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Fair Isaac vs ExlService Holdings: FICO and EXLS compared
Fair Isaac is the larger company: $657M of revenue in its latest quarter (Q4 FY26) against $634M for ExlService Holdings (Q3 2026). Fair Isaac is growing faster (+27% against +20% a year earlier). Fair Isaac is more profitable, with an operating margin of 40.6% against 14.0%.
Where the money goes: FICO and EXLS
Fair Isaac (FICO) · Q4 FY26
Fair Isaac, Q4 FY26: revenue $657M (+27% year over year), operating margin 40.6%, net earnings $175M, operating cash flow $294M. The chart follows the revenue to costs, profit and cash.
ExlService Holdings (EXLS) · Q3 2026
ExlService Holdings, Q3 2026: revenue $634M (+20% year over year), operating margin 14.0%, net earnings $68.8M, operating cash flow $119M. The chart follows the revenue to costs, profit and cash.
| Fair Isaac (FICO) | ExlService Holdings (EXLS) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $657M | $634M |
| Revenue growth, Y/Y | +27% | +20% |
| Gross margin | — | 38.0% |
| Operating margin | 40.6% | 14.0% |
| Net earnings | $175M | $68.8M |
| Net margin | 26.6% | 10.8% |
| Operating cash flow | $294M | $119M |
| Free cash flow | $284M | $103M |
| Market value | $16.2B | $6.6B |
| P/E | 19.4× | 25.7× |
| Analysts’ mean target | $821.79 | $48.62 |
Where the revenue comes from
Fair Isaac
- Scores: $414M (63%)
- On-premises and SaaS software: $224M (34%)
- Professional services: $19.5M (3%)
ExlService Holdings
- Insurance: $246M (39%)
- Banking, Capital Markets and Diversified Industries: $227M (36%)
- Healthcare and Life Sciences: $161M (25%)
Questions
Which is bigger, Fair Isaac or ExlService Holdings?
Fair Isaac is the larger company: $657M of revenue in its latest quarter (Q4 FY26) against $634M for ExlService Holdings (Q3 2026).
Is Fair Isaac or ExlService Holdings growing faster?
Fair Isaac is growing faster (+27% against +20% a year earlier).
Which is more profitable, Fair Isaac or ExlService Holdings?
Fair Isaac is more profitable, with an operating margin of 40.6% against 14.0%.
More: Fair Isaac earnings · how Fair Isaac makes money · ExlService Holdings earnings · how ExlService Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Nov 6, 2026; 10-Q filed Oct 27, 2026). Fiscal quarters can end on different dates. Not investment advice.