Fair Isaac Corporation FICO

Information TechnologySoftware & IT ServicesUnited States of America

Last close 711.23 USD on Nov 1, 2026, −57.9% year to date

Quant rating

Quant rating C Rank 241 of 389 in Information Technology

Growth B 105 of 389
Valuation A 32 of 389
Quality B 72 of 389
Revisions D 349 of 389
Momentum D 333 of 389

Wall Street consensus Buy (2.43)Average target 1,012.30 USD +42.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 15.4B
Enterprise value: 20.7B
52-week range: 586.41 – 1,857.98
3-year range: 586.41 – 2,382.40
Dividend yield: –
Beta (5 years): 1.39
Shares outstanding: 21.6M
Next earnings: Nov 4, 2026

About the company

Fair Isaac Corporation is an analytics software company. The Scores segment includes business-to-business (B2B) scoring solutions and services which give its clients access to predictive credit and other scores that can be easily integrated into their transaction streams and decision-making processes. This segment also includes its business-to-consumer (B2C) scoring solutions, including its myFICO.com subscription offerings. Its Software segment includes pre-configured analytic and decision management solutions designed for a specific type of business need or process-such as account origination, customer management, customer engagement, fraud detection and marketing-as well as associated professional services. This segment also includes FICO Platform, a modular software offering designed to support advanced analytic and decision use cases, as well as stand-alone analytic and decisioning software that can be configured by its customers to address a wide variety of business use cases.

Growth and profitability fiscal year ends September 30

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,991	1,718	1,514	1,377	1,317	–
Revenue growth	15.9%	13.5%	9.9%	4.6%	1.7%	9.0%
EPS (basic, normalized)	29.88	23.74	19.71	17.22	13.07	–
EPS growth	25.9%	20.4%	14.5%	31.8%	–	–
Gross margin	82.2%	79.7%	79.4%	78.1%	74.7%	78.8%
Net margin	32.7%	29.9%	28.4%	27.1%	29.8%	29.6%
ROE	–	–	–	–	356.2%	356.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	248
Current ratio	1.18x
Long-term debt (mil)	5,282
Net debt (mil)	5,334
Total equity (mil)	−4,097
Net debt / equity	−1.30x
Net debt / EBITDA	4.82x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	1,991	+15.9%	10.4x	1,107	+22.2%	18.7x	29.88	+25.9%	23.8x
2026	2,532	+27.2%	8.2x	1,547	+39.7%	13.4x	42.70	+42.9%	16.7x
2027	2,713	+7.1%	7.6x	1,684	+8.9%	12.3x	47.84	+12.0%	14.9x
2028	2,984	+10.0%	6.9x	1,868	+10.9%	11.1x	55.47	+16.0%	12.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	2,532	−0.4%	−0.6%	−0.5%	42.70	−0.6%	−1.0%	−0.2%
2027	2,713	−5.3%	−6.8%	−7.5%	47.84	−8.0%	−10.5%	−11.4%
2028	2,984	−6.6%	−8.5%	−7.0%	55.47	−11.0%	−14.3%	−13.9%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	434	448	454	440	499	536	516	512	692	674
Sales mean (mil)	426	445	448	452	500	515	513	501	630	679
Surprise	+1.9%	+0.5%	+1.3%	−2.7%	−0.2%	+4.1%	+0.5%	+2.1%	+9.8%	−0.7%
EPS reported	6.14	6.25	6.54	5.79	7.81	8.57	7.74	7.33	12.50	12.18
EPS mean	5.81	6.32	6.39	6.07	7.44	7.70	7.34	7.06	10.98	11.74
Surprise	+5.7%	−1.1%	+2.4%	−4.6%	+5.0%	+11.3%	+5.4%	+3.8%	+13.9%	+3.8%

Peer comparison Software & IT Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
FICO Fair Isaac Corporation	15.4B	4.82x	32.7%	−3.75x	16.7x	14.9x	13.4x	12.3x
IBM International Business Machines Corp	243.7B	2.78x	17.4%	6.86x	20.8x	19.4x	14.6x	13.7x
CRM Salesforce, Inc.	188.6B	1.57x	18.0%	4.91x	13.7x	14.3x	11.1x	10.3x
ACN Accenture PLC	152.6B	−0.07x	11.3%	4.87x	17.6x	16.2x	10.1x	9.6x
ADBE Adobe Inc	97.4B	0.06x	30.0%	8.32x	10.2x	9.0x	7.6x	7.1x
CTSH Cognizant Technology Solutions Corporation	29.1B	0.00x	12.4%	1.98x	11.3x	10.4x	7.1x	6.7x
Mean		1.53x	20.3%	3.87x	15.0x	14.0x	10.6x	9.9x
Median		0.82x	17.7%	4.89x	15.2x	14.6x	10.6x	9.9x

Technical analysis

1M−15.4%
3M−46.8%
1Y−57.3%
3Y−16.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Fair Isaac Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	1,991	1,718	1,514	1,377	1,317	1,295
Cost of revenue	354	348	311	302	332	361
Gross profit	1,637	1,369	1,203	1,075	984	933
Selling, general & administrative expenses	513	463	401	384	396	421
Research & development	188	172	160	147	171	166
Depreciation/amortization	0	0.9	1.1	2.1	3.3	5.0
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	10.9	0	−1.9	0	−92.2	45.0
Other operating expenses	0	0	0	0	0	0
Operating income	925	734	643	542	505	296
Net interest income (expense)	−134	−106	−95.5	−69.0	−40.1	−42.2
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	11.4	14.0	6.3	−2.1	7.7	3.2
Net income before taxes	803	642	554	471	473	257
Provision for taxes	151	129	124	97.8	81.1	20.6
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	652	513	429	374	392	236
Extraordinary items	–	–	–	–	–	0
Net income	652	513	429	374	392	236
EBIT, normalized	936	734	641	542	413	341
EBITDA, normalized	946	744	652	560	437	369
Basic EPS, normalized	29.88	23.74	19.71	17.22	13.07	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Fair Isaac Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	134	151	137	133	195	157
Receivables	529	427	388	322	312	334
Total inventory	–	–	–	–	–	–
Prepaid expenses	41.9	40.1	31.7	29.1	43.5	42.5
Other current assets	0	0	0	0	0	0
Total current assets	705	617	556	485	551	534
Property, plant & equipment	93.9	68.0	36.7	54.3	75.2	104
Goodwill	783	783	773	761	788	812
Intangibles	–	0	0.9	2.0	4.1	9.2
Long-term investments	54.6	45.3	34.2	25.6	33.2	26.6
Note receivable	37.2	42.6	45.7	42.1	–	–
Other long-term assets	194	162	128	72.2	116	120
Total assets	1,868	1,718	1,575	1,442	1,568	1,606
Liabilities
Accounts payable	32.3	22.5	19.0	17.3	20.7	23.0
Payable/accrued	–	–	–	–	–	–
Accrued expenses	227	183	162	164	183	179
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	403	18.1	50.0	30.0	250	97.2
Other current liabilities	187	157	137	120	105	115
Total current liabilities	849	380	368	331	559	415
Long-term debt	2,660	2,201	1,812	1,824	1,009	743
Minority interest	–	–	–	–	–	–
Other liabilities	105	99.0	83.9	88.9	110	118
Total liabilities	3,614	2,681	2,263	2,244	1,679	1,275
Shareholders' equity
Preferred stock	0	–	0	0	0	0
Common stock	0.2	0.2	0.2	0.3	0.3	0.3
Additional paid-in capital	1,331	1,367	1,351	1,300	1,237	1,219
Retained earnings (accumulated deficit)	4,553	3,901	3,388	2,959	2,585	2,193
Treasury stock	−7,538	−6,139	−5,325	−4,936	−3,858	−2,998
Other equity	−92.0	−91.6	−102	−125	−75.9	−83.0
Total equity	−1,746	−963	−688	−802	−111	331
Total liabilities & shareholders' equity	1,868	1,718	1,575	1,442	1,568	1,606

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Fair Isaac Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	652	513	429	374	392	236
Depreciation, depletion & amortization	15.0	13.8	14.6	20.5	25.6	30.4
Deferred taxes	−32.5	−27.3	−47.4	7.8	−6.0	−8.6
Non-cash items	163	154	136	144	24.8	148
Changes in working capital	−18.5	−20.5	−63.4	−35.9	−12.7	−41.3
Cash from operations	779	633	469	509	424	365
Investing activities
Capital expenditures	−39.4	−25.6	−10.4	−6.0	−7.6	−22.0
Other investing cash flows	−4.3	−2.4	−5.6	0.4	145	−2.6
Cash from investing	−43.7	−28.0	−16.0	−5.7	138	−24.6
Financing activities
Financing cash flow items	−222	−140	−76.7	−59.8	−93.1	−110
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−529	−453	−378	−487	−430	−180
Cash from financing	−750	−593	−455	−547	−524	−289
Foreign exchange effects	−1.3	1.8	5.6	−18.8	−0.1	0.1
Net change in cash	−16.5	13.9	3.6	−62.2	38.0	51.0
Free cash flow	739	607	459	503	416	343

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.