Fair Isaac Corporation (FICO)

Pretax margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	642,025	611,107	601,576	566,311	553,624	526,269	489,376	484,392	471,309	463,665	530,663	490,002	473,142	444,109	332,425	303,065	257,000	241,455	243,301	220,811
Revenue (ttm)	US$ in thousands	1,717,589	1,549,460	1,502,622	1,451,275	1,415,832	1,382,391	1,338,493	1,322,108	1,310,169	1,304,205	1,394,931	1,376,365	1,376,295	1,426,790	1,319,550	1,306,103	1,294,562	1,225,550	1,226,068	1,196,331
Pretax margin		37.38%	39.44%	40.04%	39.02%	39.10%	38.07%	36.56%	36.64%	35.97%	35.55%	38.04%	35.60%	34.38%	31.13%	25.19%	23.20%	19.85%	19.70%	19.84%	18.46%

September 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $642,025K ÷ $1,717,589K
= 37.38%

Fair Isaac Corporation's pretax margin has shown a fluctuating trend over the past several quarters. The pretax margin measures the company's profitability before taxes, indicating how efficiently the company is operating and managing its expenses.

The pretax margin for Fair Isaac Corporation ranged from a low of 18.46% in Dec 2019 to a high of 40.04% in Mar 2024. The highest pretax margin in the recent periods suggests that the company was generating more profits relative to its total revenue in that quarter. However, the pretax margin does not show a consistent increasing or decreasing pattern over the periods analyzed.

The fluctuations in the pretax margin could be due to various factors such as changes in revenue, operating expenses, non-operating income, and tax implications. It is important for investors and analysts to further investigate the reasons behind these fluctuations to assess the company's financial performance and future prospects.

Overall, while Fair Isaac Corporation has demonstrated relatively high pretax margins in some quarters, the fluctuating trend indicates the need for a deeper analysis to understand the underlying drivers of profitability in the company's operations.