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Valentine's Day falls on February 14 every year, a fixed date tied to the feast day of Saint Valentine rather than any lunar or seasonal calculation. That fixed timing makes it one of the easiest shopping occasions for retailers and shoppers alike to plan around, since there is no year to year date shift to track. In 2026 that means the same familiar window: a single day, always in the depths of winter, when candy, flowers, jewelry, and cards briefly become some of the most searched product categories in the country.
What began centuries ago as a religious feast day tied to at least one martyred Roman priest has become, in the modern United States, a major consumer spending event. The National Retail Federation has tracked it closely for years, and its annual survey with Prosper Insights and Analytics is the most cited source for how much Americans actually plan to spend and on what. That data shows a holiday that has grown steadily larger, more diverse in who it reaches, and more digital in how people shop it.
This piece walks through what the numbers actually say: the multi year spending trend, what people buy and how that mix is shifting, how different generations approach the day differently, when shoppers actually start buying, and how the holiday looks outside the most commonly cited US figures. The goal is to give a shopper or a curious reader real context for why this single day in February moves tens of billions of dollars.
Total spending and how it has trended
NRF survey data shows Valentine's Day spending climbing in most recent years, with 2026 setting a new record. The table below shows the total planned spending and the average amount budgeted per shopper for each of the last five years tracked by NRF.
| Year | Total US spending | Average spend per shopper |
|---|---|---|
| 2022 | $23.9 billion | Approximately $175 |
| 2023 | $25.9 billion | Approximately $192 |
| 2024 | $25.8 billion | Approximately $186 |
| 2025 | $27.5 billion | Approximately $189 |
| 2026 | $29.1 billion (record) | $199.78 (record) |
The 2026 figure represents roughly a 6 percent jump over the prior year and pushed the average per person budget above $199, a level that beats the previous per person record of $196.31 set back in 2020. NRF has pointed to middle and high income households as the main driver of the increase in recent years. Rather than spending more per gift, many of these households are simply expanding who gets a gift, adding friends, coworkers, and pets to a list that once centered almost entirely on a romantic partner.
What people actually buy
Jewelry has topped the spending charts for roughly a decade running, even though it is far from the most commonly purchased category. That is because jewelry purchases, when they happen, tend to carry a much higher price tag than a card or a box of candy. Candy remains the single most widely purchased item, bought by the large majority of people celebrating the day in some form.
| Category | Typical role in spending |
|---|---|
| Candy | Highest purchase incidence, bought by most celebrants |
| Greeting cards | Widely purchased, low individual cost |
| Flowers | Strong seasonal spike, especially cut flowers |
| Jewelry | Smaller share of buyers but the largest total dollar category |
| An evening out | Dining and entertainment spending |
| Clothing and gift cards | Growing categories as gift lists expand |
One of the more notable shifts in recent years is the rise of pet gifting. NRF reported that a record 35 percent of people celebrating Valentine's Day in 2026 planned to buy something for a pet, pushing pet related spending to about $2.1 billion, up from $1.7 billion the year before. A decade ago, fewer than one in five celebrants bought their pet a gift at all. Consumers are now more likely to buy their pet a Valentine's gift than to buy one for a friend or a coworker, a sign of how far the definition of who counts as a loved one has stretched.
Generational and demographic differences
Different consumer research firms report slightly different numbers depending on their survey methodology, but they generally agree on the broad shape of generational participation. Numerator found that 66 percent of Gen Z consumers planned to celebrate Valentine's Day in 2026, the highest share of any generation measured. Millennials also report strong participation and, in several surveys, the highest average per person spending among adults in relationships.
Baby boomers consistently report both the lowest participation and the lowest average budgets. Some surveys put boomer average spending as low as $71 for the holiday, far below the $150 to $235 range reported for Gen Z and millennial shoppers depending on the survey. Boomers are, however, more likely than younger generations to decorate their homes for the occasion, suggesting their celebration leans more toward tradition and less toward gift purchases.
Younger shoppers are also expanding the occasion itself. Galentine's Day, a celebration of friendship rather than romance held around the same time, is most popular with Gen Z, with more than a quarter of that generation planning to mark it in 2026. That is part of a broader pattern of younger consumers treating Valentine's Day as an occasion for platonic and even self directed gifting, not just romantic gifting.
When shoppers start buying
NRF survey data indicates that roughly three quarters of people who celebrate Valentine's Day begin planning by the first week of February at the latest. That gives retailers and shoppers alike a fairly predictable two week window of peak activity leading into the 14th. It is a shorter runway than bigger gifting seasons like the winter holidays, but longer than some other single day occasions later in the year.
Because the date never moves, shopping patterns around Valentine's Day are also unusually consistent from year to year compared to occasions tied to a shifting calendar date. Retailers can plan promotional calendars around February 14 with a level of certainty that is simply not available for a holiday like Easter, whose date can land anywhere across a five week window.
Online versus in store shopping
Online retail has become the single largest shopping channel for Valentine's Day gifts, cited by 38 percent of shoppers as their top destination in recent NRF surveys, ahead of department stores at 34 percent and discount stores at 29 percent. That online preference is heavily skewed by age. More than half of younger consumers say they plan to shop online retailers for the holiday, compared to about 36 percent of shoppers aged 55 to 64 and only 29 percent of shoppers 65 and older.
That generational split in channel preference mirrors what shows up in spending and participation data more broadly. Younger shoppers who report higher participation and bigger average budgets are also the same shoppers driving the shift toward online purchasing, while older, lower spending shoppers remain more tied to physical stores.
Why this occasion exists as a retail event
Valentine's Day gift giving traces back to associations between Saint Valentine and romantic love that solidified in medieval Europe, with written valentines becoming common by the 1700s. The mass produced greeting card, introduced commercially in the United States in the 1840s, is often credited with turning a folk custom into a retail occasion. Candy and flowers followed as natural companion categories, both offering a low commitment, broadly understood way to mark affection.
What keeps the occasion commercially significant today is less about romance alone and more about its flexibility. Unlike birthdays or anniversaries, which are personal and staggered across the calendar, Valentine's Day gives every retailer the same single date to build a campaign around. That concentration is part of why so many categories, from florists to jewelers to candy makers to greeting card companies, treat it as one of their most important weeks of the year.
Regional and international variation
Valentine's Day is celebrated well beyond the United States, though customs and the scale of retail spending vary widely by country. In Japan, tradition has historically placed the gift giving burden on women, who give chocolate to men on February 14, with men reciprocating a month later on White Day. South Korea shares a similar structure with its own White Day custom.
In much of Western Europe, the holiday looks closer to the American model, centered on flowers, chocolate, and a dinner out, though overall per person spending tends to run lower than in the United States. The consistency of the holiday's core categories across so many different retail markets, cards, flowers, chocolate, and jewelry, is part of what makes it such a reliable annual demand spike almost everywhere it is marked.
Timing a purchase around the real 2026 date
Valentine's Day 2026 falls on Saturday, February 14. Because the date is fixed and does not move from year to year, the planning window is predictable: survey data suggests most shoppers begin looking in late January and settle on purchases within the first two weeks of February. Categories with fulfillment lead time, like personalized jewelry or made to order gifts, tend to sell out of popular options first, so shoppers with a specific item in mind are generally better served buying early rather than waiting for the final few days.
Perishable categories behave differently. Flowers and fresh food items are almost always best bought within a few days of the 14th, both for freshness and because that is when the widest selection is typically available. Shoppers balancing both types of gifts, something lasting alongside something perishable, often split their shopping into two separate trips rather than trying to buy everything at once.
