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Revenue
 9 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue
3. Revenue
Disaggregation of Revenue
The Company’s revenue disaggregated by segment, excluding sales-based taxes, is included in Note 11, Segment Information. The Company’s revenue disaggregated by geographic region was as follows:
Three Months Ended March 31,Nine Months Ended March 31,
2026202520262025
(in millions)
North America$572.2 $572.1 $1,658.3 $1,724.6 
International58.7 52.0 179.9 159.3 
Total Revenue$630.9 $624.0 $1,838.3 $1,883.9 
During the three and nine months ended March 31, 2026, the Company’s revenue attributable to the United States, included within North America above, was $548.2 million and $1,589.8 million, respectively, or 87% and 86% of total revenue, respectively. During the three and nine months ended March 31, 2025, the Company’s revenue attributable to the United States, included within North America above, was $549.5 million and $1,657.1 million, respectively, or 88% total revenue.
Deferred Revenue and Customer Deposits
Deferred revenue is recorded for nonrefundable cash payments received for the Company’s performance obligation to transfer, or stand ready to transfer, goods or services in the future. Customer deposits represent payments received in advance before the Company transfers a good or service to the customer and are refundable.
As of March 31, 2026 and June 30, 2025, deferred revenue of $95.6 million and $91.7 million, respectively, and customer deposits of $55.0 million and $59.0 million, respectively, were included in Deferred revenue and customer deposits on the Company’s Condensed Consolidated Balance Sheets.
During the nine months ended March 31, 2026 and 2025, the Company recognized revenue of $87.8 million and $90.2 million, respectively, which was included in the deferred revenue balance as of June 30, 2025 and 2024, respectively.
The Company applies the practical expedient as per ASC 606-10-50-14, Revenue from Contracts with Customers, and does not disclose information related to remaining performance obligations due to their original expected terms being one year or less.
Product Warranty
The Company provides a limited warranty for its Connected Fitness Products, including coverage for the touchscreen and most original components, which warrants that the product will operate in accordance with its published specifications and shall be free from defects in the materials and workmanship under normal use for the relevant warranty period. The Company has the obligation to either repair or replace the defective product, at its option. At the time revenue is recognized for the product, an estimate of future warranty costs is recorded as a component of cost of revenue. Factors that affect the warranty obligation include historical, as well as current product failure rates, service delivery costs incurred in correcting product failures, and warranty policies and business practices. The Company’s products are manufactured by contract manufacturers, and, in certain cases, the Company may have recourse to such contract manufacturers.
Activity related to the Company’s accrual for its estimated future product warranty obligation was as follows:
Three Months Ended March 31,Nine Months Ended March 31,
2026202520262025
(in millions)
Balance at beginning of period$21.7 $20.6 $24.5 $20.3 
Provision for warranty accrual5.3 14.2 13.8 31.3 
Warranty claims(6.2)(8.7)(17.6)(25.6)
Balance at end of period$20.7 $26.1 $20.7 $26.1 
The Company also offers the option for customers in some markets to purchase an extended warranty and service contract that extends or enhances the technical support, parts, and labor coverage offered as part of the base warranty included with the Connected Fitness Products for additional periods beyond the standard product warranty period.
Extended warranty revenue is recognized ratably over the extended warranty coverage period and is included in Connected Fitness Products Revenue in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). The Company’s revenue attributable to
extended warranty was $4.0 million and $12.0 million, respectively, representing 1% of total revenue during each of the three and nine months ended March 31, 2026, and $5.1 million and $16.8 million, respectively, representing 1% of total revenue during each of the three and nine months ended March 31, 2025.
Lessor arrangements
The Company leases Peloton Bike portfolio products under the Peloton Rental program. Lease revenue is recognized on a straight-line basis over the term of the lease within Connected Fitness Products Revenue and was $6.7 million and $23.6 million for the three and nine months ended March 31, 2026, respectively, and $11.1 million and $35.5 million for the three and nine months ended March 31, 2025, respectively.