FAIR ISAAC CORPFICO

FAIR ISAAC CORP Financial Overview 2021–2025

Updated Aug 15, 2026

Fair Isaac Corporation's legacy business is accelerating at an astonishing rate, marked by a massive 60% year-over-year revenue surge in its Scores segment to $475.0 million during Q1 2026. This undeniable business-to-business pricing power underpins the core investment thesis: FICO is leveraging the ubiquity of its credit scoring standard to extract premium margins, funding aggressive share repurchases while scaling a highly retentive enterprise software business. Driven by this pricing leverage, total revenues expanded steadily from $1.32 billion in FY2021 to $2.0 billion in FY2025.

The company's capital allocation strategy relies on relentless equity reduction, executing $1.4 billion in stock repurchases in FY2025 alone. Management escalated this approach into the following year, utilizing an incremental term loan to fund an immediate $1.5 billion accelerated share repurchase program that drove total debt to $5.6 billion by the close of Q2 2026. Beneath these financial maneuvers, the Software segment delivers compounding predictability, reaching an Annual Recurring Revenue of $815.8 million alongside a Dollar-Based Net Retention Rate of 109% during that same quarter. The market has aggressively rewarded this combination of inelastic demand and persistent capital return; at the close of FY2025, shares traded at $1496.53, commanding a $35.6 billion market cap and a steep 56.4x price-to-earnings multiple.

Recent Developments (Q2 and Q3 2026)

FICO maintained strong operational momentum, highlighted by a successful debt restructuring and sustained profitability growth. In Q2 2026, total revenues grew 26% year-over-year to $674.2 million, with Scores segment revenue climbing 41% to $458.9 million. Operational efficiency drove net income up 30% to $237.2 million, while diluted earnings per share expanded 41% to $10.45.

In March 2026, the company issued $1.0 billion in 6.250% Senior Notes due 2034, using proceeds to retire $400 million of maturing debt and optimize its maturity profile. Bulls point to surging operating cash flows, which reached $777.9 million for the nine months ended June 30, 2026, as validation of ongoing operational leverage. Bears warn that top-line growth is decelerating from earlier peaks, leaving the stock vulnerable at a rich 47.6x earnings multiple as of July 29, 2026.

What to watch: the impact of higher interest expenses on net margins; continued execution against the newly authorized $2.0 billion stock repurchase program.

Rev

$1.99B

+15.9% YoY

FY2025

NI

$651.9M

+27.1% YoY

FY2025

EPS

$26.90

+29.5% YoY

FY2025

OCF

$778.8M

+23.0% YoY

FY2025

Revenue Trend
Beta

Year-over-year comparison from 10-K annual reports

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Data from SEC Company Facts

All FICO Financial Metrics(60)

Recent SEC Filings

FAIR ISAAC CORP 8-K Report, Financial Results (Jul 29, 2026)

Fair Isaac Corporation (FICO) has filed an 8-K report on July 29, 2026, to announce its financial results for the quarter ended June 30, 2026. The core of this filing is the press release, furnished as Exhibit 99.1, which contains the specific operational and financial performance details for the period. Investors should refer to this press release for comprehensive information regarding the company's revenue, profitability, and other key financial metrics. While the 8-K itself is brief and primarily serves as a notification and repository for the press release, the press release is expected to detail FICO's performance against expectations, potentially including updates on its various business segments, customer growth, and any significant strategic developments. Investors are advised to carefully review Exhibit 99.1 for a thorough understanding of FICO's financial health and outlook for the remainder of the fiscal year.

FAIR ISAAC CORP 8-K Report, Material Agreement (Jun 8, 2026)

Fair Isaac Corporation (FICO) has announced a significant financial maneuver through an 8-K filing on June 8, 2026. The company entered into a First Amendment to its existing Credit Agreement, securing a $1.5 billion unsecured incremental term loan. This new loan matures on May 15, 2028, and the proceeds were immediately utilized for an accelerated share repurchase (ASR) program, underscoring a strategic decision to return capital to shareholders. The company also announced a new, broader stock repurchase program valued at up to $2.0 billion, replacing its previous authorization. This move signals FICO's confidence in its financial position and its commitment to enhancing shareholder value. The ASR for $1.5 billion is expected to be completed by September 30, 2026, with an initial delivery of shares already received. The financing for this repurchase is secured through the newly acquired term loan. Investors should note the substantial capital deployment towards share buybacks, which could positively impact earnings per share, and the increased leverage from the new debt facility.

FAIR ISAAC CORP 8-K Report, Financial Results (Apr 28, 2026)

Fair Isaac Corporation (FICO) has filed an 8-K report on April 28, 2026, to disclose its financial results for the quarter ended March 31, 2026. The primary focus of this filing is the incorporation by reference of the company's earnings press release, furnished as Exhibit 99.1. Investors should review this press release for detailed financial performance, operational updates, and forward-looking statements made by FICO for the specified period. While the 8-K itself is brief, it signals that FICO has communicated its quarterly performance to the market. The press release will likely contain key metrics such as revenue, earnings per share (EPS), profitability, and any significant business developments or segment performance. Investors should pay close attention to guidance updates and management's commentary on market conditions and strategic initiatives that could impact future results.

FAIR ISAAC CORP 8-K Report, Material Agreement (Mar 20, 2026)

Fair Isaac Corporation (FICO) announced on March 20, 2026, the successful closing of a $1.0 billion private offering of 6.250% Senior Notes due 2034. The primary purpose of this offering is to refinance existing debt, including the repayment of certain indebtedness under its credit agreement and the full redemption of $400 million of its 5.25% Senior Notes due 2026. A portion of the proceeds may also be used for general corporate purposes, potentially including stock repurchases. These new senior notes are unsecured obligations of FICO, with future significant domestic subsidiaries expected to provide guarantees. The notes carry a semi-annual interest payment schedule and mature in 2034. The indenture governing these notes includes covenants that restrict certain corporate actions such as asset sales, mergers, and incurring subsidiary debt, and also outlines provisions for accelerated repurchase by the company in the event of a change of control that impacts the notes' investment grade rating.

FAIR ISAAC CORP 8-K Report, Corporate Update (Mar 11, 2026)

Fair Isaac Corporation (FICO) announced on March 11, 2026, the commencement of a private offering for $1.0 billion in aggregate principal amount of Senior Notes due 2034. This offering is being conducted in accordance with Rule 135(c) of the Securities Act, meaning it is not an offer to sell or a solicitation to buy securities. The company intends to strategically utilize the net proceeds to strengthen its financial position. A significant portion of the proceeds will be allocated to repaying existing debt under its credit agreement and to fully redeem its outstanding $400 million of 5.25% Senior Notes due 2026, originally issued in 2018. The remaining funds will cover associated fees, expenses, and general corporate purposes, which could include common stock repurchases. This strategic financial maneuver aims to optimize the company's debt structure and potentially enhance shareholder value.

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