Fair Isaac Corporation stock research
FY2024 Q4
Fair Isaac (FICO) Gross Margin — Quarter Ended Sep 30, 2024
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin remained stable sequentially and improved year-over-year.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q4
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin remained stable sequentially and improved year-over-year.
- The strongest observable margin driver is the sustained high gross margin, which held steady at the same level as the prior quarter and improved from a year ago.
- Compared to the immediately preceding quarter, revenue and gross profit were higher, cost of revenue was higher, and gross margin was stable. Compared to the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
80.3%
Gross profit
$364.2M
Revenue
$453.8M
Cost of revenue
$89.6M
Quarter-over-quarter change
-0.0 pts
Year-over-year change
+1.5 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 |
|---|---|---|---|---|
| Dec 31, 2023 | $382.1M | $298.6M | $83.5M | 78.2% |
| Mar 31, 2024 | $433.8M | $346.9M | $86.9M | 80.0% |
| Jun 30, 2024 | $447.8M | $359.6M | $88.2M | 80.3% |
| Sep 30, 2024 | $453.8M | $364.2M | $89.6M | 80.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
-0.0 pts
Year-over-year change
Sep 30, 2023
+1.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the sustained high gross margin, which held steady at the same level as the prior quarter and improved from a year ago.
Compared to the immediately preceding quarter, revenue and gross profit were higher, cost of revenue was higher, and gross margin was stable. Compared to the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, and gross margin improved.
Monitor the trend in cost of revenue relative to revenue, as it increased in both comparisons.