FirmAtlas
Company handbook · FICO · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
FICO · CIK 814547 · LATEST FILING: 10-Q JUN '26 · FILED JUL 29, 2026
Fair Isaac Corp
$771.19
+1.26 (+0.16%)
Close, Oct 16, 2026 · 52-week $586–1,859
Last fiscal year
Fair Isaac Corp reported revenue of $2.0B for the year ended Sep 30, 2025 (FY25), up 15.9% from FY24. Net income was $652M, operating cash flow $779M and free cash flow $770M. Source: 10-K filed Nov 7, 2025.
Market cap
$18.3B
P/E
22.5
EV/EBITDA
23.0x
P/B
n/m
ROIC
55.9%
Revenue 1Y
15.9%/yr
EPS 1Y
29.8%/yr
Shares 1Y
−3%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOWilliam J. Lansing
HQBozeman, MT
AuditorDeloitte & Touche LLP
Year endsSeptember
Revenue by segment · FY25
Scores59%
Software41%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
20.4%
13.5%
−4.5%
−52.4%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$2.3B deployed
Capex
$18M
0.8%
Buybacks
$2.2B
99.2%
Operating cash flow over the period: $1.4B. Total debt changed by +$1.2B. R&D of $360M is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Sep 30, 2025 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
1,718
1,991+15.9%
2,394
YoY
+15.9%
Gross profit
1,369
1,637+19.6%
2,037
Gross margin
79.7%
82.2%+2.5 pp
—
Operating income
734
925+26.1%
1,236
Operating margin
42.7%
46.5%+3.7 pp
—
EBITDA
747
940+25.7%
—
EBITDA margin
43.5%
47.2%+3.7 pp
—
Interest expense
106
134+26.5%
—
Interest coverage
7.08x
7.03x−0.04x
—
Net income
513
652+27.1%
815
YoY
+27.1%
Net margin
29.9%
32.7%+2.9 pp
—
EPS (diluted, $)
20.45
26.54+29.8%
34.72
YoY
+29.8%
Balance sheet
Total assets
1,718
1,868+8.7%
2,037
Cash & short-term investments
151
134−11.0%
—
Accounts receivable
427
529+24.0%
—
Net PP&E
38
68+76.0%
—
Other assets
1,102
1,137+3.2%
—
Total liabilities
2,681
3,614+34.8%
6,135
Accounts payable
22
32+43.8%
—
Total debt
2,224
3,455+55.4%
5,882
Other liabilities
434
126−70.9%
—
Shareholders’ equity
(963)
(1,746)n/m
(4,097)
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
633
779+23.0%
1,002
Net income
513
652+27.1%
—
Depreciation & amortization
14
15+8.1%
—
Stock-based compensation
149
157+4.8%
—
Working capital & other
(43)
(45)n/m
—
Cash from investing
(28)
(44)n/m
—
Capex
(9)
(9)n/m
—
Investments bought
(18)
(6)n/m
—
Investments sold / matured
16
2−86.3%
—
Other investing
(17)
(30)n/m
—
Cash from financing
(593)
(750)n/m
—
Debt raised
0
1,500n/m
—
Buybacks
(822)
(1,415)n/m
—
Shares issued
8
15+77.1%
—
Other financing
220
(851)−485.8%
—
Net change in cash
14
(17)−219.0%
—
Free cash flow (OCF − capex)
624
770+23.4%
996
Where the cash went
Operating cash flow
633
779+23.0%
1,002
Reinvested in the business
9
9+0.4%
—
% of operating cash flow
1.4%
1.1%
Capex
9
9+0.4%
6
R&D (memo, already in costs)
172
188+9.5%
—
Free cash flow
624
770+23.4%
996
YoY
+23.4%
Returned to shareholders
822
1,415+72.1%
—
% of free cash flow
131.7%
183.7%
Buybacks
822
1,415+72.1%
—
Change in total debt
—
1,231
—
Cash left over
—
587
—
FCF conversion (FCF ÷ net income)
121.7%
118.1%−3.6 pp
—
Owner earnings
—
565
—
Owner earnings margin
—
28.4%
—
Returns & ratios
ROIC (all capital)
52.8%
55.9%+3.2 pp
—
ROIC (operating)
132.4%
149.2%+16.8 pp
—
Net debt / EBITDA
2.77x
3.53x+0.76x
—
ROE
−53.3%
−37.3%+15.9 pp
—
ROA
29.9%
34.9%+5.0 pp
—
ROCE
54.8%
90.8%+35.9 pp
—
NOPAT
586
751+28.2%
—
Invested capital (operating)
443
565+27.5%
—
Invested capital (all)
1,111
1,575+41.8%
—
Reinvestment rate
—
16.2%
—
Net debt is 3.5x EBITDA (FY25).
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
516
512
692
674
vs year-ago quarter
Gross profit
425
425
600
587
Gross margin
82.3%
83.0%
86.8%
87.1%
Operating income
237
234
402
363
Net income
155
158
264
237
vs year-ago quarter
Net margin
30.1%
30.9%
38.2%
35.2%
EPS (diluted, $)
6.52
6.61
11.14
10.45
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
1,868
1,854
2,048
2,037
Cash & equivalents
134
162
219
248
Total debt
3,455
3,597
3,639
5,882
Shareholders’ equity
(1,746)
(1,808)
(2,102)
(4,097)
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
224
174
223
380
Capex
4
0.2
0.3
0.9
Free cash flow
219
174
223
380
vs year-ago quarter