Bozeman-based Fair Isaac Corporation — best known by its FICO credit-scoring brand — has had a rough run on Wall Street in 2026, even as its underlying business keeps beating expectations.

What this means for you
Montana:Fair Isaac is one of Montana's largest publicly traded companies and a significant Bozeman employer. Its stock performance and financial health directly affect the Gallatin Valley business community, including employees with equity compensation and local vendors tied to its operations.
Gallatin County:FICO's corporate headquarters is in Bozeman, making Gallatin County home to the executive, engineering, and operations functions of a $28.8 billion market-cap company — a concentration of high-wage employment unusual for a Montana county.
Bozeman:FICO relocated its headquarters to Bozeman from San Jose in 2022; the company's financial trajectory and headcount decisions have a direct bearing on the local commercial real estate, labor, and tech-sector ecosystem.
Watch next:Fair Isaac's fiscal year ends in September 2026; the next quarterly earnings report will be the first test of whether the company's full-year guidance of $2.45 billion in revenue and $40.45 EPS holds.

Shares have fallen roughly 25.5% year-to-date through late May, compared with a 9.8% gain in the S&P 500 and a 28.6% surge in the State Street Technology Select Sector SPDR ETF (XLK), the company's closest industry benchmark. Over the past twelve months, the stock is down 25.6% against a 29.6% rise in the S&P 500, according to analysis published by Barchart.com.

The decline comes despite what the company's most recent quarterly report would appear to warrant. On Apr. 29, FICO shares rose 3.3% in a single session after the company released its fiscal second-quarter 2026 results. Revenue for the quarter hit $691.7 million — a 38.7% increase over the same period a year earlier and above Wall Street's consensus estimate. Adjusted earnings per share came in at $12.50, also ahead of analyst forecasts.

Fair Isaac carries a market capitalization of $28.8 billion. The company serves commercial clients through its B2B scoring and analytics products and consumers directly through its myFICO.com subscription platform.

Management has guided for full-year fiscal 2026 earnings of $40.45 per share on revenue of $2.45 billion. Analysts covering the stock expect EPS to rise 51.5% year over year to $37.99 for the fiscal year ending in September, per Barchart. The company has beaten analyst consensus estimates in three of the past four quarters and missed once.

Wall Street's read on the stock remains cautiously positive. Among 20 analysts covering Fair Isaac, the consensus rating is "Moderate Buy," comprising 11 "Strong Buy" ratings, three "Moderate Buys," five "Holds," and one "Strong Sell" — a configuration unchanged over the past month, according to Barchart.

On May 23, Deutsche Bank analyst Faiza Alwy reiterated a "Buy" rating on the stock and set a price target of $1,658. The analyst consensus mean target of $1,538.06 represents a roughly 22.1% premium to recent trading prices. The Street-high target stands at $2,400, implying approximately 90.5% upside from current levels.

Fair Isaac was founded in 1956 and relocated its corporate headquarters to Bozeman from San Jose in 2022.