Dear Stockholders,

Fiscal 2024 was another exceptional year for FICO, as demonstrated by the achievement of significant financial and operational milestones across both our Software and Scores businesses. We achieved record annual revenues of $1.72 billion, up 13% versus the prior year, and record net income of $513 million, with $20.45 of diluted earnings per share, up 21% versus the prior year. In our Software segment, we saw the momentum of FICO® Platform continue to build. The Annual Recurring Revenue for the FICO® Platform exceeded 30% year-over-year growth in each quarter of fiscal 2024. In our Scores segment, the growth we experienced in fiscal 2024 reflected our leadership and the industry’s ongoing recognition of the FICO® Score as the standard measure of U.S. consumer credit risk.

These successes were reflected in our continued strong stock price performance, which reached an all-time high during 2024, and make us confident that we have the right strategies, solutions and teams in place to further build on our achievements in fiscal 2025. We would also like to acknowledge the entire FICO team for its extraordinary execution of our “act like an owner” mindset, including its relentless focus on customer success and innovation, which is the driving force behind the remarkable results we continue to achieve for our business and our stockholders. With our market-leading Software and Scores businesses and best-in-class team, we are exceptionally well-positioned to continue delivering profitable growth in fiscal 2025 while accelerating our competitive advantage.

Against this performance backdrop, it is our pleasure to invite you to attend the 2025 Annual Meeting of Stockholders of Fair Isaac Corporation at our San Jose, CA office on Wednesday, March 5, 2025, at 9:30 a.m. Pacific Time. At this year’s meeting, we will vote on the election of directors and the ratification of the selection of Deloitte & Touche LLP as FICO’s independent registered public accounting firm. We will also conduct a non-binding advisory vote to approve the compensation of FICO’s named executive officers. Finally, stockholders will have an opportunity to ask questions.

Your vote is important. Whether or not you plan to participate in the annual meeting, please vote as soon as possible. You may vote by proxy prior to the meeting over the internet, by telephone or by mailing a completed proxy card or voting instruction form. Your vote by proxy will ensure your representation at the annual meeting regardless of whether you attend the meeting. Details regarding the annual meeting and the business to be conducted are described in the accompanying Notice of Annual Meeting of Stockholders and Proxy Statement.

Thank you for your trust and ongoing support of FICO.

Braden R. Kelly, Chairman

William J. Lansing, CEO