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Fair Isaac (FICO) stock

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NYSE: FICO NYSE Application Software Next results ~November 4, 2026

B+ Fundamentals grade

Fair Isaac is a US-listed company in the application software industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$1300

Cash-flow model

Base case. Range ~$960–$1800 across our lower- and higher-growth cases (15%–25% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 85% above it.

Price used: $724.19, November 2, 2026

Fair Isaac valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Fair Isaac files

Where Fair Isaac stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.39bn, up 24.1% on a year earlier, faster than 22.6% a quarter earlier. Free-cash-flow margin rose to 41.6% from 40.2% a year earlier. Operating margin widened to 51.7% from 45.9%. The diluted share count is down 4.5% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 2 of our 5 financial-health checks. Our cash-flow model value is $1,259 a share, against a share price of $796. At that price, our model says the market is pricing in about 13.2% a year of cash-flow growth for five years, close to the 12.7% a year revenue growth it has delivered.

Source: 10-Q filed July 29, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Fair Isaac's trailing-twelve-month revenue grew 24.1% year on year, with a free-cash-flow margin of 41.6%. Where it stands out: operating margin of 51.7% ranks 1 of 181 application software companies we cover. Where it lags: long-term debt as % of assets of 259.3% ranks 98 of 98 application software companies we cover.

Our discounted-cash-flow model values the business at ~$1300 per share in the base case (~$960–$1800 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Long-term debt rising: Long-term debt rose 122% year over year, to 259% of total assets.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $724.19 is 85% below our value per share of $1,300.
  • Fast growth. Revenue grew 24.1% over the last 12 months, against a median of 12.0% for application software companies we cover.
  • High operating margin. 51.7% of revenue is left as operating profit, against a median of 1.1% for application software companies we cover.
  • Margins widening. Operating margin is up 5.8 points on a year ago.
  • Strong cash generation. 41.6% of revenue turned into free cash flow, against a median of 15.2% for application software companies we cover.

Things to watch

  • High debt. Long-term debt exceeds cash by $5.0bn, more than 1.5 times annual revenue.
  • Volatile shares. Over the past year the shares showed annualised volatility of 63% and a beta of 0.3 against the S&P 500.
  • Insiders selling. 5 insiders sold $11M of stock over the past 365 days and none bought (28% under pre-set trading plans).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 259.3% ranks 98 of 98 application software companies we cover (median 16.9%).
  • Below peers: days sales outstanding. Days sales outstanding of 90 days ranks 125 of 162 application software companies we cover (median 57 days).
  • Heavily shorted. 13.5% of the shares available to trade are sold short (2.1 days of average volume to cover).

Latest results: FY2026 Q3

Filed July 29, 2026
Earnings per share
$12.18 against an average estimate of $11.78: beat by 3.4%
Revenue
$674m, up 25.7% on a year earlier
Share reaction
-14.7% in the first session after the results on July 29, 2026, against +0.1% for the S&P 500
Guidance given
revenues $2.53bn (fiscal 2026); GAAP Net Income $850m (fiscal 2026)
Next report
November 4, 2026; average EPS estimate $10.77

Fair Isaac's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.8%
  • 1 week+2.3%
  • 1 month+9.5%
  • This year-57.2%
  • 1 year-56.4%
  • 5 years+88.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.4B
Operating margin
51.7%
Net margin
34.1%
EPS (TTM, diluted)
$34.47

Growth

Revenue growth
+24.1%
Change in growth rate
+1.5 pts
Share count change
−4.5%

Cash

Free cash flow (TTM)
$996M
FCF margin
41.6%
Stock pay % of revenue
7.3%

Earnings

Last results
July 29, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Restructuring
  3. Results
  4. Insider trade
  5. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Fair Isaac valuation models and calculator

What the price is pricing in

The share price implies about 8.2% a year of cash-flow growth for five years.That is close to the 12.7% a year revenue growth Fair Isaac has delivered.

  • Priced in8.2%
  • Last 12 months24.1%
  • 3 years a year17.6%
  • 5 years a year12.7%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($706.61, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$1300
Price used
$706.61close November 3, 2026
Implied change
▲ +90%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Fair Isaac's free cash flow after stock-based pay with after-tax interest added back ($871M, FY2026 Q3 TTM), growing 13.1% and 15% in the next two years (forecasts, guidance and its record), then back to 20% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$960–~$1800 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Fair Isaac's free cash flow after stock-based pay ( $871M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Fair Isaac as an operating company, with every model that fits that kind of business. Cost of equity 9.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.02 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$1300 ~$960–$1800 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$650 ~$540–$1100 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$1100 ~$650–$1300 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Fair Isaac with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −27%
  • Revenue growth 5 points higher ▲ +34%
  • Free-cash-flow margin 1 point lower ▼ −2%
  • Last year's free-cash-flow margin change, if it persists ▲ +3%
  • Discount rate 1 point higher ▼ −18%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $335$543$820$1183$1657$2270
8.5% $199$350$548$809$1146$1581
10% $116$233$386$585$842$1172

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$124.55$140.50$228.55$303.52$425.38$397.93$412.01$868.53$1943.52$1496.53$724.19
Market value$4.0bn$4.5bn$7.1bn$9.2bn$12.7bn$11.6bn$10.9bn$22.0bn$48.7bn$36.8bn$17.1bn
+ Net debt (− = net cash)$495m$499m$674m$718m$677m$1.1bn$1.7bn$1.7bn$2.1bn$2.9bn$5.3bn
Enterprise value$4.5bn$5.0bn$7.8bn$9.9bn$13.4bn$12.7bn$12.6bn$23.8bn$50.8bn$39.7bn$22.5bn
Multiples
Price / sales 4.6x4.9x6.9x7.9x9.8x8.8x7.9x14.6x28.4x18.5x7.2x
Price / earnings 36.8x34.0x56.3x47.9x53.9x29.7x29.1x51.3x95.0x56.4x21.0x
Price / free cash flow 21.4x22.0x37.2x38.9x37.1x28.0x21.6x47.4x78.1x47.7x17.2x
EV / EBITDA 22.5x23.0x37.9x34.8x41.1x23.9x22.3x36.1x68.0x42.2x18.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

71 /100

Strong moat

How hard Fair Isaac's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 42.7% of total assets over 10 years.

  • Pricing power 17 / 20

    Gross margin has been a median 76.2%, moving by 5.5 percentage points (standard deviation) across 10 years.

  • Durability 17 / 20

    Operating margin has been a median 36.7%; its worst year was 17.6%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 31.6% of revenue.

  • Discipline 13 / 20

    The diluted share count fell 20.1% over five years; stock-based pay has been a median 7.7% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (86 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $653m and EPS of $10.77 (range $10.15 to $11.26) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $42.71 +43% $2.5bn +27%
Next $47.24 +11% $2.7bn +6%

Next year's EPS estimate has moved −13.4% in 90 days, across 21 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −1.2% on 90 days ago. In the last 30 days, 1 analyst raised Fair Isaac's forecast and 6 cut it.

Consensus EPS forecast Fair Isaac, last 90 days
$40.00 $45.00 $50.00 $55.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $43.21 Current fiscal year, 60 days ago: $43.09 Current fiscal year, 30 days ago: $43.02 Current fiscal year, 7 days ago: $42.78 Current fiscal year, Now: $42.71 $42.71 Next fiscal year, 90 days ago: $54.55 Next fiscal year, 60 days ago: $53.15 Next fiscal year, 30 days ago: $53.01 Next fiscal year, 7 days ago: $49.22 Next fiscal year, Now: $47.24 $47.24

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $43.21$54.55
60 days ago $43.09$53.15
30 days ago $43.02$53.01
7 days ago $42.78$49.22
Now $42.71$47.24

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $11.78 $12.18 +3.4%
Mar 2026 $10.97 $12.50 +13.9%
Dec 2025 $7.08 $7.33 +3.5%
Sept 2025 $7.36 $7.74 +5.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 29, 2026
  • Revenues fiscal 2026 about $2.53bn Raised
    “Revenues $2.45 billion $2.53 billion” source
  • GAAP EPS fiscal 2026 about $36.86 GAAP Raised
    “GAAP EPS $35.60 $36.86” source
  • Non-GAAP EPS fiscal 2026 about $42.43 Non-GAAP Raised
    “Non-GAAP EPS $40.45 $42.43” source
  • GAAP Net Income fiscal 2026 about $850m GAAP Raised
    “GAAP Net Income $825 million $850 million” source
  • Non-GAAP Net Income fiscal 2026 about $979m Non-GAAP Raised
    “Non-GAAP Net Income $946 million $979 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Fair Isaac's revenue by +13.1% next year and +15.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+10.8%, weight 57%) , management guidance (+10.7%, weight 19%) and the company's own record (+20.0%, weight 25%) . How the weights are set.

Analyst recommendations

21 analysts, Oct 2026
Buy1048%
Hold943%
Sell210%

Monthly trend

  1. Oct 2026469221
  2. Sep 2026487221
  3. Aug 202659621
  4. Jul 2026511421

Counts of recommendations published by analysts covering Fair Isaac, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
13.5%
of tradable shares
Days to cover
2.07
at average volume
Short interest, 1 month
+25%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
3.0%
of shares
Employees
3,876
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −56.4%

$1659.53 on October 31, 2025 to $724.19

ThenNowEffect
Revenue (last 12 months) $1.9bn $2.4bn +24.1%
Net margin 32.8% 34.1% +3.8%
P/E multiple 64.9x 21.0x −67.6%
Share count 25m 24m +4.7%

Biggest factor: p/e multiple.

Last 3 years −22.2%

$930.41 on November 3, 2023 to $724.19

ThenNowEffect
Revenue (last 12 months) $1.5bn $2.4bn +62.5%
Net margin 28.4% 34.1% +19.8%
P/E multiple 56.5x 21.0x −62.9%
Share count 25m 24m +7.6%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FICO−15%+38%+95%+71%−15%−57%
Industry peers (median)−7%−50%+19%+2%−21%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FICO50%42%83%75%50%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FICO−38%−35%−11%−17%−41%−65%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 75% from November 26, 2024 to September 30, 2026. Getting back needed a 302% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$592.47 – $1844.98
From 52-week high
−60.7%
vs 50-day average
−16.1%
vs 200-day average
−35.3%
Volatility (1 year)
63%
Beta vs S&P 500
0.33

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±4.8%
After a week
6 up, 6 down
typical move ±7.9%
After a month
8 up, 4 down
typical move ±11.7%
Results releasedNext dayS&P 500 next day5 days21 days
July 29, 2026 −14.7% +0.1% −18.3% −13.4%
April 28, 2026 +2.9% −0.5% +5.2% +27.9%
January 28, 2026 −2.8% −0.2% −10.2% −8.8%
November 5, 2025 +4.3% −0.7% +10.7% +12.0%
July 30, 2025 −4.5% −0.5% −7.4% +0.1%
April 29, 2025 +2.4% +0.7% +6.1% −13.3%
February 4, 2025 +1.1% +1.1% −1.7% −0.6%
November 6, 2024 +8.3% +3.3% +16.9% +18.0%
July 31, 2024 −0.6% +0.2% +5.0% +7.9%
April 25, 2024 −6.9% +0.6% −2.3% +16.1%
January 25, 2024 −6.2% +0.4% −2.5% +1.0%
November 8, 2023 +2.6% −0.7% +8.8% +20.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Fair Isaac’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: no liquid put with an effective price at or below fair value.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Fair Isaac in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Fair Isaac
$1.5B $2B $2.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.5B Revenue (TTM), FY24 Q1: $1.6B Revenue (TTM), FY24 Q2: $1.6B Revenue (TTM), FY24 Q3: $1.7B Revenue (TTM), FY24 Q4: $1.7B Revenue (TTM), FY25 Q1: $1.8B Revenue (TTM), FY25 Q2: $1.8B Revenue (TTM), FY25 Q3: $1.9B Revenue (TTM), FY25 Q4: $2B Revenue (TTM), FY26 Q1: $2.1B Revenue (TTM), FY26 Q2: $2.3B Revenue (TTM), FY26 Q3: $2.4B $2.4B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.5B
FY24 Q1 $1.6B
FY24 Q2 $1.6B
FY24 Q3 $1.7B
FY24 Q4 $1.7B
FY25 Q1 $1.8B
FY25 Q2 $1.8B
FY25 Q3 $1.9B
FY25 Q4 $2B
FY26 Q1 $2.1B
FY26 Q2 $2.3B
FY26 Q3 $2.4B
Revenue growth, TTM YoY Fair Isaac
5% 10% 15% 20% 25% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 9.9% Revenue growth, TTM YoY, FY24 Q1: 10.8% Revenue growth, TTM YoY, FY24 Q2: 12.8% Revenue growth, TTM YoY, FY24 Q3: 12.3% Revenue growth, TTM YoY, FY24 Q4: 13.5% Revenue growth, TTM YoY, FY25 Q1: 14.5% Revenue growth, TTM YoY, FY25 Q2: 14.7% Revenue growth, TTM YoY, FY25 Q3: 16.7% Revenue growth, TTM YoY, FY25 Q4: 15.9% Revenue growth, TTM YoY, FY26 Q1: 16.2% Revenue growth, TTM YoY, FY26 Q2: 22.6% Revenue growth, TTM YoY, FY26 Q3: 24.1% 24.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 9.9%
FY24 Q1 10.8%
FY24 Q2 12.8%
FY24 Q3 12.3%
FY24 Q4 13.5%
FY25 Q1 14.5%
FY25 Q2 14.7%
FY25 Q3 16.7%
FY25 Q4 15.9%
FY26 Q1 16.2%
FY26 Q2 22.6%
FY26 Q3 24.1%
Operating margin (TTM) Fair Isaac
40% 45% 50% 55% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 42.5% Operating margin (TTM), FY24 Q1: 42.2% Operating margin (TTM), FY24 Q2: 42.9% Operating margin (TTM), FY24 Q3: 42.5% Operating margin (TTM), FY24 Q4: 42.7% Operating margin (TTM), FY25 Q1: 42.9% Operating margin (TTM), FY25 Q2: 44.2% Operating margin (TTM), FY25 Q3: 45.9% Operating margin (TTM), FY25 Q4: 46.5% Operating margin (TTM), FY26 Q1: 47.5% Operating margin (TTM), FY26 Q2: 50.4% Operating margin (TTM), FY26 Q3: 51.7% 51.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 42.5%
FY24 Q1 42.2%
FY24 Q2 42.9%
FY24 Q3 42.5%
FY24 Q4 42.7%
FY25 Q1 42.9%
FY25 Q2 44.2%
FY25 Q3 45.9%
FY25 Q4 46.5%
FY26 Q1 47.5%
FY26 Q2 50.4%
FY26 Q3 51.7%
FCF margin (TTM) Fair Isaac
25% 30% 35% 40% 45% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 30.7% FCF margin (TTM), FY24 Q1: 31.8% FCF margin (TTM), FY24 Q2: 29.5% FCF margin (TTM), FY24 Q3: 34.0% FCF margin (TTM), FY24 Q4: 36.3% FCF margin (TTM), FY25 Q1: 39.2% FCF margin (TTM), FY25 Q2: 38.2% FCF margin (TTM), FY25 Q3: 40.2% FCF margin (TTM), FY25 Q4: 38.7% FCF margin (TTM), FY26 Q1: 36.4% FCF margin (TTM), FY26 Q2: 39.9% FCF margin (TTM), FY26 Q3: 41.6% 41.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 30.7%
FY24 Q1 31.8%
FY24 Q2 29.5%
FY24 Q3 34.0%
FY24 Q4 36.3%
FY25 Q1 39.2%
FY25 Q2 38.2%
FY25 Q3 40.2%
FY25 Q4 38.7%
FY26 Q1 36.4%
FY26 Q2 39.9%
FY26 Q3 41.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Fair Isaac took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $2B
  2. Cost of revenue $354M · 17.8%
  3. Gross profit $1.6B · 82.2%
  4. Research and development $188M · 9.5%
  5. Selling, general and admin $513M · 25.8%
  6. Other operating costs $10.9M · 0.5%
  7. Operating income $925M · 46.5%
  8. Income tax $151M · 7.6%
  9. Interest and other $122M · 6.1%
  10. Net income $652M · 32.7%

Shares of revenue. Source: Fair Isaac's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Sept 2009 2010 Sept 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 631 606 620 676 743 789 839 881 932 1,032 1,160 1,295 1,317 1,377 1,514 1,718 1,991 2,394
Gross profit 424 425 433 478 514 540 568 616 645 720 823 933 984 1,075 1,203 1,369 1,637 2,037
EBITDA 155 144 152 190 195 195 171 201 218 206 285 326 531 563 657 747 940 1,250
Operating income 117 113 127 168 162 162 138 170 182 175 254 296 505 542 643 734 925 1,236
Net income 65 64 72 92 90 95 87 109 133 126 192 236 392 374 429 513 652 815
Diluted EPS $1.33 $1.42 $1.79 $2.55 $2.48 $2.72 $2.65 $3.39 $4.14 $4.06 $6.34 $7.90 $13.40 $14.18 $16.93 $20.45 $26.54 $34.47
Growth (year on year)
Revenue −15.3% −4.0% +2.3% +9.2% +9.9% +6.1% +6.3% +5.1% +5.8% +10.8% +12.4% +11.6% +1.7% +4.6% +9.9% +13.5% +15.9% +24.1%
EBITDA −4.1% −7.0% +5.0% +25.3% +2.6% −0.2% −11.9% +17.4% +8.5% −5.9% +38.7% +14.4% +62.7% +6.0% +16.8% +13.7% +25.7% +39.2%
Operating income −4.5% −2.9% +12.3% +32.2% −4.0% +0.2% −15.1% +23.3% +7.4% −3.7% +44.6% +16.7% +70.8% +7.3% +18.5% +14.1% +26.1% +39.7%
Net income −22.5% −1.0% +11.0% +28.6% −2.1% +5.3% −8.8% +26.5% +21.9% −5.2% +51.9% +23.1% +65.8% −4.7% +14.9% +19.4% +27.1% +28.8%
Diluted EPS −21.8% +6.8% +26.1% +42.5% −2.7% +9.7% −2.6% +27.9% +22.1% −1.9% +56.2% +24.6% +69.6% +5.8% +19.4% +20.8% +29.8% +34.9%
Margins
Gross margin 67.3% 70.1% 69.9% 70.7% 69.1% 68.4% 67.7% 69.9% 69.1% 69.7% 71.0% 72.1% 74.7% 78.1% 79.4% 79.7% 82.2% 85.1%
EBITDA margin 24.6% 23.8% 24.5% 28.1% 26.2% 24.7% 20.4% 22.8% 23.4% 19.9% 24.6% 25.2% 40.3% 40.9% 43.4% 43.5% 47.2% 52.2%
Operating margin 18.5% 18.7% 20.5% 24.9% 21.7% 20.5% 16.4% 19.2% 19.5% 17.0% 21.9% 22.9% 38.4% 39.4% 42.5% 42.7% 46.5% 51.7%
Net margin 10.3% 10.6% 11.5% 13.6% 12.1% 12.0% 10.3% 12.4% 14.3% 12.3% 16.6% 18.3% 29.8% 27.1% 28.4% 29.9% 32.7% 34.1%
Free-cash-flow margin 21.8% 14.6% 19.7% 15.4% 15.1% 20.6% 14.5% 21.4% 22.1% 18.6% 20.4% 26.5% 31.6% 36.6% 30.7% 36.3% 38.7% 41.6%
Cash flow
Cash from operations 152 106 136 130 136 175 147 210 226 223 260 365 424 509 469 633 779 1,002
Capital spending 14 17 14 25 24 13 25 22 20 31 24 22 8 6 4 9 9 6
Free cash flow 138 88 122 104 112 162 122 188 206 192 236 343 416 503 465 624 770 996
Stock-based pay 20 17 16 21 26 36 45 56 61 75 83 94 112 115 124 149 157 174
Free cash flow after stock pay 118 71 107 83 86 126 76 133 145 117 153 249 304 388 341 475 613 822
Balance sheet
Cash 178 146 136 72 83 105 86 76 106 90 106 157 195 133 137 151 134 248
Total debt 295 8 512 504 455 376 608 571 605 764 825 834 1,259 1,854 1,862 2,209 3,056 5,582
Net debt (negative = net cash) 117 −138 376 432 372 271 522 495 499 674 718 677 1,064 1,720 1,725 2,058 2,922 5,334
Diluted shares 49m 45m 40m 36m 36m 35m 33m 32m 32m 31m 30m 30m 29m 26m 25m 25m 25m 24m
Returned to shareholders
Dividends 4 4 3 3 3 3 3 2 1 0 0 — — — — — — —
Buybacks 19 196 91 191 83 217 131 138 188 343 229 235 874 1,104 406 822 1,415 3,594
Total returned 22 200 95 194 86 220 133 141 189 343 229 235 874 1,104 406 822 1,415 3,594

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · June 30, 2026
What it owns · $2.0bn
Short-term assets $882mLonger-term assets $1.2bn
What it owes, and who funded it · $6.1bn
Short-term liabilities $745mLonger-term liabilities $5.4bnShareholders' equity $-4.1bn
  • Short-term assets cover short-term liabilities $882m of assets due within a year against $745m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $882m short-term assets against $5.4bn of longer-dated liabilities.
  • More cash than debt $248m of cash against $5.6bn of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $1.0bn of operating cash flow against $5.6bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.2bn against $186m of interest.

From Fair Isaac's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$3.6B
Buybacks, last 3 fiscal years
$2.6B
Diluted share count
−4.5%
year over year
Total shareholder yield
23.0%
dividends 0.0% + buybacks 23.0% of market value
R&D spending
8.7%
of revenue
Sales & admin spending
24.3%
of revenue
Days sales outstanding
90 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated FICO TYL DBX VYX RNG PAYC Median
Revenue, last 12 months $2.4bn $2.5bn $2.5bn $2.5bn $2.6bn $2.1bn $482m
Revenue growth, last 12 months 24.1% 8.0% −0.0% −4.8% 5.5% 9.2% 12.0%
Revenue growth, 3-year average 17.6% 8.9% 1.5% −17.5% 6.7% 11.2% 11.1%
Revenue growth, latest quarter 25.7% 8.7% 0.9% −20.8% 5.9% 9.8% 11.9%
Gross margin 85.1% 47.7% 79.7% 20.5% 72.2% 83.7% 69.2%
Operating margin 51.7% 15.6% 26.6% 1.1% 7.5% 30.3% 1.1%
Operating margin, 3-year average 46.7% 14.8% 25.2% −1.6% 2.9% 30.4% −0.8%
Net margin 34.1% 13.5% 17.5% 3.0% 25.3% 22.8% 2.1%
Cash from operations / revenue 41.8% 30.5% 38.7% 5.3% 26.7% 37.4% 18.2%
Free-cash-flow margin 41.6% 29.9% 37.8% −1.1% 25.5% 26.9% 15.0%
Free-cash-flow margin, 3-year average 38.6% 27.3% 35.2% −5.9% 22.4% 20.9% 16.2%
Stock pay / revenue 7.3% 6.4% 12.0% 1.4% 9.2% 4.2% 9.3%
Change in share count −4.5% −3.6% −18.3% −0.8% −4.0% −7.1% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 24.1% 12.0% 40 of 184
Change in growth rate Growth +1.5pp +0.2pp 63 of 184
Gross margin Profitability 85.1% 69.8% 13 of 160
Operating margin Profitability 51.7% 1.1% 1 of 181
Net margin Profitability 34.1% 2.1% 8 of 185
Free-cash-flow margin Cash generation 41.6% 15.2% 4 of 180
Stock pay as % of revenue Cash generation 7.3% 9.3% 67 of 177
Long-term debt as % of assets Balance sheet 259.3% 16.9% 98 of 98
Change in share count Balance sheet -4.5% 1.7% 17 of 163
Days sales outstanding Balance sheet 90 days 57 days 125 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 30, 2025
Segments
Line of business Revenue Share YoY
Scores $1.2B 58.7% ▲ 27.1%
Software $822M 41.3% ▲ 3.1%
Products and services
Line of business Revenue Share YoY
Scores Products $1.2B 58.7% ▲ 27.1%
On Premises and Saa S Software $740M 37.2% ▲ 4.0%
Technology services $82.1M 4.1% ▼ 5.1%
Geography
Region Revenue Share YoY
Americas $1.7B 87.0% ▲ 19.5%
EMEA $160M 8.0% ▼ 5.7%
Asia Pacific $98.7M 5.0% ▲ 0.6%

From Fair Isaac's 10-K filed November 7, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$25.8B
Institutions reporting
843
Shares held vs prior quarter
▲ 1.2%
Positions opened / closed
107 / 108

Top buyers and sellers, Q2 2026: 373 institutions bought and 454 sold ; the biggest buyer was Capital International Investors (+539K shares) and the biggest seller Edgewood Management LLC (−195K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $2.5B 2.1M 9.7% ▼ 4.6%
Vanguard Capital Management LLC $1.8B 1.5M 6.8% ▼ 1.7%
Capital Research Global Investors $1.5B 1.3M 6.0% ▲ 15.9%
Vanguard Portfolio Management LLC $1.5B 1.3M 5.8% 0.0%
Capital International Investors $1.5B 1.2M 5.8% ▲ 75.9%
State Street Corp $1.3B 1.1M 4.9% ▲ 1.1%
Geode Capital Management, LLC $874M 732K 3.4% ▼ 0.8%
Capital World Investors $855M 716K 3.3% ▼ 2.3%
Valley Forge Capital Management, LP $803M 672K 3.1% ▼ 12.6%
Morgan Stanley $693M 580K 2.7% ▼ 4.1%
Principal Financial Group Inc $497M 416K 1.9% ▼ 1.7%
Kensico Capital Management Corp $446M 374K 1.7% ▼ 3.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Fair Isaac's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $10.6M 21 trades by 5 insiders · 28% under pre-set plans
Net ▼ $10.6M net selling
Insider Date Trade Shares Price Value
Manolis Eva Director July 29, 2026 Sell pre-set plan 967 $1400.00 $1.4M
Manolis Eva Director February 25, 2026 Sell pre-set plan 520 $1227.63 $638,368
Rees Joanna Director February 13, 2026 Sell 358 $1360.00 $486,880
Weber Steven P. Executive Vice President & CFO December 17, 2025 Sell 1,426 $1810.00 $2.6M
Manolis Eva Director December 12, 2025 Sell pre-set plan 521 $1825.83 $951,257
Mcmorris Marc F Director November 26, 2025 Sell 240 $1809.53 $434,287
Lansing William J President and CEO November 10, 2025 Sell 41 $1745.14 $71,551
Lansing William J President and CEO November 10, 2025 Sell 51 $1743.82 $88,935
Lansing William J President and CEO November 10, 2025 Sell 70 $1742.04 $121,943
Lansing William J President and CEO November 10, 2025 Sell 39 $1740.62 $67,884
Lansing William J President and CEO November 10, 2025 Sell 252 $1739.41 $438,333
Lansing William J President and CEO November 10, 2025 Sell 50 $1737.76 $86,888

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 9 trades and filings

In the last 12 months, 2 members of Congress disclosed 2 purchases and 3 sales of Fair Isaac shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded April 14, 2026, filed May 8, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded March 13, 2026, filed April 7, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded February 10, 2026, filed March 9, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around October 28, 2026 estimated from the company's past filing pattern, not announced

  • July 29, 2026
  • April 28, 2026
  • January 28, 2026
  • November 5, 2025
  • July 30, 2025
  • April 29, 2025

Recent SEC filings

Data status

When each part of this page on Fair Isaac was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Fair Isaac in brief

What does Fair Isaac do?
Fair Isaac is a US-listed company in the application software industry. Its financial year ends in September.
What is Fair Isaac's stock ticker?
Fair Isaac trades under the ticker FICO on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Fair Isaac's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Fair Isaac reported revenue of $2.4B, 24.1% higher than a year earlier, according to its SEC filings.
What is Fair Isaac's free cash flow?
Fair Isaac's free-cash-flow margin is 41.6% of revenue over the trailing twelve months, ranking 4 of the 180 application software companies we cover.
What is Fair Isaac's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Fair Isaac's free cash flow after stock-based pay gives ~$1300 per share in the base case, and ~$960–$1800 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Fair Isaac's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Capital Research Global Investors. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Fair Isaac buying back stock, and does it pay a dividend?
Fair Isaac spent $3.6B on share repurchases over the trailing twelve months, and its diluted share count fell 4.5% over the year.
What is Fair Isaac's market cap?
On November 2, 2026, Fair Isaac's market capitalisation was about $17.1B, with a price-to-earnings ratio of 21.0 and net debt of $5.3B. Market figures come from third-party market data and may be delayed.
Who are Fair Isaac's competitors?
In our Application Software peer group, the companies closest to Fair Isaac are Tyler Technologies Inc, Dropbox, Inc., NCR Voyix Corp, Ringcentral, Inc. and Paycom Software, Inc. The side-by-side comparison below sets their revenue, margins and growth against Fair Isaac's.
Are insiders buying or selling Fair Isaac stock?
Over the last 12 months, Fair Isaac's directors and officers reported 0 open-market purchases and 21 sales on Form 4. The insider trading page charts every trade.
When is Fair Isaac's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Fair Isaac announces its own schedule.