Chewy (CHWY) Gross Margin (2018 - 2026)

Chewy (CHWY) reported Gross Margin of 30.13% for 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 has disclosed Gross Margin across 9 years of filings, most recently posting 30.13% for Q2 2026.

On a quarterly basis, Gross Margin rose 48.0% year-over-year to 30.13% in Q2 2026; TTM through May 2026 was 29.91%, a 68.0% increase from a year earlier, with the FY2026 full-year figure at 29.79%, up 55.0% from the prior year.
Gross Margin for Q2 2026 stood at 30.13%, up from 29.4% in the prior quarter.
The five-year high for Gross Margin was 30.35% in Q3 2025, with the low at 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.
The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 208 bps in 2022, then surged 295 bps in 2023.
Year by year, Gross Margin stood at 28.44% in 2022, then advanced by 0 bps to 28.47% in 2023, then rose by 3 bps to 29.33% in 2024, then gained by 2 bps to 29.78% in 2025, then grew by 1 bps to 30.13% in 2026.
Business Quant data shows CHWY's Gross Margin at 30.13% in Q2 2026, 29.4% in Q1 2026, and 29.78% in Q4 2025.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Amazon Com	2,551.03 Bn	2,407.94 Bn	171.21 Bn	94.32%
2	Mercadolibre	82.72 Bn	77.07 Bn	3.86 Bn	43.66%
3	DoorDash	72.09 Bn	67.22 Bn	2.04 Bn	50.64%
4	PDD Holdings	62.92 Bn	38.25 Bn	12.81 Bn	72.28%
5	Ebay	48.30 Bn	44.44 Bn	2.29 Bn	74.04%
6	Coupang	34.44 Bn	34.35 Bn	2.30 Bn	27.01%
7	Zkh	14.36 Bn	14.36 Bn	285.30 Mn	93.10%
8	Wayfair	10.72 Bn	9.65 Bn	880.00 Mn	30.02%
9	Maplebear	10.27 Bn	9.58 Bn	738.00 Mn	72.42%
10	Chewy	7.37 Bn	6.85 Bn	1.01 Bn	30.13%

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