Why Is Fico Stock Dropping Today?

The Republican senator sent a letter to FICO on Monday announcing his intentions to start an investigation into the company's price increases for credit scores.

In this photo illustration, the logo of Fair Isaac Corporation (FICO) is displayed on a smartphone screen, with the company's blue branding visible in the background, on April 23, 2025, in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images)

Jaiveer Shekhawat·Stocktwits

Published Mar 23, 2026 | 4:28 PM EDT

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Hawley said that FICO’s price increases are most damaging to the Americans who can least afford them.
FICO has characterized its historical pricing as “underpriced,” yet the company’s financial performance tells a different story, the letter said.

Shares of Fair Isaac Corporation (FICO) fell nearly 6% on Monday after Republican Senator Josh Hawley in a letter said that it is launching an investigation into the company’s pricing practices for mortgage market services.

The Republican Senator sent a letter to FICO on Monday announcing his intentions to start an investigation into the company's price increases for credit scores.

Details

“As Chairman of the Senate Judiciary Subcommittee on Crime and as a member of the Subcommittee on Antitrust, Competition Policy, and Consumer Rights, I am investigating Fair Isaac Corporation’s pricing practices in the mortgage credit scoring market,” Hawley said as per the letter.

FICO has characterized its historical pricing as “underpriced,” yet the company’s financial performance tells a different story. FICO’s total revenue reached nearly $2 billion in fiscal year 2025, with the Scores segment alone generating $1.17 billion at operating margins of approximately 88%, the letter said.

Hawley further said that FICO’s price increases are most damaging to the Americans who can least afford them. “We investigate whether the charge is justified by competitive market forces or is instead an exercise of monopoly pricing power. An 88% operating margin and a compound annual growth rate of 100% in per-score pricing over five years are not hallmarks of a competitive market”.

What Does FICO Do?

FICO is an analytics software firm that creates its own FICO score which is used by a majority of top lenders in the U.S. to gauge the credit history and risk associated with credit lending towards their customers.

Retail sentiment around FICO trended in ‘neutral’ territory amid ‘normal’ message volume at the time of writing. Shares in the company are down 37% so far in 2026.