Filing Flows › Five Below (FIVE) › Q2 FY27
Five Below (FIVE) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 3, 2026
Five Below (FIVE) reported revenue of $1.3B for the second quarter fiscal 2027 (Q2 FY27), +23% from a year earlier and -2% from the quarter before. Operating margin was 21.8%, net earnings $221M (17.6% of revenue).
Five Below, Q2 FY27: revenue $1.3B (+23% year over year), operating margin 21.8%, net earnings $221M, operating cash flow $215M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -2% | +23% |
| Operating profit | $275M | +79% | +426% |
| Net earnings | $221M | +80% | +418% |
| Operating cash flow | $215M | -5% | +132% |
| Free cash flow | $142M | -25% | +195% |
What changed
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.
Questions
What was Five Below's revenue in the second quarter fiscal 2027?
Five Below (FIVE) reported revenue of $1.3B for the second quarter fiscal 2027 (Q2 FY27), +23% from a year earlier and -2% from the quarter before.
Was Five Below profitable in the second quarter fiscal 2027?
Operating profit was $275M (21.8% of revenue) and net earnings $221M.
Source: Five Below 10-Q on SEC EDGAR.