Royalty Pharma (RPRX) Net Margin (2019 - 2026)
Royalty Pharma's Net Margin came in at 2.65% for Q2 2026, down 2.91 percentage points from 5.56% a year earlier and down 44.08 percentage points from the prior quarter.
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Analysis
Royalty Pharma (RPRX) Net Margin (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Royalty Pharma reported Net Margin of 32.14%, down 12.27 percentage points year-over-year; for FY2025, it came in at 32.42%, down 5.53 percentage points from FY2024.
- Net Margin carries a five-year change of -13.52 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 37.95% in FY2024 (-10.25 pp), 48.20% in FY2023 (+46.28 pp), 1.91% in FY2022 (-25.15 pp) and 27.07% in FY2021 (-18.87 pp).
- The Q2 2026 figure represents the lowest quarterly Net Margin since Q1 2024.
- Year-over-year, Net Margin increased in three of the last eight quarters, with an average year-over-year change of +1.87 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q4 2023 (a gain of 163.55 percentage points), and the weakest in Q4 2022 (a drop of 81.99 percentage points).
- Business Quant data shows RPRX's Net Margin at 46.73% (Q1 2026), 34.44% (Q4 2025) and 47.30% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 43.85 Bn | 44.35 Bn | - | 32.04% |
| 2 | Rocket Companies | 43.67 Bn | 29.35 Bn | - | 8.26% |
| 3 | Royalty Pharma | 33.56 Bn | 33.48 Bn | - | 2.65% |
| 4 | Federal National Mortgage Association Fannie Mae | 25.52 Bn | 25.52 Bn | - | 2.02% |
| 5 | Synchrony Financial | 23.24 Bn | -44.73 Bn | - | 18.21% |
| 6 | Affirm Holdings | 22.66 Bn | 16.35 Bn | - | 138.65% |
| 7 | Royal Gold | 20.35 Bn | 19.57 Bn | 390.45 Mn | 52.47% |
| 8 | Annaly Capital Management | 15.27 Bn | 6.37 Bn | - | - |
| 9 | Ares Capital | 13.74 Bn | 11.17 Bn | - | - |
| 10 | Federal Home Loan Mortgage | 12.68 Bn | -6.06 Bn | - | -0.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.65% |
| Mar 31, 2026 | 46.73% |
| Dec 31, 2025 | 34.44% |
| Sep 30, 2025 | 47.30% |
| Jun 30, 2025 | 5.56% |
| Mar 31, 2025 | 42.12% |
| Dec 31, 2024 | 35.07% |
| Sep 30, 2024 | 96.33% |
| Jun 30, 2024 | 18.99% |
| Mar 31, 2024 | 0.84% |
| Dec 31, 2023 | 82.93% |
| Sep 30, 2023 | 13.45% |
| Jun 30, 2023 | 42.29% |
| Mar 31, 2023 | 49.82% |
| Dec 31, 2022 | -80.62% |
| Sep 30, 2022 | 24.88% |
| Jun 30, 2022 | 56.82% |
| Mar 31, 2022 | 9.21% |
| Dec 31, 2021 | 1.37% |
| Sep 30, 2021 | 17.40% |
API Access
Royalty Pharma Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=RPRX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "RPRX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=RPRX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();