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Fair Isaac

FICO on NYSE. Fair Isaac sells credit scoring software and scores to banks, lenders, and businesses. Market value $14.9bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to September 2025.

Should I look at this?

Worth a closer look

Why it could be worth it

What to watch out for

Nothing big in our quick check. See what could go wrong below.

Read what could go wrong

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
6.5%high

For every $100 of what the whole company costs, it produced $6.45 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
16.4×full

You pay 16.4 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to September 2025
49.0%five-year median

Each dollar kept in the business earns 49 cents a year. Above 10 is good.

Quality score: 80 of 100. Price score: 88 of 100. Our list needs 70 on quality and 60 on price.

$689.61 a share, 18% above its 1-year low

Over the past year the price has ranged from $586.05 to $1,886.28.

Pays no dividend

Prices from Monday’s close (5 October).

Five years of cash, in billions

0.4
0.5
0.5
0.6
0.7
1.0
2021202220232024202512 monthsto Jun '26
Revenue
$1.3bn$1.4bn$1.5bn$1.7bn$2.0bn
Operating margin
38.4%39.4%42.5%42.7%46.5%
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.03bn0.02bn0.02bn0.02bn0.02bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Nothing unusual
  • Financial strength (Piotroski)7 of 9
  • Profit backed by cash (accruals)Yes
  • DebtUnknown
  • Revenue growth, five yearsSlow, 9.0% a year
  • Buying back its own sharesYes, 14% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $674 million last quarter, up 26% on a year ago.
  • Profit: $237 million, up 30% on a year ago.
  • It keeps 52 cents of each $1 of sales as operating profit, up from 46 cents a year earlier.
  • Spare cash over the past 12 months: $961 million, up from $748 million.
  • 8% fewer shares than a year ago. Each share owns a bit more of the company.
  • Debt is $5.3 billion more than cash, up from $2.6 billion a year ago.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$454m
December 2024$440m
March 2025$499m
June 2025$536m
September 2025$516m
December 2025$512m
March 2026$692m
June 2026$674m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$136m
December 2024$153m
March 2025$163m
June 2025$182m
September 2025$155m
December 2025$158m
March 2026$264m
June 2026$237m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
4 November 2026
Last annual report (10-K)
7 November 2025
Next quarterly (estimated, 10-Q)
28 October 2026

Who owns it

12 long-term investors we follow own it, up from 11 last quarter. 844 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 5 sold $20m, $13m of it under preset trading plans.

  • Manolis Eva
    Director
    Sold
    under a preset trading plan
    Date
    29 July 2026
    Shares
    967
    Price
    $1400.00
    Value
    $1m
  • Manolis Eva
    Director
    Sold
    under a preset trading plan
    Date
    25 February 2026
    Shares
    520
    Price
    $1227.63
    Value
    $638,368
  • Rees Joanna
    Director
    Sold
    Date
    13 February 2026
    Shares
    358
    Price
    $1360.00
    Value
    $486,880
  • Weber Steven P.
    Executive Vice President & CFO
    Sold
    Date
    17 December 2025
    Shares
    1,426
    Price
    $1810.00
    Value
    $3m
  • Manolis Eva
    Director
    Sold
    under a preset trading plan
    Date
    12 December 2025
    Shares
    521
    Price
    $1825.83
    Value
    $951,257
  • MCMORRIS MARC F
    Director
    Sold
    Date
    26 November 2025
    Shares
    240
    Price
    $1809.53
    Value
    $434,287
  • LANSING WILLIAM J
    President and CEO, Director
    Sold
    Date
    10 November 2025
    Shares
    2,400
    Price
    $1732.88
    Value
    $4m
  • LANSING WILLIAM J
    President and CEO, Director
    Sold
    under a preset trading plan
    Date
    14 October 2025
    Shares
    1,069
    Price
    $1650.17
    Value
    $2m
  • LANSING WILLIAM J
    President and CEO, Director
    Sold
    under a preset trading plan
    Date
    14 October 2025
    Shares
    4,942
    Price
    $1631.34
    Value
    $8m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 7 Nov 2025, plus the 10-Q filed 29 Jul 2026 and 8 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.

Whether the price already reflects the risks is what the deep dive is for.

What changed in the risks this year

Companies must list what could hurt them each year. These are the parts that changed since last year’s report.

  • We derive a substantial portion of our revenues from a small number of products and services, and if the market does not continue to accept these products and services, our revenues will decline.

    Could happen
    • the increasing availability of free or relatively inexpensive consumer credit, credit score and other information from public or commercial sources, including those that use AI technologies;

Read it in the annual report

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.