Five Below (FIVE) Gross Margin (2011 - 2026)

Five Below has reported Gross Margin for 16 years, with the latest figure at 40.32% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin rose 11.0% year-over-year to 40.32%; the trailing twelve-month figure through Jan 2026 stood at 35.99% (up 110.0% YoY), and the FY2026 full-year result was 35.99%, up 110.0% from the prior year.
• Gross Margin for Q1 2026 stood at 40.32%, up from 33.85% in the prior quarter.
• The five-year high for Gross Margin was 41.23% in Q1 2024, with the low at 30.26% in Q4 2023.
• Historically, Gross Margin has averaged 34.96% across 5 years, with a median of 33.37% in 2025.
• Annual changes were most pronounced in 2024 — Gross Margin slumped 212 bps — and 2025, when it soared 326 bps.
• Five Below's Gross Margin stood at 32.22% in 2022, then fell by 6 bps to 30.26% in 2023, then increased by 1 bps to 30.58% in 2024, then increased by 11 bps to 33.85% in 2025, then advanced by 19 bps to 40.32% in 2026.
• The last three Gross Margin figures came in at 40.32% (Q1 2026), 33.85% (Q4 2025), and 33.34% (Q3 2025), per Business Quant data.