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

Five Below has reported Operating Expenses for 16 years, with the latest figure at $337.1 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 26.24% year-over-year to $337.1 million; the trailing twelve-month figure through Jan 2026 stood at $1.1 billion (up 23.66% YoY), and the FY2026 full-year result was $1.1 billion, up 23.66% from the prior year.
• Operating Expenses for Q1 2026 stood at $337.1 million, up from $259.2 million in the prior quarter.
• The five-year high for Operating Expenses was $337.1 million in Q1 2026, with the low at $121.0 million in Q1 2023.
• Historically, Operating Expenses has averaged $203.1 million across 5 years, with a median of $188.8 million in 2024.
• Annual changes were most pronounced in 2022 — Operating Expenses slipped 27.34% — and 2024, when it jumped 103.35%.
• Five Below's Operating Expenses stood at $186.9 million in 2022, then retreated by 7.36% to $173.1 million in 2023, then grew by 24.4% to $215.4 million in 2024, then increased by 20.37% to $259.2 million in 2025, then jumped by 30.04% to $337.1 million in 2026.
• The last three Operating Expenses figures came in at $337.1 million (Q1 2026), $259.2 million (Q4 2025), and $242.3 million (Q3 2025), per Business Quant data.