FICO Announces $2.0B Stock Repurchase Program and a $1.5B Accelerated Buyback

Fair Isaac Corporation (FICO) has authorized a new $2.0 billion stock repurchase program, replacing its prior authorization. To execute this, the company entered into a $1.5 billion Accelerated Share Repurchase (ASR) agreement with Wells Fargo, funded by a new $1.5 billion unsecured incremental term loan.

Key Details

• Stock Repurchase Program: The new $2.0 billion authorization replaces the remaining availability under the company's previous $1.5 billion program.
• Accelerated Share Repurchase (ASR): FICO will make a $1.5 billion upfront payment to Wells Fargo on June 8, 2026, and expects an initial delivery of approximately 1,055,100 shares. The ASR is expected to be completed by September 30, 2026, leaving $500 million available under the new authorization.
• Financing: The ASR is funded by a new $1.5 billion incremental term loan borrowed on June 5, 2026, which matures on May 15, 2028.