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Chewy vs QVC Group: CHWY and QVCG compared
Chewy is the larger company: $3.3B of revenue in its latest quarter (Q2 FY27) against $1.8B for QVC Group (Q2 2026). Chewy is growing faster (+7% against -11% a year earlier). QVC Group is more profitable, with an operating margin of 3.5% against 2.8%.
Where the money goes: CHWY and QVCG
Chewy (CHWY) · Q2 FY27
Chewy, Q2 FY27: revenue $3.3B (+7% year over year), operating margin 2.8%, net earnings $80.5M, operating cash flow $137M. The chart follows the revenue to costs, profit and cash.
QVC Group (QVCG) · Q2 2026
QVC Group, Q2 2026: revenue $1.8B (-11% year over year), operating margin 3.5%, net loss $21.0M, operating cash flow $154M. The chart follows the revenue to costs, profit and cash.
| Chewy (CHWY) | QVC Group (QVCG) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 2026 |
| Revenue | $3.3B | $1.8B |
| Revenue growth, Y/Y | +7% | -11% |
| Gross margin | 30.4% | — |
| Operating margin | 2.8% | 3.5% |
| Net earnings | $80.5M | −$21.0M |
| Net margin | 2.4% | -1.2% |
| Operating cash flow | $137M | $154M |
| Free cash flow | $89.5M | $121M |
| Market value | $9.2B | — |
| P/E | 33.7× | — |
| Analysts’ mean target | $28.64 | — |
Where the revenue comes from
QVC Group
- Home: $695M (39%)
- Apparel: $374M (21%)
- Beauty: $299M (17%)
- Accessories: $203M (12%)
Questions
Which is bigger, Chewy or QVC Group?
Chewy is the larger company: $3.3B of revenue in its latest quarter (Q2 FY27) against $1.8B for QVC Group (Q2 2026).
Is Chewy or QVC Group growing faster?
Chewy is growing faster (+7% against -11% a year earlier).
Which is more profitable, Chewy or QVC Group?
QVC Group is more profitable, with an operating margin of 3.5% against 2.8%.
More: Chewy earnings · how Chewy makes money · QVC Group earnings · how QVC Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 9, 2026; 10-Q filed Aug 4, 2026). Fiscal quarters can end on different dates. Not investment advice.