Filing Flows › Chewy (CHWY) › How it makes money
How Chewy (CHWY) makes money
Chewy (CHWY) made $3.3B of revenue in the second quarter fiscal 2027 (Q2 FY27), +7% from a year earlier. Of every dollar of revenue, 30¢ was left as gross profit, 3¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 FY27 | % of revenue |
|---|---|---|
| Revenue | $3.3B | 100.0% |
| Cost of revenue | $2.3B | 69.6% |
| Gross profit | $1.0B | 30.4% |
| Operating expenses | $919M | 27.6% |
| Operating profit | $92.0M | 2.8% |
| Income tax | $31.4M | 0.9% |
| Net earnings | $80.5M | 2.4% |
| Operating cash flow | $137M | 4.1% |
| Free cash flow | $89.5M | 2.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 FY27 | $3.3B | +7% |
| Q1 FY27 | $3.4B | +8% |
| Q4 FY26 | $3.3B | +0.5% |
| Q3 FY26 | $3.1B | +8% |
| Q2 FY26 | $3.1B | +9% |
| Q1 FY26 | $3.1B | +8% |
| Q4 FY25 | $3.2B | +15% |
From Chewy's 10-Q filed Sep 9, 2026 (on EDGAR).
Questions
How does Chewy make money?
Chewy (CHWY) made $3.3B of revenue in the second quarter fiscal 2027 (Q2 FY27), +7% from a year earlier. Of every dollar of revenue, 30¢ was left as gross profit, 3¢ was left as operating profit, 2¢ was left as net earnings.
What is Chewy's profit margin?
Net earnings were $80.5M, 2.4% of revenue, in the second quarter fiscal 2027; the operating margin was 2.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.