0000814547-24-000016 | 10-Q | XBRL Viewer

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2024	Sep. 30, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	88,857,000	88,857,000
Common stock, shares outstanding	24,753,000	24,770,000
Treasury stock, shares	64,104,000	64,087,000

Revenue from Contract with Customer

6 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer

Revenue from Contracts with Customers

Disaggregation of Revenue

The following tables provide information about disaggregated revenue by primary geographical market:


	Quarter Ended March 31, 2024
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	233,723	$	130,294	$	364,017	84	%
Europe, Middle East and Africa	1,278		40,979		42,257		10	%
Asia Pacific	1,884		25,651		27,535		6	%
Total	$	236,885	$	196,924	$	433,809	100	%


	Quarter Ended March 31, 2023
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	197,039	$	121,264	$	318,303	84	%
Europe, Middle East and Africa	1,154		40,199		41,353		11	%
Asia Pacific	314		20,296		20,610		5	%
Total	$	198,507	$	181,759	$	380,266	100	%


	Six Months Ended March 31, 2024
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	418,671	$	263,856	$	682,527	84	%
Europe, Middle East and Africa	2,586		76,039		78,625		9	%
Asia Pacific	7,740		46,976		54,716		7	%
Total	$	428,997	$	386,871	$	815,868	100	%

	Six Months Ended March 31, 2023
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	370,336	$	239,094	$	609,430	84	%
Europe, Middle East and Africa	2,502		71,191		73,693		10	%
Asia Pacific	3,657		38,356		42,013		6	%
Total	$	376,495	$	348,641	$	725,136	100	%

The following table provides information about disaggregated revenue for our Software segment by deployment method:


	Quarter Ended March 31,				Percentage of revenues				Six Months Ended March 31,				Percentage of revenues
	2024		2023		2024		2023		2024		2023		2024		2023
	(Dollars in thousands)
On-premises software	$	79,697	$	73,473	45	%	48	%	$	152,169	$	138,395	44	%	46	%
SaaS software	97,483		81,111		55	%	52	%	193,679		160,749		56	%	54	%
Total on-premises and SaaS software	$	177,180	$	154,584	100	%	100	%	$	345,848	$	299,144	100	%	100	%

The following table provides information about disaggregated revenue for our Software segment by product features:


	Quarter Ended March 31,				Percentage of revenues				Six Months Ended March 31,				Percentage of revenues
	2024		2023		2024		2023		2024		2023		2024		2023
	(Dollars in thousands)
Platform software	$	47,325	$	38,682	27	%	25	%	$	92,498	$	69,510	27	%	23	%
Non-platform software	129,855		115,902		73	%	75	%	253,350		229,634		73	%	77	%
Total on-premises and SaaS software	$	177,180	$	154,584	100	%	100	%	$	345,848	$	299,144	100	%	100	%

The following table provides information about disaggregated revenue for our Software segment by timing of revenue recognition:


	Quarter Ended March 31,				Percentage of revenues				Six Months Ended March 31,				Percentage of revenues
	2024		2023		2024		2023		2024		2023		2024		2023
	(Dollars in thousands)
Software recognized at a point in time (1)	$	20,177	$	19,193	11	%	12	%	$	33,959	$	30,996	10	%	10	%
Software recognized over contract term (2)	157,003		135,391		89	%	88	%	311,889		268,148		90	%	90	%
Total on-premises and SaaS software	$	177,180	$	154,584	100	%	100	%	$	345,848	$	299,144	100	%	100	%

(1)Includes license portion of our on-premises subscription software and perpetual license, both of which are recognized when the software is made available to the customer, or at the start of the subscription.

(2)Includes maintenance portion and usage-based fees of our on-premises subscription software, maintenance revenue on perpetual licenses, as well as SaaS revenue.

The following table provides information about disaggregated revenue for our Scores segment by distribution method:


	Quarter Ended March 31,				Percentage of revenues				Six Months Ended March 31,				Percentage of revenues
	2024		2023		2024		2023		2024		2023		2024		2023
	(Dollars in thousands)
Business-to-business Scores	$	185,508	$	144,874	78	%	73	%	$	325,950	$	269,779	76	%	72	%
Business-to-consumer Scores	51,377		53,633		22	%	27	%	103,047		106,716		24	%	28	%
Total	$	236,885	$	198,507	100	%	100	%	$	428,997	$	376,495	100	%	100	%

We derive a substantial portion of revenues from our contracts with the three major consumer reporting agencies, TransUnion, Equifax and Experian. Revenues collectively generated by agreements with these customers accounted for 47% and 43% of our total revenues in the quarters ended March 31, 2024 and 2023, respectively, with all three consumer reporting agencies each contributing more than 10% of our total revenues in each of the quarters ended March 31, 2024 and 2023. Revenues collectively generated by agreements with these customers accounted for 43% and 40% of our total revenues in the six months ended March 31, 2024 and 2023, respectively, with three and two consumer reporting agencies each contributing more than 10% of our total revenues in the six months ended March 31, 2024 and 2023, respectively. At March 31, 2024 and September 30, 2023, two and one individual customers each accounted for 10% or more of total consolidated receivables, respectively.

Contract Balances

We record a receivable when we satisfy a performance obligation prior to invoicing if only the passage of time is required before payment is due or if we have an unconditional right to consideration before we satisfy a performance obligation. We record a contract asset when we satisfy a performance obligation prior to invoicing but our right to consideration is conditional. We record deferred revenue when the payment is made or due before we satisfy a performance obligation.

Receivables at March 31, 2024 and September 30, 2023 consisted of the following:


	March 31, 2024		September 30, 2023
	(In thousands)
Billed	$	300,179	$	234,745
Unbilled	213,023		203,896
	513,202		438,641
Less: allowance for doubtful accounts	(5,806)		(4,978)
Net receivables	507,396		433,663
Less: long-term receivables (*)	(38,371)		(45,716)
Short-term receivables (*)	$	469,025	$	387,947

(*) Short-term receivables and long-term receivables were recorded in accounts receivable, net and other assets, respectively, within the accompanying condensed consolidated balance sheets.

Deferred revenue primarily relates to our maintenance and SaaS contracts billed annually in advance and generally recognized ratably over the term of the service period. Significant changes in the deferred revenues balances are as follows:


	Six Months Ended March 31, 2024
	(In thousands)
Deferred revenues, beginning balance (*)	$	143,235
Revenue recognized that was included in the deferred revenues balance at the beginning of the period	(102,063)
Increases due to billings, excluding amounts recognized as revenue during the period	108,904
Deferred revenues, ending balance (*)	$	150,076

(*) Deferred revenues at March 31, 2024 included current portion of $143.6 million and long-term portion of $6.5 million that were recorded in deferred revenue and other liabilities, respectively, within the condensed consolidated balance sheets. Deferred revenues at September 30, 2023 included current portion of $136.7 million and long-term portion of $6.5 million that were recorded in deferred revenue and other liabilities, respectively, within the condensed consolidated balance sheets.

Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 30 to 60 days. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined our contracts generally do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with simplified and predictable ways of purchasing our products and services, not to provide customers with financing or to receive financing from our customers. Examples include multi-year on-premises licenses that are invoiced annually with revenue recognized upfront and invoicing at the beginning of a subscription term with revenue recognized ratably over the contract period.

Performance Obligations

Revenue allocated to remaining performance obligations represents contracted revenue that will be recognized in future periods, which is comprised of deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. This does not include:

•Usage-based revenue that will be recognized in future periods from on-premises software subscriptions;

•Consumption-based variable fees from SaaS software that will be recognized in the distinct service period during which it is earned; and

•Revenue from variable considerations that will be recognized in accordance with the “right-to-invoice” practical expedient, such as fees from our professional services billed based on a time and materials basis.

Revenue allocated to remaining performance obligations was $481.7 million as of March 31, 2024, approximately 50% of which we expect to recognize over the next 16 months and the remainder thereafter. Revenue allocated to remaining performance obligations was $470.5 million as of September 30, 2023.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income	$ 129,799	$ 101,550	$ 250,864	$ 199,193

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Earnings per Share (Tables)

6 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share

The following table presents reconciliations for the numerators and denominators of basic and diluted earnings per share (“EPS”) for the quarters and six-month periods ended March 31, 2024 and 2023:


	Quarter Ended March 31,				Six Months Ended March 31,
	2024		2023		2024		2023
	(In thousands, except per share data)
Numerator for diluted and basic earnings per share:
Net income	$	129,799	$	101,550	$	250,864	$	199,193
Denominator — share:
Basic weighted-average shares	24,819		25,116		24,791		25,080
Effect of dilutive securities	335		303		395		351
Diluted weighted-average shares	25,154		25,419		25,186		25,431
Earnings per share:
Basic	$	5.23	$	4.04	$	10.12	$	7.94
Diluted	$	5.16	$	4.00	$	9.96	$	7.83

Derivative Financial Instruments - Gains (Losses) on Derivative Financial Instruments Recorded in Consolidated Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Foreign currency forward contracts
Derivative [Line Items]
Gains (losses) on foreign currency forward contracts	$ (180)	$ 309	$ 361	$ 1,613

Derivative Financial Instruments - Additional Information (Detail) - USD ($)	6 Months Ended
	Mar. 31, 2024	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Short-term forward contracts, average maturities at inception (less than)	3 months
Foreign currency forward contracts
Derivative [Line Items]
Forward foreign currency contracts fair value	$ 0	$ 0

Revolving Line of Credit (Detail)	Oct. 20, 2021 USD ($)	May 08, 2018 USD ($)	Mar. 31, 2024 USD ($)
Line of Credit Facility [Line Items]
Revolving credit facility, expiration date		Aug. 19, 2026
Credit facility restrictive covenant, maximum consolidated leverage ratio		3.5
Credit facility restrictive covenant, maximum consolidated leverage ratio step up		4.0
Interest coverage ratio		3.0
Revolving Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Unsecured revolving line of credit		$ 600,000,000
Borrowings outstanding			$ 488,000,000
Interest rate of borrowings outstanding			6.673%
Revolving Credit Facility \| Loans Payable
Line of Credit Facility [Line Items]
Initial Term Loan to Bank	$ 300,000,000
Line of Credit Facility, Periodic Payment	$ 3,750,000
Interest rate of borrowings outstanding			6.674%
Loans Payable to Bank			$ 266,300,000
Base Rate \| Minimum
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate		0.00%
Base Rate \| Maximum
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate		0.75%
SOFR \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate		1.00%
SOFR \| Minimum
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate		1.00%
SOFR \| Maximum
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate		1.75%
Fed Funds Effective Rate \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate		0.50%

Contingencies	6 Months Ended
Contingencies	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	ContingenciesWe are in disputes with certain customers regarding amounts owed in connection with the sale of certain of our products and services. We also have had claims asserted by former employees relating to compensation and other employment matters. We are also involved in various other claims and legal actions arising in the ordinary course of business. We record litigation accruals for legal matters which are both probable and estimable. For legal proceedings for which there is a reasonable possibility of loss (meaning those losses for which the likelihood is more than remote but less than probable), we have determined

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Total revenues	$ 433,809	$ 380,266	$ 815,868	$ 725,136
Operating expenses:
Cost of revenues	86,946	79,806	170,407	156,375
Research and development	40,880	40,266	83,515	76,899
Selling, general and administrative	110,867	100,158	215,196	193,153
Amortization of intangible assets	275	275	550	550
Gain on product line asset sale	0	0	0	(1,941)
Total operating expenses	238,968	220,505	469,668	425,036
Operating income	194,841	159,761	346,200	300,100
Interest expense, net	(26,093)	(23,897)	(50,255)	(46,697)
Other income, net	3,986	1,605	7,379	1,969
Income before income taxes	172,734	137,469	303,324	255,372
Provision for income taxes	42,935	35,919	52,460	56,179
Net income	129,799	101,550	250,864	199,193
Other comprehensive income (loss):
Foreign currency translation adjustments	(4,157)	6,552	4,546	24,933
Comprehensive income	$ 125,642	$ 108,102	$ 255,410	$ 224,126
Earnings per share:
Basic (in dollars per share)	$ 5.23	$ 4.04	$ 10.12	$ 7.94
Diluted (in dollars per share)	$ 5.16	$ 4.00	$ 9.96	$ 7.83
Shares used in computing earnings per share:
Basic (in shares)	24,819	25,116	24,791	25,080
Diluted (in shares)	25,154	25,419	25,186	25,431
On-premises and SaaS software
Total revenues	$ 177,180	$ 154,584	$ 345,848	$ 299,144
Professional services
Total revenues	19,744	27,175	41,023	49,497
Scores
Total revenues	$ 236,885	$ 198,507	$ 428,997	$ 376,495

Senior Notes (Details) - Senior Notes - USD ($)	Dec. 17, 2021	Dec. 06, 2019	May 08, 2018	Mar. 31, 2024	Sep. 30, 2023
Debt Instrument [Line Items]
Long-Term Debt, Fair Value				$ 1,232,000,000	$ 1,189,250,000
Carrying value of Senior Notes				1,300,000,000	1,300,000,000
May 2018 Senior Notes
Debt Instrument [Line Items]
Senior Notes issued in a private placement to a group of institutional investors			$ 400,000,000
Debt Instrument, Interest Rate, Stated Percentage			5.25%
Debt instrument, maturity date			May 15, 2026
Long-Term Debt, Fair Value				395,000,000	386,000,000
Carrying value of Senior Notes				400,000,000	400,000,000
Senior Notes December 2019
Debt Instrument [Line Items]
Senior Notes issued in a private placement to a group of institutional investors		$ 350,000,000
Debt Instrument, Interest Rate, Stated Percentage		4.00%
Debt instrument, maturity date		Jun. 15, 2028
Senior Notes December 2021
Debt Instrument [Line Items]
Senior Notes issued in a private placement to a group of institutional investors	$ 550,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.00%
Debt instrument, maturity date	Jun. 15, 2028
Dec 2019 and 2021 Senior Notes
Debt Instrument [Line Items]
Long-Term Debt, Fair Value				837,000,000	803,250,000
Carrying value of Senior Notes				$ 900,000,000	$ 900,000,000

Income Taxes	6 Months Ended
Income Taxes	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Effective Tax Rate The effective income tax rate was 24.9% and 26.1% during the quarters ended March 31, 2024 and 2023, respectively, and 17.3% and 22.0% during the six months ended March 31, 2024 and 2023, respectively. The provision for income taxes during interim quarterly reporting periods is based on our estimates of the effective tax rates for the full fiscal year. The effective tax rate in any quarter can also be affected positively or negatively by adjustments that are required to be reported in the specific quarter of resolution. A provision enacted as part of the 2022 Inflation Reduction Act imposes a 15% corporate minimum tax. The provision is effective for tax years beginning after December 31, 2022, which means that it was effective for our fiscal year beginning October 1, 2023. We do not expect any impact to our fiscal 2024 effective tax rate from the corporate minimum tax provision. The total unrecognized tax benefit for uncertain tax positions was estimated to be $15.7 million and $13.8 million at March 31, 2024 and September 30, 2023, respectively. We recognize interest expense related to unrecognized tax benefits and penalties as part of the provision for income taxes in our condensed consolidated statements of income and comprehensive income. We accrued interest of $1.5 million and $0.9 million related to unrecognized tax benefits as of March 31, 2024 and September 30, 2023, respectively.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Composition of Certain Financial Statement Captions - Property and Equipment (Detail) - USD ($) $ in Thousands	Mar. 31, 2024	Sep. 30, 2023
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation and amortization	$ (77,425)	$ (88,001)
Property and equipment, net	27,224	10,966
Property and equipment
Property, Plant and Equipment [Line Items]
Property and equipment	99,269	98,967
Internal-use software
Property, Plant and Equipment [Line Items]
Property and equipment	$ 5,380	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Cash Flows [Abstract]
Proceeds from Income Tax Refunds	$ 320	$ 548

Income Taxes -Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	24.90%	26.10%	17.30%	22.00%
Unrecognized tax benefits, uncertain tax positions	$ 15.7		$ 15.7		$ 13.8
Unrecognized tax benefits, accrued interest	$ 1.5		$ 1.5		$ 0.9

Fair Value Measurements (Tables)

6 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Financial Assets Measured on a Recurring Basis

The following tables represent financial assets that we measured at fair value on a recurring basis at March 31, 2024 and September 30, 2023:


March 31, 2024	Active Markets for Identical Instruments (Level 1)		Fair Value as of March 31, 2024
	(In thousands)
Assets:
Cash equivalents (1)	$	19,165	$	19,165
Marketable securities (2)	41,407		41,407
Total	$	60,572	$	60,572

September 30, 2023	Active Markets for Identical Instruments (Level 1)		Fair Value as of September 30, 2023
	(In thousands)
Assets:
Cash equivalents (1)	$	23,621	$	23,621
Marketable securities (2)	33,014		33,014
Total	$	56,635	$	56,635

(1)Included in cash and cash equivalents on our condensed consolidated balance sheets at March 31, 2024 and September 30, 2023. Not included in these tables are cash deposits of $116.5 million and $113.2 million at March 31, 2024 and September 30, 2023, respectively.

(2)Represents securities held under a supplemental retirement and savings plan for certain officers and senior management employees, which are distributed upon termination or retirement of the employees. Included in marketable securities on our condensed consolidated balance sheets at March 31, 2024 and September 30, 2023.

Nature of Business (Details)	Mar. 31, 2024 country
Accounting Policies [Abstract]
Number of Countries in which Entity Operates	100

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Fair Value Measurements

6 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair value is defined as the price that would be received from the sale of an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The accounting guidance establishes a three-level hierarchy for disclosure that is based on the extent and level of judgment used to estimate the fair value of assets and liabilities.

•Level 1 — uses unadjusted quoted prices that are available in active markets for identical assets or liabilities. Our Level 1 assets were comprised of money market funds and certain marketable securities and our Level 1 liabilities included senior notes as of March 31, 2024 and September 30, 2023.

•Level 2 — uses inputs other than quoted prices included in Level 1 that are either directly or indirectly observable through correlation with market data. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and inputs to valuation models or other pricing methodologies that do not require significant judgment because the inputs used in the model, such as interest rates and volatility, can be corroborated by readily observable market data. We did not have any assets or liabilities that are valued using inputs identified under a Level 2 hierarchy as of March 31, 2024 and September 30, 2023.

•Level 3 — uses one or more significant inputs that are unobservable and supported by little or no market activity, and that reflect the use of significant management judgment. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques, and significant management judgment or estimation. We did not have any assets or liabilities that are valued using inputs identified under a Level 3 hierarchy as of March 31, 2024 and September 30, 2023.

The following tables represent financial assets that we measured at fair value on a recurring basis at March 31, 2024 and September 30, 2023:


March 31, 2024	Active Markets for Identical Instruments (Level 1)		Fair Value as of March 31, 2024
	(In thousands)
Assets:
Cash equivalents (1)	$	19,165	$	19,165
Marketable securities (2)	41,407		41,407
Total	$	60,572	$	60,572

September 30, 2023	Active Markets for Identical Instruments (Level 1)		Fair Value as of September 30, 2023
	(In thousands)
Assets:
Cash equivalents (1)	$	23,621	$	23,621
Marketable securities (2)	33,014		33,014
Total	$	56,635	$	56,635

See Note 6 for the fair value of our senior notes.

There were no transfers between Level 1, Level 2, and Level 3 of the fair value hierarchy during the quarters and six-month periods ended March 31, 2024 and 2023.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Earnings per Share

6 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings per Share


	Quarter Ended March 31,				Six Months Ended March 31,
	2024		2023		2024		2023
	(In thousands, except per share data)
Numerator for diluted and basic earnings per share:
Net income	$	129,799	$	101,550	$	250,864	$	199,193
Denominator — share:
Basic weighted-average shares	24,819		25,116		24,791		25,080
Effect of dilutive securities	335		303		395		351
Diluted weighted-average shares	25,154		25,419		25,186		25,431
Earnings per share:
Basic	$	5.23	$	4.04	$	10.12	$	7.94
Diluted	$	5.16	$	4.00	$	9.96	$	7.83

Derivative Financial Instruments (Tables)

6 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Outstanding Foreign Currency Forward Contracts

The following tables summarize our outstanding foreign currency forward contracts, by currency, at March 31, 2024 and September 30, 2023:


	March 31, 2024
	Contract Amount				Fair Value
	Foreign Currency		USD		USD
	(In thousands)
Sell foreign currency:

Euro (EUR)	EUR	9,000	$	9,718	$	—
Buy foreign currency:
British pound (GBP)	GBP	9,670	$	12,200	$	—
Singapore dollar (SGD)	SGD	10,487	$	7,800	$	—


	September 30, 2023
	Contract Amount				Fair Value
	Foreign Currency		USD		USD
	(In thousands)
Sell foreign currency:

Euro (EUR)	EUR	12,900	$	13,621	$	—
Buy foreign currency:
British pound (GBP)	GBP	10,700	$	13,100	$	—
Singapore dollar (SGD)	SGD	8,569	$	6,300	$	—

Gains (Losses) on Derivative Financial Instruments

Gains (losses) on derivative financial instruments were recorded in our condensed consolidated statements of income and comprehensive income as a component of other income, net, and consisted of the following:


	Quarter Ended March 31,				Six Months Ended March 31,
	2024		2023		2024		2023
	(In thousands)
Gains (losses) on foreign currency forward contracts	$	(180)	$	309	$	361	$	1,613

Composition of Certain Financial Statement Captions

6 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Composition of Certain Financial Statement Captions

The following table presents the composition of property and equipment, net and other accrued liabilities at March 31, 2024 and September 30, 2023:


	March 31, 2024		September 30, 2023
	(In thousands)
Property and equipment, net:
Property and equipment	$	99,269	$	98,967
Internal-use software	5,380		—
Less: accumulated depreciation and amortization	(77,425)		(88,001)
Total	$	27,224	$	10,966

Other accrued liabilities:
Interest payable	$	21,384	$	20,770
Current operating leases	14,586		16,336
Other	32,966		22,372
Total	$	68,936	$	59,478

Contract Balance - Deferred Revenues (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2024	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	$ 150,076	$ 143,235
Revenue recognized that was included in the deferred revenues balance at the beginning of the period	102,063
Increases due to billings, excluding amounts recognized as revenue during the period	108,904
Deferred revenue, current portion	143,600	136,700
Deferred revenue, noncurrent	$ 6,500	$ 6,500

Composition of Certain Financial Statement Captions - Other Accrued Liability (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interest payable	$ 21,384	$ 20,770
Current operating leases	14,586	16,336
Other Accrued Liabilities, Current	32,966	22,372
Other accrued liabilities	$ 68,936	$ 59,478

Performance Obligation (Details) - USD ($) $ in Millions	Mar. 31, 2024	Sep. 30, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 481.7	$ 470.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Percentage	50.00%
Revenue, remaining performance obligation, expected timing of satisfaction, period	16 months

Segment Information (Tables)

6 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Summary of Segment Information

The following tables summarize segment information for the quarters and six-month periods ended March 31, 2024 and 2023:


	Quarter Ended March 31, 2024
	Scores		Software		Unallocated Corporate Expenses		Total
	(In thousands)
Segment revenues:
On-premises and SaaS software	$	—	$	177,180	$	—	$	177,180
Professional services	—		19,744		—		19,744
Scores	236,885		—		—		236,885
Total segment revenues	236,885		196,924		—		433,809
Segment operating expense	(24,677)		(132,762)		(45,806)		(203,245)
Segment operating income	$	212,208	$	64,162	$	(45,806)	230,564
Unallocated share-based compensation expense							(35,448)
Unallocated amortization expense							(275)


Operating income							194,841
Unallocated interest expense, net							(26,093)
Unallocated other income, net							3,986
Income before income taxes							$	172,734
Depreciation expense	$	107	$	2,099	$	16	$	2,222


	Quarter Ended March 31, 2023
	Scores		Software		Unallocated Corporate Expenses		Total
	(In thousands)
Segment revenues:
On-premises and SaaS software	$	—	$	154,584	$	—	$	154,584
Professional services	—		27,175		—		27,175
Scores	198,507		—		—		198,507
Total segment revenues	198,507		181,759		—		380,266
Segment operating expense	(23,102)		(126,892)		(43,183)		(193,177)
Segment operating income	$	175,405	$	54,867	$	(43,183)	187,089
Unallocated share-based compensation expense							(27,053)
Unallocated amortization expense							(275)


Operating income							159,761
Unallocated interest expense, net							(23,897)
Unallocated other income, net							1,605
Income before income taxes							$	137,469
Depreciation expense	$	138	$	2,723	$	20	$	2,881


	Six Months Ended March 31, 2024
	Scores		Software		Unallocated Corporate Expenses		Total
	(In thousands)
Segment revenues:
On-premises and SaaS software	$	—	$	345,848	$	—	$	345,848
Professional services	—		41,023		—		41,023
Scores	428,997		—		—		428,997
Total segment revenues	428,997		386,871		—		815,868
Segment operating expense	(48,135)		(267,587)		(86,374)		(402,096)
Segment operating income	$	380,862	$	119,284	$	(86,374)	413,772
Unallocated share-based compensation expense							(67,022)
Unallocated amortization expense							(550)


Operating income							346,200
Unallocated interest expense, net							(50,255)
Unallocated other income, net							7,379
Income before income taxes							$	303,324
Depreciation expense	$	188	$	3,697	$	28	$	3,913


	Six Months Ended March 31, 2023
	Scores		Software		Unallocated Corporate Expenses		Total
	(In thousands)
Segment revenues:
On-premises and SaaS software	$	—	$	299,144	$	—	$	299,144
Professional services	—		49,497		—		49,497
Scores	376,495		—		—		376,495
Total segment revenues	376,495		348,641		—		725,136
Segment operating expense	(44,398)		(248,009)		(77,265)		(369,672)
Segment operating income	$	332,097	$	100,632	$	(77,265)	355,464
Unallocated share-based compensation expense							(56,755)
Unallocated amortization expense							(550)

Unallocated gain on product line asset sale							1,941
Operating income							300,100
Unallocated interest expense, net							(46,697)
Unallocated other income, net							1,969
Income before income taxes							$	255,372
Depreciation expense	$	289	$	5,697	$	42	$	6,028

Goodwill (Tables)

6 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table summarizes changes to goodwill during the six months ended March 31, 2024, both in total and as allocated to our segments. As of March 31, 2024, there was no accumulated goodwill impairment loss.


	Scores		Software		Total
	(In thousands)
Balance at September 30, 2023	$	146,648	$	626,679	$	773,327


Foreign currency translation adjustment	—		3,049		3,049

Balance at March 31, 2024	$	146,648	$	629,728	$	776,376

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Nature of Business (Policies)	6 Months Ended
Nature of Business (Policies)	Mar. 31, 2024
Accounting Policies [Abstract]
Fair Isaac Corporation	Fair Isaac Corporation Fair Isaac Corporation (NYSE: FICO) (together with its consolidated subsidiaries, the “Company,” which may also be referred to in this report as “we,” “us,” “our,” or “FICO”) is a leading applied analytics company. We were founded in 1956 on the premise that data, used intelligently, can improve business decisions. Today, FICO’s software and the widely used FICO® Score operationalize analytics, enabling thousands of businesses in more than 100 countries to uncover new opportunities, make timely decisions that matter, and execute them at scale. Most leading banks and credit card issuers rely on our solutions, as do insurers, retailers, telecommunications providers, automotive lenders, consumer reporting agencies, public agencies, and organizations in other industries. We also serve consumers through online services that enable people to access and understand their FICO® Scores — the standard measure in the U.S. of consumer credit risk — empowering them to increase financial literacy and manage their financial health.
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation We have prepared the accompanying unaudited interim condensed consolidated financial statements in accordance with the instructions to Form 10-Q and the applicable accounting guidance. Consequently, we have not necessarily included all information and footnotes required for audited financial statements. In our opinion, the accompanying unaudited interim condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments, except as otherwise indicated) necessary for a fair presentation of our financial position and results of operations. These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with our audited consolidated financial statements and notes thereto presented in our Annual Report on Form 10-K for the fiscal year ended September 30, 2023. The interim financial information contained in this report is not necessarily indicative of the results to be expected for any other interim period or for the entire fiscal year. The condensed consolidated financial statements include the accounts of FICO and its subsidiaries. All intercompany accounts and transactions have been eliminated.
Use of Estimates	Use of Estimates We make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and the disclosures made in the accompanying notes. For example, we use estimates in determining the appropriate levels of various accruals; variable considerations included in the transaction price and standalone selling price of each performance obligation for our customer contracts; labor hours in connection with fixed-fee service contracts; the amount of our tax provision; and the realizability of deferred tax assets. We also use estimates in determining the remaining economic lives and carrying values of acquired intangible assets, property and equipment, and other long-lived assets. In addition, we use assumptions to estimate the fair value of reporting units and share-based compensation. Actual results may differ from our estimates.
New Accounting Pronouncements	New Accounting Pronouncements Recent Accounting Pronouncements Adopted In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers” (“ASU 2021-08”). ASU 2021-08 requires an acquirer in a business combination to recognize and measure contract assets and contract liabilities from acquired contracts using the revenue recognition guidance under Accounting Standards Codification Topic 606, Revenue from Contacts with Customers, in order to align the recognition of a contract liability with the definition of a performance obligation. We adopted ASU 2021-08 in the first quarter of fiscal 2024 and the adoption did not have a significant impact on our condensed consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). ASU 2023-07 expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, which means that it will be effective for our annual periods beginning October 1, 2024, and our interim periods beginning October 1, 2025. Early adoption is permitted. We are currently evaluating the impact that the updated standard will have on our disclosures within our consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as disaggregated information on income tax paid. The standard is effective for fiscal years beginning after December 15, 2024, which means that it will be effective for our fiscal years beginning October 1, 2025. Early adoption is permitted. We are currently evaluating the impact that the updated standard will have on our disclosures within our consolidated financial statements. In March 2024, the Securities and Exchange Commission (“SEC”) issued Final Rule Release No. 33-11275, “The Enhancement and Standardization of Climate-Related Disclosures for Investors.” This rule will require registrants to provide certain climate disclosures in their annual reports, including certain climate-related financial metrics in their audited financial statements. The rule is effective for large accelerated filers beginning with annual reports for the fiscal year beginning in 2025, which means that it will be effective for our fiscal years beginning October 1, 2025. We are currently evaluating the impact that the final rule will have on our disclosures within our consolidated financial statements. We do not expect that any other recently issued accounting pronouncements will have a significant effect on our consolidated financial statements.

Debt

6 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Debt Disclosure

Debt

The following table represents our debt at carrying value at March 31, 2024 and September 30, 2023:


	March 31, 2024		September 30, 2023
	(In thousands)
Current maturities on debt:
Revolving line of credit	$	—	$	35,000
Term loan	15,000		15,000
Current maturities on debt	15,000		50,000
Long-term debt:
Revolving line of credit	488,000		265,000
Term loan	251,250		258,750
The 2018 Senior Notes	400,000		400,000
The 2019 Senior Notes and the 2021 Senior Notes	900,000		900,000
Less: debt issuance costs	(10,598)		(12,092)
Long-term debt	2,028,652		1,811,658
Total debt	$	2,043,652	$	1,861,658

Revolving Line of Credit and Term Loan

We have a $600 million unsecured revolving line of credit and a $300 million unsecured term loan with a syndicate of banks that mature on August 19, 2026. Borrowings under the revolving line of credit and term loan can be used for working capital and general corporate purposes and may also be used for the refinancing of existing debt, acquisitions, and the repurchase of our common stock. The term loan requires principal payments in consecutive quarterly installments of $3.75 million on the last business day of each quarter. Interest rates on amounts borrowed under the revolving line of credit and term loan are based on (i) an adjusted base rate, which is the greatest of (a) the prime rate, (b) the Federal Funds rate plus 0.5%, and (c) one-month adjusted term Secured Overnight Financing Rate (“SOFR”) rate plus 1%, plus, in each case, an applicable margin, or (ii) an adjusted term SOFR rate plus an applicable margin. The applicable margin for base rate borrowings and for SOFR borrowings is determined based on our consolidated leverage ratio. The applicable margin for base rate borrowings ranges from 0% to 0.75% per annum and for SOFR borrowings ranges from 1% to 1.75% per annum. In addition, we must pay certain credit facility fees. The revolving line of credit and term loan contain certain restrictive covenants including a maximum consolidated leverage ratio of 3.5 to 1.0, subject to a step up to 4.0 to 1.0 following certain permitted acquisitions and subject to certain conditions, and a minimum interest coverage ratio of 3.0 to 1.0. The credit agreement also contains other covenants typical of unsecured credit facilities.

As of March 31, 2024, we had $488.0 million in borrowings outstanding under the revolving line of credit at a weighted-average interest rate of 6.673%, and $266.3 million in outstanding balance of the term loan at an interest rate of 6.674%. We were in compliance with all financial covenants under this credit agreement as of March 31, 2024.

Senior Notes

On May 8, 2018, we issued $400 million of senior notes in a private offering to qualified institutional investors (the “2018 Senior Notes”). The 2018 Senior Notes require interest payments semi-annually at a rate of 5.25% per annum and will mature on May 15, 2026.

On December 6, 2019, we issued $350 million of senior notes in a private offering to qualified institutional investors (the “2019 Senior Notes”). The 2019 Senior Notes require interest payments semi-annually at a rate of 4.00% per annum and will mature on June 15, 2028.

On December 17, 2021, we issued $550 million of additional senior notes of the same class as the 2019 Senior Notes in a private offering to qualified institutional investors (the “2021 Senior Notes,” and collectively with the 2018 Senior Notes and the 2019 Senior Notes, the “Senior Notes”). The 2021 Senior Notes require interest payments semi-annually at a rate of 4.00% per annum and will mature on June 15, 2028, the same date as the 2019 Senior Notes.

The indentures for the Senior Notes contain certain covenants typical of unsecured obligations and we were in compliance as of March 31, 2024.

The following table presents the face values and fair values for the Senior Notes at March 31, 2024 and September 30, 2023:


	March 31, 2024				September 30, 2023
	Face Value		Fair Value		Face Value		Fair Value
	(In thousands)
The 2018 Senior Notes	$	400,000	$	395,000	$	400,000	$	386,000
The 2019 Senior Notes and the 2021 Senior Notes	900,000		837,000		900,000		803,250
Total	$	1,300,000	$	1,232,000	$	1,300,000	$	1,189,250

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Paragraph 1B
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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+ Details

Disaggregation of Revenue (Details) $ in Thousands	3 Months Ended		6 Months Ended
Disaggregation of Revenue (Details) $ in Thousands	Mar. 31, 2024 USD ($) Segment customer	Mar. 31, 2023 USD ($) Segment	Mar. 31, 2024 USD ($) Segment customer	Mar. 31, 2023 USD ($) Segment	Sep. 30, 2023 customer
Disaggregation of Revenue [Line Items]
Total revenues	$ 433,809	$ 380,266	$ 815,868	$ 725,136
Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	100.00%	100.00%	100.00%	100.00%
Revenue from Contract with Customer Benchmark [Member] \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	100.00%	100.00%	100.00%	100.00%
Revenue from Contract with Customer Benchmark [Member] \| Customer Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Revenue, Number of Customers \| Segment	(3)	(3)	(3)	(2)
Revenue from Contract with Customer Benchmark [Member] \| Customer Concentration Risk \| TransUnion, Equifax and Experian customers
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	47.00%	43.00%	43.00%	40.00%
Accounts Receivable \| Customer Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Receivables, Number of Customers \| customer	2		2		1
On-premises and SaaS software
Disaggregation of Revenue [Line Items]
Total revenues	$ 177,180	$ 154,584	$ 345,848	$ 299,144
On-premises and SaaS software \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	100.00%	100.00%	100.00%	100.00%
On-premises and SaaS software \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk \| Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	11.00%	12.00%	10.00%	10.00%
On-premises and SaaS software \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk \| Transferred over Time
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	89.00%	88.00%	90.00%	90.00%
On-Premises \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	45.00%	48.00%	44.00%	46.00%
SaaS Products \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	55.00%	52.00%	56.00%	54.00%
Platform software \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	27.00%	25.00%	27.00%	23.00%
Non-platform software \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	73.00%	75.00%	73.00%	77.00%
Operating Segments \| On-premises and SaaS software
Disaggregation of Revenue [Line Items]
Total revenues			$ 345,848	$ 299,144
Americas
Disaggregation of Revenue [Line Items]
Total revenues	$ 364,017	$ 318,303	$ 682,527	$ 609,430
Americas \| Revenue from Contract with Customer Benchmark [Member] \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	84.00%	84.00%	84.00%	84.00%
EMEA
Disaggregation of Revenue [Line Items]
Total revenues	$ 42,257	$ 41,353	$ 78,625	$ 73,693
EMEA \| Revenue from Contract with Customer Benchmark [Member] \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	10.00%	11.00%	9.00%	10.00%
Asia Pacific
Disaggregation of Revenue [Line Items]
Total revenues	$ 27,535	$ 20,610	$ 54,716	$ 42,013
Asia Pacific \| Revenue from Contract with Customer Benchmark [Member] \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	6.00%	5.00%	7.00%	6.00%
Scores
Disaggregation of Revenue [Line Items]
Total revenues	$ 236,885	$ 198,507	$ 428,997	$ 376,495
Scores \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	100.00%	100.00%	100.00%	100.00%
Scores \| Business to business Scores
Disaggregation of Revenue [Line Items]
Total revenues	$ 185,508	$ 144,874	$ 325,950	$ 269,779
Scores \| Business to business Scores \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	78.00%	73.00%	76.00%	72.00%
Scores \| Business to consumer Scores
Disaggregation of Revenue [Line Items]
Total revenues	$ 51,377	$ 53,633	$ 103,047	$ 106,716
Scores \| Business to consumer Scores \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	22.00%	27.00%	24.00%	28.00%
Scores \| Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	$ 236,885	$ 198,507	$ 428,997	$ 376,495
Scores \| Operating Segments \| On-premises and SaaS software
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Scores \| Americas
Disaggregation of Revenue [Line Items]
Total revenues	233,723	197,039	418,671	370,336
Scores \| EMEA
Disaggregation of Revenue [Line Items]
Total revenues	1,278	1,154	2,586	2,502
Scores \| Asia Pacific
Disaggregation of Revenue [Line Items]
Total revenues	1,884	314	7,740	3,657
Software
Disaggregation of Revenue [Line Items]
Total revenues	196,924	181,759	386,871	348,641
Software \| On-premises and SaaS software
Disaggregation of Revenue [Line Items]
Total revenues	177,180	154,584	345,848	299,144
Software \| On-premises and SaaS software \| Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Total revenues	20,177	19,193	33,959	30,996
Software \| On-premises and SaaS software \| Transferred over Time
Disaggregation of Revenue [Line Items]
Total revenues	157,003	135,391	311,889	268,148
Software \| On-Premises
Disaggregation of Revenue [Line Items]
Total revenues	79,697	73,473	152,169	138,395
Software \| SaaS Products
Disaggregation of Revenue [Line Items]
Total revenues	97,483	81,111	193,679	160,749
Software \| Platform software
Disaggregation of Revenue [Line Items]
Total revenues	47,325	38,682	92,498	69,510
Software \| Non-platform software
Disaggregation of Revenue [Line Items]
Total revenues	129,855	115,902	253,350	229,634
Software \| Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	196,924	181,759	386,871	348,641
Software \| Operating Segments \| On-premises and SaaS software
Disaggregation of Revenue [Line Items]
Total revenues	177,180	154,584	345,848	299,144
Software \| Americas
Disaggregation of Revenue [Line Items]
Total revenues	130,294	121,264	263,856	239,094
Software \| EMEA
Disaggregation of Revenue [Line Items]
Total revenues	40,979	40,199	76,039	71,191
Software \| Asia Pacific
Disaggregation of Revenue [Line Items]
Total revenues	$ 25,651	$ 20,296	$ 46,976	$ 38,356

Derivative Financial Instruments - Summary of Outstanding Forward Foreign Currency Contracts by Currency (Detail) € in Thousands, £ in Thousands, $ in Thousands, $ in Thousands	Mar. 31, 2024 USD ($)	Mar. 31, 2024 EUR (€)	Mar. 31, 2024 GBP (£)	Mar. 31, 2024 SGD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2023 EUR (€)	Sep. 30, 2023 GBP (£)	Sep. 30, 2023 SGD ($)
Foreign Exchange Contracts To Sell European Euro for US Dollar
Derivative [Line Items]
Fair value of forward foreign currency contracts to sell and buy foreign currency	$ 0				$ 0
Foreign Exchange Contracts To Sell European Euro for US Dollar \| Foreign currency forward contracts \| Short \| Not Designated as Hedging Instrument
Derivative [Line Items]
Contract amount of forward foreign currency contracts	9,718	€ 9,000			13,621	€ 12,900
Foreign Exchange Contracts To Purchase British Pounds With US Dollars
Derivative [Line Items]
Fair value of forward foreign currency contracts to sell and buy foreign currency	0				0
Foreign Exchange Contracts To Purchase British Pounds With US Dollars \| Foreign currency forward contracts \| Short \| Not Designated as Hedging Instrument
Derivative [Line Items]
Contract amount of forward foreign currency contracts	12,200		£ 9,670		13,100		£ 10,700
Foreign Exchange Contracts To Purchase Singapore Dollars With US Dollars
Derivative [Line Items]
Fair value of forward foreign currency contracts to sell and buy foreign currency	0				0
Foreign Exchange Contracts To Purchase Singapore Dollars With US Dollars \| Foreign currency forward contracts \| Short \| Not Designated as Hedging Instrument
Derivative [Line Items]
Contract amount of forward foreign currency contracts	$ 7,800			$ 10,487	$ 6,300			$ 8,569

- Definition

Nominal or face amount used to calculate payments on the derivative asset.

+ References + Details

Nature of Business	6 Months Ended
Nature of Business	Mar. 31, 2024
Accounting Policies [Abstract]
Nature of Business	Nature of Business Fair Isaac Corporation Fair Isaac Corporation (NYSE: FICO) (together with its consolidated subsidiaries, the “Company,” which may also be referred to in this report as “we,” “us,” “our,” or “FICO”) is a leading applied analytics company. We were founded in 1956 on the premise that data, used intelligently, can improve business decisions. Today, FICO’s software and the widely used FICO® Score operationalize analytics, enabling thousands of businesses in more than 100 countries to uncover new opportunities, make timely decisions that matter, and execute them at scale. Most leading banks and credit card issuers rely on our solutions, as do insurers, retailers, telecommunications providers, automotive lenders, consumer reporting agencies, public agencies, and organizations in other industries. We also serve consumers through online services that enable people to access and understand their FICO® Scores — the standard measure in the U.S. of consumer credit risk — empowering them to increase financial literacy and manage their financial health. Principles of Consolidation and Basis of Presentation We have prepared the accompanying unaudited interim condensed consolidated financial statements in accordance with the instructions to Form 10-Q and the applicable accounting guidance. Consequently, we have not necessarily included all information and footnotes required for audited financial statements. In our opinion, the accompanying unaudited interim condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments, except as otherwise indicated) necessary for a fair presentation of our financial position and results of operations. These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with our audited consolidated financial statements and notes thereto presented in our Annual Report on Form 10-K for the fiscal year ended September 30, 2023. The interim financial information contained in this report is not necessarily indicative of the results to be expected for any other interim period or for the entire fiscal year. The condensed consolidated financial statements include the accounts of FICO and its subsidiaries. All intercompany accounts and transactions have been eliminated. Use of Estimates We make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and the disclosures made in the accompanying notes. For example, we use estimates in determining the appropriate levels of various accruals; variable considerations included in the transaction price and standalone selling price of each performance obligation for our customer contracts; labor hours in connection with fixed-fee service contracts; the amount of our tax provision; and the realizability of deferred tax assets. We also use estimates in determining the remaining economic lives and carrying values of acquired intangible assets, property and equipment, and other long-lived assets. In addition, we use assumptions to estimate the fair value of reporting units and share-based compensation. Actual results may differ from our estimates. New Accounting Pronouncements Recent Accounting Pronouncements Adopted In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers” (“ASU 2021-08”). ASU 2021-08 requires an acquirer in a business combination to recognize and measure contract assets and contract liabilities from acquired contracts using the revenue recognition guidance under Accounting Standards Codification Topic 606, Revenue from Contacts with Customers, in order to align the recognition of a contract liability with the definition of a performance obligation. We adopted ASU 2021-08 in the first quarter of fiscal 2024 and the adoption did not have a significant impact on our condensed consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). ASU 2023-07 expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, which means that it will be effective for our annual periods beginning October 1, 2024, and our interim periods beginning October 1, 2025. Early adoption is permitted. We are currently evaluating the impact that the updated standard will have on our disclosures within our consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as disaggregated information on income tax paid. The standard is effective for fiscal years beginning after December 15, 2024, which means that it will be effective for our fiscal years beginning October 1, 2025. Early adoption is permitted. We are currently evaluating the impact that the updated standard will have on our disclosures within our consolidated financial statements. In March 2024, the Securities and Exchange Commission (“SEC”) issued Final Rule Release No. 33-11275, “The Enhancement and Standardization of Climate-Related Disclosures for Investors.” This rule will require registrants to provide certain climate disclosures in their annual reports, including certain climate-related financial metrics in their audited financial statements. The rule is effective for large accelerated filers beginning with annual reports for the fiscal year beginning in 2025, which means that it will be effective for our fiscal years beginning October 1, 2025. We are currently evaluating the impact that the final rule will have on our disclosures within our consolidated financial statements. We do not expect that any other recently issued accounting pronouncements will have a significant effect on our consolidated financial statements.

Goodwill

6 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Disclosure

Goodwill


	Scores		Software		Total
	(In thousands)
Balance at September 30, 2023	$	146,648	$	626,679	$	773,327


Foreign currency translation adjustment	—		3,049		3,049

Balance at March 31, 2024	$	146,648	$	629,728	$	776,376

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 250,864	$ 199,193
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,178	8,294
Share-based compensation	67,022	56,755
Deferred income taxes	(13,041)	(18,360)
Net gain on marketable securities	(6,727)	(1,681)
Non-cash operating lease costs	6,772	7,613
Provision for doubtful accounts	838	738
Gain (Loss) on Disposition of Assets	0	1,941
Net loss on sales and abandonment of property and equipment	408	24
Changes in operating assets and liabilities:
Accounts receivable	(72,661)	(13,789)
Prepaid expenses and other assets	(12,490)	(17,078)
Accounts payable	(579)	(2,810)
Accrued compensation and employee benefits	(34,170)	(32,318)
Other liabilities	(5,049)	(2,425)
Deferred revenue	5,790	29
Net cash provided by operating activities	193,155	182,244
Cash flows from investing activities:
Purchases of property and equipment	(5,403)	(2,377)
Payments to Develop Software	(5,380)	0
Proceeds from sales of marketable securities	15,571	4,631
Purchases of marketable securities	(16,828)	(8,015)
Cash transferred, net of proceeds, from product line asset sale	0	(6,126)
Net cash used in investing activities	(12,040)	(11,887)
Cash flows from financing activities:
Proceeds from revolving line of credit and term loan	255,000	228,000
Payments on revolving line of credit and term loan	(74,500)	(158,500)
Payments on finance leases	1,400	0
Proceeds from issuance of treasury stock under employee stock plans	14,937	15,217
Taxes paid related to net share settlement of equity awards	(133,786)	(73,672)
Repurchases of common stock	(243,473)	(184,290)
Net cash used in financing activities	(183,222)	(173,245)
Effect of exchange rate changes on cash	996	7,457
Increase (decrease) in cash and cash equivalents	(1,111)	4,569
Cash and cash equivalents, beginning of period	136,778	133,202
Cash and cash equivalents, end of period	135,667	137,771
Supplemental disclosures of cash flow information:
Cash paid for income taxes, net of refunds of $320 and $548 during the six-month periods ended March 31, 2024 and 2023, respectively	53,757	72,800
Cash paid for interest	50,331	46,801
Supplemental disclosures of non-cash investing and financing activities:
Purchase of property and equipment included in accounts payable	439	9
Unsettled repurchases of common stock	7,780	6,981
Finance lease obligations incurred	$ 9,400	$ 0

Debt (Tables)

6 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

The following table represents our debt at carrying value at March 31, 2024 and September 30, 2023:


	March 31, 2024		September 30, 2023
	(In thousands)
Current maturities on debt:
Revolving line of credit	$	—	$	35,000
Term loan	15,000		15,000
Current maturities on debt	15,000		50,000
Long-term debt:
Revolving line of credit	488,000		265,000
Term loan	251,250		258,750
The 2018 Senior Notes	400,000		400,000
The 2019 Senior Notes and the 2021 Senior Notes	900,000		900,000
Less: debt issuance costs	(10,598)		(12,092)
Long-term debt	2,028,652		1,811,658
Total debt	$	2,043,652	$	1,861,658

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table presents the face values and fair values for the Senior Notes at March 31, 2024 and September 30, 2023:


	March 31, 2024				September 30, 2023
	Face Value		Fair Value		Face Value		Fair Value
	(In thousands)
The 2018 Senior Notes	$	400,000	$	395,000	$	400,000	$	386,000
The 2019 Senior Notes and the 2021 Senior Notes	900,000		837,000		900,000		803,250
Total	$	1,300,000	$	1,232,000	$	1,300,000	$	1,189,250

Revenue from Contract with Customer (Tables)

6 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables provide information about disaggregated revenue by primary geographical market:


	Quarter Ended March 31, 2024
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	233,723	$	130,294	$	364,017	84	%
Europe, Middle East and Africa	1,278		40,979		42,257		10	%
Asia Pacific	1,884		25,651		27,535		6	%
Total	$	236,885	$	196,924	$	433,809	100	%


	Quarter Ended March 31, 2023
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	197,039	$	121,264	$	318,303	84	%
Europe, Middle East and Africa	1,154		40,199		41,353		11	%
Asia Pacific	314		20,296		20,610		5	%
Total	$	198,507	$	181,759	$	380,266	100	%


	Six Months Ended March 31, 2024
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	418,671	$	263,856	$	682,527	84	%
Europe, Middle East and Africa	2,586		76,039		78,625		9	%
Asia Pacific	7,740		46,976		54,716		7	%
Total	$	428,997	$	386,871	$	815,868	100	%

	Six Months Ended March 31, 2023
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	370,336	$	239,094	$	609,430	84	%
Europe, Middle East and Africa	2,502		71,191		73,693		10	%
Asia Pacific	3,657		38,356		42,013		6	%
Total	$	376,495	$	348,641	$	725,136	100	%

The following table provides information about disaggregated revenue for our Software segment by deployment method:


	Quarter Ended March 31,				Percentage of revenues				Six Months Ended March 31,				Percentage of revenues
	2024		2023		2024		2023		2024		2023		2024		2023
	(Dollars in thousands)
On-premises software	$	79,697	$	73,473	45	%	48	%	$	152,169	$	138,395	44	%	46	%
SaaS software	97,483		81,111		55	%	52	%	193,679		160,749		56	%	54	%
Total on-premises and SaaS software	$	177,180	$	154,584	100	%	100	%	$	345,848	$	299,144	100	%	100	%

The following table provides information about disaggregated revenue for our Software segment by product features:


	Quarter Ended March 31,				Percentage of revenues				Six Months Ended March 31,				Percentage of revenues
	2024		2023		2024		2023		2024		2023		2024		2023
	(Dollars in thousands)
Platform software	$	47,325	$	38,682	27	%	25	%	$	92,498	$	69,510	27	%	23	%
Non-platform software	129,855		115,902		73	%	75	%	253,350		229,634		73	%	77	%
Total on-premises and SaaS software	$	177,180	$	154,584	100	%	100	%	$	345,848	$	299,144	100	%	100	%

The following table provides information about disaggregated revenue for our Software segment by timing of revenue recognition:


	Quarter Ended March 31,				Percentage of revenues				Six Months Ended March 31,				Percentage of revenues
	2024		2023		2024		2023		2024		2023		2024		2023
	(Dollars in thousands)
Software recognized at a point in time (1)	$	20,177	$	19,193	11	%	12	%	$	33,959	$	30,996	10	%	10	%
Software recognized over contract term (2)	157,003		135,391		89	%	88	%	311,889		268,148		90	%	90	%
Total on-premises and SaaS software	$	177,180	$	154,584	100	%	100	%	$	345,848	$	299,144	100	%	100	%

(2)Includes maintenance portion and usage-based fees of our on-premises subscription software, maintenance revenue on perpetual licenses, as well as SaaS revenue.

The following table provides information about disaggregated revenue for our Scores segment by distribution method:


	Quarter Ended March 31,				Percentage of revenues				Six Months Ended March 31,				Percentage of revenues
	2024		2023		2024		2023		2024		2023		2024		2023
	(Dollars in thousands)
Business-to-business Scores	$	185,508	$	144,874	78	%	73	%	$	325,950	$	269,779	76	%	72	%
Business-to-consumer Scores	51,377		53,633		22	%	27	%	103,047		106,716		24	%	28	%
Total	$	236,885	$	198,507	100	%	100	%	$	428,997	$	376,495	100	%	100	%

Schedule of Accounts Receivable

Receivables at March 31, 2024 and September 30, 2023 consisted of the following:


	March 31, 2024		September 30, 2023
	(In thousands)
Billed	$	300,179	$	234,745
Unbilled	213,023		203,896
	513,202		438,641
Less: allowance for doubtful accounts	(5,806)		(4,978)
Net receivables	507,396		433,663
Less: long-term receivables (*)	(38,371)		(45,716)
Short-term receivables (*)	$	469,025	$	387,947

(*) Short-term receivables and long-term receivables were recorded in accounts receivable, net and other assets, respectively, within the accompanying condensed consolidated balance sheets.

Deferred Revenue, by Arrangement, Disclosure


	Six Months Ended March 31, 2024
	(In thousands)
Deferred revenues, beginning balance (*)	$	143,235
Revenue recognized that was included in the deferred revenues balance at the beginning of the period	(102,063)
Increases due to billings, excluding amounts recognized as revenue during the period	108,904
Deferred revenues, ending balance (*)	$	150,076

Goodwill - Summary of Changes to Goodwill (Detail) $ in Thousands	6 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Roll Forward]
Balance at September 30, 2023	$ 773,327
Foreign currency translation adjustment	3,049
Balance at March 31, 2024	776,376
Scores
Goodwill [Roll Forward]
Balance at September 30, 2023	146,648
Foreign currency translation adjustment	0
Balance at March 31, 2024	146,648
Software
Goodwill [Roll Forward]
Balance at September 30, 2023	626,679
Foreign currency translation adjustment	3,049
Balance at March 31, 2024	$ 629,728

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Sep. 30, 2023
Debt Instrument [Line Items]
Current maturities on debt	$ 15,000	$ 50,000
Debt issuance costs	(10,598)	(12,092)
Long-Term Debt, Excluding Current Maturities	2,028,652	1,811,658
Debt, Long-Term and Short-Term, Combined Amount	2,043,652	1,861,658
Senior Notes \| May 2018 Senior Notes
Debt Instrument [Line Items]
Senior Notes, Noncurrent	400,000	400,000
Senior Notes \| Dec 2019 and 2021 Senior Notes
Debt Instrument [Line Items]
Senior Notes, Noncurrent	900,000	900,000
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Line of Credit, Current	0	35,000
Line of Credit, Noncurrent	488,000	265,000
Revolving Credit Facility \| Loans Payable
Debt Instrument [Line Items]
Loans Payable to Bank, Current	15,000	15,000
Loans Payable to Bank, Noncurrent	$ 251,250	$ 258,750

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning Balance (in shares) at Sep. 30, 2022		25,154
Beginning Balance at Sep. 30, 2022	$ (801,947)	$ 252	$ 1,299,588	$ (4,935,769)	$ 2,958,684	$ (124,702)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	56,755		56,755
Issuance of treasury stock under employee stock plans (in shares)		212
Issuance of treasury stock under employee stock plans	(58,456)	$ 2	(75,073)	16,615
Repurchases of common stock (in shares)		(350)
Repurchases of common stock	(191,271)	$ (4)		(191,267)
Net income	199,193				199,193
Foreign currency translation adjustments	24,933					24,933
Ending Balance (in shares) at Mar. 31, 2023		25,016
Ending Balance at Mar. 31, 2023	(770,793)	$ 250	1,281,270	(5,110,421)	3,157,877	(99,769)
Beginning Balance (in shares) at Dec. 31, 2022		25,155
Beginning Balance at Dec. 31, 2022	(802,095)	$ 252	1,244,271	(4,996,624)	3,056,327	(106,321)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	27,053		27,053
Issuance of treasury stock under employee stock plans (in shares)		32
Issuance of treasury stock under employee stock plans	12,414	$ 0	9,946	2,468
Repurchases of common stock (in shares)		(171)
Repurchases of common stock	(116,267)	$ (2)		(116,265)
Net income	101,550				101,550
Foreign currency translation adjustments	6,552					6,552
Ending Balance (in shares) at Mar. 31, 2023		25,016
Ending Balance at Mar. 31, 2023	(770,793)	$ 250	1,281,270	(5,110,421)	3,157,877	(99,769)
Beginning Balance (in shares) at Sep. 30, 2023		24,770
Beginning Balance at Sep. 30, 2023	(687,990)	$ 248	1,350,713	(5,324,865)	3,388,059	(102,145)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	67,022		67,022
Issuance of treasury stock under employee stock plans (in shares)		205
Issuance of treasury stock under employee stock plans	(118,849)	$ 2	(136,158)	17,307
Repurchases of common stock (in shares)		(222)
Repurchases of common stock	(251,253)	$ (2)		(251,251)
Net income	250,864				250,864
Foreign currency translation adjustments	4,546					4,546
Ending Balance (in shares) at Mar. 31, 2024		24,753
Ending Balance at Mar. 31, 2024	(735,660)	$ 248	1,281,577	(5,558,809)	3,638,923	(97,599)
Beginning Balance (in shares) at Dec. 31, 2023		24,879
Beginning Balance at Dec. 31, 2023	(725,765)	$ 249	1,239,131	(5,380,827)	3,509,124	(93,442)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	35,448		35,448
Issuance of treasury stock under employee stock plans (in shares)		18
Issuance of treasury stock under employee stock plans	8,564	$ 0	6,998	1,566
Repurchases of common stock (in shares)		(144)
Repurchases of common stock	(179,549)	$ (1)		(179,548)
Net income	129,799				129,799
Foreign currency translation adjustments	(4,157)					(4,157)
Ending Balance (in shares) at Mar. 31, 2024		24,753
Ending Balance at Mar. 31, 2024	$ (735,660)	$ 248	$ 1,281,577	$ (5,558,809)	$ 3,638,923	$ (97,599)

Fair Value Measurements - Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($)
$ in Thousands

Mar. 31, 2024

Sep. 30, 2023

Assets:

Marketable securities

$ 41,407

$ 33,014

Cash deposits

116,500

113,200

Fair Value, Measurements, Recurring

Assets:

Cash equivalents

^[1]

19,165

23,621

Marketable securities

^[2]

41,407

33,014

Total

60,572

56,635

Fair Value, Measurements, Recurring | Active Markets for Identical Instruments (Level 1)

Assets:

Cash equivalents

^[1]

19,165

23,621

Marketable securities

^[2]

41,407

33,014

Total

$ 60,572

$ 56,635

[1]	Included in cash and cash equivalents on our condensed consolidated balance sheets at March 31, 2024 and September 30, 2023. Not included in these tables are cash deposits of $116.5 million and $113.2 million at March 31, 2024 and September 30, 2023, respectively.
[2]	Represents securities held under a supplemental retirement and savings plan for certain officers and senior management employees, which are distributed upon termination or retirement of the employees. Included in marketable securities on our condensed consolidated balance sheets at March 31, 2024 and September 30, 2023.

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References + Details

Segment Information

6 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment Information

We are organized into two reportable segments: Scores and Software. Although we sell solutions and services to a large number of end user product and industry markets, our reportable business segments reflect the primary method in which management organizes and evaluates internal financial information to make operating decisions and assess performance.

•Scores. This segment includes our business-to-business (“B2B”) scoring solutions and services which give our clients access to predictive credit and other scores that can be easily integrated into their transaction streams and decision-making processes. This segment also includes our business-to-consumer (“B2C”) scoring solutions, including our myFICO.com subscription offerings.

•Software. This segment includes pre-configured analytic and decision management solutions designed for a specific type of business need or process — such as account origination, customer management, customer engagement, fraud detection, and marketing — as well as associated professional services. This segment also includes FICO® Platform, a modular software offering designed to support advanced analytic and decision use cases, as well as stand-alone analytic and decisioning software that can be configured by our customers to address a wide variety of business use cases. These offerings are available to our customers as SaaS or as on-premises software.

Our chief operating decision maker (“CODM”), who is our Chief Executive Officer, evaluates segment financial performance based on segment revenues and segment operating income. Segment operating expenses consist of direct and indirect costs principally related to personnel, facilities, IT infrastructure, consulting, travel and depreciation. Indirect costs are allocated to the segments generally based on relative segment revenues, fixed rates established by management based upon estimated expense contribution levels and other assumptions that management considers reasonable. We do not allocate broad-based incentive expense, share-based compensation expense, restructuring and acquisition-related expense, amortization expense, various corporate charges and certain other income and expense measures to our segments. These income and expense items are not allocated because they are not considered in evaluating the segment’s operating performance. Our CODM does not evaluate the financial performance of each segment based on its respective assets or capital expenditures; rather, depreciation amounts are allocated to the segments from their internal cost centers as described above.

The following tables summarize segment information for the quarters and six-month periods ended March 31, 2024 and 2023:


	Quarter Ended March 31, 2024
	Scores		Software		Unallocated Corporate Expenses		Total
	(In thousands)
Segment revenues:
On-premises and SaaS software	$	—	$	177,180	$	—	$	177,180
Professional services	—		19,744		—		19,744
Scores	236,885		—		—		236,885
Total segment revenues	236,885		196,924		—		433,809
Segment operating expense	(24,677)		(132,762)		(45,806)		(203,245)
Segment operating income	$	212,208	$	64,162	$	(45,806)	230,564
Unallocated share-based compensation expense							(35,448)
Unallocated amortization expense							(275)


Operating income							194,841
Unallocated interest expense, net							(26,093)
Unallocated other income, net							3,986
Income before income taxes							$	172,734
Depreciation expense	$	107	$	2,099	$	16	$	2,222


	Quarter Ended March 31, 2023
	Scores		Software		Unallocated Corporate Expenses		Total
	(In thousands)
Segment revenues:
On-premises and SaaS software	$	—	$	154,584	$	—	$	154,584
Professional services	—		27,175		—		27,175
Scores	198,507		—		—		198,507
Total segment revenues	198,507		181,759		—		380,266
Segment operating expense	(23,102)		(126,892)		(43,183)		(193,177)
Segment operating income	$	175,405	$	54,867	$	(43,183)	187,089
Unallocated share-based compensation expense							(27,053)
Unallocated amortization expense							(275)


Operating income							159,761
Unallocated interest expense, net							(23,897)
Unallocated other income, net							1,605
Income before income taxes							$	137,469
Depreciation expense	$	138	$	2,723	$	20	$	2,881


	Six Months Ended March 31, 2024
	Scores		Software		Unallocated Corporate Expenses		Total
	(In thousands)
Segment revenues:
On-premises and SaaS software	$	—	$	345,848	$	—	$	345,848
Professional services	—		41,023		—		41,023
Scores	428,997		—		—		428,997
Total segment revenues	428,997		386,871		—		815,868
Segment operating expense	(48,135)		(267,587)		(86,374)		(402,096)
Segment operating income	$	380,862	$	119,284	$	(86,374)	413,772
Unallocated share-based compensation expense							(67,022)
Unallocated amortization expense							(550)


Operating income							346,200
Unallocated interest expense, net							(50,255)
Unallocated other income, net							7,379
Income before income taxes							$	303,324
Depreciation expense	$	188	$	3,697	$	28	$	3,913


	Six Months Ended March 31, 2023
	Scores		Software		Unallocated Corporate Expenses		Total
	(In thousands)
Segment revenues:
On-premises and SaaS software	$	—	$	299,144	$	—	$	299,144
Professional services	—		49,497		—		49,497
Scores	376,495		—		—		376,495
Total segment revenues	376,495		348,641		—		725,136
Segment operating expense	(44,398)		(248,009)		(77,265)		(369,672)
Segment operating income	$	332,097	$	100,632	$	(77,265)	355,464
Unallocated share-based compensation expense							(56,755)
Unallocated amortization expense							(550)

Unallocated gain on product line asset sale							1,941
Operating income							300,100
Unallocated interest expense, net							(46,697)
Unallocated other income, net							1,969
Income before income taxes							$	255,372
Depreciation expense	$	289	$	5,697	$	42	$	6,028

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Contract Balance - Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Billed	$ 300,179	$ 234,745
Unbilled	213,023	203,896
Receivables Gross	513,202	438,641
Less: allowance for doubtful accounts	(5,806)	(4,978)
Accounts Receivable, after Allowance for Credit Loss	507,396	433,663
Less: long-term receivables	(38,371)	(45,716)
Accounts receivable, net	$ 469,025	$ 387,947

Derivative Financial Instruments

6 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

We use derivative instruments to manage risks caused by fluctuations in foreign exchange rates. The primary objective of our derivative instruments is to protect the value of foreign-currency-denominated receivable and cash balances from the effects of volatility in foreign exchange rates that might occur prior to conversion to their functional currencies. We principally utilize foreign currency forward contracts, which enable us to buy and sell foreign currencies in the future at fixed exchange rates and economically offset changes in foreign exchange rates. We routinely enter into contracts to offset exposures denominated in the British pound, Euro, and Singapore dollar.

Foreign currency-denominated receivable and cash balances are remeasured at foreign exchange rates in effect on the balance sheet date with the effects of changes in foreign exchange rates reported in other income, net. The forward contracts are not designated as hedges and are marked to market through other income, net. Fair value changes in the forward contracts help mitigate the changes in the value of the remeasured receivable and cash balances attributable to changes in foreign exchange rates. The forward contracts are short-term in nature and typically have average maturities at inception of less than three months.

The following tables summarize our outstanding foreign currency forward contracts, by currency, at March 31, 2024 and September 30, 2023:


	March 31, 2024
	Contract Amount				Fair Value
	Foreign Currency		USD		USD
	(In thousands)
Sell foreign currency:

Euro (EUR)	EUR	9,000	$	9,718	$	—
Buy foreign currency:
British pound (GBP)	GBP	9,670	$	12,200	$	—
Singapore dollar (SGD)	SGD	10,487	$	7,800	$	—


	September 30, 2023
	Contract Amount				Fair Value
	Foreign Currency		USD		USD
	(In thousands)
Sell foreign currency:

Euro (EUR)	EUR	12,900	$	13,621	$	—
Buy foreign currency:
British pound (GBP)	GBP	10,700	$	13,100	$	—
Singapore dollar (SGD)	SGD	8,569	$	6,300	$	—

The foreign currency forward contracts were entered into on March 31, 2024 and September 30, 2023; therefore, their fair value was $0 on each of these dates.


	Quarter Ended March 31,				Six Months Ended March 31,
	2024		2023		2024		2023
	(In thousands)
Gains (losses) on foreign currency forward contracts	$	(180)	$	309	$	361	$	1,613

Composition of Certain Financial Statement Captions (Tables)

6 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Property and Equipment and Other Accrued Liabilities

The following table presents the composition of property and equipment, net and other accrued liabilities at March 31, 2024 and September 30, 2023:


	March 31, 2024		September 30, 2023
	(In thousands)
Property and equipment, net:
Property and equipment	$	99,269	$	98,967
Internal-use software	5,380		—
Less: accumulated depreciation and amortization	(77,425)		(88,001)
Total	$	27,224	$	10,966

Other accrued liabilities:
Interest payable	$	21,384	$	20,770
Current operating leases	14,586		16,336
Other	32,966		22,372
Total	$	68,936	$	59,478

Cover - shares	6 Months Ended
Cover - shares	Mar. 31, 2024	Apr. 12, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	1-11689
Entity Registrant Name	Fair Isaac Corp
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-1499887
Entity Address, Address Line One	5 West Mendenhall, Suite 105
Entity Address, Postal Zip Code	59715
Entity Address, City or Town	Bozeman,
Entity Address, State or Province	MT
City Area Code	406
Local Phone Number	982-7276
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	FICO
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		24,710,938
Entity Central Index Key	0000814547
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

Segment Information - Additional Information (Detail)	6 Months Ended
Segment Information - Additional Information (Detail)	Mar. 31, 2024 Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Information - Summary of Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Segment revenues:
Total revenues	$ 433,809	$ 380,266	$ 815,868	$ 725,136
Segment operating expense	(238,968)	(220,505)	(469,668)	(425,036)
Operating income	194,841	159,761	346,200	300,100
Unallocated share-based compensation expense	(35,448)	(27,053)	(67,022)	(56,755)
Unallocated amortization expense	(275)	(275)	(550)	(550)
Unallocated interest expense	(26,093)	(23,897)	(50,255)	(46,697)
Unallocated other income, net	3,986	1,605	7,379	1,969
Income before income taxes	172,734	137,469	303,324	255,372
Depreciation expense	2,222	2,881	3,913	6,028
Gain on product line asset sale				1,941
Operating Segments
Segment revenues:
Segment operating expense	(203,245)	(193,177)	(402,096)	(369,672)
Operating income	230,564	187,089	413,772	355,464
Unallocated Corporate Expenses
Segment revenues:
Segment operating expense	(45,806)	(43,183)	(86,374)	(77,265)
Operating income	(45,806)	(43,183)	(86,374)	(77,265)
Depreciation expense	16	20	28	42
Scores
Segment revenues:
Total revenues	236,885	198,507	428,997	376,495
Scores \| Operating Segments
Segment revenues:
Total revenues	236,885	198,507	428,997	376,495
Segment operating expense	(24,677)	(23,102)	(48,135)	(44,398)
Operating income	212,208	175,405	380,862	332,097
Depreciation expense	107	138	188	289
Software
Segment revenues:
Total revenues	196,924	181,759	386,871	348,641
Software \| Operating Segments
Segment revenues:
Total revenues	196,924	181,759	386,871	348,641
Segment operating expense	(132,762)	(126,892)	(267,587)	(248,009)
Operating income	64,162	54,867	119,284	100,632
Depreciation expense	2,099	2,723	3,697	5,697
Professional services
Segment revenues:
Total revenues	19,744	27,175	41,023	49,497
Professional services \| Operating Segments
Segment revenues:
Total revenues			41,023	49,497
Professional services \| Scores \| Operating Segments
Segment revenues:
Total revenues	0	0	0	0
Professional services \| Software \| Operating Segments
Segment revenues:
Total revenues	19,744	27,175	41,023	49,497
On-premises and SaaS software
Segment revenues:
Total revenues	177,180	154,584	345,848	299,144
On-premises and SaaS software \| Operating Segments
Segment revenues:
Total revenues			345,848	299,144
On-premises and SaaS software \| Scores \| Operating Segments
Segment revenues:
Total revenues	0	0	0	0
On-premises and SaaS software \| Software
Segment revenues:
Total revenues	177,180	154,584	345,848	299,144
On-premises and SaaS software \| Software \| Operating Segments
Segment revenues:
Total revenues	177,180	154,584	345,848	299,144
Scores
Segment revenues:
Total revenues	236,885	198,507	428,997	376,495
Scores \| Operating Segments
Segment revenues:
Total revenues			428,997	376,495
Scores \| Scores \| Operating Segments
Segment revenues:
Total revenues	236,885	198,507	428,997	376,495
Scores \| Software \| Operating Segments
Segment revenues:
Total revenues	$ 0	$ 0	$ 0	$ 0

Earnings per Share - Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Numerator for diluted and basic earnings per share:
Net income	$ 129,799	$ 101,550	$ 250,864	$ 199,193
Denominator — share:
Basic weighted-average shares (in shares)	24,819	25,116	24,791	25,080
Effect of dilutive securities (in shares)	335	303	395	351
Diluted weighted-average shares (in shares)	25,154	25,419	25,186	25,431
Earnings per share:
Basic (in dollars per share)	$ 5.23	$ 4.04	$ 10.12	$ 7.94
Diluted (in dollars per share)	$ 5.16	$ 4.00	$ 9.96	$ 7.83

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-52

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Contract Balances - Payment Terms (Details)	6 Months Ended
Contract Balances - Payment Terms (Details)	Mar. 31, 2024
Minimum
Contract with Customer, Payment Term [Line Items]
Contract With Customer, Payment Term	30 days
Maximum
Contract with Customer, Payment Term [Line Items]
Contract With Customer, Payment Term	60 days

Goodwill (Details) $ in Millions	Mar. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Impaired, Accumulated Impairment Loss	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2024	Sep. 30, 2023
Current assets:
Cash and cash equivalents	$ 135,667	$ 136,778
Accounts receivable, net	469,025	387,947
Prepaid expenses and other current assets	36,780	31,723
Total current assets	641,472	556,448
Marketable securities	41,407	33,014
Other investments	1,252	1,223
Property and equipment, net	27,224	10,966
Operating lease right-of-use assets	28,283	25,703
Goodwill	776,376	773,327
Intangible assets, net	367	917
Deferred income tax	72,249	59,136
Other assets	114,487	114,547
Total assets	1,703,117	1,575,281
Current liabilities:
Accounts payable	18,835	19,009
Accrued compensation and employee benefits	68,805	102,471
Other accrued liabilities	68,936	59,478
Deferred revenue	143,544	136,730
Current maturities on debt	15,000	50,000
Total current liabilities	315,120	367,688
Long-term debt	2,028,652	1,811,658
Operating lease liabilities	20,558	23,903
Other liabilities	74,447	60,022
Total liabilities	2,438,777	2,263,271
Commitments and contingencies
Stockholders’ deficit:
Preferred stock ($0.01 par value; 1,000 shares authorized; none issued and outstanding)	0	0
Common stock ($0.01 par value; 200,000 shares authorized, 88,857 shares issued and 24,753 and 24,770 shares outstanding at March 31, 2024 and September 30, 2023, respectively)	248	248
Additional paid-in-capital	$ 1,281,577	$ 1,350,713
Treasury stock, shares	64,104	64,087
Treasury stock, at cost (64,104 and 64,087 shares at March 31, 2024 and September 30, 2023, respectively)	$ (5,558,809)	$ (5,324,865)
Retained earnings	3,638,923	3,388,059
Accumulated other comprehensive loss	(97,599)	(102,145)
Total stockholders’ deficit	(735,660)	(687,990)
Total liabilities and stockholders’ deficit	$ 1,703,117	$ 1,575,281