Growth Metrics

Peloton Interactive (PTON) Gross Margin (2018 - 2026)

Peloton Interactive's Gross Margin history spans 8 years, with the latest figure at 50.46% for Q4 2025.

  • On a quarterly basis, Gross Margin rose 322.0% to 50.46% in Q4 2025 year-over-year; TTM through Dec 2025 was 51.73%, a 427.0% increase, with the full-year FY2025 number at 50.92%, up 624.0% from a year prior.
  • Gross Margin hit 50.46% in Q4 2025 for Peloton Interactive, down from 51.51% in the prior quarter.
  • Over the last five years, Gross Margin for PTON hit a ceiling of 54.06% in Q2 2025 and a floor of 4.39% in Q2 2022.
  • Historically, Gross Margin has averaged 37.64% across 5 years, with a median of 38.17% in 2023.
  • Biggest five-year swings in Gross Margin: tumbled -3158bps in 2022 and later surged 3571bps in 2023.
  • Tracing PTON's Gross Margin over 5 years: stood at 24.78% in 2021, then rose by 20bps to 29.65% in 2022, then soared by 36bps to 40.26% in 2023, then rose by 17bps to 47.25% in 2024, then rose by 7bps to 50.46% in 2025.
  • Business Quant data shows Gross Margin for PTON at 50.46% in Q4 2025, 51.51% in Q3 2025, and 54.06% in Q2 2025.