Growth Metrics

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

Peloton Interactive's Operating Margin history spans 8 years, with the latest figure at 2.18% for Q4 2025.

  • For Q4 2025, Operating Margin rose 463.0% year-over-year to 2.18%; the TTM value through Dec 2025 reached 0.99%, up 1026.0%, while the annual FY2025 figure was 1.45%, 1814.0% up from the prior year.
  • Operating Margin for Q4 2025 was 2.18% at Peloton Interactive, down from 7.5% in the prior quarter.
  • Across five years, Operating Margin topped out at 7.5% in Q3 2025 and bottomed at 603.4% in Q2 2021.
  • The 5-year median for Operating Margin is 23.69% (2023), against an average of 59.61%.
  • The largest annual shift saw Operating Margin crashed -61822bps in 2021 before it surged 42471bps in 2022.
  • A 5-year view of Operating Margin shows it stood at 37.54% in 2021, then decreased by -11bps to 41.79% in 2022, then surged by 40bps to 25.16% in 2023, then surged by 73bps to 6.81% in 2024, then skyrocketed by 68bps to 2.18% in 2025.
  • Per Business Quant, the three most recent readings for PTON's Operating Margin are 2.18% (Q4 2025), 7.5% (Q3 2025), and 4.88% (Q2 2025).