TacticScaleWhat Tyler Technologies Does & How It Makes Money (TYL)
Updated October 2026 · reflects Tyler Technologies's latest reported financials
Software provider for US state and local governments and schools. Tyler sells and licenses software to public-sector clients and earns ongoing revenue from support, cloud hosting, and technology services.
How Tyler Technologies makes money
Tyler sells and licenses software to public-sector clients and earns ongoing revenue from support, cloud hosting, and technology services. It also earns fees from the digital payment and online services it runs for governments.
What Tyler Technologies does
Tyler Technologies, founded in 1966 and based in Plano, Texas, is a US software provider focused on the public sector. It reports two segments, Enterprise Software and Platform Technologies, and builds software for essential back-office government work, including ERP, civic services, property and recording, regulatory, courts and justice, corrections, and public safety. Its offerings also include K-12 school ERP and student transportation, health and human services tools, and platform technologies such as payments, digital solutions, data and insights, cybersecurity, and outdoor recreation. A strategic collaboration with Amazon Web Services supports its cloud hosting.
Products & services
- Public administration ERP
- Courts and justice software
- Public safety and corrections solutions
- School ERP and student transportation
- Government payments and digital solutions
- Property and recording systems
What is Tyler Technologies worth?
On an owner-earnings DCF, Tyler Technologies's most-likely value is about $557 versus a recent price near $330 (69% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$184) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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