Filing Flows › Chewy (CHWY) › Q3 FY26
Chewy (CHWY) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 10, 2025
Chewy (CHWY) reported revenue of $3.1B for the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier and +0.4% from the quarter before. Operating margin was 2.1%, net earnings $59.2M (1.9% of revenue).
Chewy, Q3 FY26: revenue $3.1B (+8% year over year), operating margin 2.1%, net earnings $59.2M, operating cash flow $208M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | +0.4% | +8% |
| Gross profit | $928M | -1% | +10% |
| Operating profit | $65.2M | -6% | +155% |
| Net earnings | $59.2M | -5% | 15× |
| Operating cash flow | $208M | +55% | +13% |
| Free cash flow | $176M | +66% | +16% |
What changed
Revenue was $3.1B in Q3 FY26, up 8% year over year and roughly flat from the previous quarter.
Gross margin was 29.8%, up 0.5 points from a year earlier. Operating profit was $0.07B, a 2.1% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, above the 1% margin then. Operating expenses grew 5% against revenue growth of 8%. Net earnings were $0.06B, up 1418% year over year. The effective tax rate was 14.6%.
Operating cash flow was $0.21B (up 13% year over year), 351% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items added $0.04B. Capital expenditures of $0.03B left free cash flow of $0.18B.
Questions
What was Chewy's revenue in the third quarter fiscal 2026?
Chewy (CHWY) reported revenue of $3.1B for the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier and +0.4% from the quarter before.
Was Chewy profitable in the third quarter fiscal 2026?
Operating profit was $65.2M (2.1% of revenue) and net earnings $59.2M.
Source: Chewy 10-Q on SEC EDGAR.