Q1 2026 Fair Isaac Corp Earnings Call Transcript
Key Points
- Fair Isaac Corp (FICO) reported Q1 revenues of $512 million, up 16% over the previous year.
- The company achieved a 29% increase in Scores segment revenues, driven by strong growth in both B2B and B2C scores.
- FICO's non-GAAP net income increased by 22%, with non-GAAP earnings per share up 27% from the prior year.
- The company delivered $165 million in free cash flow for the quarter, contributing to a 7% year-over-year increase in free cash flow over the last four quarters.
- FICO's software ACV bookings reached a record $38 million for the quarter, indicating strong demand for its platform solutions.
- The Software segment saw only a 2% increase in revenues, with a 13% decline in non-platform revenue.
- There is uncertainty regarding the timeline for the general availability of FICO Score 10 T in the conforming market.
- The company maintained its fiscal 2026 guidance despite a strong quarter, citing macroeconomic uncertainties.
- Operating expenses grew 4% quarter-over-quarter, driven primarily by personnel expenses.
- The effective tax rate for the quarter was 17.5%, with an operating tax rate of 25.7%, indicating a significant tax burden.
Good day, and thank you for standing by. Welcome to the first-quarter 2026 FICO earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand it over to your first speaker today, Dave Singleton. Please go ahead.
Good afternoon and thank you for attending FICO's first-quarter earnings call. I'm Dave Singleton, Vice President of Investor Relations, and I'm joined today by our CEO, Will Lansing; and 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 to the prior quarter to facilitate an 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 materially. Information
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