Tyler Technologies, Inc. · NYSE:TYL
Tyler Technologies — Investor Day (June 2026)
150 slides from Tyler Technologies's investor day presentation, Jun 9, 2026
Slide 1: Investor Day
ee Or Investor Day ay o @ June 9, 2026 o-8 tyler technologies
Slide 2: Welcome & Safe Harbor
Welcome & Safe Harbor Hala Elsherbini S E N I O R D I R E C TO R , I N V E STO R R E L AT I O N S 2
Slide 3: Forward-Looking Statements
Forward-Looking Statements This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical in nature and typically address future or anticipated events, trends, expectat
Slide 4: Statement Regarding Use of Non-GAAP Measures
Statement Regarding Use of Non-GAAP Measures Tyler Technologies has provided in this presentation financial measures that have not been prepared in accordance with generally accepted accounting principles (GAAP) and are therefore considered non-GAAP financial measures. This information may include n
Slide 5: Agenda
Agenda Time Topic Speaker 9:00 – 9:05 Welcome & Introduction Hala Elsherbini 9:05 – 9:25 CEO Perspective: Enduring Advantage Driving Durable Growth Lynn Moore 9:25 – 9:50 SaaS Growth Through a New Phase of Execution Russell Gainford 9:50 – 10:10 Transactions: Embedded, Differentiated, and Growing Li
Slide 6: Enduring Advantage Driving Durable Growth
Enduring Advantage Driving Durable Growth Investor Day | June 9, 2026
Slide 7: Lynn Moore
Lynn Moore EXECUTIVE CHAIR, PRESIDENT & CEO 7
Slide 8: Enduring Advantage Driving Durable Growth
AGENDA: Enduring Advantage Driving Durable Growth 1 Commitments Made, Commitments Delivered – Strong Performance Since 2023 Investor Day 8
Slide 9: Tyler at a Glance
T Y L E R AT A G L A N C E The Leader in Software Solutions to the Public Sector Key Metrics Diversified Revenue Streams # 1 2025 REVENUE BREAKDOWN MARKET POSITION ERP / State & Federal Financial 87% 33% 27% RECURRING REVENUES 2025 Revenue 98% $2.33B GROSS CLIENT Other RETENTION 2% Civic Services Co
Slide 10: Clear Performance Executing Our Strategy Since 2023
Clear Performance Executing Our Strategy Since 2023 Investor Day Cloud operating Cloud transition reached foundation significantly clear inflection point strengthened Platform breadth SaaS growth trajectory expanded through materially accelerated disciplined M&A Cloud migration AI execution embedded
Slide 11: SaaS Execution Now in a More Scalable and Margin-Accretive Phase
SaaS Execution Now in a More Scalable and Margin-Accretive Phase Strategy Dimension Phase 1: Foundation Phase 2: Cloud Living (On Track) (Current Phase) Objective Move clients to AWS Standardize Tyler cloud model Security, hosting efficiency & Client Value Faster innovation & simpler upgrades enhanc
Slide 12: Met or Exceeded 2025 Targets
Met or Exceeded 2025 Targets Metric 2025 Target 2025 Actual Status Last Investor Day New Client SaaS Mix ~100% 95% Total Revenue $2.3–$2.4B $2.33B % Recurring 86%–87% 87% SaaS Revenue Growth ~20% CAGR 22% CAGR (FY22–FY25) Gross Margin 47%–48% 50% Free Cash Flow Margin 17-19% 27% 12
Slide 13: Durable Moat in a Growing, Mission-Critical Market
AGENDA: Enduring Advantage Driving Durable Growth 2 Durable Moat in a Growing, Mission-Critical Market 13
Slide 14: Steady 10% CAGR in SLED Government Software Spend
Steady ~10% CAGR in SLED Government Software Spend Vertical-Specific Software + Application Software Spend $60.2B ~10% CAGR $53.9B $48.6B $44.3B $41.6B $38.8B $34.5B 2023 2024 2025 2026 2027 2028 2029 Vertical-specific software: standalone software applications that focus on agency-specific processe
Slide 15: Sustained, Long-Term Growth Supported by Stable Industry Tailwinds
Sustained, Long-Term Growth Supported by Stable Industry Tailwinds Driven by Structural Tailwinds Antiquated Systems: Legacy or homegrown – end of life Cyber & Regulatory Mandates: Demand is durable and CJIS, NIST, financial controls inevitable – governments Workforce Reality: must modernize Retirem
Slide 16: Large Underpenetrated Whitespace Opportunity
Results in Large Underpenetrated Whitespace Opportunity S L E D S Y S T E M S / I N S T A L L AT I O N S 5 0 0 , 0 0 0 TA M More than 50,000 mission- critical installations across 16,000+ client locations Long runway to add new logos and expand penetration with existing clients 11% TYLER SHARE 16
Slide 17: Expanding the Moat
Expanding the Moat — Differentiated Strengths Drive Increased Market Share 1 Broadest, most integrated solutions Singular vertical focus, deep domain 2 expertise 3 Largest installed client base Investments in innovation focused on 4 long-term results 5 Strategic acquirer in a fragmented industry 17
Slide 18: Delivering the Broadest, Most Integrated Public Sector Solutions
Delivering the Broadest, Most Integrated Public Sector Solutions PUBLIC COURTS & SCHOOLS STATE & FEDERAL ADMINISTRATION PUBLIC SAFETY Enterprise Resource Enterprise Justice School ERP Pro Digital Solutions Planning Public Safety Student Resident Engagement Permitting & Licensing Transportation Super
Slide 19: Singular Vertical Focus with Deep Domain Expertise
Singular Vertical Focus with Deep Domain Expertise D I F F E R E N T I AT O R S Public Sector Broadest Cross-Dept/ Large Singular Focus Government- Data & Unified Resident Mission-Critical Agency Installed Base on Public Sector Grade Innovation Contextual Engagement Solutions Connectivity to Leverag
Slide 20: Largest Installed Base
Largest Installed Base – Provides Significant Cross-Sell and Upsell Opportunities Most clients use only a fraction of the Tyler platform ~3 P R O D U C T S 8-10 P R O D U C T S Majority of client lifetime value still ahead TODAY EXPANSION OPPORTUNITY 20
Slide 21: Investments in Innovation Focused on Long-Term Results
Investments in Innovation Focused on Long-Term Results Increased R&D* Anticipating client needs for digital transformation 3.5x+ $221M Increased R&D spending, including AI innovation, further widens the moat >2,800 innovative developers $63M 45% of Tyler team members have worked in the public sector
Slide 22: Strategic Acquirer in Fragmented Industry
S T R E N G T H # 5 Strategic Acquirer in Fragmented Industry Adding Capabilities and Accelerating Growth 16 acquisitions 2021–2025, including NIC Advantages Rapid Financial Solutions Computing Systems Innovations Invested Expands TAM 111% ARInspect Adds new products, capabilities, and AI US eDirect
Slide 23: Expanding the Moat
Expanding the Moat – Differentiated Strengths Drive Increased Market Share 1 Broadest, most integrated solutions Singular vertical focus, deep domain 2 expertise 3 Largest installed client base Investments in innovation focused on 4 long-term results 5 Strategic acquirer in a fragmented industry 23
Slide 24: Proven Execution Strengthens Confidence in Higher 2030 Outcomes
AGENDA: Enduring Advantage Driving Durable Growth 3 Proven Execution Strengthens Confidence in Higher 2030 Outcomes 24
Slide 25: Consistent Strategy with AI-Enhanced Growth Pillars
Consistent Strategy with AI-Enhanced Growth Pillars Driving Transactions Completing Growth Cloud Transition GOAL Leveraging Expanding • Truly differentiated ARR Growth + Installed Base TAM • Cloud-first drives long-term ARR offering Improved Margins = • Flips / Upsell • Value-add R&D, growth + • Lon
Slide 26: Execution Has Strengthened Tyler's 2030 Financial Outlook
Execution Since Our Last Investor Day Has Strengthened Tyler’s 2030 Financial Outlook Our model is stronger, more visible, and more cash-generative 26
Slide 27: Execution Since 2023 Supports Higher 2030 Outcomes
Execution Since 2023 Supports Higher 2030 Outcomes Updating our 2026-2030 Financial Profile vs. 2023 Investor Day Recurring Revenue Free Cash Flow in 2030 in 2030 $3.3B - 3.4B $3.2B - $3.4B $1.1B - 1.2B $1B ID2023 Updated ID2023 Updated 27
Slide 28: How Success Will Be Measured Going Forward
How Success Will Be Measured Going Forward RECURRING REVENUE FREE CASH FLOW 10 - 12% Low 30s% organic CAGR FCF margin >90% recurring $1.1B - $1.2B revenue mix by 2030 FCF by 2030 28
Slide 29: A Stronger Tyler
SUMMARY A Stronger Tyler: Structural Inflection Driving Durable, More Cash-Generative Growth • SaaS is now the primary growth and margin engine • Structural competitive advantages enable durable long-term compounded growth • Trusted to lead government clients into the AI era, providing an incrementa
Slide 30: What You Will Hear Today
W H AT YO U W I L L H E A R TO DAY 1 SaaS Growth Through a New Phase of Execution 2 Transactions: Embedded, Differentiated, and Growing 3 AI Makes Tyler a Stronger Company 4 Disciplined Capital Allocation Builds Long-Term Value 5 Financial Update and 2030 Outlook 30
Slide 31: SaaS Growth Through a New Phase of Execution
SaaS Growth Through a New Phase of Execution T YLER’S CLOUD JOURNEY
Slide 32: Russell Gainford
Russell Gainford CHIEF TECHNOLOGY OFFICER 32
Slide 33: SaaS Growth Through a New Phase of Execution
AGENDA: SaaS Growth Through a New Phase of Execution 1 Overview and Strategy 33
Slide 34: SaaS - Tyler's Key Growth Driver
4 SaaS – Tyler’s Key Growth Driver Tyler Revenue Mix SaaS Revenue 21% Transactions CAGR $778M 35% $645M $528M $2.3B SaaS Other Revenue 3% 2025 33% Services 10% Maintenance 2023 2024 2025 19% 34
Slide 35: Three Pillars of Cloud Transformation
Three Pillars of Cloud Transformation 1 2 3 New Clients Private Cloud Clients On-Premises Clients Goal: 100% of new Goal: Tyler’s private Goal: Tyler’s existing client contracts are cloud data centers are on-premises clients are Software-as-a-Service completely evacuated converted to Software- deplo
Slide 36: Progress on Three Pillars of Cloud Transformation
AGENDA: SaaS Growth Through a New Phase of Execution 2 Delivering on Our Commitments: Progress on Three Pillars of Cloud Transformation 36
Slide 37: SaaS Mix of New Clients TCV
PILLAR 1 SaaS Mix of New Clients TCV: >95% % of SaaS Contract Value 100% >95% 86% >95% 80% Cloud First Decision 1 60% New Clients 50% 40% Goal: 100% of new client contracts are Software-as-a-Service deployed in public 20% cloud 0% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q1 2
Slide 38: Private Cloud Data Center Clients Migrated to AWS
PILLAR 2 Private Cloud Data Center Clients Migrated to AWS on Schedule Private Cloud Migration to AWS Completed in 2025 5000 100% 4000 Maine Data Center 2 3000 Texas Data Private Cloud Clients Center Closed 2000 Maine Data Goal: Tyler’s private Center Closed cloud data centers are completely evacuat
Slide 39: 85% of On-Premises Clients in Cloud by 2030
PILLAR 3 85% of On-Premises Clients in Cloud by 2030 Migrations (‘Flips’) of On-Premises Installations (NOT LINEAR) 85% 30% 3 On-Premises Clients 30% Goal: Tyler’s existing on-premises clients are converted to Software- as-a-Service deployed in public cloud 2023 2024 2025 2026 2027 2028 2029 2030 39
Slide 40: On Track With Progress on All Three Pillars
IN SUMMARY On Track With Progress on All Three Pillars >95% 100% 30% 1 2 3 New Clients Private Cloud Clients On-Premises Clients Goal: 100% of new Goal: Tyler’s private Goal: Tyler’s existing client contracts are cloud data centers are on-premises clients are Software-as-a-Service completely evacuat
Slide 41: The Cloud Transition Is Now Beginning to Improve Scale
The Cloud Transition Is Now Beginning to Improve Scale, Client Experience, and Long-Term Economics… 41
Slide 42: Client Cloud Migrations Simplify Software Versioning
Client Cloud Migrations Simplify Software Versioning Legacy Environment Cloud: Current / Future State Multiple software versions Fewer versions, moving to single release stream Higher support complexity Faster, repeatable updates Slower upgrades & implementations Lower support burden G
Slide 43: Version Consolidation Efforts Prepare Us for Peak Migration
Version Consolidation Efforts Prepare Us for Peak Migration Activity Flagship Product 1 – Three Year Progress Flagship Product 2 – Progress To Date Current Legacy 100% 7% 89% 93% 12% 88% of Clients on Current Versions 11% 0 July 2023 March 2026 7% of clients remain off current versions 12% of client
Slide 44: Cloud Clients Already Deliver Better Outcomes
Cloud Clients Already Deliver Better Outcomes AWS clients show higher client satisfaction (CSAT) Driving higher retention Improving add-on/cross-sell 44
Slide 45: Cloud Testimonial
C LO U D T E ST I M O N I A L C L I C K T O W AT C H V I D E O 45
Slide 46: The Path to 2030
AGENDA: SaaS Growth Through a New Phase of Execution 3 The Path to 2030 46
Slide 47: Remaining Conversion Opportunity Creates Visible ARR Growth Tailwind
The Remaining Conversion Opportunity Creates a Visible ARR Growth Tailwind Through 2030… 47
Slide 48: On-Prem Maintenance Still Represents 22% of Recurring Revenue
On-Prem Maintenance Still Represents 22% of Recurring Revenue, Leaving a Meaningful SaaS Conversion Pool 2025 Recurring Software How Maintenance Changes Revenue Mix Over Time On-prem maintenance Rate increases ARR 22% New on-premises clients (limited) 78% Reduced by flips SaaS ARR 48
Slide 49: Converting Maintenance to SaaS Increases Recurring Revenue by ~1.7x
Converting Maintenance to SaaS Increases Recurring Revenue by ~1.7x On-premises SaaS Model Perpetual License Model Revenue Growth Potential 1.7× Greater Recurring Expect 85% of Revenue maintenance to convert to SaaS by 2030 Annual maintenance Annual subscription 49
Slide 50: Incentives Will Evolve As We Convert Remaining Maintenance
Incentives Will Evolve As We Convert the Remaining Maintenance Incentives to Flip Disincentives to Remain • Security • Performance and redundancy • Security vulnerability of local environment • Cloud only features • Limited new features • AI • Reduced support phases • Cloud Living release model • In
Slide 51: SaaS Flip Activity Adds Meaningful ARR Growth
SaaS Flip Activity Adds Meaningful ARR Growth SaaS ARR Converted from Flips Actual ~$500M 2023-2025 2026-2030 $120M $100M $80M $60M $40M $20M $0M 2023 2024 2025 2026 2027 2028 2029 2030 Illustrative timing of flips - may not be linear 51
Slide 52: Cloud Living: Unlocking the Full SaaS Model
AGENDA: SaaS Growth Through a New Phase of Execution 4 Cloud Living: Unlocking the Full SaaS Model 52
Slide 53: Clients Who Have Migrated to the Cloud See Improved Benefits
Clients Who Have Migrated to the Cloud See Improved Benefits and Outcomes I N I T I A L S TAT E I N T E R M E D I AT E S TAT E F I N A L E N D S TAT E ON PREMISES FLIPPED TO CLOUD CLOUD LIVING Large Disruptive Upgrades Fewer Software Versions Single SaaS Release Stream Heavy Labor Interaction Differ
Slide 54: Parallel Journey to Cloud Living
As We Continue to Flip On-premises Clients, Our Parallel Journey to Cloud Living will Unlock Increasing Value I N I T I A L S TAT E I N T E R M E D I AT E S TAT E F I N A L E N D S TAT E ON PREMISES FLIPPED TO CLOUD CLOUD LIVING Large Disruptive Upgrades Fewer Software Versions Single SaaS Release S
Slide 55: Four Priorities to Unlock the Full SaaS Model
Four Priorities to Unlock the Full SaaS Model 1. Simplify the platform – single SaaS version 2. Standardize delivery – aligned release model 3. Enable expansion – cross-sell/upsell 4. Strengthen competitiveness – new logos 55
Slide 56: Version Consolidation Lowers Cost to Serve and Improves Scale
P R I O R I T Y 1 : S I M P L I F Y P L AT F O R M Version Consolidation Lowers Cost to Serve and Improves Scale Goal: 50,000 installations, 1 SaaS version for ALL Many Versions Across Single Software Product Lines Version Lower cost to serve Simpler Operating Faster implementations Model High
Slide 57: A Standardized SaaS Model Enables Scalable Operations
P R I O R I T Y 2 : S TA N D A R D I Z E D E L I V E R Y A Standardized SaaS Model Enables Scalable Operations Time to Client Value Seasonal release-stream across (flagship product) client base Repeatable deployments and upgrades Pro-active support and client partnership Faster innovation and produc
Slide 58: Cloud Clients Use More Products, Supporting Cross-Sell and Retention
PRIORITY #3 Cloud Clients Use More Products, Supporting Higher Cross-Sell and Retention Cloud Migration Drives New Expansion Opportunities Large Western County $2.3M 142% ARR increase $950K $9.5M Contract Value 1 New Product Added On-Premises Cloud 58
Slide 59: A Stronger SaaS Platform Improves Ability to Win New Business
PRIORIT Y 4: NEW LOGOS A Stronger SaaS Platform Improves Tyler’s Ability to Win New Business A more modern, scalable SaaS platform expands Tyler’s addressable opportunities and improves sales productivity Modern cloud-native offering Higher win rates More Compelling Faster deployment Client Larger d
Slide 60: Delivering the Broadest Integrated SaaS Suite of Public Sector Solutions
OUR VISION Delivering the Broadest Integrated SaaS Suite of Public Sector Solutions in the Market PUBLIC COURTS & TRANSFORMATIVE STATE & SCHOOLS ADMINISTRATION PUBLIC SAFETY TECHNOLOGY FEDERAL Enterprise Resource Enterprise Justice School ERP Pro Data & Insights Digital Solutions Planning Resident E
Slide 61: Cloud Transformation Is on Track
I N S U M M A RY: Cloud Transformation Is on Track, with Flips Creating a Meaningful Growth Tailwind through 2030 On target to hit our cloud transformation timeline and metrics Cloud Living will make us more competitive, more efficient, and reinforce our moat with improved client satisfaction We wil
Slide 62: Transactions: Embedded, Differentiated, and Growing
Transactions: Embedded, Differentiated, and Growing
Slide 63: Liz Thomas
Liz Thomas P R E S I D E N T, S TAT E & F E D E R A L 63
Slide 64: Transactions At-a-Glance
Transactions At-a-Glance – Strong Performance Record Tyler Revenue Mix Transactions Revenue Services Other 10% 3% 13% CAGR $808M Maintenance $689M 19% $632M $2.3B Transactions Revenue 2025 35% SaaS 2023 2024 2025 33% 64
Slide 65: Foundation: A One-of-a-Kind Transactions Platform
AGENDA: Embedded, Differentiated, and Growing 1 Foundation: A One-of-a-Kind Transactions Platform 65
Slide 66: Tyler Transactions: An Engine for ARR Growth
Tyler Transactions: An Engine for ARR Growth Transaction-Funded Premium Payment Embedded Software Solutions Payments • Tyler software solution is • Solutions that enable a • Payments and funded based on number of payment to government, disbursements integrated transactions or government to a to Tyle
Slide 67: Progress Since Last Investor Day: Growth Ahead of Expectations
Progress Since Our Last Investor Day: Growth Ahead of Expectations Revenue growth Transaction revenue CAGR at the top end of prior Investor exceeded expectations Day outlook of 10-13% Volume-driven Growth driven by higher transaction volumes, scaling validated not one-time wins Expanded attach rate
Slide 68: Broad Transaction Portfolio Diversifies Revenue Opportunities
Broad Transaction Portfolio Diversifies Revenue Opportunities & Increases Client ROI TRANSACTION-FUNDED PREMIUM PAYMENT EMBEDDED PREMIUM PAYMENT SOFTWARE SOLUTIONS PAYMENTS SOLUTIONS Digital Titling & Cashiering Disbursements AP Automation Electronic Liens 85% 100% $12 3× Reduction in Agency Over th
Slide 69: Tyler's End-to-End Platform Is Difficult to Replicate
Tyler’s End-to-End Platform Is Difficult to Replicate Purpose-built for state and local government – deeply embedded across workflows, data, and compliance Core Differentiators Other Providers Purpose-built front-end solutions to connect constituents to government services Partial Secure, reliable s
Slide 70: Tyler Doubles ARR Within Existing State Client
Case Study: Tyler Doubles ARR Within Existing State Client Revenue A broader Tyler portfolio captures more wallet share, increases ARR, and strengthens retention >2X 4 YEARS Tyler Disbursements Automated childcare disbursements Tyler Cashiering for DMV Digital Titling & SaaS model Enterprise Electro
Slide 71: Payments Testimonial
PAY M E N TS T E ST I M O N I A L C L I C K T O W AT C H V I D E O 71
Slide 72: Growth Drivers: Multiple Levers Already in Motion
AGENDA: Embedded, Differentiated, and Growing 2 Growth Drivers: Multiple Levers Already in Motion 72
Slide 73: Significant Transaction Market Opportunity Remains
Significant Transaction Market Opportunity Remains Serviceable Market $10B+ reflects Tyler’s current $10B+ portfolio opportunity Tyler Installed Base Captured <30% of Tyler installed base $3.5B - $4B SAM and <8% of total industry SAM SAM 2025 Tyler Transaction Significant Runway Revenue remains $808
Slide 74: Transactions Growth Is Driven by Three Additive Levers
Transactions Growth Is Driven by Three Additive Levers TYLER 2030 3 2 1 Drive Expand Transaction- Adoption Grow Funded Portfolio Attach Rate Increase transactions Add more solutions with volume per client Within existing clients transactions built in and new logos + 74
Slide 75: Increasing Attach Rates Represents Solid Growth
GROWTH DRIVER #1 Increasing Attach Rates Represents Solid Growth Significant Growth Opportunity Remains by Proven Growth: Demonstrated Increasing Attach Rate Within Base attach rate growth of 2-3% per year from dedicated inside sales Attach Rate efforts 45% 40% Longer Runway: As more 35% product
Slide 76: Unified Payment Solutions Increases Client ARR ~2X
Case Study: Unified Payment Solutions Increases Client ARR ~2X BEFORE AFTER R E S U LT S Large California County Tyler Enterprise Payments & Cashiering 25 Unified payments layer Products Payments ~2X Client ARR Records Records ERP Permitting & Court Code Access ERP Access Licensing Management Compl
Slide 77: New Products Expand TAM and Accelerate Growth
GROWTH DRIVER #2 New Products Expand TAM and Accelerate Growth ⏵ Digital Motor Vehicle Titling 20% ARR CAGR Since 2023 & Electronic Liens ⏵ Cashiering Almost 2× the rate of existing products ⏵ AP Automation New Products on the Horizon AI-Led Resident Unclaimed Transaction Earned Wage Engagement Prop
Slide 78: Higher Adoption Increases Tyler and Client ROI
GROWTH DRIVER #3 Adoption Efforts Can Grow Revenue Per Client by 10%+ Higher Adoption Increases Tyler & Client ROI Examples of Results Achieved Our Approach 18% increase in transactions per client Consultative adoption team works with government agencies $1.7M increase in transactional revenue to in
Slide 79: Tyler Transaction Solutions are Diversified, Embedded and Growing
I N SUM M ARY: Tyler Transaction Solutions are Diversified, Embedded and Growing On target to hit our 2030 transaction revenue targets, with multiple paths for growth Tyler’s Transactions portfolio is a diverse mix of transaction-funded products and premium payment solutions Tyler is uniquely positi
Slide 80: Q&A Session
Q & A S E S S I O N 1 Enduring Advantage Driving Durable Growth Lynn Moore Brian Miller Jeff Puckett Executive Chair, President & Executive Vice President & Chief Operating Officer Chief Executive Officer Chief Financial Officer Russell Gainford Liz Thomas Chief Technology Officer President State &
Slide 81: AI Makes Tyler a Stronger Company
AI Makes Tyler a Stronger Company
Slide 82: Franklin Williams
Franklin Williams CHIEF ARTIFICIAL INTELLIGENCE OFFICER 82
Slide 83: AI Makes Tyler More Valuable
AI Makes Tyler More Valuable R E C U R R I N G S O F T W A R E R E V E N U E T O D AY AI WORLD $2.0B Protected recurring base + New TAM The labor augmentation budget AI strengthens it. A new TAM we have the right to win. 83
Slide 84: AI Strengthens Our Existing SaaS Products
AGENDA: How AI Widens Tyler’s Moat and Expands its TAM 1 AI Strengthens Our Existing Saas Products 84
Slide 85: Public Sector AI Adoption Follows a Different Curve
Public Sector AI Adoption Follows a Different Curve – And That Works in Tyler’s Favor Illustrative Framework Adoption / Deployment Why the lag defends Tyler Level • Risk-averse buyers favor trusted incumbents Private Sector • Procurement gates entrants for years Public Sector • Switching costs lock
Slide 86: AI Widens the Moats Tyler Already Owns
AI Widens the Moats Tyler Already Owns Data Distribution 50K critical systems of record Relationships with16K+ clients Guarded fiercely by clients Established sales force Required by every agent Existing procurement channels Unique, earned access Agentic development Every AI integration increases sw
Slide 87: AI Creates a Significant New TAM That Tyler Has a Right to Win
AGENDA: How AI Widens Tyler’s Moat and Expands its TAM 2 AI Creates a Significant New TAM That Tyler Has a Right to Win 87
Slide 88: AI Expands Tyler's TAM Beyond Software into Government Labor Augmentation
AI Expands Tyler’s TAM Beyond Software into Government Labor Augmentation ~$44B TAM ~$83B TAM ($44B existing software + $39B new) Today: Government Software Tomorrow: Government Labor Augmentation Workflows Document Permit Reconciliations Resident Report Processing Review & Matching Support Writing
Slide 89: Tyler Has A Right to Win This New TAM
Tyler Has A Right to Win This New TAM What “Government Grade” AI Requires Why Tyler Is Advantaged Trusted systems Mission-critical systems of record for 40+ years Critical public-sector data The system of record holding the data agents need Deep workflow integration The workflows that run government
Slide 90: Tyler Is Better Positioned Than Any Competitor
Tyler Is Better Positioned Than Any Competitor Horizontal AI Hyperscalers / Public-sector Tyler SaaS startups models point solutions Trusted systems Critical public-sector data Deep workflow integration Public-sector domain expertise Governance & auditability Proven delivery at scale Connected portf
Slide 91: AI Testimonial
A I T E ST I M O N I A L C L I C K T O W AT C H V I D E O 91
Slide 92: How We Win
AGENDA: How AI Widens Tyler’s Moat and Expands its TAM 3 How We Win 92
Slide 93: Tyler Drives ARR Growth Through Three Levers: Embed, Price, Scale
Tyler Drives ARR Growth Through Three Levers: Embed, Price, Scale. 93
Slide 94: Embed: Introducing Transformative AI Where Our Clients Already Work
Embed: Introducing Transformative AI Where Our Clients Already Work Embed AI in Core Scale through Tyler Foundry Standardize development, governance, and deployment Deploy Cloud-First Workflows 2026 Milestones Practical, trusted AI built into mission-critical work 100% of flagship products with Flag
Slide 95: Price: Tyler Monetizes AI as a New Revenue Layer
Price: Tyler Monetizes AI as a New Revenue Layer on Top of Our SaaS Base 1. Essentials 2. Subscription Uplift 3. Outcome-Based Table-stakes or “freemium” Bundled AI capabilities that Share in measurable savings and capabilities that drive client attach as a percentage uplift to efficiency gains sati
Slide 96: Scale: Scaling AI Across the Market on Tyler's Advantages
Scale: Scaling AI Across the Market on Tyler’s Advantages INSTALLED BASE SALES FORCE PROCUREMENT TRUSTED DELIVERY Enabled as a feature in the An established national An amendment to a Clients trust our delivery cloud — no waiting for an sales force with 16,000 trusted vendor's existing methodology w
Slide 97: Our Roadmap: Scaling AI Across Products, Pricing and Delivery
Our Roadmap: Scaling AI Across Products, Pricing and Delivery A multi-year roadmap to embed, monetize and scale AI across Tyler 2026 2027 2028 2029 2030 Embed AI flagship products Expand agents & workflows Scale pricing models Use AI to improve operations Broaden AI through acquisitions Scale delive
Slide 98: Market Proof Points: Tyler's Strategy Is Working
Market Proof Points: Tyler’s Strategy Is Working We have the scale, trusted relationships and early proof points to drive meaningful AI revenue. LARGE ATTACH OPPORTUNITY 16,000+ installs across U.S. state and local government STRONG RECURRING FOUNDATION $2.0B recurring software revenue base to attac
Slide 99: Document Automation - Tarrant County, Texas
With tools like Tyler’s Document Automation, we’re starting to look at our labor budget as software budget. TA R R A N T C O U N T Y, T E X A S 99
Slide 100: Market Proof Points: Tyler's Strategy Is Working
Market Proof Points: Tyler’s Strategy Is Working We have the scale, trusted relationships and early proof points to drive meaningful AI revenue. LARGE ATTACH OPPORTUNITY EARLY AI MONETIZATION EXAMPLES 16,000+ ARR Client AI Use Case SoR ARR AI Uplift (System of Record) With AI clients across U.S. sta
Slide 101: City of Doral, Florida
Tyler’s built-in governance, security controls, configurable workflows, and future integrations, reinforce the City’s commitment to investing in technology for tomorrow, not just for today. CITY OF DORAL, FLORIDA 101
Slide 102: Market Proof Points: Tyler's Strategy Is Working
Market Proof Points: Tyler’s Strategy Is Working We have the scale, trusted relationships and early proof points to drive meaningful AI revenue. LARGE ATTACH OPPORTUNITY EARLY AI MONETIZATION EXAMPLES 16,000+ SoR ARR ARR Client AI Use Case AI Uplift (System of Record) With AI clients across U.S. sta
Slide 103: AI is only as powerful as the data behind it
AI is only as powerful as the data behind it. Our data lives in Tyler. Our workflows live in Tyler. That’s where AI needs to be. P L A C E R C O U N T Y, C A L I F O R N I A 103
Slide 104: Market Proof Points: Tyler's Strategy Is Working
Market Proof Points: Tyler’s Strategy Is Working We have the scale, trusted relationships and early proof points to drive meaningful AI revenue. LARGE ATTACH OPPORTUNITY EARLY AI MONETIZATION EXAMPLES 16,000+ clients across U.S. state and local Client Tarrant AI Use Case Document SoR ARR (System of
Slide 105: AI Strengthens Tyler's Moat and Enhances Quality of Growth
I N S U M M A RY: AI Strengthens Tyler’s Moat and Enhances the Quality and Durability of Growth Market behaves differently: government AI rewards trust, workflow integration, and proven outcomes Tyler is advantaged: trust, workflow data, installed base, and Foundry ecosystem Strategy widens the moat
Slide 106: Disciplined Capital Allocation Builds Long-Term Value
Disciplined Capital Allocation Builds Long-Term Value
Slide 107: Lynn Moore
Lynn Moore EXECUTIVE CHAIR, PRESIDENT & CHIEF EXECUTIVE OFFICER 107
Slide 108: A Sturdy Foundation for Growth
AGENDA: Disciplined Capital Allocation Builds Long-Term Value 1 A Sturdy Foundation for Growth: Strengthened Balance Sheet and Expanding Free Cash Flow 108
Slide 109: Capital Deployment Since Last Investor Day
Capital Deployment Since Last Investor Day Reflects Clear Priorities STRONG CASH FLOW 2023-Q1 2026 $1.6B $995M $360M $842M Debt Repayment M&A Share Repurchases (including Q2 2026 (including Q2 2026) For The Record acquisition) 109 *After significant business investment
Slide 110: Strengthened Balance Sheet and Expanding FCF Create Capital Firepower
Strengthened Balance Sheet and Expanding FCF Create Significant Capital Firepower New Capital Capacity Projected Firepower $6B Issued $1.4B convertible debt in May 2026 with 0.50% coupon Revolver Effective conversion price of $655 Cumulative FCF after capped call option $1B Extended and upsized revo
Slide 111: Disciplined Capital Allocation Unlocks Growth Opportunities
AGENDA: Disciplined Capital Allocation Builds Long-Term Value 2 Disciplined Capital Allocation Unlocks Growth Opportunities and Enhanced Shareholder Value 111
Slide 112: Capital Allocation Priorities 2026 - 2030
Capital Allocation Priorities 2026 - 2030 1 2 3 Invest in Strategic Opportunistic organic growth acquisitions share repurchases 112 © 2026 Tyler Technologies, Inc.
Slide 113: Organic Investment Supporting Durable Value Creation
PRIORITY 1 Organic Investment Supporting Durable Value Creation R&D Capacity Expansion* Further Strengthens the Moat $221M New Product Offerings 3.5x+ AI Innovation $63M Portfolio Enhancements 2018 2025 * Represents GAAP R&D expense plus capitalized software development 113
Slide 114: Platform Enhancing M&A within Clear Strategic and Financial Criteria
PRIORITY 2 Platform Enhancing M&A within Clear Strategic and Financial Criteria Strategic & Financial Discipline Integration Focus Cultural Fit • Pursue larger acquisitions • Valuation discipline – • Proven integration playbook and tuck-in acquisitions that accretive to Tyler growth, deepen vertical
Slide 115: Our M&A Playbook Produces Faster-Growing, Scalable Revenue Streams
PRIORITY 2 Our M&A Playbook Produces Faster-Growing, Scalable Revenue Streams Actual and Projected Revenue of Acquisitions Completed 2023 - 2025 2.4X 24.3% CAGR 2.0X Acquisitions growing >2x faster than 1.7X Acquired core business Actual revenue Year 3 actual Year 4 Year 5 when companies and project
Slide 116: Q2 Acquisition of FTR Ticks All the Boxes
PRIORITY 2 Q2 26 Acquisition of FTR Ticks All the Boxes For The Record is a global leader in cloud-based courtroom recording and “legal-grade” speech-to-text technologies Strategic Drivers April 2026 Benefits Improved • Enters digital recording + AI transcription category Strategic Positioning TAM E
Slide 117: Opportunistic Repurchases Are a Disciplined Capital Allocation Tool
PRIORITY 3 Opportunistic Repurchases Are a Disciplined Capital Allocation Tool $1B Repurchase Authorization Our Approach Opportunistic relative to intrinsic value No fixed annual target $667M ~5% $333M Focused on long-term EPS accretion spent since of outstanding authorization Feb 2026 shares (2.1M)
Slide 118: Disciplined Approach to Stock-Based Compensation Stands Out Among Peers
Disciplined Approach to Stock-Based Compensation Stands Out Among Peers Stock-Based Compensation: Tyler vs Peers SBC as % of SBC as % of LTM SBC Expense NTM Revenue NTM Free Cash Flow $372M 41.0% 10.7% 21.9% $151M 5.9% Tyler Peers Tyler Peers Tyler Peers (Mean) (Mean) (Mean) Source: FactSet. Peers i
Slide 119: Opportunistic Share Repurchases Accelerate Shareholder Returns
Opportunistic Share Repurchases Accelerate Shareholder Returns Since 2001, Tyler’s revenue has grown over 2000% while fully diluted shares have declined by 12% FCF Diluted Shares ($000) (000) $690,000* 47,984 -12% 42,250* $3,400 2001 2026E 2001 2026E 119 * Represents 2026 annual guidance midpoint.
Slide 120: Proven Capital Allocation Framework Driving Long-term Value
SUMMARY Proven Capital Allocation Framework Driving Long-term Value • Fortified balance sheet plus growing FCF engine provides flexibility across macro cycles • Balanced use of FCF aligned to clear priorities • Disciplined approach to equity a force multiplier for shareholder returns 120
Slide 121: Financial Update 2030 Outlook
Financial Update 2030 Outlook
Slide 122: Brian Miller
Brian Miller EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER 122
Slide 123: Financial Update Since Our Last Investor Day
AGENDA: Driving Multi-Year Growth 1 Financial Update Since Our Last Investor Day 123
Slide 124: Financial Update Since Our Last Investor Day
AGENDA: Driving Multi-Year Growth 1 Financial Update Since Our Last Investor Day 124
Slide 125: Execution Since Last Investor Day Has Strengthened 2030 Financial Outlook
Execution Since Our Last Investor Day Has Strengthened Tyler’s 2030 Financial Outlook Our model is stronger, more visible, and more cash-generative
Slide 126: Financial Performance Tracking to Long-Term Objectives
Financial Performance Tracking to Long-Term Objectives Margin expansion Expanding recurring revenue pathway visible with cloud investment increasing durability and visibility largely behind us Advancing cloud transition Higher FCF conversion driving structural shift toward higher- strengthening as c
Slide 127: Achieved All Key Metrics Outlined at Last Investor Day
Achieved All Key Metrics Outlined at Last Investor Day Ahead of 2025 Plan Revenue 2025E Last ID Actual 2025 Total Revenue $2.3-2.4B $2.33B % Recurring 86-87% 87% Total Recurring Revenue $2.0-$2.1B $2.03B Margin Profile 2025E Last ID Actual 2025 Revenue 100% 100% Non-GAAP Gross Margin 47-48% 49.6%1 S
Slide 128: Recurring Revenue Mix Shift Driving Higher-Quality Growth
Recurring Revenue Mix Shift Driving Higher-Quality Growth 11.8% CAGR $2.03B CAGR $1.81B ’22-’25 $1.63B 30% 33% SaaS 21% 30% 27% % of Total 35% Revenue 32% 33% Transactions 13% 24% 22% 19% Maintenance (2)% 2023 2024 2025 128
Slide 129: Disciplined Growth Model Expanding Operating Margins
Disciplined Growth Model Expanding Operating Margins Operating Margin +300 bps 26.0% • Expanding recurring revenues 24.5% • Significant progress 23.0% on cloud transition • Leverage from expense discipline 2023 2024 2025 129
Slide 130: Updated 2026 Annual Guidance – Raised
Updated 2026 Annual Guidance – Raised POST CONVERTIBLE DEBT OFFERING Non-GAAP Diluted Earnings Per Share Prior Annual Guidance Range Updated Annual Guidance Range AS OF APRIL 29, 2026 AS OF JUNE 9, 2026 +$0.30 $12.50 – $12.75 EPS increase $12.80 – $13.05 Expected 2026 EPS Linearity 1H ~47% 2H ~53% 1
Slide 131: Credible Path to Updated 2030 Targets
AGENDA: Driving Multi-Year Growth 2 Credible Path to Updated 2030 Targets 131
Slide 132: Recurring Revenue Momentum Continues With Double-Digit Growth
Recurring Revenue Momentum Continues With Double-Digit Growth R A I S I N G T H E 2 0 3 0 TA R G E T S $B $5 M&A and AI1 $4 SaaS $3 ~20% CAGR Total $2 Recurring 10%-12% ~10% CAGR Transactions CAGR $1 Maintenance Non-recurring $ 2025 2030 132 1. For illustrative purposes only.
Slide 133: The 10-12% Recurring Revenue Growth Algorithm
The 10-12% Recurring Revenue Growth Algorithm Is Supported by Three Visible Drivers 10-12% Recurring M&A and AI Revenue $3.3B - $3.4B CAGR ~10% CAGR Transactions Low-teens CAGR $2.0B Net expansion and >1.7x new logo SaaS (excl. flips) Converted New SaaS maintenance from flips SaaS CAGR ~20% 2025 2 0
Slide 134: Four Structural Drivers Support the Path to Higher Margins
Four Structural Drivers Support the Path to Higher Margins 1-2% Mid 30s% 3-4% OpEx 1-2% 4 3-4% AI Efficiencies Transactions 3 ~26% 2 Cloud 1 2025 NON-GAAP 2 0 3 0 TA R G E T N O N - G A A P OP MARGIN OP MARGIN 134
Slide 135: Cloud Scale Unlocks Significant Margin Expansion
DRIVER #1 Cloud Scale Unlocks Significant Margin Expansion Key Margin Drivers 1 Higher-value recurring mix as SaaS grows and maintenance converts 2026–2030 Margin Impact Lower infrastructure cost from data center exit and AWS scale economics +3-4 pts Reduced complexity from cloud scale and from vers
Slide 136: Cloud Scale Unlocks Significant Margin Expansion
DRIVER #1 Cloud Scale Unlocks Significant Margin Expansion Key Margin Drivers 1 Higher-value recurring mix as SaaS grows and maintenance converts 2026–2030 Margin Impact Lower infrastructure cost from data center exit and AWS scale economics +3-4 pts Reduced complexity from cloud scale and from vers
Slide 137: Transactions Drive Margin Improvement
DRIVER #2 Transactions Drive Margin Improvement Key Margin Drivers 2 Higher transaction volume as processed volume continues to scale 2026–2030 Margin Impact Better margin mix from reduced low-margin commodity payments +1-2 pts Improved economics from scale, optimization and through interchange opti
Slide 138: AI Drives Efficiencies in Development & Delivery
DRIVER #3 AI Drives Efficiencies in Development & Delivery Key Margin Drivers Higher developer productivity 3 from agentic coding and shorter development cycles 2026–2030 Margin Impact +3-4 pts Faster deployment and migration through lower-effort implementations and faster time to value Lower suppor
Slide 139: Leverage Across Operating Expenses
DRIVER #4 Leverage Across Operating Expenses Key Margin Drivers Lower incremental sales cost 4 as additional products are sold into the installed base 2026–2030 Margin Impact Scalable G&A infrastructure across an expanding recurring revenue base +1-2 pts from installed-base leverage, scale Growth wi
Slide 140: Tyler's 2030 Model Now Delivers More Cash at Higher Margins
Tyler’s 2030 Model Now Delivers More Cash at Higher Margins Free Cash Flow $ Free Cash Flow Margin $1.1 - $1.2B Updated Low 30s $1B High 20s Act. 26% Last Investor $620M Day Target $450M Est. 17-19% Last Last Investor Day Investor Day Target Actual Target Updated 2025 2030 2025 2030 140
Slide 141: Tyler's 2030 Financial Targets
Tyler’s 2030 Financial Targets Change from Revenue 2030E Last ID Updated 2030E Last Investor Day Total Recurring Revenue $3.2-3.4B $3.3-3.4B Increased % Recurring ~90% 90+% Increased Total Revenue $3.6-3.8B $3.6-3.7B Within Range Margin Profile Revenue 100% 100% Non-GAAP Gross Margin 53-55% 59-60% I
Slide 142: Execution Since 2023 Supports Higher 2030 Outcomes
Execution Since 2023 Supports Higher 2030 Outcomes 2030 Recurring 2030 Operating 2030 Free Cash Flow 2030 Free Cash Flow Revenue Margin (%) Margin (%) $3.3B - $3.4B $3.2B - $3.4B $1.1B - $1.2B Mid 30s High 20s Low 30s 30+ $1B ID2023 Updated ID2023 Updated ID2023 Updated ID2023 Updated 142
Slide 143: How Success Will Be Measured Going Forward
How Success Will Be Measured Going Forward Recurring Revenue Free Cash Flow 10-12% Low 30s% organic CAGR FCF margin >90% $1.1B - $1.2B recurring revenue FCF by 2030 mix by 2030 143 © 2026 Tyler Technologies, Inc.
Slide 144: Financial Discipline and Execution Underpin Refreshed 2030 Targets
SUMMARY Financial Discipline and Execution Underpin Refreshed 2030 Targets • Credible path to updated 2030 targets with clear growth and margin expansion drivers • Continued success measured by growth in recurring revenue and cash flow 144
Slide 145: Q&A Session
Q & A S E S S I O N 2 Enduring Advantage Driving Durable Growth Lynn Moore Brian Miller Jeff Puckett Executive Chair, President & Executive Vice President & Chief Operating Officer Chief Executive Officer Chief Financial Officer Franklin Williams Rusty Smith Chief Artificial Intelligence Officer Gro
Slide 146: Tyler Has Become A Structurally Stronger Company
TYLER HAS BECOME A S T R U C T U R A L LY S T R O N G E R C O M P A N Y 1 Durable market: Mission-critical public-sector demand remains strong 2 Defensible position: Tyler’s breadth, trust, installed base difficult to replicate 3 Visible growth: SaaS, Transactions, AI, M&A create multiple growth lev
Slide 147: Feedback on Today's Event
Feedback on Today’s Event Thank you for joining us for our 2026 Investor Day. We hope you found it informative. Your feedback is important to us, so we would appreciate it if you could complete a brief survey. It should take only 2-3 minutes. All responses are anonymous. The survey will be available
Slide 148: Thank You
Slide 149: Appendix
Appendix
Slide 150: Non-GAAP Reconciliations
Non-GAAP Reconciliations 150