Chewy (CHWY) Gross Margin (2018 - 2026)
Chewy's (CHWY) quarterly Gross Margin came in at 30.13% in Q2 2026, up 48.0% YoY from 20.36% in Q2 2025, and up 2.48% on a QoQ basis from 29.4% in Q1 2026.
Chewy (CHWY) Gross Margin (2018 - 2026) Analysis & Trends
Chewy (CHWY) has 9 years of Gross Margin data on file, last reported at 30.13% in Q2 2026.
- Quarterly Gross Margin rose 48.0% year-over-year to 30.13% in Q2 2026, while the trailing twelve-month figure through May 2026 was 29.91% (up 68.0% YoY) and the FY2026 annual result came in at 29.79%, up 55.0% from the prior year.
- Gross Margin advanced to 30.13% in Q2 2026, from 29.4% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 30.35% in Q3 2025 to a low of 25.05% in Q1 2022.
- A 5-year average of 28.71% and a median of 28.49% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin sank 208 bps — and 2023, when it jumped 295 bps.
- Tracing CHWY's Gross Margin over 5 years: stood at 28.44% in 2022, then grew by 0 bps to 28.47% in 2023, then advanced by 3 bps to 29.33% in 2024, then climbed by 2 bps to 29.78% in 2025, then rose by 1 bps to 30.13% in 2026.
- The last three Gross Margin figures came in at 30.13% (Q2 2026), 29.4% (Q1 2026), and 29.78% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,931.64 Bn | 2,808.66 Bn | 198.88 Bn | 52.05% |
| 2 | PDD Holdings | 506.17 Bn | 446.63 Bn | 9.83 Bn | 55.49% |
| 3 | Mercadolibre | 98.29 Bn | 83.09 Bn | 4.16 Bn | 40.90% |
| 4 | DoorDash | 92.11 Bn | 86.76 Bn | 2.35 Bn | 52.69% |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | 16.73% |
| 6 | Sea | 78.22 Bn | 69.70 Bn | 3.15 Bn | 44.32% |
| 7 | Ebay | 47.18 Bn | 43.87 Bn | 2.30 Bn | 73.45% |
| 8 | Coupang | 29.74 Bn | 23.63 Bn | 2.49 Bn | 28.16% |
| 9 | Zkh | 16.36 Bn | 16.36 Bn | 51.11 Mn | 16.68% |
| 10 | Chewy | 9.28 Bn | 8.76 Bn | 1.01 Bn | 30.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 3, 2026 | 30.13% |
| Feb 1, 2026 | 29.40% |
| Nov 2, 2025 | 29.78% |
| Aug 3, 2025 | 30.35% |
| May 4, 2025 | 29.65% |
| Feb 2, 2025 | 28.52% |
| Oct 27, 2024 | 29.33% |
| Jul 28, 2024 | 29.52% |
| Apr 28, 2024 | 29.68% |
| Jan 28, 2024 | 28.24% |
| Oct 29, 2023 | 28.47% |
| Jul 30, 2023 | 28.32% |
| Apr 30, 2023 | 28.41% |
| Jan 29, 2023 | 28.00% |
| Oct 30, 2022 | 28.44% |
| Jul 31, 2022 | 28.09% |
| May 1, 2022 | 27.50% |
| Jan 30, 2022 | 25.05% |
| Oct 31, 2021 | 26.44% |
| Aug 1, 2021 | 27.54% |