Revenue of $692 million vs. $499 million in prior year
April 28, 2026 at 4:15 PM EDT
BOZEMAN, Mont.–(BUSINESS WIRE)–Apr. 28, 2026– FICO (NYSE:FICO), a global analytics software leader, today announced results for its second fiscal quarter ended March 31, 2026.
Second Quarter Fiscal 2026 GAAP Results
Net income for the quarter totaled $264.5 million, or $11.14 per share, versus $162.6 million, or $6.59 per share, in the prior year period.
Net cash provided by operating activities for the quarter was $223.4 million versus $74.9 million in the prior year period.
Second Quarter Fiscal 2026 Non-GAAP Results
Non-GAAP Net Income for the quarter was $296.8 million versus $192.7 million in the prior year period. Non-GAAP EPS for the quarter was $12.50 versus $7.81 in the prior year period. Free cash flow was $214.3 million for the current quarter versus $65.5 million in the prior year period. The Non-GAAP financial measures are described in the financial table captioned “Non-GAAP Results” and are reconciled to the corresponding GAAP results in the financial tables at the end of this release.
Second Quarter Fiscal 2026 GAAP Revenue
The company reported revenues of $691.7 million for the quarter as compared to $498.7 million reported in the prior year period, an increase of 39%.
“We continue to deliver strong revenue and earnings growth,” said Will Lansing, chief executive officer. “We are pleased to announce that we are raising our full year guidance.”
Revenues for the second quarter of fiscal 2026 for the company’s two operating segments were as follows:
- Scores revenues, which include the company’s business-to-business (B2B) scoring solutions, and business-to-consumer (B2C) solutions, were $475.0 million in the second quarter, compared to $297.0 million in the prior year period, an increase of 60%. B2B revenue increased 72%, primarily attributable to a higher mortgage origination scores unit price and an increase in volume of mortgage originations. B2C revenue increased 5% from the prior year period due mainly to increased revenue from our indirect channel partners.
- Software revenues, which include the company’s analytics and digital decisioning technology, were up 7% year- over-year with $216.7 million in the second quarter, compared to $201.7 million in the prior year period. On March 31, 2026, Software Annual Recurring Revenue was up 10% year-over-year, consisting of a 49% increase in platform ARR and an 8% decline in non-platform ARR. The total Software Dollar-Based Net Retention Rate was 109% on March 31, 2026, with platform software at 136% and non-platform software at 90%.
Outlook
The company is updating its previously provided guidance for fiscal 2026:
The Non-GAAP financial measures are described in the financial table captioned “Reconciliation of Non-GAAP Guidance.”
To View the full report click here.
Company to Host Conference Call
The company will host a webcast on April 28, 2026, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to report its second quarter fiscal 2026 results and provide various strategic and operational updates. The call can be accessed at FICO’s web site at www.fico.com/investors. A replay of the webcast will be available on our Past Events page through April 28, 2027.
About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 U.S. and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting four billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top U.S. lenders, is the standard measure of consumer credit risk in the U.S. and has been made available in over 40 other countries, improving risk management, credit access and transparency.
Learn more at https://www.fico.com/en
FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.
Source: FICO Earnings Release
