Why Is FAIR ISAAC CORP (FICO) Stock Down Today?

Fair Isaac Corporation shares fell 17.01% in the session to $1139.54 after the company issued downside guidance. The stock’s decline marked the worst day in over a year and drew attention from multiple financial news sources. The move came after the firm announced its third-quarter earnings and updated its fiscal 2026 revenue projection to $2.53 billion, while raising non-GAAP EPS guidance to $42.43.

What Happened

FICO reported Q3 FY2026 results on July 29, with $674 million in revenue and $370 million in free cash flow. The company also highlighted a surge in platform annual recurring revenue and ongoing buybacks. However, the stock dropped sharply following the earnings call, as investors reacted to the updated guidance and concerns over mortgage-related risks. The slide deck and earnings call transcript published by the company detailed these factors, which appear to have influenced the market’s negative reaction. An SEC 8-K filing on the same day disclosed the preliminary results and financial details.

What The Data Shows

FICO’s stock has traded between $870.01 and $1998.01 over the past 52 weeks. The stock has a market cap of $31.0B, a P/E ratio of 43.6, and revenue growth of 22.6% trailing twelve months. The stock’s beta of 1.29 indicates it is more volatile than the broader market. Recent congressional trades include three purchases by Donald J. Trump and one by Michael T. McCaul, all within the $15,001, $50,000 range. These transactions were disclosed in filings up to July 21. No significant social media activity was reported in the last 24 hours.

What To Watch

The stock’s sharp decline suggests investors are closely watching the company’s ability to navigate mortgage risks and deliver on its updated guidance. Coverage from multiple sources in the past 36 hours indicates the market is assessing the implications of FICO’s revised outlook.