FIVE on Nasdaq

Five Below

Logo: Five Below, Public domain, via Wikimedia Commons5

American specialty discount gift shop chain

Five Below, Inc. (stylized as fiVe BEL°W) is an American chain of specialty discount gift shops that prices most of its products at up to $5, plus a smaller assortment of products priced up to $40.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

$4.8BRevenue, fiscal 20266
$358.6MNet income, fiscal 20266
2002Founded1

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  • TickerFIVE on Nasdaq1
  • Industrydiscount store1
  • HeadquartersPhiladelphia1
  • Founded inWayne1
  • Websitewww.fivebelow.com
  • Incorporated inPA7
  • Business address701 Market Street, Suite 300, Philadelphia, Pa 191067
  • Filer categoryLarge accelerated filer7
  • Legal formCorporation4
  • LEI529900AAXP5Z6BGI74184
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressSuite 2000, 1818 Below Market Street, 19103 Philadelphia, United States4
  • Registered withPennsylvania Department of State, 30501264

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Five below inside
Photo: TenPoundHammer, CC BY-SA 3.0, via Wikimedia Commons9

Five Below, Inc. (stylized as fiVe BEL°W) is an American chain of specialty discount gift shops that prices most of its products at up to $5, plus a smaller assortment of products priced up to $40. Founded in 2002 by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens. By 2014, there were more than 1,850 stores located across the United States.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

9.6%Operating margin6
7.5%Net margin6
22.9%Revenue growth, 20266
16.4%Return on equity6
$411.7MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue64¢$3.0B
  • Selling, general and admin22¢$1.1B
  • Other costs4¢$169.2M
  • Income tax3¢$121.7M
  • Profit8¢$358.6M

Out of $4.8B in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Capital spending30¢$174.7M
  • Kept or used elsewhere70¢$411.7M

Out of $586.4M of cash from operations.6

Financial statements

Revenue10111213146$4.8B in 2026+205% since 2019
0$2.0B$4.0B$6.0B2019: $1.6B$1.6B20192020: $1.8B$1.8B2020+18%2021: $2.0B$2.0B2021+6%2022: $2.8B$2.8B2022+45%2023: $3.1B$3.1B2023+8%2024: $3.6B$3.6B2024+16%2025: $3.9B$3.9B2025+9%2026: $4.8B$4.8B2026+23%
Gross profit101112$1.1B in 2023+94% since 2019
0$500.0M$1.0B$1.5B2019: $565.1M$565.1M20192020: $674.0M$674.0M2020+19%2021: $652.3M$652.3M2021−3%2022: $1.0B$1.0B2022+58%2023: $1.1B$1.1B2023+6%
Operating income10111213146$457.4M in 2026+144% since 2019
0$200.0M$400.0M$600.0M2019: $187.2M$187.2M20192020: $217.3M$217.3M2020+16%2021: $154.8M$154.8M2021−29%2022: $379.9M$379.9M2022+145%2023: $345.0M$345.0M2023−9%2024: $385.6M$385.6M2024+12%2025: $323.8M$323.8M2025−16%2026: $457.4M$457.4M2026+41%
Net income10111213146$358.6M in 2026+140% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $149.6M$149.6M20192020: $175.1M$175.1M2020+17%2021: $123.4M$123.4M2021−30%2022: $278.8M$278.8M2022+126%2023: $261.5M$261.5M2023−6%2024: $301.1M$301.1M2024+15%2025: $253.6M$253.6M2025−16%2026: $358.6M$358.6M2026+41%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2026-01-312025-01-312024-01-31
Net sales$4.8B$3.9B$3.6B
Cost of goods sold (exclusive of items shown separately below)$3.0B$2.5B$2.3B
Selling, general and administrative expenses$1.1B$861.4M$757.5M
Depreciation and amortization$192.1M$167.4M$130.7M
Operating income$457.4M$323.8M$385.6M
Interest income and other income, net-$23.0M-$14.8M-$15.5M
Income before income taxes$480.4M$338.7M$401.1M
Income tax expense$121.7M$85.1M$100.0M
Net income$358.6M$253.6M$301.1M
Basic income per common share (dollars per share)$6.51$4.61$5.43
Diluted income per common share (dollars per share)$6.47$4.60$5.41
Basic shares55.1M shares55.1M shares55.5M shares
Diluted shares55.4M shares55.2M shares55.6M shares

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The story

David Schlessinger, founder of Encore Books and Zany Brainy, and Tom Vellios, former CEO of Zany Brainy, founded Five Below on October 4, 2002 in Wayne, Pennsylvania.

On March 18, 2020, Five Below announced the temporary closure of all of its stores due to the COVID-19 outbreak. However, by June 6, 2020, 100% of Five Below stores across the United States reopened with plans for new stores to open up. This may account for an increase in foot traffic in 2022-2023, as reported by Unacast, a company that provides location insights. According to Unacast, Five Below experienced "a remarkable 63% year-over-year increase in foot traffic" between Q2 2022 to Q2 2023.

Growth and expansion

To date, Five Below operates over 2,000 locations in 47 states.. It began its outward expansion away from the Philadelphia Metro area by entering additional out-of-state markets: Illinois and Michigan in 2011; Georgia, Kansas, Missouri, and Western Michigan in 2012; Texas in 2013; Tennessee in 2014; Alabama, Florida, and Kentucky in 2015; Louisiana, Minnesota, Oklahoma, West Virginia, and Wisconsin in 2016; California in 2017; and Arkansas in 2018. Five Below in 2019 publicly stated that they could build as many as 2,500 U.S. stores in the future. Arizona, Iowa, and Nebraska were introduced that year. Colorado and Nevada were added in 2020; New Mexico and Utah in 2021. Both Dakotas had opened new stores in 2022. Vermont joined in the next year. Wyoming was added in 2024. 2025 saw the first stores in Oregon & Washington open. Idaho, in August 2026, saw their first store open in Lewiston, leaving Montana, the remaining continental state, to open later.

In September 2014, the company announced a new lease agreement to move its New Castle, Delaware, distribution center to Oldmans Township, New Jersey. The new center would add 275 jobs to the local economy while Delaware would lose 175.

On July 19, 2012, Five Below went public on the NASDAQ at the share price of $17. In 2014, Joel Anderson was appointed CEO. 2016 sales were $1 billion, 2017 sales were $1.3 billion, and 2022 sales reached $3.08 billion.

In 2018, Five Below moved its corporate headquarters, now called WowTown, to the Lit Brothers Building in the Market East section of Philadelphia, and has rights to more than 200,000 square feet. WowTown has over 300 employees.

On July 16, 2024, Five Below announced Joel Anderson had resigned from his roles as president and CEO to pursue other interests.

Following his departure, Five Below's shares fell by 25%. On the same day Petco named him as their new CEO.

Read the full text

In July 2024, Chief Operating Officer, Kenneth Bull, was appointed interim president and CEO of Five Below before being replaced by former Forever 21 CEO, Winnie Park, in December 2024. Park is a Princeton University graduate with an MBA from Northwestern University. Prior to joining Five Below, she had been the CEO of Forever 21 since January 2022. She also served as the CEO of Paper Source.

From Wikipedia’s article on Five Below, shared under CC BY-SA 4.0.8

Leadership

Who has led Five Below, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Thomas Vellios2012–2014
  2. Joel D. Anderson2015–2024
  3. Kenneth R. Bull2024
  4. Winifred Park2024–now

Chair

  1. David Schlessinger2012–2014
  2. Thomas Vellios2016–now

President

  1. Thomas Vellios2012–2014
  2. Joel D. Anderson2014–2024
  3. Kenneth R. Bull2024
  4. Winifred Park2024–now

Chief financial officer

  1. Kenneth R. Bull2012–2023
  2. Kristy Chipman2023–2025

Chief operating officer

  1. Joel D. Anderson2014–2015
  2. Kenneth R. Bull2024–now
20052010201520202025
Board members and other officers (31)

Products and brands

The average Five Below store size is 8,000 square feet (740 m2). The store carries a wide variety of merchandise at varying low costs.

From Wikipedia’s article on Five Below, shared under CC BY-SA 4.0.8

Former names

  • FIVE BELOW INCMar 3, 2003 to Jul 11, 20087
  • CHEAP HOLDINGS INCJun 24, 2002 to Jun 24, 20027

Timeline

  1. Dec 18, 2024New chief executive Winifred Park becomes CEO20
  2. Aug 2, 2024New chief executive Kenneth R. Bull becomes CEO19
  3. Mar 12, 2015New chief executive Joel D. Anderson becomes CEO21
  4. Jul 18, 2012New chief executive Thomas Vellios becomes CEO22
  5. 2002Founded Founded in Wayne1

Filings

509 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 46 major events, 372 insider forms, 25 large holders, 46 other. The latest 20:

  1. Oct 14, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  2. Oct 14, 20268-K EDGAR
  3. Oct 8, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  4. Oct 8, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  5. Sep 25, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  6. Sep 25, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  7. Sep 25, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  8. Sep 25, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  9. Sep 25, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  10. Sep 23, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  11. Sep 23, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  12. Sep 23, 20268-K EDGAR
  13. Sep 16, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. Sep 14, 2026144 EDGAR
  15. Sep 14, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  16. Sep 14, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  17. Sep 11, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  18. Sep 10, 2026144 EDGAR
  19. Sep 9, 2026144 EDGAR
  20. Sep 9, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR

The 509 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

48 open-market trades by officers, directors and large owners since October 2021: 2 buys and 46 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 14, 2026SPECTER ERIC MCAOSale5,500$248.99$1.4MForm 4
Sep 10, 2026Hawkins Jacob KimballCMOOSale818$248.88$203.6KForm 4
Sep 9, 2026Gellerman Maureen MarieCHROSale1,610$248.94$400.8KForm 4
Sep 4, 2026BULL KENNETH RCOOSale10,510$248.06$2.6MForm 4
Sep 4, 2026DEVINE MICHAEL F IIIDirectorSale4,250$250.61$1.1MForm 4
Jun 29, 2026Lynch RobertDirectorBuy530$176.06$93.3KForm 4
Mar 26, 2026MARKEE RICHARD LDirectorSale3,000$232.04$696.1KForm 4
Mar 24, 2026SARGENT RONALDDirectorSale10,000$231.75$2.3MForm 4
Mar 23, 2026SARGENT RONALDDirectorSale10,000$231.28$2.3MForm 4
Mar 20, 2026BULL KENNETH RCOOSale10,000$234.14$2.3MForm 4
Jan 15, 2026BULL KENNETH RCOOSale1,925$202.29$389.4KForm 4
Jan 13, 2026BULL KENNETH RCOOSale5,100$203.21$1.0MForm 4
Jan 13, 2026SPECTER ERIC MCAOSale8,500$201.16$1.7MForm 4
Dec 15, 2025BARCLAY KATHLEEN SDirectorSale2,200$182.03$400.5KForm 4
Dec 12, 2025Hill GeorgeChief Retail OfficerSale7,500$182.09$1.4MForm 4
Dec 11, 2025DEVINE MICHAEL F IIIDirectorSale6,000$181.84$1.1MForm 4
Dec 5, 2025Gellerman Maureen MarieCHROSale544$174.38$94.9KForm 4
Dec 5, 2025BULL KENNETH RCOOSale25,000$174.75$4.4MForm 4
Aug 29, 2025Masciantonio Ronald JamesEVP, General CounselSale818$146.41$119.8KForm 4
Aug 28, 2025Hill GeorgeChief Retail OfficerSale1,500$150.23$225.3KForm 4

All 48 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,366,632$964.9M0.0%+354,591
Vanguard Capital Management LLC2,495,633$448.7M0.0%+21,554
Vanguard Portfolio Management LLC2,376,398$427.3M0.0%−22,271
Aqr Capital Management LLC1,923,492$340.0M0.1%−3,104
Wellington Management Group Llp1,811,650$325.7M0.1%+638,049
State Street Corp1,724,229$310.0M0.0%+51,104
Two Sigma Investments, LP1,605,648$288.7M0.2%+171,403
Marshall Wace, Llp1,537,377$276.4M0.2%+203,460
Federated Hermes, Inc.1,329,016$238.9M0.3%−200,536
Geode Capital Management, LLC1,322,283$238.4M0.0%+33,442
Invesco Ltd.1,255,908$225.8M0.0%+246,337
Fmr LLC1,153,792$207.4M0.0%+115,180
American Century Companies Inc1,139,293$204.8M0.1%−678,024
SRS Investment Management, LLC1,105,109$198.7M1.9%+382,283
Qube Research & Technologies Ltd1,049,010$188.6M0.2%−21,440
Dimensional Fund Advisors LP913,892$164.3M0.0%+65,442
Balyasny Asset Management L.P.753,263$135.4M0.3%−94,802
Norges Bank710,784$127.8M0.0%New
D. E. Shaw & Co., Inc.638,465$114.8M0.1%−767,345
Charles Schwab Investment Management Inc636,972$114.5M0.0%−31,352
Capital World Investors624,334$112.2M0.0%−624,320
Giverny Capital Inc.598,122$107.5M3.6%−19,069
Stephens Investment Management Group LLC576,176$103.6M1.1%+105
Millennium Management LLC560,618$100.8M0.1%−172,459
UBS Group AG551,979$99.2M0.0%−328,268

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

14 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Oct 31, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000−28.8%Report
Oct 30, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000+28.8%Report
Oct 30, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000−28.8%Report
Jun 11, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000+50.2%Report
Feb 28, 2023Josh GottheimerDemocratic, HouseSale$1,001 - $15,000+85.5%Report
Aug 30, 2022Dan SullivanRepublican, SenateSale$1,001 - $15,000+21.5%Report
Jul 1, 2021Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+65.7%Report
Nov 13, 2020Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+62.7%Report
Nov 11, 2020Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+62.0%Report
Jul 28, 2020Greg Gianforte, HouseBuy$100,001 - $250,000−38.3%Report
Jun 30, 2020Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+41.5%Report
Jan 17, 2020Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−40.1%Report
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000+84.1%Report
Apr 3, 2019Donna Shalala, HouseBuy$1,001 - $15,000−87.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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