Peloton Interactive (PTON) Operating Expenses (2018 - 2026)
Peloton Interactive (PTON) posted Operating Expenses of $274.8 million for Q1 2026, down 20.49% sequentially from $345.6 million in Q4 2025, and down 21.6% YoY from $350.5 million in Q1 2025.
Peloton Interactive (PTON) Operating Expenses (2018 - 2026) Analysis & Trends
Peloton Interactive has reported Operating Expenses for 9 years, with the latest figure at $274.8 million in Q1 2026.
- Quarterly Operating Expenses fell 21.6% year-over-year to $274.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.2 billion (down 15.93% YoY) and the FY2025 annual result came in at $1.3 billion, down 24.83% from the prior year.
- Operating Expenses fell to $274.8 million in Q1 2026 per PTON's latest filing, from $345.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $1.2 billion in Q2 2022 and troughed at $242.4 million in Q3 2025.
- A 5-year average of $478.0 million and a median of $417.6 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 112.08% in 2022, then tumbled 63.92% in 2023.
- Over 5 years, Operating Expenses stood at $566.4 million in 2022, then slipped by 14.11% to $486.5 million in 2023, then declined by 25.12% to $364.3 million in 2024, then fell by 5.13% to $345.6 million in 2025, then dropped by 20.49% to $274.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $274.8 million, $345.6 million, and $242.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amer Sports | 18.61 Bn | 17.92 Bn | 1.17 Bn | -856.20 Mn |
| 2 | Hasbro | 13.64 Bn | 12.26 Bn | 867.20 Mn | 887.10 Mn |
| 3 | Life Time Group Holdings | 9.88 Bn | 9.65 Bn | 412.26 Mn | 716.29 Mn |
| 4 | Acushnet Holdings | 5.40 Bn | 5.33 Bn | 445.83 Mn | 267.00 Mn |
| 5 | Mattel | 4.25 Bn | 3.73 Bn | 542.12 Mn | - |
| 6 | Planet Fitness | 3.74 Bn | 3.34 Bn | 300.73 Mn | 241.41 Mn |
| 7 | YETI Holdings | 3.58 Bn | 3.52 Bn | 322.52 Mn | 229.01 Mn |
| 8 | Callaway Golf | 3.01 Bn | 2.73 Bn | 306.70 Mn | 191.90 Mn |
| 9 | Onespaworld Holdings | 2.75 Bn | 2.70 Bn | 84.35 Mn | 236.74 Mn |
| 10 | Peloton Interactive | 2.29 Bn | 1.08 Bn | 344.40 Mn | 263.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 263.20 Mn |
| Mar 31, 2026 | 274.80 Mn |
| Dec 31, 2025 | 345.60 Mn |
| Sep 30, 2025 | 242.40 Mn |
| Jun 30, 2025 | 298.50 Mn |
| Mar 31, 2025 | 350.50 Mn |
| Dec 31, 2024 | 364.30 Mn |
| Sep 30, 2024 | 291.20 Mn |
| Jun 30, 2024 | 375.40 Mn |
| Mar 31, 2024 | 455.90 Mn |
| Dec 31, 2023 | 486.50 Mn |
| Sep 30, 2023 | 417.60 Mn |
| Jun 30, 2023 | 426.80 Mn |
| Mar 31, 2023 | 536.20 Mn |
| Dec 31, 2022 | 566.40 Mn |
| Sep 30, 2022 | 591.10 Mn |
| Jun 30, 2022 | 1.18 Bn |
| Mar 31, 2022 | 920.00 Mn |
| Dec 31, 2021 | 706.60 Mn |
| Sep 30, 2021 | 622.70 Mn |