Fair Isaac Corporation
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Range $700 – $1675
Price Chart
About the company
Fair Isaac Corporation, also known as FICO, delivers advanced analytics, software solutions, and data management services designed to help businesses optimize, automate, and interconnect their crucial decision-making processes. These offerings reach clients across the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The company operates through two main divisions: Software and Scores.
- CEO
- William J. Lansing
- IPO
- 1987
- Employees
- 3,876
- HQ
- Bozeman, MT, US
AI snapshot
Six angles, distilled from the data.
The stock is in a deep correction regime, trading well below its 200-day average after a long run-up from the 52-week low. That leaves the setup technically damaged, but still far above the low end of the yearly range, so the chart is more reset than broken.
Street sentiment stays constructive, with a Buy consensus and a $1,140.46 median target versus a $795.21 last close. Recent action is mixed but still supportive: several firms cut targets sharply, while most ratings were reiterated rather than downgraded, keeping the longer-term bias positive.
FICO has a strong beat history, with 6 of the last 7 quarters topping estimates and the latest quarter beating by 1.0%. Next-year EPS is still modeled higher at 49.2164 versus 34.54 TTM, so shareholders should watch whether software and scores growth can keep supporting that step-up.
Recent insider activity leans to net selling, but most of the prints are automatic M-exempt, award, or in-kind transactions rather than discretionary conviction trades. The only clear sale was Eva Manolis’ 967-share disposition, while the rest looks more like routine equity administration than a directional signal.
Profitability remains elite, led by an 85.1% gross margin, 53.79% operating margin, and 34.05% net margin. Growth is still solid too, with revenue up 25.7% year over year and earnings up 41.2%, while free cash flow of $787.7 million and a 4.56% FCF yield support the model.
FICO still screens as a premium application software name, with stronger margins than most peers and a valuation that reflects that quality. The tradeoff is leverage: $3.07 billion of debt against just $134.1 million of cash leaves less balance-sheet flexibility than many software peers.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $17.61B
- P/E
- 23.42
- Fwd P/E
- 16.67
- PEG
- 0.69
- P/S
- 7.36
- P/B
- -4.51
- EV/EBITDA
- 18.11
- Div Yield
- 0.00%
- Gross Margin
- 85.10%
- Op Margin
- 51.65%
- Net Margin
- 34.05%
- ROE
- -33.43%
- ROIC
- 59.42%
Latest fiscal year · YoY change
- Revenue
- $1.99B+15.9%
- Gross Profit
- $1.64B+19.6%
- Op Income
- $924.85M
- Net Income
- $651.95M+27.1%
- EPS
- $26.90+29.5%
- OCF Growth
- +23.0%
- FCF Growth
- +26.7%
- 52W High
- $1858.91
- 52W Low
- $586.05
- 50D MA
- $912.23
- 200D MA
- $1146.08
- Beta
- 1.34
- RSI (14)
- 52
- Avg Volume
- 684.58K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
FICO delivered a strong Q3 with 26% revenue growth, expanded margins and free cash flow, then raised full-year guidance despite a softer mortgage backdrop.· July 29, 2026
- Q3 revenue was $674 million, up 26% year over year; GAAP EPS was $10.45, up 41%, and non-GAAP EPS was $12.18, up 42%.
- Scores drove the quarter, with segment revenue of $459 million, up 41%; Software revenue was $215 million, up 2%, as platform growth offset weaker legacy revenue.
- Platform is now bigger than non-platform in ARR and revenue, with platform ARR up 62% to $413 million and platform revenue up 66% year over year.
- Management raised full-year guidance to $2.53 billion revenue, $850 million GAAP net income, and $979 million non-GAAP net income.
- Mortgage remains healthy but below historical norms; management continues to see gaming in lender choice and is still waiting on GSE approval for the direct licensing program.
FICO reported Q3 revenue of $674 million, up 26% from last year. GAAP net income was $237 million, up 30%, with GAAP EPS of $10.45, up 41%; non-GAAP net income was $277 million, up 31%, with non-GAAP EPS of $12.18, up 42%. Free cash flow was $370 million in the quarter and $961 million over the last four quarters, up 28%. Scores revenue was $459 million, up 41%, and Software revenue was $215 million, up 2%. Non-GAAP operating margin was 62%, up 479 basis points year over year. Full-year guidance was raised to revenue of $2.53 billion, GAAP net income of $850 million, GAAP EPS of $36.86, non-GAAP net income of $979 million, and non-GAAP EPS of $42.43. Management said Q4 operating expenses will be modestly higher than Q3 due to front-end loaded marketing for the Accenture partnership and some one-time restructuring charges, and Q4 interest expense should be higher because of the June $1.5 billion term loan.
Will Lansing framed the quarter as another strong one and emphasized that the company is increasing fiscal 2026 guidance. He highlighted strategic momentum in FICO Score 10T, UltraFICO, the mortgage direct licensing program, and the FICO Platform, while stressing that AI adoption and governed decisioning are creating long-term demand. His tone was confident but pragmatic: he repeatedly noted that mortgage is still under pressure from rates and affordability, but said the company is executing with discipline and sees continued growth opportunities beyond mortgage.
Steve Weber emphasized the mix of growth in Scores and platform-driven software metrics. He said Scores B2B revenue rose 49% year over year, or 59% when normalized for a prior-year insurance score renewal, with mortgage origination revenues up 97%; in Software, ACV bookings were $29 million, trailing-12-month ACV bookings were $128 million, up 39%, and total ARR was $816 million, up 10%, with platform ARR up 62% to $413 million. He also noted non-GAAP operating margin of 62%, cash and marketable investments of $305 million, total debt of $5.58 billion at a 5.64% weighted average interest rate, and said the near-term use of cash will be paying down debt before returning more capital via buybacks.
Analysts focused heavily on mortgage scoring dynamics, including VantageScore adoption, gaming, and the timing of the direct licensing program. Management said it is still waiting on certification from one GSE for the DLP to go live, that reseller agreements already cover about 60% of mortgage volume, and that there is strong interest in the performance model and funding fee component. On VantageScore, Will Lansing said the company is seeing gaming behavior in the market but not volume loss, and argued lenders pulling both scores to game the system can make Vantage additive rather than substitutive. Questions also probed software divergence and capital return; management said platform growth should keep accelerating, legacy migrations will continue, and buybacks are likely paused in the near term as cash is directed to debt reduction.
The quarter showed strong operating leverage, with revenue up 26%, EPS growth outpacing revenue, and non-GAAP margin expanding to 62%. Platform metrics were especially strong: platform ARR exceeded non-platform ARR for the first time, platform revenue grew 66%, and management said bookings, ARR, DBNRR and enterprise platform clients are all growing. Management also pointed to multiple catalysts ahead, including broader adoption of 10T, UltraFICO, the Accenture partnership, and the next-generation FICO Platform.
Mortgage remains the biggest macro headwind, with elevated rates and affordability challenges still weighing on originations and direct licensing still stuck waiting for GSE certification. Management openly acknowledged lender-choice gaming and said VantageScore adoption is tied to that behavior, which could complicate score economics and market structure. Software still has weakness in non-platform revenue from migrations and end-of-life products, and Q4 expenses and interest expense are both expected to be higher.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 96.8%
- Shares Outstanding
- 21.60M
- Float Shares
- 20.90M
of shares held by institutions
889 13F filers
Buy/sell ratio 0.88. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for FICO, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Alan ArmstrongSenate | Buy | Mar 27, 26 | Filing → |
| Michael T. McCaulHouse · TX10 | Sell | Apr 22, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Sell | Apr 14, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | Mar 13, 26 | Filing → |
| Josh GottheimerHouse · NJ05 | Sell | Feb 4, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Sell | Feb 10, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | Dec 19, 25 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Aug 26, 25 | Filing → |
| Josh GottheimerHouse · NJ05 | Sell | Jan 27, 25 | Filing → |
| Josh GottheimerHouse · NJ05 | Buy | Apr 29, 24 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Mar 20, 24 | Filing → |
| Kathy E. ManningHouse · NC06 | Sell | Aug 3, 22 | Filing → |
| Kathy E. ManningHouse · NC06 | Buy | Jul 20, 22 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 3.00M | ▼ 69.10K |
| Blackrock, Inc. | 2.09M | ▼ 101.65K |
| Vanguard Capital Management LLC | 1.48M | ▼ 25.07K |
| Capital Research Global Investors | 1.30M | ▲ 177.44K |
| Vanguard Portfolio Management LLC | 1.26M | ▼ 384 |
| Capital International Investors | 1.25M | ▲ 538.57K |
| State Street Corp | 1.05M | ▲ 11.00K |
| Geode Capital Management, LLC | 731.78K | ▼ 5.67K |
| Capital World Investors | 715.99K | ▼ 16.68K |
| Valley Forge Capital Management, LP | 672.19K | ▼ 97.16K |
| Morgan Stanley | 579.68K | ▼ 25.02K |
| Principal Financial Group Inc | 415.80K | ▼ 7.03K |
Held by 1,619 ETFs
Biggest fund positions in FICO by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 22, 26 | Stansbury Henry Tayloe | other | 91 |
| Aug 22, 26 | Stansbury Henry Tayloe | other | 91 |
| Aug 24, 26 | KELLY BRADEN R | other | 1,285 |
| Aug 24, 26 | KELLY BRADEN R | other | 1,386 |
| Aug 21, 26 | KELLY BRADEN R | other | 1,682 |
| Aug 21, 26 | KELLY BRADEN R | other | 1,682 |
| Aug 24, 26 | KELLY BRADEN R | other | 1,386 |
| Aug 24, 26 | KELLY BRADEN R | other | 1,285 |
| Jul 29, 26 | Manolis Eva | other | 967 |
| Jul 29, 26 | Manolis Eva | other | 967 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our FICO coverage
Recent articles, reports, and earnings notes.

Fair Isaac (FICO): Scores Growth Meets Balance-Sheet Risk
FICO posted 26% revenue growth and 41% EPS growth as Scores and platform ARR accelerated, but leverage remains the key risk. The stock earns a Buy on strong operating momentum, though valuation and debt keep the setup moderate-risk.

Fair Isaac Corporation (FICO) climbs on AI restructuring
Fair Isaac Corporation (FICO) climbs after unveiling an AI-led restructuring plan that includes cutting about 15% of positions and simplifying operations. The rally comes as investors weigh efficiency gains against new FHFA policy changes that broaden lender access to VantageScore 4.0 and challenge FICO’s mortgage scoring edge.

Fair Isaac Corporation (FICO) rises 8.8% on mortgage shift
Fair Isaac Corporation (FICO) rises sharply as investors react to a major mortgage credit-scoring policy change and heavy trading volume. The move comes after new loan-level pricing rules aligned Classic FICO and VantageScore 4.0, while analysts also reassessed the stock following a recent downgrade.
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FICO Holds $10 Pricing for Mortgage Lenders Amid New Competition
wsj.com · Oct 23
FICO Holds Mortgage Score Pricing at $10 for Lenders Enrolled in Preferred Program
businesswire.com · Oct 23
August Breaks UK Credit Card Record as Balances Soar
gurufocus.com · Oct 20
August Breaks UK Credit Card Record as Balances Soar
businesswire.com · Oct 20
Independent Industry Experts Named to Judge 2027 FICO Decision Awards
businesswire.com · Oct 14
Breakfast News: The Quarter in Charts
fool.com · Oct 10
Why Is Fair Isaac Corporation (NYSE: FICO) Stock Down 60% This Year?
defenseworld.net · Oct 10
Fair Isaac Corporation (FICO) Securities Investigation Notice - Levi & Korsinsky
gurufocus.com · Oct 7
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed October 22, 2026 · Live quote · Not investment advice