Fair Isaac Corporation (FICO) Stock

Fair Isaac Corporation (FICO) is a Technology stock trading at $1205.52 (as of 2026-07-15), with a market capitalization of $27.96B and a trailing P/E of 36.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Fair Isaac Corporation develops analytics and software/data management offerings and operates through two segments: Scores and Software. The Software segment provides decision-management solutions and related professional services, including modular FICO Platform and configurable analytic and decisioning software; the Scores segment supplies business-to-business scoring and consumer scoring subscriptions such as myFICO.com for use in transaction and decision processes.

Understand Fair Isaac Corporation: how it makes money

Fair Isaac (FICO) develops analytics and decision management software, and sells its offerings through two areas, Scores and Software, generating revenue from software solutions and related recurring revenue streams for business decision automation.

FICO’s profit engine is recurring decision-management software demand, where durability and expansion are reflected in net revenue retention across the platform and non-platform areas, supported by Software annual recurring revenue and FICO Platform annual recurring revenue.

Revenue by segment (latest quarter)
Scores	$0.5B
Software	$0.2B

Business quality (Strong): Strong recurring-revenue indicators (Software annual recurring revenue) and high net revenue retention (especially for the platform) point to stable monetization, but the non-platform retention is meaningfully lower, which is a key swing factor to watch.

Valuation: Trades at 35× trailing earnings · $25B market cap.

Bull case

Recurring revenue is a core driver, with Software annual recurring revenue of 0.56 USD_B: This supports the idea that a meaningful portion of results comes from ongoing software consumption rather than purely one-time activity.
Retention looks strong overall, with Overall net revenue retention of 117 percent: The platform side also shows very strong retention (Platform dollar-based net revenue retention of 136 percent), suggesting existing customers keep expanding on the platform.

Bear case

Non-platform retention is lower than the overall and platform measures, at Non-platform net revenue retention of 90 percent: If non-platform performance weakens further, it could offset stronger platform retention and pressure total revenue durability.
Net revenue retention varies by construct, with Dollar-based net revenue retention of 114 percent versus Non-platform dollar-based net revenue retention of 91 percent: This dispersion implies growth may not be uniform across product categories, creating execution risk in non-platform areas.

Valuation — source: SEC EDGAR (first-party)
Price	$1205.52
Market Cap	$27.96B
P/E Ratio	36.8
EV / EBITDA	27.2
Price / Sales	12.39
FCF Yield	3.8%
DCF Value (model)	$654.66
DCF Upside vs Price	-45.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$1.99B
Net Margin	32.7%
Revenue Growth (YoY)	38.7%
EPS Growth (YoY)	67.8%
FCF Growth (YoY)	445.3%

Financial Health — source: SEC EDGAR
Altman Z-Score	10.76 (safe)
Piotroski F-Score	7/9 (strong)

Valuation vs Sector & Industry
Stock P/E	36.8
Sector P/E (Technology)	34.5
Industry P/E (Business Services)	30.8
vs Sector	6.7%
vs Industry	19.4%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($5.07B)
Institutional Holders Tracked	10
Congressional Trades (recent)	9

Company
Sector	Technology
Industry	Business Services
CEO	William J. Lansing
Employees	3,718
Country	US
IPO Date	1987-07-22

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Data as of 2026-07-15.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.