XML 64 R42.htm IDEA: XBRL DOCUMENT v3.25.3
Stock-Based Employee Benefit Plans (Tables)
 12 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Unit and Market Stock Unit Activity
The following table summarizes the RSUs activity during fiscal 2025: 
SharesWeighted-average Grant-date Fair Value
(In thousands)
Outstanding at September 30, 2024305 $724.40 
Granted56 2,119.14 
Released(128)647.91 
Forfeited(19)933.24 
Outstanding at September 30, 2025214 $1,114.47 
The following table summarizes the MSUs activity during fiscal 2025:
SharesWeighted- average Grant-date Fair Value
(In thousands)
Outstanding at September 30, 202462 $1,161.62 
Granted32 1,596.70 
Released(46)978.49 
Forfeited(3)1,846.85 
Outstanding at September 30, 202545 $1,611.35 
Summary of Performance Stock Unit Activity
The following table summarizes the PSUs activity during fiscal 2025: 
SharesWeighted- average Grant-date Fair Value
(In thousands)
Outstanding at September 30, 202485 $786.85 
Granted14 2,227.11 
Released(46)665.22 
Forfeited(7)1,161.69 
Outstanding at September 30, 202546 $1,283.09 
Summary of Assumptions Used to Estimate Fair Value of Market Stock Units We used the following assumptions to estimate the fair value of our MSUs during fiscal 2025, 2024 and 2023:
 Year Ended September 30,
 202520242023
Expected volatility in FICO’s stock price
36.2 %36.3 %47.3 %
Expected volatility in Russell 3000 IndexN/A18.2 %26.0 %
Expected volatility in S&P 500 Index (peer average)30.9 %N/AN/A
Correlation between FICO and the Russell 3000 Index
N/A60.3 %73.5 %
Correlation between FICO and the S&P 500 Index
30.3 %N/AN/A
Risk-free interest rate4.09 %4.39 %4.02 %
Average expected dividend yield— %— %— %
Summary of Assumptions Used to Estimate Fair Value of Stock Options We used the following assumptions to estimate the fair value of our stock options during fiscal 2025, 2024 and 2023:
 Year Ended September 30,
 202520242023
Stock Options:
Weighted-average expected term (years)4.404.465.23
Expected volatility (range)34.6 -36.5 %33.6 -33.9 %33.4 -35.5 %
Weighted-average volatility35.0 %33.7 %33.5 %
Risk-free interest rate (range)3.89 -4.08 %4.18 -4.30 %3.40 -4.49 %
Weighted-average expected dividend yield— %— %— %
Summary of Option Activity
The following table summarizes option activity during fiscal 2025: 
SharesWeighted-
average
Exercise
Price		Weighted-
average
Remaining
Contractual
Term		Aggregate
Intrinsic Value
 (In thousands) (In years)(In thousands)
Outstanding at September 30, 2024189 $479.26 
Granted5 2,014.89 
Exercised(65)224.16 
Outstanding at September 30, 2025129 $670.08 3.43$109,164 
Exercisable at September 30, 202565 $457.59 2.11$67,464 
Vested or expected to vest at September 30, 2025127 $664.36 3.41$108,192