Chewy (CHWY) Operating Expenses (2018 - 2026)

For the trailing twelve months through Aug 2, 2026, Operating Expenses at Chewy was $3.58 billion, up 3.1% year-over-year; for FY2026 (ended Feb 1, 2026), it came in at $3.5 billion, up 4.3% from FY2025.

• Annual Operating Expenses has increased for eight consecutive fiscal years, with a five-year compound annual growth rate of 12.9% (FY2021 to FY2026).
• In prior fiscal years, Chewy's Operating Expenses was $3.36 billion in FY2025 (+5.3%), $3.19 billion in FY2024 (+14.7%), $2.78 billion in FY2023 (+13.0%) and $2.46 billion in FY2022 (+28.7%).
• The fiscal Q2 2027 figure stands as the highest quarterly Operating Expenses since fiscal Q4 2025.
• On a year-over-year basis, Operating Expenses increased in seven of the last eight quarters, with growth averaging 5.7%.
• The strongest year-over-year quarter for Operating Expenses in the past five years was fiscal Q4 2022, with growth of 28.1%; the weakest was fiscal Q4 2026, with a decline of 2.0%.
• According to Business Quant data, Operating Expenses for the three prior fiscal quarters was $882.9 million (Q1 2027), $917.2 million (Q4 2026) and $863 million (Q3 2026).