Five Below (FIVE) Operating Expenses (2011 - 2026)
Five Below's Operating Expenses came in at $285.87 million for fiscal Q2 2027 (quarter ended Aug 1, 2026), up 18.0% from $242.31 million a year earlier and up 4.6% from the prior quarter.
Powered by 
Analysis
Five Below (FIVE) Operating Expenses (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Aug 1, 2026, Five Below reported Operating Expenses of $1.16 billion, up 21.5% year-over-year; for FY2026 (ended Jan 31, 2026), it was $1.07 billion, up 23.7% from FY2025.
- Operating Expenses has increased in each of the last 15 fiscal years, with a five-year compound annual growth rate of 16.4% (FY2021 to FY2026).
- Going back by fiscal year, Operating Expenses was $861.4 million in FY2025 (+13.7%), $757.51 million in FY2024 (+17.5%), $644.83 million in FY2023 (+14.0%) and $565.73 million in FY2022 (+13.7%).
- The five-year range for quarterly Operating Expenses is $121.01 million (fiscal Q4 2023) to $337.11 million (fiscal Q4 2026).
- Year-over-year, Operating Expenses has increased for 11 consecutive quarters, with growth averaging 20.7% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in fiscal Q4 2024 (growth of 103.4%), and the weakest in fiscal Q4 2022 (a decline of 27.3%).
- Business Quant data shows FIVE's Operating Expenses at $273.28 million (Q1 2027), $337.11 million (Q4 2026) and $259.24 million (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,826.22 Bn | 2,342.91 Bn | 104.83 Bn | 173.15 Bn |
| 2 | Home Depot | 312.87 Bn | 306.11 Bn | 16.12 Bn | 9.28 Bn |
| 3 | Tjx Companies | 162.20 Bn | 139.75 Bn | 5.07 Bn | 3.09 Bn |
| 4 | Lowes Companies | 110.98 Bn | 103.94 Bn | 8.58 Bn | 4.46 Bn |
| 5 | Ross Stores | 75.30 Bn | 58.23 Bn | 2.12 Bn | 1.02 Bn |
| 6 | O Reilly Automotive | 74.25 Bn | 73.33 Bn | 2.52 Bn | 1.53 Bn |
| 7 | Target | 70.03 Bn | 64.62 Bn | 8.94 Bn | 5.73 Bn |
| 8 | Autozone | 52.03 Bn | 50.93 Bn | 2.52 Bn | 1.60 Bn |
| 9 | Carvana | 43.27 Bn | 33.76 Bn | 1.38 Bn | 704.00 Mn |
| 10 | Five Below | 12.31 Bn | 8.55 Bn | 612.42 Mn | 285.87 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 |
API Access
Five Below Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=FIVE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "FIVE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=FIVE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();