Segment Information (Tables)

3 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Summary of Segment Information

The following tables summarize segment information for the quarters ended December 31, 2021 and 2020:

	Quarter Ended December 31, 2021
	Scores		Software		Unallocated Corporate Expenses		Total
	(In thousands)
Segment revenues:
On-premises and SaaS software	$	—	$	126,338	$	—	$	126,338
Professional services	—		26,536		—		26,536
Scores	169,487		—		—		169,487
Total segment revenues	169,487		152,874		—		322,361
Segment operating expense	(21,984)		(118,581)		(35,788)		(176,353)
Segment operating income	$	147,503	$	34,293	$	(35,788)	146,008
Unallocated share-based compensation expense							(29,878)
Unallocated amortization expense							(544)
Operating income							115,586
Unallocated interest expense, net							(12,195)
Unallocated other income, net							1,429
Income before income taxes							$	104,820
Depreciation expense	$	192	$	3,877	$	29	$	4,098

	Quarter Ended December 31, 2020
	Scores		Software		Unallocated Corporate Expenses		Total
	(In thousands)
Segment revenues:
On-premises and SaaS software	$	—	$	126,455	$	—	$	126,455
Professional services	—		41,308		—		41,308
Scores	144,651		—		—		144,651
Total segment revenues	144,651		167,763		—		312,414
Segment operating expense	(21,626)		(147,079)		(30,253)		(198,958)
Segment operating income	$	123,025	$	20,684	$	(30,253)	113,456
Unallocated share-based compensation expense							(25,132)
Unallocated amortization expense							(937)
Unallocated gains on product line asset sales and business divestiture							7,334
Operating income							94,721
Unallocated interest expense, net							(9,641)
Unallocated other income, net							2,880
Income before income taxes							$	87,960
Depreciation expense	$	194	$	5,358	$	33	$	5,585

Disaggregation of Revenue

The following tables provide information about disaggregated revenue by primary geographical market:

	Quarter Ended December 31, 2021
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	165,712	$	99,185	$	264,897	82	%
Europe, Middle East and Africa	1,493		37,398		38,891		12	%
Asia Pacific	2,282		16,291		18,573		6	%
Total	$	169,487	$	152,874	$	322,361	100	%

	Quarter Ended December 31, 2020
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	140,713	$	108,024	$	248,737	79	%
Europe, Middle East and Africa	1,713		43,678		45,391		15	%
Asia Pacific	2,225		16,061		18,286		6	%
Total	$	144,651	$	167,763	$	312,414	100	%

The following table provides information about disaggregated revenue for our Software segment by deployment method:

	Quarter Ended December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
On-premises software	$	57,295	$	66,482	45	%	53	%
SaaS software	69,043		59,973		55	%	47	%
Total	$	126,338	$	126,455	100	%	100	%

The following table provides information about disaggregated revenue for our Software segment by product features:

	Quarter Ended December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
Platform software (*)	$	22,072	$	14,125	17	%	11	%
Non-platform software	104,266		112,330		83	%	89	%
Total	$	126,338	$	126,455	100	%	100	%

(*) The FICO platform software is a set of interoperable services which use software assets owned and/or governed by FICO for building solutions and which conform to FICO architectural standards based on key elements of Cloud Native Computing design principles. These standards encompass shared security context and pre-integration using FICO standard application programming interfaces for all services.

The following table provides information about disaggregated revenue for our Software segment by timing of revenue recognition:

	Quarter Ended December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
Software recognized at a point time (1)	$	7,159	$	12,894	6	%	10	%
Software recognized over contract term (2)	119,179		113,561		94	%	90	%
Total	$	126,338	$	126,455	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 December 31,				Percentage of revenues
	2021		2020		2021		2020
	(Dollars in thousands)
Business-to-business Scores	$	112,968	$	100,144	67	%	69	%
Business-to-consumer Scores	56,519		44,507		33	%	31	%
Total	$	169,487	$	144,651	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 38% and 34% of our total revenues in the quarters ended December 31, 2021 and 2020, respectively, with two consumer reporting agencies each contributing more than 10% of our total revenues in each of the quarters ended December 31, 2021 and 2020.