Five Below (FIVE) Operating Expenses (2011 - 2026)

Five Below's Operating Expenses history runs 16 years deep, the most recent figure standing at $337.1 million for Q1 2026.

• Quarterly Operating Expenses rose 26.24% year-over-year to $337.1 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $1.1 billion (up 23.66% YoY) and the FY2026 annual result came in at $1.1 billion, up 23.66% from the prior year.
• Operating Expenses was $337.1 million for Q1 2026 at Five Below, up from $259.2 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.
• A 5-year average of $203.1 million and a median of $188.8 million in 2024 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses fell 27.34% — and 2024, when it jumped 103.35%.
• Five Below's 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 soared by 30.04% to $337.1 million in 2026.
• Business Quant data shows FIVE's Operating Expenses at $337.1 million in Q1 2026, $259.2 million in Q4 2025, and $242.3 million in Q3 2025.