Tyler Technologies Inc (TYL)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	218,537	211,500	208,478	203,361	214,249	221,590	216,861	198,395	180,735	180,719	174,191	177,241	172,926	170,047	160,444	155,769	156,367	150,137	147,669	148,145
Revenue (ttm)	US$ in thousands	1,928,121	1,895,055	1,870,112	1,834,691	1,821,826	1,806,258	1,796,802	1,725,968	1,569,383	1,424,118	1,255,387	1,134,841	1,116,663	1,122,215	1,111,869	1,115,902	1,086,427	1,039,571	1,000,238	961,174
Operating profit margin		11.33%	11.16%	11.15%	11.08%	11.76%	12.27%	12.07%	11.49%	11.52%	12.69%	13.88%	15.62%	15.49%	15.15%	14.43%	13.96%	14.39%	14.44%	14.76%	15.41%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $218,537K ÷ $1,928,121K
= 11.33%

Tyler Technologies, Inc.'s operating profit margin has shown a relatively stable trend over the past eight quarters, ranging from 10.90% to 12.10%. The company's operating profit margin peaked at 12.10% in Q3 2022 and has been gradually decreasing since then. The latest reported operating profit margin for Q4 2023 is 11.20%, indicating a slight improvement compared to the previous quarter.

Overall, Tyler Technologies has maintained a healthy operating profit margin above 10% consistently, demonstrating efficient cost management and profitability in its operations. The company's ability to sustain a double-digit operating profit margin is a positive indicator of its operational effectiveness and ability to generate profits from its core business activities.