LiveRamp Holdings (RAMP) FY2026 results: revenue $813 million, up 9.0% on the year
LiveRamp Holdings, Inc. (RAMP) reported revenue of $813 million for fiscal 2026, the year ended 31 March 2026, up 9.0% on the year before. Net income was $146 million, and diluted earnings per share $2.24. The figures are the company's own, from the 10-K it filed with the SEC on 21 May 2026.
Revenue
$813 million
+9.0% on the year
FY2019FY2026
Operating margin
10.3%
0.7% a year earlier
FY2019FY2026
Net income
$146 million
FY2019FY2026
Diluted EPS
$2.24
FY2019FY2026
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Q4 revenue grew 9%: Q4 total revenue was $206 million, up 9%, with subscription revenue of $158 million, up 9%, and Marketplace & Other revenue of $49 million, up 11%.
ARR reached $545 million: Annualized recurring revenue at March 31, 2026 was $545 million, up 8%, compared with $527 million, up 7%, at December 31, 2025. Management said ARR growth accelerated sequentially.
Net retention rose to 107%: Subscription net retention improved to 107% from 101% in the prior quarter. Platform net retention rose to 108% from 103%.
Non-GAAP operating income up 75%: Q4 non-GAAP operating income was $40 million, up 75%, at a 20% margin. Fiscal non-GAAP operating income was $182 million, up 34%, at a 22% margin.
Fiscal operating cash flow $168 million: Fiscal 2026 operating cash flow was $168 million, compared with $154 million. Fiscal free cash flow was $166 million, and management described operating cash flow as a record.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2026
FY2025
FY2024
On the year
Last 8 years
Operating cash flow
169
156
107
+8.5%
Capital expenditure
1.4
1.0
4.3
+32.1%
Free cash flow
168
155
103
+8.4%
Free cash flow margin
20.6%
20.7%
15.6%
Cash from investing
-4.9
21.4
-174
Cash from financing
-199
-103
-59.1
Depreciation and amortisation
13.4
17.2
11.5
-22.1%
Share-based compensation
83.0
108
71.3
-23.1%
Buybacks
195
101
60.5
+92.2%
Diluted shares, weighted
65m
66m
68m
-1.6%
Balance sheet
$ million
FY2026
FY2025
FY2024
On the year
Last 8 years
Shareholders' equity
972
949
949
+2.4%
Debt
0.0
0.0
0.0
Operating lease liabilities
19.9
26.9
32.1
-26.1%
Other liabilities
302
284
250
+6.6%
Total liabilities and equity
1,294
1,259
1,231
+2.8%
Fixed assets
5.2
6.2
8.2
-16.7%
Goodwill
502
502
502
+0.1%
Intangible assets
9.2
20.2
34.6
-54.5%
Investments
7.5
7.5
32.0
0.0%
Cash and equivalents
380
413
337
-8.2%
Receivables
213
186
190
+14.4%
Other assets
178
124
128
+43.1%
Total assets
1,294
1,259
1,231
+2.8%
10-K for the year ended 31 March 2026, filed 21 May 2026: the filing.