NYSE: FICO
Fair Isaac
Technology · Services-Business Services, NEC
52-week range
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$25.8B
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| Period | Market cap |
|---|---|
| FY2016, ended Sep 30, 2016 | $3.85B |
| FY2017, ended Sep 30, 2017 | $4.21B |
| FY2018, ended Sep 30, 2018 | $6.62B |
| FY2019, ended Sep 30, 2019 | $8.79B |
| FY2020, ended Sep 30, 2020 | $12.4B |
| FY2021, ended Sep 30, 2021 | $10.9B |
| FY2022, ended Sep 30, 2022 | $10.3B |
| FY2023, ended Sep 30, 2023 | $21.5B |
| FY2024, ended Sep 30, 2024 | $47.3B |
| FY2025, ended Sep 30, 2025 | $35.5B |
| Trailing 12 months to Jun 30, 2026 (through Q3 FY2026) | $25.8B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$2.39B
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| Period | Revenue |
|---|---|
| FY2016, ended Sep 30, 2016 | $881M |
| FY2017, ended Sep 30, 2017 | $935M |
| FY2018, ended Sep 30, 2018 | $1.03B |
| FY2019, ended Sep 30, 2019 | $1.16B |
| FY2020, ended Sep 30, 2020 | $1.29B |
| FY2021, ended Sep 30, 2021 | $1.32B |
| FY2022, ended Sep 30, 2022 | $1.38B |
| FY2023, ended Sep 30, 2023 | $1.51B |
| FY2024, ended Sep 30, 2024 | $1.72B |
| FY2025, ended Sep 30, 2025 | $1.99B |
| Trailing 12 months to Jun 30, 2026 (through Q3 FY2026) | $2.39B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Sep 30, 2016 | $109M | $188M |
| FY2017, ended Sep 30, 2017 | $133M | $206M |
| FY2018, ended Sep 30, 2018 | $126M | $192M |
| FY2019, ended Sep 30, 2019 | $192M | $236M |
| FY2020, ended Sep 30, 2020 | $236M | $343M |
| FY2021, ended Sep 30, 2021 | $392M | $416M |
| FY2022, ended Sep 30, 2022 | $374M | $503M |
| FY2023, ended Sep 30, 2023 | $429M | $465M |
| FY2024, ended Sep 30, 2024 | $513M | $624M |
| FY2025, ended Sep 30, 2025 | $652M | $770M |
| Trailing 12 months to Jun 30, 2026 (through Q3 FY2026) | $815M | $996M |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$248M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Sep 30, 2016 | $75.9M |
| FY2017, ended Sep 30, 2017 | $106M |
| FY2018, ended Sep 30, 2018 | $90.0M |
| FY2019, ended Sep 30, 2019 | $106M |
| FY2020, ended Sep 30, 2020 | $157M |
| FY2021, ended Sep 30, 2021 | $195M |
| FY2022, ended Sep 30, 2022 | $133M |
| FY2023, ended Sep 30, 2023 | $137M |
| FY2024, ended Sep 30, 2024 | $151M |
| FY2025, ended Sep 30, 2025 | $134M |
| Trailing 12 months to Jun 30, 2026 (through Q3 FY2026) | $248M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$5.58B
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| Period | Total debt |
|---|---|
| FY2016, ended Sep 30, 2016 | $494M |
| FY2017, ended Sep 30, 2017 | $463M |
| FY2018, ended Sep 30, 2018 | $529M |
| FY2019, ended Sep 30, 2019 | $607M |
| FY2020, ended Sep 30, 2020 | $739M |
| FY2021, ended Sep 30, 2021 | $1.01B |
| FY2022, ended Sep 30, 2022 | $1.82B |
| FY2023, ended Sep 30, 2023 | $1.81B |
| FY2024, ended Sep 30, 2024 | $2.21B |
| FY2025, ended Sep 30, 2025 | $3.06B |
| Trailing 12 months to Jun 30, 2026 (through Q3 FY2026) | $5.58B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 30.2% since 2016.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.21.6M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Sep 30, 2016 | 30.9M |
| FY2017, ended Sep 30, 2017 | 30.0M |
| FY2018, ended Sep 30, 2018 | 29.0M |
| FY2019, ended Sep 30, 2019 | 29.0M |
| FY2020, ended Sep 30, 2020 | 29.1M |
| FY2021, ended Sep 30, 2021 | 27.4M |
| FY2022, ended Sep 30, 2022 | 25.0M |
| FY2023, ended Sep 30, 2023 | 24.7M |
| FY2024, ended Sep 30, 2024 | 24.3M |
| FY2025, ended Sep 30, 2025 | 23.7M |
| Trailing 12 months to Jun 30, 2026 (through Q3 FY2026) | 21.6M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Net: $3.42B more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Sep 30, 2016 | $138M | $55.5M |
| FY2017, ended Sep 30, 2017 | $188M | $61.2M |
| FY2018, ended Sep 30, 2018 | $343M | $74.8M |
| FY2019, ended Sep 30, 2019 | $229M | $83.0M |
| FY2020, ended Sep 30, 2020 | $235M | $93.7M |
| FY2021, ended Sep 30, 2021 | $874M | $112M |
| FY2022, ended Sep 30, 2022 | $1.10B | $115M |
| FY2023, ended Sep 30, 2023 | $406M | $124M |
| FY2024, ended Sep 30, 2024 | $822M | $149M |
| FY2025, ended Sep 30, 2025 | $1.41B | $157M |
| Trailing 12 months to Jun 30, 2026 (through Q3 FY2026) | $3.59B | $174M |
Revenue (TTM)
$2.39B
+24.1% YoY
Net income (TTM)
$815M
+28.8% YoY
Cash
$248M
+31.4% YoY
Total debt
$5.58B
+101% YoY
Valuation
At current price- Market Cap
- $15.4B
- P/E
- 18.8×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 6.4×
- Price / Book
- n/m. Market cap / shareholders' equity
- EV / EBITDA
- 16.5×
Growth
Trailing 12 months- Revenue (TTM)
- $2.39B
- Revenue Growth YoY
- 24.1%
- Revenue CAGR 3Y
- 13.1%
- Revenue CAGR 5Y
- 9.0%
- EPS Growth YoY
- 35.1%
- Net Income Growth YoY
- 28.8%
Profitability
Trailing 12 months- Gross Margin
- 85.1%
- Operating Margin
- 51.7%
- Net Margin
- 34.1%
- FCF Margin
- 41.6%
- Return on Equity
- n/m. Net income (TTM) / average equity
Earnings
Trailing 12 months- Net Income
- $815M
- EPS (diluted)
- $34.54
- EBITDA
- $1.25B
- Operating Income
- $1.24B
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $248M
- Total Debt
- $5.58B
- Net Debt
- $5.33B
- Total Assets
- $2.04B
- Total Liabilities
- $6.13B
- Shareholders' Equity
- −$4.10B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.00B
- Capital Expenditure
- $5.53M
- Free Cash Flow
- $996M
Dividends and risk
Last 12 months- Dividend Yield
- 0.0%
- Dividend / Share
- $0.00
- Beta (5Y)
- 1.34
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 24.1% year over year, at $2.39B.
Strength
Operating margin widened 5.8 pts in a year, to 51.7%.
Watch
Net debt is 4.3× EBITDA ($5.33B), a heavy load.
Strength
Turns 41.6% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Sep 30, 2025 · filed Nov 7, 2025
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K71Good news
10-K for the fiscal year ended Sep 30, 2024
Filed Nov 6, 2024 · Read the filing on EDGAR
- Revenue rose 13% to $1.72 billion, operating income rose 14% to $733.6 million, and net income rose 19% to $512.8 million.
- Scores revenue grew 19%, mainly from higher prices, while mortgage volumes fell; Scores earned most of the company's segment profit.
- Software growth slowed: recurring revenue rose 8% versus 22% a year earlier, though the cloud platform portion grew 31%.
- Share buybacks doubled to $833.3 million, partly funded by a new $450 million loan, lifting total debt to $2.2 billion.
Business momentum
Strong improvement
“Net income was $512.8 million during fiscal 2024, a 19% increase from fiscal 2023.”
Outlook
Neutral
“will be sufficient to fund our working and other capital requirements for at least the next 12 months and thereafter for the foreseeable future”
Financial stress
Low
“We were in compliance with all financial covenants under the credit agreement as of September 30, 2024.”
Tone against the previous report
About the same
Red flags
None found in this report.
Positives
Scores revenue grew strongly, keeping its very high 88% profit margin
“Revenues for our Scores segment were $919.7 million during fiscal 2024, a 19% increase from fiscal 2023.”
Cloud platform sales are driving software growth, with platform recurring revenue up 31%
“The increase in our on-premises and SaaS software revenue was primarily attributable to an increase in revenue recognized over time largely driven by SaaS growth for our Platform products.”
Cash generated by operations rose sharply
“Cash flow from operating activities was $633.0 million during fiscal 2024, compared with $468.9 million during fiscal 2023.”
Concerns
Software recurring revenue growth slowed, existing-customer spending growth fell, and new bookings declined to $84.7 million from $93.9 million
“Dollar-Based Net Retention Rate for our Software segment was 106% as of September 30, 2024.”
Scores growth relies on price increases while mortgage volumes shrink
“The increase in business-to-business scores revenue was primarily attributable to a higher unit price, partially offset by a decrease in volume of mortgage originations.”
Debt rose while buybacks exceeded cash generated by operations, and interest costs grew
“Total debt balance was $2.2 billion as of September 30, 2024, compared with $1.9 billion as of September 30, 2023.”
New risks since the previous report
US regulator inquiry into mortgage fees could limit FICO Score price increases
“in May 2024, the CFPB launched a public inquiry to obtain information on fees charged by providers of mortgages and related settlement services in the U.S. residential mortgage market, including fees for credit reports and credit scores”
Mortgage rule change could cut the number of credit scores pulled per loan
“a change permitting mortgage originators to underwrite loans using credit scores from only two of the three national consumer reporting agencies”
Most bank debt and $400 million of notes come due in 2026, requiring repayment or refinancing
“Additional financing might not be available on terms favorable to us, or at all.”
Biggest risks named
- Dependence on banking customers for 92% of revenue
- Reliance on three credit reporting agencies that also sell a competing score
- Fannie Mae and Freddie Mac approving rival scores or changing score requirements
- Regulation of score pricing, data privacy and artificial intelligence
- Cybersecurity breaches damaging reputation and customer trust
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +12 | |
| Outlook | 0 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −1.5 | |
| Score | 71 | |
Written by AI (Claude Opus 5.5) from the report’s text. 12 of 12 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Nov 7, 2025 | Pro | |||
| 10-K | Nov 6, 2024 | 71 | Strong improvement | None | |
| 10-K | Nov 8, 2023 | 73 | Strong improvement | None | |
| 10-K | Nov 9, 2022 | 65 | Improving | None | |
| 10-K | Nov 10, 2021 | 70 | Strong improvement | None | |
| 10-K | Nov 12, 2020 | 64 | Strong improvement | 1 medium1 minor | |
| 10-K | Nov 8, 2019 | 74 | Strong improvement | None | |
| 10-K | Nov 9, 2018 | 67 | Improving | None | |
| 10-K | Nov 9, 2017 | 56 | Mixed | None | |
| 10-K | Nov 10, 2016 | 74 | Strong improvement | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Jun 30, 2026), filed Jul 29, 2026. View filings on SEC EDGAR