Tyler Technologies (MEX:TYL) Operating Income: MXN6,746 Mil (TTM As of Mar. 2026)


MEX:TYL Tyler Technologies Inc MEX:TYL
81 GF Score
Price MXN9,360.00
GF Value MXN16,709.97
! 1 Warning Sign
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What is Tyler Technologies Operating Income?

Tyler Technologies MEX:TYL 81 Operating Income is MXN6,746 Mil as of Mar. 2026. GuruFocus rates MEX:TYL with a GF Score™ of 81/100 and a GF Value™ of MXN16,709.97. The stock has 1 warning sign investors should review.

Tyler Technologies's Operating Income for the three months ended in Mar. 2026 was MXN1,800 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN6,746 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tyler Technologies's Operating Income for the three months ended in Mar. 2026 was MXN1,800 Mil. Tyler Technologies's Revenue for the three months ended in Mar. 2026 was MXN11,063 Mil. Therefore, Tyler Technologies's Operating Margin % for the quarter that ended in Mar. 2026 was 16.27%.

Good Sign:

Tyler Technologies Inc operating margin is expanding. Margin expansion is usually a good sign.

Tyler Technologies's 5-Year average Growth Rate for Operating Margin % was 1.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tyler Technologies's annualized ROC % for the quarter that ended in Mar. 2026 was 6.31%. Tyler Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 217.73%.

Tyler Technologies  (MEX:TYL) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Tyler Technologies's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=7199.52 * ( 1 - 23.72% )/( (93361.698 + 80748.61)/ 2 )
=5491.793856/87055.154
=6.31 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=101532.486 - 6578.31 - ( 19755.854 - max(0, 31608.016 - 33200.494+19755.854))
=93361.698

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=86532.057 - 5759.626 - ( 6245.698 - max(0, 18749.915 - 18773.736+6245.698))
=80748.61

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Tyler Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7753.196/( ( (3528.343 + max(-7620.805, 0)) + (3593.358 + max(-6294.351, 0)) )/ 2 )
=7753.196/( ( 3528.343 + 3593.358 )/ 2 )
=7753.196/3560.8505
=217.73 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11502.005 + 0 + 1515.035) - (6578.31 + 14059.535 + 0)
=-7620.805

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10332.701 + 0 + 1931.825) - (5759.626 + 12799.25 + 0.0010000000002037)
=-6294.351

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Tyler Technologies's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1799.88/11063.116
=16.27 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Tyler Technologies Operating Income Related Terms

Tyler Technologies Operating Income Historical Data

* Premium members only.

The historical data trend for Tyler Technologies's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tyler Technologies Operating Income Chart

Tyler Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,707.60 4,177.00 3,709.50 6,246.82 6,440.21

Tyler Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,824.32 1,800.00 1,796.48 1,349.98 1,799.88
MEX:TYL
81GF Score
Tyler Technologies Inc MEX:TYL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Tyler Technologies Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN6,746 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN6,746 Mil mean?
Tyler Technologies (MEX:TYL) has a Operating Income of MXN6,746 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tyler Technologies and its competitors.
Is Tyler Technologies' Operating Income too high?
Tyler Technologies' current Operating Income is MXN6,746 Mil. Overall, Tyler Technologies has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Tyler Technologies' Operating Income compare to U and DT?
Tyler Technologies' Operating Income of MXN6,746 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Software company?
A good Operating Income depends on the Software industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tyler Technologies and its competitors. Tyler Technologies's current Operating Income is MXN6,746 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tyler Technologies stock overvalued right now?
Tyler Technologies (MEX:TYL) has a current Operating Income of MXN6,746 Mil. The stock's GF Value™ is MXN16,709.97, compared to a current price of MXN9,360.00 — trading 44% below its estimated fair value. The current Operating Income is MXN6,746 Mil. Tyler Technologies' overall GF Score™ is 81/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Tyler Technologies (MEX:TYL), the current Operating Income is MXN6,746 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tyler Technologies (MEX:TYL) Overvalued in 2026?

Based on GuruFocus' analysis, Tyler Technologies stock appears to be undervalued. The current stock price of MXN9,360.00 is trading 44% below its estimated GF Value™ of MXN16,709.97.

Key valuation signals for MEX:TYL:

  • Operating Income: MXN6,746 Mil
  • GF Value™: MXN16,709.97 vs. price of MXN9,360.00 (44% below fair value)
  • GF Score™: 81/100 with 1 warning sign

No single metric tells the full story. See the MEX:TYL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tyler Technologies Business Description

Address 5101 Tennyson Parkway, Plano, TX, USA, 75024
Tyler Technologies provides a full suite of software solutions and services that address the needs of cities, counties, schools, courts and other local government entities. The company's three core products are Munis, which is the core ERP system, Odyssey, which is the court management system, or CMS, and payments. The company also provides a variety of add-on modules and offers outsourced property tax assessment services.
81GF Score

Get the complete analysis for MEX:TYL

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN9,360.00
Price
MXN16,709.97
GF Value