LiveRamp profitability surges in fourth quarter to close out fiscal 2026

LiveRamp Holdings (NYSE:RAMP) reported accelerated profitability and steady top-line growth for its fourth quarter and fiscal year ended March 31, 2026.

The San Francisco-based data collaboration platform posted fourth-quarter total revenue of $206 million, representing a 9% increase compared to the same period last year.

The expansion was underpinned by a 9% rise in subscription revenue to $158 million and an 11% increase in marketplace and other revenue to $49 million.

The company achieved a significant turnaround in its operating metrics during the three-month period.

GAAP income from operations swung to a profit of $15 million, equivalent to a 7% operating margin, recovering from an operating loss of $12 million in the prior-year period.

Non-GAAP operating income jumped 75% to $40 million, expanding non-GAAP operating margins by 7 percentage points to 20%.

GAAP diluted earnings per share reached $1.12, aided by the release of deferred tax valuation allowances, while non-GAAP diluted EPS came in at $0.52.

Operating cash flow for the quarter stood at $59 million.

For the full fiscal year 2026, LiveRamp's total revenue grew 9% to $813 million.

The company generated $168 million in net cash from operating activities, up from $154 million in fiscal 2025.

Leveraging its liquid position, the platform aggressively returned capital to investors, deploying $76 million to buy back 2.8 million shares in the fourth quarter alone, which brought total fiscal 2026 share repurchases to $194 million.

As of March 31, 2026, the company maintained $262 million in remaining capacity under its authorized share buyback program.