CISCO SYSTEMS, INC. CSCO

Technology SIC 3576 - Computer Communications Equipment NAICS Manufacturing › Computer and Electronic Product Manufacturing › Communications Equipment Manufacturing › Telephone Apparatus Manufacturing derived Nasdaq

Cisco designs and sells a broad range of technologies including hardware, software, and artificial intelligence (AI) powered digital infrastructure to power, help secure, and draw insights from the Internet. We are incorporating AI into our product portfolios across networking, security, collaboration and observability, as well as integrating our products more tightly together into a platform. We are simplifying how our technology is delivered, managed and optimized and helping customers maximize the business value of their technology investments.

We conduct our business globally and manage our business by geography. Our business is organized into the following three geographic segments: Americas; Europe, Middle East, and Africa (EMEA); and Asia Pacific, Japan, and China (APJC).

Last close 106.50 2026-10-23
Market cap $419.89B 2026-07-25 share count
52-week range 70.43 - 130.37

Valuation FY2026 figures against the last close

P/S6.6x
P/E32.0x
P/FCF32.9x
EV/EBITDA26.6x
Dividend yield1.6%
Diluted EPS3.33

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $63.33B$56.65B$53.80B$57.00B$51.56B$49.82B$49.30B$51.90B$49.33B$48.01B
Cost of revenue $22.46B$19.86B$18.98B$21.25B$19.31B$17.92B$17.62B$19.24B$18.72B$17.78B
Gross profit $40.86B$36.79B$34.83B$35.75B$32.25B$31.89B$31.68B$32.67B$30.61B$30.22B
R&D $9.56B$9.30B$7.98B$7.55B$6.77B$6.55B$6.35B$6.58B$6.33B$6.06B
SG&A $2.76B$2.99B$2.81B$2.48B$2.10B$2.15B$1.93B$1.83B$2.14B$1.99B
Total operating expenses $25.49B$25.03B$22.65B$20.72B$18.28B$19.06B$18.06B$18.45B$18.30B$18.25B
Operating income $15.37B$11.76B$12.18B$15.03B$13.97B$12.83B$13.62B$14.22B$12.31B$11.97B
Interest expense $1.47B$1.59B$1.01B$427.0M$360.0M$434.0M$585.0M$859.0M$943.0M$861.0M
Pre-tax income $16.01B$11.10B$12.23B$15.32B$14.48B$13.26B$13.97B$14.57B$13.04B$12.29B
Income tax $2.74B$920.0M$1.91B$2.71B$2.67B$2.67B$2.76B$2.95B$12.93B$2.68B
Net income $13.27B$10.18B$10.32B$12.61B$11.81B$10.59B$11.21B$11.62B$110.0M$9.61B
EPS, basic 3.362.562.553.082.832.512.652.630.021.92
EPS, diluted 3.332.552.543.072.822.502.642.610.021.90
Shares, diluted (wtd. avg.) 3.99B4.00B4.06B4.11B4.19B4.24B4.25B4.45B4.88B5.05B

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $7.22B$8.35B$8.84B$11.63B$8.58B$9.94B$11.81B$11.77B$8.99B$11.77B
Short-term investments $8.70B$7.76B$10.35B$16.02B$12.19B$15.34B$17.61B$21.66B$37.61B—
Receivables $7.47B$6.70B$6.68B$5.85B$6.62B$5.77B$5.47B$5.49B$5.55B$5.15B
Inventory $5.69B$3.16B$3.37B$3.64B$2.57B$1.56B$1.28B$1.38B$1.85B$1.62B
Total current assets $38.66B$34.99B$36.86B$43.35B$36.72B$39.11B$43.57B$47.76B$61.84B$83.70B
Property, plant and equipment $2.76B$2.11B$2.09B$2.08B$2.00B$2.34B$2.45B$2.79B$3.01B$3.32B
Goodwill $59.48B$59.14B$58.66B$38.53B$38.30B$38.17B$33.81B$33.53B$31.71B$29.77B
Other intangibles $7.56B$9.18B$11.22B$1.82B$2.57B$3.62B$1.58B$2.20B$2.55B$2.54B
Total assets $129.64B$122.29B$124.41B$101.85B$94.00B$97.50B$94.85B$97.79B$108.78B$129.82B
Accounts payable $3.37B$2.53B$2.30B$2.31B$2.28B$2.36B$2.22B$2.06B$1.90B$1.39B
Short-term debt $3.50B$1.75B$488.0M$1.73B$499.0M$2.51B$3.00B$6.00B$5.24B$4.75B
Total current liabilities $41.52B$35.06B$40.58B$31.31B$25.64B$26.26B$25.33B$31.71B$27.04B$27.58B
Long-term debt $19.37B$22.86B$19.62B$6.66B$8.42B$9.02B$11.58B$14.47B$20.33B$25.73B
Total liabilities $79.35B$75.45B$78.96B$57.50B$54.23B$56.22B$56.93B$64.22B$65.58B$63.68B
Retained earnings $1.56B$50.0M$1.09B$1.64B-$1.32B-$654.0M-$2.76B-$5.90B$1.23B$20.84B
Total equity $50.28B$46.84B$45.46B$44.35B$39.77B$41.27B$37.92B$33.57B$43.20B$66.14B

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $14.18B$14.19B$10.88B$19.89B$13.23B$15.45B$15.43B$15.83B$13.67B$13.88B
Depreciation and amortisation $700.0M$700.0M$700.0M$700.0M$800.0M$800.0M$900.0M$1.00B$1.10B$1.10B
Stock-based compensation $3.83B$3.64B$3.07B$2.35B$1.89B$1.76B$1.57B$1.57B$1.58B$1.53B
Capital expenditure $1.41B$905.0M$670.0M$849.0M$477.0M$692.0M$770.0M$909.0M$834.0M$964.0M
Investing cash flow -$3.48B$1.73B-$20.48B-$5.11B$1.55B-$5.29B$3.50B$14.84B$15.32B-$6.04B
Financing cash flow -$12.35B-$15.81B$6.84B-$11.63B-$15.96B-$12.10B-$18.86B-$27.89B-$31.76B-$3.81B
Dividends paid $6.55B$6.44B$6.38B$6.30B$6.22B$6.16B$6.02B$5.98B$5.97B$5.51B
Buybacks $6.11B$6.00B$5.79B$4.29B$7.69B$2.88B$2.66B$20.72B$17.55B$3.69B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000858877-26-000132.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 20B 40B 60B 80B Revenue, FY2017: 48B Gross profit, FY2017: 30.2B Net income, FY2017: 9.6B Revenue, FY2018: 49.3B Gross profit, FY2018: 30.6B Net income, FY2018: 110M Revenue, FY2019: 51.9B Gross profit, FY2019: 32.7B Net income, FY2019: 11.6B Revenue, FY2020: 49.3B Gross profit, FY2020: 31.7B Net income, FY2020: 11.2B Revenue, FY2021: 49.8B Gross profit, FY2021: 31.9B Net income, FY2021: 10.6B Revenue, FY2022: 51.6B Gross profit, FY2022: 32.2B Net income, FY2022: 11.8B Revenue, FY2023: 57B Gross profit, FY2023: 35.8B Net income, FY2023: 12.6B Revenue, FY2024: 53.8B Gross profit, FY2024: 34.8B Net income, FY2024: 10.3B Revenue, FY2025: 56.7B Gross profit, FY2025: 36.8B Net income, FY2025: 10.2B Revenue, FY2026: 63.3B Gross profit, FY2026: 40.9B Net income, FY2026: 13.3B FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $48.01B $49.33B $51.90B $49.30B $49.82B $51.56B $57.00B $53.80B $56.65B $63.33B
Gross profit $30.22B $30.61B $32.67B $31.68B $31.89B $32.25B $35.75B $34.83B $36.79B $40.86B
Net income $9.61B $110.0M $11.62B $11.21B $10.59B $11.81B $12.61B $10.32B $10.18B $13.27B

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Annual report filed Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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