Fair Isaac Corporation Q4 2026 Earnings Recap

FICO reported 27% fourth-quarter revenue growth, while the stock rose 0.9% after earnings—roughly flat. Scores drove most of the growth; Software revenue growth was lower for the full year, despite a sharp increase in platform revenue in Q4.

Key Takeaways

• Q4 revenue was $657 million, up 27% year over year; full-year revenue was $2.535 billion, also up 27%.
• Q4 non-GAAP EPS was $11.10, up 43%; GAAP EPS was $8.12, up 26% and included $33 million in after-tax charges from three significant items.
• Scores revenue rose 33% to $414 million in Q4, with B2B Scores the main growth driver. Full-year Scores revenue increased 41% to $1.652 billion.
• Software revenue grew 19% to $243 million in Q4, with platform revenue up 84% and non-platform revenue down 12%. Full-year Software revenue rose 7% to $883 million.
• Full-year free cash flow increased 40% to $1.034 billion. FICO paused share repurchases in Q4 to repay debt, ending the quarter at 3.29x net debt to EBITDA.