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Fair Isaac Corp

FICOActive

CIK 814547 · Financial Data & Exchange Roll-Ups

N/A

Market data as of N/A

Financials: LTM / latest available company filings

Sources: FMP, FICO filings, SEC EDGAR

$26,113

Market cap ($MM)

$29,550

Enterprise value ($MM)

$2,256

Revenue · LTM ($MM)

$1,163

EBITDA · LTM ($MM)

52%

EBITDA margin

13.1x

EV / revenue

25.4x

EV / EBITDA

2.9x

Net debt / EBITDA

Coverage

Coverage view

The analytical read on the name and the balance-sheet capacity behind the program.

Key points

  1. 01FICO is a scaled public consolidator in Data & Exchanges, a benchmark for how the sub-sector buys, pays, and trades.
  2. 02The relevant peer set is ICE, MCO, SPGI, FDS, MSCI.

Balance sheet & capacity

Indicative capacity read: 2.9x net debt / EBITDA with EBITDA of $1.2B.

$219

Cash & equiv. ($MM)

$3,639

Total debt ($MM)

$3,420

Net debt ($MM)

2.9x

Net debt / EBITDA

Valuation

Where it trades against its peer set

FICO versus the scaled public Financial Data & Exchange Roll-Ups comparables.

Indexed share-price performance

FICO versus available Financial Data & Exchange Roll-Ups peers and SPY.

+149%

FICO

N/A

Peer med.

+79%

SPY

51727022May 21Nov 23May 26FICOpeer medianSPY

Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.

CompanyTickerRevenue ($MM)EBITDA ($MM)MarginMarket cap ($MM)EV ($MM)EV / revEV / EBITDANet debt / EBITDA
Fair Isaac CorpFICO$2,256$1,16352%$26,113$29,55013.1x25.4x2.9x

Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.

M&A program

A sustained, programmatic tuck-in cadence

FICO's disclosed acquisition footprint and the deals behind it.

Disclosed acquisitions

44

Active years

7

Named deals

5

Avg / active year

6.3

Acq. cash outflow ($MM)

N/A

Banker read

  • 01FICO reads as a programmatic acquirer: 44 disclosed acquisitions across 7 active years, or 6.3 per active year. The chart shows activity in 7 of the last 7 visible years.
  • 02In the last three years, the file shows 3 acquisitions versus 6 in the prior three; recent activity has cooled versus the prior three-year period.
  • 03Spend changes the read: $276MM of disclosed spend is concentrated in lumpy years, with FY12 the largest year at $124MM. Recent spend is below the prior three-year period.

Annual acquisitions + disclosed spend

count spend named deal
2 deals$124MM08121314151619

FICO count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.

Program diagnostics

Recent / prior

3 / 6

Last three years is down 50% vs prior three.

Peak count year

FY12

2 disclosed acquisitions in the peak visible year.

Recent spend

$78.6MM

is down 52% vs prior three; peak FY12 at $124MM.

Named evidence

5 rows

11% selected source-cited transaction coverage.

Selected transactions

DateTargetSegmentConsideration ($MM)Strategic rationaleSource
May 28, 2004London Bridge Software Holdings plcFinancial data and exchange rollups$310On April 26, 2004, our Board of Directors, together with the Board of Directors of London Bridge Software Holdings plc (“London Bridge”), a provider of intelligent business soft...10-K
Sep 7, 2012AdeptraFinancial data and exchange rollups$113On September 7, 2012, we acquired 100% of the common stock of Adeptra. The primary objective of the acquisition is to accelerate success in the fast-growing mobile economy by in...10-K
2014Adeptra Ltd.Financial data and exchange rollups$113In fiscal 2012, we acquired 100% of the common stock of Adeptra Ltd. ("Adeptra") for $113.0 million in cash. We recorded $36.7 million of intangible assets, which are being amor...10-K
Jan 12, 2015TONBELLER AktiengesellschaftFinancial data and exchange rollups$60On January 12, 2015, we acquired 100% of the equity of TONBELLER Aktiengesellschaft (“TONBELLER”). TONBELLER is an innovative provider of financial crime and compliance (“FCC”)...10-K
Oct 1, 2015TONBELLERFinancial data and exchange rollups$60In fiscal 2015, we acquired 100% of the equity of TONBELLER for $59.6 million in cash. We recorded $14.9 million of intangible assets, which are being amortized using the straig...10-K

Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 10 SEC-backed facts across 5 cited filings.

Evidence

Source archive

A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.

Annual 10-Ks

22

Named deal filings

5

Recent SEC filings

0

Evidence clips

5

Annual 10-K M&A evidenceAccepted annual filings used for disclosed acquisition count and spend.22 rows+
Fiscal yearFiling dateFormStatusCountCash spendPurchase considerationSource
FY2025Nov 7, 2025Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2024Nov 6, 2024Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2023Nov 8, 2023Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2022Nov 9, 2022Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2021Nov 10, 2021Annual M&A 10-Kquarantined (1 issue)0N/AN/ASEC filing
FY2020Nov 12, 2020Annual M&A 10-Kaccepted0N/AN/ASEC filing
FY2019Nov 8, 2019Annual M&A 10-Kaccepted1$15.9MM$18.6MMSEC filing
FY2018Nov 9, 2018Annual M&A 10-Kquarantined (1 issue)0N/AN/ASEC filing
FY2017Nov 9, 2017Annual M&A 10-Kaccepted0N/AN/ASEC filing
FY2016Nov 10, 2016Annual M&A 10-Kaccepted1$5.7MM$5.7MMSEC filing
FY2015Nov 10, 2015Annual M&A 10-Kaccepted1$57.0MM$59.6MMSEC filing
FY2014Nov 10, 2014Annual M&A 10-Kaccepted2$7.3MM$8.2MMSEC filing
FY2013Nov 12, 2013Annual M&A 10-Kquarantined (1 issue)2$32.9MM$34.0MMSEC filing
FY2012Nov 16, 2012Annual M&A 10-Kquarantined (1 issue)2$124MM$131MMSEC filing
FY2011Nov 18, 2011Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2010Nov 23, 2010Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2009Nov 24, 2009Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2008Nov 26, 2008Annual M&A 10-Kaccepted1$33.3MM$34.1MMSEC filing
FY2007Nov 28, 2007Annual M&A 10-KacceptedN/AN/AN/ASEC filing
FY2006Dec 8, 2006Annual M&A 10-Kaccepted1N/A$6.5MMSEC filing
FY2005Dec 14, 2005Annual M&A 10-Kaccepted1$41.3MM$6.5MMSEC filing
FY2004Dec 14, 2004Annual M&A 10-Kquarantined (1 issue)1$285MM$310MMSEC filing
Named transaction source filingsFilings behind selected named-deal rows and transaction excerpts.5 rows+
Filing dateFormTargets / topicsSupportSource
Nov 10, 201610-KTONBELLERAnnual M&ANamed dealsSEC filing
Nov 10, 201510-KTONBELLER AktiengesellschaftAnnual M&ANamed dealsSEC filing
Nov 10, 201410-KAdeptra Ltd.Annual M&ANamed dealsSEC filing
Nov 16, 201210-KAdeptraAnnual M&ANamed dealsSEC filing
Dec 14, 200510-KLondon Bridge Software Holdings plcAnnual M&ANamed dealsSEC filing
Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.0 rows+
No filing source clears this category.
Evidence clipsShort excerpts used on the page; expand only when you want the language.5 rows+

London Bridge Software Holdings plc

10-K - Dec 14, 2005

Medium

On April 26, 2004, our Board of Directors, together with the Board of Directors of London Bridge Software Holdings plc (“London Bridge”), a provider of intelligent business software, announced that...

Adeptra

10-K - Nov 16, 2012

Medium

On September 7, 2012, we acquired 100% of the common stock of Adeptra. The primary objective of the acquisition is to accelerate success in the fast-growing mobile economy by integrating our decisi...

Adeptra Ltd.

10-K - Nov 10, 2014

Medium

In fiscal 2012, we acquired 100% of the common stock of Adeptra Ltd. ("Adeptra") for $113.0 million in cash. We recorded $36.7 million of intangible assets, which are being amortized using the stra...

TONBELLER Aktiengesellschaft

10-K - Nov 10, 2015

Medium

On January 12, 2015, we acquired 100% of the equity of TONBELLER Aktiengesellschaft (“TONBELLER”). TONBELLER is an innovative provider of financial crime and compliance (“FCC”) solutions that suppo...

TONBELLER

10-K - Nov 10, 2016

Medium

In fiscal 2015, we acquired 100% of the equity of TONBELLER for $59.6 million in cash. We recorded $14.9 million of intangible assets, which are being amortized using the straight-line method over ...

Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.

Prepared from SEC EDGAR public filingsFICO · CIK 814547Source-backed coverage research, not investment advice