Chewy, Inc.
Financial Performance
Chewy Revenue & Financials
Revenue
$12.6B (FY2025)
Market Cap
$8.4B
Employees
18,000
What is Chewy's revenue?
Chewy had $12.6B in revenue for fiscal year 2025, up 6.2% from 2024.
- Latest revenue
- $12.6B (FY2025)
- Year-over-year
- +6.2%
- Growth rate (CAGR)
- 25.1% over 8 years
- Peak revenue
- $12.6B (FY2025)
- Years of data
- 9
- Employees
- 18,000
- What is Chewy's operating income?
- Chewy reported operating income of $254.3M for fiscal year 2025. sec.gov
- How many employees does Chewy have?
- Chewy has about 18,000 employees.
Financial Analysis
Chewy spent its early years losing money to build fulfillment capacity and acquire customers; it reported a net loss of $268 million on $3.5 billion of sales in fiscal 2018. Net sales then rose to $7.15 billion in fiscal 2020, $10.12 billion in fiscal 2022 and $12.6 billion in fiscal 2025 (8.3% growth). Fiscal 2025 net income was $222.8 million, adjusted EBITDA was $719 million, gross margin expanded to 29.8% and free cash flow hit a record $562.4 million. In Q2 fiscal 2026, net sales were $3.33 billion (up 7.3%, or 5.7% excluding SmartPak and Modern Animal), net income was $80.5 million and adjusted EBITDA margin was 6.8%. Management guided fiscal 2026 net sales to $13.46-$13.57 billion with a 6.7%-6.8% adjusted EBITDA margin. Chewy ended Q2 with $612 million in cash and more than $1 billion of total liquidity, after buying back $200 million of stock in the quarter. Chewy, Inc. commands a strong multi-billion dollar market valuation, maintaining its position as the dominant e-commerce retailer for pet products in the US.
Revenue Trend Analysis
YoY Change
+6.2%
8-Year CAGR
+25.1%
Peak Year
2025
Trend
Consistent Growth
Chewy, Inc. has 9 full fiscal year figures on this page, compounding at +25.1% annually over 8 years. The most recent year saw a 6.2% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $12.6B. Of 8 comparable year-over-year steps, 8 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $12.6B | $254.3Mfiling | — | +6.2% | data.sec.gov Fiscal 2025 net sales, for the year ended February 1, 2026, were $12.6015 billion. |
| FY2024 | $11.9B | $112.6Mfiling | — | +6.4% | data.sec.gov Fiscal 2024 net sales, for the year ended February 2, 2025, were $11.861 billion. |
| FY2023 | $11.1B | -$23.6Mfiling | — | +10.2% | data.sec.gov Fiscal 2023 net sales, for the year ended January 28, 2024, were $11.148 billion. |
| FY2022 | $10.1B | $56.4Mfiling | — | +12.8% | data.sec.gov Fiscal 2022 net sales, for the year ended January 29, 2023, were $10.119 billion. |
| FY2021 | $9B | -$73.6Mfiling | — | +25.5% | data.sec.gov Fiscal 2021 net sales, for the year ended January 30, 2022, were $8.967 billion. |
| FY2020 | $7.1B | -$90.5Mfiling | — | +47.4% | data.sec.gov Fiscal 2020 net sales, for the year ended January 31, 2021, were $7.146 billion. |
| FY2019 | $4.8B | -$252.7M | -$252.4M | +37.2% | Chewy, Inc. annual report (Form 10-K, SEC EDGAR, filed 2022-03-29) Fiscal year ended 2020-02-02. |
| FY2018 | $3.5B | -$267.8M | -$267.9M | +67.9% | Chewy, Inc. annual report (Form 10-K, SEC EDGAR, filed 2021-03-30) Fiscal year ended 2019-02-03. |
| FY2017 | $2.1B | -$337.9M | -$338.1M | — | Chewy, Inc. annual report (Form 10-K, SEC EDGAR, filed 2020-04-02) Fiscal year ended 2018-01-28. |
Click any row to see year details.
Chewy, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2025ended Feb 1, 2026 | $691.6M | $3.4B | $2.9B | $497.9M | Form 10-K |
| FY2024ended Feb 2, 2025 | $596.3M | $3B | $2.8B | $261.5M | Form 10-K |
| FY2023ended Jan 28, 2024 | $486.2M | $3.2B | $2.7B | $510.3M | Form 10-K |
| FY2022ended Jan 29, 2023 | $349.8M | $2.5B | $2.4B | $160.3M | Form 10-K |
| FY2021ended Jan 30, 2022 | $191.7M | $2.1B | $2.1B | -$39.6M | Form 10-K |
| FY2020ended Jan 31, 2021 | $132.8M | $1.7B | $1.7B | -$55M | Form 10-K |
| FY2019ended Feb 2, 2020 | $46.6M | $932.3M | $1.3B | -$404M | Form 10-K |
| FY2018ended Feb 3, 2019 | -$13.4M | $541.6M | $877.6M | -$335.9M | Form 10-K |
Keep researching Chewy
Chewy Revenue and Financial FAQ
What was Chewy's revenue in fiscal 2025?
Chewy reported $12.6 billion in net sales for fiscal 2025 (ended February 1, 2026), up 8.3% from $11.86 billion in fiscal 2024.
Is Chewy profitable?
Yes. Chewy earned $222.8 million in net income and $719 million in adjusted EBITDA in fiscal 2025. In Q2 fiscal 2026 net income was $80.5 million, a 2.4% net margin.
What were Chewy's Q2 2026 results?
For the quarter ended August 2, 2026, Chewy reported net sales of $3.33 billion (up 7.3%), gross margin of 30.4%, adjusted EBITDA of $226.7 million (6.8% margin) and adjusted diluted EPS of $0.36.
What is Chewy's fiscal 2026 guidance?
In September 2026 Chewy raised fiscal 2026 guidance to $13.46-$13.57 billion in net sales and a 6.7%-6.8% adjusted EBITDA margin.
How much free cash flow does Chewy generate?
Chewy generated a record $562.4 million of free cash flow in fiscal 2025, and $90 million in Q2 fiscal 2026.
What is Chewy's net sales per active customer?
Net sales per active customer (NSPAC) was $602 in Q2 fiscal 2026, up 1.9% as reported.
What is Chewy's market cap?
Chewy's market capitalization was about $8.4 billion in mid-September 2026, after the stock fell sharply from its 52-week high.
How much cash does Chewy have?
Chewy ended Q2 fiscal 2026 with $612 million in cash and cash equivalents and more than $1 billion in total liquidity, after repurchasing $200 million of stock in the quarter.
Is Chewy a profitable company?
For years, Chewy intentionally burned massive amounts of cash to acquire customers and build giant fulfillment centers to fight Amazon. They finally crossed into consistent net profitability following a massive surge in pet adoption during the COVID-19 pandemic.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Chewy Revenue & Financials." CorpDigest, https://corpdigest.com/company/chewy/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Chewy reported $12.6B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/chewy/financials" target="_blank" rel="noopener">CorpDigest — Chewy financials</a></div>Related Financial Audits
Compare revenue, net income, and market cap scale
Explore Chewy
Core profile pages, founders and related research hubs for this company.