Fair Isaac (FICO) Q1 FY2026 earnings: revenue $512 million, up 16.4% on the year

Fair Isaac Corp. (FICO) reported revenue of $512 million for Q1 FY2026, the quarter ended 31 December 2025, up 16.4% on the same quarter a year earlier. Net income was $158 million, up 3.8% on the year, and diluted earnings per share $6.61. The figures are the company's own, from the 10-Q it filed with the SEC on 28 January 2026.

Revenue

$512 million

+16.4% on the year · -0.7% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

45.7%

40.8% a year earlier

Q2 FY2024Q1 FY2026

Net income

$158 million

+3.8% on the year · +2.2% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$6.61

+7.7% on the year · +3.0% on the quarter

Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 6 kept.

Revenue rose 16 percent year over year: Total revenues were $512.0 million against $440.0 million in the prior year period, an increase of 16%.
Fiscal 2026 guidance reiterated, not revised: Management reiterated fiscal 2026 guidance and said it yields stronger growth than fiscal 2025 achieved.
Scores revenue up 29 percent: Scores revenue was $304.5 million against $235.7 million in the prior year period, an increase of 29%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	512	516	440	-0.7%	+16.4%
Cost of revenue	87.3	91.2	87.3	-4.3%	-0.1%
Gross profit	425	425	353	+0.0%	+20.4%
Gross margin	83.0%	82.3%	80.1%
Research and development	49.9	51.0	45.1	-2.0%	+10.6%
Selling, general and administrative	141	126	128	+12.1%	+10.0%
Operating income	234	237	180	-1.3%	+30.4%
Operating margin	45.7%	46.0%	40.8%
Interest expense	42.0	39.9	29.5	+5.3%	+42.5%
Pre-tax income	192	202	150	-5.2%	+27.8%
Income tax	33.6	47.4	-2.4	-29.3%
Effective tax rate	17.5%	23.4%	-1.6%
Net income	158	155	153	+2.2%	+3.8%
Net margin	30.9%	30.1%	34.7%
Diluted EPS	$6.61	$6.42	$6.14	+3.0%	+7.7%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	174	224	194	-22.2%	-10.3%
Capital expenditure	0.2	4.2	0.8	-94.6%	-73.1%
Free cash flow	174	219	193	-20.8%	-10.0%
Free cash flow margin	34.0%	42.6%	43.9%
Cash from investing	-12.7	-13.3	-8.9
Cash from financing	-133	-264	-144
Depreciation and amortisation	4.0	4.0	3.5	-0.1%	+13.6%
Share-based compensation	44.3	32.4	40.7	+36.7%	+8.9%
Buybacks	171	548	163	-68.8%	+5.3%
Diluted shares, weighted	24m	24m	25m	-0.8%	-3.5%
Shares outstanding at period end	24m	24m	24m	-0.0%	-2.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	-1,808	-1,746	-1,138
Debt	3,197	3,056	2,421	+4.6%	+32.0%
Operating lease liabilities	17.9	19.2	20.9	-6.7%	-14.3%
Finance lease liabilities	n/a	3.9	n/a
Other liabilities	448	535	403	-16.4%	+11.1%
Total liabilities and equity	1,854	1,868	1,707	-0.7%	+8.6%
Fixed assets	73.7	67.7	43.0	+8.9%	+71.3%
Goodwill	784	783	776	+0.0%	+1.0%
Investments	55.9	54.6	45.9	+2.3%	+21.6%
Trading assets	n/a	54.6	n/a
Cash and equivalents	162	134	184	+20.8%	-12.1%
Receivables	495	529	351	-6.4%	+41.1%
Other assets	284	245	307	+16.1%	-7.5%
Total assets	1,854	1,868	1,707	-0.7%	+8.6%

Questions

What was Fair Isaac's revenue in Q1 FY2026?

Fair Isaac (FICO) reported revenue of $512 million for Q1 FY2026, the quarter ended 31 December 2025, up 16.4% on the same quarter a year earlier.

How much did Fair Isaac earn in Q1 FY2026?

Net income for Q1 FY2026 was $158 million, up 3.8% on the year, and diluted earnings per share $6.61.

When did Fair Isaac report Q1 FY2026 results?

Fair Isaac filed its 10-Q for the quarter ended 31 December 2025 with the SEC on 28 January 2026.

Quarterly results, the last 20 quarters

	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *
Revenue	322	357	349	349	345	380	399	390	382	434	448	454	440	499	536	516	512	692	674	657
Cost of revenue	69.2	71.8	78.7	82.5	76.6	79.8	71.8	82.8	83.5	86.9	88.2	89.6	87.3	87.6	87.6	91.2	87.3	91.2	87.0	86.0
Gross profit	253	285	270	266	268	300	327	307	299	347	360	364	353	411	449	425	425	600	587	571
Gross margin	79%	80%	77%	76%	78%	79%	82%	79%	78%	80%	80%	80%	80%	82%	84%	82%	83%	87%	87%	87%
R&D	39.0	36.4	35.9	35.5	36.6	40.3	41.5	41.6	42.6	40.9	44.2	44.2	45.1	45.0	47.2	51.0	49.9	53.9	53.7	51.8
SG&A	98.0	96.4	93.2	96.2	93.0	100	108	99.3	104	111	125	123	128	120	139	126	141	144	171	225
Operating income	116	152	141	134	140	160	177	166	151	195	190	197	180	246	263	237	234	402	363	267
Operating margin	36%	43%	40%	38%	41%	42%	44%	43%	40%	45%	42%	43%	41%	49%	49%	46%	46%	58%	54%	41%
Interest expense	12.2	17.2	18.7	20.8	22.8	23.9	24.5	24.3	24.2	26.1	26.9	28.5	29.5	31.4	32.9	39.9	42.0	44.6	59.9	76.9
Pre-tax income	105	132	121	113	118	137	158	140	131	173	167	171	150	213	237	202	192	356	315	237
Tax rate	19%	21%	23%	20%	17%	26%	18%	28%	7%	25%	25%	21%	-2%	24%	23%	23%	17%	26%	25%	26%
Net income	85.0	104	93.5	90.7	97.6	102	129	101	121	130	126	136	153	163	182	155	158	264	237	175
Net margin	26%	29%	27%	26%	28%	27%	32%	26%	32%	30%	28%	30%	35%	33%	34%	30%	31%	38%	35%	27%
Diluted EPS	$3.09	$3.95	$3.61	$3.55	$3.84	$4.00	$5.08	$4.01	$4.80	$5.16	$5.05	$5.44	$6.14	$6.59	$7.40	$6.42	$6.61	$11.14	$10.45	$8.12
Operating cash flow	125	123	117	145	92.4	89.8	123	164	122	71.0	213	226	194	74.9	286	224	174	223	380	294
Capital expenditure	0.9	2.4	1.9	0.8	0.8	1.5	0.8	1.1	1.4	4.0	1.7	1.8	0.8	2.1	1.8	4.2	0.2	0.3	0.9	0.8
Free cash flow	124	120	115	144	91.6	88.3	122	163	121	67.0	212	225	193	72.8	284	219	174	223	380	293
Buybacks	483	278	287	56.2	75.0	109	101	120	71.7	172	255	324	163	217	487	548	171	605	2,269	-0.0
Shares outstanding	27m	26m	25m	25m	25m	25m	25m	25m	25m	25m	25m	24m	24m	24m	24m	24m	24m	23m	22m	21m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 December 2025, filed 28 January 2026: the filing.