Connected Fitness / Hardware + Subscription · Oct 4, 2026
Hardware + subscriptionAll-Access MembershipApp One / App+Commercial / Precor
Hardware + Connected Fitness subscription hybrid: Bike / Tread / Row sales seed an installed base → All-Access Membership (~$49.99/mo US household on hardware) → digital-only App One ($12.99) / App+ ($28.99) → instructor live+OD content, community, and Peloton IQ → financing, refurbished, rental, and microstores → commercial / Precor and international — FY26 rev $2.446B with Subscription $1.68B; first full-year GAAP net income $63M; 2.55M paid Connected Fitness subs (FACT IR).
Click any of the 9 blocks below for a plain-language story of how that part of the model works for Peloton — and how it connects to the others.
Static handout preview — use Downloads in the top bar for PDF, PNG, poster HTML, or the research brief. The interactive canvas above is the primary experience.