Filing Flows › Peloton Interactive (PTON) › Q1 FY27 › vs Q4 FY26
Peloton Interactive (PTON) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Peloton Interactive's revenue fell $48.5M (-8%) from $608M in Q4 FY26 to $559M in Q1 FY27. The biggest changes: Subscription −$25.9M (-6%); Connected Fitness Products −$22.6M (-13%). Gross margin 61.3% against 56.7% (+4.6 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 61.3% | 56.7% | +4.6 pts |
| Operating margin | 20.8% | 13.4% | +7.5 pts |
| Net margin | 17.2% | 10.1% | +7.1 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Subscription | $411M | $437M | −$25.9M | -6% |
| Connected Fitness Products | $148M | $171M | −$22.6M | -13% |
| Revenue | $559M | $608M | −$48.5M | -8% |
| Gross profit | $343M | $344M | −$1.8M | -0.5% |
| Cost of revenue | $217M | $263M | −$46.7M | -18% |
| Operating profit | $116M | $81.2M | $35.2M | +43% |
| Operating expenses | $226M | $263M | −$37.0M | -14% |
| Pre-tax earnings | $97.7M | $60.6M | $37.1M | +61% |
| Other expense, net | $18.7M | $20.6M | −$1.9M | -9% |
| Research & development | $56.9M | $56.9M | $0 | 0% |
| Sales & marketing | $76.6M | $83.5M | −$6.9M | -8% |
| General & admin | $92.4M | $116M | −$23.8M | -20% |
| Net earnings | $96.2M | $61.6M | $34.6M | +56% |
| Income tax | $1.5M | −$1.0M | $2.5M | — |
| Depreciation & amortization | $11.3M | $11.5M | −$200K | -2% |
| Share-based compensation | $39.9M | $43.0M | −$3.1M | -7% |
| Working capital & other | $1.7M | $25.0M | −$23.3M | -93% |
| Operating cash flow | $146M | $91.1M | $54.6M | +60% |
Questions
How much did Peloton Interactive's revenue grow quarter over quarter in Q1 FY27?
Peloton Interactive's revenue fell $48.5M (-8%) from $608M in Q4 FY26 to $559M in Q1 FY27.
What drove Peloton Interactive's revenue change in Q1 FY27?
Subscription −$25.9M (-6%); Connected Fitness Products −$22.6M (-13%).