0000814547-22-000003 | 10-Q | XBRL Viewer

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
Current assets:
Cash and cash equivalents	$ 162,157	$ 195,354
Accounts receivable, net	260,161	312,107
Prepaid expenses and other current assets	39,678	43,513
Total current assets	461,996	550,974
Marketable securities	33,926	31,884
Other investments	1,316	1,312
Property and equipment, net	24,597	27,913
Operating lease right-of-use assets	46,061	47,275
Goodwill	787,259	788,185
Intangible assets, net	3,558	4,099
Deferred income tax	16,612	20,549
Other assets	87,985	95,585
Total assets	1,463,310	1,567,776
Current liabilities:
Accounts payable	20,422	20,749
Accrued compensation and employee benefits	62,926	103,506
Other accrued liabilities	75,068	79,535
Deferred revenue	98,381	105,417
Current maturities on debt	65,000	250,000
Total current liabilities	321,797	559,207
Long-term debt	1,568,292	1,009,018
Operating lease liabilities	50,972	53,670
Other liabilities	60,548	56,823
Total liabilities	2,001,609	1,678,718
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 26,509 and 27,568 shares outstanding at December 31, 2021 and September 30, 2021, respectively)	265	276
Additional paid-in-capital	$ 1,208,365	$ 1,237,348
Treasury stock, shares	62,348	61,289
Treasury stock, at cost (62,348 and 61,289 shares at December 31, 2021 and September 30, 2021, respectively)	$ (4,339,039)	$ (3,857,855)
Retained earnings	2,670,102	2,585,143
Accumulated other comprehensive loss	(77,992)	(75,854)
Total stockholders’ deficit	(538,299)	(110,942)
Total liabilities and stockholders’ deficit	$ 1,463,310	$ 1,567,776

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2021	Sep. 30, 2021
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	26,509,000	27,568,000
Treasury stock, shares	62,348,000	61,289,000

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Total revenues	$ 322,361	$ 312,414
Operating expenses:
Cost of revenues	69,203	89,528
Research and development	38,980	40,651
Selling, general and administrative	98,048	93,911
Amortization of intangible assets	544	937
Gains on product line asset sales and business divestiture	0	7,334
Total operating expenses	206,775	217,693
Operating income	115,586	94,721
Interest expense, net	(12,195)	(9,641)
Other income, net	1,429	2,880
Income before income taxes	104,820	87,960
Income tax provision	19,861	1,468
Net income	84,959	86,492
Other comprehensive gain (loss):
Foreign currency translation adjustments	(2,138)	17,048
Comprehensive income	$ 82,821	$ 103,540
Earnings per share:
Basic (in dollars per share)	$ 3.13	$ 2.97
Diluted (in dollars per share)	$ 3.09	$ 2.90
Shares used in computing earnings per share:
Basic (in shares)	27,167	29,127
Diluted (in shares)	27,524	29,789
On-premises and SaaS software
Total revenues	$ 126,338	$ 126,455
Professional services
Total revenues	26,536	41,308
Scores
Total revenues	$ 169,487	$ 144,651

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, 2020		29,096
Beginning Balance at Sep. 30, 2020	$ 331,082	$ 291	$ 1,218,583	$ (2,997,856)	$ 2,193,059	$ (82,995)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	25,132		25,132
Issuance of treasury stock under employee stock plans (in shares)		241
Issuance of treasury stock under employee stock plans	(85,622)	$ 2	(97,822)	12,198
Repurchases of common stock (in shares)		(101)
Repurchases of common stock	(50,011)	$ (1)		(50,010)
Net income	86,492				86,492
Foreign currency translation adjustments	17,048					17,048
Ending Balance (in shares) at Dec. 31, 2020		29,236
Ending Balance at Dec. 31, 2020	324,121	$ 292	1,145,893	(3,035,668)	2,279,551	(65,947)
Beginning Balance (in shares) at Sep. 30, 2021		27,568
Beginning Balance at Sep. 30, 2021	(110,942)	$ 276	1,237,348	(3,857,855)	2,585,143	(75,854)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	29,878		29,878
Issuance of treasury stock under employee stock plans (in shares)		185
Issuance of treasury stock under employee stock plans	(46,474)	$ 1	(58,861)	12,386
Repurchases of common stock (in shares)		(1,244)
Repurchases of common stock	(493,582)	$ (12)		(493,570)
Net income	84,959				84,959
Foreign currency translation adjustments	(2,138)					(2,138)
Ending Balance (in shares) at Dec. 31, 2021		26,509
Ending Balance at Dec. 31, 2021	$ (538,299)	$ 265	$ 1,208,365	$ (4,339,039)	$ 2,670,102	$ (77,992)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 84,959	$ 86,492
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,227	7,026
Share-based compensation	29,878	25,132
Deferred income taxes	3,905	(298)
Net (gain) loss on marketable securities	592	(1,768)
Non-cash operating lease costs	4,115	4,000
Provision for doubtful accounts, net	325	219
Net loss on sales and abandonment of property and equipment	51	62
Gains on product line asset sales and business divestiture	0	(7,334)
Changes in operating assets and liabilities:
Accounts receivable	58,428	33,130
Prepaid expenses and other assets	157	(7,310)
Accounts payable	(268)	(1,479)
Accrued compensation and employee benefits	(40,335)	(46,704)
Other liabilities	(14,904)	(12,241)
Deferred revenue	(7,249)	(980)
Net cash provided by operating activities	124,881	77,947
Cash flows from investing activities:
Purchases of property and equipment	(895)	(3,045)
Proceeds from sales of marketable securities	129	567
Purchases of marketable securities	(2,763)	(1,741)
Proceeds from product line asset sales and business divestiture	2,257	8,291
Purchase of equity investment	0	(210)
Net cash provided by (used in) investing activities	(1,272)	3,862
Cash flows from financing activities:
Proceeds from revolving line of credit and term loan	620,000	116,000
Payments on revolving line of credit and term loan	(788,000)	(80,000)
Proceeds from issuance of senior notes	550,000	0
Payments on debt issuance costs	(8,200)	0
Payments on finance leases	0	(176)
Proceeds from issuance of treasury stock under employee stock plans	550	57
Taxes paid related to net share settlement of equity awards	(47,024)	(85,678)
Repurchases of common stock	(482,755)	(50,011)
Net cash used in financing activities	(155,429)	(99,808)
Effect of exchange rate changes on cash	(1,377)	5,267
Decrease in cash and cash equivalents	(33,197)	(12,732)
Cash and cash equivalents, beginning of period	195,354	157,394
Cash and cash equivalents, end of period	162,157	144,662
Supplemental disclosures of cash flow information:
Cash paid for income taxes, net of refunds of $72 and $221 during the quarters ended December 31, 2021 and 2020, respectively	1,570	3,186
Cash paid for interest	19,396	17,858
Supplemental disclosures of non-cash investing and financing activities:
Purchase of property and equipment included in accounts payable	67	13
Unsettled repurchases of common stock	$ 18,870	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement of Cash Flows [Abstract]
Proceeds from Income Tax Refunds	$ 72	$ 221

Nature of Business	3 Months Ended
Nature of Business	Dec. 31, 2021
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 nearly 120 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 companies, 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, 2021. 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. During the fourth quarter of our fiscal 2021, we consolidated our operating segment structure from three to two by merging Applications and Decision Management Software segments into the new Software segment. As a result, we modified the presentation of our segment financial information with retrospective application to all prior periods presented. Refer to Note 18 - Segment Reporting to the consolidated financial statements included in Part II. Item 8 of our 2021 Annual Report on Form 10-K for further information. In addition, effective beginning in the fourth quarter of fiscal 2021, we changed the classification of revenue from transactional and maintenance, professional services, and license to on-premises and SaaS software, professional services and scores, which is reflected in our condensed consolidated statements of income and comprehensive income, as well as our disclosures on disaggregation of revenue, to better align with our business strategy. Previously reported amounts in the condensed consolidated statements of income and comprehensive income and notes to the condensed consolidated financial statements were adjusted to conform to the current presentation. Use of Estimates We make estimates and assumptions that affect the amounts reported in the 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. As the impact of the COVID-19 pandemic continues to evolve, estimates and assumptions about future events and their effects cannot be determined with certainty and therefore require increased judgment. These estimates and assumptions may change in future periods and will be recognized in the condensed consolidated financial statements as new events occur and additional information becomes known. To the extent our actual results differ materially from those estimates and assumptions, our future financial statements could be affected. For more information, see Part II, Item 1A “Risk Factors” of this Quarterly Report on Form 10-Q. New Accounting Pronouncements Recent Accounting Pronouncements Not Yet 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 in order to align the recognition of a contract liability with the definition of a performance obligation. The standard is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, which means that it will be effective for our fiscal year beginning October 1, 2023. Early adoption is permitted. We do not believe that adoption of ASU 2021-08 will have a significant impact on our consolidated financial statements. We do not expect that any other recently issued accounting pronouncements will have a significant effect on our financial statements.

Fair Value Measurements

3 Months Ended

Dec. 31, 2021

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 December 31, 2021 and September 30, 2021.

•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 December 31, 2021 and September 30, 2021.

•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 December 31, 2021 and September 30, 2021.

The following tables represent financial assets that we measured at fair value on a recurring basis at December 31, 2021 and September 30, 2021:


December 31, 2021	Active Markets for Identical Instruments (Level 1)		Fair Value as of December 31, 2021
	(In thousands)
Assets:
Cash equivalents (1)	$	194	$	194
Marketable securities (2)	33,926		33,926
Total	$	34,120	$	34,120

September 30, 2021	Active Markets for Identical Instruments (Level 1)		Fair Value as of September 30, 2021
	(In thousands)
Assets:
Cash equivalents (1)	$	194	$	194
Marketable securities (2)	31,884		31,884
Total	$	32,078	$	32,078

(1)Included in cash and cash equivalents on our condensed consolidated balance sheets at December 31, 2021 and September 30, 2021. Not included in these tables are cash deposits of $162.0 million and $195.2 million at December 31, 2021 and September 30, 2021, 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 December 31, 2021 and September 30, 2021.

See Note 7 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 ended December 31, 2021 and 2020.

- 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

Derivative Financial Instruments

3 Months Ended

Dec. 31, 2021

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 respective 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 December 31, 2021 and September 30, 2021:


	December 31, 2021
	Contract Amount				Fair Value
	Foreign Currency		USD		USD
	(In thousands)
Sell foreign currency:

Euro (EUR)	EUR	15,900	$	18,044	$	—
Buy foreign currency:
British pound (GBP)	GBP	10,983	$	14,800	$	—
Singapore dollar (SGD)	SGD	7,405	$	5,500	$	—


	September 30, 2021
	Contract Amount				Fair Value
	Foreign Currency		USD		USD
	(In thousands)
Sell foreign currency:

Euro (EUR)	EUR	17,100	$	19,829	$	—
Buy foreign currency:
British pound (GBP)	GBP	11,467	$	15,400	$	—
Singapore dollar (SGD)	SGD	6,650	$	4,900	$	—

The foreign currency forward contracts were entered into on December 31, 2021 and September 30, 2021, respectively; therefore, their fair value was $0 on each of these dates.

Gains 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 December 31,
	2021		2020
	(In thousands)
Gains on foreign currency forward contracts	$	562	$	1,686

Goodwill and Intangible Assets

3 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Amortization expense associated with our intangible assets is reflected as a separate operating expense caption — amortization of intangible assets — and is excluded from cost of revenues and selling, general and administrative expenses within the accompanying condensed consolidated statements of income and comprehensive income. Amortization expense consisted of the following:


	Quarter Ended December 31,
	2021		2020
	(In thousands)
Completed technology	$	125	$	322
Customer contracts and relationships	419		571

Non-compete agreements	—		44
Total	$	544	$	937

Estimated future intangible asset amortization expense associated with intangible assets existing at December 31, 2021 was as follows:


Year Ending September 30,	(In thousands)
2022 (excluding the quarter ended December 31, 2021)	$	1,541
2023	1,100
2024	917



Total	$	3,558

The following table summarizes changes to goodwill during the quarter ended December 31, 2021, both in total and as allocated to our segments:


	Scores		Software		Total
	(In thousands)
Balance at September 30, 2021	$	146,648	$	641,537	$	788,185


Foreign currency translation adjustment	—		(926)		(926)

Balance at December 31, 2021	$	146,648	$	640,611	$	787,259

Composition of Certain Financial Statement Captions

3 Months Ended

Dec. 31, 2021

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 assets at December 31, 2021 and September 30, 2021:


	December 31, 2021		September 30, 2021
	(In thousands)
Property and equipment, net:
Property and equipment	$	123,516	$	124,966
Less: accumulated depreciation and amortization	(98,919)		(97,053)
Total	$	24,597	$	27,913

Other assets:
Long-term receivables	$	30,297	$	37,452
Prepaid commissions	45,998		44,932
Other	11,690		13,201
Total	$	87,985	$	95,585

Revolving Line of Credit	3 Months Ended
Revolving Line of Credit	Dec. 31, 2021
Debt Disclosure [Abstract]
Revolving Line of Credit	Revolving Line of Credit We have a $600 million unsecured revolving line of credit with a syndicate of banks that expires on August 19, 2026. Borrowings under the credit facility 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. Interest on amounts borrowed under the credit facility is based on (i) an adjusted base rate, which is the greater of (a) the prime rate, (b) the Federal Funds rate plus 0.500%, and (c) the one-month LIBOR rate plus 1.000%, plus, in each case, an applicable margin, or (ii) an adjusted LIBOR rate plus an applicable margin. The applicable margin for base rate borrowings ranges from 0% to 0.750% and for LIBOR borrowings ranges from 1.000% to 1.750%, and is determined based on our consolidated leverage ratio. In addition, we must pay credit facility fees. The credit facility contains certain restrictive covenants including maintaining a maximum consolidated leverage ratio of 3.50, subject to a step up to 4.00 following certain permitted acquisitions; and a minimum interest coverage ratio of 3.00. The credit agreement also contains other covenants typical of unsecured facilities. On October 20, 2021, we amended our credit agreement to provide for the issuance of a $300 million term loan, increasing the total capacity of the agreement to $900 million. The term loan is subject to the same pricing and covenants as the revolving line of credit and matures at the expiration of the facility on August 19, 2026. The term loan requires principal payments in consecutive quarterly installments of $3.75 million on the last business day of each quarter, commencing on March 31, 2022. As of December 31, 2021, we had $50.0 million in borrowings outstanding under the revolving credit facility at a weighted-average interest rate of 1.352%, and $300.0 million in outstanding balance of the term loan at an interest rate of 1.354%, of which $285.0 million was classified as a long-term liability and recorded in long-term debt within the accompanying condensed consolidated balance sheets. We were in compliance with all financial covenants under this credit facility as of December 31, 2021.

Senior Notes

3 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

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.

The following table presents the face values and fair values for the Senior Notes at December 31, 2021 and September 30, 2021:


	December 31, 2021				September 30, 2021
	Face Value (*)		Fair Value		Face Value (*)		Fair Value
	(In thousands)
The 2018 Senior Notes	400,000		437,000		400,000		453,000
The 2019 Senior Notes and the 2021 Senior Notes	900,000		920,250		350,000		357,000
Total	$	1,300,000	$	1,357,250	$	750,000	$	810,000

(*) The carrying value of the Senior Notes was the face value reduced by the net debt issuance costs of $15.8 million and $9.0 million at December 31, 2021 and September 30, 2021, respectively.

Revenue from Contract with Customer

3 Months Ended

Dec. 31, 2021

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 December 31, 2021
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	165,712	$	99,185	$	264,897	82	%
Europe, Middle East and Africa	1,493		37,398		38,891		12	%
Asia Pacific	2,282		16,291		18,573		6	%
Total	$	169,487	$	152,874	$	322,361	100	%


	Quarter Ended December 31, 2020
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	140,713	$	108,024	$	248,737	79	%
Europe, Middle East and Africa	1,713		43,678		45,391		15	%
Asia Pacific	2,225		16,061		18,286		6	%
Total	$	144,651	$	167,763	$	312,414	100	%

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


	Quarter Ended December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
On-premises software	$	57,295	$	66,482	45	%	53	%
SaaS software	69,043		59,973		55	%	47	%
Total	$	126,338	$	126,455	100	%	100	%

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


	Quarter Ended December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
Platform software (*)	$	22,072	$	14,125	17	%	11	%
Non-platform software	104,266		112,330		83	%	89	%
Total	$	126,338	$	126,455	100	%	100	%

(*) The FICO platform software is a set of interoperable services which use software assets owned and/or governed by FICO for building solutions and which conform to FICO architectural standards based on key elements of Cloud Native Computing design principles. These standards encompass shared security context and pre-integration using FICO standard application programming interfaces for all services.

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


	Quarter Ended December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
Software recognized at a point time (1)	$	7,159	$	12,894	6	%	10	%
Software recognized over contract term (2)	119,179		113,561		94	%	90	%
Total	$	126,338	$	126,455	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 December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
Business-to-business Scores	$	112,968	$	100,144	67	%	69	%
Business-to-consumer Scores	56,519		44,507		33	%	31	%
Total	$	169,487	$	144,651	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 38% and 34% of our total revenues in the quarters ended December 31, 2021 and 2020, respectively, with two consumer reporting agencies each contributing more than 10% of our total revenues in each of the quarters ended December 31, 2021 and 2020.

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 December 31, 2021 and September 30, 2021 consisted of the following:


	December 31, 2021		September 30, 2021
	(In thousands)
Billed	$	138,608	$	198,305
Unbilled	156,132		155,408
	294,740		353,713
Less: allowance for doubtful accounts	(4,282)		(4,154)
Net receivables	290,458		349,559
Less: long-term receivables *	(30,297)		(37,452)
Short-term receivables *	$	260,161	$	312,107

(*) Short-term receivables and long-term receivables were recorded in accounts receivable, net and other assets, respectively, within the accompanying 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:


	Quarter Ended December 31,
	2021		2020
	(In thousands)
Deferred revenues, beginning balance (*)	$	110,763	$	122,141
Revenue recognized that was included in the deferred revenues balance at the beginning of the period	(45,942)		(47,793)
Increases due to billings, excluding amounts recognized as revenue during the period	38,515		48,441
Deferred revenues, ending balance (*)	$	103,336	$	122,789

(*) Deferred revenues at December 31, 2021 included current portion of $98.4 million and long-term portion of $4.9 million that were recorded in deferred revenue and other liabilities, respectively, within the condensed consolidated balance sheets. Deferred revenues at September 30, 2021 included current portion of $105.4 million and long-term portion of $5.4 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 $270.6 million as of December 31, 2021, approximately 50% of which we expect to recognize over the next 16 months and the remainder thereafter. Revenue allocated to remaining performance obligations was $289.0 million as of September 30, 2021.

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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+ Details

Income Taxes	3 Months Ended
Income Taxes	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Effective Tax Rate The effective income tax rate was 18.9% and 1.7% during the quarters ended December 31, 2021 and 2020, 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. The effective tax rates for the quarters ended December 31, 2021 and 2020 were both impacted favorably by the recording of excess tax benefits relating to stock awards. The impact is dependent upon grants of share-based compensation and the future stock price in relation to the fair value of awards on the grant date. The decrease in stock price for awards that vested in December 2021 resulted in a decreased net excess tax benefit for the quarter ended December 31, 2021. The total unrecognized tax benefit for uncertain tax positions was estimated to be $11.8 million and $10.9 million at December 31, 2021 and September 30, 2021, 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 $0.5 million and $0.4 million related to unrecognized tax benefits as of December 31, 2021 and September 30, 2021, 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
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+ Details

Stock-Based Employee Benefit Plans

3 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Stock-Based Employee Benefit Plans

Share-Based Employee Benefit Plans

We maintain the 2021 Long-Term Incentive Plan (the “2021 Plan”) under which we grant equity awards, including stock options, stock appreciation rights, restricted stock awards, stock unit awards and other share-based awards. All employees, consultants and advisors of FICO or any subsidiary, as well as all non-employee directors, are eligible to receive awards under the 2021 Plan. Stock option awards have a maximum term of ten years. In general, stock option awards and restricted stock unit awards not subject to market or performance conditions vest annually over four years. Restricted stock unit awards subject to market or performance conditions generally vest annually over three years based on the achievement of specified criteria.

We maintain the 2019 Employee Stock Purchase Plan (the “2019 Purchase Plan”) under which we are authorized to issue up to 1,000,000 shares of our common stock to eligible employees. Employees have up to 15% of their eligible pay withheld through payroll deductions to purchase FICO common stock during semi-annual offering periods. The purchase price of the stock is 85% of the closing sales price of FICO common stock on the last trading day of each offering period. Offering period means the approximately six-month long periods commencing (a) on the first trading day on or after September 1 and terminating on the last trading day in the following February, and (b) on the first trading day on or after March 1 and terminating on the last trading day in the following August.

Stock Options

The following table summarizes option activity during the quarter ended December 31, 2021:


	Shares	Weighted-average Exercise Price		Weighted-average Remaining Contractual Term	Aggregate Intrinsic Value
	(In thousands)			(In years)	(In thousands)
Outstanding at September 30, 2021	226	$	205.90
Granted	9	407.49
Exercised	(7)	72.06

Outstanding at December 31, 2021	228	$	218.30	3.44	$	50,094
Exercisable at December 31, 2021	179	$	183.75	2.94	$	45,033
Vested or expected to vest at December 31, 2021	226	$	216.50	3.42	$	50,006

Restricted Stock Units

The following table summarizes restricted stock unit activity during the quarter ended December 31, 2021:


	Shares	Weighted-average Grant-date Fair Value
	(In thousands)
Outstanding at September 30, 2021	517	$	335.16
Granted	184	407.25
Released	(210)	268.95
Forfeited	(24)	358.29
Outstanding at December 31, 2021	467	$	392.23

Performance Share Units

The following table summarizes performance share unit activity during the quarter ended December 31, 2021:


	Shares	Weighted-average Grant-date Fair Value
	(In thousands)
Outstanding at September 30, 2021	126	$	403.61
Granted	43	407.49
Released	(64)	344.62

Outstanding at December 31, 2021	105	$	440.93

Market Share Units

The following table summarizes market share unit activity during the quarter ended December 31, 2021:


	Shares	Weighted-average Grant-date Fair Value
	(In thousands)
Outstanding at September 30, 2021	63	$	541.42
Granted	50	493.66
Released	(19)	206.71

Outstanding at December 31, 2021	94	$	584.19

Employee Stock Purchase Plan

As the 2019 Purchase Plan has semi-annual offering periods with shares purchased on the last trading day in the months of February and August, no shares were purchased during the quarter ended December 31, 2021

Earnings per Share

3 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings per Share

The following table presents reconciliations for the numerators and denominators of basic and diluted earnings per share (“EPS”) for the quarters ended December 31, 2021 and 2020:


	Quarter Ended December 31,
	2021		2020
	(In thousands, except per share data)
Numerator for diluted and basic earnings per share:
Net income	$	84,959	$	86,492
Denominator - share:
Basic weighted-average shares	27,167		29,127
Effect of dilutive securities	357		662
Diluted weighted-average shares	27,524		29,789
Earnings per share:
Basic	$	3.13	$	2.97
Diluted	$	3.09	$	2.90

Anti-dilutive share-based awards excluded from the calculations of diluted EPS were immaterial during the periods presented.

Segment Information

3 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Information

During the fourth quarter of our fiscal 2021, we reevaluated our operating segments to better align with how our chief operating decision maker (“CODM”), who is our Chief Executive Officer, evaluates performance and allocates resources. The key factors evaluated included our evolving platform strategies, our go-to market considerations, and sales of our product lines and businesses during fiscal 2021, and in particular the divestiture of our C&R business in June 2021, among others. As a result, we consolidated our operating segment structure from three to two by merging Applications and Decision Management Software segments into the new Software segment. Based on this change, we determined we have two reportable segments and revised prior comparative periods to conform to the current period segment presentation. The new segments are as follows:

•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, financial crimes compliance, 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 CODM 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 ended December 31, 2021 and 2020:


	Quarter Ended December 31, 2021
	Scores		Software		Unallocated Corporate Expenses		Total
	(In thousands)
Segment revenues:
On-premises and SaaS software	$	—	$	126,338	$	—	$	126,338
Professional services	—		26,536		—		26,536
Scores	169,487		—		—		169,487
Total segment revenues	169,487		152,874		—		322,361
Segment operating expense	(21,984)		(118,581)		(35,788)		(176,353)
Segment operating income	$	147,503	$	34,293	$	(35,788)	146,008
Unallocated share-based compensation expense							(29,878)
Unallocated amortization expense							(544)


Operating income							115,586
Unallocated interest expense, net							(12,195)
Unallocated other income, net							1,429
Income before income taxes							$	104,820
Depreciation expense	$	192	$	3,877	$	29	$	4,098


	Quarter Ended December 31, 2020
	Scores		Software		Unallocated Corporate Expenses		Total
	(In thousands)
Segment revenues:
On-premises and SaaS software	$	—	$	126,455	$	—	$	126,455
Professional services	—		41,308		—		41,308
Scores	144,651		—		—		144,651
Total segment revenues	144,651		167,763		—		312,414
Segment operating expense	(21,626)		(147,079)		(30,253)		(198,958)
Segment operating income	$	123,025	$	20,684	$	(30,253)	113,456
Unallocated share-based compensation expense							(25,132)
Unallocated amortization expense							(937)
Unallocated gains on product line asset sales and business divestiture							7,334
Operating income							94,721
Unallocated interest expense, net							(9,641)
Unallocated other income, net							2,880
Income before income taxes							$	87,960
Depreciation expense	$	194	$	5,358	$	33	$	5,585

- 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.

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+ Details

Contingencies	3 Months Ended
Contingencies	Dec. 31, 2021
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 we do not have material exposure on an aggregate basis.

Subsequent Events	3 Months Ended
Subsequent Events	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsIn January 2022, our Board of Directors approved a new stock repurchase program following the completion of the previous stock repurchase program. The new program is open-ended and authorizes repurchases of shares of our common stock up to an aggregate cost of $500.0 million in the open market or in negotiated transactions.

Nature of Business (Policies)	3 Months Ended
Nature of Business (Policies)	Dec. 31, 2021
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 nearly 120 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 companies, 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, 2021. 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. During the fourth quarter of our fiscal 2021, we consolidated our operating segment structure from three to two by merging Applications and Decision Management Software segments into the new Software segment. As a result, we modified the presentation of our segment financial information with retrospective application to all prior periods presented. Refer to Note 18 - Segment Reporting to the consolidated financial statements included in Part II. Item 8 of our 2021 Annual Report on Form 10-K for further information. In addition, effective beginning in the fourth quarter of fiscal 2021, we changed the classification of revenue from transactional and maintenance, professional services, and license to on-premises and SaaS software, professional services and scores, which is reflected in our condensed consolidated statements of income and comprehensive income, as well as our disclosures on disaggregation of revenue, to better align with our business strategy. Previously reported amounts in the condensed consolidated statements of income and comprehensive income and notes to the condensed consolidated financial statements were adjusted to conform to the current presentation.
Use of Estimates	Use of Estimates We make estimates and assumptions that affect the amounts reported in the 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. As the impact of the COVID-19 pandemic continues to evolve, estimates and assumptions about future events and their effects cannot be determined with certainty and therefore require increased judgment. These estimates and assumptions may change in future periods and will be recognized in the condensed consolidated financial statements as new events occur and additional information becomes known. To the extent our actual results differ materially from those estimates and assumptions, our future financial statements could be affected. For more information, see Part II, Item 1A “Risk Factors” of this Quarterly Report on Form 10-Q.
New Accounting Pronouncements	New Accounting Pronouncements Recent Accounting Pronouncements Not Yet 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 in order to align the recognition of a contract liability with the definition of a performance obligation. The standard is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, which means that it will be effective for our fiscal year beginning October 1, 2023. Early adoption is permitted. We do not believe that adoption of ASU 2021-08 will have a significant impact on our consolidated financial statements. We do not expect that any other recently issued accounting pronouncements will have a significant effect on our financial statements.

Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2021

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 December 31, 2021 and September 30, 2021:


December 31, 2021	Active Markets for Identical Instruments (Level 1)		Fair Value as of December 31, 2021
	(In thousands)
Assets:
Cash equivalents (1)	$	194	$	194
Marketable securities (2)	33,926		33,926
Total	$	34,120	$	34,120

September 30, 2021	Active Markets for Identical Instruments (Level 1)		Fair Value as of September 30, 2021
	(In thousands)
Assets:
Cash equivalents (1)	$	194	$	194
Marketable securities (2)	31,884		31,884
Total	$	32,078	$	32,078

Derivative Financial Instruments (Tables)

3 Months Ended

Dec. 31, 2021

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 December 31, 2021 and September 30, 2021:


	December 31, 2021
	Contract Amount				Fair Value
	Foreign Currency		USD		USD
	(In thousands)
Sell foreign currency:

Euro (EUR)	EUR	15,900	$	18,044	$	—
Buy foreign currency:
British pound (GBP)	GBP	10,983	$	14,800	$	—
Singapore dollar (SGD)	SGD	7,405	$	5,500	$	—


	September 30, 2021
	Contract Amount				Fair Value
	Foreign Currency		USD		USD
	(In thousands)
Sell foreign currency:

Euro (EUR)	EUR	17,100	$	19,829	$	—
Buy foreign currency:
British pound (GBP)	GBP	11,467	$	15,400	$	—
Singapore dollar (SGD)	SGD	6,650	$	4,900	$	—

Losses on Derivative Financial Instruments


	Quarter Ended December 31,
	2021		2020
	(In thousands)
Gains on foreign currency forward contracts	$	562	$	1,686

Goodwill and Intangible Assets (Tables)

3 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Amortization Expense


	Quarter Ended December 31,
	2021		2020
	(In thousands)
Completed technology	$	125	$	322
Customer contracts and relationships	419		571

Non-compete agreements	—		44
Total	$	544	$	937

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated future intangible asset amortization expense associated with intangible assets existing at December 31, 2021 was as follows:


Year Ending September 30,	(In thousands)
2022 (excluding the quarter ended December 31, 2021)	$	1,541
2023	1,100
2024	917



Total	$	3,558

Schedule of Goodwill

The following table summarizes changes to goodwill during the quarter ended December 31, 2021, both in total and as allocated to our segments:


	Scores		Software		Total
	(In thousands)
Balance at September 30, 2021	$	146,648	$	641,537	$	788,185


Foreign currency translation adjustment	—		(926)		(926)

Balance at December 31, 2021	$	146,648	$	640,611	$	787,259

Composition of Certain Financial Statement Captions (Tables)

3 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Property and Equipment

The following table presents the composition of property and equipment, net and other assets at December 31, 2021 and September 30, 2021:


	December 31, 2021		September 30, 2021
	(In thousands)
Property and equipment, net:
Property and equipment	$	123,516	$	124,966
Less: accumulated depreciation and amortization	(98,919)		(97,053)
Total	$	24,597	$	27,913

Other assets:
Long-term receivables	$	30,297	$	37,452
Prepaid commissions	45,998		44,932
Other	11,690		13,201
Total	$	87,985	$	95,585

Senior Notes (Tables)

3 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Carrying Amounts and Fair Values of Senior Notes

The following table presents the face values and fair values for the Senior Notes at December 31, 2021 and September 30, 2021:


	December 31, 2021				September 30, 2021
	Face Value (*)		Fair Value		Face Value (*)		Fair Value
	(In thousands)
The 2018 Senior Notes	400,000		437,000		400,000		453,000
The 2019 Senior Notes and the 2021 Senior Notes	900,000		920,250		350,000		357,000
Total	$	1,300,000	$	1,357,250	$	750,000	$	810,000

(*) The carrying value of the Senior Notes was the face value reduced by the net debt issuance costs of $15.8 million and $9.0 million at December 31, 2021 and September 30, 2021, respectively.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 505
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Reference 5: http://www.xbrl.org/2003/role/exampleRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 835
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 505
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

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Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644

+ Details

Revenue from Contract with Customer (Tables)

3 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

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


	Quarter Ended December 31, 2021
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	165,712	$	99,185	$	264,897	82	%
Europe, Middle East and Africa	1,493		37,398		38,891		12	%
Asia Pacific	2,282		16,291		18,573		6	%
Total	$	169,487	$	152,874	$	322,361	100	%


	Quarter Ended December 31, 2020
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	140,713	$	108,024	$	248,737	79	%
Europe, Middle East and Africa	1,713		43,678		45,391		15	%
Asia Pacific	2,225		16,061		18,286		6	%
Total	$	144,651	$	167,763	$	312,414	100	%

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


	Quarter Ended December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
On-premises software	$	57,295	$	66,482	45	%	53	%
SaaS software	69,043		59,973		55	%	47	%
Total	$	126,338	$	126,455	100	%	100	%

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


	Quarter Ended December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
Platform software (*)	$	22,072	$	14,125	17	%	11	%
Non-platform software	104,266		112,330		83	%	89	%
Total	$	126,338	$	126,455	100	%	100	%

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


	Quarter Ended December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
Software recognized at a point time (1)	$	7,159	$	12,894	6	%	10	%
Software recognized over contract term (2)	119,179		113,561		94	%	90	%
Total	$	126,338	$	126,455	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 December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
Business-to-business Scores	$	112,968	$	100,144	67	%	69	%
Business-to-consumer Scores	56,519		44,507		33	%	31	%
Total	$	169,487	$	144,651	100	%	100	%

Schedule of Accounts, Notes, Loans and Financing Receivable

Receivables at December 31, 2021 and September 30, 2021 consisted of the following:


	December 31, 2021		September 30, 2021
	(In thousands)
Billed	$	138,608	$	198,305
Unbilled	156,132		155,408
	294,740		353,713
Less: allowance for doubtful accounts	(4,282)		(4,154)
Net receivables	290,458		349,559
Less: long-term receivables *	(30,297)		(37,452)
Short-term receivables *	$	260,161	$	312,107

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

Deferred Revenue, by Arrangement, Disclosure


	Quarter Ended December 31,
	2021		2020
	(In thousands)
Deferred revenues, beginning balance (*)	$	110,763	$	122,141
Revenue recognized that was included in the deferred revenues balance at the beginning of the period	(45,942)		(47,793)
Increases due to billings, excluding amounts recognized as revenue during the period	38,515		48,441
Deferred revenues, ending balance (*)	$	103,336	$	122,789

Stock-Based Employee Benefit Plans (Tables)

3 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Summary of Option Activity

The following table summarizes option activity during the quarter ended December 31, 2021:


	Shares	Weighted-average Exercise Price		Weighted-average Remaining Contractual Term	Aggregate Intrinsic Value
	(In thousands)			(In years)	(In thousands)
Outstanding at September 30, 2021	226	$	205.90
Granted	9	407.49
Exercised	(7)	72.06

Outstanding at December 31, 2021	228	$	218.30	3.44	$	50,094
Exercisable at December 31, 2021	179	$	183.75	2.94	$	45,033
Vested or expected to vest at December 31, 2021	226	$	216.50	3.42	$	50,006

Summary of Restricted Stock Unit Activity

The following table summarizes restricted stock unit activity during the quarter ended December 31, 2021:


	Shares	Weighted-average Grant-date Fair Value
	(In thousands)
Outstanding at September 30, 2021	517	$	335.16
Granted	184	407.25
Released	(210)	268.95
Forfeited	(24)	358.29
Outstanding at December 31, 2021	467	$	392.23

Summary of Performance Share Unit Activity

The following table summarizes performance share unit activity during the quarter ended December 31, 2021:


	Shares	Weighted-average Grant-date Fair Value
	(In thousands)
Outstanding at September 30, 2021	126	$	403.61
Granted	43	407.49
Released	(64)	344.62

Outstanding at December 31, 2021	105	$	440.93

Summary of Market Share Unit Activity

The following table summarizes market share unit activity during the quarter ended December 31, 2021:


	Shares	Weighted-average Grant-date Fair Value
	(In thousands)
Outstanding at September 30, 2021	63	$	541.42
Granted	50	493.66
Released	(19)	206.71

Outstanding at December 31, 2021	94	$	584.19

Earnings per Share (Tables)

3 Months Ended

Dec. 31, 2021

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 ended December 31, 2021 and 2020:


	Quarter Ended December 31,
	2021		2020
	(In thousands, except per share data)
Numerator for diluted and basic earnings per share:
Net income	$	84,959	$	86,492
Denominator - share:
Basic weighted-average shares	27,167		29,127
Effect of dilutive securities	357		662
Diluted weighted-average shares	27,524		29,789
Earnings per share:
Basic	$	3.13	$	2.97
Diluted	$	3.09	$	2.90

Segment Information (Tables)

3 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Summary of Segment Information

The following tables summarize segment information for the quarters ended December 31, 2021 and 2020:


	Quarter Ended December 31, 2021
	Scores		Software		Unallocated Corporate Expenses		Total
	(In thousands)
Segment revenues:
On-premises and SaaS software	$	—	$	126,338	$	—	$	126,338
Professional services	—		26,536		—		26,536
Scores	169,487		—		—		169,487
Total segment revenues	169,487		152,874		—		322,361
Segment operating expense	(21,984)		(118,581)		(35,788)		(176,353)
Segment operating income	$	147,503	$	34,293	$	(35,788)	146,008
Unallocated share-based compensation expense							(29,878)
Unallocated amortization expense							(544)


Operating income							115,586
Unallocated interest expense, net							(12,195)
Unallocated other income, net							1,429
Income before income taxes							$	104,820
Depreciation expense	$	192	$	3,877	$	29	$	4,098


	Quarter Ended December 31, 2020
	Scores		Software		Unallocated Corporate Expenses		Total
	(In thousands)
Segment revenues:
On-premises and SaaS software	$	—	$	126,455	$	—	$	126,455
Professional services	—		41,308		—		41,308
Scores	144,651		—		—		144,651
Total segment revenues	144,651		167,763		—		312,414
Segment operating expense	(21,626)		(147,079)		(30,253)		(198,958)
Segment operating income	$	123,025	$	20,684	$	(30,253)	113,456
Unallocated share-based compensation expense							(25,132)
Unallocated amortization expense							(937)
Unallocated gains on product line asset sales and business divestiture							7,334
Operating income							94,721
Unallocated interest expense, net							(9,641)
Unallocated other income, net							2,880
Income before income taxes							$	87,960
Depreciation expense	$	194	$	5,358	$	33	$	5,585

Disaggregation of Revenue

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


	Quarter Ended December 31, 2021
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	165,712	$	99,185	$	264,897	82	%
Europe, Middle East and Africa	1,493		37,398		38,891		12	%
Asia Pacific	2,282		16,291		18,573		6	%
Total	$	169,487	$	152,874	$	322,361	100	%


	Quarter Ended December 31, 2020
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	140,713	$	108,024	$	248,737	79	%
Europe, Middle East and Africa	1,713		43,678		45,391		15	%
Asia Pacific	2,225		16,061		18,286		6	%
Total	$	144,651	$	167,763	$	312,414	100	%

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


	Quarter Ended December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
On-premises software	$	57,295	$	66,482	45	%	53	%
SaaS software	69,043		59,973		55	%	47	%
Total	$	126,338	$	126,455	100	%	100	%

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


	Quarter Ended December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
Platform software (*)	$	22,072	$	14,125	17	%	11	%
Non-platform software	104,266		112,330		83	%	89	%
Total	$	126,338	$	126,455	100	%	100	%

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


	Quarter Ended December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
Software recognized at a point time (1)	$	7,159	$	12,894	6	%	10	%
Software recognized over contract term (2)	119,179		113,561		94	%	90	%
Total	$	126,338	$	126,455	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 December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
Business-to-business Scores	$	112,968	$	100,144	67	%	69	%
Business-to-consumer Scores	56,519		44,507		33	%	31	%
Total	$	169,487	$	144,651	100	%	100	%

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

Dec. 31, 2021

Sep. 30, 2021

Assets:

Marketable securities

$ 33,926

$ 31,884

Cash deposits

162,000

195,200

Fair Value, Measurements, Recurring

Assets:

Cash equivalents

^[1]

194

Marketable securities

^[2]

33,926

31,884

Total

34,120

32,078

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

Assets:

Cash equivalents

^[1]

194

Marketable securities

^[2]

33,926

31,884

Total

$ 34,120

$ 32,078

[1]	Included in cash and cash equivalents on our condensed consolidated balance sheets at December 31, 2021 and September 30, 2021. Not included in these tables are cash deposits of $162.0 million and $195.2 million at December 31, 2021 and September 30, 2021, 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 December 31, 2021 and September 30, 2021.

Derivative Financial Instruments - Additional Information (Detail) - USD ($)	3 Months Ended
	Dec. 31, 2021	Sep. 30, 2021
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

Derivative Financial Instruments - Summary of Outstanding Forward Foreign Currency Contracts by Currency (Detail) € in Thousands, £ in Thousands, $ in Thousands, $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2021 EUR (€)	Dec. 31, 2021 GBP (£)	Dec. 31, 2021 SGD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2021 EUR (€)	Sep. 30, 2021 GBP (£)	Sep. 30, 2021 SGD ($)
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	18,044	€ 15,900			19,829	€ 17,100
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	14,800		£ 10,983		15,400		£ 11,467
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	$ 5,500			$ 7,405	$ 4,900			$ 6,650

Derivative Financial Instruments - Gains (Losses) on Derivative Financial Instruments Recorded in Consolidated Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Foreign currency forward contracts
Derivative [Line Items]
Gains on foreign currency forward contracts	$ 562	$ 1,686

Goodwill and Intangible Assets - Amortization Expense Associated with Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 544	$ 937
Completed Technology
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	125	322
Customer Contracts
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	419	571
Noncompete Agreements
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 0	$ 44

Goodwill and Intangible Assets - Estimated Future Intangible Asset Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
Estimated future intangible asset amortization expense
2022 (excluding the quarter ended December 31, 2021)	$ 1,541
2023	1,100
2024	917
Total	$ 3,558	$ 4,099

Goodwill and Intangible Assets - Summary of Changes to Goodwill (Detail) $ in Thousands	3 Months Ended
	Dec. 31, 2021 USD ($)
Goodwill [Roll Forward]
Balance at September 30, 2021	$ 788,185
Foreign currency translation adjustment	(926)
Balance at December 31, 2021	787,259
Scores
Goodwill [Roll Forward]
Balance at September 30, 2021	146,648
Foreign currency translation adjustment	0
Balance at December 31, 2021	146,648
Software
Goodwill [Roll Forward]
Balance at September 30, 2021	641,537
Foreign currency translation adjustment	(926)
Balance at December 31, 2021	$ 640,611

Composition of Certain Financial Statement Captions - Property and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Property and equipment	$ 123,516	$ 124,966
Less: accumulated depreciation and amortization	(98,919)	(97,053)
Total	24,597	27,913
Long-term receivables	30,297	37,452
Prepaid commissions	45,998	44,932
Other	11,690	13,201
Other assets	$ 87,985	$ 95,585

Revolving Line of Credit (Detail)	Oct. 20, 2021 USD ($)	May 08, 2018 USD ($)	Dec. 31, 2021 USD ($)
Line of Credit Facility [Line Items]
Unsecured revolving line of credit	$ 900,000,000	$ 600,000,000
Revolving credit facility, expiration date		Aug. 19, 2026
Credit facility restrictive covenant, maximum consolidated leverage ratio		3.50
Credit facility restrictive covenant, maximum consolidated leverage ratio step up		4.00
Interest coverage ratio		3.00
Installment payments	3,750,000
Borrowings outstanding	$ 300,000,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Borrowings outstanding			$ 50,000,000
Interest rate of borrowings outstanding			1.352%
Secured Debt
Line of Credit Facility [Line Items]
Interest rate of borrowings outstanding			1.354%
Loans Payable			$ 300,000,000
Loans Payable, Noncurrent			$ 285,000,000
Federal Fund Rate
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate		0.50%
LIBOR
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate		1.00%
LIBOR \| Minimum
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate		1.00%
LIBOR \| Maximum
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate		1.75%
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%

Senior Notes (Detail) - USD ($)	Dec. 17, 2021	Dec. 06, 2019	May 08, 2018	Dec. 31, 2021	Sep. 30, 2021
Debt Instrument [Line Items]
Carrying value of Senior Notes				$ 1,300,000,000	$ 750,000,000
Fair value of Senior Notes				1,357,250,000	810,000,000
Senior Notes
Debt Instrument [Line Items]
Debt issuance costs				15,800,000	9,000,000
May 2018 Senior Notes
Debt Instrument [Line Items]
Senior Notes issued in a private placement to a group of institutional investors			$ 400,000,000
Carrying value of Senior Notes				400,000,000	400,000,000
Fair value of Senior Notes				437,000,000	453,000,000
Debt instrument, maturity date			May 15, 2026
Debt Instrument, Interest Rate, Stated Percentage			5.25%
Dec 2019 Senior Notes
Debt Instrument [Line Items]
Carrying value of Senior Notes				900,000,000	350,000,000
Fair value of Senior Notes				$ 920,250,000	$ 357,000,000
Senior Notes December Twenty one
Debt Instrument [Line Items]
Senior Notes issued in a private placement to a group of institutional investors	$ 550,000,000
Debt instrument, maturity date	Jun. 15, 2028
Debt Instrument, Interest Rate, Stated Percentage	4.00%
Senior Notes 2019
Debt Instrument [Line Items]
Senior Notes issued in a private placement to a group of institutional investors		$ 350,000,000
Debt instrument, maturity date		Jun. 15, 2028
Debt Instrument, Interest Rate, Stated Percentage		4.00%

Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Total revenues	$ 322,361	$ 312,414
Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	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%
Revenue from Contract with Customer Benchmark [Member] \| Customer Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Number of Customers	2	2
Revenue from Contract with Customer Benchmark [Member] \| Customer Concentration Risk \| TransUnion, Equifax and Experian customers
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	38.00%	34.00%
On-premises and SaaS software
Disaggregation of Revenue [Line Items]
Total revenues	$ 126,338	$ 126,455
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%
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	6.00%	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	94.00%	90.00%
On-Premises \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	45.00%	53.00%
SaaS Products \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	55.00%	47.00%
Platform software \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	17.00%	11.00%
Non-platform software \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	83.00%	89.00%
Americas
Disaggregation of Revenue [Line Items]
Total revenues	$ 264,897	$ 248,737
Americas \| Revenue from Contract with Customer Benchmark [Member] \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	82.00%	79.00%
EMEA [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 38,891	$ 45,391
EMEA [Member] \| Revenue from Contract with Customer Benchmark [Member] \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	12.00%	15.00%
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 18,573	$ 18,286
Asia Pacific [Member] \| Revenue from Contract with Customer Benchmark [Member] \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	6.00%	6.00%
Scores
Disaggregation of Revenue [Line Items]
Total revenues	$ 169,487	$ 144,651
Scores \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	100.00%	100.00%
Scores \| Business to business Scores
Disaggregation of Revenue [Line Items]
Total revenues	$ 112,968	$ 100,144
Scores \| Business to business Scores \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	67.00%	69.00%
Scores \| Business to consumer Scores
Disaggregation of Revenue [Line Items]
Total revenues	$ 56,519	$ 44,507
Scores \| Business to consumer Scores \| Revenue from Contract with Customer Benchmark [Member] \| Product Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	33.00%	31.00%
Scores \| Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	$ 169,487	$ 144,651
Scores \| Operating Segments \| On-premises and SaaS software
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Scores \| Americas
Disaggregation of Revenue [Line Items]
Total revenues	165,712	140,713
Scores \| EMEA [Member]
Disaggregation of Revenue [Line Items]
Total revenues	1,493	1,713
Scores \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Total revenues	2,282	2,225
Software
Disaggregation of Revenue [Line Items]
Total revenues	152,874	167,763
Software \| On-premises and SaaS software
Disaggregation of Revenue [Line Items]
Total revenues	126,338	126,455
Software \| On-premises and SaaS software \| Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Total revenues	7,159	12,894
Software \| On-premises and SaaS software \| Transferred over Time
Disaggregation of Revenue [Line Items]
Total revenues	119,179	113,561
Software \| On-Premises
Disaggregation of Revenue [Line Items]
Total revenues	57,295	66,482
Software \| SaaS Products
Disaggregation of Revenue [Line Items]
Total revenues	69,043	59,973
Software \| Platform software
Disaggregation of Revenue [Line Items]
Total revenues	22,072	14,125
Software \| Non-platform software
Disaggregation of Revenue [Line Items]
Total revenues	104,266	112,330
Software \| Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	152,874	167,763
Software \| Operating Segments \| On-premises and SaaS software
Disaggregation of Revenue [Line Items]
Total revenues	126,338	126,455
Software \| Americas
Disaggregation of Revenue [Line Items]
Total revenues	99,185	108,024
Software \| EMEA [Member]
Disaggregation of Revenue [Line Items]
Total revenues	37,398	43,678
Software \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 16,291	$ 16,061

Contract Balance - Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Billed	$ 138,608	$ 198,305
Unbilled	156,132	155,408
Receivables Gross	294,740	353,713
Less: allowance for doubtful accounts	(4,282)	(4,154)
Accounts Receivable, after Allowance for Credit Loss	290,458	349,559
Less: long-term receivables	(30,297)	(37,452)
Accounts receivable, net	$ 260,161	$ 312,107

Contract Balance - Deferred Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	$ 103,336	$ 122,789	$ 110,763	$ 122,141
Revenue recognized that was included in the deferred revenues balance at the beginning of the period	(45,942)	(47,793)
Increases due to billings, excluding amounts recognized as revenue during the period	38,515	$ 48,441
Deferred revenue, current portion	98,400		105,400
Deferred revenue, noncurrent	$ 4,900		$ 5,400

Contract Balances - Payment Terms (Details)	3 Months Ended
Contract Balances - Payment Terms (Details)	Dec. 31, 2021
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

Performance Obligation (Details) - USD ($) $ in Millions	Dec. 31, 2021	Sep. 30, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 270.6	$ 289.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
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

Income Taxes -Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate	18.90%	1.70%
Unrecognized tax benefits, uncertain tax positions	$ 11.8		$ 10.9
Unrecognized tax benefits, accrued interest	$ 0.5		$ 0.4

Stock-Based Employee Benefit Plans - Additional Information (Details) shares in Thousands	3 Months Ended
	Dec. 31, 2021 shares
Employee stock option \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option awards term	10 years
Restricted stock units not subject to market or performance conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	4 years
Restricted stock units subject to market or performance conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized shares of common stock for grant under stock plan (in shares)	1,000
ESPP, percentage of salary withheld through payroll deductions to purchase FICO common stock	15.00%
ESPP, purchase price of the stock as a percentage of fair market value on the exercise date	85.00%

Stock-Based Employee Benefit Plans - Summary of Option Activity (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2021 USD ($) $ / shares shares
Shares
Outstanding at September 30, 2021 (in shares) \| shares	226,000
Granted (in shares) \| shares	9,000
Exercised (in dollars per share) \| $ / shares	$ 72.06
Exercised (in shares) \| shares	(7,000)
Outstanding at December 31, 2021 (in shares) \| shares	228,000
Options, Exercisable at December 31, 2021, in Shares \| shares	179,000
Vested and expected to vest at December 31, 2021 (in shares) \| shares	226,000
Weighted-average Exercise Price
Outstanding at September 30, 2021 (in dollars per share) \| $ / shares	$ 205.90
Granted (in dollars per share) \| $ / shares	407.49
Outstanding at December 31, 2021 (in dollars per share) \| $ / shares	218.30
Exercisable at December 31, 2020 (in dollars per share) \| $ / shares	183.75
Vested and expected to vest at December 31, 2020 (in dollars per share) \| $ / shares	$ 216.50
Weighted-average Remaining Contractual Term
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	3 years 5 months 8 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term	2 years 11 months 8 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	3 years 5 months 1 day
Aggregate Intrinsic Value
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value \| $	$ 50,094
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value \| $	45,033
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value \| $	$ 50,006

Stock-Based Employee Benefit Plans - Summary of Restricted Stock Unit Activity (Details) shares in Thousands	3 Months Ended
	Dec. 31, 2021 $ / shares shares
Shares
Granted (in shares) \| shares	184
Released (in shares) \| shares	(210)
Forfeited (in shares) \| shares	(24)
Outstanding at December 31, 2021 (in shares) \| shares	467
Weighted-average Grant-date Fair Value
Outstanding at September 30, 2021 (in dollars per share) \| $ / shares	$ 335.16
Granted (in dollars per share) \| $ / shares	407.25
Released (in dollars per share) \| $ / shares	268.95
Forfeited (in dollars per share) \| $ / shares	358.29
Outstanding at December 31, 2021 (in dollars per share) \| $ / shares	$ 392.23
Restricted Stock Units
Shares
Outstanding at September 30, 2021 (in shares) \| shares	517

Stock-Based Employee Benefit Plans - Summary of Performance Share Unit and Market Share Unit Activity (Details) shares in Thousands	3 Months Ended
	Dec. 31, 2021 $ / shares shares
Shares
Granted (in shares) \| shares	184
Released (in shares) \| shares	(210)
Forfeited (in shares) \| shares	(24)
Outstanding at December 31, 2021 (in shares) \| shares	467
Weighted- average Grant-date Fair Value
Outstanding at September 30, 2021 (in dollars per share)	$ 335.16
Granted (in dollars per share)	407.25
Released (in dollars per share)	268.95
Forfeited (in dollars per share)	358.29
Outstanding at December 31, 2021 (in dollars per share)	$ 392.23
Performance Share Units
Shares
Outstanding at September 30, 2021 (in shares) \| shares	126
Granted (in shares) \| shares	43
Released (in shares) \| shares	(64)
Outstanding at December 31, 2021 (in shares) \| shares	105
Weighted- average Grant-date Fair Value
Outstanding at September 30, 2021 (in dollars per share)	$ 403.61
Granted (in dollars per share)	407.49
Released (in dollars per share)	344.62
Outstanding at December 31, 2021 (in dollars per share)	$ 440.93
Market Share Units
Shares
Outstanding at September 30, 2021 (in shares) \| shares	63
Granted (in shares) \| shares	50
Released (in shares) \| shares	(19)
Outstanding at December 31, 2021 (in shares) \| shares	94
Weighted- average Grant-date Fair Value
Outstanding at September 30, 2021 (in dollars per share)	$ 541.42
Granted (in dollars per share)	493.66
Released (in dollars per share)	206.71
Outstanding at December 31, 2021 (in dollars per share)	$ 584.19

Stock-Based Employee Benefit Plans - Summary of Employee Stock Purchase Plan (Details) shares in Thousands	3 Months Ended
	Dec. 31, 2021 shares
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued during the period	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
	Dec. 31, 2021	Dec. 31, 2020
Numerator for diluted and basic earnings per share:
Net income	$ 84,959	$ 86,492
Denominator - share:
Basic weighted-average shares (in shares)	27,167	29,127
Effect of dilutive securities (in shares)	357	662
Diluted weighted-average shares (in shares)	27,524	29,789
Earnings per share:
Basic (in dollars per share)	$ 3.13	$ 2.97
Diluted (in dollars per share)	$ 3.09	$ 2.90

- 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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+ 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.

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+ Details

- 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

Segment Information - Additional Information (Detail)	3 Months Ended
Segment Information - Additional Information (Detail)	Dec. 31, 2021 Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Information - Summary of Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Segment revenues:
Total revenues	$ 322,361	$ 312,414
Segment operating expense	(206,775)	(217,693)
Operating income	115,586	94,721
Unallocated share-based compensation expense	(29,878)	(25,132)
Unallocated amortization expense	(544)	(937)
Unallocated interest expense	(12,195)	(9,641)
Unallocated other income, net	1,429	2,880
Income before income taxes	104,820	87,960
Depreciation expense	4,098	5,585
Gains on product line asset sales and business divestiture	0	7,334
Operating Segments
Segment revenues:
Segment operating expense	(176,353)	(198,958)
Operating income	146,008	113,456
Unallocated Corporate Expenses
Segment revenues:
Segment operating expense	(35,788)	(30,253)
Operating income	(35,788)	(30,253)
Depreciation expense	29	33
Scores
Segment revenues:
Total revenues	169,487	144,651
Scores \| Operating Segments
Segment revenues:
Total revenues	169,487	144,651
Segment operating expense	(21,984)	(21,626)
Operating income	147,503	123,025
Depreciation expense	192	194
Software
Segment revenues:
Total revenues	152,874	167,763
Software \| Operating Segments
Segment revenues:
Total revenues	152,874	167,763
Segment operating expense	(118,581)	(147,079)
Operating income	34,293	20,684
Depreciation expense	3,877	5,358
Professional services
Segment revenues:
Total revenues	26,536	41,308
Professional services \| Scores \| Operating Segments
Segment revenues:
Total revenues	0	0
Professional services \| Software \| Operating Segments
Segment revenues:
Total revenues	26,536	41,308
On-premises and SaaS software
Segment revenues:
Total revenues	126,338	126,455
On-premises and SaaS software \| Scores \| Operating Segments
Segment revenues:
Total revenues	0	0
On-premises and SaaS software \| Software
Segment revenues:
Total revenues	126,338	126,455
On-premises and SaaS software \| Software \| Operating Segments
Segment revenues:
Total revenues	126,338	126,455
Scores
Segment revenues:
Total revenues	169,487	144,651
Scores \| Scores \| Operating Segments
Segment revenues:
Total revenues	169,487	144,651
Scores \| Software \| Operating Segments
Segment revenues:
Total revenues	$ 0	$ 0

Subsequent Events (Details) $ in Millions	Jan. 31, 2022 USD ($)
Subsequent Event
Subsequent Event [Line Items]
Stock repurchase program, authorized amount	$ 500.0