FICO Announces New Stock Repurchase Program and Accelerated Share Repurchase Agreement

Details

The new program allows FICO to repurchase up to $2.0 billion of its outstanding common stock, including an accelerated share repurchase (ASR) agreement with Wells Fargo Securities, Inc. for $1.5 billion of its common stock. The ASR involves an upfront payment of $1.5 billion by FICO on June 8, 2026, with an initial delivery of approximately 1,055,100 shares. The final number of shares to be repurchased will be based on the volume-weighted average price of FICO's common stock during the term of the ASR agreement, less a discount and subject to customary adjustments. The transactions under the ASR are expected to be completed by September 30, 2026.

Items reported

About Fair Isaac Corporation

Fair Isaac Corporation is a pioneering analytics company known for its Fair Isaac Credit Organization score, commonly referred to as the FICO score. This score plays an essential role in the financial services industry by assessing consumer credit risk, impacting sectors such as banking, insurance, and retail. The FICO score aids financial institutions in making informed lending decisions by quantifying a borrower's creditworthiness. Beyond credit scoring, Fair Isaac Corporation offers a range of data analytics, decision management and predictive analytics solutions designed to enhance business performance. Serving a global clientele, the company's tools are instrumental in reducing credit losses and fraud while optimizing customer interactions. Founded in 1956 with headquarters in Bozeman, Montana, Fair Isaac Corporation continues to hold significant market influence as it bridges the gap between data analytics and business decision-making processes.