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Five Below FIVE Operating Lease Liabilities

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Other financials

Income statement

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Revenue$1.3B+32.5%
Gross profit$478.6M+47.8%
Operating income$154.2M+203%
Net income$123.1M+199%
EPS (diluted)$2.21+195%

Balance sheet

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Cash & equivalents$638.9M+49.5%
Total debt$2.0B+1.2%
Total equity$2.3B+24.5%
Total assets$5.1B+13.5%

Cash flow

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Operating cash flow$227.2M+71.3%
CapEx$37.2M+2.7%
Free cash flow$190.0M+97.0%

Valuation

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Market cap$12.78B+71.3%
Enterprise value$14.14B+58.6%
P/E29×+1.7×
P/S2.5×+0.8×

Profitability

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Gross margin36.8%+1.8pp
Operating margin11%+2.7pp
Net margin8.7%+2.1pp
FCF margin8.2%+7.7pp

Returns & leverage

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Return on equity21.1%+5.8pp
Debt / equity0.9×-0.2×
Current ratio2.1×+0.4×

Where this comes from

Reported directly by Five Below in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLiabilityNoncurrent.

The source filing: Five Below’s 10-Q, filed June 4, 2026.

Filed
Jun 4, 2026, 3:52 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001177609-26-000020
Line itemMay 2, 2026January 31, 2026May 3, 2025
Operating lease liabilities300,545301,148304,950
Total current liabilities982,711954,006861,749
Other long-term liabilities10,8908,6678,049
Long-term operating lease liabilities1,698,1641,731,0411,670,168
Deferred income taxes50,76750,01554,774
Total liabilities2,742,5322,743,7292,594,740
Commitments and contingencies (note 6)
Shareholders’ equity:

Item 1. Consolidated Financial Statements (unaudited)

FAQ

What is Five Below's operating lease liabilities?
Five Below (FIVE) reported operating lease liabilities of $1.7B in Q1 2026.
How has Five Below's operating lease liabilities changed year-over-year?
Five Below's operating lease liabilities increased by 1.7% year-over-year, from $1.67B to $1.7B.
What is the long-term trend for Five Below's operating lease liabilities?
Over 5 years (2020 to 2025), Five Below's operating lease liabilities has grown at a 12.3% compound annual growth rate (CAGR), from $967.26M to $1.73B.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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