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Fair Isaac Corporation

FICO Technology Software Application

Fair Isaac Corporation’s revenue for fiscal 2025 (year ended September 2025) was $2.0 billion, up 15.9% from fiscal 2024.

Revenue
+25.7%
EPS
+39.7%
Free cash flow
+34.1%
Total debt
+100.8%

Quarter to June 2026, against a year earlier

692.78 14.62 −2.07%
Market cap
$15.3B
P/E
20.4×
Fwd P/E
19.2×
Dividend yield
—
F-score
7/9
Altman Z
12.04
Beneish M
−2.65
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Scores
  • Software

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 0.01
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 — 2 — — — — 1 — — — —
Insider Ownership 7.90%

Capital & Financial Ratios $m

Size
Market Cap 15,280.00
Revenue ttm 2,393.58
Net income ttm 815.02
Free cash flow ttm 960.88
Net debt Q 5,333.95
Valuation
P/E 20.42
Forward P/E 19.20
Price / sales 6.73
Forward P/S Powerpack
Price / FCF 16.77
Price / book 0.00
Financial health
Current ratio Q 1.18
Debt / equity Q (1.36) (negative: negative equity)
Interest coverage Q 6.06
Growth
Revenue growth Q +25.68% (above 0%: growing)
Operating income growth Q +38.13% (above 0%: growing)
EPS, this year +3.47%
EPS, next year A +8.83%
Revenue, next year A +27.13% (at or above 10%: strong)
EPS, past 5 yrs +27.43% (at or above 15%: strong)
EPS, next 5 yrs A +5.82%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 9.0×, against a ten-year median of 10.1×; over the ten years it ranged from 4.1× in 2016 to 35.3× in 2024.
P/E against its own 10 years 0.55%
10-year low 10-year high
P/S against its own 10 years 28.75%
10-year low 10-year high
EV/Sales against its own 10 years 36.93%
10-year low 10-year high
EV/FCF against its own 10 years 7.33%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2016–25
−100.0%/yr
  1. 0.08 ’16
  2. 0.02 ’17 −75
  3. 0.00 ’20 −100
  4. 0.00 ’21
  5. 0.00 ’22
  6. 0.00 ’23
  7. 0.00 ’24
  8. 0.00 ’25
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 137 151 134 248
Receivables 388 427 529 593
Inventory — — — —
Other — — — —
556 617 705 882
2023 2024 2025 Q'26
Payables 19 22 32 27
ST’ Debt 50 15 400 300
Other — — — —
368 380 849 745

Compound Annual Growth %

10y 5y 3y
Sales 9.03% 8.99% 13.07%
Cash Flow 18.16% 16.37% 15.20%
Earnings 22.38% 22.49% 20.40%
Book Value 0.00% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q4 FY26 Estimate 10.84 Actual 11.10

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY26 6.95 7.33 Beat by 0.38
Q2 FY26 11.03 12.50 Beat by 1.47
Q3 FY26 12.02 12.18 Beat by 0.16
Q4 FY26 10.84 11.10 Beat by 0.26
Q1 FY27 10.53 — Reports 27 January 2027

EPS $

Dec Mar Jun Sep Year
’26 6.61 11.14 10.45 — —
’25 6.14 6.59 7.40 6.42 26.54
’24 4.80 5.16 5.05 5.44 20.45
’23 3.84 4.00 5.08 4.01 16.93
’22 3.09 3.95 3.61 3.55 14.18
’21 2.90 2.33 5.18 3.00 13.40
’20 1.82 1.94 2.15 1.98 7.90
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 512 692 674 — —
’25 440 499 536 516 1,991
’24 382 434 448 454 1,718
’23 345 380 399 390 1,514
’22 322 357 349 349 1,377
’21 312 331 338 335 1,317
’20 299 308 314 374 1,295
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 174 223 380 — —
’25 194 75 286 224 779
’24 122 71 213 226 633
’23 92 90 123 164 469
’22 125 123 117 145 509
’21 78 154 101 92 424
’20 60 61 107 136 365
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 165 214 370 — —
’25 187 65 276 211 739
’24 121 62 206 219 607
’23 84 90 122 169 465
’22 126 120 115 142 503
’21 83 152 237 (56) 416
’20 54 55 99 135 343
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 10.2% a year for ten years. It grew 19.5% a year over the last ten.

Implied
10.2%
10 years, reported
19.5%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 881 935 1,000 1,160 1,295 1,317 1,377 1,514 1,718 1,991 2,394 +9.5% 2,531 2,691 2,910 +13.5%
Gross margin, % 69.91 69.24 68.71 70.96 72.10 74.75 78.06 79.45 79.73 82.23 85.10 +12.3 pt
EBT 145 156 157 216 257 473 471 554 642 803 1,065 +21.0%
EBT margin, % 16.40 16.72 15.69 18.63 19.85 35.94 34.22 36.58 37.38 40.31 44.50 +23.9 pt
Net income 109 133 126 192 236 392 374 429 513 652 815 +21.9%
Per share, $
Per share, $ Revenue 28.31 30.30 33.66 40.03 44.54 45.82 52.89 60.58 69.60 82.13 105.58 +12.6%
Earnings 3.52 4.16 4.26 6.63 8.13 13.65 14.34 17.18 20.78 26.90 34.81 +25.4%
Cash flow 6.75 7.31 7.51 8.98 12.55 14.75 19.56 18.77 25.65 32.13 44.18 +18.9%
Capex (0.71) (0.64) (1.05) (0.83) (0.76) (0.26) (0.23) (0.17) (1.04) (1.63) (1.79) +9.7%
Free cash flow 6.05 6.67 6.45 8.16 11.80 14.49 19.33 18.60 24.62 30.50 42.39 +19.7%
Book value 14.35 13.82 9.67 10.00 11.39 (3.86) (30.79) (27.53) (39.01) (72.02) (180.73) n/m
Shares, m 31 31 30 29 29 29 26 25 25 24 24 (2.7%)
Valuation, ×
Valuation, × P/E 35.39 34.19 54.11 45.78 52.26 29.13 28.67 50.24 93.53 55.63 20.42 47.9
P/S 4.40 4.70 6.76 7.58 9.55 8.69 7.79 14.26 27.92 18.22 6.73 11.0
P/B 8.68 10.29 23.51 30.36 37.35 0.00 0.00 0.00 0.00 0.00 0.00 11.0
EV/Sales 4.96 5.23 7.43 8.20 10.07 9.49 9.04 15.40 29.12 19.69 8.96 11.9
EV/FCF 23.22 23.76 38.76 40.25 38.03 30.02 24.73 50.15 82.34 53.01 22.32 40.4
Cash, $m
Cash, $m Operating cash flow 210 226 223 260 365 424 509 469 633 779 1,002 +15.7%
Capex (22) (20) (31) (24) (22) (8) (6) (4) (26) (39) (41) +6.7%
Free cash flow 188 206 192 236 343 416 503 465 607 739 961 +16.4%
Balance, $m
Balance, $m Working capital 22 (16) (78) (35) 120 (8) 153 189 237 (144) 136 n/m
Net debt 495 499 674 718 677 1,064 1,720 1,725 2,058 2,922 5,334 +21.8%
Shareholders’ equity 447 427 287 290 331 (111) (802) (688) (963) (1,746) (4,097) n/m
Returns, %
Returns, % ROA 8.93 10.78 9.78 13.90 15.55 24.71 24.82 28.46 31.14 36.36 41.80 +27.4 pt
ROIC 11.26 12.30 11.40 15.72 18.35 33.16 36.91 38.75 41.85 49.16 62.47 +37.9 pt
ROE 24.77 30.55 35.43 66.57 76.16 356.21 (81.84) (57.64) (62.13) (48.14) (29.67) (72.9) pt
People
People Employees 3,088 3,299 3,668 4,009 4,003 3,650 3,404 3,455 3,586 3,811 — +2.4%
Revenue/emp, $m 0.29 0.28 0.27 0.29 0.32 0.36 0.40 0.44 0.48 0.52 — +6.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Business profile

Updated

Fair Isaac Corporation, known as FICO, sells credit scores and analytics software that help businesses make decisions about customers and transactions. Founded in 1956, the company is led by Chief Executive Officer William J. Lansing.

The FICO Score is a measure of consumer credit risk in the United States. Lenders use it when deciding whether to extend credit and how to manage existing accounts. FICO applies its algorithms to credit information held by consumer reporting agencies to produce scores; it generally does not collect or store the underlying consumer credit data itself. Consumers can also buy scores and credit-monitoring services through myFICO.com.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Scores 1,169 58.70%
Software 822 41.30%
Gross margin 82.23%
Operating margin 46.45%
Pre-tax margin 40.31%

Revenue by segment since 2009

Fair Isaac Corporation vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SSNC SS&C Technologies Holdings, Inc. $18.4B 21.8× 20.6× +10.34% (above 0%: growing) +33.78% (above 0%: growing) +14.94% (above 0%: growing) 48.26% 24.60% Compare
TYL Tyler Technologies, Inc. $17.1B 53.6× 45.9× +8.67% (above 0%: growing) +19.80% (above 0%: growing) +11.88% (above 0%: growing) 49.14% 18.07% Compare
FICO Fair Isaac Corporation $15.3B 20.4× 19.2× +25.68% (above 0%: growing) +39.65% (above 0%: growing) +34.07% (above 0%: growing) 87.09% 53.79%
MANH Manhattan Associates, Inc. $14.8B 71.0× 68.4× +11.02% (above 0%: growing) +8.25% (above 0%: growing) −22.46% (below 0%: shrinking) 56.93% 26.45% Compare
DOCU Docusign Inc. $14.8B 47.3× 45.2× +9.38% (above 0%: growing) +32.26% (above 0%: growing) +35.89% (above 0%: growing) 79.69% 13.43% Compare
GRAB Grab Holdings Limited $14.2B 25.9× 19.3× +27.38% (above 0%: growing) −56.00% (below 0%: shrinking) +108.44% (above 0%: growing) 46.49% 9.71% Compare
GWRE Guidewire Software, Inc. $13.8B 101× 74.0× +15.29% (above 0%: growing) −38.71% (below 0%: shrinking) +16.42% (above 0%: growing) 65.60% 15.16% Compare
BSY Bentley Systems, Incorporated $13.6B 43.3× 39.1× +12.24% (above 0%: growing) +61.11% (above 0%: growing) −8.34% (below 0%: shrinking) 82.93% 29.09% Compare
DT Dynatrace, Inc. $12.5B 79.3× 70.5× +17.43% (above 0%: growing) +23.84% (above 0%: growing) +29.38% (above 0%: growing) 80.56% 16.49% Compare
Median of peers $14.5B 50.5× 45.6× +11.63% +21.82% +15.68% 61.27% 17.28%

All 230 Software Application stocks →

From the latest earnings call

Updated

  • Will Lansing said Fair Isaac raised its FY2026 outlook after Q3 revenue reached $674 million and Scores revenue rose 41% from the prior year.
  • Lansing said the Mortgage Direct Licensing Program remained under GSE review, while agreements with partners and resellers represented about 60% of mortgage volume.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
BMO Capital Oct 26, 2026 Target cut — 897.00
Wells Fargo Oct 26, 2026 Downgrade Hold —
UBS Oct 26, 2026 Target cut Hold 1,100.00 → 942.00
JPMorgan Oct 26, 2026 Target cut Hold 1,530.00 → 900.00
Bank of America Oct 7, 2026 Downgrade Buy → Hold 1,400.00 → 700.00
Bank of America (BofA) Oct 3, 2026 Downgrade Hold 1,400.00 → 700.00
BMO Capital Markets Oct 1, 2026 Target cut Outperform 1,550.00 → 1,150.00
RBC Sep 29, 2026 Reiterated Outperform —
Deutsche Bank Sep 29, 2026 Reiterated Buy —
Goldman Sachs Sep 29, 2026 Target cut Buy 1,548.00 → 1,322.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 99.51%
Held by the ten largest 58.22%
Holder Shares Stake Change
Capital Group 3.27m 15.15% +702.62k
Vanguard 2.97m 13.77% −26.48k
BlackRock 2.09m 9.66% −101.65k
State Street 1.05m 4.88% +11.00k
Geode Capital Management 731.78k 3.39% −5.67k
Valley Forge Capital Management, LP 672.19k 3.11% −97.16k
Morgan Stanley 579.68k 2.68% −25.01k
Principal Financial 416.14k 1.93% −7.04k
UBS 415.38k 1.92% +40.44k
KENSICO CAPITAL MANAGEMENT CORP 373.50k 1.73% −11.50k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 27 January 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 36.05m (38.93m) 351.82
2024 35.56m 268.04m 456.90
2023 66.35m 155.15m 204.18
2022 18.91m 29.54m 96.86
2021 19.43m 18.45m 93.55

Ownership

Directors and executive officers, together 3.02%
Vanguard Group, Inc. 12.78%
BlackRock, Inc. 8.60%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Fair Isaac Corporation (FICO) Latest News

5 Nov

Impact 4 · · The Motley Fool transcript
Impact 4 · · 24/7 Wall St.
Impact 4 · · Moby
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · GuruFocus.com

4 Nov

Impact 3 · · Business Wire

3 Nov

Impact 3 · · Insider Monkey

29 Oct

Impact 3 · · Zacks

28 Oct

Impact 4 · · Trefis
Impact 3 · · Zacks

27 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Business Wire
Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

26 Oct

Impact 4 ·
Impact 4 · · TIKR
Impact 3 · · StockStory
Impact 3 · · Exec Edge

23 Oct

Impact 3 · · Business Wire
Impact 3 · · Barchart

22 Oct

Impact 4 · · Insider Monkey

21 Oct

Impact 4 · · Trefis
Impact 3 · · Business Wire

20 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Business Wire

19 Oct

Impact 4 · · TIKR

13 Oct

Impact 4 · · Trefis
Impact 3 · · Simply Wall St.

FICO metrics, ten years each

stockrow.com/FICO · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com