Strong Revenue Growth
FICO reported Q3 revenues of $536 million, up 20% over last year.
Significant Increase in Net Income
GAAP net income was $182 million, up 44% from the prior year, and GAAP earnings per share were $7.40, up 47% from the prior year.
Record-Breaking Free Cash Flow
FICO delivered record-breaking free cash flow of $276 million in Q3, a 34% increase from the prior year.
Successful Share Buybacks
FICO repurchased over $0.5 billion of shares this quarter, the largest single quarter buyback in FICO history.
Growth in Scores Segment
The Scores segment reported third quarter revenues of $324 million, up 34% versus the prior year, driven by B2B Scores.
Launch of New Products
FICO launched FICO Score 10 BNPL and FICO Score 10 T BNPL, the first credit scores to incorporate Buy Now, Pay Later data.
Partnership with Amazon Web Services
FICO signed a new strategic collaboration agreement with Amazon Web Services to bring AI-driven automated decision workflows to more organizations.