Filing Flows › Peloton Interactive (PTON) › Q4 FY26
Peloton Interactive (PTON) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Aug 6, 2026
Peloton Interactive (PTON) reported revenue of $608M for the fourth quarter fiscal 2026 (Q4 FY26), +0.1% from a year earlier and -4% from the quarter before. Operating margin was 13.4%, net earnings $61.6M (10.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $608M | -4% | +0.1% |
| Gross profit | $344M | +5% | +5% |
| Operating profit | $81.2M | +55% | +174% |
| Net earnings | $61.6M | +133% | +185% |
| Operating cash flow | $91.1M | -40% | -22% |
| Free cash flow | $88.8M | — | -21% |
What changed
Revenue was $607.7M in Q4 FY26, roughly flat year over year and down 4% from the previous quarter. Subscription was the largest line at 72% of revenue.
Gross margin was 56.7%, up 2.6 points from Q4 FY25. Operating profit was $81.2M, a 13.4% margin (up 8.5 points year over year). Of the extra revenue versus Q4 FY25, 6450% reached operating profit, above the 5% margin then. Operating expenses fell 12% while revenue was flat. Net earnings were $61.6M, up 185% year over year. The effective tax rate was -1.7%.
Operating cash flow was $91.1M (down 22% year over year), 148% of net earnings. Non-cash charges added back $11.5M of depreciation and amortization and $43.0M of share-based compensation. Working capital and other items used $25.0M. After capital expenditures ($2.3M), free cash flow as the company reports it was $88.8M.
Questions
What was Peloton Interactive's revenue in the fourth quarter fiscal 2026?
Peloton Interactive (PTON) reported revenue of $608M for the fourth quarter fiscal 2026 (Q4 FY26), +0.1% from a year earlier and -4% from the quarter before.
Was Peloton Interactive profitable in the fourth quarter fiscal 2026?
Operating profit was $81.2M (13.4% of revenue) and net earnings $61.6M.