Growth Metrics

Five Below (FIVE) Gross Margin (2016 - 2026)

Five Below filings provide 16 years of Gross Margin readings, the most recent being 40.32% for Q1 2026.

  • On a quarterly basis, Gross Margin rose 11.0% to 40.32% in Q1 2026 year-over-year; TTM through Jan 2026 was 35.99%, a 110.0% increase, with the full-year FY2026 number at 35.99%, up 110.0% from a year prior.
  • Gross Margin hit 40.32% in Q1 2026 for Five Below, up from 33.85% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 41.23% in Q1 2024 to a low of 30.26% in Q4 2023.
  • Median Gross Margin over the past 5 years was 33.37% (2025), compared with a mean of 34.96%.
  • Biggest five-year swings in Gross Margin: plummeted -212bps in 2024 and later surged 326bps in 2025.
  • Five Below's Gross Margin stood at 32.22% in 2022, then decreased by -6bps to 30.26% in 2023, then grew by 1bps to 30.58% in 2024, then grew by 11bps to 33.85% in 2025, then grew by 19bps to 40.32% in 2026.
  • The last three reported values for Gross Margin were 40.32% (Q1 2026), 33.85% (Q4 2025), and 33.34% (Q3 2025) per Business Quant data.