Filing Flows › Peloton Interactive (PTON) › Q4 FY26 › vs Q4 FY25
Peloton Interactive (PTON) Q4 FY26 vs Q4 FY25 (year over year)
Peloton Interactive's revenue rose $800K (+0.1%) from $607M in Q4 FY25 to $608M in Q4 FY26. Gross margin 56.7% against 54.1% (+2.6 pts).
Peloton Interactive, Q4 FY26: revenue $608M (+0.1% year over year), operating margin 13.4%, net earnings $61.6M, operating cash flow $91.1M. The chart draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Gross margin | 56.7% | 54.1% | +2.6 pts |
| Operating margin | 13.4% | 4.9% | +8.5 pts |
| Net margin | 10.1% | 3.6% | +6.6 pts |
| Free cash flow margin | 14.6% | 18.5% | -3.9 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $608M | $607M | $800K | +0.1% |
| Gross profit | $344M | $328M | $16.3M | +5% |
| Cost of revenue | $263M | $279M | −$15.5M | -6% |
| Operating profit | $81.2M | $29.6M | $51.6M | +174% |
| Operating expenses | $263M | $298M | −$35.3M | -12% |
| Pre-tax earnings | $60.6M | $22.7M | $37.9M | +167% |
| Other expense, net | $20.6M | $6.9M | $13.7M | +199% |
| Research & development | $56.9M | $55.8M | $1.1M | +2% |
| Sales & marketing | $83.5M | $80.5M | $3.0M | +4% |
| General & admin | $116M | $125M | −$8.9M | -7% |
| Other operating costs | $6.6M | $37.1M | −$30.5M | -82% |
| Income tax benefit | $1.0M | −$1.1M | $2.1M | — |
| Net earnings | $61.6M | $21.6M | $40.0M | +185% |
| Depreciation & amortization | $11.5M | $20.9M | −$9.4M | -45% |
| Share-based compensation | $43.0M | $53.4M | −$10.4M | -19% |
| Working capital & other | $25.0M | −$21.2M | $46.2M | — |
| Operating cash flow | $91.1M | $117M | −$26.0M | -22% |
| Free Cash Flow (company-reported) | $88.8M | $112M | −$23.6M | -21% |
| Capital expenditures | $2.3M | $4.7M | −$2.4M | -51% |
Questions
How much did Peloton Interactive's revenue grow year over year in Q4 FY26?
Peloton Interactive's revenue rose $800K (+0.1%) from $607M in Q4 FY25 to $608M in Q4 FY26. Gross margin 56.7% against 54.1% (+2.6 pts).