Fair Isaac Corp 2024年度报告

Dear Shareholders: FICO had another exceptional year in fiscal 2024, with record annual revenues and earnings, and ourstock reaching an all-time high. We achieved $1.72 billion in revenues, up 13% versus the prior year.GAAP net income reached $513 million with $20.45 of diluted earnings per share, up 21% versus theprior year. We delivered strong annual free cash flow of $607 million* and we continued to returncapital to our shareholders through our share repurchase program, repurchasing 606,000 shares at anaverage price of $1,366 per share. Our fiscal 2024 performance was driven by both our Software and Scores operating segments. In ourSoftware segment, we continued the momentum with FICO®Platform. The Annual RecurringRevenue (“ARR”) for the FICO Platform exceeded 30% year over year growth in each quarter of fiscal2024. FICO Platform provides the power of analytics and AI to enable smarter business decisions atscale, powering customer connections across the enterprise. In our Scores segment, the growth weexperienced in fiscal 2024 reflected our leadership and the industry’s ongoing recognition of theFICO®Score as the standard measure of U.S. consumer credit risk. Scores In our Scores segment, revenues were $920 million, up 19% versus last year. Our business-to-businessscores revenue was up 27% for the full year. Our business-to-consumer scores revenue was down 2%versus last year, primarily due to a decrease in direct sales from the myFICO.com website. During fiscal 2024, we saw significant adoption of our latest score, FICO®Score 10 T, innon-government-sponsored enterprise mortgages. We now have clients with over $241 billion inannualized mortgage originations and approximately $1.33 trillion in eligible mortgage portfolioservicing that have signed up for FICO Score 10 T. We continue to innovate in scores, having recentlyannounced the launch of FICO®Score Mortgage Simulator. This new tool can allow mortgageprofessionals to run credit event scenarios by applying simulated changes to a current or prospectiveapplicant’s credit report data to estimate the potential impact on scores based on those actions. Thisbenefits both mortgage lenders and consumers by potentially enabling lenders to provide more loanoptions and more favorable interest rates. As the industry leader in credit scoring, FICO is committed to improving financial literacy. We do thisin a variety of ways, including by providing free access to FICO®Scores and credit education throughour myFICO.com website and through our FICO®Score Open Access program with over 200 leadingfinancial institutions. This year our efforts also included partnering again with the Chelsea FootballClub on its American summer tour and teaming up with NASCAR driver Kyle Busch and professionaltennis player Chris Eubanks to host financial education workshops through our Score A Better Future™(SABF) seminars and our SABF Fundamentals curriculum for students at high schools and colleges intraditionally underserved communities. Software In our Software segment, we delivered $798 million in fiscal 2024 revenue, up 8% versus last year.Our total Software ARR as of September 30, 2024 was $721 million, an 8% increase over the prior year. Platform ARR grew 31% versus the prior year, while Non-Platform ARR was flat. This is alignedwith our strategy of focusing our sales team on landing and expanding clients with FICO®Platform. InNon-Platform, our focus is on maintaining customer satisfaction and upgrading these clients toPlatform over time. An important part of our FICO Platform software strategy is to increase customers’usage by adopting the Platform for multiple use cases across their business. We measure the success ofthis strategy through our dollar-based net retention rate, which was 123% for Platform as ofSeptember 30, 2024. There continues to be strong demand for FICO®Platform, which is now used by approximately 140tier one financial institutions to power their customer connections. Several of these customers sharedtheir success stories with the 1,000+ attendees at our FICO®World conference in April 2024. Theyprovided compelling examples of how FICO Platform broke down silos to give them more agility andallowed them to reuse AI models and decision assets across the enterprise to drive better businessoutcomes. We continue to see positive industry recognition for our Software Business. FICO®Platform wasrecognized for its innovation in the 2024 IDC MarketScape for Worldwide Decision IntelligencePlatforms. We were ranked again as a top 10 company in the Chartis Research RiskTech100®2025and were named a Category Leader in both the Chartis Risktech Quadrant®for Enterprise FraudSolutions and Chartis RiskTech Quadrant®for Payment Fraud Solutions in 2024. FICO Platform wasalso included in the 2024 Gartner®Market Guide for Decision Intelligence Platforms and won the DataBreakthrough Awards “Business Intelligence Platform of the Year.” I am excited about our future and confident