Chewy (CHWY) Operating Margin (2018 - 2026)

Chewy (CHWY) has 9 years of Operating Margin data on file, last reported at 1.3% in Q1 2026.

• For the quarter ending Q1 2026, Operating Margin rose 160.0% year-over-year to 1.3%; the trailing twelve-month figure through Feb 2026 stood at 2.02% (up 107.0% YoY), and the FY2026 full-year result was 2.02%, up 107.0% from the prior year.
• Operating Margin for Q1 2026 stood at 1.3%, down from 2.09% in the prior quarter.
• Across five years, Operating Margin topped out at 2.47% in Q2 2025 and bottomed at 2.62% in Q1 2022.
• The 5-year median for Operating Margin is 0.89% (2023), against an average of 0.64%.
• The widest annual swing landed in 2022, when Operating Margin slumped 368 bps; it then surged 322 bps in 2023.
• A 5-year view of Operating Margin shows it stood at 0.02% in 2022, then slumped by 1965 bps to 0.35% in 2023, then surged by 351 bps to 0.89% in 2024, then soared by 135 bps to 2.09% in 2025, then slumped by 38 bps to 1.3% in 2026.
• The last three Operating Margin figures came in at 1.3% (Q1 2026), 2.09% (Q4 2025), and 2.25% (Q3 2025), per Business Quant data.

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