Royalty Pharma (RPRX) Operating Margin (2019 - 2026)
Royalty Pharma's Operating Margin was 19.75% in Q2 2026, down 16.51 percentage points from 36.26% a year earlier and down 69.54 percentage points from the prior quarter.
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Analysis
Royalty Pharma (RPRX) Operating Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Royalty Pharma's Operating Margin was 59.61% through Jun 30, 2026, down 20.23 percentage points year-over-year; for FY2025, it came in at 65.58%, up 8.48 percentage points from FY2024.
- Operating Margin shows a five-year change of -9.60 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 57.10% in FY2024 (-6.28 pp), 63.37% in FY2023 (+49.65 pp), 13.73% in FY2022 (-48.77 pp) and 62.49% in FY2021 (-12.68 pp).
- The Q2 2026 figure marks the lowest quarterly Operating Margin since Q1 2024.
- Compared with a year earlier, Operating Margin was higher in three of the last eight quarters, with an average year-over-year change of +9.17 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q4 2023 (a gain of 188.14 percentage points); the worst was Q4 2022 (a drop of 111.96 percentage points).
- Per Business Quant data, RPRX's Operating Margin in the three quarters before Q2 2026 was 89.29% (Q1 2026), 62.44% (Q4 2025) and 70.11% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 43.85 Bn | 44.35 Bn | - | 15.28% |
| 2 | Rocket Companies | 43.67 Bn | 29.35 Bn | - | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.48 Bn | - | 19.75% |
| 4 | Federal National Mortgage Association Fannie Mae | 25.52 Bn | 25.52 Bn | - | - |
| 5 | Synchrony Financial | 23.24 Bn | -44.73 Bn | - | - |
| 6 | Affirm Holdings | 22.66 Bn | 16.35 Bn | - | 12.63% |
| 7 | Royal Gold | 20.35 Bn | 19.57 Bn | 390.45 Mn | 62.13% |
| 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 | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.75% |
| Mar 31, 2026 | 89.29% |
| Dec 31, 2025 | 62.44% |
| Sep 30, 2025 | 70.11% |
| Jun 30, 2025 | 36.26% |
| Mar 31, 2025 | 94.01% |
| Dec 31, 2024 | 60.90% |
| Sep 30, 2024 | 130.17% |
| Jun 30, 2024 | 50.19% |
| Mar 31, 2024 | -12.99% |
| Dec 31, 2023 | 102.82% |
| Sep 30, 2023 | 28.24% |
| Jun 30, 2023 | 46.24% |
| Mar 31, 2023 | 70.03% |
| Dec 31, 2022 | -85.31% |
| Sep 30, 2022 | 33.52% |
| Jun 30, 2022 | 70.49% |
| Mar 31, 2022 | 39.09% |
| Dec 31, 2021 | 26.65% |
| Sep 30, 2021 | 51.74% |
API Access
Royalty Pharma Operating 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=operating-margin&ticker=RPRX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=RPRX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();