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Fair Isaac Corp. (NYSE:FICO)

This company has been moved to the archive! The financial data has not been updated since July 30, 2025.

Common-Size Income Statement
Quarterly Data

Fair Isaac Corp., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018
On-premises and SaaS software 35.03 36.86 42.28 40.04 41.04 40.84 44.15 43.36 43.16 40.65 41.92 42.09 40.85 41.74 39.19 40.54 38.51 37.89 40.48 46.65 44.18 42.78 46.77 46.32 49.29 44.63 52.04
Professional services 4.51 3.58 4.16 5.05 5.05 4.55 5.57 6.47 6.23 7.15 6.47 8.00 7.76 6.82 8.23 9.07 10.57 11.19 13.22 12.56 13.89 15.29 14.66 15.71 14.07 17.85 15.29
Scores 60.46 59.56 53.57 54.91 53.91 54.61 50.28 50.18 50.61 52.20 51.61 49.91 51.40 51.44 52.58 50.38 50.92 50.92 46.30 40.79 41.93 41.94 38.57 37.97 36.64 37.52 32.67
Revenues 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of revenues -16.33 -17.57 -19.85 -19.74 -19.70 -20.04 -21.85 -21.25 -18.02 -20.99 -22.20 -23.65 -22.55 -20.10 -21.47 -21.63 -24.32 -26.66 -28.66 -25.02 -28.23 -28.62 -30.40 -28.82 -27.75 -30.75 -29.00
Gross profit 83.67% 82.43% 80.15% 80.26% 80.30% 79.96% 78.15% 78.75% 81.98% 79.01% 77.80% 76.35% 77.45% 79.90% 78.53% 78.37% 75.68% 73.34% 71.34% 74.98% 71.77% 71.38% 69.60% 71.18% 72.25% 69.25% 71.00%
Research and development -8.80 -9.03 -10.26 -9.74 -9.87 -9.42 -11.16 -10.67 -10.40 -10.59 -10.62 -10.18 -10.28 -10.19 -12.09 -12.30 -13.55 -13.16 -13.01 -12.48 -13.20 -12.81 -13.05 -12.90 -11.77 -13.54 -13.51
Selling, general and administrative -25.93 -24.15 -29.08 -27.05 -27.88 -25.56 -27.31 -25.49 -27.11 -26.34 -26.97 -27.57 -26.72 -26.99 -30.42 -29.10 -31.86 -29.36 -30.06 -28.21 -31.82 -33.60 -37.53 -34.71 -32.75 -37.71 -38.23
Amortization of intangible assets 0.00 0.00 0.00 -0.02 -0.06 -0.06 -0.07 -0.07 -0.07 -0.07 -0.08 -0.13 -0.15 -0.15 -0.17 -0.17 -0.24 -0.29 -0.30 -0.25 -0.33 -0.39 -0.60 -0.55 -0.46 -0.54 -0.57
Restructuring charges 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -2.38 0.00 0.00 0.00 -11.20 0.00 0.00 -1.04 0.00 0.00 0.00 0.00
Gain on product line asset sale 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.56 0.00 0.00 0.00 0.00 0.00 27.44 0.00 2.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating income 48.94% 49.25% 40.80% 43.45% 42.48% 44.91% 39.62% 42.52% 44.40% 42.01% 40.69% 38.47% 40.29% 42.57% 35.86% 34.43% 57.48% 30.54% 30.32% 22.84% 26.41% 24.59% 17.38% 23.02% 27.27% 17.45% 18.69%
Interest expense, net -6.13 -6.29 -6.70 -6.28 -6.00 -6.01 -6.32 -6.24 -6.16 -6.28 -6.61 -5.98 -5.36 -4.82 -3.78 -3.14 -2.96 -3.00 -3.09 -2.65 -3.58 -3.65 -3.27 -3.26 -3.22 -3.60 -3.69
Other income (expense), net 1.37 -0.25 0.02 0.60 0.88 0.92 0.89 -0.24 1.33 0.42 0.11 -0.06 -0.29 -0.66 0.44 0.23 1.04 0.17 0.92 0.23 1.45 -0.65 -0.07 0.18 0.78 0.52 -0.83
Income before income taxes 44.18% 42.71% 34.12% 37.77% 37.36% 39.82% 34.18% 36.04% 39.58% 36.15% 34.19% 32.43% 34.64% 37.09% 32.52% 31.52% 55.56% 27.71% 28.15% 20.42% 24.29% 20.28% 14.03% 19.94% 24.84% 14.37% 14.17%
(Provision for) benefit from income taxes -10.29 -10.11 0.55 -7.86 -9.17 -9.90 -2.49 -10.02 -7.28 -9.45 -5.87 -6.43 -7.85 -7.87 -6.16 -5.90 -10.85 -6.99 -0.47 -4.62 -3.87 -1.36 4.36 -2.06 -4.42 -2.37 1.09
Net income 33.89% 32.61% 34.67% 29.90% 28.19% 29.92% 31.69% 26.02% 32.30% 26.70% 28.31% 26.01% 26.79% 29.22% 26.36% 25.62% 44.71% 20.72% 27.69% 15.79% 20.42% 18.93% 18.40% 17.88% 20.41% 12.00% 15.25%

Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-K (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31).

A comprehensive analysis of the common-size income statement reveals a strategic shift in revenue composition and a consistent expansion of profit margins over the observed period. The most prominent trend is the transition toward a higher-margin business model, characterized by the growth of the Scores segment and the reduction of professional services and software licenses as a percentage of total revenue.

Revenue Mix Evolution
The revenue structure has undergone a significant transformation. The Scores segment, which accounted for 32.67% of revenues in December 2018, has grown to represent 60.46% by June 2025. Conversely, On-premises and SaaS software revenue declined from a peak of 52.04% to 35.03% over the same period. Professional services witnessed the most sharp decline, falling from 15.29% in December 2018 to 4.51% by June 2025, indicating a move away from labor-intensive service delivery toward scalable, high-margin products.
Gross Profitability and Cost Management
Gross profit margins have exhibited a steady upward trajectory, rising from 71.00% in December 2018 to 83.67% in June 2025. This expansion is directly correlated with the reduction in the cost of revenues, which decreased from 29.00% to 16.33%. The alignment of revenue growth with the higher-margin Scores segment has effectively lowered the overall cost basis relative to total sales.
Operating Expense Trends
Operating expenses as a percentage of revenue have generally decreased, contributing to significant operating leverage. Research and development expenses declined from 13.51% to 8.80%, while selling, general, and administrative expenses dropped from 38.23% to 25.93%. These reductions suggest improved operational efficiency and the ability to scale the business without a proportional increase in overhead costs.
Operating and Net Income Performance
Operating income margins have expanded substantially, moving from 18.69% in December 2018 to 48.94% in June 2025. A notable anomaly occurred in June 2021, where operating income spiked to 57.48% due to a one-time gain on a product line asset sale of 27.44%. Net income margins followed a similar positive trend, increasing from 15.25% to 33.89%, reflecting the combined impact of higher gross margins and disciplined operating expense management.
Financial Costs and Taxation
Interest expense as a percentage of revenue has trended upward, increasing from 3.69% in December 2018 to 6.13% in June 2025, suggesting an increase in debt obligations or financing costs relative to revenue growth. Tax provisions have remained volatile but generally represent a significant deduction from pre-tax income, typically ranging between 6% and 10% of revenues in recent quarters.

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