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Stock-Based Employee Benefit Plans (Tables)
12 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
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 2024, 2023 and 2022:
 Year Ended September 30,
 202420232022
Stock Options:
Weighted-average expected term (years)4.465.234.43
Expected volatility (range)33.6 -33.9 %33.4 -35.5 %32.9 -34.1 %
Weighted-average volatility33.7 %33.5 %33.2 %
Risk-free interest rate (range)4.18 -4.30 %3.40 -4.49 %1.18 -2.85 %
Weighted-average expected dividend yield— %— %— %
Summary of Option Activity
The following table summarizes option activity during fiscal 2024: 
SharesWeighted-
average
Exercise
Price
Weighted-
average
Remaining
Contractual
Term
Aggregate
Intrinsic Value
 (In thousands) (In years)(In thousands)
Outstanding at September 30, 2023227 $387.95 
Granted1,198.00 
Exercised(47)176.46 
Outstanding at September 30, 2024189 $479.26 3.30$277,150 
Exercisable at September 30, 2024119 $290.75 1.98$196,829 
Vested or expected to vest at September 30, 2024185 $471.93 3.25$272,681 
Summary of Restricted Stock Unit and Market Stock Unit Activity
The following table summarizes the RSUs activity during fiscal 2024: 
SharesWeighted-average Grant-date Fair Value
(In thousands)
Outstanding at September 30, 2023376 $508.23 
Granted97 1,150.58 
Released(148)478.44 
Forfeited(20)567.62 
Outstanding at September 30, 2024305 $724.40 
The following table summarizes the MSUs activity during fiscal 2024:
SharesWeighted- average Grant-date Fair Value
(In thousands)
Outstanding at September 30, 202387 $844.24 
Granted64 1,014.75 
Released(84)737.77 
Forfeited(5)845.67 
Outstanding at September 30, 202462 $1,161.62 
Summary of Performance Stock Unit Activity
The following table summarizes the PSUs activity during fiscal 2024: 
SharesWeighted- average Grant-date Fair Value
(In thousands)
Outstanding at September 30, 2023115 $519.54 
Granted35 1,134.39 
Released(57)502.66 
Forfeited(8)529.92 
Outstanding at September 30, 202485 $786.85 
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 2024, 2023 and 2022:
 Year Ended September 30,
 202420232022
Expected volatility in FICO’s stock price
36.3 %47.3 %42.3 %
Expected volatility in Russell 3000 Index18.2 %26.0 %23.3 %
Correlation between FICO and the Russell 3000 Index
60.3 %73.5 %74.7 %
Risk-free interest rate4.39 %4.02 %0.97 %
Average expected dividend yield— %— %— %