Five Below pay schedule & payday calendar

Five Below pays employees weekly on Friday — that's 52 paychecks per calendar year.

How Five Below pays its people

Five Below runs a weekly payroll cycle, which means employees receive 52 paychecks per calendar year. The standard payday lands on Friday, with the corresponding pay period closing on Saturday. Wages are disbursed via direct deposit or pay card, the default at virtually every Fortune 500-scale employer.

Hourly store associates are paid weekly. Salaried corporate staff and store management typically move to a biweekly schedule. This cadence is consistent with the broader Retail sector, where brick-and-mortar and e-commerce retailers generally follow predictable payday patterns dictated by labor agreements, accounting close cycles, and the operational rhythm of the business. For a side-by-side comparison with same-cadence peers, see Retail companies that pay weekly.

What new hires should expect on the first paycheck

Candidates moving into Five Below from a different industry should expect the first paycheck to be partial. Most large employers pay one full pay period in arrears, so a hire whose first day is mid-period will receive prorated wages on the first scheduled payday and a full check on the next cycle. Direct deposit setup is typically completed during onboarding paperwork, and a paper check or pay card is issued as the fallback for the first one or two pay periods while bank routing details are validated.

Workers transitioning from a weekly schedule to a longer cycle (biweekly or semimonthly) often need to budget for the gap. Conversely, hires moving from monthly into a weekly cycle frequently report a perceived "raise" in lifestyle simply because cash is available more often, even though the gross compensation is unchanged. Use the pay schedule calculator to model the per-check size at different frequencies before you accept an offer.

How Five Below's schedule compares to peers

Among the catalogued retail employers in PayPeriod Hub, the Weekly cadence is the dominant pattern. Industries that lean on hourly labor with variable schedules — retail, hospitality, restaurants, construction, and logistics — almost universally adopt weekly payroll. Industries dominated by salaried professional staff — banking, insurance, technology, utilities, consulting — overwhelmingly use semimonthly or biweekly cycles to align payroll with monthly accounting closes.

Side-by-side: largest Retail employers

State labor-law context

Five Below is headquartered in Pennsylvania, but pay frequency is generally governed by the state where the employee physically works, not where the employer is incorporated. Many U.S. states impose minimum payday cadences — for example, requiring that non-exempt employees be paid at least semimonthly. The U.S. Department of Labor's state-by-state payday-requirements table is the canonical reference. Multi-state employers like Five Below typically adopt the most generous cadence company-wide rather than juggling jurisdiction-by-jurisdiction schedules.

See related employers in the Pennsylvania directory or Pennsylvania employers that also pay weekly for a regional view of payroll practices.

Frequently asked questions about Five Below's pay schedule

Reporting note & corrections

Pay frequency information for Five Below is compiled from public-facing sources including the company's recruiting materials, employee handbooks excerpted in regulatory filings, public Q&A on Glassdoor and Indeed, payrollschedule.net, and trade-press coverage. Individual divisions, business units, union-represented employees, international locations, and acquired subsidiaries may follow different schedules. If you have direct knowledge of a discrepancy, please submit a correction.