FICO: The Business Behind Your Credit Score
A deep dive into the most important credit scoring company
Dear reader,
Welcome back to another deep dive into a wonderful company.
Today, we’re exploring Fair Isaac Corporation, better known as FICO—a leading provider of credit scores and software solutions. In this article, we’ll uncover why credit scores exist and how they came to exist in the first place. Additionally, we’ll explore FICO’s business model, how it generates returns on capital, and what the future holds for the company. Lastly, we’ll evaluate whether FICO is a compelling investment opportunity.
Table of Contents
1. FICO’s History
1.1 Credit Scores
1.2 History of Credit Reporting
1.3 Fair, Isaac and Company
2. FICO’s Business
2.1 How FICO Makes Money
2.2 FICO’s Moat
2.3 Key Financials
2.4 Future Outlook
2.5 Management
2.6 Risks
3. Conclusion