EarningsQ4 2026 Earnings Report
MX:PTON Q4 2026 EPS Results
Actual EPS$2.36
Consensus EPS$2.18
Beat/MissBeat by +$0.18
One Year Ago EPS$0.91
MX:PTON Q4 2026 Revenue Results
Actual Revenue$11.04B
Expected Revenue$10.84B
Beat/MissBeat by +$201.55M
YoY Revenue Growth+0.13%
Earnings Announcement Details
QuarterQ4 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:PTON Upcoming Earnings
Peloton Interactive's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:PTON Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated meaningful operational and financial progress — notably sustained profitability, higher adjusted EBITDA, stronger margins, substantial free cash flow, reduced leverage, cost-savings achievement, and strong product/AI adoption — while acknowledging near-term top-line and subscription headwinds, a Q4 churn uptick (partly due to a now-corrected payment reactivation issue), a one-time legal contingency, and FY '27 revenue guidance that implies a modest decline. Management emphasized product road map, commercial expansion, and new category launches (calendar 2027/ fiscal '28) as catalysts for future revenue acceleration.Company Guidance
First Full-Year Profitability
Peloton reported its first full fiscal year of positive net income ($63M) and positive operating income ($161M), demonstrating a meaningful turnaround in profitability.
Adjusted EBITDA and Free Cash Flow Growth
Fiscal 2026 adjusted EBITDA was $468M, up $65M or 16% year-over-year. Full-year free cash flow was $378M, up $54M or 17% year-over-year.
Quarterly Revenue and Margin Outperformance
Q4 total revenue was $608M, beating the high end of implied guidance by $6M and delivering slight year-over-year growth. Q4 gross profit was $344M (+$16M or 5% YoY) and total gross margin improved to 56.7%, up 260 basis points year-over-year.
Q4 Adjusted EBITDA Above Guidance (Excluding Contingency)
Q4 adjusted EBITDA was $142M (23% of revenue); excluding a $24M legal contingency, adjusted EBITDA would have been $166M, an increase of $26M or 19% YoY and $12M above the high end of guidance.
Strong Balance Sheet and Deleveraging
Cash at quarter end was $1.21B (up $167M YoY). Net debt was $93M, a decrease of $367M or 80% YoY. Reported gross and net leverage improved to 2.8x and 0.3x, respectively.
Cost Reduction and Expense Discipline
Company exceeded its $100M run-rate cost savings goal for FY '26. Adjusted operating expenses (excluding one-time legal accrual) decreased $29M or 11% YoY in Q4, and stock-based compensation fell to $43M (-$10M or -19% YoY).
Product Innovation and AI Adoption
Introduced Cross-Training Series, Peloton IQ, and product refreshes across Bike, Tread and Row. Peloton IQ reached >50% of monthly active users in Q4 and is cited as the #1 feature of interest among potential customers.
Commercial Business and Distribution Expansion
Commercial Business Unit delivered double-digit YoY revenue growth in FY '26 and Peloton estimates it is approaching 4% share of the commercial fitness equipment market. Retail footprint is capital-efficient (10 micro stores at year end, recently added 3 and planning 7 more).
Engagement Wins and Cross-Sell Progress
Pilates workout count and total workout time in Q4 rose 44% and 53% YoY, respectively. Multi-product owners reached 316,000 (up >20,000 YoY) and Club Peloton rewards were applied to 70% of apparel sales in June.
MX:PTON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed