FICO is the company behind the FICO Score, the standard credit score used by lenders to decide who gets loans and at what rates. Think of it as the referee of consumer creditworthiness.
FICO makes most of its money from its Scores segment, which charges lenders per score and consumers for myFICO subscriptions. This is high-margin, recurring revenue, with gross margins around 85% and net margins around 34%.
Lenders rely on FICO's score as an industry standard, making it hard for competitors like VantageScore (backed by Equifax, Experian, and TransUnion) to displace. However, the moat is eroding as VantageScore gains adoption and regulatory pressure pushes for alt
Key events, in time order
After results, company raised full-year outlook and highlighted 62% platform ARR growth.
Company announces FICO Score 10T adoption surpasses 70 mortgage lenders, reflecting growing demand.
FICO recognizes Tech Mahindra for bold solution tackling India's e-commerce returns crisis.
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