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Five Below, Inc (FIVE) stock

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NASDAQ: FIVE Nasdaq Other Specialty Retail Next results ~December 2, 2026

B+ Fundamentals grade

Five Below, Inc is a US-listed company in the other specialty retail industry. Its financial year ends in January.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$280

Cash-flow model

Base case. Range ~$220–$360 across our lower- and higher-growth cases (15%–25% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 16% below our base value.

Price used: $238.97, November 2, 2026

Five Below, Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 9 selling1 purchase and 51 sales by directors and officers, last 12 monthsInsider trades
  • Funds283 adding, 357 cuttingOf 83 active managers that changed their stake, 43 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Five Below files

Where Five Below stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $5.31bn, up 25.6% on a year earlier, about the same pace as a quarter earlier. That growth ranks 127 of 931 among all the companies we cover. Free-cash-flow margin rose to 11.3% from 8.2% a year earlier. Operating margin widened to 14.7% from 8.3%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $301 a share, against a share price of $225. At that price, our model says the market is pricing in about 14.3% a year of cash-flow growth for five years, close to the 13.3% a year revenue growth it has delivered.

Source: 10-Q filed September 3, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 2, 2026 (estimated)

Five Below, Inc's trailing-twelve-month revenue grew 25.6% year on year, with a free-cash-flow margin of 11.3%. Where it stands out: net margin of 11.7% ranks 2 of 35 other specialty retail companies we cover.

Our discounted-cash-flow model values the business at ~$280 per share in the base case (~$220–$360 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 73.6% while net income grew 126.8%: a 53pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 25.6% over the last 12 months, against a median of 4.0% for other specialty retail companies we cover.
  • Margins widening. Operating margin is up 6.5 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.6bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 13.3% over 90 days.

Things to watch

  • Short interest rising. Shares sold short rose 17% in a month to 5.3% of tradable shares.

Latest results: FY2027 Q2

Filed September 3, 2026
Earnings per share
$1.68 against an average estimate of $1.41: beat by 19.3%
Revenue
$1.26bn, up 22.9% on a year earlier
Share reaction
-2.1% in the first session after the results on September 2, 2026, against +1.5% for the S&P 500
Guidance given
net sales $1.21bn to $1.23bn (third quarter of Fiscal 2026); net new stores 40 (third quarter of Fiscal 2026)
Next report
December 2, 2026; average EPS estimate $1.14

Five Below's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.8%
  • 1 week+3.9%
  • 1 month+8.0%
  • This year+26.9%
  • 1 year+51.9%
  • 5 years+17.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.3B
Operating margin
14.7%
Net margin
11.7%
EPS (TTM, diluted)
$11.14

Growth

Revenue growth
+25.6%
Change in growth rate
−0.3 pts
Share count change
+0.6%

Cash

Free cash flow (TTM)
$599M
FCF margin
11.3%
Stock pay % of revenue
0.6%

Earnings

Last results
September 2, 2026
Next results (est.)
December 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Agreement
  3. Leadership
  4. Insider trade
  5. Insider trade
  6. Insider trade
  7. Results
  8. Guidance
  9. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Five Below, Inc valuation models and calculator

What the price is pricing in

The share price implies about 14.3% a year of cash-flow growth for five years.That is close to the 13.3% a year revenue growth Five Below has delivered.

  • Priced in14.3%
  • Last 12 months25.6%
  • 3 years a year17.8%
  • 5 years a year13.3%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($236.47, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$280
Price used
$236.47close November 3, 2026
Implied change
▲ +20%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Five Below, Inc's free cash flow after stock-based pay with after-tax interest added back ($356M, FY2027 Q2 TTM), growing 14.2% and 16% in the next two years (forecasts, guidance and its record), then back to 20% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$220–~$360 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Five Below, Inc's free cash flow after stock-based pay ( $356M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Five Below, Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.07 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$280 ~$220–$360 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$150 ~$110–$180 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$140 ~$97–$200 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$140 ~$99–$210 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$110 ~$96–$130 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$180 ~$110–$280 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Five Below, Inc with Other Specialty Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −23%
  • Revenue growth 5 points higher ▲ +29%
  • Free-cash-flow margin 1 point lower ▼ −8%
  • Last year's free-cash-flow margin change, if it persists ▲ +36%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $115$148$193$251$327$426
8.5% $93$117$149$191$245$315
10% $80$99$123$155$196$249

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$35.23$37.60$62.94$124.73$113.22$175.73$158.84$195.23$181.11$93.78$191.64$238.97
Market value$1.9bn$2.1bn$3.5bn$7.0bn$6.4bn$9.9bn$8.9bn$10.9bn$10.1bn$5.2bn$10.6bn$13.3bn
+ Net debt (− = net cash)−$53m−$76m−$113m−$252m−$202m−$269m−$65m−$332m−$180m−$332m−$724m−$561m
Enterprise value$1.9bn$2.0bn$3.4bn$6.8bn$6.2bn$9.6bn$8.9bn$10.6bn$9.9bn$4.8bn$9.9bn$12.7bn
Multiples
Price / sales 2.3x2.1x2.7x4.5x3.4x5.0x3.1x3.5x2.8x1.3x2.2x2.5x
Price / earnings 33.5x28.9x34.1x46.9x36.3x79.9x32.1x41.6x33.5x20.4x29.6x21.4x
Price / free cash flow 55.4x33.5x35.1x99.6x—59.4xn/m172.8x61.2x48.5x25.8x22.2x
EV / EBITDA 16.3x14.2x17.8x27.9x22.6x42.8x19.1x23.4x19.2x9.9x15.2x12.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

58 /100

Moderate moat

How hard Five Below's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Net income has been a median 7.4% of total assets over 10 years.

  • Pricing power 13 / 20

    Gross margin has been a median 35.7%, moving by 1.6 percentage points (standard deviation) across 10 years.

  • Durability 11 / 20

    Operating margin has been a median 11.3%; its worst year was 7.0%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 8 of 10 years, at a median 5.9% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 1.3% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (63 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: December 2, 2026, after the close. Analysts expect revenue of $1.2bn and EPS of $1.14 (range $1.10 to $1.24) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $10.25 +54% $5.7bn +20%
Next $11.06 +8% $6.2bn +9%

Next year's EPS estimate has moved +13.3% in 90 days, across 25 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +12.6% on 90 days ago. In the last 30 days, 23 analysts raised Five Below, Inc's forecast and 0 cut it.

Consensus EPS forecast Five Below, Inc, last 90 days
$9.00 $9.50 $10.00 $10.50 $11.00 $11.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $9.10 Current fiscal year, 60 days ago: $9.24 Current fiscal year, 30 days ago: $10.25 Current fiscal year, 7 days ago: $10.25 Current fiscal year, Now: $10.25 $10.25 Next fiscal year, 90 days ago: $9.76 Next fiscal year, 60 days ago: $9.97 Next fiscal year, 30 days ago: $11.06 Next fiscal year, 7 days ago: $11.06 Next fiscal year, Now: $11.06 $11.06

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $9.10$9.76
60 days ago $9.24$9.97
30 days ago $10.25$11.06
7 days ago $10.25$11.06
Now $10.25$11.06

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $1.41 $1.68 +19.3%
Apr 2026 $1.79 $2.22 +24.3%
Jan 2026 $4.00 $4.31 +7.6%
Oct 2025 $0.26 $0.68 +165.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 2, 2026
  • Net sales full year of Fiscal 2026 $5.63bn to $5.71bn Raised
    “Net sales $5.63 billion to $5.71 billion $5.40 billion to $5.48 billion” source
  • Net sales third quarter of Fiscal 2026 $1.21bn to $1.23bn
    “Net sales $1.21 billion to $1.23 billion” source
  • Diluted income per common share full year of Fiscal 2026 $12.10 to $12.58 Raised
    “Diluted income per common share $12.10 to $12.58 $8.62 to $9.02” source
  • Adjusted diluted income per common share full year of Fiscal 2026 $9.83 to $10.31 Non-GAAP Raised
    “Adjusted diluted income per common share (3) $9.83 to $10.31 $8.65 to $9.05” source
  • Diluted income per common share third quarter of Fiscal 2026 $1.01 to $1.13
    “Diluted income per common share $1.01 to $1.13” source
  • Net new stores full year of Fiscal 2026 about 150 Maintained
    “Net new stores approximately 150 approximately 150” source
Show 9 more items
  • Comparable sales full year of Fiscal 2026 10% growth to 12% growth Raised
    “Comparable sales +10% to +12% +6% to +8%” source
  • Net income full year of Fiscal 2026 $672m to $698m Raised
    “Net income $672 million to $698 million $480 million to $502 million” source
  • Adjusted net income full year of Fiscal 2026 $546m to $572m Non-GAAP Raised
    “Adjusted net income (3) $546 million to $572 million $482 million to $504 million” source
  • Diluted weighted average shares outstanding full year of Fiscal 2026 about 55.5m
    “Diluted weighted average shares outstanding 55.5 million 55.7 million” source
  • Gross capital expenditures full year of Fiscal 2026 $250m to $260m Raised
    “Gross capital expenditures $250 million to $260 million $230 million to $250 million” source
  • Net new stores third quarter of Fiscal 2026 about 40
    “Net new stores approximately 40” source
  • Comparable sales third quarter of Fiscal 2026 8% growth to 10% growth
    “Comparable sales +8% to +10%” source
  • Net income third quarter of Fiscal 2026 $56m to $63m
    “Net income $56 million to $63 million” source
  • Diluted weighted average shares outstanding third quarter of Fiscal 2026 about 55.4m
    “Diluted weighted average shares outstanding 55.4 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Five Below, Inc's revenue by +14.2% next year and +16.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+12.5%, weight 57%) , management guidance (+11.8%, weight 19%) and the company's own record (+20.0%, weight 25%) . How the weights are set.

Analyst recommendations

26 analysts, Oct 2026
Buy1765%
Hold935%
Sell00%

Monthly trend

  1. Oct 2026215926
  2. Sep 2026215825
  3. Aug 2026215825
  4. Jul 2026215825

Counts of recommendations published by analysts covering Five Below, Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.3%
of tradable shares
Days to cover
2.64
at average volume
Short interest, 1 month
+17%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.6%
of shares
Employees
7,800
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +51.9%

$157.27 on October 31, 2025 to $238.97

ThenNowEffect
Revenue (last 12 months) $4.2bn $5.3bn +25.6%
Net margin 6.5% 11.7% +80.6%
P/E multiple 31.8x 21.4x −32.6%
Share count 55m 56m −0.6%

Biggest factor: net margin.

Last 3 years +34.8%

$177.32 on November 3, 2023 to $238.97

ThenNowEffect
Revenue (last 12 months) $3.3bn $5.3bn +63.4%
Net margin 5.6% 11.7% +108.8%
P/E multiple 54.5x 21.4x −60.6%
Share count 56m 56m +0.4%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FIVE+18%−15%+21%−51%+80%+27%
Industry peers (median)+44%−35%+2%−20%−11%−21%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FIVE83%50%67%42%75%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FIVE−29%−46%−33%−70%−47%−29%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 76% from August 25, 2021 to April 8, 2025. Getting back needed a 324% gain, reached on April 17, 2026, 374 days after the low.

Price behaviour

52-week range
$147.05 – $262.72
From 52-week high
−9.0%
vs 50-day average
+2.8%
vs 200-day average
+9.6%
Volatility (1 year)
38%
Beta vs S&P 500
0.78

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±7.7%
After a week
7 up, 5 down
typical move ±7.8%
After a month
6 up, 6 down
typical move ±13.7%
Results releasedNext dayS&P 500 next day5 days21 days
September 2, 2026 −2.1% +1.5% −1.6% −9.7%
June 3, 2026 −12.8% −0.3% −11.1% −20.0%
March 18, 2026 +9.9% −1.6% +9.2% +10.4%
December 3, 2025 +6.0% +0.4% +11.5% +23.8%
August 27, 2025 +5.7% +0.6% +7.6% +9.0%
June 4, 2025 +4.8% −0.5% +2.3% +5.8%
March 19, 2025 +3.0% +0.8% +5.3% −8.7%
December 4, 2024 +12.4% +0.5% +6.1% −1.5%
August 28, 2024 −5.2% −0.6% −7.8% +12.2%
June 5, 2024 −13.9% +1.2% −15.4% −24.5%
March 20, 2024 −14.5% +1.3% −11.0% −27.3%
November 29, 2023 −1.6% +0.3% +5.2% +11.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Five Below, Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

FIVE Five Below, Inc Grade B+ $241

Sell the $220 put expiring December 18, 2026 (46 days) for $6.70 a share — $670 per contract.

Previous session · Bid $6.70, ask $8.90, quoted Mon 2 Nov, 17:23 New York time with FIVE at $241. Option prices move with the shares: check the live chain at your broker before trading.

  • If FIVE ends above $220: you keep the $670 — 3.0% on the $22,000 set aside, or 24.2% a year at that pace.
  • If it ends below $220: you buy 100 shares at an effective $213.3, 12% below today's price and 24% below our value of ~$280.
$670 $0 −$4.3k Break-even $213.3 Price $241 Our value $280
Profit or loss per contract at expiry, by share price.
Premium
$670
Annualised
24.2%
Break-even
$213.3
Max gain
$670
Chance of buying
~27%

Results are expected around December 5, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Five Below, Inc in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Five Below, Inc
$3B $3.5B $4B $4.5B $5B $5.5B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $3.3B Revenue (TTM), FY24 Q4: $3.6B Revenue (TTM), FY25 Q1: $3.6B Revenue (TTM), FY25 Q2: $3.7B Revenue (TTM), FY25 Q3: $3.8B Revenue (TTM), FY25 Q4: $3.9B Revenue (TTM), FY26 Q1: $4B Revenue (TTM), FY26 Q2: $4.2B Revenue (TTM), FY26 Q3: $4.4B Revenue (TTM), FY26 Q4: $4.8B Revenue (TTM), FY27 Q1: $5.1B Revenue (TTM), FY27 Q2: $5.3B $5.3B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $3.3B
FY24 Q4 $3.6B
FY25 Q1 $3.6B
FY25 Q2 $3.7B
FY25 Q3 $3.8B
FY25 Q4 $3.9B
FY26 Q1 $4B
FY26 Q2 $4.2B
FY26 Q3 $4.4B
FY26 Q4 $4.8B
FY27 Q1 $5.1B
FY27 Q2 $5.3B
Revenue growth, TTM YoY Five Below, Inc
0% 10% 20% 30% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 13.4% Revenue growth, TTM YoY, FY24 Q4: 15.7% Revenue growth, TTM YoY, FY25 Q1: 15.2% Revenue growth, TTM YoY, FY25 Q2: 14.2% Revenue growth, TTM YoY, FY25 Q3: 14.3% Revenue growth, TTM YoY, FY25 Q4: 8.9% Revenue growth, TTM YoY, FY26 Q1: 10.7% Revenue growth, TTM YoY, FY26 Q2: 13.9% Revenue growth, TTM YoY, FY26 Q3: 15.8% Revenue growth, TTM YoY, FY26 Q4: 22.9% Revenue growth, TTM YoY, FY27 Q1: 25.9% Revenue growth, TTM YoY, FY27 Q2: 25.6% 25.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 13.4%
FY24 Q4 15.7%
FY25 Q1 15.2%
FY25 Q2 14.2%
FY25 Q3 14.3%
FY25 Q4 8.9%
FY26 Q1 10.7%
FY26 Q2 13.9%
FY26 Q3 15.8%
FY26 Q4 22.9%
FY27 Q1 25.9%
FY27 Q2 25.6%
Operating margin (TTM) Five Below, Inc
5% 10% 15% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 6.7% Operating margin (TTM), FY24 Q4: 10.8% Operating margin (TTM), FY25 Q1: 10.4% Operating margin (TTM), FY25 Q2: 9.7% Operating margin (TTM), FY25 Q3: 9.0% Operating margin (TTM), FY25 Q4: 8.4% Operating margin (TTM), FY26 Q1: 8.4% Operating margin (TTM), FY26 Q2: 8.3% Operating margin (TTM), FY26 Q3: 8.9% Operating margin (TTM), FY26 Q4: 9.6% Operating margin (TTM), FY27 Q1: 11.0% Operating margin (TTM), FY27 Q2: 14.7% 14.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 6.7%
FY24 Q4 10.8%
FY25 Q1 10.4%
FY25 Q2 9.7%
FY25 Q3 9.0%
FY25 Q4 8.4%
FY26 Q1 8.4%
FY26 Q2 8.3%
FY26 Q3 8.9%
FY26 Q4 9.6%
FY27 Q1 11.0%
FY27 Q2 14.7%
FCF margin (TTM) Five Below, Inc
0% 5% 10% 15% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 4.2% FCF margin (TTM), FY24 Q4: 4.6% FCF margin (TTM), FY25 Q1: 1.7% FCF margin (TTM), FY25 Q2: 0.5% FCF margin (TTM), FY25 Q3: 2.6% FCF margin (TTM), FY25 Q4: 2.8% FCF margin (TTM), FY26 Q1: 6.6% FCF margin (TTM), FY26 Q2: 8.2% FCF margin (TTM), FY26 Q3: 7.3% FCF margin (TTM), FY26 Q4: 8.6% FCF margin (TTM), FY27 Q1: 9.9% FCF margin (TTM), FY27 Q2: 11.3% 11.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 4.2%
FY24 Q4 4.6%
FY25 Q1 1.7%
FY25 Q2 0.5%
FY25 Q3 2.6%
FY25 Q4 2.8%
FY26 Q1 6.6%
FY26 Q2 8.2%
FY26 Q3 7.3%
FY26 Q4 8.6%
FY27 Q1 9.9%
FY27 Q2 11.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Five Below took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $4.8B
  2. Cost of revenue $3B · 64.0%
  3. Gross profit $1.7B · 36.0%
  4. Selling, general and admin $1.1B · 22.4%
  5. Other operating costs $192M · 4.0%
  6. Operating income $457M · 9.6%
  7. Income tax $122M · 2.6%
  8. Net income $359M · 7.5%

Shares of revenue. Source: Five Below's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2011 Jan 2011 2012 Jan 2012 2013 Feb 2013 2014 Feb 2014 2015 Jan 2015 2016 Jan 2016 2017 Jan 2017 2018 Feb 2018 2019 Feb 2019 2020 Feb 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Feb 2024 2025 Feb 2025 2026 Jan 2026 LTM Aug 2026
Income
Revenue 197 297 419 535 680 832 1,000 1,278 1,560 1,847 1,962 2,848 3,076 3,559 3,877 4,764 5,314
Gross profit 66 105 150 188 238 292 357 463 565 674 652 1,030 1,095 1,274 1,353 1,715 2,139
EBITDA 17 33 47 67 94 115 141 191 242 272 224 465 451 516 491 650 984
Operating income 12 26 38 54 77 93 114 157 187 217 155 380 345 386 324 457 784
Net income 7 16 20 32 48 58 72 102 150 175 123 279 262 301 254 359 619
Diluted EPS −$0.08 $0.00 −$1.28 $0.59 $0.88 $1.05 $1.30 $1.84 $2.66 $3.12 $2.20 $4.95 $4.69 $5.41 $4.60 $6.47 $11.14
Growth (year on year)
Revenue — +50.7% +41.0% +27.8% +27.0% +22.3% +20.2% +27.8% +22.0% +18.4% +6.2% +45.2% +8.0% +15.7% +8.9% +22.9% +25.6%
EBITDA — +100.4% +41.9% +42.2% +40.2% +22.2% +22.1% +35.6% +27.0% +12.4% −17.7% +107.3% −3.0% +14.6% −4.9% +32.2% +84.8%
Operating income — +122.1% +43.6% +42.7% +43.3% +20.7% +22.6% +38.1% +18.9% +16.1% −28.8% +145.4% −9.2% +11.7% −16.0% +41.3% +124.3%
Net income — +128.9% +24.5% +60.5% +49.4% +20.1% +24.5% +42.6% +46.1% +17.0% −29.5% +126.0% −6.2% +15.1% −15.8% +41.4% +126.8%
Diluted EPS — — — — +49.2% +19.3% +23.8% +41.5% +44.6% +17.3% −29.5% +125.0% −5.3% +15.4% −15.0% +40.7% +125.4%
Margins
Gross margin 33.5% 35.3% 35.8% 35.1% 35.0% 35.1% 35.7% 36.3% 36.2% 36.5% 33.2% 36.2% 35.6% 35.8% 34.9% 36.0% 40.3%
EBITDA margin 8.4% 11.2% 11.3% 12.6% 13.9% 13.8% 14.1% 14.9% 15.5% 14.7% 11.4% 16.3% 14.6% 14.5% 12.7% 13.6% 18.5%
Operating margin 6.0% 8.8% 9.0% 10.0% 11.3% 11.2% 11.4% 12.3% 12.0% 11.8% 7.9% 13.3% 11.2% 10.8% 8.4% 9.6% 14.7%
Net margin 3.6% 5.4% 4.8% 6.0% 7.1% 6.9% 7.2% 8.0% 9.6% 9.5% 6.3% 9.8% 8.5% 8.5% 6.5% 7.5% 11.7%
Free-cash-flow margin 0.1% 9.5% 1.8% 1.0% 4.3% 4.2% 6.2% 7.8% 4.5% −1.4% 8.4% 1.4% 2.0% 4.6% 2.8% 8.6% 11.3%
Cash flow
Cash from operations 15 47 30 31 61 88 107 167 184 187 366 328 315 500 431 586 803
Capital spending 15 19 23 26 32 53 45 68 114 212 200 288 252 335 324 175 204
Free cash flow 0 28 7 5 29 35 62 100 70 −25 166 40 63 165 107 412 599
Stock-based pay 2 1 12 10 6 11 12 16 12 12 10 26 24 18 16 35 31
Free cash flow after stock pay −2 27 −5 −5 23 24 50 83 58 −38 156 14 39 147 91 377 568
Balance sheet
Cash 12 41 56 50 63 53 76 113 252 202 269 65 332 180 332 724 561
Total debt 0 — — — — — — — — — — — — — — — 0
Net debt (negative = net cash) −12 −41 −56 −50 −63 −53 −76 −113 −252 −202 −269 −65 −332 −180 −332 −724 −561
Diluted shares 10m 16m 35m 54m 55m 55m 55m 56m 56m 56m 56m 56m 56m 56m 55m 55m 56m
Returned to shareholders
Dividends 192 0 99 0 0 — — — — — — — — — — — —
Buybacks 0 0 0 0 0 0 0 0 2 37 13 60 40 81 40 0 —
Total returned 192 0 99 0 0 0 0 0 2 37 13 60 40 81 40 0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · August 1, 2026
What it owns · $5.3bn
Short-term assets $2.2bnLonger-term assets $3.0bn
What it owes, and who funded it · $5.3bn
Short-term liabilities $1.0bnLonger-term liabilities $1.8bnShareholders' equity $2.5bn
  • Short-term assets cover short-term liabilities $2.2bn of assets due within a year against $1.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.2bn short-term assets against $1.8bn of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Five Below, Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$0
Returned to shareholders
0%
of free cash flow
Buybacks, last 3 fiscal years
$121M
Diluted share count
+0.6%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
Sales & admin spending
21.7%
of revenue

Competitors: side by side with peers

Closest by revenue in other specialty retail
Last 12 months unless stated FIVE WOOF ASO BBWI SBH MNSO Median
Revenue, last 12 months $5.3bn $6.0bn $6.2bn $7.2bn $3.7bn $3.0bn $1.2bn
Revenue growth, last 12 months 25.6% −1.3% 3.7% −2.2% 1.1% 26.3% 4.0%
Revenue growth, 3-year average 17.8% −1.1% −0.1% −1.1% −0.4% — 2.6%
Revenue growth, latest quarter 22.9% 0.0% 3.0% −2.3% 0.2% — 2.3%
Gross margin 40.3% 38.8% 35.8% 44.1% 52.1% 45.0% 36.5%
Operating margin 14.7% 2.2% 9.6% 16.7% 8.4% 15.4% 2.2%
Operating margin, 3-year average 10.9% −5.5% 9.4% 17.1% 8.3% — 1.5%
Net margin 11.7% 0.5% 6.4% 10.8% 5.2% 5.6% 0.8%
Cash from operations / revenue 15.1% 6.3% 8.8% 17.7% 9.9% 12.0% 5.5%
Free-cash-flow margin 11.3% 4.0% 5.3% 14.3% 6.5% 6.4% 3.0%
Free-cash-flow margin, 3-year average 6.6% 1.5% 5.4% 11.4% 5.1% — 2.7%
Stock pay / revenue 0.6% 0.5% 0.4% 0.3% 0.6% 1.7% 0.6%
Change in share count 0.6% 3.7% −4.5% −5.5% −4.2% −1.1% 0.7%

Median of all 35 companies we cover in other specialty retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

35 other specialty retail companies
Measure Company Peer median Rank
Revenue growth Growth 25.6% 4.0% 5 of 35
Change in growth rate Growth -0.3pp -0.2pp 21 of 35
Gross margin Profitability 40.3% 36.5% 12 of 31
Operating margin Profitability 14.7% 2.2% 3 of 33
Net margin Profitability 11.7% 0.8% 2 of 35
Free-cash-flow margin Cash generation 11.3% 3.1% 3 of 34
Stock pay as % of revenue Cash generation 0.6% 0.7% 12 of 30
Change in share count Balance sheet 0.6% 0.6% 17 of 33

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$10B
Institutions reporting
607
Shares held vs prior quarter
▼ 0.1%
Positions opened / closed
87 / 108

Top buyers and sellers, Q2 2026: 283 institutions bought and 357 sold ; the biggest buyer was Wellington Management Group LLP (+638K shares) and the biggest seller D. E. Shaw & Co., Inc (−767K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $965M 5.4M 9.7% ▲ 7.1%
Vanguard Capital Management LLC $449M 2.5M 4.5% ▲ 0.9%
Vanguard Portfolio Management LLC $427M 2.4M 4.3% ▼ 0.9%
AQR Capital Management LLC $340M 1.9M 3.4% ▼ 0.2%
Wellington Management Group LLP $326M 1.8M 3.3% ▲ 54.4%
State Street Corp $310M 1.7M 3.1% ▲ 3.1%
Two Sigma Investments, LP $289M 1.6M 2.9% ▲ 12.0%
Marshall Wace, LLP $276M 1.5M 2.8% ▲ 15.3%
Federated Hermes, Inc. $239M 1.3M 2.4% ▼ 13.1%
Geode Capital Management, LLC $238M 1.3M 2.4% ▲ 2.6%
Invesco Ltd. $226M 1.3M 2.3% ▲ 24.4%
FMR LLC $207M 1.2M 2.1% ▲ 11.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Five Below, Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $93,312 1 trade by 1 insider, last 12 months Insider sales History → $23.8M 51 trades by 9 insiders · 6% under pre-set plans
Net ▼ $23.7M net selling
Insider Date Trade Shares Price Value
Specter Eric M CAO September 14, 2026 Sell 5,500 $248.99 $1.4M
Hawkins Jacob Kimball CMOO September 10, 2026 Sell 818 $248.88 $203,584
Gellerman Maureen Marie CHRO September 9, 2026 Sell 1,610 $248.94 $400,793
Devine Michael F Iii Director September 4, 2026 Sell 3,400 $250.44 $851,496
Devine Michael F Iii Director September 4, 2026 Sell 850 $251.28 $213,588
Bull Kenneth R COO September 4, 2026 Sell 183 $243.93 $44,639
Bull Kenneth R COO September 4, 2026 Sell 1,564 $242.91 $379,911
Bull Kenneth R COO September 4, 2026 Sell 1,130 $242.01 $273,471
Bull Kenneth R COO September 4, 2026 Sell 1,500 $240.73 $361,095
Bull Kenneth R COO September 4, 2026 Sell 2,585 $255.17 $659,614
Bull Kenneth R COO September 4, 2026 Sell 1,192 $253.96 $302,720
Bull Kenneth R COO September 4, 2026 Sell 143 $252.90 $36,165

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 22 trades and filings

No trades in Five Below, Inc disclosed in the last 12 months; 22 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 31, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around December 5, 2026 estimated from the company's past filing pattern, not announced

  • September 2, 2026
  • June 3, 2026
  • March 18, 2026
  • December 3, 2025
  • August 27, 2025
  • June 4, 2025

Recent SEC filings

Data status

When each part of this page on Five Below, Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Five Below, Inc in brief

What does Five Below, Inc do?
Five Below, Inc is a US-listed company in the other specialty retail industry. Its financial year ends in January.
What is Five Below, Inc's stock ticker?
Five Below, Inc trades under the ticker FIVE on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Five Below, Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Five Below, Inc reported revenue of $5.3B, 25.6% higher than a year earlier, according to its SEC filings.
What is Five Below, Inc's free cash flow?
Five Below, Inc's free-cash-flow margin is 11.3% of revenue over the trailing twelve months, ranking 3 of the 34 other specialty retail companies we cover.
What is Five Below, Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Five Below, Inc's free cash flow after stock-based pay gives ~$280 per share in the base case, and ~$220–$360 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Five Below, Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Five Below, Inc buying back stock, and does it pay a dividend?
Five Below, Inc spent $0 on share repurchases over the trailing twelve months, and its diluted share count still rose 0.6% over the year.
What is Five Below, Inc's market cap?
On November 2, 2026, Five Below, Inc's market capitalisation was about $13.3B, with a price-to-earnings ratio of 21.4 and net debt of -$561M. Market figures come from third-party market data and may be delayed.
Who are Five Below, Inc's competitors?
In our Other Specialty Retail peer group, the companies closest to Five Below, Inc are Petco Health & Wellness Company, Inc., Academy Sports & Outdoors, Inc., Bath & Body Works, Inc., Sally Beauty Holdings, Inc. and Miniso Group Holding Ltd. The side-by-side comparison below sets their revenue, margins and growth against Five Below, Inc's.
Are insiders buying or selling Five Below, Inc stock?
Over the last 12 months, Five Below, Inc's directors and officers reported 1 open-market purchases and 51 sales on Form 4. The insider trading page charts every trade.
When is Five Below, Inc's next earnings date?
Around December 2, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Five Below, Inc announces its own schedule.