Growth Metrics

Chewy (CHWY) Operating Expenses (2018 - 2026)

Chewy posted quarterly Operating Expenses of $917.2 million for Q1 2026, down 1.98% year-on-year from $935.7 million in Q1 2025, and up 6.28% on a QoQ basis from $863.0 million in Q4 2025.

Chewy (CHWY) has 9 years of Operating Expenses data on file, last reported at $917.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 1.98% year-over-year to $917.2 million; the trailing twelve-month figure through Feb 2026 stood at $3.5 billion (up 4.31% YoY), and the FY2026 full-year result was $3.5 billion, up 4.31% from the prior year.
  • Operating Expenses for Q1 2026 stood at $917.2 million, up from $863.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $935.7 million in Q1 2025 and bottomed at $649.0 million in Q2 2022.
  • The 5-year median for Operating Expenses is $805.4 million (2023), against an average of $794.1 million.
  • The widest annual swing landed in 2022, when Operating Expenses gained 28.05%; it then fell 1.98% in 2026.
  • A 5-year view of Operating Expenses shows it stood at $720.6 million in 2022, then climbed by 9.85% to $791.6 million in 2023, then increased by 3.38% to $818.3 million in 2024, then increased by 5.46% to $863.0 million in 2025, then gained by 6.28% to $917.2 million in 2026.
  • The last three Operating Expenses figures came in at $917.2 million (Q1 2026), $863.0 million (Q4 2025), and $872.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Amazon Com 2,861.08 Bn 2,717.99 Bn 171.21 Bn 157.67 Bn
2 Alibaba Group Holding 348.49 Bn 315.38 Bn 12.18 Bn -4.19 Bn
3 Mercadolibre 84.38 Bn 78.73 Bn 3.86 Bn 3.25 Bn
4 DoorDash 69.78 Bn 64.91 Bn 2.04 Bn 3.89 Bn
5 Ebay 51.86 Bn 48.00 Bn 2.29 Bn 1.68 Bn
6 Coupang 29.42 Bn 29.33 Bn 2.30 Bn 8.75 Bn
7 Maplebear 9.86 Bn 9.17 Bn 738.00 Mn 556.00 Mn
8 Wayfair 8.79 Bn 7.72 Bn 880.00 Mn 891.00 Mn
9 Chewy 8.58 Bn 7.71 Bn 959.70 Mn 917.20 Mn
10 Etsy 6.00 Bn 4.58 Bn 455.60 Mn 335.75 Mn

Historic Data

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DateValue
Feb 1, 2026 917.20 Mn
Nov 2, 2025 863.00 Mn
Aug 3, 2025 872.50 Mn
May 4, 2025 846.90 Mn
Feb 2, 2025 935.70 Mn
Oct 27, 2024 818.30 Mn
Jul 28, 2024 811.70 Mn
Apr 28, 2024 789.40 Mn
Jan 28, 2024 820.02 Mn
Oct 29, 2023 791.58 Mn
Jul 30, 2023 805.38 Mn
Apr 30, 2023 768.12 Mn
Jan 29, 2023 747.32 Mn
Oct 30, 2022 720.61 Mn
Jul 31, 2022 661.14 Mn
May 1, 2022 649.00 Mn
Jan 30, 2022 681.97 Mn
Oct 31, 2021 616.77 Mn
Aug 1, 2021 609.64 Mn
May 2, 2021 550.66 Mn
Jan 31, 2021 532.58 Mn
Nov 1, 2020 486.87 Mn
Aug 2, 2020 465.63 Mn
May 3, 2020 426.20 Mn
Feb 2, 2020 386.75 Mn
Nov 3, 2019 370.56 Mn
Aug 4, 2019 355.32 Mn
May 5, 2019 284.16 Mn
Feb 3, 2019 293.21 Mn
Oct 28, 2018 250.54 Mn
Jul 29, 2018 229.01 Mn
Apr 29, 2018 209.81 Mn