Fair Isaac Corporation Q2 2026 Earnings Recap

FICO reported second quarter revenue of $692 million, up 39% year-over-year, with shares rising 2.9% post-earnings—reflecting a market response that was generally neutral. The company modestly raised its full-year guidance and highlighted significant growth in its core Scores segment and ongoing expansion in software platform revenues.

Key Takeaways

• GAAP net income reached $264 million (+63%), with GAAP EPS of $11.14 (+69%) versus the prior year.
• Scores segment revenue grew 60% year-over-year to $475 million, led by B2B and continued B2C momentum.
• Software segment revenues were $217 million (+7%), with platform revenue growth of 54% offsetting a 12% decline in non-platform software.
• Free cash flow hit $214 million in Q2, and the company repurchased $605 million of stock during the quarter.
• FICO updated licensing terms for its new Score 10T in response to regulatory changes and emphasized ongoing investments in AI and platform capabilities targeting highly regulated financial clients.