Q1 FY2026 showed strong momentum with total revenue increasing 16% year-over-year to $512 million, primarily driven by the Scores business which grew 29% to $305 million. FICO was recognized by Gartner as a leader in the January 2026 Gartner Magic Quadrant for Decision Intelligence Platforms, positioned highest for ability to execute, demonstrating continued competitive strength and market leadership.
Cyborg Score Rationale
FICO demonstrates competitive advantage with a favorable moat and ROIC significantly above WACC by 44.2%, with favorable gross, EBIT, and net margins alongside robust revenue and earnings growth. Strong growth momentum and market recognition are offset by premium valuation concerns.
Top Insights
FICO announced partnership with Plaid to deliver next-generation UltraFICO Score combining reliability with real-time cash flow data, scheduled to launch in H1 2026
FICO Score 10T identifies 18% more defaulters while increasing approval volume by 5%, demonstrating enhanced predictive power and market acceptance
Platform Annual Recurring Revenue (ARR) demonstrated robust growth driven by increased customer adoption, with trailing twelve-month bookings increasing from $88 million to $119 million
Growth is driven by FICO platform's software SaaS expansion, strong performance in the Scores segment, and advances in AI-powered analytics
Named Competitors
Salesforce — CRM and enterprise analytics platform
Databricks — AI and data analytics platform
Microsoft Azure — Cloud and analytics solutions
Cognizant — IT services and analytics
Recent Developments
(January 2026) FICO recognized as Leader in 2026 Gartner Magic Quadrant for Decision Intelligence Platforms
(January 2026) Q1 FY2026 results exceeded expectations with 16% revenue growth and 22% non-GAAP net income growth
(December 2025) FICO targets 18% revenue growth in 2026 and exceeded fiscal 2025 guidance on all metrics with record free cash flow
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