Tyler Tech

Q2 FY2026 EarningsQ2 FY26 revenue was in-line with consensus at $645.1M, while GAAP EPS of $2.23 significantly beat the $2.01 consensus. Growth was driven by a 22% YoY surge in SaaS fees and a $25.0M non-cash gain from the For the Record (FTR) acquisition. Despite robust top-line momentum in Enterprise Software, operating margins were pressured by increased R&D investments and litigation-related professional fees. Management continues to aggressively return capital, authorizing an additional $1.5B share repurchase plan following the quarter's close.