Chewy (CHWY) Net Margin (2018 - 2026)
Chewy's (CHWY) quarterly Net Margin came in at 2.82% in Q2 2026, up 82.0% YoY from 1.55% in Q2 2025, and up 135.17% on a QoQ basis from 1.2% in Q1 2026.
Chewy (CHWY) Net Margin (2018 - 2026) Analysis & Trends
Chewy (CHWY) has 9 years of Net Margin data on file, last reported at 2.82% in Q2 2026.
- Quarterly Net Margin rose 82.0% year-over-year to 2.82% in Q2 2026, while the trailing twelve-month figure through May 2026 was 1.99% (down 122.0% YoY) and the FY2026 annual result came in at 1.77%, down 154.0% from the prior year.
- Net Margin grew to 2.82% in Q2 2026, from 1.2% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 10.46% in Q3 2024 to a low of 2.64% in Q1 2022.
- A 5-year average of 1.35% and a median of 0.87% in 2022 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2024 — Net Margin jumped 974 bps — and 2025, when it plunged 847 bps.
- Tracing CHWY's Net Margin over 5 years: stood at 0.09% in 2022, then plunged by 1511 bps to 1.29% in 2023, then surged by 111 bps to 0.14% in 2024, then jumped by 1302 bps to 1.9% in 2025, then jumped by 49 bps to 2.82% in 2026.
- The last three Net Margin figures came in at 2.82% (Q2 2026), 1.2% (Q1 2026), and 1.9% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,931.64 Bn | 2,808.66 Bn | 198.88 Bn | 24.31% |
| 2 | PDD Holdings | 506.17 Bn | 446.63 Bn | 9.83 Bn | 19.81% |
| 3 | Mercadolibre | 98.29 Bn | 83.09 Bn | 4.16 Bn | 4.58% |
| 4 | DoorDash | 92.11 Bn | 86.76 Bn | 2.35 Bn | 4.47% |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | 1.62% |
| 6 | Sea | 78.22 Bn | 69.70 Bn | 3.15 Bn | 12.24% |
| 7 | Ebay | 47.18 Bn | 43.87 Bn | 2.30 Bn | -0.06% |
| 8 | Coupang | 29.74 Bn | 23.63 Bn | 2.49 Bn | -6.44% |
| 9 | Zkh | 16.36 Bn | 16.36 Bn | 51.11 Mn | 0.00% |
| 10 | Chewy | 9.28 Bn | 8.76 Bn | 1.01 Bn | 2.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 3, 2026 | 2.82% |
| Feb 1, 2026 | 1.20% |
| Nov 2, 2025 | 1.90% |
| Aug 3, 2025 | 2.00% |
| May 4, 2025 | 2.00% |
| Feb 2, 2025 | 0.70% |
| Oct 27, 2024 | 0.14% |
| Jul 28, 2024 | 10.46% |
| Apr 28, 2024 | 2.32% |
| Jan 28, 2024 | 1.13% |
| Oct 29, 2023 | -1.29% |
| Jul 30, 2023 | 0.73% |
| Apr 30, 2023 | 0.82% |
| Jan 29, 2023 | 0.25% |
| Oct 30, 2022 | 0.09% |
| Jul 31, 2022 | 0.92% |
| May 1, 2022 | 0.76% |
| Jan 30, 2022 | -2.64% |
| Oct 31, 2021 | -1.46% |
| Aug 1, 2021 | -0.77% |