Chewy (CHWY) Operating Margin (2018 - 2026)

Chewy (CHWY) has 9 years of Operating Margin data on file, last reported at 3.83% in Q2 2026.

• Quarterly Operating Margin rose 136.0% year-over-year to 3.83% in Q2 2026, while the trailing twelve-month figure through May 2026 was 2.38% (up 135.0% YoY) and the FY2026 annual result came in at 2.02%, up 107.0% from the prior year.
• Operating Margin rose to 3.83% in Q2 2026, from 1.3% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 3.83% in Q2 2026 to a low of 2.62% in Q1 2022.
• A 5-year average of 0.82% and a median of 0.89% in 2023 frame the typical range for Operating Margin.
• Annual changes were most pronounced in 2022 — Operating Margin plunged 368 bps — and 2023, when it surged 322 bps.
• Tracing CHWY's Operating Margin over 5 years: stood at 0.02% in 2022, then tumbled 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.
• The last three Operating Margin figures came in at 3.83% (Q2 2026), 1.3% (Q1 2026), and 2.09% (Q4 2025), per Business Quant data.