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Segment Information
 9 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information
11. Segment Information
The Company has two reportable segments: Connected Fitness Products and Subscription. The Connected Fitness Products segment primarily derives revenue from the sale of the Company's portfolio of Connected Fitness Products and related accessories, including Precor-branded fitness products, delivery and installation services, Peloton Bike portfolio rental products, extended warranty agreements, branded apparel, and commercial service contracts. The Subscription segment primarily derives revenue from monthly Subscription fees. There are no internal revenue transactions between the Company’s segments. Segment information is presented in the same manner that the chief operating decision maker ("CODM"), the Chief Executive Officer and President, reviews the operating results in assessing performance and allocating resources. No operating segments have been aggregated to form the reportable segments.
Beginning in the first quarter of fiscal 2026, the Company changed its measure of segment profitability to Segment Adjusted Gross profit to better align with the manner in which the CODM evaluates segment performance and makes resource allocation decisions. Segment results for the comparable prior period have been recast to reflect these changes.
Segment Adjusted Gross profit is defined as Revenue less Adjusted Cost of revenue incurred by the segment. Adjusted Cost of revenue includes costs directly related to the function of each segment, including certain corporate overhead costs, such as a portion of depreciation, rent and occupancy charges related to the Company’s corporate facilities, and personnel-related expenses for certain executives and departments (“Allocated overhead costs”).

The CODM reviews Revenue and Segment Adjusted Gross profit for both of the reportable segments, primarily by monitoring actual results compared to forecasted results as well as by reviewing year-over-year results and trending historical performance. No other significant expense categories or performance metrics are regularly provided to the CODM on a disaggregated basis. The Company does not allocate assets at the reportable segment level as these are managed on an entity wide group basis and, accordingly, the Company does not report asset information by segment.

Information on reportable segments and reconciliation to consolidated Income (loss) before income taxes is as follows:
Three Months Ended March 31, 2026Nine Months Ended March 31, 2026
Connected Fitness ProductsSubscriptionTotalConnected Fitness ProductsSubscriptionTotal
(in millions)
 Revenue $202.9 $428.0 $630.9 $599.3 $1,239.0 $1,838.3 
 Consolidated Revenue $630.9 $1,838.3 
 Less:
 Adjusted Cost of revenue 180.0 123.6 303.7 531.8 364.1 895.9 
 Segment Adjusted Gross profit $22.9 $304.3 $327.3 $67.5 $874.9 $942.3 
Reconciliation to consolidated income before income taxes:
 Sales and marketing (98.1)(316.9)
 General and administrative (110.4)(314.1)
 Research and development (58.8)(185.9)
 Impairment expense (3.4)(34.7)
 Restructuring expense (4.1)(11.2)
Total other expense, net(25.6)(77.0)
Income before income taxes$26.9 $2.5 
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
Connected Fitness ProductsSubscriptionTotalConnected Fitness ProductsSubscriptionTotal
(in millions)
Revenue$205.5 $418.5 $624.0 $618.5 $1,265.4 $1,883.9 
Consolidated Revenue$624.0 $1,883.9 
Less:
Adjusted Cost of revenue183.8 134.1 317.9 554.4 415.0 969.3 
Segment Adjusted Gross profit$21.7 $284.4 $306.1 $64.1 $850.5 $914.6 
Reconciliation to consolidated loss before income taxes:
Allocated overhead costs11.9 25.6 
Sales and marketing(106.5)(341.1)
General and administrative(151.4)(402.2)
Research and development(59.6)(178.4)
Impairment expense(30.7)(52.3)
Restructuring expense(2.4)(8.6)
Supplier settlements— (23.5)
Total other expense, net(14.5)(72.3)
Loss before income taxes$(46.9)$(138.2)