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Pay vs Performance Disclosure
 12 Months Ended
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
PAY VERSUS
PERFORMANCE
In accordance with Item 402(v) of Regulation
S-K,
we are providing the following information regarding the relationship between the compensation of our CEO (or Principal Executive Officer (“PEO”)) and other named executive officers
(“Non-PEO
NEOs”), and certain financial performance measures of the Company for the fiscal years ended September 30, 2024, September 30, 2023, September 30, 2022, and September 30, 2021. For further information on the LDCC’s
“pay-for-performance”
philosophy and how executive compensation aligns with the Company’s performance, refer to the Compensation Discussion and Analysis section of this proxy statement.
 
 
 
$                        $                        $                        $                        $                        $                        $                        $                       
Fiscal
Year
   
Summary

Compensation
Table Total
for
PEO
(1&2)

($)
     
Compensation
Actually Paid
to PEO
(1&3)

($)
     
Average
Summary
Compensation
Table Total
for
Non-PEO

NEOs
(1&2)

($)
     
Average
Compensation
Actually
Paid
to
Non-PEO

NEOs
($)
(1&3)
     
Value of
Initial Fixed
$100
Investment
Based on
Total
Shareholder
Return
($)
(4)
     
Value of
Initial Fixed
$100
Investment
Based on
Peer Group
Total
Shareholder
Return
($)
(4)
     
Net Income
($ millions)
(5)
     
FICO
TSR
Relative
to
Russell
3000
TSR
(6)
  
2024
   
 
35,321,363
 
   
 
267,804,394
 
   
 
7,765,190
 
   
 
38,261,079
 
   
 
456.90
 
   
 
132.28
 
   
 
512.8
 
   
 
123.78%
 
2023
   
 
66,349,962
 
   
 
155,154,377
 
   
 
7,236,681
 
   
 
20,278,836
 
   
 
204.18
 
   
 
109.39
 
   
 
429.4
 
   
 
92.30%
 
2022
   
 
18,913,781
 
   
 
29,544,755
 
   
 
7,033,248
 
   
 
10,705,303
 
   
 
96.86
 
   
 
75.34
 
   
 
373.5
 
   
 
22.37%
 
2021
   
 
19,429,745
 
   
 
18,445,604
 
   
 
7,034,096
 
   
 
5,948,897
 
   
 
93.55
 
   
 
121.98
 
   
 
392.1
 
   
 
-36.51%
 
 
(1)
 
NEOs included in these columns reflect the following:
 
Year
   
PEO
   
Non-PEO
NEOs
2024
   
Mr. Lansing  
   
Mr. Weber, Mr. Deal, Mr. Scadina, and Mr. Wehmann
2023
   
Mr. Lansing  
   
Mr. Weber, Ms. Covert, Mr. Scadina, Mr. Wehmann, and Mr. McLaughlin
2022
   
Mr. Lansing  
   
Mr. McLaughlin, Ms. Covert, Mr. Scadina, Mr. Wehmann, and Mr. Moldt
2021
   
Mr. Lansing  
   
Mr. McLaughlin, Ms. Covert, Mr. Wehmann, and Mr. Moldt
 
(2)
 
Amounts reflect the total compensation for our PEO, and the average total compensation of our
Non-PEO
NEOs, as reported in the Summary Compensation Table for each applicable fiscal year.
 
(3)
 
The amounts shown for “Compensation Actually Paid” have been calculated in accordance with Item 402(v) and do not reflect compensation actually earned, realized or received by the Company’s PEO and
Non-PEO
NEOs. In accordance with Item 402(v) requirements, the fair values of unvested and outstanding equity awards were remeasured as of the end of each fiscal year, and as of each vesting date, during the fiscal years displayed in the tables below. For MSUs with a relative total shareholder return (“TSR”) metric, the fair values as of each measurement date (prior to the end of the performance period) were determined using a Monte Carlo simulation pricing model, with assumptions and methodologies that are generally consistent with those used to estimate the fair value of the awards at grant under U.S. GAAP. The range of estimates used in the Monte Carlo calculations are as follows:
(i) for fiscal 2024, expected volatility between 36.4% - 40.9% and risk-free interest rate between
3.58
% - 4.87%;
(ii) for fiscal 2023, expected volatility between 36.6% - 41.1% and risk-free interest rate between 4.53% - 5.49%;
(iii) for fiscal 2022, expected volatility 44.2% and risk-free interest rate between 3.20% - 4.19%; and
(iv) for fiscal 2021, expected volatility 42.7% and risk-
free
interest rate between 0.05% - 0.32%.
For PSUs, which have metrics related to Adjusted Revenue and Adjusted EBITDA, the fair values reflect the probable outcome of the performance vesting conditions as of each measurement date.
For a discussion of the assumptions made in the valuation of these awards at grant, see Note 12 to the Consolidated Financial Statements included in our Annual Report on
Form 10-K
filed with the SEC on November 6, 2024. For each fiscal year reflected, the “Compensation Actually Paid” to the PEO and the average “Compensation Actually Paid” to the
Non-PEO
NEOs reflect the following adjustments made to the total compensation amounts reported in the Summary Compensation Table for each applicable fiscal year, computed in accordance with Item 402(v) of
Regulation S-K.
None of our NEOs participate in a pension plan; therefore, no adjustment from the Summary Compensation Table total related to pension value was made.
 
     
PEO
  
  
 
   
Fiscal
2024
($)
     
Fiscal
2023
($)
     
Fiscal
2022

($)
     
Fiscal
2021
($)
  
Summary Compensation Table Total for PEO
   
 
35,321,363
 
   
 
66,349,962
 
   
 
18,913,781
 
   
 
19,429,745
 
Less: Grant Date Fair Value of Stock Awards Granted in Covered Fiscal Year
      (33,311,064)        (48,996,329)        (16,942,011)        (17,458,576)  
Less: Grant Date Fair Value of Option Awards Granted in Covered Fiscal Year
      —        (15,347,003)        —        —  
Add: Fair Value at Covered Fiscal
Year-End
of Outstanding Unvested Awards Granted in Covered Fiscal Year
      79,637,186        96,247,570        23,898,368        14,491,303  
Add: Fair Value at Vesting of Awards Granted in Covered Fiscal Year that Vested During Covered Fiscal Year
      —        —        —        —  
Add/Subtract: Change in Fair Value from End of Prior Fiscal Year to End of Covered Fiscal Year of Awards Granted in Prior Fiscal Years That Were Unvested at End of Covered Fiscal Year
      167,553,343        39,425,963        3,472,867        (5,508,726)  
Add: Change in Fair Value from End of Prior Fiscal Year to Vesting Date of Awards Granted in Prior Fiscal Years For Which All Applicable Vesting Conditions Were Satisfied During Covered Fiscal Year
      18,603,564        17,474,214        201,749        7,491,858  
Less: Fair Value as of Prior Fiscal
Year-End
of Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Covered Fiscal Year
      —        —        —        —  
Add: Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Total Compensation for Covered Fiscal Year
      —        —        —        —  
Compensation Actually Paid for PEO
   
 
267,804,394
 
   
 
155,154,377
 
   
 
29,544,755
 
   
 
18,445,604
 
 
     
NON-PEO
NEOS
  
     
Fiscal
2024
($)
     
Fiscal
2023
($)
     
Fiscal
2022
($)
     
Fiscal
2021
($)
  
Average of Summary Compensation Table Total for
Non-PEO
NEOs
   
 
7,765,190
 
   
 
7,236,681
 
   
 
7,033,248
 
   
 
7,034,096
 
Less: Grant Date Fair Value of Stock Awards Granted in Covered Fiscal Year
      (6,996,111)        (6,578,189)        (6,293,097)        (6,235,329)  
Less: Grant Date Fair Value of Option Awards Granted in Covered Fiscal Year
      —        —        —        —  
Add: Fair Value at Covered Fiscal
Year-End
of Outstanding Unvested Awards Granted in Covered Fiscal Year
      16,725,693        9,468,316        8,877,029        5,175,567  
Add: Fair Value at Vesting of Awards Granted in Covered Fiscal Year That Vested During Covered Fiscal Year
      —        —        —        —  
Add/Subtract: Change in Fair Value from End of Prior Fiscal Year to End of Covered Fiscal Year of Awards Granted in Prior Fiscal Years That Were Unvested at End of Covered Fiscal Year
      16,499,239        8,481,736        944,482        (869,504)  
Add: Change in Fair Value from End of Prior Fiscal Year to Vesting Date of Awards Granted in Prior Fiscal Years For Which All Applicable Vesting Conditions Were Satisfied During Covered Fiscal Year
      4,267,068        3,371,020        143,642        844,067  
Less: Fair Value as of Prior Fiscal
Year-End
of Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Covered Fiscal Year
      —        (1,701,020)        —        —  
Add: Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Total Compensation for Covered Fiscal Year
      —        —        —        —  
Average Compensation Actually Paid for
Non-PEO
NEOs
   
 
38,261,079
 
   
 
20,278,836
 
   
 
10,705,303
 
   
 
5,948,897
 
 
(4)
 
The Company’s TSR and the Company’s Peer Group TSR reflected in these columns for each applicable fiscal year is calculated based on a fixed investment of $100 on September 30, 2020, including reinvestment of any dividends, through and including the end of each fiscal year shown in the table. The Peer Group used to determine the Company’s Peer Group TSR is the S&P 500 Application Software Index, which is the industry index used in the stock price performance graph in our Annual Report on Form
10-K
for the fiscal year ended September 30, 2024, pursuant to Item 201(e) of Regulation
S-K.
 
(5)
 
Amounts reflect our net income as reported in our audited financial statements for the applicable fiscal year.
 
(6)
 
Reflects relative TSR vs. the Russell 3000 Index. We determined relative TSR to be the most important financial performance measure (that is not otherwise required to be disclosed in the table) used to link Company performance to “Compensation Actually Paid” to our PEO and
Non-PEO
NEOs in fiscal 2024. Relative TSR is the financial metric used in our MSU awards. This performance measure may not have been the most important financial performance measure in past years, and we may determine a different financial performance measure to be the most important financial performance measure in future years. Relative TSR is equal to FICO TSR over each
one-year
period less the TSR of the Russell 3000 Index.
     
Company Selected Measure Name FICO TSR Relative to Russell 3000 TSR      
Named Executive Officers, Footnote
(1)
 
NEOs included in these columns reflect the following:
 
Year
   
PEO
   
Non-PEO
NEOs
2024
   
Mr. Lansing  
   
Mr. Weber, Mr. Deal, Mr. Scadina, and Mr. Wehmann
2023
   
Mr. Lansing  
   
Mr. Weber, Ms. Covert, Mr. Scadina, Mr. Wehmann, and Mr. McLaughlin
2022
   
Mr. Lansing  
   
Mr. McLaughlin, Ms. Covert, Mr. Scadina, Mr. Wehmann, and Mr. Moldt
2021
   
Mr. Lansing  
   
Mr. McLaughlin, Ms. Covert, Mr. Wehmann, and Mr. Moldt
      
Peer Group Issuers, Footnote The Company’s TSR and the Company’s Peer Group TSR reflected in these columns for each applicable fiscal year is calculated based on a fixed investment of $100 on September 30, 2020, including reinvestment of any dividends, through and including the end of each fiscal year shown in the table. The Peer Group used to determine the Company’s Peer Group TSR is the S&P 500 Application Software Index, which is the industry index used in the stock price performance graph in our Annual Report on Form
10-K
for the fiscal year ended September 30, 2024, pursuant to Item 201(e) of Regulation
S-K.
      
PEO Total Compensation Amount $ 35,321,363 $ 66,349,962 $ 18,913,781 $ 19,429,745
PEO Actually Paid Compensation Amount $ 267,804,394 155,154,377 29,544,755 18,445,604
Adjustment To PEO Compensation, Footnote
     
PEO
  
  
 
   
Fiscal
2024
($)
     
Fiscal
2023
($)
     
Fiscal
2022

($)
     
Fiscal
2021
($)
  
Summary Compensation Table Total for PEO
   
 
35,321,363
 
   
 
66,349,962
 
   
 
18,913,781
 
   
 
19,429,745
 
Less: Grant Date Fair Value of Stock Awards Granted in Covered Fiscal Year
      (33,311,064)        (48,996,329)        (16,942,011)        (17,458,576)  
Less: Grant Date Fair Value of Option Awards Granted in Covered Fiscal Year
      —        (15,347,003)        —        —  
Add: Fair Value at Covered Fiscal
Year-End
of Outstanding Unvested Awards Granted in Covered Fiscal Year
      79,637,186        96,247,570        23,898,368        14,491,303  
Add: Fair Value at Vesting of Awards Granted in Covered Fiscal Year that Vested During Covered Fiscal Year
      —        —        —        —  
Add/Subtract: Change in Fair Value from End of Prior Fiscal Year to End of Covered Fiscal Year of Awards Granted in Prior Fiscal Years That Were Unvested at End of Covered Fiscal Year
      167,553,343        39,425,963        3,472,867        (5,508,726)  
Add: Change in Fair Value from End of Prior Fiscal Year to Vesting Date of Awards Granted in Prior Fiscal Years For Which All Applicable Vesting Conditions Were Satisfied During Covered Fiscal Year
      18,603,564        17,474,214        201,749        7,491,858  
Less: Fair Value as of Prior Fiscal
Year-End
of Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Covered Fiscal Year
      —        —        —        —  
Add: Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Total Compensation for Covered Fiscal Year
      —        —        —        —  
Compensation Actually Paid for PEO
   
 
267,804,394
 
   
 
155,154,377
 
   
 
29,544,755
 
   
 
18,445,604
 
      
Non-PEO NEO Average Total Compensation Amount $ 7,765,190 7,236,681 7,033,248 7,034,096
Non-PEO NEO Average Compensation Actually Paid Amount $ 38,261,079 20,278,836 10,705,303 5,948,897
Adjustment to Non-PEO NEO Compensation Footnote
     
NON-PEO
NEOS
  
     
Fiscal
2024
($)
     
Fiscal
2023
($)
     
Fiscal
2022
($)
     
Fiscal
2021
($)
  
Average of Summary Compensation Table Total for
Non-PEO
NEOs
   
 
7,765,190
 
   
 
7,236,681
 
   
 
7,033,248
 
   
 
7,034,096
 
Less: Grant Date Fair Value of Stock Awards Granted in Covered Fiscal Year
      (6,996,111)        (6,578,189)        (6,293,097)        (6,235,329)  
Less: Grant Date Fair Value of Option Awards Granted in Covered Fiscal Year
      —        —        —        —  
Add: Fair Value at Covered Fiscal
Year-End
of Outstanding Unvested Awards Granted in Covered Fiscal Year
      16,725,693        9,468,316        8,877,029        5,175,567  
Add: Fair Value at Vesting of Awards Granted in Covered Fiscal Year That Vested During Covered Fiscal Year
      —        —        —        —  
Add/Subtract: Change in Fair Value from End of Prior Fiscal Year to End of Covered Fiscal Year of Awards Granted in Prior Fiscal Years That Were Unvested at End of Covered Fiscal Year
      16,499,239        8,481,736        944,482        (869,504)  
Add: Change in Fair Value from End of Prior Fiscal Year to Vesting Date of Awards Granted in Prior Fiscal Years For Which All Applicable Vesting Conditions Were Satisfied During Covered Fiscal Year
      4,267,068        3,371,020        143,642        844,067  
Less: Fair Value as of Prior Fiscal
Year-End
of Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Covered Fiscal Year
      —        (1,701,020)        —        —  
Add: Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Total Compensation for Covered Fiscal Year
      —        —        —        —  
Average Compensation Actually Paid for
Non-PEO
NEOs
   
 
38,261,079
 
   
 
20,278,836
 
   
 
10,705,303
 
   
 
5,948,897
 
      
Compensation Actually Paid vs. Total Shareholder Return
 
Relationship Between Compensation Actually Paid for PEO and
Non-PEO
NEOs (Average) vs. Cumulative TSR of Company and the Peer Group
The graph below illustrates the relationship between “Compensation Actually Paid” to our PEO and on average to our
Non-PEO
NEOs over the four covered fiscal years compared to the cumulative TSR performance of both the Company and the Peer Group.
 
 
LOGO 		     
Compensation Actually Paid vs. Net Income
Relationship Between Compensation Actually Paid for PEO and
Non-PEO
NEOs (Average) and Net Income
The graph below illustrates the relationship between “Compensation Actually Paid” to our PEO and on average to our
Non-PEO
NEOs compared to net income over the four covered fiscal years.
 
LOGO 		     
Compensation Actually Paid vs. Company Selected Measure
Relationship Between Compensation Actually Paid for PEO and
Non-PEO
NEOs (Average) and Relative
One-Year
TSR
The graph below illustrates the relationship between “Compensation Actually Paid” to our PEO and on average to our
Non-PEO
NEOs compared to our relative
one-year
TSR.
 
LOGO 		     
Total Shareholder Return Vs Peer Group
 
Relationship Between Compensation Actually Paid for PEO and
Non-PEO
NEOs (Average) vs. Cumulative TSR of Company and the Peer Group
The graph below illustrates the relationship between “Compensation Actually Paid” to our PEO and on average to our
Non-PEO
NEOs over the four covered fiscal years compared to the cumulative TSR performance of both the Company and the Peer Group.
 
 
LOGO 		     
Tabular List, Table
Tabular List of Most Important Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and our
Non-PEO
NEOs for the fiscal year ended September 30, 2024 to Company performance. The measures in this table are not ranked.
 
 
 
One-year
TSR relative to Russell 3000 Index
 Adjusted Revenue
 Adjusted EBITDA
      
Total Shareholder Return Amount $ 456.9 204.18 96.86 93.55
Peer Group Total Shareholder Return Amount 132.28 109.39 75.34 121.98
Net Income (Loss) $ 512,800,000 $ 429,400,000 $ 373,500,000 $ 392,100,000
Company Selected Measure Amount 123.78 92.3 22.37 (36.51)
PEO Name Mr. Lansing      
Measure:: 1        
Pay vs Performance Disclosure        
Name One-year TSR relative to Russell 3000 Index      
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted Revenue      
Measure:: 3        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
PEO | Grant Date Fair Value of Stock Awards Granted in Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (33,311,064) $ (48,996,329) $ (16,942,011) $ (17,458,576)
PEO | Grant Date Fair Value of Option Awards Granted in Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (15,347,003)    
PEO | Fair Value at Covered Fiscal Year End of Outstanding Unvested Awards Granted in Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 79,637,186 96,247,570 23,898,368 14,491,303
PEO | Change in Fair Value from End of Prior Fiscal Year to End of Covered Fiscal Year of Awards Granted in Prior Fiscal Years That Were Unvested at End of Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 167,553,343 39,425,963 3,472,867 (5,508,726)
PEO | Change in Fair Value from End of Prior Fiscal Year to Vesting Date of Awards Granted in Prior Fiscal Years For Which All Applicable Vesting Conditions Were Satisfied During Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 18,603,564 17,474,214 201,749 7,491,858
Non-PEO NEO | Grant Date Fair Value of Stock Awards Granted in Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (6,996,111) (6,578,189) (6,293,097) (6,235,329)
Non-PEO NEO | Fair Value at Covered Fiscal Year End of Outstanding Unvested Awards Granted in Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 16,725,693 9,468,316 8,877,029 5,175,567
Non-PEO NEO | Change in Fair Value from End of Prior Fiscal Year to End of Covered Fiscal Year of Awards Granted in Prior Fiscal Years That Were Unvested at End of Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 16,499,239 8,481,736 944,482 (869,504)
Non-PEO NEO | Change in Fair Value from End of Prior Fiscal Year to Vesting Date of Awards Granted in Prior Fiscal Years For Which All Applicable Vesting Conditions Were Satisfied During Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 4,267,068 3,371,020 $ 143,642 $ 844,067
Non-PEO NEO | Fair Value as of Prior Fiscal Year End of Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   $ (1,701,020)