Q2 vs LiveRamp
LiveRamp reported revenue of $813 million in fiscal 2026, about the same as Q2's $795 million in fiscal 2025. Q2's revenue grew 14.1% in its latest year, and LiveRamp's grew 9.0%. Q2 had an operating margin of 5.0%, against 10.3% at LiveRamp. Free cash flow was $195 million at Q2 and $166 million at LiveRamp. Their fiscal years end in different months (December 31 and March 31), so the periods don't line up exactly.
Side by side
| Q2 | LiveRamp | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Mar 31, 2026 |
| Revenue | $795M | $813M |
| Revenue growth | 14.1% | 9.0% |
| Revenue growth a year, last 5 years | 14.6% | 12.9% |
| Gross margin | 54.1% | 70.7% |
| Operating margin | 5.0% | 10.3% |
| Net margin | 6.5% | 17.9% |
| Free cash flow | $195M | $166M |
| Free cash flow margin | 24.5% | 20.5% |
| Return on capital | 6.9% | 15.0% |
| Net debt to EBITDA | −1.4x | −4.0x |
| Dividends and buybacks | $5M | $194M |
| Change in diluted share count | 8.3% | −1.6% |
| Last close | $73.92 | $38.50 |
| P/E at the last close | 43.7× | 15.9× |
| Insider trades, last 12 months | sold $31.5 million | sold $169,866 |
| Piotroski F-score | 7 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Q2LiveRamp
Operating margin
Percent of revenue
Q2LiveRamp
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Q2LiveRamp