In fiscal 2026, which ended Jul 25, 2026, Cisco Systems, Inc. reported revenue of $63.3 billion, up 11.8% from the year before. Net income was $13.3 billion, a profit margin of 21.0%. Operating income came to $15.4 billion, an operating margin of 24.3%. Diluted earnings per share were $3.33. Across the 10 fiscal years shown, revenue grew from $48.0 billion in fiscal 2017 to $63.3 billion in fiscal 2026, about 3.1% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jul 25, 2026
|
FY 2025
Jul 26, 2025
|
FY 2024
Jul 27, 2024
|
FY 2023
Jul 29, 2023
|
FY 2022
Jul 30, 2022
|
FY 2021
Jul 31, 2021
|
FY 2020
Jul 25, 2020
|
FY 2019
Jul 27, 2019
|
FY 2018
Jul 28, 2018
|
FY 2017
Jul 29, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
63,325
+11.8%
|
56,654
+5.3%
|
53,803
-5.6%
|
56,998
+10.6%
|
51,557
+3.5%
|
49,818
+1.0%
|
49,301
-5.0%
|
51,904
+5.2%
|
49,330
+2.8%
|
48,005
-2.5%
|
| Cost of revenue |
22,465
+13.1%
|
19,864
+4.7%
|
18,975
-10.7%
|
21,245
+10.0%
|
19,309
+7.7%
|
17,924
+1.7%
|
17,618
-8.4%
|
19,238
+2.7%
|
18,724
+5.3%
|
17,781
-2.8%
|
| Gross profit |
40,860
+11.1%
|
36,790
+5.6%
|
34,828
-2.6%
|
35,753
+10.9%
|
32,248
+1.1%
|
31,894
+0.7%
|
31,683
-3.0%
|
32,666
+6.7%
|
30,606
+1.3%
|
30,224
-2.4%
|
| Research and development |
9,563
+2.8%
|
9,300
+16.5%
|
7,983
+5.7%
|
7,551
+11.5%
|
6,774
+3.4%
|
6,549
+3.2%
|
6,347
-3.5%
|
6,577
+3.9%
|
6,332
+4.5%
|
6,059
-3.8%
|
| Selling, general and administrative |
14,320
+2.6%
|
13,958
+5.9%
|
13,177
+6.6%
|
12,358
+10.5%
|
11,186
-2.0%
|
11,411
+2.9%
|
11,094
-2.7%
|
11,398
+0.1%
|
11,386
+1.9%
|
11,177
-2.2%
|
| Restructuring and impairment |
693
-6.9%
|
744
-5.7%
|
789
+48.6%
|
531
+8750.0%
|
6
-99.3%
|
886
+84.2%
|
481
+49.4%
|
322
-10.1%
|
358
-52.6%
|
756
+182.1%
|
| Operating income |
15,368
+30.7%
|
11,760
-3.5%
|
12,181
-19.0%
|
15,031
+7.6%
|
13,969
+8.9%
|
12,833
-5.8%
|
13,620
-4.2%
|
14,219
+15.5%
|
12,309
+2.8%
|
11,973
-5.4%
|
| Other income (expense) |
641
+197.1%
|
-660
-1345.3%
|
53
-81.5%
|
287
-43.5%
|
508
+18.4%
|
429
+22.6%
|
350
-0.6%
|
352
-51.8%
|
730
+132.5%
|
314
+20.8%
|
| Pretax income |
16,009
+44.2%
|
11,100
-9.3%
|
12,234
-20.1%
|
15,318
+5.8%
|
14,477
+9.2%
|
13,262
-5.1%
|
13,970
-4.1%
|
14,571
+11.7%
|
13,039
+6.1%
|
12,287
-4.9%
|
| Income tax |
2,742
+198.0%
|
920
-51.9%
|
1,914
-29.2%
|
2,705
+1.5%
|
2,665
-0.2%
|
2,671
-3.1%
|
2,756
-6.6%
|
2,950
-77.2%
|
12,929
+382.8%
|
2,678
+22.8%
|
| Net income |
13,267
+30.3%
|
10,180
-1.4%
|
10,320
-18.2%
|
12,613
+6.8%
|
11,812
+11.5%
|
10,591
-5.6%
|
11,214
-3.5%
|
11,621
+10464.5%
|
110
-98.9%
|
9,609
-10.5%
|
| Basic EPS |
3.36
+31.2%
|
2.56
+0.4%
|
2.55
-17.2%
|
3.08
+8.8%
|
2.83
+12.7%
|
2.51
-5.3%
|
2.65
+0.8%
|
2.63
+13050.0%
|
0.02
-99.0%
|
1.92
-9.9%
|
| Diluted EPS |
3.33
+30.6%
|
2.55
+0.4%
|
2.54
-17.3%
|
3.07
+8.9%
|
2.82
+12.8%
|
2.50
-5.3%
|
2.64
+1.1%
|
2.61
+12950.0%
|
0.02
-98.9%
|
1.90
-10.0%
|
| Weighted average shares, basic |
3,953
-0.6%
|
3,976
-1.7%
|
4,043
-1.2%
|
4,093
-1.8%
|
4,170
-1.2%
|
4,222
-0.3%
|
4,236
-4.1%
|
4,419
-8.6%
|
4,837
-3.5%
|
5,010
-0.9%
|
| Weighted average shares, diluted |
3,987
-0.3%
|
3,998
-1.6%
|
4,062
-1.0%
|
4,105
-2.1%
|
4,192
-1.0%
|
4,236
-0.4%
|
4,254
-4.5%
|
4,453
-8.8%
|
4,881
-3.3%
|
5,049
-0.8%
|
| Other measures | ||||||||||
| Depreciation and amortization |
700
+0.0%
|
700
+0.0%
|
700
+0.0%
|
700
-12.5%
|
800
+0.0%
|
800
-11.1%
|
900
-10.0%
|
1,000
-9.1%
|
1,100
+0.0%
|
1,100
+10.0%
|
| EBITDA |
16,068
+29.0%
|
12,460
-3.3%
|
12,881
-18.1%
|
15,731
+6.5%
|
14,769
+8.3%
|
13,633
-6.1%
|
14,520
-4.6%
|
15,219
+13.5%
|
13,409
+2.6%
|
13,073
-4.3%
|
| Interest coverage |
10.45x
|
7.38x
|
12.11x
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Margins | ||||||||||
| Gross margin |
64.52%
|
64.94%
|
64.73%
|
62.73%
|
62.55%
|
64.02%
|
64.26%
|
62.94%
|
62.04%
|
62.96%
|
| Operating margin |
24.27%
|
20.76%
|
22.64%
|
26.37%
|
27.09%
|
25.76%
|
27.63%
|
27.39%
|
24.95%
|
24.94%
|
| Pretax margin |
25.28%
|
19.59%
|
22.74%
|
26.87%
|
28.08%
|
26.62%
|
28.34%
|
28.07%
|
26.43%
|
25.60%
|
| Profit margin |
20.95%
|
17.97%
|
19.18%
|
22.13%
|
22.91%
|
21.26%
|
22.75%
|
22.39%
|
0.22%
|
20.02%
|
| EBITDA margin |
25.37%
|
21.99%
|
23.94%
|
27.60%
|
28.65%
|
27.37%
|
29.45%
|
29.32%
|
27.18%
|
27.23%
|
| Effective tax rate |
17.13%
|
8.29%
|
15.64%
|
17.66%
|
18.41%
|
20.14%
|
19.73%
|
20.25%
|
99.16%
|
21.80%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Computer Communications Equipment (SIC 3576)
- Listed as
- CSCO (Nasdaq)
- Fiscal year ends
- July 31
- Incorporated in
- DE
- Headquarters
- San Jose, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 858877
- Former names
- CISCO SYSTEMS, INC. (until Oct 29, 2026); CISCO SYSTEMS INC (until Nov 22, 2011)
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.