Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Fair Isaac Corp., consolidated statement of comprehensive income
US$ in thousands
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30).
Comprehensive income exhibits a strong upward trajectory over the six-year period from 2019 to 2024, driven primarily by consistent growth in net income. While operational profitability has expanded steadily, the total comprehensive income has been subject to periodic volatility due to foreign currency translation adjustments.
- Net Income Growth Trends
- Net income demonstrates a substantial increase from 192.1 million USD in 2019 to 512.8 million USD in 2024. The most significant acceleration occurred between 2020 and 2021, where net income grew by approximately 66%. A marginal contraction was noted in 2022, followed by a recovery and continued expansion through 2024, indicating a robust long-term growth pattern in core profitability.
- Foreign Currency Translation and Other Comprehensive Income
- Other comprehensive income is characterized by significant volatility, fluctuating between gains and losses. A notable deficit of 48.8 million USD was recorded in 2022, representing the largest single-year negative adjustment in the analyzed period. This volatility suggests a sensitivity to currency fluctuations that periodically offset operational gains, although the adjustments returned to positive territory in 2023 and 2024.
- Comprehensive Income Performance
- Comprehensive income mirrors the growth of net income but incorporates the impact of non-operational adjustments. Total comprehensive income rose from 178.5 million USD in 2019 to 523.3 million USD in 2024. The 2022 fiscal year highlights a distinct divergence where comprehensive income fell to 324.7 million USD despite relatively stable net income, a result directly attributable to the substantial foreign currency translation loss recorded that year.
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