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Fair Isaac Corporation

Q2 FY26Software

Fair Isaac Corporation Q2 FY26 Results — Earnings Call Analysis

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹1,296

Market cap₹30.1K Cr

P/E40.0

Updated29 May 2026

Read4 min read

What the Q2 FY26 call signalled

2 of 3 strong

RevenueGood growth

MarginMargins steady

Order bookOrder book rising

The short version

- Q2 FY26 revenues rose 39% YoY to $692 million, with strong momentum expected to continue. - Full-year FY 2026 revenue guidance raised to $2.45 billion, a 23% increase year-over-year.

From Fair Isaac Corporation's Q2 FY26 earnings-call transcript · updated 29 May 2026.

Revenue & Sales Performance

Good growth

Q2 FY26 revenues rose 39% YoY to $692 million, with strong momentum expected to continue.
Scores segment, up 60% YoY, driven mainly by mortgage origination score price and volume growth; conservative volume guidance with no anticipated share loss.
Software segment ARR grew 10% YoY, with platform ARR up 49%, driven by land and expand strategy; non-platform declined due to migrations and usage drops.
Software ACV bookings up 36% YoY, with expectations of stronger bookings in H2 2026.
Mortgage origination volumes notably strong, supported by rate environment and bureau data, with 127% growth in mortgage revenues this quarter.
Platform adoption and expansion in financial services remain the primary growth drivers; minimal growth impact from outside financial verticals currently.

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Profitability & Margins

Full-year FY 2026 revenue guidance raised to $2.45 billion, a 23% increase year-over-year.
GAAP net income guidance increased to $825 million, a 27% rise from prior year.
GAAP earnings per share (EPS) guidance raised to $35.60, up 34%.
Non-GAAP net income guidance now $946 million, a 29% growth.
Non-GAAP EPS guidance increased to $40.45, a 35% increase.
Non-GAAP operating margin expansion of 712 basis points year-over-year to 65% for Q2.
Operating expenses expected to trend modestly upward, mainly due to personnel and marketing for FICO World and Scores business.

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Capital Expenditure Plans

Incremental expenses include investments in new scores and marketing, particularly for the Scores business.
Incremental personnel expenses and marketing spend expected related to FICO World conference and Scores business growth.
Software segment growth, especially platform bookings, indicates ongoing investment in platform development and customer expansion.
Investments focus primarily within financial services, driven by land-and-expand strategy with existing customers.
No material change or significant new capital expenditures explicitly detailed; expenses trending modestly upward from Q2 run rate, mainly personnel and marketing.
Innovation investments continue but are described as not large relative to overall expenses.

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Fundraising & Capital Structure

As of March 31, 2026, FICO had $272 million in cash and marketable investments.
Total debt stood at $3.64 billion with a weighted average interest rate of 5.5%.
In March, FICO issued $1 billion in senior notes due 2034 and used part of the proceeds to redeem $400 million in senior notes due in May.
There is a $265 million balance on the revolving line of credit, which is repayable at any time.
No explicit mention of new fundraising plans through debt or equity was made in the provided transcript.

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Order Book & Pipeline

Order book rising

Software segment ACV (Annual Contract Value) bookings for the quarter were $28 million.
Trailing 12-month ACV bookings reached $126 million, a 36% increase year-over-year.
Strong pipeline expected to drive bookings in the second half of the year to exceed first half.
Platform ARR (Annual Recurring Revenue) was $349 million (44% of total ARR), growing 49% year-over-year.
Non-platform ARR declined 8% to $440 million due to migrations, end-of-life products, and usage declines.
Platform growth driven by new customer wins and expanded use cases.
Software segment revenues up 7% year-over-year to $217 million.

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Frequently Asked Questions

What were Fair Isaac Corporation Q2 FY26 results?

- Q2 FY26 revenues rose 39% YoY to $692 million, with strong momentum expected to continue. - Full-year FY 2026 revenue guidance raised to $2.45 billion, a 23% increase year-over-year.

What is Fair Isaac Corporation share price analysis?

Fair Isaac Corporation currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 40.0 with a market cap of $30,064. Investors should review the full earnings analysis for detailed insights.

Is Fair Isaac Corporation planning capital expenditure?

- Incremental expenses include investments in new scores and marketing, particularly for the Scores business.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.