FAIR ISAAC CORP

10-K & 10-Q Filings

Fair Isaac Corporation, also known as FICO, is a leading applied analytics company founded in 1956. The company specializes in solutions that help businesses operationalize analytics to uncover new opportunities, make timely decisions, and execute them at scale. FICO's business strategy focuses on predictive modeling, decision analysis and optimization, transaction profiling, and customer data integration. The company operates in two segments: Scores and Software. The Scores segment includes business-to-business (B2B) scoring solutions and services, primarily the FICO Score, which is the standard measure of consumer credit risk in the U.S. FICO Scores are distributed through major consumer reporting agencies and are used in most U.S. credit decisions. The company also offers various custom scores for financial services clients and scores for consumers through its myFICO.com subscription offerings. The Software segment includes pre-configured analytic and decision management solutions designed for specific business needs or processes, such as account origination, customer management, fraud detection, and marketing. FICO Platform, a modular software offering, is used to support advanced analytic and decision use cases. The company sells its software primarily as analytic and decisioning software or pre-configured solutions. FICO's software offerings are used in various industries, including banking, insurance, retail, healthcare, and public agencies. The company's largest market segment is financial services, representing 91% of its total revenue, and its largest geographic market is the Americas, representing 85% of its total revenue. The competition in the market includes both outside suppliers and in-house analytics, as well as various software companies and professional services organizations. FICO protects its proprietary rights through a combination of patent, copyright, trademark, and trade secret laws and confidentiality agreements. The company's website is www.fico.com, and its ticker symbol is FICO on the New York Stock Exchange.

12 mos ending Sep 30, 201212 mos ending Sep 30, 201312 mos ending Sep 30, 201412 mos ending Sep 30, 201512 mos ending Sep 30, 201612 mos ending Sep 30, 201712 mos ending Sep 30, 201812 mos ending Sep 30, 201912 mos ending Sep 30, 202012 mos ending Sep 30, 202112 mos ending Sep 30, 202212 mos ending Sep 30, 20236 mos ending Mar 31, 20236 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$676.42
743.44
788.99
838.78
881.36
932.17
1032.47
1160.08
1294.56
1316.54
1377.27
1513.56
725.14
815.87
7.60%12.51%Cost of Revenue (-)
$197.95
229.47
249.28
270.54
265.17
287.12
310.70
336.85
361.14
332.46
302.17
311.05
156.38
170.41
4.19%8.97%Gross Profit (+)
$478.48
513.98
539.70
568.25
616.18
645.05
721.78
823.24
933.42
984.07
1075.10
1202.50
568.76
645.46
8.74%13.49%Selling, General & Administrative (-)
$238.52
268.39
278.20
300.00
328.94
339.80
380.36
414.09
420.93
396.28
383.86
400.56
193.15
215.20
4.83%11.41%Research & Development (-)
$59.53
66.97
83.44
98.82
103.67
110.87
128.38
149.48
166.50
171.23
146.76
159.95
76.90
83.52
9.40%8.60%Depreciation & Amortization (-)
$6.94
13.54
11.92
13.67
13.98
12.71
6.59
6.13
4.99
3.25
2.06
1.10
0.55
0.55
-15.42%0.00%Non-recurring Operating Expenses (-)
$
45.03
7.96
Operating Expenses (-)
$310.12
348.90
373.55
430.74
446.59
463.38
515.34
569.69
637.45
478.58
532.68
559.67
270.60
299.26
5.51%10.59%Costs & Expenses (Total) (-)
$508.06
581.85
627.12
701.28
711.76
754.97
826.04
906.53
998.59
811.05
834.86
870.73
425.04
469.67
5.02%10.50%Operating Income/Loss (+)
$168.36
161.59
161.87
137.50
169.59
177.20
206.44
253.55
295.97
505.49
542.41
642.83
300.10
346.20
12.95%15.36%Non-operating Income/Expense (+)
$-0.38
0.67
-0.19
0.88
1.61
-0.09
12.88
2.28
3.21
7.75
-2.14
6.34
1.97
7.38
274.76%Interest Expense (-)
$31.73
30.28
28.55
29.15
26.63
25.79
31.31
39.75
42.18
40.09
68.97
95.55
46.70
50.26
10.54%7.62%Earnings before Tax (+)
$136.24
131.98
133.13
109.24
144.57
151.32
188.01
216.07
257.00
473.14
471.31
553.62
255.37
303.32
13.59%18.78%Tax Expense (-)
$44.24
41.89
38.25
22.74
35.12
23.07
45.59
23.95
20.59
81.06
97.77
124.25
56.18
52.46
9.84%-6.62%Income/Loss (Continuing Operations) (+)
$92.00
90.09
94.88
86.50
109.45
128.26
142.41
192.12
236.41
392.08
373.54
429.38
199.19
250.86
15.03%25.94%Net Income/Loss (+)
$92.00
90.09
94.88
86.50
109.45
128.26
142.41
192.12
236.41
392.08
373.54
429.38
199.19
250.86
15.03%25.94%Net Income/Loss (Common) (+)
$92.00
90.09
94.88
86.50
109.45
128.26
142.41
192.12
236.41
392.08
373.54
429.38
199.19
250.86
15.03%25.94%EPS (Basic)
$2.64
2.55
2.80
2.75
3.52
4.16
4.79
6.63
8.13
13.65
14.34
17.18
7.94
10.12
18.56%27.46%EPS (Diluted)
$2.55
2.48
2.72
2.65
3.39
3.98
4.57
6.34
7.90
13.40
14.18
16.93
7.83
9.96
18.78%27.20%Weighted Avg Shares (Basic)
34.91
35.33
33.87
31.40
31.13
30.86
29.71
28.98
29.07
28.73
26.04
24.99
25.08
24.79
-2.99%-1.15%Weighted Avg Shares (Diluted)
36.06
36.29
34.86
32.61
32.31
32.24
31.18
30.29
29.93
29.26
26.35
25.37
25.43
25.19
-3.15%-0.96%Cash
$71.61
83.18
105.08
86.12
75.93
105.62
90.02
106.43
157.39
195.35
133.20
136.78
137.77
135.67
6.06%-1.53%Short-term Investments
$22.01
Receivables
$142.59
143.73
155.29
158.77
167.79
168.59
208.87
297.43
334.18
312.11
322.41
387.95
338.24
469.02
9.53%38.67%Prepaid Expenses (Current)
$23.11
22.28
28.16
41.71
23.93
36.73
39.62
51.85
42.50
43.51
29.10
31.72
45.32
36.78
2.92%-18.84%Assets (Current)
$259.32
249.19
288.53
286.60
267.64
310.93
338.51
455.71
534.08
550.97
484.71
556.45
521.33
641.47
7.19%23.05%Securities & Long-term Investments
$16.50
18.14
19.78
20.52
11.02
25.52
33.20
25.65
34.24
30.81
42.66
6.86%38.45%Property, Plant & Equipment (Net)
$41.08
45.16
36.68
38.21
45.12
40.70
48.84
53.03
104.07
75.19
54.27
36.67
43.30
55.51
-1.03%28.19%Goodwill & Intangibles
$809.80
831.29
827.84
862.07
832.03
825.60
815.43
817.68
821.60
792.28
763.08
774.24
775.80
776.74
-0.41%0.12%Other Assets
$31.90
17.77
19.47
22.76
65.24
52.87
52.30
107.03
146.49
116.13
114.32
173.68
131.19
186.74
16.65%42.34%Assets (Non-current)
$899.29
912.36
903.77
943.56
953.41
944.69
916.57
977.74
1072.16
1016.80
957.32
1018.83
981.11
1061.64
1.14%8.21%Assets (Total)
$1158.61
1161.55
1192.30
1230.16
1221.05
1255.62
1255.08
1433.45
1606.24
1567.78
1442.03
1575.28
1502.43
1703.12
2.83%13.36%Accounts Payable
$112.65
93.70
114.88
105.18
121.95
129.22
135.00
161.81
204.35
203.79
181.41
180.96
147.93
156.58
4.40%5.84%Debt (Current)
$49.00
23.00
170.00
92.00
77.00
142.00
235.00
218.00
95.00
250.00
30.00
50.00
107.00
15.00
0.18%-85.98%Other Liabilities (Current)
$47.96
49.18
56.52
46.70
47.13
55.43
52.22
111.02
115.16
105.42
120.05
136.73
118.35
143.54
9.99%21.29%Liabilities (Current)
$209.60
165.88
341.40
243.88
246.08
326.65
422.21
490.83
414.51
559.21
331.46
367.69
373.28
315.12
5.24%-15.58%Debt (Non-current)
$455.00
447.00
376.00
516.00
494.00
462.80
528.94
606.79
739.43
1009.02
1823.67
1811.66
1817.66
2028.65
13.38%11.61%Other Liabilities
$19.60
17.99
20.28
33.29
34.15
39.63
40.18
46.06
121.21
110.49
88.85
83.92
82.28
95.00
14.14%15.46%Liabilities (Non-current)
$474.60
464.99
396.28
549.29
528.15
502.43
569.13
652.85
860.65
1119.51
1912.52
1895.58
1899.95
2123.66
13.42%11.77%Liabilities (Total)
$684.21
630.87
737.68
793.16
774.22
829.08
991.34
1143.68
1275.16
1678.72
2243.98
2263.27
2273.22
2438.78
11.49%7.28%Treasury Stock
$1718.57
1751.06
1936.10
2033.64
2136.76
2301.10
2612.01
2802.45
2997.86
3857.86
4935.77
5324.86
5110.42
5558.81
10.83%8.77%Retained Earnings
$1104.83
1192.10
1284.26
1368.26
1475.21
1598.39
1740.81
1956.65
2193.06
2585.14
2958.68
3388.06
3157.88
3638.92
10.72%15.23%AOCI
$-15.81
-20.91
-23.19
-50.72
-77.01
-66.49
-76.41
-90.08
-83.00
-75.85
-124.70
-102.14
-99.77
-97.60
2.18%Shareholder's Equity
$474.41
530.68
454.61
437.00
446.83
426.54
263.74
289.77
331.08
-110.94
-801.95
-687.99
-770.79
-735.66
4.56%Liabilities & Equity
$1158.61
1161.55
1192.30
1230.16
1221.05
1255.62
1255.08
1433.45
1606.24
1567.78
1442.03
1575.28
1502.43
1703.12
2.83%13.36%Net Income/Loss
$92.00
90.09
94.88
86.50
109.45
128.26
142.41
192.12
236.41
392.08
373.54
429.38
199.19
250.86
15.03%25.94%Depreciation & Amortization
$21.55
33.21
32.63
33.89
31.63
36.21
30.18
31.61
30.37
41.69
36.39
14.64
15.91
6.18
-3.45%-61.16%Increase/Decrease in Working Capital
$-3.92
13.92
-26.48
27.73
-13.48
-4.35
39.49
55.47
41.31
12.74
35.91
63.45
68.39
119.16
74.23%Share-based Compensation
$21.23
25.85
36.36
45.31
55.51
61.22
74.81
82.97
93.68
112.46
115.36
123.85
56.76
67.02
17.39%18.09%Adjustments to Reconcile Net Income
$37.74
46.03
80.16
46.48
75.78
97.39
80.64
68.23
128.50
31.73
135.91
39.54
-16.95
-57.71
0.42%-240.49%Net Cash (Operating)
$129.75
136.12
175.03
132.98
185.23
225.64
223.05
260.35
364.92
423.82
509.45
468.92
182.24
193.16
12.39%5.99%Capital Expenditure
$149.11
57.02
19.84
81.99
27.65
19.83
31.30
39.84
21.99
-139.86
3.77
4.24
2.38
5.40
-27.65%127.30%Net Cash (Investing)
$-65.67
-34.97
-19.84
-81.92
-27.61
-20.61
-14.12
-42.76
-24.58
137.85
-5.67
-15.95
-11.89
-12.04
-1.29%Increase/Decrease in Debt
$-13.47
-37.68
76.00
62.00
-37.00
34.00
165.00
59.06
13.28
422.82
600.75
5.00
69.50
180.50
159.71%Increase/Decrease in Equity
$-120.26
-52.50
-210.48
-112.46
-120.57
-173.16
-339.42
-206.11
-199.81
-854.79
-1096.97
-383.33
-169.07
-228.54
-35.17%Interest Expenses
$31.42
31.01
28.21
30.47
26.88
26.08
26.11
39.92
37.73
37.95
57.21
96.88
46.80
50.33
10.78%7.54%Dividends Paid
$2.80
2.82
2.71
2.51
2.49
1.24
Net Cash (Financing)
$-128.45
-86.63
-130.39
-58.63
-164.98
-180.63
-218.63
-200.05
-289.42
-523.57
-547.16
-455.00
-173.25
-183.22
-5.76%Cash Taxes Paid
$36.85
24.14
22.37
33.75
10.86
31.32
13.40
18.78
10.15
71.02
64.24
152.14
72.80
53.76
13.76%-26.16%Effect of Exchange Rate
$0.23
-2.95
-2.90
-11.38
-2.83
5.28
-5.90
-1.14
0.06
-0.14
-18.77
5.62
7.46
1.00
33.50%-86.64%Increase/Decrease in Cash
$-64.14
11.57
21.90
-18.95
-10.19
29.69
-15.60
16.40
50.97
37.96
-62.15
3.58
4.57
-1.11
-124.32%Cash (Beginning)
$135.75
71.61
83.18
105.08
86.12
75.93
105.62
90.02
106.43
157.39
195.35
133.20
133.20
136.78
-0.17%2.68%Cash (Ending)
$71.61
83.18
105.08
86.12
75.93
105.62
90.02
106.43
157.39
195.35
133.20
136.78
137.77
135.67
6.06%-1.53%NOPAT
$122.82
132.04
134.67
95.02
156.86
140.53
191.73
231.51
284.28
429.61
468.48
466.18
214.55
284.84
12.89%32.76%Gross Margin %
70.74%
69.13%
68.40%
67.75%
69.91%
69.20%
69.91%
70.96%
72.10%
74.75%
78.06%
79.45%
78.44%
79.11%
Operating Margin %
24.89%
21.74%
20.52%
16.39%
19.24%
19.01%
19.99%
21.86%
22.86%
38.40%
39.38%
42.47%
41.39%
42.43%
NOPAT Margin %
18.16%
17.76%
17.07%
11.33%
17.80%
15.08%
18.57%
19.96%
21.96%
32.63%
34.02%
30.80%
29.59%
34.91%
Net Margin %
13.60%
12.12%
12.03%
10.31%
12.42%
13.76%
13.79%
16.56%
18.26%
29.78%
27.12%
28.37%
27.47%
30.75%
Tax Rate %
27.05%
18.29%
16.80%
30.90%
7.51%
20.69%
7.13%
8.69%
3.95%
15.01%
13.63%
27.48%
28.51%
17.72%
ROA
10.60%
11.37%
11.30%
7.72%
12.85%
11.19%
15.28%
16.15%
17.70%
27.40%
32.49%
29.59%
14.28%
16.72%
ROE
25.89%
24.88%
29.62%
21.74%
35.10%
32.95%
72.70%
79.90%
85.86%
-387.24%
-58.42%
-67.76%
-27.83%
-38.72%
ROIC
12.96%
13.22%
13.69%
9.00%
15.70%
13.94%
18.41%
20.87%
24.30%
39.12%
44.17%
41.70%
20.09%
23.91%
Asset Turnover
0.58
0.64
0.66
0.68
0.72
0.74
0.82
0.81
0.81
0.84
0.96
0.96
0.48
0.48
Equity Multiplier
2.44
2.19
2.62
2.82
2.73
2.94
4.76
4.95
4.85
-14.13
-1.80
-2.29
-1.95
-2.32
Current Ratio
1.24
1.50
0.85
1.18
1.09
0.95
0.80
0.93
1.29
0.99
1.46
1.51
1.40
2.04
Quick Ratio
1.13
1.37
0.76
1.00
0.99
0.84
0.71
0.82
1.19
0.91
1.37
1.43
1.28
1.92
Debt/Equity Ratio
1.06
0.89
1.20
1.39
1.28
1.42
2.90
2.85
2.52
-11.35
-2.31
-2.71
-2.50
-2.78
Interest Coverage Ratio
5.36
5.21
5.74
4.51
6.31
6.79
7.91
6.35
7.84
13.32
9.48
6.64
6.41
6.88
Working Capital/Sales
0.14
0.16
0.15
0.19
0.14
0.15
0.17
0.21
0.19
0.18
0.18
0.20
0.34
0.44
R&D/Sales
0.09
0.09
0.11
0.12
0.12
0.12
0.12
0.13
0.13
0.13
0.11
0.11
0.11
0.10
Dividend Payout Ratio %
2.28%
2.14%
2.02%
2.64%
1.59%
0.88%
Total Payout
$167.95
124.01
165.41
83.44
186.94
166.48
200.53
186.97
224.26
469.92
553.43
475.21
146.37
98.37
9.92%-32.80%Payout Ratio %
136.75%
93.92%
122.82%
87.81%
119.18%
118.46%
104.59%
80.76%
78.89%
109.38%
118.13%
101.94%
68.22%
34.53%