Peloton Interactive (PTON) Gross Margin (2018 - 2026)
Peloton Interactive (PTON) posted Gross Margin of 51.88% for Q1 2026, up 2.8% sequentially from 50.46% in Q4 2025, and up 90.0% YoY from 27.3% in Q1 2025.
Peloton Interactive (PTON) Gross Margin (2018 - 2026) Analysis & Trends
Peloton Interactive has reported Gross Margin for 9 years, with the latest figure at 51.88% in Q1 2026.
- Quarterly Gross Margin rose 90.0% year-over-year to 51.88% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 51.96% (up 241.0% YoY) and the FY2025 annual result came in at 50.92%, up 624.0% from the prior year.
- Gross Margin climbed to 51.88% in Q1 2026 per PTON's latest filing, from 50.46% in the prior quarter.
- Over five years, Gross Margin peaked at 54.06% in Q2 2025 and troughed at 4.39% in Q2 2022.
- A 5-year average of 40.28% and a median of 47.25% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 3158 bps in 2022, then surged 3571 bps in 2023.
- Over 5 years, Gross Margin stood at 29.65% in 2022, then jumped by 36 bps to 40.26% in 2023, then grew by 17 bps to 47.25% in 2024, then grew by 7 bps to 50.46% in 2025, then gained by 3 bps to 51.88% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 51.88%, 50.46%, and 51.51% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amer Sports | 18.61 Bn | 17.92 Bn | 1.17 Bn | 59.90% |
| 2 | Hasbro | 13.64 Bn | 12.26 Bn | 867.20 Mn | 76.10% |
| 3 | Life Time Group Holdings | 9.88 Bn | 9.65 Bn | 412.26 Mn | 47.61% |
| 4 | Acushnet Holdings | 5.40 Bn | 5.33 Bn | 445.83 Mn | 54.37% |
| 5 | Mattel | 4.25 Bn | 3.73 Bn | 542.12 Mn | 48.17% |
| 6 | Planet Fitness | 3.74 Bn | 3.34 Bn | 300.73 Mn | 82.34% |
| 7 | YETI Holdings | 3.58 Bn | 3.52 Bn | 322.52 Mn | 66.66% |
| 8 | Callaway Golf | 3.01 Bn | 2.73 Bn | 306.70 Mn | 50.10% |
| 9 | Onespaworld Holdings | 2.75 Bn | 2.70 Bn | 84.35 Mn | 32.29% |
| 10 | Peloton Interactive | 2.29 Bn | 1.08 Bn | 344.40 Mn | 56.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 56.67% |
| Mar 31, 2026 | 51.88% |
| Dec 31, 2025 | 50.46% |
| Sep 30, 2025 | 51.51% |
| Jun 30, 2025 | 54.06% |
| Mar 31, 2025 | 50.98% |
| Dec 31, 2024 | 47.25% |
| Sep 30, 2024 | 51.84% |
| Jun 30, 2024 | 48.48% |
| Mar 31, 2024 | 43.15% |
| Dec 31, 2023 | 40.26% |
| Sep 30, 2023 | 47.93% |
| Jun 30, 2023 | 31.32% |
| Mar 31, 2023 | 36.08% |
| Dec 31, 2022 | 29.65% |
| Sep 30, 2022 | 35.23% |
| Jun 30, 2022 | -4.39% |
| Mar 31, 2022 | 19.10% |
| Dec 31, 2021 | 24.78% |
| Sep 30, 2021 | 32.66% |