LiveRamp (RAMP) Q4 2026 earnings summary

Executive summary

• Q4 FY26 revenue grew 9% year-over-year to $206M, with subscription revenue up 9% and marketplace & other revenue up 11%.

• Annual Recurring Revenue (ARR) reached $545M, growing 8% year-over-year.

• 76% of revenue over the trailing twelve months came from subscriptions.

• Fiscal year 2026 revenue reached $813M, up 9% year-over-year, with record annual operating cash flow of $168M.

• Entered a definitive agreement to be acquired by Publicis Groupe for $2.5 billion in an all-cash transaction, representing a 30% premium to the prior closing price.

Financial highlights

• Q4 GAAP gross profit was $146M (71% margin), up 11%; non-GAAP gross profit was $149M (72% margin), up 10%.

• Q4 GAAP operating income was $15M; non-GAAP operating income was $40M, up 75% YoY.

• Q4 GAAP net earnings were $71M; non-GAAP net earnings were $33M, up 66% YoY.

• FY26 GAAP operating income was $83M (10% margin), up from $5M; non-GAAP operating income was $182M (22% margin), up 34%.

• Free cash flow for the quarter was $59M, with a trailing twelve months free cash flow margin of 20%.

• Free cash flow for FY26 was $166.4M, up from $152.9M.

• Net cash from operating activities for FY26 was $168M, up from $154M.

• Share repurchases in FY26 totaled $194M (7.1M shares); $262M remains authorized through 2027.

Outlook and guidance

• No financial guidance provided due to pending acquisition by Publicis Groupe.

• Remaining Performance Obligations (RPO) at quarter-end were $760M, up 7% YoY, with current RPO up 10% YoY.