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Fair Isaac

FICO NYSE Application Software Financials FY2016–FY2025

Fair Isaac's revenue rose 15.9% to $2.0 billion in fiscal 2025. Its operating margin was 46.5%, up from 42.7% a year earlier. Free cash flow was $770 million, up 23.4%. It paid out $1.4 billion in dividends and buybacks, 184% of free cash flow. The diluted share count fell 2.1%.

Last close · Oct 23, 2026

$815.31

1.0%
Value it Compare
Revenue Total sales reported in the income statement.
$2.0B
15.9% vs prior year
Operating margin Operating income as a share of revenue.
46.5%
3.7 pts
Net income Profit after all expenses, interest and tax.
$652M
27.1%
Free cash flow Cash from operations minus capital spending.
$770M
23.4%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
65.6%
9.6 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$18.5B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
23.6x
On $34.62 EPS (TTM)

What Fair Isaac does

No business description yet.

Legal name
FAIR ISAAC CORP
Fiscal year ends
September 30, 2025
Latest annual report
—
Accession · CIK
0000814547-25-000030
0000814547

Revenue and margins

Fair Isaac had $2.0B of revenue in fiscal 2025, up 15.9% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 25.7% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $770M in fiscal 2025, 38.7% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Fair Isaac returned $1.4B to shareholders in fiscal 2025, 184% of free cash flow. The diluted share count fell 2.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Fair Isaac yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$2.9B and divides by 24.6M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 23.6x · peers 51.7x · sector 33.5x.

Balance sheet

Cash, debt and the ratios that show how comfortably Fair Isaac can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $195M$133M$137M$151M$134M
Debt incl. finance leases $750M$1.8B$1.8B$2.2B$3.1B
Net debt / EBITDA 1.0x3.0x2.6x2.8x3.1x
Interest coverage 12.6x7.9x6.7x6.9x6.9x
Current ratio 1.0x1.5x1.5x1.6x0.8x
Quick ratio 1.0x1.5x1.5x1.6x0.8x
Total assets $1.6B$1.4B$1.6B$1.7B$1.9B
Total liabilities $1.7B$2.2B$2.3B$2.7B$3.6B
Shareholders' equity −$111M−$802M−$688M−$963M−$1.7B
Net debt (− = net cash) $555M$1.7B$1.7B$2.1B$2.9B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$10.6M

5 insiders

Of sales under plans

28%

$2.9M

DateInsiderTradeSharesPriceValueFiling
Jul 29, 2026 Eva ManolisDirector Sold plan 967 $1,400.00 $1.4M Form 4
Feb 25, 2026 Eva ManolisDirector Sold plan 520 $1,227.63 $0.6M Form 4
Feb 13, 2026 Joanna ReesDirector Sold 358 $1,360.00 $0.5M Form 4
Dec 17, 2025 Steven P. WeberExecutive Vice President & CFO Sold 1,426 $1,810.00 $2.6M Form 4
Dec 12, 2025 Eva ManolisDirector Sold plan 521 $1,825.83 $1.0M Form 4
Nov 26, 2025 Marc F McMorrisDirector Sold 240 $1,809.53 $0.4M Form 4
Nov 10, 2025 William J LansingPresident and CEO, Director Sold 2,400 $1,732.88 $4.2M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✕
Current ratio rose ✓ ✓ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✓ ✓ ✓
F-score 9 / 98 / 97 / 9
Accruals ratio −2.6%−7.3%−7.1%
Altman Z'' 10.2210.8010.26

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Fair Isaac FICO $18.5B 15.9% 46.5% 38.7% 65.6% 23.6x 7
Dynatrace DT $18.8B 18.8% 12.2% 26.2% 9.0% 128.1x 4 Compare →
Unity Software U $17.9B 2.0% −25.9% 21.8% −10.3% — 5 Compare →
Pegasystems PEGA $6.1B 16.6% 15.1% 28.1% — 22.6x 6 Compare →
Tyler Technologies TYL $16.3B 9.1% 15.3% 27.3% 9.0% 51.7x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $881M $932M $1.0B $1.2B $1.3B $1.3B $1.4B $1.5B $1.7B $2.0B
Gross profit $616M $645M $720M $823M $933M $984M $1.1B $1.2B $1.4B $1.6B
Research and development $104M $111M $128M $150M $167M $171M $147M $160M $172M $188M
Operating income $170M $182M $175M $254M $296M $506M $542M $643M $734M $925M
Interest expense $26.6M $25.8M $31.3M $39.8M $42.2M $40.1M $69.0M $95.5M $106M $134M
Pretax income $145M $156M $157M $216M $257M $473M $471M $554M $642M $803M
Income tax $35.1M $22.9M $30.4M $23.9M $20.6M $81.1M $97.8M $124M $129M $151M
Net income $109M $133M $127M $192M $236M $392M $374M $429M $513M $652M
Diluted EPS $3.39 $4.14 $4.06 $6.34 $7.90 $13.40 $14.18 $16.93 $20.45 $26.54
Diluted shares 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.02B
Cash flow
Cash from operations $210M $226M $223M $260M $365M $424M $509M $469M $633M $779M
Capital expenditure $22.0M $19.8M $31.3M $24.0M $22.0M $7.6M $6.0M $4.2M $8.9M $8.9M
Free cash flow $188M $206M $192M $236M $343M $416M $503M $465M $624M $770M
Depreciation and amortization $31.6M $36.2M $30.2M $31.6M $30.4M $25.6M $20.5M $14.6M $13.8M $15.0M
Stock-based compensation $55.5M $61.2M $74.8M $83.0M $93.7M $113M $115M $124M $149M $157M
Acquisitions $5.7M $0.0M $0.0M $15.9M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $138M $188M $343M $229M $235M $874M $1.1B $406M $822M $1.4B
Dividends paid $2.5M $1.2M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $141M $189M $343M $229M $235M $874M $1.1B $406M $822M $1.4B
Balance sheet
Cash and short-term investments $75.9M $106M $90.0M $106M $157M $195M $133M $137M $151M $134M
Total debt $316M $244M $513M $485M $750M $750M $1.8B $1.8B $2.2B $3.1B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $5.3M $0.0M $0.0M $0.0M $10.4M $7.2M
Current assets $268M $311M $396M $456M $534M $551M $485M $556M $617M $705M
Current liabilities $246M $327M $474M $491M $415M $559M $332M $368M $380M $849M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $45.1M $40.7M $48.8M $53.0M $46.4M $27.9M $17.6M $11.0M $38.5M $67.7M
Total assets $1.2B $1.3B $1.3B $1.4B $1.6B $1.6B $1.4B $1.6B $1.7B $1.9B
Total liabilities $774M $829M $1.0B $1.1B $1.3B $1.7B $2.2B $2.3B $2.7B $3.6B
Shareholders' equity $481M $466M $287M $290M $331M −$111M −$802M −$688M −$963M −$1.7B
Margins
Gross margin 69.9% 69.2% 69.7% 71.0% 72.1% 74.8% 78.1% 79.5% 79.7% 82.2%
Operating margin 19.2% 19.5% 17.0% 21.9% 22.9% 38.4% 39.4% 42.5% 42.7% 46.5%
EBITDA margin 22.8% 23.4% 19.9% 24.6% 25.2% 40.3% 40.9% 43.4% 43.5% 47.2%
Net margin 12.4% 14.3% 12.3% 16.6% 18.3% 29.8% 27.1% 28.4% 29.9% 32.8%
FCF margin 21.4% 22.1% 18.6% 20.4% 26.5% 31.6% 36.6% 30.7% 36.3% 38.7%
Returns
Return on capital 17.7% 23.5% 21.5% 32.7% 34.1% 61.0% 64.5% 53.2% 56.0% 65.6%
Return on capital employed 17.3% 19.1% 19.6% 28.2% 27.7% 46.0% 51.2% 55.5% 57.7% 78.5%
Return on equity 23.8% 28.2% 33.6% 66.6% 76.2% 356.2% — — — —
Return on assets 8.9% 10.8% 9.8% 13.9% 15.6% 24.7% 24.8% 28.5% 31.1% 36.4%
Growth
Revenue growth 5.1% 5.8% 10.8% 12.4% 11.6% 1.7% 4.6% 9.9% 13.5% 15.9%
Net income growth 26.5% 21.9% −5.2% 51.9% 23.1% 65.9% −4.7% 15.0% 19.4% 27.1%
EPS growth 27.9% 22.1% −1.9% 56.2% 24.6% 69.6% 5.8% 19.4% 20.8% 29.8%
FCF growth 54.6% 9.3% −6.8% 23.3% 45.1% 21.4% 20.9% −7.7% 34.3% 23.4%
Share count change −0.9% −0.2% −3.3% −2.8% −1.2% −2.3% −10.0% −3.7% −1.1% −2.1%
Financial health
Net debt / EBITDA 1.2x 0.6x 2.1x 1.3x 1.8x 1.0x 3.0x 2.6x 2.8x 3.1x
Debt / equity 0.7x 0.5x 1.8x 1.7x 2.3x — — — — —
Interest coverage 6.4x 7.1x 5.6x 6.4x 7.0x 12.6x 7.9x 6.7x 6.9x 6.9x
Current ratio 1.1x 1.0x 0.8x 0.9x 1.3x 1.0x 1.5x 1.5x 1.6x 0.8x
Quick ratio 1.1x 1.0x 0.8x 0.9x 1.3x 1.0x 1.5x 1.5x 1.6x 0.8x
Capital allocation
Capex / revenue 2.5% 2.1% 3.0% 2.1% 1.7% 0.6% 0.4% 0.3% 0.5% 0.5%
Stock comp / revenue 6.3% 6.6% 7.3% 7.2% 7.2% 8.5% 8.4% 8.2% 8.7% 7.9%
Payouts / FCF 74.8% 91.8% 178.7% 96.8% 68.6% 210.0% 219.3% 87.3% 131.7% 183.7%
Quality scores
Piotroski F-score 8.0 7.0 6.0 9.0 8.0 7.0 7.0 9.0 8.0 7.0
Altman Z'' 5.6 5.6 5.1 5.7 6.5 7.4 9.5 10.2 10.8 10.3
Accruals ratio −8.2% −7.5% −7.5% −4.9% −8.5% −2.0% −9.0% −2.6% −7.3% −7.1%

Source: SEC EDGAR XBRL filings (CIK 0000814547). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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