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Five Below (FIVE) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Sep 3, 2026 · Five Below (FIVE) Q2 FY27 earnings results →

Q2 FY27 Revenue up 23% year over year to $1.3B · 18¢ of every $1 of revenue kept as net profit · operating margin 21.8%

Five Below made $1.3B in Q2 FY27 (+23% Y/Y): Leisure $644M, Fashion and home $338M, Snack and seasonal $280M. Operating margin 21.8%, net earnings $221M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 3, 2026.

Revenue$1.3B
Year over year+23%
Operating margin21.8%
Net earnings$221M
Operating cash flow$215M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Five Below Q2 FY27 revenue breakdown: Sankey diagram of revenue (Leisure, Fashion and home, Snack and seasonal), costs, profit and cash flow
Five Below Q2 FY27 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.3B in Q2 FY27, up 23% year over year and down 2% from the previous quarter. Leisure was the largest line at 51% of revenue. Leisure added $0.17B year over year (up 37%), 74% of the total change.

Operating profit was $0.28B, a 21.8% margin (up 16.7 points year over year). Of the extra revenue versus Q2 FY26, 95% reached operating profit, above the 5% margin then. Total costs grew 1% against revenue growth of 23%. The fastest-growing cost line was SG&A (+18%). Net earnings were $0.22B, up 418% year over year. The effective tax rate was 23.9%.

Operating cash flow was $0.22B (up 132% year over year), 97% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.07B left free cash flow of $0.14B.

Quarterly history

Five Below revenue by quarterFive Below revenue by quarter$1.4BQ4 FY25$971MQ1 FY26$1.0BQ2 FY26$1.0BQ3 FY26$1.7BQ4 FY26$1.3BQ1 FY27$1.3BQ2 FY27
Five Below net earnings by quarterFive Below net earnings by quarter$187MQ4 FY25$41.1MQ1 FY26$42.8MQ2 FY26$36.5MQ3 FY26$238MQ4 FY26$123MQ1 FY27$221MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QSep 3, 2026$1.3B+23%21.8%$221M$215M
Q1 FY2710-QJun 4, 2026$1.3B+32%12.0%$123M$227M
Q4 FY2610-KMar 19, 2026$1.7B+24%18.0%$238M$441M
Q3 FY2610-QDec 4, 2025$1.0B+23%4.2%$36.5M−$80.1M
Q2 FY2610-QAug 28, 2025$1.0B+24%5.1%$42.8M$93.0M
Q1 FY2610-QJun 5, 2025$971M+20%5.2%$41.1M$133M
Q4 FY2510-KMar 20, 2025$1.4B+4%17.7%$187M$364M

Charts

Five Below: revenue growth, year over year and quarter over quarterFive Below: revenue growth, year over year and quarter over quarterY/YQ/Q+4%Q4 FY25+20%-30%Q1 FY26+24%+6%Q2 FY26+23%+1%Q3 FY26+24%+66%Q4 FY26+32%-26%Q1 FY27+23%-2%Q2 FY27
Latest (Q2 FY27): Y/Y +23%, Q/Q -2%.
Five Below: where the cash came from (+) and went (−), TTM to Q2 FY27Five Below: where the cash came from (+) and went (−), TTM to Q2 FY27Operating cash flow$803MOther investing−$519MCapital spending−$204MBuybacks−$60.4MTaxes on employees’ shares−$22.1MCash drawn (+) / kept (−)$1.7MOther financing$929K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Five Below: profit against cash, quarter by quarterFive Below: profit against cash, quarter by quarterNet incomeOperating cash flow$1.7M−$30.6MQ3 FY25$187M$364MQ4 FY25$41.1M$133MQ1 FY26$42.8M$93.0MQ2 FY26$36.5M−$80.1MQ3 FY26$238M$441MQ4 FY26$123M$227MQ1 FY27$221M$215MQ2 FY27
Latest (Q2 FY27): Net income $221M, Operating cash flow $215M.
Five Below: diluted shares by fiscal yearFive Below: diluted shares by fiscal year56MFY2156MFY2256MFY2356MFY2455MFY2555MFY26
-1.1% since FY21: buybacks shrank the count.
Five Below in its industry: growth against margin (9 companies, SIC 5331)Five Below in its industry: growth against margin (9 companies, SIC 5331)revenue growth, year over year →↑ operating marginmedian +9%median 7%WMTCOSTTGTDGBJDLTRPSMTOLLIFIVE (+23%, 22%)
Retail-Variety Stores; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Five Below

Five Below, Inc. was incorporated in Pennsylvania in January 2002. Our principal executive office is located at 701 Market Street, Suite 300, Philadelphia, PA 19106 and our telephone number is (215) 546-7909. Our corporate website address is www.fivebelow.com . The information contained on, or accessible through, our corporate website does not constitute part of this Annual Report. As used herein, “Five Below,” the “Company,” “we,” “us,” “our” or “our business” refers to Five Below, Inc. (collectively with its wholly owned subsidiaries), except as expressly indicated or unless the context otherwise requires. As used herein, references to “crew” refers to our employees, and references to “shipcenters” refers to our distribution and logistics centers.

In its own words, from its 10-K, filed Mar 19, 2026.

Five Below against its Retail-Variety Stores peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +23% against the peers' median +9%. Operating margin: 21.8% against the peers' median 6.8%.

CompanyQuarterRevenueY/YOp. margin
FIVE Five BelowQ2 FY27$1.3B+23%21.8%
WMT WalmartQ2 FY27$187.9B+6%5.0%
COST Costco WholesaleQ4 FY26$95.7B+11%4.0%
TGT TargetQ2 FY27$26.5B+5%9.6%
DG Dollar GeneralQ2 FY27$11.3B+5%6.8%
BJ BJ's Wholesale Club HoldingsQ2 FY27$6.2B+16%4.1%
DLTR Dollar TreeQ2 FY27$4.9B+7%14.1%
PSMT PricesmartQ4 FY26$1.5B+14%3.8%
OLLI Ollie's Bargain Outlet HoldingsQ2 FY27$741M+9%14.6%

Source: Five Below 10-Q on SEC EDGAR · CIK 1177609 · Retail-Variety Stores

Guidance and outlook

Five Below Revenue: guidance against what was reportedFive Below Revenue: guidance against what was reportedguided rangereported (above / within / below)Q2 FY26$1.0BQ3 FY26$1.0BFY26$4.8BQ4 FY26$1.7BFY27Q1 FY27$1.3BQ2 FY27$1.3BQ3 FY27
Met or beat 9 of 9 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns FIVE and who is buying

Largest holders of FIVE (13F)Largest holders of FIVE (13F)Vanguard Group$1.0BBlackRock$965MVanguard Capital Management LLC$449MVanguard Portfolio Management LLC$427MAQR Capital Management LLC$340MWellington Management Group LLP$326MState Street$310MTwo Sigma Investments, LP$289MMarshall Wace, LLP$276MFederated Hermes$239M
Funds' net buying of FIVE by quarter (13F)Funds' net buying of FIVE by quarter (13F)−$83.6M2024-09−$12.5M2024-12−$77.6M2025-03$246M2025-06−$87.0M2025-09−$157M2025-12−$270M2026-03−$110M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on FIVE

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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