Five Below (FIVE) Gross Margin (2011 - 2026)
Five Below (FIVE) posted Gross Margin of 40.32% for Q1 2026, up 19.14% on a QoQ basis from 33.85% in Q4 2025, and up 11.0% year-over-year from 36.33% in Q1 2025.
Five Below (FIVE) Gross Margin (2011 - 2026) Analysis & Trends
Five Below's Gross Margin history runs 16 years deep, the most recent figure standing at 40.32% for Q1 2026.
- Quarterly Gross Margin rose 11.0% year-over-year to 40.32% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 35.99% (up 110.0% YoY) and the FY2026 annual result came in at 35.99%, up 110.0% from the prior year.
- Gross Margin was 40.32% for Q1 2026 at Five Below, up from 33.85% in the prior quarter.
- Across five years, Gross Margin topped out at 41.23% in Q1 2024 and bottomed at 30.26% in Q4 2023.
- A 5-year average of 34.96% and a median of 33.37% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin sank 212 bps — and 2025, when it soared 326 bps.
- Five Below's Gross Margin stood at 32.22% in 2022, then decreased by 6 bps to 30.26% in 2023, then gained by 1 bps to 30.58% in 2024, then gained by 11 bps to 33.85% in 2025, then grew by 19 bps to 40.32% in 2026.
- Business Quant data shows FIVE's Gross Margin at 40.32% in Q1 2026, 33.85% in Q4 2025, and 33.34% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 32.43 Bn | 31.91 Bn | 1.08 Bn | 23.63% |
| 2 | NaaS Technology | 31.54 Bn | 31.54 Bn | - | - |
| 3 | Williams Sonoma | 28.17 Bn | 27.15 Bn | 1.10 Bn | 46.87% |
| 4 | Ulta Beauty | 23.05 Bn | 22.56 Bn | 1.48 Bn | 38.06% |
| 5 | Best Buy | 18.23 Bn | 16.48 Bn | 2.10 Bn | 23.52% |
| 6 | Dick'S Sporting Goods | 16.52 Bn | 15.17 Bn | 1.77 Bn | 28.43% |
| 7 | MINISO Group Holding | 15.94 Bn | 14.87 Bn | 414.86 Mn | 46.39% |
| 8 | Tractor Supply | 15.92 Bn | 15.70 Bn | 1.30 Bn | 36.22% |
| 9 | Five Below | 12.14 Bn | 11.21 Bn | 696.98 Mn | 40.32% |
| 10 | Murphy USA | 11.31 Bn | 11.19 Bn | -3.64 Bn | -644.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 40.32% |
| Nov 1, 2025 | 33.85% |
| Aug 2, 2025 | 33.34% |
| May 3, 2025 | 33.37% |
| Feb 1, 2025 | 40.21% |
| Nov 2, 2024 | 30.58% |
| Aug 3, 2024 | 32.74% |
| May 4, 2024 | 32.46% |
| Feb 3, 2024 | 41.23% |
| Oct 28, 2023 | 30.26% |
| Jul 29, 2023 | 34.86% |
| Apr 29, 2023 | 32.33% |
| Jan 28, 2023 | 40.29% |
| Oct 29, 2022 | 32.22% |
| Jul 30, 2022 | 34.16% |
| Apr 30, 2022 | 32.33% |
| Jan 29, 2022 | 39.84% |
| Oct 30, 2021 | 33.30% |
| Jul 31, 2021 | 35.62% |
| May 1, 2021 | 33.60% |