Royalty Pharma free cash flow 2017–2026What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
Royalty Pharma's free cash flow in Q3 FY2026, the three months to 30 September 2026, was 686.08M USD, down 2.4% on the same quarter a year before. Royalty Pharma's free cash flow over the last twelve months was 2.96B USD, up 23.1% on the twelve months before. In fiscal year 2025 it was 2.49B USD, down 10.1% on the year before.
Last updated 6 Nov 2026 · Next report 10 Feb 2027
Free cash flow
Growth
| Fiscal year | Period ending | Free cash flow | Growth | Free cash flow margin | Operating cash flow | Capital expenditure | Free cash flow per share |
|---|---|---|---|---|---|---|---|
| TTM | 30 Sept 2026 | 2.96B | +23.06% | 113.12% | 2.96B | — | 5.30 |
| FY2025 | 31 Dec 2025 | 2.49B | -10.08% | 104.69% | 2.49B | 0.00 | 4.45 |
| FY2024 | 31 Dec 2024 | 2.77B | -7.32% | 122.33% | 2.77B | 0.00 | 4.66 |
| FY2023 | 31 Dec 2023 | 2.99B | +39.36% | 126.89% | 2.99B | 0.00 | 4.96 |
| FY2022 | 31 Dec 2022 | 2.14B | +6.27% | 95.83% | 2.14B | 0.00 | 3.80 |
| FY2021 | 31 Dec 2021 | 2.02B | -0.84% | 88.12% | 2.02B | 0.00 | 4.86 |
| FY2020 | 31 Dec 2020 | 2.03B | +22.04% | 95.87% | 2.03B | 0.00 | 5.24 |
| FY2019 | 31 Dec 2019 | 1.67B | +3.02% | 91.90% | 1.67B | 0.00 | 4.71 |
| FY2018 | 31 Dec 2018 | 1.62B | +14.10% | 90.16% | 1.62B | 0.00 | 4.57 |
| FY2017 | 31 Dec 2017 | 1.42B | — | 88.76% | 1.42B | 0.00 | 4.00 |
| Quarter | Period ending | Free cash flow | Growth on a year before | Free cash flow margin | Operating cash flow | Capital expenditure | Free cash flow per share |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 686.08M | -2.35% | 99.43% | 686.08M | 0.00 | 1.23 |
| Q2 FY2026 | 30 Jun 2026 | 686.16M | +88.51% | 101.78% | 686.16M | 0.00 | 1.23 |
| Q1 FY2026 | 31 Mar 2026 | 760.54M | +27.59% | 120.61% | 760.54M | 0.00 | 1.36 |
| Q4 FY2025 | 31 Dec 2025 | 827.15M | +11.40% | 132.98% | 827.15M | 0.00 | 1.48 |
| Q3 FY2025 | 30 Sept 2025 | 702.62M | -0.14% | 115.32% | 702.62M | 0.00 | 1.26 |
| Q2 FY2025 | 30 Jun 2025 | 363.98M | -44.70% | 62.90% | 363.98M | 0.00 | 0.65 |
| Q1 FY2025 | 31 Mar 2025 | 596.08M | -10.32% | 104.90% | 596.08M | 0.00 | 1.03 |
| Q4 FY2024 | 31 Dec 2024 | 742.53M | -3.90% | 125.08% | 742.53M | 0.00 | 1.26 |
| Q3 FY2024 | 30 Sept 2024 | 703.61M | +22.68% | 124.60% | 703.61M | 0.00 | 1.19 |
| Q2 FY2024 | 30 Jun 2024 | 658.21M | +8.29% | 122.51% | 658.21M | 0.00 | 1.10 |
| Q1 FY2024 | 31 Mar 2024 | 664.64M | -35.71% | 117.02% | 664.64M | 0.00 | 1.11 |
| Q4 FY2023 | 31 Dec 2023 | 772.63M | +35.57% | 129.62% | 772.63M | 0.00 | 1.28 |
| Q3 FY2023 | 30 Sept 2023 | 573.52M | +6.44% | 106.94% | 573.52M | 0.00 | 0.95 |
| Q2 FY2023 | 30 Jun 2023 | 607.82M | +5.72% | 112.93% | 607.82M | 0.00 | 1.00 |
| Q1 FY2023 | 31 Mar 2023 | 1.03B | +124.62% | 151.15% | 1.03B | 0.00 | 1.70 |
| Q4 FY2022 | 31 Dec 2022 | 569.93M | +16.32% | 100.74% | 569.93M | 0.00 | 1.09 |
| Q3 FY2022 | 30 Sept 2022 | 538.83M | +14.70% | 93.96% | 538.83M | 0.00 | 0.89 |
| Q2 FY2022 | 30 Jun 2022 | 574.95M | +8.13% | 107.28% | 574.95M | 0.00 | 0.95 |
| Q1 FY2022 | 31 Mar 2022 | 460.27M | -12.51% | 81.89% | 460.27M | 0.00 | 0.76 |
| Q4 FY2021 | 31 Dec 2021 | 489.96M | -13.39% | 85.11% | 489.96M | 0.00 | 0.96 |
| Q3 FY2021 | 30 Sept 2021 | 469.76M | -7.68% | 80.19% | 469.76M | 0.00 | 0.77 |
| Q2 FY2021 | 30 Jun 2021 | 531.72M | +8.74% | 95.81% | 531.72M | 0.00 | 0.88 |
| Q1 FY2021 | 31 Mar 2021 | 526.10M | +11.67% | 91.81% | 526.10M | 0.00 | 0.87 |
| Q4 FY2020 | 31 Dec 2020 | 565.67M | +18.24% | 98.87% | 565.67M | 0.00 | 1.46 |
| Q3 FY2020 | 30 Sept 2020 | 508.85M | +21.43% | 94.51% | 508.85M | 0.00 | 1.38 |
| Q2 FY2020 | 30 Jun 2020 | 489.00M | +45.19% | 95.71% | 489.00M | 0.00 | 1.38 |
| Q1 FY2020 | 31 Mar 2020 | 471.10M | +8.80% | 94.06% | 471.10M | 0.00 | 1.34 |
| Q4 FY2019 | 31 Dec 2019 | 478.43M | — | 104.58% | 478.43M | 0.00 | 1.36 |
| Q3 FY2019 | 30 Sept 2019 | 419.03M | — | 90.25% | 419.03M | 0.00 | 1.18 |
| Q2 FY2019 | 30 Jun 2019 | 336.79M | — | 73.60% | 336.79M | 0.00 | 0.95 |
| Q1 FY2019 | 31 Mar 2019 | 432.99M | — | 99.56% | 432.99M | 0.00 | 1.22 |
Figures in USD. Free cash flow is operating cash flow less capital expenditure. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Total debt,Stock buybacks,Cash flow
Common questions about Royalty Pharma's free cash flow
Source: Financial Modeling Prep
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