Five Below (FIVE) Operating Expenses (2011 - 2026)
Five Below's (FIVE) quarterly Operating Expenses came in at $285.9 million in Q3 2026, up 17.98% on a YoY basis from $242.3 million in Q3 2025, and up 4.61% quarter-over-quarter from $273.3 million in Q2 2026.
Analysis
Five Below (FIVE) Operating Expenses (2011 - 2026) Analysis & Trends
Five Below (FIVE) has reported Operating Expenses for 16 consecutive years, with $285.9 million the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Operating Expenses rose 17.98% year-over-year to $285.9 million; the trailing twelve-month figure through Aug 2026 stood at $1.2 billion (up 21.48% YoY), and the FY2026 full-year result was $1.1 billion, up 23.66% from the prior year.
- Operating Expenses grew to $285.9 million in Q3 2026 per FIVE's latest filing, from $273.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $337.1 million in Q1 2026 and bottomed at $121.0 million in Q1 2023.
- Historically, Operating Expenses has averaged $211.2 million across 5 years, with a median of $190.2 million in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses dropped 27.34% in 2022, then surged 103.35% in 2024.
- Over 5 years, Operating Expenses stood at $186.9 million in 2022, then slipped by 7.36% to $173.1 million in 2023, then rose by 24.4% to $215.4 million in 2024, then gained by 20.37% to $259.2 million in 2025, then advanced by 10.27% to $285.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $285.9 million, $273.3 million, and $337.1 million for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Target | 71.75 Bn | 66.34 Bn | 8.94 Bn | 5.73 Bn |
| 2 | Five Below | 13.61 Bn | 12.43 Bn | 612.42 Mn | 285.87 Mn |
| 3 | Ollie's Bargain Outlet Holdings | 4.36 Bn | 4.17 Bn | 322.17 Mn | 241.89 Mn |
| 4 | MINISO Group Holding | 2.83 Bn | 1.75 Bn | 387.56 Mn | -274.30 Mn |
| 5 | Savers Value Village | 1.52 Bn | 1.43 Bn | 254.92 Mn | 405.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 285.87 Mn |
| May 2, 2026 | 273.28 Mn |
| Jan 31, 2026 | 337.11 Mn |
| Nov 1, 2025 | 259.24 Mn |
| Aug 2, 2025 | 242.31 Mn |
| May 3, 2025 | 226.50 Mn |
| Feb 1, 2025 | 267.04 Mn |
| Nov 2, 2024 | 215.37 Mn |
| Aug 3, 2024 | 188.81 Mn |
| May 4, 2024 | 190.19 Mn |
| Feb 3, 2024 | 246.08 Mn |
| Oct 28, 2023 | 173.12 Mn |
| Jul 29, 2023 | 175.10 Mn |
| Apr 29, 2023 | 163.21 Mn |
| Jan 28, 2023 | 121.01 Mn |
| Oct 29, 2022 | 186.87 Mn |
| Jul 30, 2022 | 172.50 Mn |
| Apr 30, 2022 | 164.45 Mn |
| Jan 29, 2022 | 124.49 Mn |
| Oct 30, 2021 | 159.91 Mn |