Five Below (FIVE) Operating Leases (2019 - 2026)

Five Below's Operating Leases history runs 8 years deep, the most recent figure standing at $1.7 billion for Q1 2026.

• Quarterly Operating Leases rose 1.43% year-over-year to $1.7 billion in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $1.7 billion (up 1.43% YoY) and the FY2026 annual result came in at $1.7 billion, up 1.43% from the prior year.
• Operating Leases was $1.7 billion for Q1 2026 at Five Below, down from $2.0 billion in the prior quarter.
• Across five years, Operating Leases topped out at $2.0 billion in Q4 2025 and bottomed at $1.1 billion in Q1 2022.
• A 5-year average of $1.5 billion and a median of $1.5 billion in 2024 frame the typical range for Operating Leases.
• Annual changes were most pronounced in 2025 — Operating Leases grew 24.57% — and 2026, when it rose 1.43%.
• Five Below's Operating Leases stood at $1.3 billion in 2022, then climbed by 12.5% to $1.5 billion in 2023, then increased by 11.1% to $1.6 billion in 2024, then advanced by 24.57% to $2.0 billion in 2025, then retreated by 14.06% to $1.7 billion in 2026.
• Business Quant data shows FIVE's Operating Leases at $1.7 billion in Q1 2026, $2.0 billion in Q4 2025, and $1.7 billion in Q3 2025.