At a glance
Liveramp Holdings Inc is worth $2.32B, about 17 times its fiscal 2026 earnings. Revenue grew 9.0% to $812.9M in fiscal 2026, with 18.0% kept as profit; over 5 years it has grown 12.9% a year. It pays no dividend; it spent $564.9M buying back its shares over FY2022–FY2026. The stock returned +36.8% over the past year with dividends reinvested and −6.3% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 32.9% in the 2020 crash (S&P 500: 33.7%) and 65.4% in the 2022 bear market (S&P 500: 24.5%).
The business in plain English
LiveRamp, formerly known as Acxiom, sells technology that helps companies use customer data for marketing. Its core task is matching identities. One shopper might show up as several email addresses, a browser cookie (a small file websites use to recognize a visitor) and a streaming-device ID. LiveRamp links those scattered identifiers to one person. That lets a brand reach the right audience and measure whether its ads led to sales. The company calls this “data collaboration”: businesses share customer data with trusted partners securely and within privacy rules.
Its network links advertisers, ad tech platforms, publishers, data providers and commerce media networks, such as retailers that sell ads using their own shopper data. Direct customers include many well-known brands in finance, insurance, retail, autos, telecom, consumer goods, media, healthcare and travel. It serves thousands more companies through partners. LiveRamp is based in San Francisco and serves customers from the US, Europe and Asia-Pacific.
In the fiscal year ended March 31, 2026, revenue rose 9% to $812.9 million. Subscriptions to the LiveRamp platform, which customers renew over time, brought in $614.4 million, or 75.6%. The Marketplace and Other business supplied $198.6 million, or 24.4%. On May 16, 2026, LiveRamp agreed to be acquired by a US unit of France's Publicis Groupe for $38.50 a share in cash.
Price history
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RAMP +36.8% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Subscription | $614.4M | 75.6% |
| Marketplace and Other | $198.6M | 24.4% |
Latest results
- In Q1 FY2027 (ended Jun 30, 2026), revenue was $214.0M, up 9.8% from a year earlier, and net income was $17.5M (+126.1%).
- For fiscal 2026, revenue was $812.9M (+9.0% year over year; +12.9% a year from FY2021 to FY2026) with a 18% net margin.
Financial health check
| Revenue growth a year (FY2021–FY2026) | +12.9% good |
|---|---|
| Operating margin | 10.3% watch |
| Free cash flow margin | 20.5% good |
| Return on equity (FY2026) | 15% good |
| Return on assets (FY2026) | 11.3% good |
| Cash and investments | $371.0M (no borrowings found in the filings) good |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $443.0M | $-90.3M | $-22.7M |
| FY2022 | $528.7M | $-33.8M | $73.6M |
| FY2023 | $596.6M | $-118.7M | $29.7M |
| FY2024 | $659.7M | $11.9M | $101.4M |
| FY2025 | $745.6M | $-814K | $152.9M |
| FY2026 | $812.9M | $146.0M | $166.4M |
Valuation snapshot
| Market value | $2.32B |
|---|---|
| P/E ratio | 17 |
| Dividend yield | 0% |
Rank among 1514 US companies
Market value at each year end
Liveramp Holdings’s market value went from $3.04B at the end of 2018 to $2.32B on Oct 28, 2026, down 24%; since the end of 2025 it is up 24%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $2.32B | +24.0% |
| 2025 | $1.87B | -5.7% |
| 2024 | $1.98B | -20.1% |
| 2023 | $2.48B | +59.3% |
| 2022 | $1.56B | -52.3% |
| 2021 | $3.27B | -32.7% |
| 2020 | $4.85B | +49.1% |
| 2019 | $3.25B | +6.9% |
| 2018 | $3.04B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| RAMP price data to Oct 28, 2026 | +29.9% | +36.8% | +11.7% | -6.3% | — |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +29.9% |
| 2025 | -3.3% |
| 2024 | -19.8% |
| 2023 | +61.6% |
| 2022 | -51.1% |
| 2021 | -34.5% |
| 2020 | +52.3% |
| 2019 | +24.4% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 28.9% over that stretch · deepest drop along the way 32.9%, back to its old high 2.2 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 65.4% over that stretch · deepest drop along the way 65.4%, not recovered by the end of the data |
Insider activity
Form 4 filings from 2025-11-03 to 2026-11-03 (25 read): 0 open-market purchases and 0 sales ($0.00).
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 15.3% | Mar 31, 2025 |
| Vanguard Portfolio Management | 7.88% | Sep 30, 2026 |
| Vanguard Capital Management | 5.19% | Jun 30, 2026 |
ETFs with the most weight in RAMP
| TMFS Motley Fool Small-Cap Growth ETF | 2.98% |
| CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF | 1.41% |
| NIXT Research Affiliates Deletions ETF | 0.62% |
| FSCC Federated Hermes MDT Small Cap Core ETF | 0.5% |
| SMIZ Zacks Small/Mid Cap ETF | 0.48% |
| SFLO VictoryShares Small Cap Free Cash Flow ETF | 0.42% |
| SIXL ETC 6 Meridian Low Beta Equity ETF | 0.4% |
| VUSE Vident U.S. Equity Strategy ETF | 0.39% |
What could go wrong
- The Publicis deal might not close. Closing requires approval by holders of two-thirds of the shares, plus US antitrust, overseas and CFIUS (US national-security) clearances. If the deal fails, the stock could fall, since its price may assume the deal closes.
- The pending deal ties the company's hands. Until closing, LiveRamp faces limits on major transactions and other moves and keeps paying legal and advisory bills. In some cases it would owe Publicis a breakup fee if the agreement ends.
- Shareholders give up future gains. If the deal closes, each share becomes $38.50 in cash and the stock is delisted. Owners give up any later growth, and the deal terms discourage rival bidders from offering more.
- Cookie limits and tighter privacy rules. Browsers, devices and regulators keep restricting third-party cookies (trackers set by outside companies) and similar tools. New privacy laws could limit how LiveRamp collects and uses data, raising costs and cutting demand.
- Data suppliers could pull their data. LiveRamp relies on outside suppliers for data. If they withdraw data already provided or hold back new data, it may be unable to offer some products, and revenue and customer confidence could suffer.
- Depends on renewals and key contracts. In fiscal 2026, 75.6% of revenue came from subscriptions, so results depend on customers renewing and spending more. Losing a contract that supplies a significant share of revenue could hurt results.
Recent events
- Acquisition or sale of assets completed; Listing notice from the exchange; Change to shareholder rights; Change in control; Executive or board change; Bylaws or fiscal year changed
- Executive or board change
- Executive or board change
- Executive or board change; Shareholder vote results
- Other company announcement
- Quarterly results released
- Executive or board change
- Major agreement signed; Quarterly results released; Executive or board change; Bylaws or fiscal year changed; Investor presentation or announcement
- Executive or board change
- Executive or board change
For income and retirement investors
LiveRamp pays no dividend. It paid none in fiscal 2022 through fiscal 2026 (its years end March 31), so the stock provides no regular income. Anyone wanting cash from it would have to sell shares. Instead, the company has used buybacks (purchases of its own stock), spending $564.9 million over those five years, including $194.5 million in fiscal 2026. The share count fell 10.5% between August 2021 and July 2026.
The shares have fallen hard in market slumps. In the 2020 COVID crash they dropped 32.9% from February 21 to March 16, 2020, then recovered by May 22, 2020. In the 2022 bear market they fell 65.4% from January 3 to October 12, 2022, and had not regained that peak as of October 28, 2026. If the Publicis deal closes, each share becomes $38.50 in cash, leaving holders with money to reinvest. A single stock carries more risk than a diversified fund holding many companies.
Questions investors ask
How does LiveRamp make money?
Mostly through subscriptions. In the fiscal year ended March 31, 2026, subscriptions to the LiveRamp platform brought in $614.4 million, or 75.6% of its $812.9 million in revenue. The Marketplace and Other business supplied the other $198.6 million, or 24.4%. Brands, publishers, ad tech platforms and retailers use LiveRamp to connect customer data with partners, recognize the same person across devices and channels, and target and measure ads more precisely.
Is LiveRamp being bought by Publicis?
Yes, LiveRamp has agreed to a sale. On May 16, 2026, it agreed to be acquired by a US subsidiary of France's Publicis Groupe for $38.50 per share in cash. The company expected the deal to close by the end of calendar 2026. Its 10-K, filed May 21, 2026, says closing requires several things: approval from holders of two-thirds of the voting shares, US and overseas antitrust clearance, foreign-investment approvals, and a CFIUS review, the US government's national-security check on foreign buyers.
What happens to LiveRamp shares if the Publicis deal goes through?
Each share would be converted into the right to receive $38.50 in cash, without interest, and the stock would be delisted from the New York Stock Exchange. Shareholders would give up any future gains in the business. In a taxable account, a cash buyout is generally treated like a sale. If the deal fails, LiveRamp would stay public. Its 10-K warns that the share price could then fall, especially if the price assumes the deal will close.
Does LiveRamp pay a dividend?
No. LiveRamp paid no dividends from fiscal 2022 through fiscal 2026, and its dividend yield was 0% as of October 28, 2026. Instead, it has returned cash through share buybacks, spending $564.9 million over those five fiscal years, including $194.5 million in fiscal 2026. Its share count fell 10.5% from August 2, 2021 to July 31, 2026. Investors who rely on portfolio income would get no regular payments from this stock.
Is LiveRamp profitable?
Yes, in its latest full fiscal year. For the year ended March 31, 2026, LiveRamp earned $146.0 million, or $2.24 per diluted share, on $812.9 million of revenue. That followed net losses in fiscal 2021, 2022, 2023 and 2025, including $118.7 million in fiscal 2023. Operating income was lower, at $83.5 million, so part of the profit came from outside day-to-day operations. Free cash flow, the cash left after running and investing in the business, was $166.4 million.