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Creates the FICO credit score used by US lenders and sells decision-analytics/fraud software to banks and insurers.
Creates the FICO credit score used by US lenders and sells decision-analytics/fraud software to banks and insurers.
Credit bureaus pay it a fee each time a lender buys a FICO score, so the score earns per credit check rather than for software. Scores carry the company's profit, while software is sold to banks on subscription or licence terms.
Moat: wide (network effects, switching costs, brand). FICO Score is the de facto US lending standard baked into underwriting and securitization rules.
Headquarters: Bozeman, Montana, US · Founded: 1956
Size Fair Isaac (FICO) is a United States Information Technology company (Financial Publishing/Services) with a market value of $15.2B, the 592nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $704.55 on 6 Nov 2026.
Performance Over six months the shares fell 37.4%, against +25.6% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 24.1% over the last twelve months (peer median +16.8%); the operating margin is 52.1% (peer median 16.2%).
Valuation It trades at 15.7× forward earnings against a peer median of 19.6× (6th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 73.0 points above its cost of capital (10.0% WACC).
Backlog Backlog (remaining performance obligations) was $702M at 30 Sep 2026, up 7% on a year earlier — 0.3 years of trailing revenue. Backlog detail →
Credit Fair Isaac has 3 bonds outstanding ($3.40B), rated BB+ by the agencies and trading like BB- at a weighted spread of 246 bp.
Short interest Short interest is 11.2% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $2.39B | $2.53B | $1.99B | $1.72B | $1.51B |
| Revenue growth | — | +27% | +16% | +13% | — |
| Gross profit | $2.04B | $2.18B | $1.64B | $1.37B | $1.20B |
| EBITDA | $1.26B | $1.31B | $951M | $747M | $656M |
| Net income | $815M | $835M | $652M | $513M | $429M |
| Free cash flow | $939M | $1.07B | $739M | $607M | $465M |
| Capital expenditure | $40.7M | $37.7M | $39.4M | $25.6M | $4.24M |
| Total debt | $5.60B | $5.28B | $3.09B | $2.25B | $1.90B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Fair Isaac FICO | $15.2B | -37% | +24% | 52% | 15.7× | 7.3% |
| Equifax EFX | $22.2B | +8% | +11% | 19% | 20.9× | 16.9% |
| TransUnion TRU | $15.5B | +13% | +13% | 15% | 15.9× | 20.3% |
| Experian EXPN.L | $36.1B | +16% | +7% | 25% | 20.5× | 14.6% |
| ACI Worldwide ACIW | $6.06B | +32% | +7% | 19% | 22.9× | 11.8% |
| Pegasystems PEGA | $5.30B | -10% | +1% | 12% | 13.8× | 8.8% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FICO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.4% | -8.9% | 10th highest of 21 |
| 6-month return | -37.4% | +25.6% | 4th lowest of 21 |
| Distance from 52-week high | -62.1% | -25.0% | lowest of 21 |
| Revenue growth (TTM) | +24.1% | +16.8% | 8th highest of 21 |
| Operating margin | 52.1% | 16.2% | highest of 21 |
| Forward P/E | 15.7× | 19.6× | 6th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 7.3% | 19.5% | 5th least demanding of 17 |
| Growth delivered (Del g) | +14.0% | +13.2% | 8th highest of 17 |
| Hurdle (Req g minus delivered) | -6.7 pp | +5.6 pp | 5th least demanding of 17 |
| ROIC minus cost of capital | +73.0 pp | +1.4 pp | highest of 18 |
| EV / EBITDA | 16.1× | 26.5× | 7th cheapest of 18 |
| Net debt / EBITDA | 4.0× | 0.4× | 3rd most indebted of 19 |
| Bond spread | 246 bp | 112 bp | widest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fair Isaac FICO | United States | $15.2B | -37% | +24% | 52% | 15.7× | 7.3% | +14.0% |
| Zebra Technologies ZBRA | United States | $15.2B | +42% | +17% | 17% | 14.9× | 14.8% | +4.1% |
| Lattice Semiconductor LSCC | United States | $14.9B | -17% | +63% | 13% | 26.2× | n/a | n/a |
| Tower Semiconductor TSEM | United States | $15.6B | -35% | +22% | 19% | 21.6× | 25.9% | +4.4% |
| Check Point Software Technologies CHKP | United States | $14.7B | +25% | +3% | 28% | 13.4× | -1.7% | +5.7% |
| Manhattan Associates MANH | United States | $14.7B | +77% | +8% | 25% | 42.0× | 29.4% | +13.0% |
| NTNX NTNX | United States | $15.9B | +27% | +12% | 11% | 25.0× | 23.0% | +15.4% |
| DocuSign DOCU | United States | $14.5B | +62% | +9% | 12% | 15.9× | 12.9% | +17.2% |
| MACOM Technology Solutions MTSI | United States | $16.1B | -41% | +28% | 18% | 23.2× | 49.4% | +12.8% |
| IonQ IONQ | United States | $14.0B | -34% | +371% | -392% | n/a | n/a | n/a |
| Tempus AI TEM | United States | $13.9B | +53% | +37% | -18% | n/a | n/a | n/a |
| GoDaddy GDDY | United States | $13.9B | +26% | +7% | 26% | 12.9× | -2.2% | +8.4% |
| Tyler Technologies TYL | United States | $16.7B | +30% | +8% | 16% | 28.1× | 22.9% | +15.9% |
| CACI International CACI | United States | $13.6B | +27% | +10% | 10% | 17.6× | 7.3% | +9.6% |
| NVT NVT | United States | $17.2B | -38% | +48% | 18% | 16.4× | 16.2% | +14.3% |
| Bentley Systems BSY | United States | $13.5B | +36% | +13% | 24% | 31.4× | 22.8% | +13.4% |
| Circle Internet CRCL | United States | $17.3B | -40% | +26% | 13% | 68.1× | 23.2% | +52.7% |
| Guidewire Software GWRE | United States | $13.3B | +17% | +23% | 10% | 38.5× | 39.4% | +14.7% |
| TD SYNNEX SNX | United States | $17.4B | -9% | +24% | 3% | 9.3× | n/a | n/a |
| F5, Inc. FFIV | United States | $17.7B | -12% | +11% | 24% | 17.1× | 9.7% | +5.6% |
| Gen Digital GEN | United States | $17.7B | +32% | +17% | 43% | 9.6× | 1.8% | +14.4% |
Fair Isaac has 3 bonds outstanding with $3.40B face value. The agencies rate it BB+; its bonds trade like BB-. Weighted yield 7.12%, a spread of 246 bp over government bonds.
Fair Isaac reported $702M of remaining performance obligations at 30 Sep 2026, up 7% from a year earlier and up 3% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.03.