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Peloton Interactive (PTON) Operating Expenses (2018 - 2026)

Peloton Interactive's Operating Expenses history spans 8 years, with the latest figure at $345.6 million for Q4 2025.

  • On a quarterly basis, Operating Expenses fell 5.13% to $345.6 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.2 billion, a 16.8% decrease, with the full-year FY2025 number at $1.3 billion, down 24.83% from a year prior.
  • Operating Expenses hit $345.6 million in Q4 2025 for Peloton Interactive, up from $242.4 million in the prior quarter.
  • Over the last five years, Operating Expenses for PTON hit a ceiling of $1.2 billion in Q2 2022 and a floor of $242.4 million in Q3 2025.
  • Historically, Operating Expenses has averaged $509.9 million across 5 years, with a median of $457.2 million in 2021.
  • Biggest five-year swings in Operating Expenses: soared 179.46% in 2021 and later tumbled 63.92% in 2023.
  • Tracing PTON's Operating Expenses over 5 years: stood at $706.6 million in 2021, then decreased by 19.84% to $566.4 million in 2022, then decreased by 14.11% to $486.5 million in 2023, then dropped by 25.12% to $364.3 million in 2024, then decreased by 5.13% to $345.6 million in 2025.
  • Business Quant data shows Operating Expenses for PTON at $345.6 million in Q4 2025, $242.4 million in Q3 2025, and $298.5 million in Q2 2025.