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.
Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,742.86 Bn | 2,619.88 Bn | 198.88 Bn | 52.05% |
| 2 | PDD Holdings | 116.24 Bn | -48,010.17 Bn | 9.45 Bn | 57.06% |
| 3 | Mercadolibre | 99.45 Bn | 84.25 Bn | 4.16 Bn | 40.90% |
| 4 | DoorDash | 98.02 Bn | 92.67 Bn | 2.35 Bn | 52.69% |
| 5 | Sea | 67.10 Bn | 58.70 Bn | 3.55 Bn | 45.58% |
| 6 | Ebay | 46.73 Bn | 43.42 Bn | 2.30 Bn | 73.45% |
| 7 | JD.com | 39.68 Bn | 7.13 Bn | 16.50 Bn | 16.91% |
| 8 | Coupang | 28.45 Bn | 22.34 Bn | 2.49 Bn | 28.16% |
| 9 | Wayfair | 12.37 Bn | 11.23 Bn | 1.05 Bn | 29.95% |
| 10 | Chewy | 9.81 Bn | 9.29 Bn | 1.01 Bn | 30.13% |
Historic Data
Download Data
Historic 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% |