Peloton Interactive, Inc. (PTON) Revenue History
Annual and quarterly revenue from 2017 to 2025
Compound Annual Growth Rate (CAGR)
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PTON Revenue Growth
Revenue Breakdown (FY 2025)
PTON's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
PTON Revenue Analysis (2017–2025)
As of May 8, 2026, Peloton Interactive, Inc. (PTON) generated trailing twelve-month (TTM) revenue of $2.45 billion, reflecting modest growth of +1.1% year-over-year. The most recent quarter (Q3 2026) recorded $631.0 million in revenue, down 3.9% sequentially.
Looking at the longer-term picture, PTON's 5-year compound annual growth rate (CAGR) stands at +6.4%, indicating steady revenue expansion. The company achieved its highest annual revenue of $4.02 billion in 2021.
Revenue diversification analysis shows PTON's business is primarily driven by Subscription and Circulation (67%), and Product (33%). With over half of revenue concentrated in Subscription and Circulation, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including FNKO (-10.4% YoY), VNET (+20.7% YoY), and LULU (+4.9% YoY), PTON has underperformed the peer group in terms of revenue growth. Compare PTON vs FNKO →
PTON Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PTONCurrent | $2.4B | +1.1% | +6.4% | -1.5% | |
 FNKO | $908M | -10.4% | +6.8% | -5.0% | |
 VNET | $8.3B | +20.7% | +16.9% | 8.1% | |
 LULU | $11.1B | +4.9% | +20.3% | 19.9% | |
 NKE | $46.3B | -5.0% | +4.4% | 8.0% | |
 UA | $5.2B | -2.7% | -0.4% | -3.6% |
PTON Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.49B | -7.8% | $1.27B | 50.9% | $-36,200,000 | -1.5% |
| 2024 | $2.70B | -3.6% | $1.21B | 44.7% | $-529,000,000 | -19.6% |
| 2023 | $2.80B | -21.8% | $927.2M | 33.1% | $-1,197,100,000 | -42.8% |
| 2022 | $3.58B | -10.9% | $698.4M | 19.5% | $-2,734,000,000 | -76.3% |
| 2021 | $4.02B | +120.3% | $1.45B | 36.2% | $-187,800,000 | -4.7% |
| 2020 | $1.83B | +99.6% | $837.7M | 45.9% | $-80,700,000 | -4.4% |
| 2019 | $915.0M | +110.3% | $383.6M | 41.9% | $-202,200,000 | -22.1% |
| 2018 | $435.0M | +99.0% | $189.6M | 43.6% | $-47,500,000 | -10.9% |
| 2017 | $218.6M | - | $73.9M | 33.8% | $-70,700,000 | -32.3% |
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Start ComparisonPTON — Frequently Asked Questions
Quick answers to the most common questions about buying PTON stock.
Is PTON's revenue growth accelerating or slowing?
PTON revenue growth slowed to +1.1%, below the 5-year CAGR of +6.4%. TTM revenue is $2.4B. The deceleration marks a shift from historical growth rates.
What is PTON's long-term revenue growth rate?
Peloton Interactive, Inc.'s 5-year revenue CAGR of +6.4% reflects the variable expansion pattern. Current YoY growth of +1.1% is near this long-term average.
How is PTON's revenue distributed by segment?
PTON reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2025 are available for download. Segment mix reveals concentration and diversification trends.