Five Below (FIVE) Operating Expenses (2011 - 2026)
Five Below's (FIVE) quarterly Operating Expenses came in at $337.1 million in Q1 2026, up 26.24% YoY from $267.0 million in Q1 2025, and up 30.04% on a QoQ basis from $259.2 million in Q4 2025.
Five Below (FIVE) Operating Expenses (2011 - 2026) Analysis & Trends
Five Below (FIVE) has 16 years of Operating Expenses data on file, last reported at $337.1 million in 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 rose to $337.1 million in Q1 2026, from $259.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $337.1 million in Q1 2026 to a low of $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 slipped 27.34% — and 2024, when it jumped 103.35%.
- Tracing FIVE's Operating Expenses over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 30.70 Bn | 30.18 Bn | 1.08 Bn | 730.02 Mn |
| 2 | Williams Sonoma | 28.62 Bn | 27.60 Bn | 1.10 Bn | 627.08 Mn |
| 3 | Ulta Beauty | 22.58 Bn | 22.36 Bn | 1.27 Bn | 819.36 Mn |
| 4 | Tractor Supply | 18.35 Bn | 18.12 Bn | 1.68 Bn | 1.02 Bn |
| 5 | Best Buy | 18.03 Bn | 16.28 Bn | 2.10 Bn | 1.73 Bn |
| 6 | Dick'S Sporting Goods | 15.93 Bn | 14.93 Bn | 1.68 Bn | 1.22 Bn |
| 7 | Five Below | 13.08 Bn | 11.97 Bn | 478.64 Mn | 273.28 Mn |
| 8 | Murphy USA | 10.51 Bn | 10.33 Bn | 746.50 Mn | 6.50 Bn |
| 9 | Bath & Body Works | 4.08 Bn | 3.13 Bn | 1.24 Bn | 645.00 Mn |
| 10 | MINISO Group Holding | 3.42 Bn | 2.45 Bn | 414.86 Mn | -290.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jul 31, 2021 | 144.15 Mn |