Chewy (CHWY) Operating Margin (2018 - 2026)
Chewy's (CHWY) quarterly Operating Margin came in at 2.76% in Q3 2026, up 52.0% year-over-year from 1.82% in Q3 2025, and down 27.82% on a QoQ basis from 3.83% in Q2 2026.
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Chewy (CHWY) Operating Margin (2018 - 2026) Analysis & Trends
Chewy (CHWY) has 9 years of Operating Margin data on file, last reported at 2.76% in Q3 2026.
- On a quarterly basis, Operating Margin rose 52.0% year-over-year to 2.76% in Q3 2026; TTM through Aug 2026 was 2.51%, a 120.0% increase from a year earlier, with the FY2026 full-year figure at 2.02%, up 107.0% from the prior year.
- Operating Margin for Q3 2026 stood at 2.76%, down from 3.83% in the prior quarter.
- Across five years, Operating Margin topped out at 3.83% in Q2 2026 and bottomed at 2.62% in Q1 2022.
- Historically, Operating Margin has averaged 0.92% across 5 years, with a median of 0.89% in 2024.
- The widest annual swing landed in 2022, when Operating Margin sank 368 bps; it then soared 322 bps in 2023.
- Year by year, Operating Margin stood at 0.02% in 2022, then tumbled 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 surged by 32 bps to 2.76% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 2.76% in Q3 2026, 3.83% in Q2 2026, and 1.3% in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 137.23 Bn | 132.65 Bn | - | - |
| 2 | Kraft Heinz | 28.45 Bn | 25.88 Bn | 2.03 Bn | -102.70% |
| 3 | General Mills | 18.94 Bn | 18.49 Bn | 1.60 Bn | -45.40% |
| 4 | Mccormick | 13.30 Bn | 13.55 Bn | 778.20 Mn | 14.27% |
| 5 | J M Smucker | 12.94 Bn | 12.90 Bn | 979.60 Mn | 23.05% |
| 6 | Hormel Foods | 11.19 Bn | 10.34 Bn | 471.52 Mn | 3.75% |
| 7 | Chewy | 7.89 Bn | 7.28 Bn | 1.01 Bn | 2.76% |
| 8 | Conagra Brands | 7.08 Bn | 6.86 Bn | 704.10 Mn | -57.54% |
| 9 | Lamb Weston Holdings | 6.38 Bn | 6.31 Bn | 361.40 Mn | 9.54% |
| 10 | Campbell'S | 6.03 Bn | 5.63 Bn | 650.00 Mn | 10.10% |
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();