Fair Isaac Corporation: FICO World 26 Recap: FICO goes Ultra

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Fair Isaac Corporation: FICO World 26 Recap: FICO goes Ultra

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Fair Isaac Corporation

FICO World 26 Recap: FICO goes Ultra

Maintain Rating: BUY | PO: 1,400.00 USD | Price: 1,236.83 USD

FICO World reinforces strong momentum 21 May 2026

We attended the FICO World 26 Conference in Orlando as well as investor meetings with Equity

FICO’s C-suite. FICO World serves as a showcase for new products and one of FICO’s

Curtis Nagle, CFA

biggest pipelines for software sales. This year, with scores being topical, questions Research Analyst

revolved around pricing dynamics across verticals, progression on competitor BofAS c.nagle@bofa.com

VantageScores’s adoption and timeline for FICO 10T and DLP launch. For software, the

Wahid Amin

scaling of a new agentic-based platform, enterprise clients moving to more agentic Research Analyst

decision layers and the durability of growth rates, following a 2Q acceleration were most BofAS wahid.amin@bofa.com

topical.

Ryan Rivera

Research Analyst

BofASPlaid data broadens FICO’s lens ryan.rivera4@bofa.com

FICO released its latest Score, UltraFICO 2.0, in partnership with Plaid. UltraFICO

incorporates cash flow data (layered on top of credit file data) and sourced from

~100mn users within Plaid’s network. While UltraFICO is not expected to be a material

growth driver near-term, it can lead to better underwriting decisions for non-prime Stock Data

consumers (and prime borrowers with thin credit history) and higher loan volumes for Price 1,236.83 USD

lenders without added risk. Regarding mortgage scores, FICO mgmt. remains confident Price Objective 1,400.00 USD

in the timing of regulators approving use of FICO 10T, possibly in June as well and Date Established 18-May-2026

pending launch of the FICO direct program. Post approval, mgmt.