FICO

In the past six months, FICO's stock price declined by 37.75% and by 60.93% over the past year. Key events include the Federal Housing Finance Agency (FHFA) announcing a shift to a single mortgage-pricing grid that includes both FICO and VantageScore in September 2026, threatening FICO's pricing power. Increased competition intensified with Rocket Mortgage shifting to VantageScore 4.0 and TransUnion extending promotional pricing for VantageScore 4.0 through 2028. FICO shares experienced a significant plunge, including a 26% single-day drop on September 29, 2026. In October 2026, FICO announced a plan to reduce its workforce by approximately 15% (around 570 positions) to simplify operations and integrate AI, expecting $27 million in pre-tax severance charges. The company authorized a new $1.5 billion share repurchase program in March 2026, following a previous $1 billion program. Despite these challenges, FICO reported strong fiscal third-quarter 2026 results, with revenue up 26% year-over-year to $674.2 million and adjusted EPS of $12.18, beating analyst estimates, driven by a 41% increase in Scores revenue due to higher mortgage origination scores unit price.