Filing Flows › Five Below (FIVE) › Q2 FY26
Five Below (FIVE) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Aug 28, 2025
Five Below (FIVE) reported revenue of $1.0B for the second quarter fiscal 2026 (Q2 FY26), +24% from a year earlier and +6% from the quarter before. Operating margin was 5.1%, net earnings $42.8M (4.2% of revenue).
Five Below, Q2 FY26: revenue $1.0B (+24% year over year), operating margin 5.1%, net earnings $42.8M, operating cash flow $93.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +6% | +24% |
| Operating profit | $52.4M | +3% | +26% |
| Net earnings | $42.8M | +4% | +30% |
| Operating cash flow | $93.0M | -30% | +31% |
| Free cash flow | $48.3M | -50% | — |
What changed
Revenue was $1.0B in Q2 FY26, up 24% year over year and up 6% from the previous quarter. Leisure was the largest line at 46% of revenue. Leisure added $0.10B year over year (up 25%), 49% of the total change.
Operating profit was $0.05B, a 5.1% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, above the 5% margin then. Total costs grew 24% against revenue growth of 24%. The fastest-growing cost line was SG&A (+28%). Net earnings were $0.04B, up 30% year over year. The effective tax rate was 26.2%.
Operating cash flow was $0.09B (up 31% year over year), 217% 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 $0.01B. Capital expenditures of $0.04B left free cash flow of $0.05B.
Questions
What was Five Below's revenue in the second quarter fiscal 2026?
Five Below (FIVE) reported revenue of $1.0B for the second quarter fiscal 2026 (Q2 FY26), +24% from a year earlier and +6% from the quarter before.
Was Five Below profitable in the second quarter fiscal 2026?
Operating profit was $52.4M (5.1% of revenue) and net earnings $42.8M.
Source: Five Below 10-Q on SEC EDGAR.