NYSE$FICO

Fair Isaac Corporation · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

FICO reported a strong start to fiscal year 2023 with increased revenue and earnings growth.

FICO announced its Q1 2023 results, with a revenue of $344.9 million compared to $322.4 million in the prior year. The company reported GAAP earnings per share of $3.84 and non-GAAP EPS of $4.26. Net income for the quarter totaled $97.6 million, and the company is reiterating its fiscal year 2023 guidance.

  • FICO's Q1 revenue increased to $344.9 million from $322.4 million in the prior year.
  • GAAP net income for the quarter was $97.6 million, or $3.84 per share.
  • Non-GAAP EPS for the quarter reached $4.26, compared to $3.70 in the prior year period.
  • The company is reiterating its fiscal 2023 revenue guidance of $1.463 billion and GAAP EPS of $16.00.

Headline financials

Total Revenue

$345M

Previous: $322M+7.0%
EPS (adj)

$4.26

Previous: $3.70+15.1%
Capital Expenditures

-$850K

Previous: -$895K+5.0%
Free Cash Flow

$96.8M

Previous: $84.1M+15.1%
Net Income

$97.6M

Previous: $85M+14.9%
Operating Income

$140M

Previous: $116M+21.4%
Gross Profit

$268M

Previous: $253M+6.0%
Cash & Equivalents

$140M

Previous: $162M-13.8%
Total Assets

$1.46B

Previous: $1.46B-0.3%
Stock-Based Comp

$29.7M

Previous: $29.9M-0.6%

Revenue & EPS history

FICO · Revenue · Quarterly

$345M

Q1 2023+7%vs Q1 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

FICO · $169M total across 1 segment · Q2 2021

  • Scores Revenues
    $169M

Forward guidance

The company is reiterating the following guidance for fiscal 2023:

Tailwinds

  • Revenues are expected to be $1.463 billion.
  • GAAP Net Income is projected to be $401 million.
  • GAAP EPS is estimated at $16.00.
  • Non-GAAP Net Income is guided to be $487 million.
  • Non-GAAP EPS is expected to be $19.42.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+1.6%

Avg return

Earnings day

+3.5%

Avg return

5 days after

+7.1%

Avg return

30 days after

65%

44 / 68 earnings

Positive

+29.1%

Q4 2022

Best reaction

-9.4%

Q1 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+7.1%+4.9%+23.8%
Q1 2026+1.3%-13.0%-7.6%
Q4 2025+2.8%+10.3%+10.4%
Q2 2025+1.4%+6.1%-12.0%
Q1 2025+2.1%+2.6%+1.3%
Q4 2024+8.3%+16.9%+18.0%
Q3 2024-0.6%-0.4%+8.9%
Q2 2024-6.9%-5.0%+16.1%
Q1 2024-6.2%-6.2%+0.5%
Q4 2023+2.6%+7.9%+20.9%
Q3 2023+3.1%+3.8%+8.1%
Q2 2023+1.9%+3.5%+10.8%
Q1 2023+2.7%+3.6%+3.6%
Q4 2022+29.1%+31.6%+36.6%
Q3 2022+2.8%+5.9%-4.9%
Q2 2022+4.3%+1.3%+11.3%
Q1 2022+18.2%+19.2%+13.4%
Q4 2021-6.4%-3.2%+0.9%
Q3 2021-4.7%-9.2%-10.3%
Q2 2021-2.6%-2.8%-3.3%
Q1 2021-4.0%-1.0%-2.5%
Q4 2020+9.6%+9.9%+17.7%
Q3 2020+5.5%+5.3%+2.2%
Q2 2020+8.6%+6.4%+23.9%
Q1 2020-1.7%+3.0%-8.1%
Q4 2019+7.2%+7.3%+17.1%
Q3 2019+2.8%-3.2%+0.8%
Q2 2019-3.2%+0.2%+6.3%
Q1 2019+5.0%+7.2%+17.3%
Q4 2018-1.4%-1.2%+3.1%
Q3 2018-1.4%-2.1%+9.4%
Q2 2018+5.8%+4.5%+8.7%
Q1 2018+4.4%+6.5%+8.2%
Q4 2017+1.9%+4.1%+8.5%
Q3 2017+0.3%-1.6%-2.5%
Q2 2017+1.4%+3.3%-0.0%
Q1 2017-2.0%+0.9%+6.7%
Q4 2016+1.1%+0.3%+5.6%
Q3 2016+7.8%+9.4%+7.9%
Q2 2016+1.1%
Q1 2016+16.5%
Q4 2015-6.5%
Q3 2015-0.0%
Q2 2015+2.0%
Q1 2015-9.4%
Q4 2014+15.0%
Q3 2014-7.2%
Q2 2014+5.6%
Q1 2014-3.7%
Q4 2013-1.0%
Q3 2013+0.3%
Q2 2013+0.6%
Q1 2013+1.6%
Q4 2012+1.4%
Q3 2012-9.3%
Q2 2012-1.1%
Q1 2012-8.2%
Q4 2011+0.3%
Q3 2011-2.0%
Q2 2011+0.2%
Q1 2010-2.5%
Q1 2011-1.0%
Q2 2010+0.9%
Q4 2008+0.9%
Q4 2010+0.9%
Q3 2010+2.2%
Q4 2009+2.2%
Q3 2009+2.2%

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