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Stock-Based Employee Benefit Plans (Tables)

12 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Assumptions Used to Estimate Fair Value of Stock Options

We used the following assumptions to estimate the fair value of our stock options during fiscal 2023, 2022 and 2021:

			Year Ended September 30,
			2023												2022												2021
Stock Options:
Weighted-average expected term (years)									5.23												4.43												4.47
Expected volatility (range)			33.4			-			35.5		%				32.9			-			34.1		%				33.6			-			34.4		%
Weighted-average volatility									33.5		%										33.2		%										33.9		%
Risk-free interest rate (range)			3.40			-			4.49		%				1.18			-			2.85		%				0.29			-			0.73		%
Weighted-average expected dividend yield									—		%										—		%										—		%

Summary of Option Activity

The following table summarizes option activity during fiscal 2023: 

			Shares						Weighted- average Exercise Price						Weighted- average Remaining Contractual Term						Aggregate Intrinsic Value
			(In thousands)												(In years)						(In thousands)
Outstanding at September 30, 2022			209						$	247.56
Granted			58						779.98
Exercised			(38)						214.00
Forfeited			(2)						390.14
Outstanding at September 30, 2023			227						$	387.95					3.55						$	109,242
Exercisable at September 30, 2023			153						$	236.84					2.30						$	96,648
Vested or expected to vest at September 30, 2023			221						$	377.24					3.46						$	108,544

Summary of Restricted Stock Unit and Market Stock Unit Activity

The following table summarizes the RSUs activity during fiscal 2023: 

			Shares						Weighted-average Grant-date Fair Value
			(In thousands)
Outstanding at September 30, 2022			415						$	398.07
Granted			167						620.51
Released			(162)						356.97
Forfeited			(44)						449.89
Outstanding at September 30, 2023			376						$	508.23

The following table summarizes the MSUs activity during fiscal 2023:

			Shares						Weighted- average Grant-date Fair Value
			(In thousands)
Outstanding at September 30, 2022			92						$	586.91
Granted			77						822.96
Released			(68)						502.41
Forfeited			(14)						715.94
Outstanding at September 30, 2023			87						$	844.24

Summary of Performance Stock Unit Activity

The following table summarizes the PSUs activity during fiscal 2023: 

			Shares						Weighted- average Grant-date Fair Value
			(In thousands)
Outstanding at September 30, 2022			144						$	432.73
Granted			57						615.45
Released			(66)						428.90
Forfeited			(20)						465.25
Outstanding at September 30, 2023			115						$	519.54

Assumptions Used to Estimate Fair Value of Market Stock Units

We used the following assumptions to estimate the fair value of our MSUs during fiscal 2023, 2022 and 2021:

			Year Ended September 30,
			2023									2022									2021
Expected volatility in FICO’s stock price			47.3			%						42.3			%						41.3			%
Expected volatility in Russell 3000 Index			26.0			%						23.3			%						23.7			%
Correlation between FICO and the Russell 3000 Index			73.5			%						74.7			%						77.5			%
Risk-free interest rate			4.02			%						0.97			%						0.20			%
Average expected dividend yield			—			%						—			%						—			%

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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