Compared to Estimates, Tyler Technologies (TYL) Q2 Earnings: A Look at Key Metrics

Financial Performance - For the quarter ended June 2025, Tyler Technologies reported revenue of $596.12 million, reflecting a 10.2% increase year-over-year [1] - Earnings per share (EPS) for the quarter was $2.91, up from $2.40 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $586.23 million by 1.69% [1] - The EPS also surpassed the consensus estimate of $2.78 by 4.68% [1] Key Metrics - Annualized Recurring Revenues (ARR) reached $2.07 million, slightly above the average estimate of $2.03 million from five analysts [4] - Subscription revenue was $405.08 million, exceeding the average estimate of $391.37 million and representing a 21.4% year-over-year increase [4] - Maintenance revenue was $112.12 million, slightly above the average estimate of $110.33 million, but down 2.8% year-over-year [4] - Revenue from hardware and other sources was $16.64 million, surpassing the estimated $11.09 million and showing a 13% increase year-over-year [4] - Software licenses and royalties revenue was $3.66 million, below the estimated $4.67 million, marking a significant decline of 31.3% year-over-year [4] - Professional services revenue was $58.61 million, compared to the estimated $68.77 million, reflecting an 18.5% decrease year-over-year [4] Stock Performance - Over the past month, shares of Tyler Technologies have returned -6.4%, while the Zacks S&P 500 composite has increased by 3.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]