Five Below, Inc.

FIVE

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

1/31/2025

Revenue

3,877

Cost of Revenue

2,524

Gross Profit

1,353

Gross Margin

34.9%

Operating Income

324

Operating Margin

8.4%

Net Income

254

Net Margin

6.5%

EPS (Basic)

$4.61

EPS (Diluted)

$4.60

EBITDA

491

EBITDA Margin

12.7%

2024

1/31/2024

Revenue

3,559

Cost of Revenue

2,286

Gross Profit

1,274

Gross Margin

35.8%

Operating Income

386

Operating Margin

10.8%

Net Income

301

Net Margin

8.5%

EPS (Basic)

$5.43

EPS (Diluted)

$5.41

EBITDA

516

EBITDA Margin

14.5%

2023

1/31/2023

Revenue

3,076

Cost of Revenue

1,981

Gross Profit

1,095

Gross Margin

35.6%

Operating Income

345

Operating Margin

11.2%

Net Income

262

Net Margin

8.5%

EPS (Basic)

$4.71

EPS (Diluted)

$4.69

EBITDA

451

EBITDA Margin

14.6%

2022

1/31/2022

Revenue

2,848

Cost of Revenue

1,818

Gross Profit

1,030

Gross Margin

36.2%

Operating Income

380

Operating Margin

13.3%

Net Income

279

Net Margin

9.8%

EPS (Basic)

$4.98

EPS (Diluted)

$4.95

EBITDA

465

EBITDA Margin

16.3%

2021

1/31/2021

Revenue

1,962

Cost of Revenue

1,310

Gross Profit

652

Gross Margin

33.2%

Operating Income

155

Operating Margin

7.9%

Net Income

123

Net Margin

6.3%

EPS (Basic)

$2.21

EPS (Diluted)

$2.20

EBITDA

224

EBITDA Margin

11.4%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2024	2023	2022	2021
Revenue	3,877	3,559	3,076	2,848	1,962
Cost of Revenue	2,524	2,286	1,981	1,818	1,310
Gross Profit	1,353	1,274	1,095	1,030	652
Gross Margin	34.9%	35.8%	35.6%	36.2%	33.2%
Operating Income	324	386	345	380	155
Operating Margin	8.4%	10.8%	11.2%	13.3%	7.9%
Net Income	254	301	262	279	123
Net Margin	6.5%	8.5%	8.5%	9.8%	6.3%
EPS (Basic)	$4.61	$5.43	$4.71	$4.98	$2.21
EPS (Diluted)	$4.60	$5.41	$4.69	$4.95	$2.20
EBITDA	491	516	451	465	224
EBITDA Margin	12.7%	14.5%	14.6%	16.3%	11.4%