HIGHBuilt-inCustomer
92%
financial services
“10-K Item 1: 'Our largest market segment is financial services, representing 92% of our total revenue during fiscal 2026.'”
FICO · Concentration risk · 10-K extracted
Fair Isaac (FICO) concentration risks
Updated
The most significant concentration Fair Isaac discloses is financial services at 92%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Source: Fair Isaac’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH3
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inGeographic
89%
Americas
“10-K Item 1: 'Our largest geographic market is the Americas, representing 89% of our total revenue during fiscal 2026.'”
HIGHOutside partyCustomer
60%
Experian, TransUnion and Equifax
“10-K Item 1: 'During fiscal 2026, 2025 and 2024, revenues generated from our agreements with Experian, TransUnion and Equifax collectively accounted for 60%, 51% and 45% of our total revenues, respectively'”
MEDIUMBuilt-inProduct / Revenue mix
U.S. mortgage market
“10-K Item 1A: 'A significant portion of our revenues in our Scores segment is attributable to the U.S. mortgage market.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-11-08Fair Isaac's concentrations are large and mostly structural, with one dependency that matters most. Financial services is the largest market segment at 92% of total revenue, and the Americas is the largest geographic market at 89%. Both are high-share exposures that describe where the franchise sells rather than a risk any single counterparty controls. The U.S. mortgage market adds a medium-share structural layer, since a significant portion of Scores segment revenues is attributable to it. The idiosyncratic exposure is the three credit bureaus. Revenues from agreements with Experian, TransUnion and Equifax collectively accounted for 60% of total revenues, compared with 51% in the prior year, a high-share dependency whose weight has been rising. Because these counterparties are also the distribution channel for the scores, any change in their terms or behavior could move results directly. Together, the segment, geography and mortgage exposures are overlapping views of one U.S. credit-driven business, so they amplify rather than diversify each other. The bureau relationship is the lever most likely to move the verdict. All of this is disclosed in the most recent 10-K.
For the engine’s reasoning on FICO’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Software - Application
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| FICO● | Fair Isaac Corporation | 3 | 1 | 0 | 4 |
| ADSK | Autodesk, Inc. | 1 | 1 | 1 | 3 |
| ADEA | Adeia Inc. | 1 | 0 | 0 | 1 |
| AGYS | Agilysys, Inc. | 0 | 2 | 0 | 2 |
| ADBE | Adobe Inc. | 0 | 0 | 0 | 0 |
| ADP | Automatic Data Processing, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.