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TYLER TECHNOLOGIES INC

For the period ended Sep 30, 2026. Filed Oct 28, 2026.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Oct 28, 2026

TYL$418.18-0.6%Stored close · as of Nov 9, 2026

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Item 1A. Risk Factors

In addition to the other information set forth in this report, one should carefully consider the discussion of various risks and uncertainties contained in Part I, “Item 1A. Risk Factors” in our 2025 Annual Report on Form 10-K filed on February 18, 2026. We believe those risk factors are the most relevant to our business and could cause our results to differ materially from the forward-looking statements made by us. Please note, however, that those are not the only risk factors facing us. Additional risks that we do not consider material, or of which we are not currently aware, may also have an adverse impact on us. Our business, financial condition and results of operations could be seriously harmed if any of these risks or uncertainties actually occur or materialize. In that event, the market price for our common stock could decline, and our shareholders may lose all or part of their investment. During the nine months ended September 30, 2026, there were no material changes in the information regarding risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025.

During the three months ended September 30, 2026, we repurchased $379.1 million of our common stock and withheld shares valued at $0.6 million to satisfy the minimum tax obligations of employees due upon vesting of restricted stock awards.

A summary of the repurchase activity during the three months ended as of September 30, 2026, is as follows:

Period · Total number of shares repurchased1 · Average price paid per share2 · The total number of shares purchased as part of publicly announced repurchase plans or programs · Approximate dollar value of shares that may yet be purchased under current authorization
Six months ended June 30$244,995,181
July 1 through July 3138,502$311.6938,5021,732,994,574
August 1 through August 31752,580325.54752,5801,487,999,919
September 1 through September 30359,203341.47357,3071,365,901,942
1,150,2851,148,389

On February 3, 2026, our Board of Directors authorized the repurchase of $1.0 billion, excluding excise taxes, of our common stock, which replaced and superseded all previous share repurchase authorizations. On July 24, 2026, our Board of Directors authorized an additional $1.5 billion share repurchase plan. The plan allows us to repurchase shares at our discretion, and there is no expiration date. The plan replaces and supersedes any previous authorizations, except that the Company’s Chief Executive Officer and Chief Financial Officer may continue to cause the Company to repurchase any amounts not yet repurchased under previous authorizations. As of October 28, 2026, we have remaining authorization from our Board of Directors to repurchase up to approximately $1.334 billion of our common stock.

1 Includes 1,896 shares withheld by us to satisfy the minimum tax obligations of employees due upon vesting of restricted stock awards. The level of this acquisition activity varies from period to period based upon the timing of award grants and vesting. Also includes 1,148,389 shares for common stock repurchases under our authorized share repurchase program.

2 Amount excludes impact of excise taxes of $9.9 million imposed on corporate stock repurchases required under the Inflation Reduction Act of 2022.

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