Five Below (FIVE) Operating Margin (2011 - 2026)
Five Below (FIVE) reported Operating Margin of 17.99% for Q1 2026, up 24.0% on a YoY basis from 14.5% in Q1 2025, and up 331.23% quarter-over-quarter from 4.17% in Q4 2025.
Five Below (FIVE) Operating Margin (2011 - 2026) Analysis & Trends
Five Below has reported Operating Margin for 16 years, with the latest figure at 17.99% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 24.0% year-over-year to 17.99%; the trailing twelve-month figure through Jan 2026 stood at 9.6% (up 125.0% YoY), and the FY2026 full-year result was 9.6%, up 125.0% from the prior year.
- Operating Margin for Q1 2026 stood at 17.99%, up from 4.17% in the prior quarter.
- The five-year high for Operating Margin was 20.11% in Q1 2023, with the low at 0.07% in Q4 2024.
- Historically, Operating Margin has averaged 8.98% across 5 years, with a median of 5.84% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin plunged 495 bps — and 2025, when it soared 424 bps.
- Five Below's Operating Margin stood at 3.25% in 2022, then plunged by 33 bps to 2.19% in 2023, then tumbled by 103 bps to 0.07% in 2024, then jumped by 5907 bps to 4.17% in 2025, then surged by 331 bps to 17.99% in 2026.
- The last three Operating Margin figures came in at 17.99% (Q1 2026), 4.17% (Q4 2025), and 5.1% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 28.23 Bn | 27.77 Bn | 1.01 Bn | 7.89% |
| 2 | Williams Sonoma | 25.94 Bn | 24.92 Bn | 1.10 Bn | 20.27% |
| 3 | Ulta Beauty | 21.42 Bn | 20.93 Bn | 1.48 Bn | 12.23% |
| 4 | Dick'S Sporting Goods | 18.30 Bn | 16.95 Bn | 1.77 Bn | 2.96% |
| 5 | Best Buy | 15.81 Bn | 14.06 Bn | 2.10 Bn | 4.14% |
| 6 | Tractor Supply | 15.78 Bn | 15.56 Bn | 1.30 Bn | 6.50% |
| 7 | NaaS Technology | 14.29 Bn | 14.27 Bn | - | - |
| 8 | Five Below | 10.51 Bn | 9.58 Bn | 696.98 Mn | 17.99% |
| 9 | Murphy USA | 10.28 Bn | 10.16 Bn | 3.98 Bn | 4.26% |
| 10 | GameStop | 9.98 Bn | 965.44 Mn | 386.80 Mn | 12.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 17.99% |
| Nov 1, 2025 | 4.17% |
| Aug 2, 2025 | 5.10% |
| May 3, 2025 | 5.24% |
| Feb 1, 2025 | 17.74% |
| Nov 2, 2024 | -0.07% |
| Aug 3, 2024 | 5.00% |
| May 4, 2024 | 4.45% |
| Feb 3, 2024 | 20.07% |
| Oct 28, 2023 | 2.19% |
| Jul 29, 2023 | 7.72% |
| Apr 29, 2023 | 5.84% |
| Jan 28, 2023 | 20.11% |
| Oct 29, 2022 | 3.25% |
| Jul 30, 2022 | 8.37% |
| Apr 30, 2022 | 6.62% |
| Jan 29, 2022 | 18.83% |
| Oct 30, 2021 | 6.99% |
| Jul 31, 2021 | 13.33% |
| May 1, 2021 | 10.65% |