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Tyler Technologies (TYL) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended March 2025, Tyler Technologies (TYL - Free Report) reported revenue of $565.17 million, up 10.3% over the same period last year. EPS came in at $2.78, compared to $2.20 in the year-ago quarter.

The reported revenue represents a surprise of +1.65% over the Zacks Consensus Estimate of $556.02 million. With the consensus EPS estimate being $2.56, the EPS surprise was +8.59%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Tyler Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Annualized Recurring Revenues (ARR): $1.95 million versus the five-analyst average estimate of $1.93 million.
  • Revenue- Subscriptions: $374.99 million versus the six-analyst average estimate of $366.32 million. The reported number represents a year-over-year change of +19.7%.
  • Revenue- Maintenance: $112.80 million versus $112.14 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -3.8% change.
  • Revenue- Hardware and other: $6.33 million compared to the $7.34 million average estimate based on six analysts. The reported number represents a change of -24.3% year over year.
  • Revenue- Software licenses and royalties: $6.99 million compared to the $6.52 million average estimate based on six analysts. The reported number represents a change of -19.9% year over year.
  • Revenue- Professional services: $64.05 million compared to the $63.70 million average estimate based on six analysts. The reported number represents a change of -1.2% year over year.
  • Gross profit- Hardware and other: $2.88 million versus the three-analyst average estimate of $3.31 million.
  • Gross profit- Software licenses and royalties: $5.08 million versus the three-analyst average estimate of $5.24 million.
View all Key Company Metrics for Tyler Technologies here>>>

Shares of Tyler Technologies have returned -2.8% over the past month versus the Zacks S&P 500 composite's -6.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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