FICO
Fair Isaac Corporation
FICO's fundamentals are strong and it looks cheap: trading at 20x earnings, about a third of its usual 54x. Analysts expect earnings growth.
FICO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Under pressure |
FICO's revenue, profitability and cash flow are currently healthy, but its balance sheet is under pressure.
FICO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $717 | — |
| Current | 20x | $717 | — |
| Cheap | 34x | $1,224 | +71% |
| Fair | 54x | $1,954 | +172% |
| Expensive | 72x | $2,633 | +267% |
Historical ranges are pointers, not guarantees.
FICO's PE is in its cheap range at 20x. If earnings grow as analysts expect, today's price would be 16x next year's earnings.
FICO Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for FICO, with profitability improving.
FICO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $44.90 | +24% |
| Q3 2026 | $36.32 | +37% |
| Q2 2026 | $34.61 | +35% |
| Q1 2026 | $31.56 | +36% |
| Q4 2025 | $27.01 | +24% |
| Q3 2025 | $26.54 | +30% |
| Q2 2025 | $25.57 | +34% |
| Q1 2025 | $23.22 | +22% |
| Q4 2024 | $21.79 | +22% |
FICO's earnings per share have climbed steadily: $36.32 over the past year, up 37% from the year before, and higher year over year for 14 quarters in a row.
FICO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $657M | +27% |
| Q2 2026 | $674.2M | +26% |
| Q1 2026 | $691.7M | +39% |
| Q4 2025 | $512M | +16% |
| Q3 2025 | $515.8M | +14% |
| Q2 2025 | $536.4M | +20% |
| Q1 2025 | $498.7M | +15% |
| Q4 2024 | $440M | +15% |
FICO's revenue has grown year over year for 20 quarters in a row: $657M last quarter, up 27% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 41% | -5.4 points |
| Q2 2026 | 54% | +4.9 points |
| Q1 2026 | 58% | +8.9 points |
| Q4 2025 | 46% | +4.9 points |
| Q3 2025 | 46% | +2.5 points |
| Q2 2025 | 49% | +6.5 points |
| Q1 2025 | 49% | +4.3 points |
| Q4 2024 | 41% | +1.2 points |
FICO's operating margin was 41% last quarter, down 5.4 points from the same quarter a year ago.
FICO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $293.4M | +34% |
| Q2 2026 | $379.6M | +33% |
| Q1 2026 | $223.1M | +206% |
| Q4 2025 | $173.9M | -10% |
| Q3 2025 | $219.5M | -2.3% |
| Q2 2025 | $284.4M | +34% |
| Q1 2025 | $72.8M | +8.7% |
| Q4 2024 | $193.2M | +60% |
FICO's free cash flow has been positive every quarter for seven years: $1.1B over the past year, up 39% from the year before.
FICO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.3% | +285K shares |
| 1 year | -6.4% | -1.6M shares |
| 3 years | -9.4% | -2.4M shares |
| 5 years | -21% | -6.3M shares |
| Available history | -24% | -7.2M shares |
FICO has 23M diluted shares, down 6.4% from a year ago, with $3B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1,000 |
| Q2 2026 | $2.3B |
| Q1 2026 | $605.4M |
| Q4 2025 | $171.2M |
| Q3 2025 | $548M |
| Q2 2025 | $486.8M |
| Q1 2025 | $217.2M |
| Q4 2024 | $162.6M |
FICO spent $3B buying back its own shares over the past year, up 115% from the year before.
FICO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.9x | Elevated |
| Q2 2026 | 4.3x | High |
| Q1 2026 | 3.0x | Moderate |
| Q4 2025 | 3.1x | Elevated |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 2.9x | Moderate |
| Q1 2025 | 2.9x | Moderate |
| Q4 2024 | 2.9x | Moderate |
FICO's net debt is about 3.9 years of its operating earnings (EBITDA), up from 3.1 years a year ago.
FICO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.9 | Neutral |
| Stochastic | 18.9 | Oversold |
FICO's weekly RSI is 36 (neutral) and its Stochastic is 19 (oversold).
FICO PE vs Technology Sector
| Metric | FICO | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 28x | 29% below |
| PE % | 1 | 35 | 34 pts below |
FICO is trading at 20x earnings, a 29% discount to the Technology sector's median of 28x.
FICO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $739.0 | 2.9% below |
| 20 week MA | $968.6 | 26% below |
| 50 week MA | $1,181.6 | 39% below |
| 100 week MA | $1,466.7 | 51% below |
| 200 week MA | $1,338.3 | 46% below |
FICO is in a downtrend: it's below all five of its weekly moving averages, and 46% below its 200-week average.
FICO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $378.8 | $518.5 | +37% |
| 2021 | $518.5 | $435.1 | -16% |
| 2022 | $435.1 | $616.8 | +42% |
| 2023 | $616.8 | $1,164.0 | +89% |
| 2024 | $1,164.0 | $2,037.3 | +75% |
| 2025 | $2,037.3 | $1,753.2 | -14% |
| 2026 YTD | $1,753.2 | $717.4 | -59% |
FICO is down 59% so far in 2026, after finishing higher in four of the previous six years.