$FICO · FAIR ISAAC CORP
FICO reported Q4 FY2026 (ended Sept 30, 2026) results: revenue of $657.0M, up 27% from $515.8M a year earlier. GAAP net income was $175.0M ($8.12 diluted EPS) versus $155.0M ($6.42) prior year; non-GAAP EPS was $11.10 versus $7.74. Results included a $65M antitrust settlement accrual, a $48M gain on an equity investment sale, and a $27M restructuring charge. The company said it is not providing FY2027 guidance due to the ongoing transition to bespoke mortgage origination pricing and uncertain mortgage market conditions.
- Scores revenue rose 33% to $413.8M, driven by a 39% B2B increase on higher mortgage origination unit price.
- Software revenue rose 19% to $243.2M; platform ARR up 72% while non-platform ARR fell 18%.
- GAAP results included a $65M antitrust settlement accrual, a $48M investment gain, and a $27M restructuring charge.
- Free cash flow was $284.3M for the quarter versus $210.8M a year earlier.
- Long-term debt jumped to $4.92B from $2.66B; stockholders' deficit widened to $3.87B.
Extended-hours trading shows FICO at $637.89, down 9.01% versus the $701.03 regular close, signaling investors are reacting negatively to the suspended FY2027 guidance despite the earnings beat.
A strong quarter is overshadowed by FICO's decision to suspend FY2027 guidance, a rare signal of uncertainty for a high-multiple analytics leader.
FICO's mortgage-origination pricing transition and elevated-rate headwinds echo broader credit-data and analytics peers facing cyclical mortgage volume pressure.
The company cites uncertainty in finalizing bespoke mortgage pricing programs and elevated interest rates keeping loan originations below historical norms, which drove the decision to withhold FY2027 guidance.