Q2 2026 Fair Isaac Corp Earnings Call Transcript
Key Points
- Fair Isaac Corp (FICO) reported a strong Q2 with revenues of $692 million, up 39% year-over-year.
- GAAP net income increased by 63% to $264 million, with GAAP earnings per share up 69% from the prior year.
- The company delivered $214 million in free cash flow for the quarter, contributing to a 28% increase over the last four quarters.
- FICO's Scores segment revenues grew by 60% year-over-year, driven by strong performance in both B2B and B2C scores.
- The FICO platform continues to show robust growth, with platform annual recurring revenue (ARR) growing 49% year-over-year.
- Non-platform revenues in the Software segment declined by 12%, indicating challenges in that area.
- Operating expenses increased by 4% quarter-over-quarter, driven by personnel expenses.
- The company faces potential competition from VantageScore, which is now available in the conforming mortgage market.
- There is uncertainty regarding the timing of the direct licensing program going live, pending FHFA approval.
- FICO's non-platform ARR declined by 8%, reflecting challenges in migrating customers to the platform.
Good day, and thank you for standing by. Welcome to the second quarter 2026 FICO earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Dave Singleton. Please go ahead, sir.
Good afternoon, and thank you for attending FICO's second quarter earnings call. I'm Dave Singleton, Vice President of Investor Relations, and I'm joined today by our CEO, Will Lansing; our CFO, Steve Weber. Today, we issued a press release that describes financial results compared to the prior year.
On this call, management will also discuss results in comparison with the prior quarter to facilitate understanding of the run rate of the business. Certain statements made in this presentation are forward-looking under the Private Securities Litigation Reform Act of 1995.
Those statements involve many risks and uncertainties that could cause actual results to differ
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