Five Below (FIVE) financial statements
Five Below reported revenue of $4.8B in fiscal 2026, up 18.9% a year over 9 years.
Net income was $359M and the operating margin 9.6%, against 11.4% in 2017.
Free cash flow was $412M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Five Below's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B | $1.3B | $1.6B | $1.8B | $2.0B | $2.8B | $3.1B | $3.6B | $3.9B | $4.8B |
| Cost of revenue | $643M | $815M | $994M | $1.2B | $1.3B | $1.8B | $2.0B | $2.3B | $2.5B | $3.0B |
| Gross profit | $357M | $463M | $565M | $674M | $652M | $1.0B | $1.1B | $1.3B | $1.4B | $1.7B |
| Selling, general and admin | $243M | $306M | $378M | $457M | $498M | $566M | $645M | $758M | $861M | $1.1B |
| Operating income | $114M | $157M | $187M | $217M | $155M | $380M | $345M | $386M | $324M | $457M |
| Pre-tax income | $114M | $159M | $192M | $222M | $153M | $367M | $348M | $401M | $339M | $480M |
| Income tax | $42M | $56M | $42M | $47M | $30M | $88M | $86M | $100M | $85M | $122M |
| Net income | $72M | $102M | $150M | $175M | $123M | $279M | $262M | $301M | $254M | $359M |
| EPS (diluted) | $1.30 | $1.84 | $2.66 | $3.12 | $2.20 | $4.95 | $4.69 | $5.41 | $4.60 | $6.47 |
| Diluted shares | 55M | 56M | 56M | 56M | 56M | 56M | 56M | 56M | 55M | 55M |
| Gross margin | 35.7% | 36.3% | 36.2% | 36.5% | 33.2% | 36.2% | 35.6% | 35.8% | 34.9% | 36.0% |
| Operating margin | 11.4% | 12.3% | 12.0% | 11.8% | 7.9% | 13.3% | 11.2% | 10.8% | 8.4% | 9.6% |
| Net margin | 7.2% | 8.0% | 9.6% | 9.5% | 6.3% | 9.8% | 8.5% | 8.5% | 6.5% | 7.5% |
Balance sheet
Fiscal years, from Five Below's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $154M | $245M | $337M | $262M | $410M | $342M | $399M | $460M | $529M | $932M |
| Inventory | $154M | $187M | $244M | $324M | $281M | $455M | $528M | $585M | $660M | $847M |
| Total current assets | $340M | $479M | $642M | $666M | $755M | $905M | $1.1B | $1.2B | $1.4B | $1.9B |
| Property, plant and equipment | $138M | $180M | $301M | $439M | $565M | $777M | $926M | $1.1B | $1.3B | $1.2B |
| Total assets | $501M | $696M | $952M | $2.0B | $2.3B | $2.9B | $3.3B | $3.9B | $4.3B | $4.9B |
| Total current liabilities | $117M | $164M | $253M | $351M | $436M | $587M | $603M | $716M | $756M | $954M |
| Total liabilities | $169M | $237M | $337M | $1.2B | $1.4B | $1.8B | $2.0B | $2.3B | $2.5B | $2.7B |
| Shareholders' equity | $331M | $459M | $615M | $760M | $882M | $1.1B | $1.4B | $1.6B | $1.8B | $2.2B |
| Net debt | -$76M | -$113M | -$252M | -$202M | -$269M | -$65M | -$332M | -$180M | -$332M | -$724M |
Cash flow
Fiscal years, from Five Below's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $107M | $167M | $184M | $187M | $366M | $328M | $315M | $500M | $431M | $586M |
| Capital spending | $45M | $68M | $114M | $212M | $200M | $288M | $252M | $335M | $324M | $175M |
| Free cash flow | $62M | $100M | $70M | -$25M | $166M | $40M | $63M | $165M | $107M | $412M |
| Stock-based compensation | $12M | $16M | $12M | $12M | $10M | $26M | $24M | $18M | $16M | $35M |
| Share buybacks (net) | $0 | $0 | -$2M | -$37M | -$13M | -$60M | -$40M | -$81M | -$40M | $0 |
| Free cash flow margin | 6.2% | 7.8% | 4.5% | -1.4% | 8.4% | 1.4% | 2.0% | 4.6% | 2.8% | 8.6% |
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Open FIVE in InvestinglyQuestions
What was Five Below's revenue in 2026?
$4.8B in fiscal 2026, from its 10-K filing.
How much free cash flow does Five Below generate?
$412M in fiscal 2026 (operating cash flow minus capital spending).
From Five Below's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.