Chewy

CHWY Consumer Cyclical Internet Retail

Chewy’s revenue for fiscal 2026 (year ended January 2026) was $12.6 billion, up 6.24% from fiscal 2025.

Revenue
+7.28%
EPS
+33.3%
Free cash flow
−15.5%

Quarter to July 2026, against a year earlier

23.42 1.37 +6.21%
Market cap
$8.9B
P/E
33.5×
Fwd P/E
27.7×
Dividend yield
—
F-score
8/9
Altman Z
5.85
Beneish M
−2.90
Dividend safety
n/a

Chewy (CHWY) Operating margin

Alert me on Operating margin

Chewy's operating margin over the twelve months to 31 July 2026 was 2.51%, up 0.5 percentage points from fiscal 2026 (2.02%). Over the past ten years it has ranged from −23.8% (fiscal 2016) to 2.02% (fiscal 2026) — the current reading is the highest in ten years. That is above the Internet Retail industry median of 0.76% and below the Consumer Cyclical sector median of 3.97%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 2.02% 1.07
FY2025 0.95% 1.16
FY2024 −0.21% (0.77)
FY2023 0.56% 1.38
FY2022 −0.82% 0.45
FY2021 −1.27% 3.94
FY2020 −5.21% 2.37
FY2019 −7.58% 8.48
FY2018 −16.1% 7.69
FY2016 −23.8% —

Quarterly newest first

Period Operating margin Change (points)
Jul 2026 2.76% (1.07)
Apr 2026 3.83% 2.53
Jan 2026 1.30% (0.79)
Oct 2025 2.09% (0.16)
30 more quarters

Against its own ten years

Low −23.8% High 2.02%
Ten-year median −1.05%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
CART Maplebear Inc. compare 14.8%
GLBE Global-e Online Ltd. compare 14.3%
ETSY Etsy, Inc. compare 14.0%
VIPS Vipshop Holdings Limited compare 7.77%
CHWY Chewy 2.51%
W Wayfair Inc. compare 1.67%
PTRN Pattern Group Inc. compare 1.36%
JD JD.com, Inc. compare 0.15%
CPNG Coupang, Inc. compare −3.43%
Internet Retail industry median 0.76%
Consumer Cyclical sector median 3.97%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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