Chewy, Inc. (CHWY) Operating Margin (2018 - 2026)

Chewy (CHWY) has reported Operating Margin for 9 consecutive years, with 3.83% the latest figure, recorded in Q2 2026.

• Operating Margin for Q2 2026 came in at 3.83%, up 136.0% year-over-year; the trailing twelve-month figure through May 2026 was 2.38% (up 135.0% YoY), and the FY2026 annual result was 2.02%, up 107.0% from the prior year.
• Operating Margin was 3.83% for Q2 2026 at Chewy, up from 1.3% in the prior quarter.
• Over five years, Operating Margin peaked at 3.83% in Q2 2026 and troughed at 2.62% in Q1 2022.
• Average Operating Margin over 5 years is 0.82%, with a median of 0.89% recorded in 2023.
• Year-over-year, Operating Margin slumped 368 bps in 2022 and jumped 322 bps in 2023.
• Over 5 years, Operating Margin stood at 0.02% in 2022, then slumped by 1965 bps to 0.35% in 2023, then jumped by 351 bps to 0.89% in 2024, then surged by 135 bps to 2.09% in 2025, then soared by 83 bps to 3.83% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 3.83% in Q2 2026, 1.3% in Q1 2026, and 2.09% in Q4 2025.