Fair Isaac (FICO) Q2 FY2026 earnings: revenue $692 million, up 38.7% on the year

Fair Isaac Corp. (FICO) reported revenue of $692 million for Q2 FY2026, the quarter ended 31 March 2026, up 38.7% on the same quarter a year earlier. Net income was $264 million, up 62.6% on the year, and diluted earnings per share $11.14. The figures are the company's own, from the 10-Q it filed with the SEC on 28 April 2026.

Revenue

$692 million

+38.7% on the year · +35.1% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

58.2%

49.3% a year earlier

Q3 FY2024Q2 FY2026

Net income

$264 million

+62.6% on the year · +67.0% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$11.14

+69.0% on the year · +68.5% on the quarter

Q3 FY2024Q2 FY2026

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

What management said

Guidance figures: 5 raised.

Revenue rose 39% year over year: Quarterly revenue was $691.7 million, against $498.7 million in the prior-year quarter.
Full-year guidance raised across measures: Management raised fiscal 2026 guidance on revenue, GAAP and non-GAAP net income, and both EPS measures.
Scores revenue rose 60%: Scores revenue was $475.0 million in the quarter, the larger of the two reported segments, versus $297.0 million a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	692	512	499	+35.1%	+38.7%
Cost of revenue	91.2	87.3	87.6	+4.5%	+4.1%
Gross profit	600	425	411	+41.4%	+46.1%
Gross margin	86.8%	83.0%	82.4%
Research and development	53.9	49.9	45.0	+8.0%	+19.7%
Selling, general and administrative	144	141	120	+2.4%	+19.7%
Operating income	402	234	246	+72.0%	+63.8%
Operating margin	58.2%	45.7%	49.3%
Interest expense	44.6	42.0	31.4	+6.1%	+42.1%
Pre-tax income	356	192	213	+85.5%	+67.1%
Income tax	91.6	33.6	50.4	+172.9%	+81.7%
Effective tax rate	25.7%	17.5%	23.7%
Net income	264	158	163	+67.0%	+62.6%
Net margin	38.2%	30.9%	32.6%
Diluted EPS	$11.14	$6.61	$6.59	+68.5%	+69.0%

$ million except per share.

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	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	223	174	74.9	+28.3%	+198.1%
Capital expenditure	0.3	0.2	2.1	+17.7%	-87.4%
Free cash flow	223	174	72.8	+28.3%	+206.4%
Free cash flow margin	32.3%	34.0%	14.6%
Cash from investing	-8.4	-12.7	-10.9
Cash from financing	-156	-133	-104
Depreciation and amortisation	3.9	4.0	2.5	-3.2%	+57.0%
Share-based compensation	45.3	44.3	41.7	+2.4%	+8.6%
Buybacks	605	171	217	+253.7%	+178.8%
Diluted shares, weighted	24m	24m	25m	-0.9%	-3.8%
Shares outstanding at period end	23m	24m	24m	-2.0%	-4.3%

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	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	-2,102	-1,808	-1,124
Debt	3,639	3,197	2,528	+13.8%	+43.9%
Operating lease liabilities	17.6	17.9	20.8	-1.9%	-15.7%
Other liabilities	493	448	411	+10.2%	+20.1%
Total liabilities and equity	2,048	1,854	1,836	+10.5%	+11.6%
Fixed assets	79.6	73.7	50.6	+8.0%	+57.5%
Goodwill	781	784	779	-0.3%	+0.3%
Investments	53.0	55.9	45.4	-5.0%	+16.8%
Cash and equivalents	219	162	147	+35.4%	+49.6%
Receivables	620	495	493	+25.2%	+25.9%
Other assets	295	284	321	+3.8%	-8.3%
Total assets	2,048	1,854	1,836	+10.5%	+11.6%

Questions

What was Fair Isaac's revenue in Q2 FY2026?

Fair Isaac (FICO) reported revenue of $692 million for Q2 FY2026, the quarter ended 31 March 2026, up 38.7% on the same quarter a year earlier.

How much did Fair Isaac earn in Q2 FY2026?

Net income for Q2 FY2026 was $264 million, up 62.6% on the year, and diluted earnings per share $11.14.

When did Fair Isaac report Q2 FY2026 results?

Fair Isaac filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 28 April 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 March 2026, filed 28 April 2026: the filing.