Filing Flows › Peloton Interactive (PTON) › Q1 FY27
Peloton Interactive (PTON) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 5, 2026
Peloton Interactive (PTON) reported revenue of $559M for the first quarter fiscal 2027 (Q1 FY27), +2% from a year earlier and -8% from the quarter before. Operating margin was 20.8%, net earnings $96.2M (17.2% of revenue).
Peloton Interactive, Q1 FY27: revenue $559M (+2% year over year), operating margin 20.8%, net earnings $96.2M, operating cash flow $146M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $559M | -8% | +2% |
| Gross profit | $343M | -0.5% | +21% |
| Operating profit | $116M | +43% | +182% |
| Net earnings | $96.2M | +56% | +592% |
| Operating cash flow | $146M | +60% | +103% |
| Free cash flow | $143M | — | +113% |
What changed
Revenue was $559.2M in Q1 FY27, up 2% year over year and down 8% from the previous quarter. Subscription was the largest line at 73% of revenue. Subscription added $12.3M year over year (up 3%), 146% of the total change. Connected Fitness Products declined 3%.
Gross margin was 61.3%, up 9.8 points from Q1 FY26. Operating profit was $116.4M, a 20.8% margin (up 13.3 points year over year). Of the extra revenue versus Q1 FY26, 894% reached operating profit, above the 7% margin then. Operating expenses fell 7% while revenue rose 2%. The fastest-growing cost line was Sales & marketing (+15%). Net earnings were $96.2M, up 592% year over year. The effective tax rate was 1.5%.
Operating cash flow was $145.7M (up 103% year over year), 151% of net earnings. Non-cash charges added back $11.3M of depreciation and amortization and $39.9M of share-based compensation. After capital expenditures ($2.3M), free cash flow as the company reports it was $143.4M.
Questions
What was Peloton Interactive's revenue in the first quarter fiscal 2027?
Peloton Interactive (PTON) reported revenue of $559M for the first quarter fiscal 2027 (Q1 FY27), +2% from a year earlier and -8% from the quarter before.
Was Peloton Interactive profitable in the first quarter fiscal 2027?
Operating profit was $116M (20.8% of revenue) and net earnings $96.2M.