PTON Profit Margins - PELOTON INTERACTIVE, INC.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	56.67%	13.36%	10.14%
2026-03-31	51.88%	8.32%	4.18%
2025-12-31	50.46%	-2.18%	-5.91%
2025-09-30	51.51%	7.50%	2.52%
2025-06-30	54.06%	4.88%	3.56%
2025-03-31	50.98%	-5.19%	-7.64%
2024-12-31	47.25%	-6.81%	-13.65%
2024-09-30	51.84%	2.13%	-0.15%
2024-06-30	48.48%	-9.84%	-4.74%
2024-03-31	43.15%	-20.37%	-23.31%
2023-12-31	40.26%	-25.16%	-26.21%
2023-09-30	47.93%	-22.22%	-26.75%
2023-06-30	31.32%	-35.17%	-37.66%
2023-03-31	36.08%	-35.52%	-36.84%
2022-12-31	29.65%	-41.79%	-42.31%
2022-09-30	35.23%	-60.67%	-66.26%
2022-06-30	-4.39%	-178.69%	-184.96%
2022-03-31	19.10%	-76.30%	-78.51%
2021-12-31	24.78%	-37.54%	-38.75%
2021-09-30	32.66%	-44.67%	-46.70%
2021-06-30	27.33%	-32.21%	-33.43%
2021-03-31	35.25%	-1.09%	-0.68%
2020-12-31	39.89%	5.52%	5.97%
2020-09-30	43.37%	9.09%	9.14%
2020-06-30	47.72%	14.84%	14.68%
2020-03-31	46.85%	-11.13%	-10.60%
2019-12-31	42.27%	-13.19%	-11.88%
2019-09-30	46.10%	-22.32%	-21.84%
2019-06-30	44.83%	-22.12%	-21.23%
2019-03-31	38.08%	-13.07%	-12.19%
2018-12-31	42.34%	-21.30%	-20.96%
2018-09-30	45.94%	-49.60%	-48.62%

Date	Gross margin	Operating margin	Net margin
2026-06-30	52.60%	6.57%	2.58%
2025-06-30	50.92%	-1.45%	-4.77%
2024-06-30	44.68%	-19.59%	-20.44%
2023-06-30	32.98%	-42.75%	-45.06%
2022-06-30	19.50%	-76.32%	-78.94%
2021-06-30	36.16%	-4.67%	-4.70%
2020-06-30	45.88%	-4.42%	-3.92%
2019-06-30	41.92%	-22.11%	-21.38%
2018-06-30	43.59%	-10.92%	-11.01%