Growth Metrics

Peloton Interactive (PTON) Gross Margin (2018 - 2025)

Peloton Interactive's Gross Margin history spans 8 years, with the latest figure at 50.48% for Q4 2025.

  • For Q4 2025, Gross Margin rose 323.0% year-over-year to 50.48%; the TTM value through Dec 2025 reached 51.73%, up 427.0%, while the annual FY2025 figure was 50.92%, 624.0% up from the prior year.
  • Gross Margin for Q4 2025 was 50.48% at Peloton Interactive, down from 51.51% in the prior quarter.
  • Across five years, Gross Margin topped out at 509.4% in Q2 2021 and bottomed at 4.39% in Q2 2022.
  • The 5-year median for Gross Margin is 41.7% (2023), against an average of 61.75%.
  • The largest annual shift saw Gross Margin skyrocketed 46183bps in 2021 before it crashed -51379bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 24.78% in 2021, then rose by 20bps to 29.65% in 2022, then surged by 36bps to 40.26% in 2023, then rose by 17bps to 47.25% in 2024, then increased by 7bps to 50.48% in 2025.
  • Per Business Quant, the three most recent readings for PTON's Gross Margin are 50.48% (Q4 2025), 51.51% (Q3 2025), and 54.05% (Q2 2025).