Filing Flows › Five Below (FIVE) › Q1 FY26
Five Below (FIVE) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 5, 2025
Five Below (FIVE) reported revenue of $971M for the first quarter fiscal 2026 (Q1 FY26), +20% from a year earlier and -30% from the quarter before. Operating margin was 5.2%, net earnings $41.1M (4.2% of revenue).
Five Below, Q1 FY26: revenue $971M (+20% year over year), operating margin 5.2%, net earnings $41.1M, operating cash flow $133M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $971M | -30% | +20% |
| Operating profit | $50.8M | -79% | +41% |
| Net earnings | $41.1M | -78% | +31% |
| Operating cash flow | $133M | -64% | +402% |
| Free cash flow | $96.5M | -69% | — |
What changed
Revenue was $970.5M in Q1 FY26, up 20% year over year and down 30% from the previous quarter. Leisure was the largest line at 45% of revenue. Leisure added $61.1M year over year (up 16%), 38% of the total change.
Operating profit was $50.8M, a 5.2% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, above the 4% margin then. Total costs grew 19% against revenue growth of 20%. The fastest-growing cost line was Other operating costs (+25%). Net earnings were $41.1M, up 31% year over year. The effective tax rate was 27.2%.
Operating cash flow was $132.7M (up 402% year over year), 322% of net earnings. Non-cash charges added back $46.6M of depreciation and amortization and $9.9M of share-based compensation. Working capital and other items added $35.1M. Capital expenditures of $36.2M left free cash flow of $96.5M.
Questions
What was Five Below's revenue in the first quarter fiscal 2026?
Five Below (FIVE) reported revenue of $971M for the first quarter fiscal 2026 (Q1 FY26), +20% from a year earlier and -30% from the quarter before.
Was Five Below profitable in the first quarter fiscal 2026?
Operating profit was $50.8M (5.2% of revenue) and net earnings $41.1M.
Source: Five Below 10-Q on SEC EDGAR.