Fair Isaac Corporation stock research
FY2024 Q2
Fair Isaac (FICO) Gross Margin — Quarter Ended Mar 31, 2024
Revenue increased compared to the immediately preceding quarter and the same quarter one year earlier. Gross profit grew at a faster pace than cost of revenue, resulting in a higher gross margin.
Gross margin takeaway
Quarter ended Mar 31, 2024 · FY2024 Q2
Revenue increased compared to the immediately preceding quarter and the same quarter one year earlier. Gross profit grew at a faster pace than cost of revenue, resulting in a higher gross margin.
- The gross margin improved as gross profit increased more than cost of revenue relative to the prior quarter and the year-ago quarter.
- Gross margin was higher than the prior quarter and the same quarter last year. Revenue and gross profit were also higher in both comparisons, while cost of revenue increased but at a slower rate.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
80.0%
Gross profit
$346.9M
Revenue
$433.8M
Cost of revenue
$86.9M
Quarter-over-quarter change
+1.8 pts
Year-over-year change
+0.9 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2023 | $398.7M | $326.8M | $71.8M | 82.0% |
| Sep 30, 2023 | $389.7M | $306.9M | $82.8M | 78.7% |
| Dec 31, 2023 | $382.1M | $298.6M | $83.5M | 78.2% |
| Mar 31, 2024 | $433.8M | $346.9M | $86.9M | 80.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2023
+1.8 pts
Year-over-year change
Mar 31, 2023
+0.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improved as gross profit increased more than cost of revenue relative to the prior quarter and the year-ago quarter.
Gross margin was higher than the prior quarter and the same quarter last year. Revenue and gross profit were also higher in both comparisons, while cost of revenue increased but at a slower rate.
Monitor the relationship between cost of revenue growth and revenue growth in future quarters.