Filing Flows › Peloton Interactive (PTON) › Q1 FY27 › vs Q1 FY26
Peloton Interactive (PTON) Q1 FY27 vs Q1 FY26 (year over year)
Peloton Interactive's revenue rose $8.4M (+2%) from $551M in Q1 FY26 to $559M in Q1 FY27. The biggest changes: Subscription +$12.3M (+3%); Connected Fitness Products −$3.9M (-3%). Gross margin 61.3% against 51.5% (+9.8 pts).
Peloton Interactive, Q1 FY27: revenue $559M (+2% year over year), operating margin 20.8%, net earnings $96.2M, operating cash flow $146M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 61.3% | 51.5% | +9.8 pts |
| Operating margin | 20.8% | 7.5% | +13.3 pts |
| Net margin | 17.2% | 2.5% | +14.7 pts |
| Free cash flow margin | 25.6% | 12.2% | +13.4 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Subscription | $411M | $398M | $12.3M | +3% |
| Connected Fitness Products | $148M | $152M | −$3.9M | -3% |
| Revenue | $559M | $551M | $8.4M | +2% |
| Gross profit | $343M | $284M | $58.9M | +21% |
| Cost of revenue | $217M | $267M | −$50.5M | -19% |
| Operating profit | $116M | $41.3M | $75.1M | +182% |
| Operating expenses | $226M | $242M | −$16.2M | -7% |
| Pre-tax earnings | $97.7M | $14.6M | $83.1M | +569% |
| Other expense, net | $18.7M | $26.7M | −$8.0M | -30% |
| Research & development | $56.9M | $62.1M | −$5.2M | -8% |
| Sales & marketing | $76.6M | $66.8M | $9.8M | +15% |
| General & admin | $92.4M | $101M | −$8.4M | -8% |
| Net earnings | $96.2M | $13.9M | $82.3M | +592% |
| Income tax | $1.5M | $700K | $800K | +114% |
| Depreciation & amortization | $11.3M | $16.8M | −$5.5M | -33% |
| Share-based compensation | $39.9M | $47.2M | −$7.3M | -15% |
| Working capital & other | $1.7M | $6.0M | −$4.3M | -72% |
| Operating cash flow | $146M | $71.9M | $73.8M | +103% |
| Free Cash Flow (company-reported) | $143M | $67.4M | $76.0M | +113% |
| Capital expenditures | $2.3M | $4.5M | −$2.2M | -49% |
Questions
How much did Peloton Interactive's revenue grow year over year in Q1 FY27?
Peloton Interactive's revenue rose $8.4M (+2%) from $551M in Q1 FY26 to $559M in Q1 FY27.
What drove Peloton Interactive's revenue change in Q1 FY27?
Subscription +$12.3M (+3%); Connected Fitness Products −$3.9M (-3%).