Filing Flows › Chewy (CHWY) › Q1 FY26
Chewy (CHWY) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 11, 2025
Chewy (CHWY) reported revenue of $3.1B for the first quarter fiscal 2026 (Q1 FY26), +8% from a year earlier and -4% from the quarter before. Operating margin was 2.5%, net earnings $62.4M (2.0% of revenue).
Chewy, Q1 FY26: revenue $3.1B (+8% year over year), operating margin 2.5%, net earnings $62.4M, operating cash flow $86.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | -4% | +8% |
| Gross profit | $924M | -0.2% | +8% |
| Operating profit | $76.9M | — | +19% |
| Net earnings | $62.4M | +174% | -7% |
| Operating cash flow | $86.4M | -58% | +5% |
| Free cash flow | $48.7M | -69% | -7% |
What changed
Revenue was $3.1B in Q1 FY26, up 8% year over year and down 4% from the previous quarter.
Gross margin was 29.6%, unchanged from a year earlier. Operating profit was $0.08B, a 2.5% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 5% reached operating profit, above the 2% margin then. Operating expenses grew 7% against revenue growth of 8%. Net earnings were $0.06B, down 7% year over year. The effective tax rate was 19.9%.
Operating cash flow was $0.09B (up 5% year over year), 138% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.04B left free cash flow of $0.05B.
Questions
What was Chewy's revenue in the first quarter fiscal 2026?
Chewy (CHWY) reported revenue of $3.1B for the first quarter fiscal 2026 (Q1 FY26), +8% from a year earlier and -4% from the quarter before.
Was Chewy profitable in the first quarter fiscal 2026?
Operating profit was $76.9M (2.5% of revenue) and net earnings $62.4M.
Source: Chewy 10-Q on SEC EDGAR.