Fair Isaac (FICO) Q4 FY2026 earnings: revenue $657 million, up 27.4% on the year

Fair Isaac Corp. (FICO) reported revenue of $657 million for Q4 FY2026, the quarter ended 30 September 2026, up 27.4% on the same quarter a year earlier. Net income was $175 million, up 12.9% on the year, and diluted earnings per share $8.12. The figures are the company's own, from the 10-K it filed with the SEC on 6 November 2026.

Revenue

$657 million

+27.4% on the year · -2.5% on the quarter

Q1 FY2025Q4 FY2026

Operating margin

40.6%

46.0% a year earlier

Q1 FY2025Q4 FY2026

Net income

$175 million

+12.9% on the year · -26.2% on the quarter

Q1 FY2025Q4 FY2026

Diluted EPS

$8.12

+26.5% on the year · -22.3% on the quarter

Q1 FY2025Q4 FY2026

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

What management said

Revenue rose 27% to $657.0 million: Total revenues were $657.0 million, compared with $515.8 million a year earlier, an increase of 27%. Full-year revenue was $2,534.9 million, compared with $1,990.9 million in fiscal 2025.
B2B growth from unit price: B2B revenue rose 39%, mainly from a higher mortgage origination scores unit price. A decline in mortgage originations volume partly offset the increase.
Software ARR up 14% overall: Software ARR was up 14% year-over-year at September 30, 2026. Platform ARR rose 72% and non-platform ARR declined 18%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Revenue	657	674	516	-2.5%	+27.4%
Cost of revenue	86.0	87.0	91.2	-1.2%	-5.7%
Gross profit	571	587	425	-2.7%	+34.5%
Gross margin	86.9%	87.1%	82.3%
Research and development	51.8	53.7	51.0	-3.6%	+1.6%
Selling, general and administrative	225	171	126	+32.0%	+79.6%
Operating income	267	363	237	-26.5%	+12.4%
Operating margin	40.6%	53.8%	46.0%
Interest expense	76.9	59.9	39.9	+28.3%	+92.7%
Pre-tax income	237	315	202	-24.5%	+17.3%
Income tax	62.5	77.5	47.4	-19.4%	+31.7%
Effective tax rate	26.3%	24.6%	23.4%
Net income	175	237	155	-26.2%	+12.9%
Net margin	26.6%	35.2%	30.1%
Diluted EPS	$8.12	$10.45	$6.42	-22.3%	+26.5%

$ 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	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Operating cash flow	294	380	224	-22.7%	+31.5%
Capital expenditure	0.8	0.9	4.2	-9.0%	-81.2%
Free cash flow	293	380	219	-22.7%	+33.7%
Free cash flow margin	44.7%	56.3%	42.6%
Cash from investing	-6.1	-18.1	-13.3
Cash from financing	-319	-333	-264
Depreciation and amortisation	4.6	4.2	4.0	+8.9%	+14.3%
Share-based compensation	43.5	52.3	32.4	-16.8%	+34.5%
Buybacks	-0.0	2,269	548
Diluted shares, weighted	22m	23m	24m	-5.0%	-10.8%
Shares outstanding at period end	21m	22m	24m	-1.0%	-10.0%

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	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Shareholders' equity	-3,873	-4,097	-1,746
Debt	5,259	5,582	3,056	-5.8%	+72.1%
Operating lease liabilities	18.8	15.6	19.2	+20.5%	-1.9%
Finance lease liabilities	0.5	n/a	3.9		-87.5%
Other liabilities	670	536	535	+24.9%	+25.2%
Total liabilities and equity	2,075	2,037	1,868	+1.8%	+11.1%
Fixed assets	97.1	91.0	67.7	+6.8%	+43.5%
Goodwill	792	792	783	+0.0%	+1.1%
Investments	51.7	56.1	54.6	-7.8%	-5.3%
Trading assets	51.7	n/a	54.6		-5.3%
Cash and equivalents	218	248	134	-12.4%	+62.2%
Receivables	603	593	529	+1.8%	+13.9%
Other assets	262	258	245	+1.8%	+7.2%
Total assets	2,075	2,037	1,868	+1.8%	+11.1%

Questions

What was Fair Isaac's revenue in Q4 FY2026?

Fair Isaac (FICO) reported revenue of $657 million for Q4 FY2026, the quarter ended 30 September 2026, up 27.4% on the same quarter a year earlier.

How much did Fair Isaac earn in Q4 FY2026?

Net income for Q4 FY2026 was $175 million, up 12.9% on the year, and diluted earnings per share $8.12.

When did Fair Isaac report Q4 FY2026 results?

Fair Isaac filed its 10-K for the year that ended with the quarter on 6 November 2026; the fourth quarter is the year less the first three.

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-K for the period ended 30 September 2026, filed 6 November 2026: the filing.