Chewy (CHWY) Operating Margin (2018 - 2026)
Chewy (CHWY) recorded Operating Margin of 2.76% in fiscal Q2 2027 (quarter ended Aug 2, 2026), up 0.52 percentage points from 2.25% a year earlier but down 1.06 percentage points from the prior quarter.
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Analysis
Chewy (CHWY) Operating Margin (2018 - 2026) Analysis & Trends
On a TTM basis, Chewy's Operating Margin came in at 2.51% as of Aug 2, 2026, up 1.20 percentage points year-over-year; for FY2026 (ended Feb 1, 2026), it came in at 2.02%, up 1.07 percentage points from FY2025.
- Annual Operating Margin has a five-year change of +3.28 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Operating Margin came in at 0.95% in FY2025 (+1.16 pp), -0.21% in FY2024 (-0.77 pp), 0.56% in FY2023 (+1.38 pp) and -0.82% in FY2022 (+0.45 pp).
- Quarterly Operating Margin has ranged from -2.62% in fiscal Q4 2022 to 3.83% in fiscal Q1 2027 over the past five years.
- On a year-over-year basis, Operating Margin has increased for ten consecutive quarters, with an average year-over-year change of +0.97 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 3.22 percentage points in fiscal Q4 2023, against a drop of 3.68 percentage points in fiscal Q4 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 3.83% (Q1 2027), 1.30% (Q4 2026) and 2.09% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 139.25 Bn | 90.71 Bn | - | - |
| 2 | Mondelez International | 80.46 Bn | 73.72 Bn | 3.99 Bn | 20.80% |
| 3 | Hershey | 33.06 Bn | 29.30 Bn | 1.26 Bn | 23.06% |
| 4 | Kraft Heinz | 26.98 Bn | 13.39 Bn | 2.03 Bn | -102.70% |
| 5 | General Mills | 17.20 Bn | 14.85 Bn | 1.49 Bn | 14.43% |
| 6 | J M Smucker | 12.96 Bn | 12.75 Bn | 979.60 Mn | 23.05% |
| 7 | Mccormick | 12.08 Bn | 11.14 Bn | 794.90 Mn | 10.72% |
| 8 | Hormel Foods | 10.88 Bn | 7.55 Bn | 471.52 Mn | 3.75% |
| 9 | Chewy | 8.23 Bn | 5.52 Bn | 1.01 Bn | 2.76% |
| 10 | Lamb Weston Holdings | 7.31 Bn | 6.93 Bn | 266.50 Mn | 4.92% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 2.76% |
| May 3, 2026 | 3.83% |
| Feb 1, 2026 | 1.30% |
| Nov 2, 2025 | 2.09% |
| Aug 3, 2025 | 2.25% |
| May 4, 2025 | 2.47% |
| Feb 2, 2025 | -0.30% |
| Oct 27, 2024 | 0.89% |
| Jul 28, 2024 | 1.12% |
| Apr 28, 2024 | 2.24% |
| Jan 28, 2024 | -0.78% |
| Oct 29, 2023 | -0.35% |
| Jul 30, 2023 | -0.60% |
| Apr 30, 2023 | 0.89% |
| Jan 29, 2023 | 0.60% |
| Oct 30, 2022 | -0.02% |
| Jul 31, 2022 | 0.89% |
| May 1, 2022 | 0.77% |
| Jan 30, 2022 | -2.62% |
| Oct 31, 2021 | -1.44% |
API Access
Chewy Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=CHWY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CHWY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=CHWY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();