FAIR ISAAC CORP

Fair Isaac Corporation

Overview

• Fair Isaac Corporation (FICO), NYSE: FICO, is a global analytics software company that uses data and analytics to improve business decisions.
• Founded in 1956. The company operates two segments: Scores and Software.
• FICO solutions are used by thousands of businesses in more than 70 countries across banking, credit cards, insurance, retail, telecommunications, automotive lending, and consumer reporting. The company also serves consumers through direct channels.

Business segments and offerings

Scores

• Provides B2B scoring solutions and B2C scoring via myFICO.com.
• Core product: the FICO Score, the standard measure of consumer credit risk in the U.S.
• Data sources: proprietary analytics applied to consumer credit data maintained by Experian, TransUnion, and Equifax.
• Business model: lenders and other customers pay per generated score; consumer reporting agencies pay FICO related fees.
• Product evolution: multiple FICO Score versions (for example, FICO Score 9 and FICO Score 10T, introduced in 2020). FICO Score 10T incorporates trended data.
• Global reach: FICO Scores are available in markets outside the U.S., and FICO provides client-specific scores in other jurisdictions.
• Consumer offerings: direct-to-consumer access through myFICO.com, distribution partners (including Experian), and the FICO Score Open Access Program.
• Additional consumer tools: FICO Score Mortgage Simulator, built on actual FICO Score algorithms.

Software

• Provides decisioning capabilities, models, and solutions to automate and optimize business decisions across origination, customer management, engagement, fraud detection, and marketing.
• Delivery models: software-as-a-service (SaaS) or on-premises, deployed in the cloud or on customers’ IT infrastructure.
• Revenue model: primarily multi-year subscriptions with usage-based pricing and contracted minimum payments.
• Platform focus: FICO Platform — a modular, cloud-based environment designed to support intelligent decisioning at scale and across multiple use cases.
• Strategy: migrate a substantial portion of software products onto FICO Platform to support “land and expand” sales and broader adoption through value-added resellers and systems integrators.
• ARR (Platform-based products): $452.6 million as of September 30, 2026, representing 53% of total software ARR.

FICO Platform and capabilities

• An intelligent decisioning environment that brings together data from multiple sources, applies AI and analytics, and translates insights into real-time responses and automated workflows.
• Modular cloud architecture enables customers to address a wide range of use cases, from enterprise transformations to targeted solutions for fraud, risk, and supply chain.
• Four domain focus areas:
  • Artificial Intelligence: responsible AI, interpretable models, generative AI developments, and governance tools; more than 130 U.S. and international patents in AI and responsible AI.
  • Predictive Modeling: segmented scorecards, reject inference, high-velocity data analytics, and unstructured data.
  • Decision Analysis and Augmentation: optimization solvers for linear and non-linear problems, and digital twins for testing strategies.
  • Real-time Sequence Prediction: transaction profiling and pattern matching for real-time risk and decisioning.
• Global reach and scale: products deployed in more than 70 countries, with ongoing investment to migrate capabilities to the FICO Platform.

Notable program updates and availability

• October 2025: Announced the FICO Mortgage Direct License Program, allowing tri-merge resellers and platform providers to calculate and distribute FICO Scores directly to mortgage originators while maintaining direct access through consumer reporting agencies.
• April 2026: Made FICO Score 10T available to mortgage lenders through the Mortgage Direct License Program, aligning with regulatory initiatives to expand access to modernized mortgage credit scoring data.

Financial and performance notes

• Global presence: FICO serves thousands of businesses in more than 70 countries and offers consumer-facing FICO Scores and related services.
• ARR emphasis: FICO Platform-based products generated $452.6 million in ARR as of September 30, 2026, comprising 53% of total software ARR.

Data and privacy

• FICO Scores rely on data from the major U.S. credit bureaus. Except for product development using de-personalized data, FICO does not collect or store consumer credit data.
• In many cases FICO does not sell scores directly to lenders; lenders are charged fees for scores, and the consumer reporting agencies also pay related fees.

Summary

FICO is a two-segment analytics software company focused on credit scoring (Scores) and enterprise decisioning (Software). The company emphasizes the FICO Platform to unify analytics, AI, and real-time decisioning across multiple use cases, maintains a broad global footprint, and continues product and program evolution, including mortgage-specific licensing.