Fair Isaac (FICO): financials, SEC filings and peers

Fair Isaac (FICO) is an application software company in the Information Technology sector of the S&P 500, headquartered in Bozeman, Montana.

It was founded in 1956 and joined the S&P 500 on March 20, 2023.

Its fiscal year ends in September, and its shares trade on the NYSE.

In its SEC filings it is classified as “Services-Business Services, NEC”.

Fair Isaac at a glance

Revenue (12 months): $2.5B
Revenue growth: +27.3%
Operating margin: 49.9%
Net income (12 months): $835M
Free cash flow (12 months): $1.1B
Cash: $218M
Debt: $5.3B
Diluted EPS (12 months): $36.40

Twelve months to September 30, 2026, from the 10-K filed November 6, 2026.

Latest twelve months

Over the twelve months to September 30, 2026, Fair Isaac reported revenue of $2.5 billion, up a strong 27.3% from $2.0 billion a year earlier.

Its operating margin was 49.9%, up 3.5 percentage points from a year earlier: for every $100 of sales, about $50 was left as operating profit.

Net income was $835 million (32.9% of revenue), 28.1% higher than a year earlier.

Operating cash flow was $1.1 billion and capital spending $2 million, leaving free cash flow of $1.1 billion (42.2% of revenue).

At the end of the period it held $218 million in cash and $5.3 billion in debt, a net debt position of $5.0 billion.

The diluted share count rose 257.0% in a year, which dilutes existing shareholders.

Five-year trend

Revenue went from $1.3 billion in fiscal 2021 to $2.5 billion in fiscal 2026, about 14.0% a year.
Revenue has grown for 5 fiscal years in a row.
Operating margin widened from 38.4% to 49.9% over the same years.
Free cash flow was positive in each of the last 6 fiscal years.

Fiscal year	2022	2023	2024	2025	2026
Revenue	$1.4B	$1.5B	$1.7B	$2.0B	$2.5B
Revenue growth	4.6%	9.9%	13.5%	15.9%	27.3%
Operating margin	39.4%	42.5%	42.7%	46.5%	49.9%
Net income	$374M	$429M	$513M	$652M	$835M
Free cash flow	$503M	$465M	$624M	$770M	$1.1B
Diluted EPS	$14.18	$16.93	$20.45	$26.54	$36.32

Fiscal years as reported in Fair Isaac’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-K filed November 6, 2026 — annual report
8-K filed November 4, 2026 — Earnings results
8-K filed October 6, 2026 — Restructuring costs
10-Q filed July 29, 2026 — quarterly report
8-K filed July 29, 2026 — Earnings results
8-K filed June 8, 2026 — Material agreement; New debt obligation
10-Q filed April 28, 2026 — quarterly report
8-K filed April 28, 2026 — Earnings results

All Fair Isaac filings on SEC EDGAR

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Questions about Fair Isaac

Is Fair Isaac's revenue growing?

Yes. Revenue for the twelve months to September 30, 2026 was $2.5 billion, up 27.3% from a year earlier, according to its SEC filings.

Is Fair Isaac profitable?

Yes. It earned $835 million in net income over the twelve months to September 30, 2026, a net margin of 32.9%.

Does Fair Isaac have more cash or more debt?

At September 30, 2026 it had $218 million in cash and $5.3 billion in debt, so more debt than cash.

When did Fair Isaac last file financial results?

Its latest annual report (10-K) was filed with the SEC on November 6, 2026.

Which companies are similar to Fair Isaac?

In the S&P 500, Fair Isaac is grouped in Application Software within the Information Technology sector. Adobe Inc. (ADBE), Autodesk (ADSK), Cadence Design Systems (CDNS), Salesforce (CRM), Datadog (DDOG) are in the same group.

Understand the numbers

Source: Fair Isaac’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.