LiveRamp Holdings Inc. Reports Strong Financial Performance in 2026 Annual Report
LiveRamp Holdings Inc., a prominent player in the data collaboration technology sector, has released its annual report for the fiscal year ending March 31, 2026. The report highlights significant growth in revenue, a turnaround in net income, and strategic developments, including a pending merger with Publicis Groupe S.A. As the company continues to innovate and expand its platform, it remains focused on enhancing consumer experiences while upholding data privacy standards.
1. Revenue Growth and Financial Highlights
For the fiscal year 2026, LiveRamp reported revenues totaling $812.9 million, marking a 9.0% increase from $745.6 million in 2025. This growth was primarily driven by robust performance across both subscription services and marketplace revenues.
Income Statement Overview
The company's income statement illustrates a remarkable shift from a net loss of $0.8 million in the previous year to a net income of $146.0 million in 2026. Key figures from the income statement include:
- Operating Income: $83.5 million
- Total Revenue: $812.9 million
- Cost of Revenue: $238.1 million
- Operating Expenses: $491.4 million
The company effectively managed its operating expenses, which decreased by 6.3%, contributing to improved profitability despite a slight decline in gross margin from 71.0% to 70.7%.
| May 2025 | May 2026 | |
|---|---|---|
Net Income | -814K | 145.9M |
Profit | -814K | 145.9M |
Net Income Discontinued | 1.68M | 1.17M |
Net Income Continuing | -2.50M | 144.7M |
Income Tax Expense | 25.34M | -46.71M |
Pretax Income | 22.84M | 98.06M |
Non-operating Income | 17.43M | 14.59M |
Operating Income | 5.40M | 83.46M |
Revenue | 745.5M | 812.9M |
Costs and Expenses | 740.1M | 729.4M |
Cost of Revenue | 215.9M | 238.1M |
Operating Expenses | 524.2M | 491.3M |
Research & Development | 176.6M | 148.1M |
Selling, General & Administrative | 339.6M | 338.2M |
Other Operating Expenses | 7.99M | 4.99M |
2. Revenue Breakdown by Geography
LiveRamp's revenue growth was geographically diverse, with notable increases in both domestic and international markets. In 2026, revenue by geography was as follows:
- United States: $763.1 million (8.3% growth)
- Europe: $41.36 million (20.56% growth)
- Asia-Pacific (APAC): $6.20 million (19.11% growth)
- Other: $2.18 million (54.93% growth)
This geographical performance underscores LiveRamp's strength in the U.S. market while also highlighting significant international growth, particularly in Europe and the Asia-Pacific region.
3. Product and Service Revenue
LiveRamp's revenue composition is divided into two primary categories: Subscription revenue and Marketplace and Other revenue. The breakdown for 2026 is as follows:
- Subscription Revenue: $614.3 million (8.0% growth)
- Marketplace and Other Revenue: $198.5 million (12.4% growth)
The growth in subscription revenue indicates strong customer retention and upselling efforts, while the increase in marketplace revenue signifies expanding transaction volumes and monetization of audience data.
4. Operational Efficiency and Expense Management
LiveRamp has shown prudent management of its operating expenses, with a notable 16.1% reduction in research and development expenses. The company has streamlined its operations while maintaining strategic investments in growth areas.
- Research and Development: $148.1 million
- Sales and Marketing: $338.2 million
- General and Administrative: Increased slightly due to litigation costs and strategic initiatives
5. Capital Resources and Liquidity
As of March 31, 2026, LiveRamp reported a healthy cash balance of $379.5 million and a working capital of $388.4 million, reflecting the company's liquidity position. Cash flows from operating activities totaled $167.8 million, driven by revenue growth and effective management of accounts receivable.
| May 2025 | May 2026 | |
|---|---|---|
Net Change in Cash | 74.45M | -34.37M |
Effect of Exchange Rate Changes | 106K | 966K |
Net Cash from Operating Activities | 153.9M | 167.7M |
Operating Profit | -814K | 145.9M |
Adjustment to Operating Profit | 154.7M | 21.80M |
Net Cash from Investing Activities | 21.39M | -4.93M |
Business & Interest in Affiliates | 3.35M | 3.91M |
Investments | -25.78M | -359K |
Productive Assets | 1.04M | 1.37M |
Net Cash from Financing Activities | -102.6M | -199.3M |
Equity Issuance/Repurchase | -92.36M | -186.3M |
Other Financing Activities | -10.33M | -13.01M |
6. Strategic Initiatives and Shareholder Value
In a bid to enhance shareholder value, LiveRamp repurchased 7.1 million shares of common stock for $194.4 million during the fiscal year. The board also approved an increase in the share repurchase program to $1.5 billion, extending it through December 31, 2027.
Pending Merger with Publicis Groupe
A significant development in 2026 was LiveRamp's announcement of a merger agreement with MMS USA Holdings, Inc., a subsidiary of Publicis Groupe S.A. Under the terms of the agreement, LiveRamp shareholders will receive $38.50 in cash for each share of common stock. This merger, pending stockholder approval and regulatory clearances, is expected to bolster LiveRamp's market position and enhance its operational capabilities.
7. Conclusion
LiveRamp Holdings Inc. has demonstrated considerable resilience and growth through its innovative data collaboration platform in 2026. The noteworthy increase in revenue and net income, coupled with strategic initiatives like the pending merger with Publicis, positions LiveRamp favorably for future expansion. As the company continues to evolve, it aims to enhance its services while adhering to data privacy standards, thereby driving value for shareholders and stakeholders alike.
