Fair Isaac Corporation
NYSE: FICO · TECHNOLOGY · SOFTWARE - APPLICATION
Updated 2026-06-05
Fair Isaac Corporation (FICO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $825.37M | $822.24M | $744.84M | $630.74M | $605.64M | $619.68M | $676.42M | $743.44M | $788.99M | $838.78M | $881.36M | $932.17M | $1.03B | $1.16B | $1.29B | $1.32B | $1.38B | $1.51B | $1.72B | $1.99B |
| Revenue growth (YoY) | — | -0.4% | -9.4% | -15.3% | -4.0% | +2.3% | +9.2% | +9.9% | +6.1% | +6.3% | +5.1% | +5.8% | +10.8% | +12.4% | +11.6% | +1.7% | +4.6% | +9.9% | +13.5% | +15.9% |
| Cost of revenue | $281.98M | $293.48M | $274.92M | $206.45M | $180.93M | $186.47M | $197.95M | $229.47M | $249.28M | $270.54M | $265.17M | $287.12M | $310.70M | $336.85M | $361.14M | $332.46M | $302.17M | $311.05M | $348.21M | $353.72M |
| Gross profit | $543.39M | $528.75M | $469.93M | $424.29M | $424.71M | $433.21M | $478.48M | $513.98M | $539.70M | $568.25M | $616.18M | $645.05M | $721.78M | $823.24M | $933.42M | $984.07M | $1.08B | $1.20B | $1.37B | $1.64B |
| Gross margin | 65.8% | 64.3% | 63.1% | 67.3% | 70.1% | 69.9% | 70.7% | 69.1% | 68.4% | 67.7% | 69.9% | 69.2% | 69.9% | 71.0% | 72.1% | 74.7% | 78.1% | 79.4% | 79.7% | 82.2% |
| R&D | $84.97M | $70.60M | $77.79M | $73.63M | $73.58M | $62.13M | $59.53M | $66.97M | $83.44M | $98.82M | $103.67M | $110.87M | $128.38M | $149.48M | $166.50M | $171.23M | $146.76M | $159.95M | $171.94M | $188.35M |
| SG&A | $260.85M | $285.54M | $245.64M | $209.32M | $225.26M | $223.62M | $238.52M | $268.39M | $274.40M | $296.30M | $325.34M | $339.80M | $372.81M | $410.49M | $412.23M | $389.38M | $375.76M | $390.76M | $462.83M | $513.03M |
| Operating income | $152.72M | $148.47M | $122.28M | $116.75M | $113.35M | $127.34M | $168.36M | $161.59M | $161.87M | $137.50M | $169.59M | $182.16M | $175.36M | $253.55M | $295.97M | $505.49M | $542.41M | $642.83M | $733.63M | $924.85M |
| Operating margin | 18.5% | 18.1% | 16.4% | 18.5% | 18.7% | 20.5% | 24.9% | 21.7% | 20.5% | 16.4% | 19.2% | 19.5% | 17.0% | 21.9% | 22.9% | 38.4% | 39.4% | 42.5% | 42.7% | 46.5% |
| EBITDA | $221.08M | $200.06M | $172.82M | $161.47M | $147.35M | $154.02M | $189.21M | $195.43M | $194.31M | $172.28M | $202.84M | $218.29M | $218.43M | $287.44M | $329.54M | $538.83M | $560.74M | $663.81M | $761.49M | $951.19M |
| EBITDA margin | 26.8% | 24.3% | 23.2% | 25.6% | 24.3% | 24.9% | 28.0% | 26.3% | 24.6% | 20.5% | 23.0% | 23.4% | 21.2% | 24.8% | 25.5% | 40.9% | 40.7% | 43.9% | 44.3% | 47.8% |
| EBIT | $172.38M | $150.93M | $133.33M | $123.05M | $116.43M | $129.82M | $167.66M | $162.21M | $161.68M | $138.39M | $171.20M | $182.07M | $188.24M | $255.82M | $299.18M | $513.23M | $540.28M | $649.17M | $747.66M | $936.24M |
| Interest expense | $8.57M | $12.77M | $20.34M | $25.48M | $24.12M | $32.36M | $31.73M | $30.28M | $28.55M | $29.15M | $26.63M | $25.79M | $31.31M | $39.75M | $42.18M | $40.09M | $68.97M | $95.55M | $105.64M | $133.65M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $103.49M | $104.65M | $83.95M | $65.10M | $64.46M | $71.56M | $92.00M | $90.09M | $94.88M | $86.50M | $109.45M | $128.26M | $142.41M | $192.12M | $236.41M | $392.08M | $373.54M | $429.38M | $512.81M | $651.95M |
| Net income growth (YoY) | — | +1.1% | -19.8% | -22.5% | -1.0% | +11.0% | +28.6% | -2.1% | +5.3% | -8.8% | +26.5% | +17.2% | +11.0% | +34.9% | +23.1% | +65.8% | -4.7% | +14.9% | +19.4% | +27.1% |
| Profit margin | 12.5% | 12.7% | 11.3% | 10.3% | 10.6% | 11.5% | 13.6% | 12.1% | 12.0% | 10.3% | 12.4% | 13.8% | 13.8% | 16.6% | 18.3% | 29.8% | 27.1% | 28.4% | 29.9% | 32.7% |
Frequently asked questions
What is Fair Isaac Corporation's revenue?
Fair Isaac Corporation's trailing twelve-month revenue is $2.26B, and consensus projects about $4.70B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is FICO?
In its most recent fiscal year, FICO ran a gross margin of 82.23%, an operating margin of 46.45%, and a net margin of 32.75%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does FICO generate?
FICO produced $769.88M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is FICO's balance sheet healthy?
FICO holds $134.14M in cash and equivalents against $2.66B in long-term debt, on $-1.75B of shareholder equity. That debt is best read against the cash flow the business throws off each year.