The board of analytics software provider Fair Isaac Corp (NYSE: FICO) has authorized a new share repurchase program of up to $2 billion and has entered into a $1.5 billion accelerated share repurchase agreement. These actions are designed to further optimize the company's capital structure and enhance shareholder value.

The newly approved $2 billion buyback plan replaces the remaining capacity under a prior $1.5 billion program. It is an open-ended plan, allowing the company to repurchase shares flexibly through open market transactions and negotiated deals. Concurrently, FICO amended its credit agreement on June 5, 2026, adding a $1.5 billion term loan facility, which has been fully drawn.

The company intends to use the proceeds from this loan to fund an accelerated share repurchase agreement with Wells Fargo Securities. Under the terms of the agreement, FICO prepaid $1.5 billion to Wells Fargo on June 8. In return, it is expected to receive an initial delivery of approximately 1,055,100 common shares, leading to a prompt reduction in the number of shares outstanding. The final number of shares repurchased will be determined based on the volume-weighted average price of the company's common stock during the agreement period, subject to a discount and other customary adjustments.

The transactions under the accelerated share repurchase agreement are expected to be completed by the end of FICO's current fiscal year, which is September 30, 2026. At the final settlement, the company may receive additional shares or, under specific circumstances, be required to deliver shares or make a cash payment.

Fair Isaac Corp is a pioneer in predictive analytics and data science, founded in 1956. Its FICO Score is used by 90% of top U.S. lenders as the standard tool for measuring consumer credit risk, and the company operates in over 80 countries. This substantial capital return initiative underscores management's confidence in the company's value and its commitment to rewarding shareholders.