v3.25.2
Shareholders' Equity - Narrative (Details)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
vote
quarterly_dividend
class
$ / shares
shares
Mar. 31, 2025
quarterly_dividend
$ / shares
shares
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2025
USD ($)
vote
class
$ / shares
shares
Jun. 30, 2025
USD ($)
vote
class
£ / shares
shares
Jun. 30, 2024
USD ($)
$ / shares
shares
Sep. 30, 2025
USD ($)
Jan. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
shares
Mar. 31, 2024
shares
Dec. 31, 2023
shares
Class of Stock [Line Items]                      
Number of classes of stock | class 2     2 2            
Number of votes per share | vote 1     1 1            
Quarterly conversion basis (in shares) 100.00%     100.00% 100.00%            
Stock repurchase program, authorized repurchase amount               $ 3,000,000,000      
Stock repurchased and retired value during the period $ 276,935,000   $ 84,426,000 $ 1,000,044,000   $ 84,426,000          
Share repurchase program, remaining authorized, amount 2,000,000,000     $ 2,000,000,000 $ 2,000,000,000            
Percentage of net economic profit       20.00%              
Portfolio investment period       2 years              
Requisite service period (in years)       4 years              
Decrease from distributions to noncontrolling interest holders 136,929,000   $ 129,728,000 $ 308,373,000   254,139,000          
Distributions to continuing non-controlling interests       92,438,000   $ 62,693,000          
Distributions payable to non-controlling interests $ 98,197,000     98,197,000 $ 98,197,000       $ 75,811,000    
Number of quarterly cash dividends | quarterly_dividend 2 2                  
Dividends paid (in dollars per share) | $ / shares $ 0.22 $ 0.22                  
Dividends declared and paid       188,700,000              
Equity Performance Awards                      
Class of Stock [Line Items]                      
Decrease from distributions to noncontrolling interest holders $ 1,000,000     42,400,000              
Distributions to continuing non-controlling interests       $ 21,900,000              
Distributions settled $ 19,700,000                    
Equity Performance Awards | Forecast                      
Class of Stock [Line Items]                      
Distributions payable to non-controlling interests             $ 800,000        
RP Holdings Class E Interests Holders                      
Class of Stock [Line Items]                      
Vested (in shares) | shares 718,800     718,800 718,800            
RP Holdings Class E Interests Holders | RP Holdings                      
Class of Stock [Line Items]                      
Number of equity shares issued (in shares) | shares       24,500,000              
Share exchange basis | shares       1              
RP Holdings | RP Holdings Class E Interests Holders                      
Class of Stock [Line Items]                      
Noncontrolling interest (as percent) 4.00%     4.00% 4.00%            
RP Holdings | Continuing Investors Partnerships                      
Class of Stock [Line Items]                      
Noncontrolling interest (as percent) 22.00%   24.00% 22.00% 22.00% 24.00%          
Royalty Pharma plc                      
Class of Stock [Line Items]                      
Ownership percentage (as a percent) 74.00%   76.00% 74.00% 74.00% 76.00%          
Deferred Shares                      
Class of Stock [Line Items]                      
Shares, outstanding (in shares) | shares 409,032,000 394,513,000 390,055,000 409,032,000 409,032,000 390,055,000     392,255,000 388,927,000 384,640,000
Class A Ordinary Shares                      
Class of Stock [Line Items]                      
Common shares outstanding (in shares) | shares 432,288,000     432,288,000 432,288,000       445,985,000    
Stock repurchased and retired during period (in shares) | shares       31,200,000   3,100,000          
Stock repurchased and retired value during the period       $ 1,000,000,000   $ 84,400,000          
Dividends paid (in dollars per share) | $ / shares $ 0.22   $ 0.21 $ 0.44   $ 0.42          
Class B Ordinary Shares                      
Class of Stock [Line Items]                      
Common shares outstanding (in shares) | shares 150,881,000     150,881,000 150,881,000       143,128,000    
Class R Redeemable Shares                      
Class of Stock [Line Items]                      
Common shares outstanding (in shares) | shares 50,000     50,000 50,000       50,000    
Shares, outstanding (in shares) | shares 50,000     50,000 50,000            
Redeemable stock, redemption price (in pound per share) | £ / shares         $ 1