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Revenue from Contract with Customer
 6 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer Revenue from Contracts with Customers
Disaggregation of Revenue
The following tables provide information about disaggregated revenue by primary geographical market:

Quarter Ended March 31, 2023
ScoresSoftwareTotalPercentage
(Dollars in thousands)
Americas$197,039 $121,264 $318,303 84 %
Europe, Middle East and Africa1,154 40,199 41,353 11 %
Asia Pacific314 20,296 20,610 5 %
      Total$198,507 $181,759 $380,266 100 %

Quarter Ended March 31, 2022
ScoresSoftwareTotalPercentage
(Dollars in thousands)
Americas$175,091 $104,664 $279,755 78 %
Europe, Middle East and Africa1,252 34,128 35,380 10 %
Asia Pacific7,399 34,661 42,060 12 %
      Total$183,742 $173,453 $357,195 100 %

Six Months Ended March 31, 2023
ScoresSoftwareTotalPercentage
(Dollars in thousands)
Americas$370,336 $239,094 $609,430 84 %
Europe, Middle East and Africa2,502 71,191 73,693 10 %
Asia Pacific3,657 38,356 42,013 6 %
      Total$376,495 $348,641 $725,136 100 %
Six Months Ended March 31, 2022
ScoresSoftwareTotalPercentage
(Dollars in thousands)
Americas$340,803 $203,849 $544,652 80 %
Europe, Middle East and Africa2,745 71,526 74,271 11 %
Asia Pacific9,681 50,952 60,633 9 %
      Total$353,229 $326,327 $679,556 100 %
The following table provides information about disaggregated revenue for our Software segment by deployment method:
Quarter Ended March 31,Percentage of revenuesSix Months Ended March 31,Percentage of revenues
20232022202320222023202220232022
(Dollars in thousands)
On-premises software$73,473 $77,959 48 %52 %$138,395 $135,254 46 %49 %
SaaS software81,111 71,129 52 %48 %160,749 140,172 54 %51 %
Total on-premises and SaaS software$154,584 $149,088 100 %100 %$299,144 $275,426 100 %100 %
The following table provides information about disaggregated revenue for our Software segment by product features:
Quarter Ended March 31,Percentage of revenuesSix Months Ended March 31,Percentage of revenues
20232022202320222023202220232022
(Dollars in thousands)
Platform software (*)$38,682 $39,802 25 %27 %$69,510 $61,874 23 %22 %
Non-platform software115,902 109,286 75 %73 %229,634 213,552 77 %78 %
Total on-premises and SaaS software$154,584 $149,088 100 %100 %$299,144 $275,426 100 %100 %
(*) FICO platform software is a set of interoperable capabilities which use software assets owned and/or governed by FICO for building solutions and services which conform to FICO architectural standards based on key elements of Cloud Native Computing design principles. These standards encompass shared security context and access using FICO standard application programming interfaces.
The following table provides information about disaggregated revenue for our Software segment by timing of revenue recognition:
Quarter Ended March 31,Percentage of revenuesSix Months Ended March 31,Percentage of revenues
20232022202320222023202220232022
(Dollars in thousands)
Software recognized at a point in time (1)
$19,193 $26,540 12 %18 %$30,996 $33,699 10 %12 %
Software recognized over contract term (2)
135,391 122,548 88 %82 %268,148 241,727 90 %88 %
Total on-premises and SaaS software$154,584 $149,088 100 %100 %$299,144 $275,426 100 %100 %
(1)Includes license portion of our on-premises subscription software and perpetual license, both of which are recognized when the software is made available to the customer, or at the start of the subscription.
(2)Includes maintenance portion and usage-based fees of our on-premises subscription software, maintenance revenue on perpetual licenses, as well as SaaS revenue.
The following table provides information about disaggregated revenue for our Scores segment by distribution method:

Quarter Ended March 31,Percentage of revenuesSix Months Ended March 31,Percentage of revenues
20232022202320222023202220232022
(Dollars in thousands)
Business-to-business Scores$144,874 $125,243 73 %68 %$269,779 $238,211 72 %67 %
Business-to-consumer Scores53,633 58,499 27 %32 %106,716 115,018 28 %33 %
     Total$198,507 $183,742 100 %100 %$376,495 $353,229 100 %100 %
We derive a substantial portion of revenues from our contracts with the three major consumer reporting agencies, TransUnion, Equifax and Experian. Revenues collectively generated by agreements with these customers accounted for 43% and 39% of our total revenues in the quarters ended March 31, 2023 and 2022, respectively, with three and two consumer reporting agencies each contributing more than 10% of our total revenues in the quarters ended March 31, 2023 and 2022, respectively. Revenues collectively generated by agreements with these customers accounted for 40% and 38% of our total revenues in the six months ended March 31, 2023 and 2022, respectively, with two consumer reporting agencies each contributing more than 10% of our total revenues in each of the six months ended March 31, 2023 and 2022.
Contract Balances
We record a receivable when we satisfy a performance obligation prior to invoicing if only the passage of time is required before payment is due or if we have an unconditional right to consideration before we satisfy a performance obligation. We record a contract asset when we satisfy a performance obligation prior to invoicing but our right to consideration is conditional. We record deferred revenue when the payment is made or due before we satisfy a performance obligation.
Receivables at March 31, 2023 and September 30, 2022 consisted of the following: 
 March 31, 2023September 30, 2022
 (In thousands)
Billed$183,907 $203,351 
Unbilled199,111 165,386 
383,018 368,737 
Less: allowance for doubtful accounts(4,590)(4,218)
Net receivables378,428 364,519 
    Less: long-term receivables (*)(40,189)(42,109)
    Short-term receivables (*)$338,239 $322,410 
(*) Short-term receivables and long-term receivables were recorded in accounts receivable, net and other assets, respectively, within the accompanying condensed consolidated balance sheets.
Deferred revenue primarily relates to our maintenance and SaaS contracts billed annually in advance and generally recognized ratably over the term of the service period. Significant changes in the deferred revenues balances are as follows:
Six Months Ended  
March 31, 2023
(In thousands)
Deferred revenues, beginning balance (*)$126,560 
Revenue recognized that was included in the deferred revenues balance at the beginning of the period(51,360)
Increases due to billings, excluding amounts recognized as revenue during the period49,904 
Deferred revenues, ending balance (*)$125,104 
(*) Deferred revenues at March 31, 2023 included current portion of $118.3 million and long-term portion of $6.8 million that were recorded in deferred revenue and other liabilities, respectively, within the condensed consolidated balance sheets.
Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 30 to 60 days. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined our contracts generally do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with simplified and predictable ways of purchasing our products and services, not to provide customers with financing or to receive financing from our customers. Examples include multi-year on-premises licenses that are invoiced annually with revenue recognized upfront and invoicing at the beginning of a subscription term with revenue recognized ratably over the contract period.
Performance Obligations
Revenue allocated to remaining performance obligations represents contracted revenue that will be recognized in future periods, which is comprised of deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. This does not include:
•Usage-based revenue that will be recognized in future periods from on-premises software subscriptions;
•Consumption-based variable fees from SaaS software that will be recognized in the distinct service period during which it is earned; and
•Revenue from variable considerations that will be recognized in accordance with the “right-to-invoice” practical expedient, such as fees from our professional services billed based on a time and materials basis.
Revenue allocated to remaining performance obligations was $420.9 million as of March 31, 2023, approximately 50% of which we expect to recognize over the next 16 months and the remainder thereafter. Revenue allocated to remaining performance obligations was $357.4 million as of September 30, 2022.