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# FICO Revenue Climbs 27% To $657 Million, Then Company Withholds Fiscal 2027 Guidance
- URL: https://www.bullished.co/fico-revenue-climbs-27-to-657-million-then-company-withholds-fiscal-2027-guidance-3c97ea2e/
- Published: 2026-11-04T22:47:17.000Z
- Updated: 2026-11-04T22:47:17.000Z
- Description: Mortgage score pricing lifted Scores sales 33%, but FICO says a pricing transition and a weak mortgage market keep it from guiding.
- Author: Matteo Parrino
- Tags: SEC Filings, FICO, Industry: Technology

[FICO](https://www.bullished.co/tag/fico/), which makes the FICO Score and analytics software, said fourth-quarter revenue climbed 27% to [$657.0 million](https://www.sec.gov/Archives/edgar/data/0000814547/000081454726000037/exhibit991erq42026.htm?ref=bullished.co), from $515.8 million a year earlier. In the same release, the company said it is not providing fiscal 2027 guidance because it is midway through a shift to customized mortgage pricing.

## Scores did the heavy lifting

Scores revenue rose 33% to $413.8 million from $311.6 million. Business-to-business revenue within it grew 39%, which the company attributed mainly to a higher unit price for mortgage origination scores, partly offset by fewer mortgage originations. Consumer revenue rose 3%, on higher royalties from scores sold indirectly through credit reporting agencies.

Software revenue grew 19% to $243.2 million from $204.2 million. Software annual recurring revenue rose 14% as of September 30, 2026, built from a 72% jump in platform ARR and an 18% decline in non-platform ARR. Dollar-based net retention was 112%, with platform software at 156% and non-platform at 82%.

Net income was [$175.0 million](https://www.wusa9.com/article/syndication/associatedpress/fair-isaac-fiscal-q4-earnings-snapshot/616-e00e9b31-f593-4a1a-84ee-60201277615e?ref=bullished.co), or $8.12 per share, against $155.0 million, or $6.42, a year earlier. It included a $65 million accrual for a proposed settlement of antitrust class actions tied to the Scores business, a $27 million restructuring charge for a workforce reduction, and a $48 million gain on selling an equity investment. Adjusted earnings were $11.10 per share, versus $7.74.

Free cash flow was $284.3 million for the quarter, and $1.03 billion for the full fiscal year against $739.4 million the year before.

## No fiscal 2027 outlook

FICO said it is moving to mortgage origination pricing tailored to individual customers. One such effort, the FICO Preferred Program, has had several deals announced, and the company is working on other programs covering calendar-year 2027\. Just two days before earnings, Guild Mortgage, PennyMac Financial Services and New American Funding [signed on as lenders](https://www.businesswire.com/news/home/20261102309318/en/Guild-Mortgage-New-American-Funding-and-PennyMac-Financial-Services-Join-Growing-Roster-of-FICO-Preferred-Program-Lenders?ref=bullished.co).

The company said elevated interest rates and affordability problems keep loan originations below historical norms. "We are in the middle of this pricing transition," it said, with programs still being finalized and mortgage-market outcomes uncertain, so it will not give fiscal 2027 guidance for now.

CEO Will Lansing said, "Our team continues to execute well despite a turbulent macro environment."

## Buybacks and a heavier debt load

FICO spent $3.05 billion on share repurchases in fiscal 2026, versus $1.41 billion the year before. Long-term debt stood at $4.92 billion at September 30, 2026, up from $2.66 billion, and the stockholders' deficit widened to $3.87 billion from $1.75 billion.

FICO hosts a webcast at 5:00 p.m. Eastern on Wednesday to walk through the results and strategic updates.

Learn

- [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — FAIR ISAAC CORP (FICO)](https://www.sec.gov/Archives/edgar/data/0000814547/000081454726000037/fico-20261104.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit exhibit991erq42026.htm — FAIR ISAAC CORP 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0000814547/000081454726000037/exhibit991erq42026.htm?ref=bullished.co) — SEC EDGAR
- [Fair Isaac: Fiscal Q4 Earnings Snapshot | wusa9.com](https://www.wusa9.com/article/syndication/associatedpress/fair-isaac-fiscal-q4-earnings-snapshot/616-e00e9b31-f593-4a1a-84ee-60201277615e?ref=bullished.co) — Associated Press
- [FICO Announces Earnings of $8.12 per Share for Fourth Quarter Fiscal 2026](https://www.businesswire.com/news/home/20261104478581/en/FICO-Announces-Earnings-of-%248.12-per-Share-for-Fourth-Quarter-Fiscal-2026?ref=bullished.co) — businesswire.com
- [Guild Mortgage, New American Funding and PennyMac Financial Services Join Growing Roster of FICO® Preferred Program Lenders](https://www.businesswire.com/news/home/20261102309318/en/Guild-Mortgage-New-American-Funding-and-PennyMac-Financial-Services-Join-Growing-Roster-of-FICO-Preferred-Program-Lenders?ref=bullished.co) — businesswire.com

### More on Fair Isaac

- [Fair Isaac Plans To Eliminate About 15% Of Positions, With A $27.0 Million Charge Due In Fourth Quarter](https://www.bullished.co/fair-isaac-plans-to-eliminate-about-15-of-positions-with-a-27-0-million-charge-due-in-cb03d7f9/)

[All Fair Isaac (FICO) coverage →](https://www.bullished.co/tag/fico/)