Analyst Consensus ?
ConsensusBuy21 ratings
Bullish1571.4%
Neutral628.6%
Bearish00.0%
Fair Isaac Corporation · FICO · FY2026 Q2 · Calendar Q2 2026
FICO Q2 FY2026: Revenue Surges 39% YoY, Guidance Raised on Mortgage Score Strength
FICO's Q2 FY2026 results marked a sharp acceleration from the prior quarter, with revenue growth jumping from 16% to 39% YoY, driven by a 127% surge in mortgage origination scores and 72% B2B scores growth. The company raised full-year guidance to $2.45 billion — a notable shift from Q1, when management maintained guidance citing macro uncertainty. Platform ARR grew 49% with 136% net retention, and the introduction of performance-based pricing for Score 10T ($0.99 plus a $65 funding fee) signals an aggressive push for market share against VantageScore. The market responded positively, with an abnormal move of +3.3% on the report and a subsequent drift of +24% over the following sessions. The largest-ever $600 million share repurchase, funded by $214 million in free cash flow, further underscores management's confidence.
Reported After market closeNYSETechnology
$31.84B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$12.50
Consensus $10.89
EPS surprise
+14.8%
Reported versus consensus
Reported revenue
$691.7M
Consensus $630.2M
Revenue surprise
+9.8%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+3.3%
Event window
SPY move
-0.0%
Same window
Abnormal move
+3.3%
Stock minus SPY
Volume
1.3×
Versus trailing sessions
Subsequent drift
+24.2%
Up to 20 sessions
FICOSPY benchmark
Ask FN2 about FICO FY2026 Q2
Transcript, numbers and history already loaded
Why did FICO rise 3.3% after beating EPS estimates in FY2026 Q2?What changed in FICO's guidance and outlook in FY2026 Q2?Give me the bull and bear case for FICO after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Revenue accelerated to $692M (up 39% YoY) from $512M (up 16% YoY) in Q1, beating consensus estimates of $630M by 9.8%. EPS of $12.50 exceeded the $10.89 estimate by 14.8%. FY2026 revenue guidance was raised to $2.45B, reversing Q1's decision to maintain guidance. Mortgage origination scores surged 127% YoY and B2B scores rose 72%. Platform ARR growth accelerated to 49% (from 33% in Q1) with 136% net retention, while non-platform ARR continued to decline. FICO introduced performance-based pricing for Score 10T at $0.99 plus a $65 funding fee. The company executed a $600M share repurchase — its largest ever — funded by $214M in free cash flow, and issued $1B in senior notes due 2034 while redeeming $400M of existing notes. Management also disclosed 137 AI-related patents covering explainable and blockchain-enabled decisioning.
Guidance delta
FY2026 revenue guidance raised to $2.45 billion. In Q1, management had reiterated but not raised guidance, citing macroeconomic uncertainty. The Q2 raise marks a clear shift in posture, reflecting increased confidence in sustained mortgage volume growth and platform adoption. Guidance sentiment moved from maintained to raised.
Key takeaways
- Revenue grew 39% YoY to $692M, beating consensus by 9.8%; EPS of $12.50 beat the $10.89 estimate by 14.8%
- Mortgage origination scores drove a 127% YoY revenue surge; B2B scores up 72%
- Platform ARR grew 49% YoY with 136% net retention, while non-platform ARR continued to decline
- FY2026 guidance raised to $2.45B, reversing Q1's decision to hold guidance amid macro uncertainty
- New Score 10T performance pricing at $0.99 plus a $65 funding fee aims to accelerate adoption against VantageScore
- $600M share repurchase — the largest in company history — funded by $214M in free cash flow
Management priorities
- Launch FICO World 2026 conference in May
- Roll out performance-based pricing and direct licensing for Score 10T
- Continue expanding FICO Platform with new use-case integrations
- Develop and launch UltraFICO score, leveraging the Plaid partnership
- Advance AI research and commercialize the 137-patent portfolio
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$696.25Current
$700Low
$1,282.71Average
$2,515High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 28, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Equal Weight | Overweight | Downgrade | Oct 26, 2026 |
| UBS | Neutral | Neutral | Maintain | Oct 26, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Oct 26, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Oct 26, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Oct 19, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Oct 16, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Oct 13, 2026 |
| Needham | Buy | Buy | Maintain | Oct 13, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 2, 2026 |
| Baird | Outperform | Outperform | Maintain | Oct 2, 2026 |
| B of A Securities | Neutral | Buy | Downgrade | Sep 30, 2026 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Aug 3, 2026 |
| Jefferies | Buy | Buy | Maintain | May 4, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 2, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jul 31, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Apr 28, 2023 |
| Stephens & Co. | Overweight | Equal Weight | Upgrade | Mar 26, 2020 |
| Dougherty | Buy | Buy | Maintain | Jul 13, 2016 |
| Sidoti & Co. | Neutral | Buy | Downgrade | Mar 23, 2016 |
| William Blair | Outperform | Outperform | Maintain | Jan 26, 2016 |
| Feltl & Co. | Buy | Buy | Maintain | Nov 2, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $696.24. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| BMO Capital | Analyst unavailable | $897 | $755.97 | +28.8% | Oct 26, 2026 |
| Mizuho Securities | Sean Kennedy | $986 | $756.81 | +41.6% | Oct 26, 2026 |
| UBS | Kevin McVeigh | $942 | $815.31 | +35.3% | Oct 26, 2026 |
| Griffin | Ryan Griffin | $897 | $815.31 | +28.8% | Oct 26, 2026 |
| Wells Fargo | Jason Haas | $735 | $815.31 | +5.6% | Oct 26, 2026 |
| Mizuho Securities | Sean Kennedy | $1,063 | $771.19 | +52.7% | Oct 19, 2026 |
| RBC Capital | Ashish Sabadra | $1,045 | $763.25 | +50.1% | Oct 16, 2026 |
| Raymond James | Analyst unavailable | $1,230 | $728.4 | +76.7% | Oct 13, 2026 |
| Robert W. Baird | Analyst unavailable | $1,070 | $661.75 | +53.7% | Oct 2, 2026 |
| Goldman Sachs | Analyst unavailable | $1,129 | $661.75 | +62.2% | Oct 2, 2026 |
| Barclays | Analyst unavailable | $875 | $661.75 | +25.7% | Oct 2, 2026 |
| Griffin | Ryan Griffin | $1,150 | $646.74 | +65.2% | Oct 1, 2026 |
| Credit Suisse | Analyst unavailable | $1,150 | $617.87 | +65.2% | Sep 30, 2026 |
| Wells Fargo | Analyst unavailable | $950 | $617.87 | +36.4% | Sep 30, 2026 |
| Susquehanna | Analyst unavailable | $700 | $617.87 | +0.5% | Sep 30, 2026 |
| Barclays | Manav Patnaik | $935 | $617.87 | +34.3% | Sep 30, 2026 |
| Mizuho Securities | Sean Kennedy | $1,344 | $617.87 | +93.0% | Sep 29, 2026 |
| Goldman Sachs | Analyst unavailable | $1,322 | $840.89 | +89.9% | Sep 29, 2026 |
| Wells Fargo | Jason Haas | $1,350 | $924.52 | +93.9% | Sep 22, 2026 |
| UBS | Kevin McVeigh | $1,139 | $1,038.23 | +63.6% | Aug 12, 2026 |
| Barclays | Manav Patnaik | $1,700 | $1,041.4 | +144.2% | Aug 10, 2026 |
| Jefferies | Analyst unavailable | $1,675 | $1,122.97 | +140.6% | Aug 3, 2026 |
| RBC Capital | Ashish Sabadra | $1,525 | $1,149.47 | +119.0% | Jul 30, 2026 |
| Wells Fargo | Analyst unavailable | $1,450 | $1,373.08 | +108.3% | Jul 30, 2026 |
| UBS | Analyst unavailable | $1,270 | $1,240.17 | +82.4% | Jul 2, 2026 |
| UBS | Analyst unavailable | $1,250 | $1,181.62 | +79.5% | Jun 16, 2026 |
| Jefferies | Surinder Thind | $1,700 | $1,035.5 | +144.2% | May 4, 2026 |
| Wells Fargo | Analyst unavailable | $1,400 | $1,043.57 | +101.1% | Apr 30, 2026 |
| Needham | Analyst unavailable | $1,650 | $1,045.08 | +137.0% | Apr 29, 2026 |
| Raymond James | Analyst unavailable | $1,750 | $1,040.98 | +151.3% | Apr 29, 2026 |
| Robert W. Baird | Analyst unavailable | $1,549 | $1,010.16 | +122.5% | Apr 29, 2026 |
| UBS | Analyst unavailable | $1,150 | $944.99 | +65.2% | Apr 23, 2026 |
| Mizuho Securities | Sean Kennedy | $1,416 | $1,030.81 | +103.4% | Apr 16, 2026 |
| Barclays | Analyst unavailable | $1,950 | $932.42 | +180.1% | Apr 10, 2026 |
| UBS | Analyst unavailable | $1,350 | $1,165.23 | +93.9% | Mar 11, 2026 |
| Goldman Sachs | George Tong | $1,777 | $1,463.17 | +155.2% | Feb 2, 2026 |
| Jefferies | Analyst unavailable | $2,200 | $1,580.02 | +216.0% | Jan 16, 2026 |
| Wells Fargo | Jason Haas | $2,400 | $1,649.99 | +244.7% | Oct 14, 2025 |
| Seaport Global | Analyst unavailable | $2,250 | $1,674.28 | +223.2% | Oct 13, 2025 |
| Barclays | Analyst unavailable | $2,400 | $1,512.71 | +244.7% | Oct 2, 2025 |
| Seaport Global | Analyst unavailable | $1,800 | $1,494.3 | +158.5% | Oct 1, 2025 |
| Wells Fargo | Analyst unavailable | $2,300 | $1,496.53 | +230.3% | Oct 1, 2025 |
| Seaport Global | Analyst unavailable | $1,600 | $1,496.53 | +129.8% | Oct 1, 2025 |
| UBS | Kevin McVeigh | $1,640 | $1,544.05 | +135.5% | Sep 15, 2025 |
| Griffin | Ryan Griffin | $1,800 | $1,350 | +158.5% | Aug 18, 2025 |
| Needham | Kyle Peterson | $1,950 | $1,505.39 | +180.1% | Jul 16, 2025 |
| Griffin | Ryan Griffin | $2,000 | $1,591.73 | +187.3% | Jul 9, 2025 |
| Jefferies | Surinder Thind | $2,500 | $2,130 | +259.1% | May 14, 2025 |
| Barclays | Analyst unavailable | $2,250 | $1,673.98 | +223.2% | Apr 4, 2025 |
| Oppenheimer | Owen Lau | $2,515 | $2,343.44 | +261.2% | Dec 2, 2024 |
| Needham | Kyle Peterson | $2,500 | $2,019.56 | +259.1% | Nov 7, 2024 |
| Wells Fargo | Jason Haas | $2,200 | $1,943.52 | +216.0% | Oct 1, 2024 |
| Wells Fargo | Jason Haas | $2,100 | $1,720 | +201.6% | Aug 12, 2024 |
| Barclays | Manav Patnaik | $1,800 | $1,654.99 | +158.5% | Aug 7, 2024 |
| Jefferies | Robert Moskow | $1,450 | $1,150.66 | +108.3% | Apr 23, 2024 |
| Raymond James | Patrick O'Shaughnessy | $1,007 | $916.41 | +44.6% | Sep 6, 2023 |
| Needham | Kyle Peterson | $900 | $770.98 | +29.3% | Jun 8, 2023 |
| Goldman Sachs | Analyst unavailable | $614 | $581.78 | -11.8% | Nov 10, 2022 |
| Jefferies | Robert Moskow | $588 | $497.23 | -15.5% | Mar 5, 2022 |
Track every rating change on FICO the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFair Isaac Corporation, also known as FICO, delivers advanced analytics, software solutions, and data management services designed to help businesses optimize, automate, and interconnect their crucial decision-making processes. These offerings reach clients across the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The company operates through two main divisions: Software and Scores. The Software segment provides pre-configured decision management solutions catering to a variety of business challenges and operations, including marketing strategy, account creation, customer relations, engagement, fraud detection, financial crime compliance, and debt collection, alongside related professional services.…
Historical context
All FICO earningsTechnology peers this season
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|---|---|---|---|---|
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| GRMN Garmin Ltd. | FY2026 Q3 · Calendar Q4 2026 | — | -4.8% | Garmin raises FY2026 outlook as Q3 demand stays strong |
| TEL TE Connectivity plc | FY2026 Q4 · Calendar Q4 2026 | — | -1.4% | TE Connectivity: AI infrastructure drives FY2027 growth outlook |
| ADP Automatic Data Processing, Inc. | FY2027 Q1 · Calendar Q4 2026 | — | -2.5% | ADP raises outlook as AI rollout and bookings support FY27 growth |
| UMC United Microelectronics Corporation | FY2026 Q3 · Calendar Q4 2026 | — | -4.0% | UMC Q3 2026: record shipments, 34% gross margin, $3.2B capex added for AI packaging |
| SKHY SK hynix Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +1.9% | SK hynix leans into AI memory demand and 2027 capacity |
Latest beats and misses
Who reports nextBeat on EPS
- TERFY2026 Q3 · October 27, 2026+9.6% EPS-3.7% move
- HLTFY2026 Q3 · October 27, 2026+3.4% EPS-2.1% move
- SPGIFY2026 Q3 · October 27, 2026+3.4% EPS-0.4% move
- PYPLFY2026 Q3 · October 27, 2026+10.7% EPS+2.0% move
- CMSAFY2026 Q3 · October 27, 2026+6.7% EPS0.0% move
- ITWFY2026 Q3 · October 27, 2026+2.4% EPS-0.1% move
Missed on EPS
- WMFY2026 Q3 · October 27, 2026-1.4% EPS-3.2% move
- ARCCFY2026 Q3 · October 27, 2026-3.4% EPS-0.5% move
- WSOFY2026 Q3 · October 27, 2026-8.0% EPS-1.4% move
- IVZFY2026 Q3 · October 27, 2026-2.7% EPS-0.4% move
- SHWFY2026 Q3 · October 27, 2026-1.6% EPS-2.7% move
- BAFY2026 Q3 · October 27, 2026-33.4% EPS-10.7% move
Get the FICO recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-30T12:51:33.111646+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-30T12:51:33.108954+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-07-30. For educational purposes only; not investment advice.