Growth Metrics

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

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

  • On a quarterly basis, Operating Margin rose 463.0% to 2.18% in Q4 2025 year-over-year; TTM through Dec 2025 was 0.99%, a 1026.0% increase, with the full-year FY2025 number at 1.45%, up 1814.0% from a year prior.
  • Operating Margin hit 2.18% in Q4 2025 for Peloton Interactive, down from 7.5% in the prior quarter.
  • Over the last five years, Operating Margin for PTON hit a ceiling of 7.5% in Q3 2025 and a floor of 178.69% in Q2 2022.
  • Historically, Operating Margin has averaged 31.05% across 5 years, with a median of 23.69% in 2023.
  • Biggest five-year swings in Operating Margin: tumbled -14651bps in 2022 and later surged 14353bps in 2023.
  • Tracing PTON's Operating Margin over 5 years: stood at 37.54% in 2021, then decreased by -11bps to 41.79% in 2022, then soared 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.
  • Business Quant data shows Operating Margin for PTON at 2.18% in Q4 2025, 7.5% in Q3 2025, and 4.88% in Q2 2025.