PTON Peloton Interactive margins

Relative Growth: Rel. Growth: 45

Relative Strength: Rel. Strength: 58

Relative Valuation: Rel. Valuation: 91

Relative Profitability: Rel. Profitability: 57

Gross margin

54.8%

Operating margin

9.6%

EBITDA margin

14.9%

Net margin

5.9%

The Peloton Interactive shows a gross margin of 54.8%, an operating margin of 9.6%, an EBITDA margin of 14.9%, and a net margin of 5.9%. Net margin drove the improvement across the available margins, increasing by 10.1 percentage points.

PTON margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Peloton Interactive's margins averaged 48.28% gross, -6.97% operating, 1.02% EBITDA, and -9.57% net. All four current margins are above their three-year averages.

PTON margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by net margin with an increase of 10.1 percentage points.

Gross margin expansion

4pp

Operating margin expansion

9.9pp

EBITDA margin expansion

8.1pp

Net margin expansion

10.1pp

PTON Gross margin

Over the last 3 years, Peloton Interactive's gross margin averaged 48.28%. The current gross margin of 54.8% is 6.5 percentage points above its three-year average. During this period, gross margin reached a high of 54.8% in Sep 2026 and a low of 38.7% in Dec 2023.

PTON Operating margin

Looking back over the last 3 years, Peloton Interactive recorded an average operating margin of -6.97%. Peloton Interactive's current operating margin is 9.6% and is 16.6 percentage points above its three-year average. The highest operating margin for Peloton Interactive was 9.6% in Sep 2026, while the lowest was -29.7% in Dec 2023.

PTON EBITDA margin

Peloton Interactive's EBITDA margin averaged 1.02% across the past 3 years. The current EBITDA margin stands at 14.9%, 13.9 percentage points above its three-year average. Over the last 3 years, Peloton Interactive's EBITDA margin peaked at 14.9% in Sep 2026 and reached a low of -21% in Dec 2023.

PTON Net margin

Looking back over the last 3 years, Peloton Interactive recorded an average net margin of -9.57%. Peloton Interactive's current net margin is 5.9% and is 15.5 percentage points above its three-year average. The highest net margin for Peloton Interactive was 5.9% in Sep 2026, while the lowest was -31.9% in Dec 2023.

PTON margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 54.8%, PTON is above the Consumer Cyclical sector and the industry average. Compared to its Consumer Cyclical sector average of 36.3%, Peloton Interactive's gross margin is 51% higher.

PTON margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Peloton Interactive's gross margin?

As of Sep 30, 2026, PTON has a gross margin of 54.8%.

What is Peloton Interactive's operating margin?

As of Sep 30, 2026, PTON has an operating margin of 9.6%.

What is Peloton Interactive's EBITDA margin?

For the period ending Sep 30, 2026, PTON recorded an EBITDA margin of 14.9%.

What is Peloton Interactive's net margin?

As of Sep 30, 2026, PTON has a net margin of 5.9%.

What are the average margins of PTON?

Over the past 3 years, PTON reported average margins of 48.3% gross, -7.0% operating, 1.0% EBITDA, and -9.6% net.

What are the highest historical margins of PTON?

Within the 5-year period, PTON recorded its highest margins at 54.8% gross in Sep 2026, 9.6% operating in Sep 2026, 14.9% EBITDA in Sep 2026, and 5.9% net in Sep 2026.

What are the lowest historical margins of PTON?

Peloton Interactive's lowest recorded margins during the past 5 years were 19.2% gross in Sep 2022, -86.9% operating in Dec 2022, -79.8% EBITDA in Dec 2022, and -90.3% net in Dec 2022.