Fair Isaac Inc (FICO)

Verdata Joins FICO Marketplace to Help Financial Institutions Strengthen Small Business DecisioningJuly 6, 2026 12:52 PM
PR Newswire (US) Comprehensive new data and risk insights enable faster underwriting, onboarding, and portfolio monitoringATLANTA, July 6, 2026 /PRNewswire/ -- Verdata, a provider of small- and medium-sized business (SMB) data and risk insights for financial institutions and fintechs, today announced a strategic partnership with FICO, a global analytics software leader, through which Verdata's solutions will be available on FICO® Marketplace. As financial institutions, payment providers, and fintechs expand their SMB portfolios, they face growing pressure to make faster, more confident decisions with data that is often fragmented, outdated, or difficult to connect. Through FICO® Marketplace, organizations can now access Verdata's actionable data and risk insights directly within their decisioning workflows. This enables teams to evaluate SMBs, monitor portfolio changes, and surface meaningful risk signals without relying on disconnected checks or new point-to-point integrations.Verdata brings together 25M+ public, private, and consortium-based data records across firmographics, regulatory activity, business performance, financial indicators, principals, licensing, service reputation, and ongoing change signals. For lenders, payment providers, marketplaces, and other organizations, these insights help to significantly reduce manual review, identify changes sooner, and support stronger decisions across onboarding, underwriting, lead scoring, compliance, and portfolio monitoring."Financial institutions expanding their SMB portfolios need data they can act on," said Jason Andrew, chief revenue officer at FICO. "FICO Marketplace was built to eliminate the friction between insight and action with intelligent decisioning, and Verdata's SMB solutions deliver critical business context our customers need, directly within the workflows where decisions are made.""All organizations serving small and medium-sized businesses face pressure to make faster and smarter decisions. Traditional data sources leave critical gaps like incomplete, outdated, or disconnected data elements," said Mike Mondelli, CEO of Verdata. "By adding Verdata's business intelligence to the FICO® Marketplace, we enable organizations to incorporate complete, current, and actionable data into their decisioning ecosystem, helping them evaluate businesses faster, act with confidence, and strengthen outcomes across the customer lifecycle."FICO Marketplace is accessible directly within FICO® Platform and enables customers to leverage a catalog of offerings from trusted and pre-vetted providers. The marketplace reshapes how organizations gain value from AI by enabling rapid discovery and deployment of data, analytics and decisioning assets that fuel intelligent decisioning and drive better business outcomes.To learn more, visit FICO® Marketplace.About Verdata
Verdata is a small and medium-size business data and risk intelligence platform that helps organizations make clearer, faster, and more confident decisions across onboarding, underwriting, lead scoring, compliance, and portfolio monitoring. Leveraging its proprietary data consortium and unifying fragmented business data into an actionable intelligence layer, Verdata gives lenders, payment providers, marketplaces, and other organizations greater visibility into business identity, risk, and change.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 US 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 4 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 US and has been made available in over 40 other countries, improving risk management, credit access and transparency.Learn more at https://www.fico.com/enJoin the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/
For FICO news and media resources, visit https://www.fico.com/en/newsroom
FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.Media Contact: Eran Fabian, Eran.Fabian@Verdata.com View original content to download multimedia:https://www.prnewswire.com/news-releases/verdata-joins-fico-marketplace-to-help-financial-institutions-strengthen-small-business-decisioning-302818541.htmlSOURCE Verdata Original: Verdata Joins FICO Marketplace to Help Financial Institutions Strengthen Small Business Decisioning

FICO Applauds Release of Historical FICO Score 10T Data by Fannie Mae and Freddie MacJuly 1, 2026 4:30 PM
Business Wire More than a decade of loan-level performance data has been released to support evaluation and adoption of industry’s most predictive credit score FICO (NYSE: FICO), global analytics software leader, today announced that Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, have released expanded historical datasets for FICO® Score 10T, covering loan-level performance data from April 2013 through September 2025. The newly available datasets represent a significant milestone in the mortgage industry’s transition to modernized credit scoring. The data enables lenders, investors, and housing finance stakeholders to evaluate the performance of FICO® Score 10T using real-world, GSE loan-level information. The FICO® Score 10T historical datasets are available directly from the GSEs: Fannie Mae: https://historicalcreditscores.fanniemae.com Freddie Mac: https://sf.freddiemac.com/general/credit-score-models “The Federal Housing Finance Agency and the GSEs have taken an important step forward in advancing the credit score modernization effort with the release of the FICO Score 10T historical data,” said Julie May, vice president and general manager of B2B Scores at FICO. “FICO Score 10T is the most predictive credit score model available, built on a long history of trusted performance designed to support the safety and soundness of the housing market. We’re eager for market participants to dig into the data to independently validate the strength of the model and see how its use can expand access for borrowers while supporting a more resilient housing finance system.” FICO® Score 10T incorporates trended credit data and, when available in the credit bureau file, rental payment history, giving lenders a more complete view of how consumers manage credit and housing payments over time. To ensure lenders can evaluate the findings for themselves, FICO® Score 10T is currently available at no cost alongside Classic FICO through the FICO Score 10T Free Access Program. Nearly 70 lenders have already signed up. For more information on how to sign up for the FICO Score 10T Free Access Program, visit the FICO Score 10T Migration Resource Center. 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 100 countries do everything from protecting 4 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 Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs For FICO news and media resources, visit https://www.fico.com/en/newsroom FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries. View source version on businesswire.com: https://www.businesswire.com/news/home/20260701008087/en/ Media Contact
press@FICO.com Original: FICO Applauds Release of Historical FICO Score 10T Data by Fannie Mae and Freddie Mac

FICO UK Credit Card Market Report: April 2026June 24, 2026 4:00 AM
Business Wire Balances return to record high as spend increases and repayments fall, suggesting inflation and energy prices are hitting hard New credit card data analysis by global analytics software leader FICO (NYSE: FICO) has found that spending rose in April, following typical Easter behaviour. However, we are seeing a strong trend downwards with the percentage of balance being paid, and this is driving up overall balances. The percentage of balance paid fell for the third month in a row and late payments increased year-on-year, balances returned to record high levels. This marks a notable shift from the improvements seen in 2025 for the percentage of customers missing payments. In April, there was the biggest increase in consumers missing three payments. Household budgets are clearly showing the strain from persistent inflation and the current fallout from volatile global energy prices. Highlights Spending rose 10% month-on-month, reaching an average of £815 Average active balances increased 1.3% month-on-month to £1,950, matching the record high reached in December 2025 The percentage of overall balance paid decreased 1.4% month-on-month to 32.6%, continuing the downward trend that has persisted since 2025 and approaching the pre-pandemic average of 30% The percentage of customers missing two payments rose 1.9% month-on-month and 16.3% year-on-year The percentage of customers missing three payments also increased month-on-month by 6.2% and 17.3% year-on-year – the most significant annual deterioration seen across any delinquency category Balances on accounts with missed payments were higher across all delinquency categories than the same month last year Overlimit accounts increased sharply, by 14.1% month-on-month and 4.6% year-on-year FICO Comment: April 2026 presents a mixed but broadly concerning picture for lenders. With consumer spending rising, but repayments falling, more customers have fallen into arrears and gone over their credit limit. The monthly growth in spending does not go far enough to rise above 2025 levels, suggesting that any improvements are likely to be seasonal rather than a sign of stronger financial health. And with average balances now matching the record high from December 2025, it is clear that consumers are carrying more debt in 2026. Despite the slight month-on-month improvement in the number of accounts with one missed payment after a spike in March, the figure remains 4.9% higher year on year. And those customers who are missing payments for the first time are doing so with a higher level of debt than a year ago, with average balance for accounts with one missed payment rising by 6.7% year-on-year to £2,480. The picture for late payments is particularly concerning for those missing multiple payments. The percentage of accounts with two and three missed payments has grown more sharply. And average balances for two and three missed payments are 0.5% and 3.4% higher than 2025, at £2,855 and £3,325, respectively. The other signal of weakened affordability is the number of overlimit accounts, which increased sharply by 14.1% month-on-month, and 4.6% year-on-year. Average overlimit spending of £95 represents a 5.9% drop on March but remains 5.5% higher than the previous year. With seasonal spending increases likely to put further pressure on already stretched affordability levels, risk managers should prioritise proactive pre-delinquency intervention strategies and enhanced early warning monitoring ahead of the summer. Key Trend Indicators – UK Cards April 2026 Metric Amount Month-on-Month Change Year-on-Year Change Average UK Credit Card Spend £815 +10.0% -1.3% Average Card Balance £1,950 +1.3% +4.1% Percentage of Payments to Balance 32.6% -1.4% -4.1% Accounts with One Missed Payment 1.4% -19.5% +4.9% Accounts with Two Missed Payments 0.4% +1.9% +16.3% Accounts with Three Missed Payments 0.2% +6.2% +17.3% Average Credit Limit £5,960 +0.2% +2.0% Average Overlimit Spend £95 -5.9% +5.5% Cash Sales as a % of Total Sales 0.8% +2.4% -0.9% Source: FICO These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80% of UK card issuers. For more information on these trends, contact FICO. 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 US 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 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at www.fico.com. FICO and TRIAD are registered trademarks of Fair Isaac Corporation in the United States and other countries. View source version on businesswire.com: https://www.businesswire.com/news/home/20260624361500/en/ For further press information please contact:
FICO UK PR Team
Wendy Harrison/Matthew Enderby
ficoteam@harrisonsadler.com
0208 977 9132 Original: FICO UK Credit Card Market Report: April 2026

Thought: Why should we be concerned about FICO's P/E?

One of the reasons we should be worried about the P/E multiple is FICO is likely going from being seen as a growth stock to a value stock in terms of perception. Meaning the acceptable P/E multiple should be lower.

Will the buyback program override this concern? While FICO still had the moat from the GSE's in place this would be the case. But with FICO raising revenue from price increases, this begs the question when does FICO lose the ability to simply raise prices to cover increasing amounts of debt. When do they have to lower FICO score prices to compete with VantageScore? The basic foundation of EPS ...is earnings...and earnings takes into consideration debt servicing. It appears FICO took on $3B more in debt this year to cover pay for the share repurchase program. While this props up the stock, the end result is FICO just took on a huge annual debt payment.....no big deal if they can continue to raise revenue. But when the revenues fall off and they have to compete on price...then the amount of stock they can buy back either goes away or is extremely limited. Eventually it balances out....and FICO becomes a value stock with smaller consistent margins...and the stock price will probably be much lower than it is today.

So FINTEL updated and appears First Nebraska Trust Co sold their entire position the day of the announcement that FICO doubled their share repurchase program. Although not one of the biggest positions, a quick google search showed they owned over 5,000 shares of the stock at the time of the liquidation. They sold on the spike that occurred that day.

This stock is a classic example of how it looks like institutions are support the stock while slowly selling out of their positions over time while the company loads up on debt. Fintel shows that back in 2022 there was a dramatic sell off by institutions (50 percent). Many of these institutions have owned for decades and they have already made tons of $$ off those positions to the point where it does not matter if the position goes to zero now or 2-3 years from now as long as the company keeps buying back shares. They do not care if FICO is loading up the balance sheet with debt. They slowly and patiently selling out. The reason the current increase to the share repurchase program is important is it has dramatically increased the debt on the balance sheet. FICO's moat has eroded significantly since the prices increases are not matching the revenue increases. Although, I do not believe FICO will go away as a company, it will get to a point where the revenue gains falter and the debt burden saddles them with zero growth. It doesnt matter if the their EPS is high if they have a debt burden that is keeping pace with revenue. This is a stock only the long institutional holders are winning at....buy selling into the spikes caused by the repurchase program.

FICO Essentially doubled their share repurchase program last week. It appears they burned through $1B of the $1.5B authorized in February 2026....in 71 trading days. We saw the price of the stock drop continually drop through that period. So they are buying back shares hand over fist. The got another loan for $1.5B and added to their $500M remaining from previously authorization. Expectation is $3B in share repurchases this year all with additional debt being placed on the books. Its a been about a week. The share initially popped on news ...but now have pulled back a bit. Seeing trend for early spike in stock price at beginning of the day which people are selling into with stock settling back to open price or lower. Right now the jury is still out whether this will eventually cause the stock price to rise but one thing is certain they just added a truck load of debt to their balance sheet they will have to service going forward. Vantage Score in roads in the GSE portion of the mortgage market have only just started and FICO is going to increase pricing ignoring the fact that lenders, insurance underwriters, etc are actively looking for cheaper alternatives...once the framework for all that is setup. I expect FICO lose the ability to raise scoring prices to pay for the share repurchases.

FICO Announces New Stock Repurchase Authorization, New Term Loan and Accelerated Share Repurchase ProgramJune 8, 2026 9:15 AM
Business Wire FICO (NYSE:FICO), a global analytics software leader, today announced that its Board of Directors has approved a stock repurchase program to acquire up to $2.0 billion of the company’s outstanding common stock. This new program replaces the remaining availability under FICO’s previous $1.5 billion stock repurchase program. The new stock repurchase program, which is open-ended, allows the company to repurchase its shares from time to time in the open market and in negotiated transactions, including accelerated share repurchase programs like the one described below. Also on June 5, 2026, FICO entered into an amendment to its credit agreement to, among other things, provide for an incremental term loan in the amount of $1.5 billion, the full amount of which was drawn on June 5, 2026. FICO intends to use the proceeds of the term loan to fund an accelerated share repurchase (ASR) program pursuant to an agreement it has entered into with Wells Fargo Securities, Inc. (“Wells Fargo”). Pursuant to the ASR agreement, on June 8, 2026, FICO will make an upfront payment of $1.5 billion to Wells Fargo and FICO expects to receive an initial delivery of approximately 1,055,100 shares of common stock, providing the company with prompt share count reduction. The final number of shares to be repurchased will be based on the volume-weighted average price of the company’s common stock during the term of the ASR agreement, less a discount and subject to customary adjustments. At final settlement, the company may receive additional shares or, under certain circumstances, may be required to deliver shares or make a cash payment pursuant to the terms of the ASR agreement. The transactions under the ASR agreement are expected to be completed by the end of FICO’s current fiscal year, September 30, 2026. 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 Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/ For FICO news and media resources, visit https://www.fico.com/en/newsroom FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries. Statement Concerning Forward-Looking Information Except for historical information contained herein, the statements contained in this news release that relate to FICO, its business and the ASR are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the impact of macroeconomic conditions on FICO’s business, operations and personnel, the success of the Company’s business strategies, the maintenance of its existing relationships and ability to create new relationships with customers, distributors and other business partners, its ability to continue to develop new and enhanced products and services and to enter new markets, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use or costs of consumer credit and other data, the failure to protect such data, the failure to realize the anticipated benefits of any acquisitions, or divestitures, and material adverse developments or uncertainty in global economic conditions or in the markets or industries that the Company serves. Additional information on these risks and uncertainties and other factors that could affect FICO’s future results are described from time to time in FICO’s SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2025 and its subsequent filings with the SEC. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. FICO disclaims any intent or obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260608352343/en/ Investors/Analysts:
Dave Singleton
(800) 459-7125
investor@fico.com   Original: FICO Announces New Stock Repurchase Authorization, New Term Loan and Accelerated Share Repurchase Program

Vietnam Maritime Bank Achieves 200% Faster Loan Approvals with Intelligent Decisioning from FICOJune 4, 2026 7:24 PM
Business Wire MSB partners with FICO and Blitz to transform lending operations, accelerating decisions and reducing risk across its eight-million-strong customer base FICO (NYSE: FICO) - Vietnam Maritime Bank (MSB), one of Vietnam's most established financial institutions, has achieved a 200% improvement in loan approval speed using FICO's proven and powerful decisioning capabilities, implemented in partnership with regional technology specialist Blitz in just 10 months. By reducing loan turnaround time from 30 to 15 minutes, the solution is already reshaping how MSB serves its more than eight million retail customers and nearly 100,000 business clients. The intelligent decisioning system combines AI and machine learning models with rule-based decisioning to automate and standardize credit approval processes, dramatically reducing manual error rates and enabling MSB to bring new digitized lending products to market faster across a range of customer segments. “The bank can now approve loans with a level of speed and accuracy that was previously unattainable,” said Mr. Nguyen Quang Man, Deputy Chief Risk Officer of MSB and Steering Committee member for the Decision Engine Implementation Project. “The ability to adapt quickly as market conditions evolve gives MSB a real competitive edge. We are excited to explore how we can extend our partnership with FICO and Blitz into customer management and debt collection as the next phase of the transformation.” For a bank operating 260 branches, nearly 400 international correspondent banking relationships, and a workforce of over 7,000 people, the ability to make faster, more consistent credit decisions at scale is a significant operational shift. FICO’s advanced decisioning capabilities standardize policy rules across the institution, ensuring that every loan assessment reflects the same logic and risk appetite, regardless of channel or product type. "MSB set out to solve a real business problem: how do you grow your lending book and serve customers faster without compromising on risk?” said Timothy Choon, Senior Director, ASEAN North at FICO. “The outstanding results demonstrate the power of advanced analytics and decision management technology in revolutionizing banking operations. MSB's success story serves as an inspiring example for financial institutions across Asia looking to enhance their competitive advantage through intelligent automation.” “Bringing together FICO's intelligent decisioning technologies with local support is where Blitz adds real value,” said Mr. Chia Han Meng, CEO of Blitz. “MSB's results prove that when implementation expertise is matched with the right solution, the outcomes for customers, and for the business, are transformative. MSB now has a decisioning infrastructure that can scale with its ambitions.” About MSB Established in 1991, MSB has consistently reached significant milestones within the banking and financial sector. Currently, MSB operates a nationwide network of 260 branches and transaction offices, complemented by a global reach through nearly 400 correspondent banks across 45 countries and territories. With a dedicated team of over 7,000 employees, MSB currently supports a robust customer base of over 8 million individuals and businesses. About the Technology FICO’s intelligent decisioning solution enables organizations to automate and govern complex decision-making at scale, combining the power of AI and machine learning models with rules-based business logic. The solution gives financial institutions the speed, flexibility, and control to rapidly adapt their decisioning logic to changing market and regulatory conditions, without heavy IT dependency. About Blitz Blitz is a leading technology solutions provider specializing in risk, compliance and digital transformation for financial institutions across Southeast Asia. The company delivers innovative solutions that help banks and financial services organizations enhance their operational efficiency and customer experience through advanced technology implementations. 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 US 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 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at https://www.fico.com Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/ For FICO news and media resources, visit https://www.fico.com/newsroom FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries. View source version on businesswire.com: https://www.businesswire.com/news/home/20260603457301/en/ Neil Mirano
RICE for FICO
+65 3157 5680
neil.mirano@ricecomms.com Saxon Shirley
FICO
+65 9171 0965
saxonshirley@fico.com Original: Vietnam Maritime Bank Achieves 200% Faster Loan Approvals with Intelligent Decisioning from FICO

listening to EFX talk during a recent conference: My notes are the 3 big credit agencies are trying to build out their data even further for credit reports...credit score is only one part of their reports. Although recent news of tri-merge report is going away, they did note lenders often only pull one report during a loan pre-qualification...still require a tri-merge for a mortgage application. This leads me to believe FICO is starting to lose market share in the pre-qualification phase of the loan process.

Also noted, Credit Bureaus are collecting all the data and the scoring models are just models where the data is added to. So despite FICO direct selling to lenders...the lenders still need the data the Credit bureaus are gathering.

This leads me to believe consumer data is going to reach a point where it does not make sense to pull a report from all 3 credit bureaus for GSE purchased loans. It is difficult to say a tri-merge report is needed now with how fast and accurate financial information can be verified without going through all the extra layers of bureaucracy. It will likely be huge fight to stop the GSEs from requiring it, but non-conforming loans will probably stop using a tri-merge report all together. FICO and the credit bureaus do not want the tri-merge report to go away...so they will all lobby against that

More factors to consider: As we all know FICO has developed quite a suite of products and services lenders, etc use. The question is how many of those products are being used simply because they are using whichever FICO scoring platform for the business. If a lender stops using FICO credit scores...will they also switch from any other product they have with FICO?

FICO UK Credit Card Market Report: March 2026May 28, 2026 4:00 AM
Business Wire Fuel crisis increases pressure on affordability as spending and payments dip, with more customers missing one, two and three payments year-on-year The latest credit card data analysis by global analytics software leader FICO (NYSE: FICO) reveals clear signs of the impact of the fuel crisis prompted by the Strait of Hormuz blockade. Spending declined ahead of the Easter period, while payment rates continued to decline, reflecting the structural affordability challenges that have characterised the market since 2025. Concerningly, delinquency rates for customers missing one or two payments have increased both month-on-month and year-on-year, with one missed payment in particular echoing the significant spike seen in March 2025. Highlights Average spending fell by 6.6% month-on-month, to £740, but experienced a marginal increase of 0.3% year-on-year The average active balance is 4.3% higher year-on-year The percentage of overall balance paid decreased 1% month-on-month and 3.7% year-on-year The percentage of customers missing one payment rose increased 29.5% month-on-month The percentage of customers missing two payments rose by 11.3% month-on-month and 14.3% year-on-year Average balances of accounts with one, two or three missed payments fell slightly month-on-month but remain higher than in March 2025 FICO Comment: On-going pressure on personal finances, undoubtedly exacerbated by the fuel crisis pushing up the cost of petrol and diesel, is likely to have contributed to decreased spending in March compared to February, as well as the typical pre-Easter spending patterns. Continuing the modest post-Christmas balance reduction trend seen in recent months, the average active balance decreased by 0.8% month-on-month to £1,925. However, balances remain 4.3% higher year-on-year, maintaining the elevation that has defined the market since early 2025. Decreasing by 1% month-on-month, the percentage of overall balance paid continued the expected downward seasonal trend, falling to 33%, ahead of the expected summer increase. This figure remains 3.7% lower than the previous year, though it is encouraging to see a continued narrowing of the year-on-year gap compared to the 6-7% declines seen throughout much of 2025. While payment rates remain at low levels, the easing of the year-on-year deterioration may indicate some early signs of stabilisation. An area of concern for risk teams will, however, be the fact that March saw notable increases across early and mid-stage late payment categories. The sharp 29.5% month-on-month increase in customers missing one payment reflects a recurring pattern of March stress that was also evident in 2025. The 14.3% year-on-year increase in customers with two missed payments is especially notable and warrants careful monitoring to assess whether this represents a seasonal spike or a more sustained deterioration. All delinquency account categories remain higher year-on-year, representing a concerning shift from the improvements seen at this time last year. The continued moderation in delinquent balance year-on-year growth rates, particularly for two and three missed payments offers some encouragement, though the overall picture remains one of persistent structural stress. Risk teams should closely monitor the progression of March's one-missed-payment spike into two and three missed payments over the coming months. Collections strategies may need to be calibrated to address the higher balance levels now characteristic of delinquent accounts, particularly as seasonal spending begins to increase in spring and summer. Key Trend Indicators – UK Cards March 2026 Metric Amount Month-on-Month Change Year-on-Year Change Average UK Credit Card Spend £740 -6.6% +0.3% Average Card Balance £1,925 -0.8% +4.3% Percentage of Payments to Balance 33.0% -1.0% -3.7% Accounts with One Missed Payment 1.7% +29.5% +1.5% Accounts with Two Missed Payments 0.4% +11.3% +14.3% Accounts with Three Missed Payments 0.2% -1.0% +6.8% Average Credit Limit £5,950 +0.1% +2.0% Average Overlimit Spend £100 +6.3% +5.2% Cash Sales as a % of Total Sales 0.8% -0.1% -3.5% Source: FICO These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80% of UK card issuers. For more information on these trends, contact FICO. 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 US 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 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at www.fico.com. FICO and TRIAD are registered trademarks of Fair Isaac Corporation in the United States and other countries. View source version on businesswire.com: https://www.businesswire.com/news/home/20260528546687/en/ For further press information please contact:
FICO UK PR Team
Wendy Harrison/Matthew Enderby
ficoteam@harrisonsadler.com
0208 977 9132 Original: FICO UK Credit Card Market Report: March 2026

Other factors to consider if you are thinking of investing in FICO. The decision to allow VantageScore to be used put the decision to go a bi-merge report on hold as the new scoring model is adopted. This is important because theoretically, the bi-merge report would cut 1/3 of the revenue out of the scoring market for both FICO and Vantage as well as Experian, Equifax, and Transunion. So just because they are not talking about the bi-merge report lately the movement to go to a bi-merge report still exists and could rear back up when a new administration comes into office.

Essentially, the argument for going to a bi-merge report (aka only requiring 2 of the 3 credit agency reports) is essentially an acknowledgement that Tri-merge credit report is overly redundant. The reality is the 2 credit reports is probably overly redundant in age when the financial and consumer data is way more accurate, available, and more importantly verifiable. We are in age if you cannot have your financial history available online you probably will not qualify a loan no matter what scoring system is used. And the bi-merge report was a push from the other side of the political arena...and not necessarily one the current administration disagrees with.

Why will lenders choose VantageScore over FICO.

1) It ultimately provides the same service as FICO for a cheaper price.

2) VantageScore will allow more people to qualify for a home loan than FICO. I understand the concerns people have with this, but the reality is the big difference between a FICO score and VantageScore is that rental payment history plays a role in VantageScore. So if you have been paying your rent you get points for that. And in there are plenty of markets where the price to rent is more expensive than the price to own a house.

But the point I want to get across is that 30 million more people are expected to be able to qualify for a home loan in the US. AND that means lenders will profit by providing those loans. So lenders will switch not just because VantageScore is cheaper, they switch because they can access more customers.

3) There is a side effect to the VantageScore switch people are not considering. Many lenders use other FICO products just because they use the FICO scoring platform. IE a lot of their software is bundled together. When they make the switch they will likely drop other FICO products or re-evaluate what other FICO products they really need....AND if FICO is raising pricing in Scores right now ..we can probably expect them to raise pricing in there other software products if and when their revenue from Scores falters.

Why hasnt FICO seen more loss of revenue. The heart of the issue is not a FICO score vs a vantage score. The issue is since allowing VantageScore the credit "ratings" agencies...not credit "reporting" agencies having been working out how to rate MBS products that have VantageScore backed loans in the products.

A credit Rating agency is an entity that rates companies, and their fiancial products. Moody's, Standard and Poorts.

A credit reporting agency is Equifax, Transunion, Experian who rate the credit of individuals.

The heart of the issue is VantageScore includes rental data in coming up with an overall credit score and that allows someone who would not be eligible for using a FICO score to be eligible for a home loan. Although VantageScore has been around for decades in the Auto, FIntech, etc industries it has limited exposure the housing market which is why it has taken years to get enough data for the US government to use VantageScore. Since announcing the decision to allow VantageScore in loans bought by the GSEs it has take almost a year for the first loans to be purchased using VantageScore because of this issue. This means the discount between price increases by FICO and overall revenue increases is not even reflecting what they might potentially lose in market share once the lenders are given an all clear to use VantageScore. My Point is VantageScore and other competition is eating FICO's lunch in the non-mortgage markets. Once the doors to the mortgage market are fully open FICO cannot simply raise pricing on its mortgage scoring.

Since no one is publishing how many credit scores FICO is doing, I thought I would look at the math from a different perspective. Take a look at their price increases since 2020 until today. Steve Eisman recently quoted a 500% increase in FICO scores since 2020. When I asked Google AI it came up with an 1800% increase since 2020. So if you look at FICO score revenue reported for 2020 ($1.160B) and And FICO's Revenue from scores in 2025 ($1.17B) you notice a disconnect. 1) The amount of homes purchased in 2025 is approximately 30 percent less that 2020 (height of COVID) ..so If I account for the additional homes sold FICO should make 1.52B if they performed the same amount of scores, But that is definitely not an 1800 percent increase in revenue which should of happened if they were truly the only game in town. Nor is it not a 500 percent increase in revenue from Scores. The truth has to be they have lost a large portion of the behind the scenes scoring market. Although we still see advertisements for FICO scores because the masses see the links. The lenders who give out loans have stopped using FICO on a much wider scale.. The market share loss is barely being covered up by the extreme price increases.

New Study Shows FICO® Score 10T Provides Greater Predictive Power for First-Time HomebuyersMay 18, 2026 12:00 PM
Business Wire Independent study finds FICO Score 10T is the most predictive credit score for first-time homebuyer mortgages, supporting sustainable access to homeownership FICO (NYSE: FICO), global analytics software leader, today announced the results of a new analysis by independent actuarial firm Milliman, finding that FICO® Score 10T is the most predictive credit score for evaluating first-time homebuyer mortgage risk, outperforming VantageScore 4.0. The findings are especially significant for the millions of Americans working to achieve the dream of homeownership, where the accuracy of the credit score a lender relies on directly shapes who gets approved and on what terms. The newly released analysis builds on Milliman's earlier research showing FICO® Score 10T is the most predictive credit score for evaluating mortgage default risk. Milliman independently analyzed nearly 20 million mortgages from a major U.S. credit bureau, covering GSE, FHA, and overall mortgage loans from 2011 through 2023. Key findings from the Milliman analysis on first-time buyers include: More accurate risk prediction overall: FICO® Score 10T did a better job separating borrowers who pay as agreed from those who default, across all three industry-standard measures as identified by Fannie Mae and Freddie Mac in their 2020 Joint Enterprise Credit Solicitation to assess score accuracy and reliability. Strongest results for FHA loans: For FHA first-time homebuyer mortgages, a critical path to homeownership for lower-down-payment buyers, FICO Score 10T outperformed VantageScore 4.0 by over 10%. The differences between score performance were largest for origination periods with higher default rates, strengthening FICO Score 10T’s value in managing default risk. More first-time buyers in better pricing tiers: FICO Score 10T scored more first-time homebuyers in the highest credit score bands relative to VantageScore 4.0. “FICO believes the best way to expand homeownership is to give lenders the most accurate view of the borrowers in front of them,” said Julie May, vice president and general manager of B2B Scores at FICO. “This Milliman study shows that FICO Score 10T provides a more reliable view of first-time homebuyer risk than any other credit score available today. That precision allows lenders to extend credit confidently to qualified buyers, supports more stable outcomes for families and investors, and ultimately helps open the door to homeownership for more Americans.” FICO® Score 10T incorporates trended credit data and, when available in the credit bureau file, rental payment history — giving lenders a more complete view of how consumers manage credit and housing payments over time. That richer picture is especially meaningful for first-time homebuyers, whose credit profiles are often thinner or still evolving. To ensure lenders can evaluate the findings for themselves, FICO® Score 10T is currently available at no cost alongside Classic FICO through the FICO Score 10T Free Access Program, enabling side-by-side testing without requiring lenders to pay for an additional score. Nearly 60 lenders have already signed up. The full white paper is available at https://www.milliman.com/en/insight/fico-score-10t-vantagescore-4-analysis-first-time-homebuyers. For more information on how to sign up for the FICO Score 10T Free Access Program, visit the FICO Score 10T Migration Resource Center. 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 US 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 100 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at https://www.fico.com Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs For FICO news and media resources, visit https://www.fico.com/en/newsroom FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries. View source version on businesswire.com: https://www.businesswire.com/news/home/20260518761168/en/ Media Contact
press@FICO.com Original: New Study Shows FICO® Score 10T Provides Greater Predictive Power for First-Time Homebuyers

FICO to Present Free Credit Education Workshops at Select Citi BranchesMay 14, 2026 8:00 AM
Business Wire FICO’s Score A Better Future™ Program brings expert-led financial literacy sessions to select Citi branches across the U.S. Global analytics software leader, FICO (NYSE:FICO) is hosting a series of free credit education workshops at select Citi branches nationwide through FICO’s Score A Better Future™ (SABF) program. These workshops are designed to empower individuals in traditionally underserved communities with the knowledge and tools to make informed financial decisions and prepare for life milestones, such as renting an apartment, buying a home, owning a business, or advancing education. The SABF workshops will offer expert-led guidance on understanding credit, budgeting, and long-term financial planning. Attendees will learn how to read credit reports, understand the factors that influence their FICO® Score, and take actionable steps toward their financial health. On-site financial and credit specialists from FICO will discuss the benefits of counseling and offer guidance to help attendees plan their financial goals. Building on the success of several previous workshops together, FICO and Citi will host a dozen free credit education events throughout 2026, with several taking place at new state-of-the-art Citi locations. The series will kick off on Thursday, May 28, 2026, at Citi’s new flagship branch located at One California Street in Downtown San Francisco. Subsequent workshops are planned for branches in states including Florida, New York, and Illinois. Interested individuals can sign up for the San Francisco event and find more information here: https://www.fico.com/sabf/. “Making informed money decisions is essential to economic mobility and overall wellness,” said Mindy Mercaldo, Head of U.S. Branch Network at Citi. “Through our collaboration with FICO, Citi is helping to deliver vital financial education directly to communities, providing individuals with the knowledge to better understand and manage their credit, build financial health, and work towards their personal goals." A FICO-sponsored Harris poll on financial literacy underscores the urgency of these efforts: 98% of Americans — and 99% of Gen Z adults — say financial literacy is essential to financial stability, while 74% believe they’d be better off today if they had more access to personal finance education and resources. “Your credit score is more than a number, it’s a powerful indicator of financial readiness and a key that unlocks opportunity,” said Jenelle Dito, vice president of Consumer Empowerment Programs and Partnerships at FICO. “SABF was created to provide people with clear and practical guidance they can use immediately. We’re proud to work with Citi to help people build stronger financial futures.” Each SABF workshop is free and open to the public. Attendees are encouraged to register in advance at https://www.fico.com/sabf/. To learn more about the Score A Better Future™ program, visit: https://www.fico.com/sabf About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi Citibank, N.A. is a Member FDIC. About Score A Better Future™ Score A Better Future is FICO’s free credit education program hosted across the country to teach consumers about the key ingredients in the FICO® Score, and connect them to free, one-on-one counseling from certified not-for-profit counselors tailored to their individual financial health and goals. 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 US 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 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at https://www.fico.com Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs For FICO news and media resources, visit https://www.fico.com/en/newsroom FICO and Score A Better Future are trademarks or registered trademarks of Fair Isaac Corporation in the U.S. and other countries. View source version on businesswire.com: https://www.businesswire.com/news/home/20260514131077/en/ FICO Media Contact
press@fico.com
Citi Media Contact
Hilary.Weissman@citi.com Original: FICO to Present Free Credit Education Workshops at Select Citi Branches

New white paper published in the last day by Milliman. FICO paid for another advertisement a consulting firm they hired.

Lets look at what a white paper is and is not:

Goal: White papers aim to persuade, demonstrate thought leadership, or drive adoption of a solution. Research papers aim to validate scientific findings and contribute to academic literature.

Validation: Research papers undergo rigorous peer review. White papers usually undergo internal company review.
Tone & Style: White papers are accessible and often use marketing language. Research papers are technical, neutral, and adhere to strict, formal structures like IMRaD.
Content: White papers focus on business benefits and solutions. Research papers focus on detailed methodology, data analysis, and limitations.

https://www.businesswire.com/news/home/20260504146594/en/First-of-Its-Kind-Independent-Study-Finds-FICO-Score-10T-the-Most-Predictive-Credit-Score-for-Mortgage-Lending

First-of-Its-Kind Independent Study Finds FICO® Score 10T the Most Predictive Credit Score for Mortgage LendingMay 4, 2026 12:00 PM
Business Wire
New white paper by Milliman shows FICO Score 10T outperforms VantageScore 4.0 on all mortgage types, including GSE and FHA loans


Global analytics software leader FICO (NYSE: FICO) is elevating findings from a newly released white paper by independent actuarial firm Milliman, which found that FICO® Score 10T is the most predictive credit score for evaluating mortgage default risk. The analysis was performed across all mortgages, including Fannie Mae/Freddie Mac and FHA mortgages, with consistent results across each population.


The Milliman analysis is the first independent, head-to-head study to evaluate the predictive performance of two new modern scores, FICO Score 10T and VantageScore 4.0, using a large historical sample of U.S. mortgage originations covering multiple distinct time periods from 2011 to 2023. According to the results of the Milliman study, FICO Score 10T produced higher measures of predictive power and, therefore, risk differentiation across multiple mortgage product types, reinforcing its value for lenders, investors, and the broader housing finance system.


Key findings from the Milliman analysis include:



FICO® Score 10T performed better, as measured by three calculations of predictive power, across all types of mortgage loans: In an analysis of nearly 20 million mortgages, Milliman found that FICO Score 10T consistently predicted mortgage defaults more accurately than VantageScore 4.0 across all mortgages and individually for GSE and FHA loans.



The performance advantage was strongest in FHA lending: FICO Score 10T outperformed VantageScore 4.0 by more than 8%1 in FHA lending, the segment that serves first-time homebuyers and underserved borrowers, demonstrating that the more predictive score also delivers the greatest advantage for the people for whom an accurate credit assessment can make or break a path to sustained homeownership.



FICO Score 10T's performance advantage over VantageScore 4.0 has more than doubled since 2018: The analysis also shows that the performance difference between FICO Score 10T and VantageScore 4.0 is greatest for more recent origination years and generally populations with more observed defaults. For example, in the 2023 GSE loan vintage, FICO Score 10T outperformed by 7.4%, more than double the already impressive 3.4%2 improvement observed on the 2018 vintage. This result highlights the robustness of FICO Score 10T and the time-tested, proven FICO blueprint it is based on that has earned the trust of the mortgage industry for over 30 years.



FICO Score 10T incorporates trended credit data and rental payment information when available in the credit bureau file, offering a more complete view of borrower behavior while avoiding model features of the alternate credit score that disadvantage first-time homebuyers or those without prior homeownership history.


"FICO has been a cornerstone of mortgage credit risk for decades,” said Julie May, vice president and general manager of B2B Scores at FICO. “As we enter a new chapter of credit score policy, the conversation about which score is best should be grounded in facts, specifically, an empirical comparison of the modern scores. The scores use the same data — rental, utility and trended. The difference is in how we use the data and this Milliman study confirms what more than 50 lenders have already seen in practice: our use of the data in FICO Score 10T delivers the strongest predictive performance available for mortgage lending today and can be trusted to continue to deliver that predictive performance for years to come.”


The analysis was prepared independently by Milliman as part of a consulting engagement with FICO, and reflects Milliman’s own methodology and conclusions. The full white paper is available at https://www.milliman.com/en/insight/fico-score-10t-vantagescore-4-analysis-credit-mortgage.


Free Access to FICO Score 10T Lower-Cost Path to Adoption


To ensure lenders can evaluate the findings for themselves, FICO Score 10T is currently available at no cost alongside Classic FICO through the FICO Score 10T Free Access Program, enabling side-by-side testing without requiring lenders to pay for an additional score.


More than 55 mortgage lenders representing $557 billion in originations and $1.6 trillion in mortgage servicing portfolios have already signed up for the FICO Score 10T Free Access Program including Rate, Guild, Cross Country Mortgage, Planet Home and more. As lenders navigate an increasingly complex risk environment, FICO is elevating awareness of the program to ensure the market knows that access is available today.


In addition, through the FICO Mortgage Direct License Program, FICO has introduced a simplified and transparent pricing model for lenders ready to deploy FICO Score 10T in production. Under the program, FICO Score 10T is priced at $0.99 per score with a $65 funding fee, providing a lower-cost alternative to legacy distribution models while preserving pricing transparency.


"Credit score modernization is one of the most consequential shifts the mortgage market has seen in decades, and lenders need the ability to evaluate their options with real data,” added May. “We've removed every barrier we can with the FICO Score 10T Free Access Program, and our newest and most predictive credit score is available for free alongside the score lenders already know and trust. The performance findings speak for themselves; we want to make sure every lender has the chance to see them."


For more information on how to sign up visit the FICO Score 10T Migration Resource Center.


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 100 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency.


Learn more at https://www.fico.com.


Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs.


For FICO news and media resources, visit https://www.fico.com/en/newsroom.


FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.



_________________________



1 According to Milliman, FICO 10T provided 8.2% relative improvement in bottom decile lift on FHA-backed loans when compared to VantageScore 4.0.








2 As measured by relative improvement in Kolmogorov-Smirnov (K-S) Statistic.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260504146594/en/
Media Contacts

press@FICO.com


Original: First-of-Its-Kind Independent Study Finds FICO® Score 10T the Most Predictive Credit Score for Mortgage Lending

note: They are price FICO 10T at .99 cents with a fee of 65 dollars for loans that go through. Versus the other FICO scoring products which are priced at $4.95 upfront with a $33 dollar fee if loan goes through. Not sure if that accounts for all the hidden costs in both pricing lines. But the reality is FICO just raise prices in my mind for home buyers. Essentially, FICO raised pricing again for home buyers. The $65 dollar fee at the tail end represents another significant increase to overall costs to a homebuyer for a score.

I do not know the statistics for the overall population...but I do know that I could walk in and get a loan without checking my score a bunch of times so If I use FICO 10T, I would pay significantly more than using VantageScore 4.0 for a credit score.

Yes this will generate more revenue...but again it opens the door for VantageScore to come in and take market share which is the real problem with FICO....because next year people will expect FICO to shell out a larger share repurchase program...IE FICO will load up on more debt...therefore they will raise prices significantly again.

Earnings results are in. The EPS beat was a given. Updating EPS guidance to be higher when stock price has fallen so much. Also a given.

If you increase the price of scores by 100% and only get a 60 percent increase in Revenue that tells me people are switching from FICO to something else. There B2B growth is advertisement. They didnt even have it broken out from Scores until recently and the fact they went to direct selling FICO via B2B versus going through rating agencies tells me they should have add a massive growth in B2B...but again it is how you tell a story. And they are telling one. The balance says long term debt has grown by a billion dollars. Overall debt has grown by ~400M.

The real issue is they are buying back stock by taking on more debt. ,,,which in turn is driving them to raise prices for scores...which causes customers to look for cheaper alternatives to FICO scores....AND now in the mortgage market you can use an alternative to FICO scores. ...and despite FICO claims otherwise are just as good as FICO scores.

Disclosure: I do not own FICO, or any of the ratings agencies. I am not shorting, day trading any shares of those entities either. I am using this as a case study for my own investment knowledge.

I am a long term investor. I see too many red flags for a retail investor like me to consider taking a position in this stock. Eventually, FICO wont be able raise prices to keep paying for their growing debt. A 30 plus P/E at current multiples makes the stock expensive to buy back.

Note: Vanguard sold some of their position (small amount) prior to earnings release. They as a company, through multiple funds are the largest shareholder of the stock. This is the first time I have seen them sell some shares.

FICO UK Credit Card Market Report: February 2026April 29, 2026 4:00 AM
Business Wire
Balances show signs of stabilising as payment rates trend down, with missed payment balance levels remaining higher than in 2025


The latest credit card data analysis by global analytics software leader FICO (NYSE: FICO) shows the typical recovery in spending following January's post-Christmas decline. However, the structural affordability challenges that defined 2025 remain, with payment rates continuing to trend down and balance levels for accounts with missed payments higher than this time last year. These may increase going forward due to rising energy prices.


Key Findings:



Spending rose by 5.1% month-on-month to an average of £790



Average active balances remained stable month-on-month at £1,940, but were 4.5% higher than February 2025



The percentage of the overall balance paid followed typical seasonal patterns, decreasing 1.53% on the previous month to 33.4%



Customers missing one and two payments dropped respectively 12% and 8.9% month-on-month



The percentage of customers missing three payments increased 2% month-on-month and 8% year-on-year



The average balance of missed payments increased across all categories and continues to be significantly higher than in 2025



FICO comment


February 2026 data show tentative signs of stabilisation across the UK economy, with the narrowing of the year-on-year payment rate gap and a halt in the year-on-year decline in spending seen since early 2025. However, persistently elevated balance levels for accounts with missed payments suggest that underlying affordability pressures continue.


While February saw month-on-month improvements for accounts missing one and two payments, there was a 2% increase in accounts missing three payments, underlining the challenge for individuals already facing financial difficulties.


Fewer customers missed one payment in February than in February 2025, but more missed two and three payments, continuing the concerning trend that emerged in the second half of 2025 of those already in debt being unable to recover. Another indicator of financial stress is the fact that balances for all accounts with missed payments increased month-on-month and year-on-year.


The percentage of overall balance paid fell to 33.4%, which is 4.3% lower than the previous year. However, this represents an encouraging narrowing of the year-on-year gap compared to recent months, where declines of 6-7% were commonplace. This reduction follows typical seasonal patterns and is expected to continue decreasing until April.


Average credit limits remained flat month-on-month at £5,940 and are 2.4% higher year-on-year. While overlimit accounts decreased by 3.7% on the previous month, they remain 6.5% higher than February 2025. The average overlimit amount increased by 2.1% month-on-month to £95, representing a 5.5% annual increase.


Risk teams should maintain heightened monitoring into the spring months, when seasonal spending increases and higher energy costs may put renewed pressure on customers already operating at stretched affordability levels. Proactive pre-delinquency intervention and tailored collections strategies for higher-balance accounts remain critical priorities.


Key Trend Indicators – UK Cards February 2026




Metric






Amount






Month-on-Month Change






Year-on-Year Change








Average UK Credit Card Spend






£790






+5.1%






0.0%








Average Card Balance






£1,940






+0.2%






+4.5%








Percentage of Payments to Balance






33.4%






-1.53%






-4.3%








Accounts with One Missed Payment






1.3%






-12.0%






-3.6%








Accounts with Two Missed Payments






0.3%






-8.9%






+2.5%








Accounts with Three Missed Payments






0.2%






+2.0%






+8.0%








Average Credit Limit






£5,940






0.0%






+2.4%








Average Overlimit Spend






£95






+2.1%






+5.5%








Cash Sales as a % of Total Sales






0.8%






-1.9%






-2.0%







Source: FICO


These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80% of UK card issuers. For more information on these trends, contact FICO.


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 US 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 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at www.fico.com.


FICO and TRIAD are registered trademarks of Fair Isaac Corporation in the United States and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260429300323/en/
For further press information please contact:

FICO UK PR Team

Wendy Harrison/Matthew Enderby

ficoteam@harrisonsadler.com

0208 977 9132


Original: FICO UK Credit Card Market Report: February 2026

Absa Bank Strengthens Fraud Prevention, Fraud Investigation Customer Communication and Improves Collections Outcomes Using FICO TechnologyApril 27, 2026 4:00 AM
Business Wire
South African banking leader innovates with WhatsApp and FICO® Customer Communication Services to engage customers instantly and drive measurable results


Absa Group Limited, one of South Africa’s “big 5” banks, has dramatically improved debt collection strategies and fraud protection using customer communications technology from global analytics software leader FICO (NYSE:FICO). By using WhatsApp to instantly confirm suspected fraud transactions with customers, Absa improved self-solve cases by 47% for digital and card fraud and prevented significantly more fraud. Furthermore, Absa improved fraud investigation customer communication by 121%, leading to improved fraud customer experience throughout the investigation stages. For its results in both fraud management and debt collection, Absa has won a 2026 FICO® Decision Award, chosen by an independent panel of judges.


More information: https://www.fico.com/en/customer-lifecycle/contact-and-communicate


“Absa serves 13 million customers across Africa, and therefore recognized the critical need for constant adaptation and innovation in fraud prevention strategies. Absa operates within a dynamic banking environment shaped by rising fraud risks, customer vulnerabilities, and mounting regulatory pressures. To protect our customers and support them when they need us most, we needed smarter, faster ways to communicate," said Ally Mafunzwaini, Executive of Absa Fraud Solutions.


Against a backdrop of high inflation, interest rate increases and mounting pressure on South African households in recent years, Absa took proactive steps to help customers remain on track with their credit commitments and protect themselves against elevated fraud attempts. Absa collaborated with FICO to improve both fraud prevention and debt collection strategies through deploying FICO® Customer Communication Services (CCS) in both areas.


Groundbreaking WhatsApp Integration Delivers Measurable Results


Working with FICO, Absa became the first bank among South Africa's “big 5” and the only pan-African bank to use WhatsApp for fraud prevention and customer communication throughout the fraud case journey. Absa integrated FICO CCS with its fraud detection infrastructure, specifically FICO® Falcon® Fraud Manager, to deliver real-time, two-way fraud verification via WhatsApp.


When suspicious activity is detected, CCS initiates an interactive message to the customer via WhatsApp conversation within milliseconds, or a recorded voice note or SMS if the customer does not have a smartphone. Customers can instantly confirm whether the transaction is legitimate or fraudulent. If it’s fraudulent, CCS automatically brings a fraud representative into the conversation.


Similarly, Absa deployed FICO CCS to improve communications with customers in collections. The bank currently uses both voice and WhatsApp channels to communicate with customers in distress. FICO optimization is used to segment customers by risk profile with greater granularity. This helps Absa to design differentiated treatment paths, from low-cost digital nudges to high-touch restructures.


Strong Results in Fraud Prevention and Collections


The bank's integrated approach has delivered measurable business and customer outcomes across both fraud prevention and collections strategies. Results include:



Improved fraud containment rate: With the introduction of WhatsApp, Absa increased the containment rate (percentage of frauds that are successfully resolved at the initial point of contact) by 29% in card fraud and 33% in digital fraud.



Faster customer service: CCS interactions are now independent of human assistance, which has improved efficiency and customer experience.



More fraud stopped: Preventions value for digital and card fraud also increased significantly in 2025 compared to 2024.



Rise in collections promise to pay: Absa more than doubled customer promises to pay since adding WhatsApp channel to its communications strategy.



Rise in amounts collected: The amounts steadily increased from 2024 to 2025, with year-on-year growth more than doubling.



“Together, these initiatives powered by FICO have transformed how Absa engages with customers during moments of financial stress and fraud risk,” said Moremi Mabe, Head of Collections (Absa Home Loans). “Customers now experience timely, personalized, and empathetic communication.”


“Absa's fantastic results demonstrate the power of deploying intelligent omni-channel communications technology across the credit lifecycle,” said Nikhil Behl, president of software at FICO. “Their commitment to innovation and customer protection exemplifies the kind of forward-thinking leadership we celebrate with the FICO Decision Awards.”


“The judges were impressed by Absa’s strong results improving customer communications across the business,” said Lisa Morgan, technology journalist and contributor at InformationWeek, who was a FICO Decision Awards judge. “Absa has clearly improved customer trust using FICO’s technology.”


About the FICO® Decision Awards


The FICO Decision Awards recognize organizations that are achieving remarkable success using FICO solutions. A panel of independent judges with deep industry expertise evaluates nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. The 2026 judges are:



Sam Abadir, research director, risk & compliance, IDC Financial Insights



Shrimanth Adla, senior director, credit risk strategy and analytics, Comcast



Manoj Agrawal, group editor, Banking Frontiers



Courtney Haan, strategic produce manager for fraud products, Velera (Previous Winner)



Shelly Kramer, principal analyst at Kramer & Company and theCube Research



Andy Lawrie, credit risk tech lead at Nationwide Building Society (Previous Winner)



Lisa Morgan, technology journalist and contributor at InformationWeek



Déborah Oliveira, founder and editor-in-chief at IT Forum



The winners of the FICO Decision Awards will be spotlighted at and win tickets to FICO® World 2026, May 19-22, 2026, at the Signia By Hilton hotel, Orlando, Florida.


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 US 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 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency.


Learn more at https://www.fico.com

Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/

For FICO news and media resources, visit https://www.fico.com/newsroom


FICO and Falcon are registered trademarks of Fair Isaac Corporation in the U.S. and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260427314883/en/
For further press information please contact:

FICO UK PR Team

Wendy Harrison/Matthew Enderby

ficoteam@harrisonsadler.com

0208 977 9132


Original: Absa Bank Strengthens Fraud Prevention, Fraud Investigation Customer Communication and Improves Collections Outcomes Using FICO Technology

Erste Group Offers Tailored Financing Solutions Across Countries Using FICO AIApril 20, 2026 4:00 AM
Business Wire
Leading financial services provider in Central and Eastern Europe uses AI-powered decision optimization across products and areas from lending to collections


Erste Group Bank AG, the leading financial services provider in Central and Eastern Europe, has deployed optimization technology from FICO (NYSE: FICO) to enhance its customized pricing and limit strategies in order to offer tailored and more flexible financing terms. Customers benefit from optimization for mortgages, cash loans and other retail products. This project has earned Erste Group Bank a 2026 FICO® Decision Award for AI, Machine Learning & Optimization.


More information: https://www.fico.com/en/platform/enterprise-optimization


The journey of mathematical optimization within Erste Group has been unfolding for nearly 14 years. Since then, Erste Group has been rolling out optimized strategies across decision areas and products. Mathematical optimization enhances traditional pricing approaches that relied primarily on expert judgment.


Mathematically optimized pricing for loans supports the bank’s risk management and business by enabling limits to be set more accurately than through human judgement alone. This not only allows the bank to make more precise and flexible financing decisions for its customers, it also strengthens measures to prevent over-indebtedness. When applying mathematical optimization, protecting customer data is a key priority for Erste Group. Mathematical optimization models rely solely on the financial parameters of each financing case and do not use any personal customer data.


One project that has benefitted from the use of FICO Decision Optimizer is pricing for small business unsecured installment loans. The original setup relied heavily on manual decision making—nearly 90% of loan pricing was driven by branch-level price exceptions. By combining machine learning models that predict individual client behavior (take-up, prepayment, and risk) with mathematical optimization, Erste Group enabled individualized pricing at scale, while significantly reducing manual exceptions, and experienced a 22% profit increase.


The implementation of FICO’s mathematical optimization across Erste Group has also delivered measurable improvements for its clients. For the bank, it aligned with its strategic goals of strengthening profitability, customer satisfaction, and operational efficiency. This ensures a mutually beneficial outcome for both the client and the bank.


To expand its success with FICO optimization, the banking group created an Optimization Expert role to guide selected bank analysts through the entire optimization process. This includes sharing know-how, supporting data preparation, leading the development of component models, helping to build complete solutions with FICO optimization, and assisting with deployment and evaluation.


“Erste Group Bank has consistently innovated in its use of mathematical optimization to power smarter decisions,” said Nikhil Behl, president, software at FICO. “They have proven results in multiple areas, demonstrating their excellence and the gains that this technology provides across the enterprise. FICO considers them one of the most advanced users of optimization in retail banking today.”


For its achievements, Erste Group Bank AG won a 2026 FICO® Decision Award for AI, Machine Learning & Optimization.


“The judging panel was impressed by how Erste Group Bank extended results from one country to multiple regions,” said Shrimanth Adla, senior director, credit risk strategy and analytics, Comcast, and one of the FICO Decision Awards judges. “They have made AI-powered strategies into an analytic advantage.”


About Erste Group Bank AG


Erste Group is the leading financial services provider in the eastern part of the EU. Its ca. 55,000 employees serve around 23 million customers across 8 core markets (Austria, Croatia, Czechia, Hungary, Poland, Romania, Serbia, and Slovakia), including through over 2,100 branches. Founded in 1819 as the first savings bank in Austria, Erste Group went public in 1997 with a strategy to expand across Central and Eastern Europe. For over 200 years, Erste has been committed to creating prosperity for its customers with a wide range of products and personalised services. For more information, please visit:

www.erstegroup.com


About the FICO® Decision Awards


The FICO Decision Awards recognize organizations that are achieving remarkable success using FICO solutions. A panel of independent judges with deep industry expertise evaluates nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. The 2026 judges are:



Sam Abadir, research director, risk & compliance, IDC Financial Insights



Shrimanth Adla, senior director, credit risk strategy and analytics, Comcast



Manoj Agrawal, group editor, Banking Frontiers



Courtney Haan, strategic product manager for fraud products, Velera (Previous Winner)



Shelly Kramer, principal analyst at Kramer & Company and theCube Research



Andy Lawrie, credit risk tech lead at Nationwide Building Society (Previous Winner)



Lisa Morgan, technology journalist and contributor at InformationWeek



Déborah Oliveira, founder and editor-in-chief at IT Forum



The winners of the FICO Decision Awards will be spotlighted at and win tickets to FICO® World 2026, May 19-22, 2026, at the Signia By Hilton hotel, Orlando, Florida.


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 US 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 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency.


Learn more at https://www.fico.com

Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/

For FICO news and media resources, visit https://www.fico.com/newsroom


FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260420447954/en/
press@fico.com


Original: Erste Group Offers Tailored Financing Solutions Across Countries Using FICO AI

Fair Isaac Corporation Announces Date for Reporting of Second Quarter Fiscal 2026 Financial ResultsApril 16, 2026 4:15 PM
Business Wire
Global analytics software leader FICO (NYSE: FICO), will announce its second quarter fiscal 2026 results on April 28, 2026, after the market closes and will host a conference call on April 28th at 4:30 p.m. Eastern time (3:30 p.m. Central/ 1:30 p.m. Pacific).


This call will be webcast and can be accessed at FICO’s website at www.fico.com/investors. A replay of the webcast will be available at our Event Calendar under Past Events 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


Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/


For FICO news and media resources, visit https://www.fico.com/en/newsroom


FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.


Statement Concerning Forward-Looking Information


Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the impact of macroeconomic conditions on FICO’s business, operations and personnel, the success of the Company’s business strategies, the maintenance of its existing relationships and ability to create new relationships with customers, distributors and other business partners, its ability to continue to develop new and enhanced products and services and to enter new markets, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use or costs of consumer credit and other data, the failure to protect such data, the failure to realize the anticipated benefits of any acquisitions, or divestitures, and material adverse developments or uncertainty in global economic conditions or in the markets or industries that the Company serves. Additional information on these risks and uncertainties and other factors that could affect FICO’s future results are described from time to time in FICO’s SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2025 and its subsequent filings with the SEC. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. FICO disclaims any intent or obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260416909717/en/
Investors & Analysts:

Dave Singleton

Fair Isaac Corporation

(800) 459-7125

investor@fico.com


Original: Fair Isaac Corporation Announces Date for Reporting of Second Quarter Fiscal 2026 Financial Results

observation: FICO is up today and has retraced about 50 percent of the price lost on Friday. The real observation is the price is being moved up on what amounts to about 40-45 percent of the volume as compared to Friday.

What I think is happening a slow steady sell out by the major holders of the stock in deliberate patterns. The stock has gone from a mid 90 percent ownership to a high 80's percent ownership according to Fintel. Several of the major shareholders have to be systematically selling off. The effect is the stock price is going down dramatically over the past year with occasional spikes to lower highs before falling dramatically. I have stated multiple times I think FICO scores are not going away. We are just getting to a point where customers will choose to use FICO or another Scoring model...and ultimately it will be price of the service provided that determines the decision. The stock is not a long term investment and at best is only day tradeable (via options, shorting, etc). My opinion is this stock has much further to fall. It is currently priced above fair value by a considerable amount.

Fair Isaac Corporation Investigated on Behalf of Investors - Contact the DJS Law Group to Discuss Your Rights – FICOApril 13, 2026 7:30 AM
Business Wire
The DJS Law Group announces that it is investigating claims on behalf of investors of Fair Isaac Corporation (“Fair Isaac” or “the Company”) (NYSE: FICO) for violations of the securities laws.


INVESTIGATION DETAILS: The investigation focuses on whether the Company issued misleading statements and/or failed to disclose information pertinent to investors. Senator Josh Hawley announced an investigation of Fair Isaac on March 23, 2026. According to the Senator’s press release, “Senator Hawley also wrote to Andrew Ferguson, Chairman of the Federal Trade Commission (FTC), urging his agency to also open an investigation into FICO. FICO’s recent price increases are contributing to the problem of housing affordability, particularly for first-time homebuyers. Senator Hawley has previously written to the Department of Justice regarding FICO’s anticompetitive practices.”


If you are a shareholder who suffered a loss, contact us to participate.


WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.


This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260413948341/en/
David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

Eastchester, NY 10709

Phone: 914-206-9742

Email: David@djslawllp.com


Original: Fair Isaac Corporation Investigated on Behalf of Investors - Contact the DJS Law Group to Discuss Your Rights – FICO

More research: Barclay's became the latest institution to downgrade FICO today cutting price target from 2400 to 1950. That represents an 18 percent cut in the price target.

I am watching other boards and not seeing any real case for why this should go higher. EPS beats when they are just repurchasing shares is not a case for buying this stock...especially when they are increasing the debt burden.

The real test will happen when revenues finally do not meet expectations, and they can no longer simply raise prices to pay the bill due on the debt. This still has further to fall, and it appears some retail and institutional investors are realizing the music FICO has been playing is about to stop.

FICO UK Credit Card Market Report: January 2026March 23, 2026 5:00 AM
Business Wire
Persistent financial pressures evident as customers reduce spend and focus on paying credit card bills, but missed payments remain high


Analysis of credit card data for January 2026 by global analytics software leader FICO (NYSE:FICO) shows the typical post-Christmas reduction in spending as customers prioritised payments after the festive break. However, with spending lower year-on-year and increases in missed payments, the financial pressures that were a feature of the UK economy for the majority of 2025 have continued into the new year, requiring risk and collections teams to remain vigilant.


Highlights



Spending fell by 9.4% month-on-month to an average of £755; 1.8% lower than January 2025 this is a clear indication of continued financial pressures



After reaching a record high in December 2025, balances only fell slightly in January 2026, by 0.6%, remaining 4.8% higher year-on-year



33.9% of overall balances were paid, which is 1.4% higher month-on-month but 6.7% lower than January 2025



The number of customers missing one, two and three payments increased month-on-month, and average balances of these accounts were higher than the previous year



Accounts over their credit limit increased 6% month-on-month and 6.2% year-on-year, providing further evidence of persistent financial pressures



FICO Comment:


As is typical of January, spend and balances reduced, with customers prioritising payments following seasonal spending. The percentage of overall balance paid showed some improvement, as it typically does in the new year. However, as it remains 6.7% lower than the previous year, it appears that consumers may be more financially stretched than last year.


The combination of this decline in payment rates alongside a 4.8% year-on-year increase in average balances demonstrates that the affordability challenges that defined 2025 have persisted into 2026. Risk and collections teams should focus on proactive intervention strategies, particularly given the 14.3% monthly increase in the number of credit card accounts with two missed payments, which suggests potential acceleration of financial stress among vulnerable customer segments.


These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80% of UK card issuers. For more information on these trends, contact FICO.


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 US 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 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at www.fico.com.


FICO and TRIAD are registered trademarks of Fair Isaac Corporation in the United States and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260323894604/en/
For further press information please contact:

FICO UK PR Team

Wendy Harrison/Matthew Enderby

ficoteam@harrisonsadler.com

0208 977 9132


Original: FICO UK Credit Card Market Report: January 2026

More research: With increased competition in the marketplace on Credit Score, FICO continues to maintain a goodwill amount of the balance sheet of $783M dollars as an asset. I expect with competition from VantageScore, and now AI modeling, we can expect there to be calls for justify why the goodwill is so high.

As a case study, this situation is starting to mirror what happened to Kodak. Where increased competition, and even outright replacement occurred and Kodak was forced to acknowledge a goodwill impairment on their balance sheets as a result which resulted in a free fall of the stock price.

I think we are getting to a point where the goodwill on that balance sheet needs to be tested correctly, or analysts need to consider that FICO's main asset is its scoring models. Im not saying their goodwill goes to Zero. A more likely case is a 50 percent haircut if they continue to lose market share in the scoring markets as they have been.

Either way the stock price is still way out in front of any actual value.

UK Credit Cards in 2025: Balances Reached New Highs While Payments FellMarch 16, 2026 8:30 AM
Business Wire
Persistent affordability pressures push up average balances despite lower spending as consumers actively curtail discretionary expenditure


According to analysis of its credit card data for 2025 by global analytics software leader FICO (NYSE: FICO), there was a fundamental shift in market dynamics from traditional cyclical patterns to clear management of affordability challenges. The year was characterised by consumers struggling to manage existing debt levels, with average balances reaching record highs while payment rates fell.


Highlights



The upward trajectory of average balances was the defining trend of 2025, with year-on-year growth above 4.5% every month, reaching an all-time high of £1,950 in December



There was also a deterioration in payment rates, with every month falling below 2024 levels



The number of customers missing one payment dropped year-on-year, but the percentage of customers missing two and three payments trended upwards from May and June respectively, for the remainder of the year



The number of customers using credit cards to withdraw cash followed seasonal trends, with summer peaks and winter troughs, but remained lower than in 2024



The data shows a very clear picture of consumers actively curtailing expenditure due to persistent affordability pressures. Spend was consistently lower than in 2024, average balances were higher and the percentage of overall balance paid dropped year-on-year.


Spending in Decline


From March 2025, as the cost of living increased, year-on-year spending declines persisted. Although it followed the expected seasonal patterns, with December reaching £831 and June peaking at £826, year-on-year these represented reductions compared to 2024.


Balances Rising


However, whilst spend dropped, balances did not, further underlining affordability pressures felt by UK households. Starting from £1,849 in January (+4.6% YoY), balances reached an all-time high of £1,950 by December (+4.8% YoY), with sustained elevation throughout the year. The persistent growth, occurring alongside reduced spending, clearly demonstrates the impact of deteriorating payment behaviours.


2025 saw a deterioration in the percentage of overall balance paid, with every month falling below 2024 levels. Beginning at 36.3% in January (-3.4% YoY), payment rates declined throughout the year, reaching 33.4% in November (-7.4% YoY) before stabilising at 33.4% in December (-6.8% YoY).


Missed Payments


The picture for missed payments also illustrates the juggling act many households faced through the year. Fewer accounts missed one payment than in 2024. However, the average balance for accounts missing one payment is higher than in 2024, and has been growing at a faster rate since May. This indicates that when customers experience payment difficulties in early delinquency, they do so with substantially higher debt loads than previous cohorts. Average balances for accounts with one missed payment reached £2,440 by December, representing an 8.2% year-on-year increase.


The percentage of customers missing two and three payments has trended upwards since the middle of the year and the average balance has also increased since 2024. Accounts with two missed payments peaked at £2,938 in November (+4.9% YoY) and those with three missed payments rose to £3,324 in December (+4.1% YoY).


The Picture for 2026


Heading into 2026, with other economic indicators still illustrating financial pressures, pre-delinquency intervention strategies will be critical for lenders, with authorisation transaction approvals closely monitored as customers reach their limit. Flexible payment options, affordability reviews, and balance management tools such as spending alerts and caps will help to prevent customers from accumulating high balances in early-stage delinquency.


These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80% of UK card issuers. For more information on these trends, contact FICO.


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 US 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 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at www.fico.com.


FICO and TRIAD are registered trademarks of Fair Isaac Corporation in the United States and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260316852690/en/
For further press information please contact:

FICO UK PR Team

Wendy Harrison/Matthew Enderby

ficoteam@harrisonsadler.com

0208 977 9132


Original: UK Credit Cards in 2025: Balances Reached New Highs While Payments Fell

FICO Announces Pricing of $1.0 Billion in Senior NotesMarch 11, 2026 4:45 PM
Business Wire
Fair Isaac Corporation (NYSE: FICO) announced today that it priced $1.0 billion in aggregate principal amount of 6.250% Senior Notes due 2034 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes were priced to investors at 100% of their principal amount and are senior unsecured obligations of FICO.


FICO intends to use the net proceeds from the offering of the Notes to repay certain indebtedness outstanding under its existing unsecured revolving credit facility, to fund the redemption in full of $400 million aggregate principal amount of the 5.25% Senior Notes due 2026 that were issued on May 8, 2018 (the “2018 Senior Notes”), to pay related fees and expenses, and for general corporate purposes which may include repurchases of common stock.


FICO expects to close on the sale of the Notes on March 20, 2026, subject to customary closing conditions.


As previously announced, on March 11, 2026, FICO provided conditional notice of its intent to redeem the 2018 Senior Notes on March 26, 2026 subject to the successful issuance of the Notes on terms and in an aggregate principal amount satisfactory to FICO. This press release does not constitute a notice of redemption with respect to the 2018 Senior Notes.


The Notes are being sold to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.


This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release is being issued pursuant to, and in accordance with, Rule 135(c) under the Securities Act.


Statement Concerning Forward-Looking Information


Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the risks related to the offering of the Notes, impact of macroeconomic conditions on FICO’s business, operations and personnel, the success of FICO’s business strategies, the maintenance of its existing relationships and ability to create new relationships with customers, distributors and other business partners, its ability to continue to develop new and enhanced products and services and to enter new markets, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use or cost of consumer credit and other data, the failure to protect such data, the failure to realize the anticipated benefits of any acquisitions, or divestitures, and material adverse developments or uncertainty in global economic conditions or in the markets or industries that FICO serves. Additional information on these risks and uncertainties and other factors that could affect FICO's future results are described from time to time in FICO’s reports filed with the Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the year ended September 30, 2025 and its subsequent filing with the SEC. If any of these risks or uncertainties materialize, FICO’s results could differ materially from its expectations. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. FICO disclaims any intent or obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260311615634/en/
FICO Contact:

press@fico.com


FICO Investors & Analysts:

Dave Singleton

Fair Isaac Corporation

(800) 459-7125

investor@fico.com


Original: FICO Announces Pricing of $1.0 Billion in Senior Notes

got a tip, FICO bblr relationship?

FICO Announces Proposed Offering of $1.0 Billion in Senior NotesMarch 11, 2026 9:30 AM
Business Wire
Fair Isaac Corporation (NYSE: FICO) announced today that it intends to offer, subject to market and certain other conditions, $1.0 billion in aggregate principal amount of Senior Notes due 2034 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be senior unsecured obligations of FICO.


FICO intends to use the net proceeds from the offering of the Notes to repay certain indebtedness outstanding under its existing unsecured revolving credit facility, to fund the redemption in full of $400 million aggregate principal amount of the 5.25% Senior Notes due 2026 that were issued on May 8, 2018 (the “2018 Senior Notes”), to pay related fees and expenses, and for general corporate purposes which may include repurchases of common stock.


On March 11, 2026, FICO plans to provide a conditional notice of its intent to redeem the 2018 Senior Notes on March 26, 2026 subject to the successful issuance of the Notes on terms and in an aggregate principal amount satisfactory to FICO. This press release does not constitute a notice of redemption with respect to the 2018 Senior Notes.


The Notes will be offered and sold to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.


This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release is being issued pursuant to, and in accordance with, Rule 135(c) under the Securities Act.


Statement Concerning Forward-Looking Information


Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the risks related to the offering of the Notes, impact of macroeconomic conditions on FICO’s business, operations and personnel, the success of FICO’s business strategies, the maintenance of its existing relationships and ability to create new relationships with customers, distributors and other business partners, its ability to continue to develop new and enhanced products and services and to enter new markets, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use or cost of consumer credit and other data, the failure to protect such data, the failure to realize the anticipated benefits of any acquisitions, or divestitures, and material adverse developments or uncertainty in global economic conditions or in the markets or industries that FICO serves. Additional information on these risks and uncertainties and other factors that could affect FICO's future results are described from time to time in FICO’s reports filed with the Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the year ended September 30, 2025 and its subsequent filing with the SEC. If any of these risks or uncertainties materialize, FICO’s results could differ materially from its expectations. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. FICO disclaims any intent or obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260311674126/en/
FICO Contact

press@fico.com


FICO Investors & Analysts:

Dave Singleton

Fair Isaac Corporation

(800) 459-7125

investor@fico.com


Original: FICO Announces Proposed Offering of $1.0 Billion in Senior Notes

FICO UK Credit Card Market Report: December 2025February 17, 2026 4:00 AM
Business Wire
Continued financial pressures evident as balances reach highest level since FICO records began


FICO (NYSE: FICO):


Analysis of credit card data for December 2025 by global analytics software leader FICO shows typical seasonal trends for increased spending. However, balances reached the highest level seen since FICO began analysing credit card data, while payments remained stable. With the start of the new year typically seeing consumers facing the reality of Christmas spending, there’s the potential for increased financial stress at the start of the new year.


Highlights



Spending rose by 5.6% from November to December, reaching an average of £830, however it was 3.5% lower than December 2024 continuing the pattern seen since March



Average active balances rose to the highest level since FICO records began, up 1.7% on November and 4.8 year-on-year to £1,950



The percentage of overall balance paid stabilised at 33.4% in December – 0.1% higher than November but 6.8% lower year-on-year



Following seasonal trends customers missing one payment increased 6.4% month-on-month. The percentage missing three payments increased 3.7% month-on-month and 4.9% year-on-year



Average balances for customers with missed payments remain significantly higher compared to 2024



FICO Comment:


For the second month, low payment rates (33.4%) and high pre-Christmas spending led to rising average balances. These trends signal continued financial stress for consumers, with balances continuing their persistent upward trend seen in recent years. It is expected that payment rates will increase in January as consumers traditionally focus on paying off Christmas spend in the New Year.


December typically sees the number of customers missing one payment increase and 2025 was no exception, as consumers prioritised new spending over repaying balances. With the higher cost of living, average balances for delinquent customers remain significantly elevated compared to 2024. With more customers having missed three payments, and balances for this group having risen compared to the previous month and previous year, the most financially stressed are facing continued challenges.


The record-high average active balance of £1,950, combined with payment rates remaining low, highlights the affordability challenges facing UK consumers. Risk teams should prepare for potential payment stress in January and February with enhanced monitoring of payment patterns and proactive intervention strategies critical.


Key Trend Indicators – UK Cards December 2025




Metric






Amount






Month-on-Month Change






Year-on-Year Change








Average UK Credit Card Spend






£830






+5.6%






-3.5%








Average Card Balance






£1,950






+1.7%






+4.8%








Percentage of Payments to Balance






33.4%






+0.1%






-6.8%








Accounts with One Missed Payment






1.4%






+6.4%






-4.3%








Accounts with Two Missed Payments






0.3%






-1.2%






+3.1%








Accounts with Three Missed Payments






0.2%






+3.7%






+4.9%








Average Credit Limit






£5,930






+0.2%






+2.4%








Average Overlimit Spend






£95






+3.3%






+2.2








Cash Sales as a % of Total Sales






0.8%






-9.7%






+5%







Source: FICO


These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80% of UK card issuers. For more information on these trends, contact FICO.


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 US 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 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at www.fico.com.


FICO and TRIAD are registered trademarks of Fair Isaac Corporation in the United States and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260217547164/en/
For further press information please contact:


FICO UK PR Team

Wendy Harrison/Matthew Enderby

ficoteam@harrisonsadler.com

0208 977 9132


Original: FICO UK Credit Card Market Report: December 2025

Gartner® reconoce a FICO en su informe 2026 sobre Capacidades Críticas para plataformas de inteligencia de decisionesFebruary 11, 2026 11:00 AM
Business Wire
FICO fue reconocida en los casos de uso de Análisis de Decisiones, Ingeniería de Decisiones, Ciencia de Decisiones y Gestión de Decisiones en el informe de Capacidades Críticas de Gartner®


FICO, líder mundial en software de analítica de datos, ha anunciado hoy que Gartner la ha reconocido en el informe Gartner® Critical Capabilities for Decision Intelligence Platforms 2026. El informe Critical Capabilities (Capacidades Críticas) evaluó a FICO, el cual clasificó a los proveedores en los siguientes cuatro casos de uso de capacidades críticas: análisis de decisiones, ingeniería de decisiones, ciencia de decisiones y gestión de decisiones.


FICO se posicionó en segundo lugar en todos los casos de uso y considera que este reconocimiento valida su estrategia para afrontar los retos actuales y las oportunidades futuras con agilidad y rapidez.


Para leer el informe completo Critical Capabilities de Gartner® 2026, visite: https://www.fico.com/en/gartner-cc-2026-decision-intelligence-platforms.


Las plataformas de inteligencia decisional (DIP, por sus siglas en inglés) pueden ayudar a los líderes de analítica de datos a abordar y satisfacer necesidades críticas al proporcionar software para el desarrollo de servicios de decisión que respalda, mejora y automatiza la toma de decisiones de personas o máquinas. Todo ello gracias a la combinación de datos, análisis, conocimientos y técnicas de inteligencia artificial.


Los casos de uso de las DIP, que definimos como análisis de decisiones, ingeniería de decisiones, ciencia de decisiones y gestión de decisiones, reflejan los perfiles de los usuarios y las habilidades de inteligencia de decisiones necesarias para definir, gestionar, observar y colaborar a lo largo del ciclo de vida de las decisiones.


“Creemos que este reconocimiento valida nuestra visión de la Plataforma FICO, ya que seguimos dando forma al futuro de la empresa inteligente y subraya por qué nuestros clientes depositan su confianza en FICO”, afirmó Nikhil Behl, presidente de software en FICO. “La Plataforma FICO destaca en la ingeniería de decisiones al permitir a nuestros clientes componer y poner en práctica servicios de decisión escalables a través de un enfoque centrado en el negocio con capacidades de inteligencia artificial y transmisión de datos de primera clase” añadió.


Este informe sigue al reciente reconocimiento de FICO como líder en el en informe Cuadrante Mágico™ de Gartner® de 2026 para plataformas de inteligencia de decisión.


Para obtener más información sobre los recientes reconocimientos de los analistas a FICO por las capacidades de la Plataforma FICO®, visite: https://www.fico.com/en/awards-recognition


Acerca de Gartner y los informes de capacidades críticas.


Gartner ofrece información práctica y objetiva a los ejecutivos y sus equipos. Su orientación y herramientas expertas permiten tomar decisiones más rápidas e inteligentes y obtener un rendimiento más sólido en las prioridades críticas de la misión de una organización.


El documento Critical Capabilities es un análisis comparativo que puntúa los productos o servicios de la competencia en función de un conjunto de diferenciadores críticos identificados por Gartner. Muestra qué productos o servicios son los más adecuados en diversos casos de uso para ofrecer consejos prácticos sobre qué productos o servicios debe añadir a la lista de proveedores para una evaluación más detallada. Más información sobre el informe Critical Capabilities aquí.


Gartner, Critical Capabilities para la inteligencia de decisión, Carlie Idoine, David Pidsley, Kevin Quinn, Gareth Herschel, Kjell Carlsson, 27 de enero de 2026.


Gartner es una marca comercial de Gartner, Inc. y/o sus filiales.


Gartner no respalda a ninguna empresa, proveedor, producto o servicio descrito en sus publicaciones, y no aconseja a los usuarios de tecnología que seleccionen sólo a los proveedores con las calificaciones más altas u otras designaciones. Las publicaciones de Gartner consisten en las opiniones de la organización de conocimientos empresariales y tecnológicos de Gartner y no deben interpretarse como declaraciones de hecho. Gartner renuncia a todas las garantías, expresas o implícitas, con respecto a esta publicación, incluidas las garantías de comerciabilidad o idoneidad para un fin determinado.


Acerca de FICO


FICO (NYSE: FICO) impulsa decisiones que ayudan a prosperar a personas y empresas de todo el mundo. Fundada en 1956, la empresa es pionera en el uso del análisis predictivo y la ciencia de datos para mejorar las decisiones operativas. FICO posee más de 200 patentes estadounidenses y extranjeras sobre tecnologías que aumentan la rentabilidad, la satisfacción del cliente y el crecimiento de las empresas de servicios financieros, seguros, telecomunicaciones, atención sanitaria, comercio minorista y muchos otros sectores. Gracias a las soluciones de FICO, empresas de más de 80 países realizan todo tipo de tareas, desde proteger 4000 millones de tarjetas de pago contra el fraude hasta mejorar la inclusión financiera y aumentar la resiliencia de la cadena de suministro. La puntuación FICO®, utilizada por el 90 % de los principales prestamistas de EE. UU., es la medida estándar del riesgo crediticio de los consumidores en EE. UU. y está disponible en más de 40 países, lo que mejora la gestión del riesgo, el acceso al crédito y la transparencia. Más información en https://www.fico.com/en. Únase a la conversación en https://x.com/FICO_corp y https://www.fico.com/blogs/ Para noticias y recursos multimedia de FICO, visite https://www.fico.com/en/newsroom


FICO es una marca comercial registrada de Fair Isaac Corporation en Estados Unidos y otros países.

Vea la versión original en businesswire.com: https://www.businesswire.com/news/home/20260211597544/es/
Contacto para medios:

Olivia Castañón

Porter Novelli para FICO

olivia.castanon@omc.com


Marcela Garfias

Porter Novelli para FICO

marcela.garfias@omc.com


Original: Gartner® reconoce a FICO en su informe 2026 sobre Capacidades Críticas para plataformas de inteligencia de decisiones

Grab Finance Expands Credit Access Across Southeast Asia Using FICO Platform, Delivering 22 Workflows in Six CountriesFebruary 4, 2026 8:00 PM
Business Wire
Region’s leading superapp advances financial inclusion for millions by applying advanced decisioning to behavioral data


FICO (NYSE: FICO)


Highlights:



Grab Finance has increased credit offer eligibility rates for its users by nearly 50%



Grab Finance implemented 22 decision workflows across six countries in Southeast Asia in under eight months



Grab Finance has won a 2026 FICO® Decision Award for Financial Inclusion



Grab Finance, the financial services arm of Southeast Asia's leading superapp, is using the industry-leading capabilities of FICO® Platform to transform credit access across the region. By implementing more than 22 decision workflows across six countries, the company has increased credit offer eligibility rates by nearly 50% for its users while serving more than 46 million consumers, plus millions of merchants and drivers across its ecosystem. The transformation has enabled more of Grab’s drivers, merchants, and passengers to not just access formal credit, but to do this at a much faster rate.


The solution uses appropriate behavioral data, including ride frequency, merchant revenues and payment history, supported by the industry-leading capabilities of FICO Platform to enable automated pre-approved offers across Grab’s ecosystem, in line with applicable laws/regulations in the region and Grab’s privacy commitments.


More information: https://www.fico.com/en/fico-platform


“Grab saw a strategic opportunity to make financing in Southeast Asia more accessible by leveraging our superapp ecosystem and behavioral data,” said Andre Tan, Regional Head, Lending Risk Platforms at Grab Finance. “Using FICO Platform, we can deliver contextual, real-time credit offers across multiple verticals within the Grab super app. This enables us to expand financial inclusion by providing credit access for underserved users who are economically active but often overlooked by traditional lenders.”


Breaking Down Barriers: Conquering Southeast Asia's Credit Challenges


Southeast Asia, home to more than 700 million people, has one of the world's largest underbanked populations. Grab Finance saw an opportunity to deliver responsible, scalable credit services across this diverse and complex region, given Grab’s scale and data-rich ecosystem.


One of the key challenges faced by many individuals and businesses in the region as they seek credit was data scarcity arising from their lack of traditional credit bureau history, leaving them with thin or no files at the bureau. Grab needed to develop alternative risk models using in-app behavioral signals, such as ride patterns, merchant activity and payment habits.


“We had millions of drivers and merchants who were invisible to traditional banks but were earning real income every day on our platform," said Tan. “We knew we could change that equation, but we needed technology that could support our efforts to see what conventional credit scoring couldn't.”


Additionally, the fragmented regulatory landscape meant credit, banking and data protection laws differ significantly across Southeast Asian countries, requiring localized compliance and explainability without losing regional consistency.


Rapid Time-to-Value


In less than eight months, FICO was able to deliver phase one of the transformation across six countries Grab operates in, enabling Grab to automate key processes such as credit eligibility assessment. The ambitious project involved 22 separate decision workflows delivered across the region and Grab’s three customer portfolios (driver-partners, passengers and merchant-partners).


“What Grab Finance has accomplished here is remarkable. They've essentially turned everyday digital behavior into a credit passport for millions of people who were previously invisible to traditional banking,” said Nikhil Behl, president, software at FICO. “When a taxi driver in Jakarta can get credit based on their ride patterns, or a food merchant in Bangkok can access working capital through their delivery history, that's not just innovation, it's economic transformation at scale.”


For its achievements, Grab Finance won a 2026 FICO® Decision Award for Financial Inclusion.


“This project drew attention because Grab Finance addressed credit assessment at a regional scale, rather than focusing solely on a discrete technology implementation,” said Sam Abadir, research director, risk and compliance, IDC Financial Insights, and a judge for the FICO Decision Awards. “The judges noted how the organization operationalized regulatory diversity across Southeast Asia within its credit decisioning framework, demonstrating an approach that integrates compliance requirements directly into platform design.”


About Grab Finance


Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. Serving over 800 cities in eight Southeast Asian countries – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – Grab enables millions of people every day to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending and insurance, all through a single app. We operate supermarkets in Malaysia under Jaya Grocer and Everrise, which enables us to bring the convenience of on-demand grocery delivery to more consumers in the country. As part of our financial services offerings, we also provide digital banking services through GXS Bank in Singapore and GXBank in Malaysia. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone. Grab strives to serve a triple bottom line – we aim to simultaneously deliver financial performance for our shareholders and have a positive social impact, which includes economic empowerment for millions of people in the region, while mitigating our environmental footprint.


About the FICO® Decision Awards


The FICO Decision Awards recognize organizations that are achieving remarkable success using FICO solutions. A panel of independent judges with deep industry expertise evaluates nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. The 2026 judges are:



Sam Abadir, research director, risk & compliance, IDC Financial Insights



Shrimanth Adla, senior director, credit risk strategy and analytics, Comcast



Manoj Agrawal, group editor, Banking Frontiers



Courtney Haan, strategic payments experience manager, Velera (Previous Winner)



Shelly Kramer, principal analyst at Kramer & Company and theCube Research



Andy Lawrie, credit risk tech lead at Nationwide Building Society (Previous Winner)



Lisa Morgan, technology journalist and contributor at InformationWeek



Déborah Oliveira, founder and editor-in-chief at IT Forum



The winners of the FICO Decision Awards will be spotlighted at and win tickets to FICO® World 2026, May 19-22, 2026, at the Signia By Hilton hotel, Orlando, Florida.


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 US 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 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency.


Learn more at https://www.fico.com

Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/

For FICO news and media resources, visit https://www.fico.com/newsroom


FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260204753549/en/
Neil Mirano

RICE for FICO

+65 3157 5680

neil.mirano@ricecomms.com


FICO

press@fico.com


Original: Grab Finance Expands Credit Access Across Southeast Asia Using FICO Platform, Delivering 22 Workflows in Six Countries

Mentalist Oz Pearlman Will Demonstrate Power of Reading Customer Cues at FICO World 2026February 3, 2026 10:30 AM
Business Wire
The world’s leading applied intelligence conference takes place May 19-22 in Orlando, Florida, showcasing what’s next in AI for financial services


FICO (NYSE: FICO):


Highlights:



Emmy Award winning mentalist Oz Pearlman will perform his jaw-dropping show at FICO® World 2026



FICO® World is the leading conference on applied intelligence and applications of AI in financial services



More than 1,500 business leaders from 50+ countries are expected to attend FICO World 2026



FICO World is May 19-22 in Orlando, Florida



Global analytics software leader FICO today announced that Oz Pearlman, one of the world’s most renowned and sought-after mentalists and New York Times bestselling author, will bring his extraordinary powers to the FICO® World 26 main stage, captivating the audience with his extraordinary ability to read minds and influence perception. FICO World is May 19-22 in Orlando, Florida.


More information: www.fico.com/en/ficoworld


“Businesses worldwide are striving to create authentic connections with customers, and the key to that is reading customer behavior,” said Oz Pearlman. “This is what I do. Join me at FICO World 2026 as I bridge the gap between mind reading and psychology-based customer management.”


“AI is reshaping the rules and roles in financial services,” said Nikhil Behl, president, Software at FICO. “FICO World gives the world’s leaders in financial services the chance to learn from each other, to benchmark their progress and to discover new strategies and technologies. In this context, Oz Pearlman will demonstrate how powerful it is when you read every signal from your customers and act on it. This is the capability every company today needs, and it’s what we bring to life through our AI-powered software.”


Oz Pearlman has spent a lifetime in pursuit of understanding human behavior and decision-making. After several successful years on Wall Street, he left the corporate world to follow his passion full-time—and has spent more than 25 years astonishing audiences across the globe with performances that defy explanation. A frequent guest on The TODAY Show, The Tonight Show and other media, Oz has built a reputation for blending entertainment with powerful insights into psychology, communication, and influence.


FICO World takes place in Orlando, FL, from May 19-22, 2026. The four-day conference is expected to attract more than 1,500 business leaders from 50+ countries to explore the latest breakthroughs in AI and applied intelligence and best practices in customer management, fraud prevention and digital transformation. Many of the world’s leading financial institutions will reveal their progress in leading what FICO calls the "Intelligence Revolution."


See more information and register at www.fico.com/en/ficoworld


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 US 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 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at www.fico.com.


Learn more at https://www.fico.com/en.


Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/.


For FICO news and media resources, visit https://www.fico.com/en/newsroom.


FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260203041482/en/
press@fico.com


Original: Mentalist Oz Pearlman Will Demonstrate Power of Reading Customer Cues at FICO World 2026

FICO é reconhecida no relatório Gartner® Critical Capabilities 2026 para Plataformas de Inteligência de DecisãoFebruary 3, 2026 9:59 AM
Business Wire
FICO é reconhecida nos casos de uso de Análise de Decisão, Engenharia de Decisão, Ciência de Decisão e Governança de Decisão no relatório Gartner® Critical Capabilities


A FICO (NYSE: FICO), líder global em software analítico, anunciou que foi reconhecida pelo Gartner no relatório Gartner® Critical Capabilities 2026 para Plataformas de Inteligência de Decisão. O relatório Critical Capabilities avaliou a FICO e classificou fornecedores nos seguintes quatro casos de uso de capacidades críticas: Análise de Decisão, Engenharia de Decisão, Ciência de Decisão e Governança de Decisão. A FICO ficou em 2º lugar considerando todos os casos de uso e entende esse reconhecimento como uma validação de sua estratégia para responder com agilidade e rapidez aos desafios de hoje e às oportunidades de amanhã.


Para ler o relatório completo Gartner® Critical Capabilities 2026, acesse: https://www.fico.com/en/gartner-cc-2026-decision-intelligence-platforms.


“Plataformas de inteligência de decisão podem ajudar líderes de D&A a atender e suprir necessidades críticas ao oferecer software para o desenvolvimento de serviços de decisão que apoiam, ampliam e automatizam a tomada de decisão de humanos ou máquinas. Tudo isso é viabilizado pela combinação de dados, analytics, conhecimento e técnicas de IA. Os casos de uso dessas plataformas, que definimos como análise de decisão, engenharia de decisão, ciência de decisão e governança de decisão, refletem os perfis de usuários e as habilidades de inteligência de decisão necessárias para definir, gerenciar, monitorar e colaborar ao longo do ciclo de vida das decisões.”


“Acreditamos que esse reconhecimento valida nossa visão para a Plataforma FICO à medida que continuamos a moldar o futuro das empresas inteligentes e reforça por que nossos clientes confiam na FICO”, afirmou Nikhil Behl, presidente de software da FICO. “A Plataforma FICO se destaca em engenharia de decisão ao permitir que nossos clientes componham e operacionalizem serviços de decisão escaláveis por meio de uma abordagem centrada no negócio, com capacidades de IA de classe mundial e streaming de dados.”


Este relatório vem na sequência do recente reconhecimento da FICO como Líder no Gartner® Magic Quadrant™ 2026 para Plataformas de Inteligência de Decisão.


Para mais informações sobre os reconhecimentos recentes de analistas às capacidades da Plataforma FICO, acesse: https://www.fico.com/en/awards-recognition


Sobre o Gartner e os relatórios Critical Capabilities


O Gartner fornece insights objetivos e acionáveis para executivos e suas equipes. Suas orientações especializadas e ferramentas permitem decisões mais rápidas e inteligentes, além de melhor desempenho nas prioridades estratégicas das organizações.


O documento Critical Capabilities é uma análise comparativa que pontua produtos ou serviços concorrentes com base em um conjunto de diferenciais críticos identificados pelo Gartner. Ele mostra quais produtos ou serviços são mais adequados para diferentes casos de uso e oferece recomendações práticas sobre quais soluções devem ser incluídas na lista de fornecedores para avaliação adicional.

Saiba mais sobre o relatório Critical Capabilities.


Gartner, Critical Capabilities for Decision Intelligence, Carlie Idoine, David Pidsley, Kevin Quinn, Gareth Herschel, Kjell Carlsson, 27 de janeiro de 2026


Gartner é uma marca registrada da Gartner, Inc. e/ou de suas afiliadas.


O Gartner não endossa nenhuma empresa, fornecedor, produto ou serviço mencionado em suas publicações e não recomenda que usuários de tecnologia selecionem apenas fornecedores com as classificações mais altas ou outras designações. As publicações do Gartner refletem as opiniões de sua organização de pesquisa e consultoria em negócios e tecnologia e não devem ser interpretadas como declarações de fato. O Gartner se isenta de todas as garantias, expressas ou implícitas, relacionadas a esta publicação, incluindo garantias de comercialização ou adequação a um propósito específico.


Sobre a FICO


A FICO (NYSE: FICO) capacita decisões que ajudam pessoas e empresas ao redor do mundo a prosperarem. Fundada em 1956, a empresa é pioneira no uso de análises preditivas e ciência de dados para melhorar decisões operacionais. A FICO detém mais de 200 patentes nos Estados Unidos e em outros países para tecnologias que aumentam a lucratividade, satisfação do cliente e crescimento de negócios nos setores de serviços financeiros, seguros, telecomunicações, saúde, varejo e muitos outros. Com as soluções da FICO, empresas em mais de 80 países fazem desde a proteção de quatro bilhões de cartões de pagamento contra fraudes, até a melhoria da inclusão financeira e o aumento da resiliência da cadeia de suprimentos. O FICO® Score, utilizado por 90% dos maiores credores dos EUA, é a medida padrão de risco de crédito ao consumidor nos Estados Unidos e foi disponibilizado em mais de 40 outros países, melhorando a gestão de riscos, o acesso ao crédito e a transparência.


Saiba mais em https://www.fico.com


Participe da conversa em https://x.com/FICO_corp e https://www.fico.com/blogs/


Para notícias e recursos de mídia da FICO, visite https://www.fico.com/en/newsroom


FICO é uma marca registrada da Fair Isaac Corporation nos EUA e em outros países.

Ver a versão original em businesswire.com: https://www.businesswire.com/news/home/20260203847862/pt/
Informações para a Imprensa:

InPress Porter Novelli

fico@inpresspni.com.br


Original: FICO é reconhecida no relatório Gartner® Critical Capabilities 2026 para Plataformas de Inteligência de Decisão

FICO Recognized in the 2026 Gartner® Critical Capabilities Report for Decision Intelligence PlatformsJanuary 30, 2026 12:00 PM
Business Wire
FICO recognized across Decision Analysis, Decision Engineering, Decision Science, and Decision Stewardship Use Cases in the Gartner® Critical Capabilities report


FICO (NYSE: FICO), a global analytics software leader, today announced that Gartner recognized FICO in the 2026 Gartner® Critical Capabilities for Decision Intelligence Platforms. The Critical Capabilities report evaluated FICO, which ranked vendors in the following four Critical Capabilities Use Cases: Decision Analysis, Decision Engineering, Decision Science, and Decision Stewardship. FICO ranked 2nd across all Use Cases and sees this recognition as validation of the strategy to meet today's challenges and tomorrow's opportunities with agility and speed.


To read the full 2026 Gartner® Critical Capabilities report, visit: https://www.fico.com/en/gartner-cc-2026-decision-intelligence-platforms.


“Decision intelligence platforms (DIPs) can help D&A leaders address and fill critical needs by providing software for decision service development that supports, augments and automates decision making of humans or machines. All of this is powered by the composition of data, analytics, knowledge and AI techniques. The use cases for DIPs — which we define as decision analysis, decision engineering, decision science and decision stewardship — are reflective of the user personas and related decision intelligence skills needed to define, manage, observe and collaborate across the decision life cycle.”


“We believe this recognition validates our vision for FICO Platform as we continue to shape the future of the intelligent enterprise and underscores why our customers place their trust in FICO," said Nikhil Behl, president of software at FICO. “FICO Platform excels at decision engineering by enabling our customers to compose and operationalize scalable decision services through a business-centric approach with world class AI and data streaming capabilities.”


This report follows FICO’s recent recognition as Leader in the 2026 Gartner® Magic Quadrant™ for Decision Intelligence Platforms.


For more background on FICO’s recent analyst recognitions for its FICO® Platform capabilities, visit: https://www.fico.com/en/awards-recognition


About Gartner and the Critical Capabilities Reports


Gartner delivers actionable, objective insight to executives and their teams. Its expert guidance and tools enable faster, smarter decisions and stronger performance on an organization’s mission-critical priorities.


The Critical Capabilities document is a comparative analysis that scores competing products or services against a set of critical differentiators identified by Gartner. It shows you which products or services are a best fit in various use cases to provide you actionable advice on which products/services you should add to your vendor shortlists for further evaluation. Learn more about the Critical Capabilities report.


Gartner, Critical Capabilities for Decision Intelligence, Carlie Idoine, David Pidsley, Kevin Quinn, Gareth Herschel, Kjell Carlsson, January 27, 2026


Gartner is a trademark of Gartner, Inc. and/or its affiliates.


Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose.


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 US 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 US lenders, is the standard measure of consumer credit risk in the US 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.


Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/


For FICO news and media resources, visit https://www.fico.com/en/newsroom.


FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260130108152/en/
press@fico.com


Original: FICO Recognized in the 2026 Gartner® Critical Capabilities Report for Decision Intelligence Platforms

FICO UK Credit Card Market Report: November 2025January 30, 2026 4:00 AM
Business Wire
Pre-Christmas spending remained below 2024 figures, but balances rose as payments fell to the lowest level since 2021


FICO (NYSE: FICO)


Analysis of credit card data for November 2025 by global analytics software leader FICO has found spending, balances and payments followed seasonal trends in the run-up to Christmas. However, while spending rose as expected during November, it was lower year-on-year, signalling continued pressure on household finances. Average balances resumed an upward trajectory as payment rates dropped to the lowest level since 2021, and overlimit usage increased, meaning risk and collections teams need to be particularly vigilant.


Highlights



Spending rose by 2.6% from October to November, reaching an average of £785, but remained 2.4% lower year-on-year



Average active balances reached £1,915, representing a monthly increase of 0.8% and an annual rise of 5%



33.4% of the overall balance was paid in November 2025, 2.8% down on the previous month and 7.4% down from November 2024



Average balances for customers missing payments have increased across all categories, month-on-month and year-on-year



The number of credit card accounts over their limit in November increased by 6.4% month-on-month and 5.9% year-on-year



The percentage of customers using credit cards to take out cash showed the most significant seasonal decline, decreasing by 12.3% from the previous month and 15.2% year-on-year



FICO Comment:


The combination of the lowest payment rates since 2021 (33.4%) and increasing overlimit usage signals significant financial stress as consumers entered the critical Christmas spending period. With the likelihood of further deterioration in December before some recovery in January, when consumers typically focus on paying off festive spend, risk and collections teams should implement enhanced monitoring for customers showing early warning signs of payment distress.


The continued growth in delinquent balances across all categories indicates that when customers do miss payments, they are doing so with significantly higher debt loads than in previous years. This will make recovery more challenging and require more intensive collection strategies.


Compared to November 2024, there was a mixed picture across accounts with one, two and three missed payments. Improvements were seen in early-stage delinquency, while deterioration was evident in the later stages.


Effective account management decisions must consider a consumer’s current circumstances and ability to afford their current levels of debt, as well as their ability to absorb additional debt – especially if they have recently paid off outstanding balances and their overall behavioural risk has improved. Proactive outreach is a key factor here; it’s the difference between helping a customer stay on track and dealing with a full-blown arrears situation later. It is also at the heart of the Consumer Duty; lenders must ensure any solution offered doesn’t set up the customer to fail.


Key Trend Indicators UK Cards – November 2025




Metric






Amount






Month-on-Month




Change






Year-on-Year




Change








Average UK Credit Card Spend






£785






+2.6%






-2.4%








Average Card Balance






£1,915






+0.8%






+5%








Percentage of Payments to Balance






33.4%






-2.8%






-7.4%








Accounts with One Missed Payment






1.3%






-6.9%






-1.7%








Accounts with Two Missed Payments






0.3%






+1.7%






+1.9%








Accounts with Three Missed Payments






0.2%






+2.2%






+3.5%








Average Credit Limit






£5,920






+0.2%






+2.6%








Average Overlimit Spend






£90






-3.2%






0%








Cash Sales as a % of Total Sales






0.8%






-5.4%






+2%








Source: FICO







These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80% of UK card issuers. For more information on these trends, contact FICO.


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 US 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 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at www.fico.com.


FICO and TRIAD are registered trademarks of Fair Isaac Corporation in the United States and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260130508151/en/
For further press information please contact:

FICO UK PR Team

Wendy Harrison/Matthew Enderby

ficoteam@harrisonsadler.com

0208 977 9132


Original: FICO UK Credit Card Market Report: November 2025

FICO Announces Earnings of $6.61 per Share for First Quarter Fiscal 2026January 28, 2026 4:15 PM
Business Wire
Revenue of $512 million vs. $440 million in prior year


FICO (NYSE:FICO), a global analytics software leader, today announced results for its first fiscal quarter ended December 31, 2025.


First Quarter Fiscal 2026 GAAP Results


Net income for the quarter totaled $158.4 million, or $6.61 per share, versus $152.5 million, or $6.14 per share, in the prior year period.


Net cash provided by operating activities for the quarter was $174.1 million versus $194.0 million in the prior year period.


First Quarter Fiscal 2026 Non-GAAP Results


Non-GAAP Net Income for the quarter was $175.6 million versus $143.8 million in the prior year period. Non-GAAP EPS for the quarter was $7.33 versus $5.79 in the prior year period. Free cash flow was $165.4 million for the current quarter versus $186.8 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.


First Quarter Fiscal 2026 GAAP Revenue


The company reported revenues of $512.0 million for the quarter as compared to $440.0 million reported in the prior year period, an increase of 16%.


“We had a good start to our fiscal year, with strong top and bottom-line growth,” said Will Lansing, chief executive officer. “We reiterate our fiscal year 2026 guidance, which yields stronger growth than we achieved in FY25.”


Revenues for the first 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 $304.5 million in the first quarter, compared to $235.7 million in the prior year period, an increase of 29%. B2B revenue increased 36%, 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 2% year-over-year with $207.5 million in the first quarter, compared to $204.3 million in the prior year period. Software Annual Recurring Revenue on December 31, 2025, was up 5% year-over-year, consisting of a 33% increase in platform ARR and an 8% decline in non-platform ARR. The total Software Dollar-Based Net Retention Rate was 103% on December 31, 2025, with platform software at 122% and non-platform software at 91%.



Outlook


We reiterate the following guidance for fiscal 2026:




 






Fiscal 2026 Guidance








Revenues






$2.35 billion








GAAP Net Income






$795 million








GAAP EPS






$33.47








Non-GAAP Net Income






$907 million








Non-GAAP EPS






$38.17







The Non-GAAP financial measures are described in the financial table captioned “Reconciliation of Non-GAAP Guidance.”


Company to Host Conference Call


The company will host a webcast on January 28, 2026, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to report its first 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 January 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


Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/


For FICO news and media resources, visit https://www.fico.com/en/newsroom


FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.


Statement Concerning Forward-Looking Information


Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the impact of macroeconomic conditions on FICO’s business, operations and personnel, the success of the Company’s business strategies, the maintenance of its existing relationships and ability to create new relationships with customers, distributors and other business partners, its ability to continue to develop new and enhanced products and services and to enter new markets, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use or costs of consumer credit and other data, the failure to protect such data, the failure to realize the anticipated benefits of any acquisitions, or divestitures, and material adverse developments or uncertainty in global economic conditions or in the markets or industries that the Company serves. Additional information on these risks and uncertainties and other factors that could affect FICO’s future results are described from time to time in FICO’s SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2025 and its subsequent filings with the SEC. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. FICO disclaims any intent or obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise.






 



FAIR ISAAC CORPORATION




CONDENSED CONSOLIDATED BALANCE SHEETS




(Unaudited)










 



 






December 31, 2025






 






September 30, 2025








 






(In thousands)








Assets






 






 






 








Current assets:






 






 






 








Cash and cash equivalents






$






162,034






 






 






$






134,136






 








Accounts receivable, net






 






495,117






 






 






 






529,148






 








Prepaid expenses and other current assets






 






41,656






 






 






 






41,881






 








Total current assets






 






698,807






 






 






 






705,165






 








Marketable securities






 






55,866






 






 






 






54,625






 








Property and equipment, net






 






73,711






 






 






 






67,713






 








Operating lease right-of-use assets






 






24,725






 






 






 






26,213






 








Goodwill






 






783,520






 






 






 






783,340






 








Other assets






 






217,531






 






 






 






231,077






 








Total assets






$






1,854,160






 






 






$






1,868,133






 








Liabilities and Stockholders’ Deficit






 






 






 








Current liabilities:






 






 






 








Accounts payable and other accrued liabilities






$






102,141






 






 






$






146,933






 








Accrued compensation and employee benefits






 






76,809






 






 






 






115,369






 








Deferred revenue






 






173,371






 






 






 






187,372






 








Current maturities on debt






 






399,738






 






 






 






399,541






 








Total current liabilities






 






752,059






 






 






 






849,215






 








Long-term debt






 






2,797,091






 






 






 






2,656,150






 








Operating lease liabilities






 






17,895






 






 






 






19,187






 








Other liabilities






 






95,249






 






 






 






89,365






 








Total liabilities






 






3,662,294






 






 






 






3,613,917






 








 






 






 






 








Stockholders’ deficit






 






(1,808,134






)






 






 






(1,745,784






)








Total liabilities and stockholders’ deficit






$






1,854,160






 






 






$






1,868,133






 










 




FAIR ISAAC CORPORATION




CONDENSED CONSOLIDATED STATEMENTS OF INCOME




(Unaudited)








 



 






Quarter Ended December 31,








 






 






2025






 






 






 






2024






 








 






(In thousands, except per share data)








Revenues:






 






 






 








On-premises and SaaS software






$






188,221






 






 






$






186,011






 








Professional services






 






19,204






 






 






 






18,282






 








Scores






 






304,534






 






 






 






235,675






 








Total revenues






 






511,959






 






 






 






439,968






 








Operating expenses:






 






 






 








Cost of revenues






 






87,261






 






 






 






87,345






 








Research and development






 






49,912






 






 






 






45,145






 








Selling, general and administrative






 






140,737






 






 






 






127,950






 








Total operating expenses






 






277,910






 






 






 






260,440






 








Operating income






 






234,049






 






 






 






179,528






 








Other expense, net






 






(42,118






)






 






 






(29,399






)








Income before income taxes






 






191,931






 






 






 






150,129






 








Income tax provision (benefit)






 






33,558






 






 






 






(2,399






)








Net income






$






158,373






 






 






$






152,528






 








Earnings per share:






 






 






 








Basic






$






6.68






 






 






$






6.26






 








Diluted






$






6.61






 






 






$






6.14






 








Shares used in computing earnings per share:






 






 






 








Basic






 






23,723






 






 






 






24,378






 








Diluted






 






23,958






 






 






 






24,827






 










 




FAIR ISAAC CORPORATION




CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS




(Unaudited)








 



 






Quarter Ended December 31,








 






 






2025






 






 






 






2024






 








 






(In thousands)








Cash flows from operating activities:






 






 






 








Net income






$






158,373






 






 






$






152,528






 








Adjustments to reconcile net income to net cash provided by operating activities:






 






 






 








Depreciation and amortization






 






4,017






 






 






 






3,535






 








Share-based compensation






 






44,269






 






 






 






40,654






 








Changes in operating assets and liabilities






 






(45,135






)






 






 






(1,235






)








Other, net






 






12,558






 






 






 






(1,485






)








Net cash provided by operating activities






 






174,082






 






 






 






193,997






 








Cash flows from investing activities:






 






 






 








Purchases of property and equipment






 






(226






)






 






 






(841






)








Capitalized internal-use software costs






 






(8,480






)






 






 






(6,330






)








Net activity from marketable securities






 






(4,028






)






 






 






(1,771






)








Net cash used in investing activities






 






(12,734






)






 






 






(8,942






)








Cash flows from financing activities:






 






 






 








Proceeds from revolving line of credit and term loans






 






260,000






 






 






 






275,000






 








Payments on revolving line of credit and term loans






 






(120,000






)






 






 






(63,750






)








Proceeds from issuance of treasury stock under employee stock plans






 






2,132






 






 






 






3,261






 








Taxes paid related to net share settlement of equity awards






 






(104,379






)






 






 






(196,126






)








Repurchases of common stock






 






(171,169






)






 






 






(162,581






)








Other, net






 






(66






)






 






 






(22






)








Net cash used in financing activities






 






(133,482






)






 






 






(144,218






)








Effect of exchange rate changes on cash






 






32






 






 






 






(7,250






)








Increase in cash and cash equivalents






 






27,898






 






 






 






33,587






 








Cash and cash equivalents, beginning of period






 






134,136






 






 






 






150,667






 








Cash and cash equivalents, end of period






$






162,034






 






 






$






184,254






 










 




FAIR ISAAC CORPORATION




NON-GAAP RESULTS




(Unaudited)








 



 






Quarter Ended December 31,








 






 






2025






 






 






 






2024






 








 






(In thousands, except per share data)








GAAP net income






$






158,373






 






 






$






152,528






 








Share-based compensation expense






 






44,269






 






 






 






40,654






 








Income tax adjustments






 






(11,375






)






 






 






(9,863






)








Excess tax benefit






 






(15,657






)






 






 






(39,530






)








Non-GAAP net income






$






175,610






 






 






$






143,789






 








 






 






 






 








GAAP diluted earnings per share






$






6.61






 






 






$






6.14






 








Share-based compensation expense






 






1.85






 






 






 






1.64






 








Income tax adjustments






 






(0.47






)






 






 






(0.40






)








Excess tax benefit






 






(0.65






)






 






 






(1.59






)








Non-GAAP diluted earnings per share






$






7.33






 






 






$






5.79






 








 






 






 






 








Free cash flow






 






 






 








Net cash provided by operating activities






$






174,082






 






 






$






193,997






 








Capital expenditures






 






(8,706






)






 






 






(7,171






)








Free cash flow






$






165,376






 






 






$






186,826






 








Note: The numbers may not sum to total due to rounding.







About Non-GAAP Financial Measures


To supplement the consolidated GAAP financial statements, the company uses the following non-GAAP financial measures: non-GAAP net income, non-GAAP EPS, and free cash flow. Non-GAAP net income and non-GAAP EPS exclude, to the extent applicable, such items as the impact of amortization expense, share-based compensation expense, restructuring and acquisition-related, excess tax benefit, and adjustment to tax valuation allowance items. Free cash flow excludes capital expenditures. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.


Management uses these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain items that may not be indicative of recurring business results including significant non-cash expenses. We believe management and investors benefit from referring to these non-GAAP financial measures in assessing our performance when planning, forecasting and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to historical performance and liquidity as well as comparisons to our competitors’ operating results. We believe these non-GAAP financial measures are useful to investors because they allow for greater transparency with respect to key measures used by management in its financial and operating decision-making.





 



FAIR ISAAC CORPORATION




RECONCILIATION OF NON-GAAP GUIDANCE




(Unaudited)









 



 






 






Fiscal 2026 Guidance








 






 






(In millions, except per share data)








 






 






 








GAAP net income






 






$






795






 








Share-based compensation expense






 






 






166






 








Income tax adjustments






 






 






(42






)








Excess tax benefit






 






 






(13






)








Non-GAAP net income






 






$






907






 








 






 






 








GAAP diluted earnings per share






 






$






33.47






 








Share-based compensation expense






 






 






6.99






 








Income tax adjustments






 






 






(1.75






)








Excess tax benefit






 






 






(0.55






)








Non-GAAP diluted earnings per share






 






$






38.17






 








Note: The numbers may not sum to total due to rounding.









 


About Non-GAAP Financial Measures


To supplement the consolidated GAAP financial statements, the company uses the following non-GAAP financial measures: non-GAAP net income, non-GAAP EPS, and free cash flow. Non-GAAP net income and non-GAAP EPS exclude, to the extent applicable, such items as the impact of amortization expense, share-based compensation expense, restructuring and acquisition-related, excess tax benefit, and adjustment to tax valuation allowance items. Free cash flow excludes capital expenditures. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.


Management uses these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain items that may not be indicative of recurring business results including significant non-cash expenses. We believe management and investors benefit from referring to these non-GAAP financial measures in assessing our performance when planning, forecasting and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to historical performance and liquidity as well as comparisons to our competitors’ operating results. We believe these non-GAAP financial measures are useful to investors because they allow for greater transparency with respect to key measures used by management in its financial and operating decision-making.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260128991109/en/
Investors/Analysts:

Dave Singleton

Fair Isaac Corporation

(800) 459-7125

investor@fico.com


Original: FICO Announces Earnings of $6.61 per Share for First Quarter Fiscal 2026