FICO Q3 FY26: revenue up 25.7%, full-year guidance raised to $2.53 billion
FICO's quarter looks excellent on the surface: revenue up 25.7% to $674.19 million, gross margin of 87.1% and a raised full-year outlook. Read the details, though, and the growth comes almost entirely from one lever, the price of mortgage-origination scores, while $2.27 billion of stock was bought back with new borrowing. That mix keeps the overall read balanced rather than clean.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $10.45 versus $7.40 a year ago, and non-GAAP EPS was $12.18 versus $8.57, a 42.1% increase. The non-GAAP figure came in 1.8% above the $11.97 consensus estimate, while GAAP EPS fell 12.7% short of that same number. The $1.73 gap between the two is mostly share-based compensation of $2.31 per share.
Revenue of $674.19 million rose 25.7% from $536.42 million a year earlier, and gross margin widened to 87.1% from 83.7%. Almost all of the gain came from Scores, which rose 41.5% to $458.90 million, while software revenue was flat at $215.29 million. Management said B2B scores revenue increased 49%, mostly because of a higher mortgage-origination scores unit price.
Full-year revenue guidance moved to $2.53 billion from $2.45 billion, GAAP EPS to $36.86 from $35.60, and non-GAAP EPS to $42.43 from $40.45. Nine-month revenue was $1.88 billion, so reaching the new revenue number implies about $652.18 million in the September quarter alone. The release gives no margin or cash flow guidance, so the raised range is a revenue and earnings target, not a full picture.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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