Every material Form 8-K Fair Isaac has filed with the SEC since June 14, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
FICO reported fourth-quarter fiscal 2026 results for the quarter ended September 30, 2026. Revenue rose 27% to $657.0 million and GAAP diluted EPS was $8.12, up from $6.42, but net income included a $65 million proposed litigation settlement accrual, a $48 million gain on sale of an equity investment, and a $27 million restructuring charge. The company is not providing fiscal 2027 guidance, citing its transition to bespoke mortgage originations pricing and uncertain mortgage market conditions.
Revenue of $657.0 million vs. $515.8 million in the prior year period, an increase of 27%.
GAAP diluted EPS of $8.12 vs. $6.42; non-GAAP diluted EPS of $11.10 vs. $7.74.
Scores revenue of $413.8 million, up 33%; Software revenue of $243.2 million, up 19%.
No fiscal year 2027 guidance provided, due to the mortgage pricing transition and elevated interest rates.
Fair Isaac committed on October 1, 2026 to a workforce reduction that eliminates about 15% of its positions, while reducing management layers, simplifying its operating structure, and integrating AI-driven product development. The company expects aggregate pre-tax charges of about $27.0 million in the fourth quarter of fiscal 2026, mostly severance, and the plan is expected to be substantially complete by the end of the third quarter of fiscal 2027.
About 15% of positions across the company will be eliminated.
Expected pre-tax charges of approximately $27.0 million in Q4 fiscal 2026, mainly employee severance and related costs.
Affected employees began being notified the week of October 5, 2026.
Plan expected to be substantially completed by the end of Q3 fiscal 2027.
FICO reported third-quarter fiscal 2026 revenue of $674.2 million, up 26% from $536.4 million a year earlier, and GAAP diluted earnings per share of $10.45, up from $7.40. The company also raised its fiscal 2026 guidance, lifting its revenue outlook to $2.53 billion from $2.45 billion and its GAAP diluted EPS outlook to $36.86 from $35.60.
Q3 GAAP diluted EPS was $10.45 versus $7.40; non-GAAP diluted EPS was $12.18 versus $8.57
Scores revenue rose 41% to $458.9 million, driven by B2B revenue up 49%; Software revenue rose 2% to $215.3 million
Fiscal 2026 revenue guidance raised to $2.53 billion from $2.45 billion; GAAP EPS guidance raised to $36.86 from $35.60
Nine-month repurchases of common stock totaled $3.0 billion
FICO amended its credit agreement to add a $1.5 billion unsecured term loan maturing May 15, 2028, and borrowed the full amount on June 5, 2026. The company is using the proceeds for a $1.5 billion accelerated share repurchase with Wells Fargo Securities, under a new $2.0 billion buyback authorization that replaces its previous $1.5 billion program.
Incremental term loan of $1.5 billion, maturing May 15, 2028, with quarterly repayments of $75 million from September 30, 2026 through June 30, 2027, then $112.5 million
Upfront payment of $1.5 billion to Wells Fargo Securities on June 8, 2026, with an initial delivery of approximately 1,055,100 shares
New stock repurchase program of up to $2.0 billion, open-ended; about $500 million expected to remain after the ASR is completed by September 30, 2026
FICO reported results for the quarter ended March 31, 2026, with revenue of $691.7 million, up 39% from $498.7 million a year earlier, and GAAP diluted earnings of $11.14 per share versus $6.59. The company also raised its fiscal 2026 guidance, with revenue now expected at $2.45 billion (previously $2.35 billion) and GAAP EPS at $35.60 (previously $33.47), which matters to shareholders because both headline measures improved and the outlook was lifted.
Quarterly revenue was $691.7 million vs $498.7 million a year earlier, up 39%.
GAAP diluted EPS was $11.14 vs $6.59; non-GAAP diluted EPS was $12.50 vs $7.81.
Scores revenue was $475.0 million, up 60%; Software revenue was $216.7 million, up 7%.
Fiscal 2026 guidance raised: revenue to $2.45 billion from $2.35 billion; GAAP EPS to $35.60 from $33.47.
Fair Isaac Corporation closed a $1.0 billion private offering of 6.250% Senior Notes due September 15, 2034. The company plans to use the proceeds to repay credit agreement debt, redeem $400 million of its 5.25% Senior Notes due 2026, pay fees, and for general corporate purposes, including possible stock repurchases.
FICO reported results for the first fiscal quarter ended December 31, 2025, in a press release furnished as Exhibit 99.1. Revenue rose 16% to $512.0 million and GAAP diluted EPS was $6.61, up from $6.14, as net income reached $158.4 million. The company reiterated its fiscal 2026 guidance, including revenue of $2.35 billion and GAAP EPS of $33.47, while operating cash flow and free cash flow declined from the prior year.
Revenue of $512.0 million, up 16% from $440.0 million in the prior year period.
GAAP diluted EPS of $6.61 vs $6.14; net income of $158.4 million vs $152.5 million.
Scores revenue rose 29% to $304.5 million; Software revenue rose 2% to $207.5 million.
Operating cash flow was $174.1 million vs $194.0 million; free cash flow was $165.4 million vs $186.8 million. Fiscal 2026 guidance was reiterated, not changed.
FICO reported fourth-quarter fiscal 2025 revenue of $516 million, up 14% from $454 million a year earlier, and diluted earnings per share of $6.42 versus $5.44. Growth came mainly from Scores revenue, which rose 25%, and the company issued fiscal 2026 guidance calling for revenue of $2.35 billion and GAAP EPS of $33.47. For shareholders, revenue and profit both grew, though a $10.9 million restructuring charge reduced reported results.
Quarterly net income was $155.0 million, or $6.42 per diluted share, versus $135.7 million, or $5.44, a year earlier.
Scores revenue was $311.6 million, up 25%; Software revenue was flat at $204.2 million.
Fiscal 2026 guidance: revenue $2.35 billion, GAAP net income $795 million, GAAP EPS $33.47, non-GAAP EPS $38.17.
A pre-tax restructuring charge of $10.9 million, or $0.34 per share after tax, was recorded in the quarter.
Fair Isaac Corporation (FICO) said James Wehmann, its President, Scores, will retire effective September 5, 2025, to spend more time with his family and pursue personal interests. CEO William Lansing will take direct responsibility for the Scores business, and the filing describes the business as being on solid footing. The change is a senior executive departure in a key business line, but the filing gives no financial impact.
James Wehmann, President, Scores, retires effective September 5, 2025
Wehmann joined FICO in 2012 and held leadership roles of increasing responsibility
CEO William Lansing will have direct responsibility for the Scores business
FICO reported fiscal third-quarter 2025 results for the quarter ended June 30, 2025, with revenue of $536.4 million, up 20% from $447.8 million a year earlier. GAAP diluted earnings per share were $7.40, compared with $5.05, and the company raised its fiscal 2025 GAAP and non-GAAP earnings per share guidance, while revenue guidance stayed at $1.98 billion.
Quarterly revenue of $536.4 million vs. $447.8 million, up 20%
GAAP diluted EPS of $7.40 vs. $5.05; non-GAAP diluted EPS of $8.57 vs. $6.25
Fiscal 2025 GAAP diluted EPS guidance raised to $25.60 from $25.05; non-GAAP diluted EPS guidance raised to $29.15 from $28.58
Free cash flow of $276.2 million vs. $205.7 million in the prior year quarter
Fair Isaac Corporation closed a $1.5 billion private offering of 6.000% senior notes due 2033 on May 13, 2025, and entered a new $1.0 billion five-year unsecured revolving credit facility that refinances its existing revolver and term loans. The company plans to use the note proceeds mainly to repay existing debt, which adds long-term borrowing at a fixed 6.000% rate but does not change reported results in the filing.
$1.5 billion of 6.000% senior notes due May 15, 2033, priced at 100% of principal, first interest payment November 15, 2025
New $1.0 billion five-year unsecured revolving credit facility led by Wells Fargo as administrative agent
Net proceeds to repay existing revolver and term loan debt, pay fees and expenses, and for general corporate purposes
Credit agreement requires consolidated leverage ratio of no greater than 3.5 to 1.00, with a step-up to 4.00 to 1.00 after certain acquisitions
Fair Isaac Corporation reported results for its fiscal second quarter ended March 31, 2025. GAAP diluted EPS rose to $6.59 from $5.16, and revenue rose 15% to $498.7 million, with Scores revenue up 25% and Software revenue up 2%. The company reiterated its fiscal 2025 guidance, which it says includes double-digit percentage growth for both revenue and earnings.
GAAP net income was $162.6 million, or $6.59 per diluted share, versus $129.8 million, or $5.16, in the prior-year quarter.
Revenue was $498.7 million versus $433.8 million; Scores revenue rose 25% to $297.0 million and Software revenue rose 2% to $201.7 million.
Fiscal 2025 guidance was reiterated: revenue of $1.98 billion and GAAP EPS of $25.05.
Free cash flow was $65.5 million versus $61.6 million; non-GAAP EPS was $7.81 versus $6.14.
FICO reported first-quarter fiscal 2025 results for the quarter ended December 31, 2024, with revenue of $440 million, up 15% from $382 million a year earlier. GAAP net income was $152.5 million, or $6.14 per share, versus $4.80 per share in the prior year period, and the company reiterated its fiscal 2025 guidance. For shareholders, both revenue and profit grew in the quarter, and the company kept its full-year outlook unchanged.
Revenue of $440.0 million, up 15% from $382.1 million a year earlier
GAAP EPS of $6.14 vs $4.80; non-GAAP EPS of $5.79 vs $4.81
Scores revenue up 23% to $235.7 million; Software revenue up 8% to $204.3 million
Fiscal 2025 guidance reiterated: revenue of $1.98 billion and GAAP EPS of $25.05
FICO reported fiscal fourth-quarter 2024 results for the quarter ended September 30, 2024, with revenue up 16% to $453.8 million and GAAP diluted earnings per share of $5.44, compared with $4.01 a year earlier. The company also issued fiscal 2025 guidance of $1.98 billion in revenue and GAAP EPS of $25.05, which gives shareholders a reference point for the coming year.
Quarterly revenue was $453.8 million, up from $389.7 million; Scores revenue rose 27% to $249.2 million and Software revenue rose 5% to $204.6 million.
GAAP net income was $135.7 million, or $5.44 per diluted share, versus $101.4 million, or $4.01, a year earlier; non-GAAP EPS was $6.54 versus $5.01.
Fiscal 2025 guidance calls for revenues of $1.98 billion, GAAP EPS of $25.05 and non-GAAP EPS of $28.58.
FICO reported third-quarter fiscal 2024 revenue of $447.8 million, up from $398.7 million a year earlier, and raised its full-year 2024 revenue and EPS guidance. GAAP diluted EPS was $5.05, down slightly from $5.08, and the company said the prior-year quarter included a large one-time favorable expense adjustment.
Q3 fiscal 2024 revenue was $447.8 million versus $398.7 million in the prior year period.
GAAP diluted EPS was $5.05 versus $5.08; non-GAAP diluted EPS was $6.25 versus $5.66.
Full-year 2024 revenue guidance was raised to $1.700 billion from $1.690 billion; GAAP EPS guidance to $19.90 from $19.70.
Net cash from operating activities was $213.3 million versus $122.6 million in the prior year quarter.
Fair Isaac Corporation entered into a Third Amendment to its credit agreement on June 13, 2024, adding an unsecured $450 million incremental term loan maturing August 19, 2026. The filing says the company has no scheduled principal repayments before maturity and may prepay without premium or penalty, and the loan adds to the company's borrowing.
Incremental Term A-1 Loan of $450 million, unsecured, maturing August 19, 2026
No scheduled principal repayments before maturity; prepayment allowed without premium or penalty
Interest based on SOFR plus 100 to 175 basis points, or base rate plus 0 to 75 basis points, tied to total leverage ratio
Credit agreement also includes a $600 million revolving facility and a $300 million initial term loan
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