CSCO Financials Cisco Systems

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated 13 d ago Overview →

Growth & profitability

Revenue has grown 4.9% per year over the past 5 years.
Net income has grown in line with revenue (4.6% vs 4.9% per year).
Operating margin has contracted, at 24.3% in the latest year.
Free cash flow has declined 2.9% per year over the past 5 years.

Financial health

Total debt ($22.9B) exceeds cash ($7.2B); net debt is $15.7B.
Total debt has grown faster than revenue (14.7% vs 4.9% per year).
Operating income covered interest expense 10× in the latest year.
Total debt is 1.4× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 49.4% of earnings and 51.3% of free cash flow.
The dividend has grown 1.2% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$63.3B	$13.3B	64.5%	24.3%	26.4%	10.2%	$12.8B	$22.9B	$7.2B
2025	$56.7B	$10.2B	64.9%	20.8%	21.7%	8.3%	$13.3B	$24.6B	$8.3B
2024	$53.8B	$10.3B	64.7%	22.6%	22.7%	8.3%	$10.2B	$20.1B	$7.5B
2023	$57.0B	$12.6B	62.7%	26.4%	28.4%	12.4%	$19.0B	$8.4B	$10.1B
2022	$51.6B	$11.8B	62.5%	27.1%	29.7%	12.6%	$12.7B	$8.9B	$7.1B
2021	$49.8B	$10.6B	64.0%	25.8%	25.7%	10.9%	$14.8B	$11.5B	$9.2B
2020	$49.3B	$11.2B	64.3%	27.6%	29.6%	11.8%	$14.7B	$14.6B	$11.8B
2019	$51.9B	$11.6B	62.9%	27.4%	34.6%	11.9%	$14.9B	$20.5B	$11.8B
2018	$49.3B	$110M	62.0%	25.0%	0.3%	0.1%	$12.8B	$25.6B	$8.9B
2017	$48.0B	$9.6B	63.0%	24.9%	14.5%	7.4%	$12.9B	$30.5B	$11.7B
2016	—	$10.7B	—	—	16.9%	8.8%	$12.4B	$28.6B	$7.6B
2015	—	$9.0B	—	—	15.0%	7.9%	—	$25.4B	$6.9B
2014	—	$7.9B	—	—	13.9%	7.5%	—	$20.8B	$6.7B
2013	—	$10.0B	—	—	16.9%	9.9%	$11.7B	$16.2B	$7.9B
2012	—	$8.0B	—	—	15.7%	8.8%	$10.4B	$16.3B	$9.8B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jul '26	$17.3B	$3.9B	64.1%	24.7%	7.7%	3.0%	$5.0B	$22.9B	$7.2B
Apr '26	$15.8B	$3.4B	63.6%	25.0%	6.9%	2.7%	$3.3B	$22.9B	$7.1B
Jan '26	$15.3B	$3.2B	65.0%	24.6%	6.7%	2.6%	$1.5B	$24.6B	$7.5B
Oct '25	$14.9B	$2.9B	65.5%	22.6%	6.1%	2.4%	$2.9B	$24.6B	$8.4B
Jul '25	$14.7B	$2.5B	63.2%	21.0%	5.4%	2.1%	$4.0B	$24.6B	$8.3B
Apr '25	$14.1B	$2.5B	65.6%	22.6%	5.4%	2.1%	$3.8B	$25.1B	$8.2B
Jan '25	$14.0B	$2.4B	65.1%	22.3%	5.3%	2.0%	$2.0B	$20.1B	$8.6B
Oct '24	$13.8B	$2.7B	65.9%	17.0%	6.0%	2.2%	$3.4B	$20.1B	$9.1B
Jul '24	$13.6B	$2.2B	64.4%	19.2%	4.8%	1.7%	$3.5B	$20.1B	$7.5B
Apr '24	$12.7B	$1.9B	65.1%	17.2%	4.1%	1.5%	$3.8B	$20.1B	$8.9B
Jan '24	$12.8B	$2.6B	64.2%	24.2%	5.7%	2.6%	$638M	$7.7B	$13.7B
Oct '23	$14.7B	$3.6B	65.2%	29.2%	8.0%	3.7%	$2.2B	$7.7B	$9.6B
Jul '23	$15.2B	$4.0B	64.1%	28.0%	8.9%	3.9%	$5.7B	$8.4B	$10.1B
Apr '23	$14.6B	$3.2B	63.4%	27.1%	7.6%	3.3%	$4.9B	$8.4B	$8.0B
Jan '23	$13.6B	$2.8B	62.0%	24.2%	6.7%	2.9%	$4.6B	$8.9B	$9.0B
Oct '22	$13.6B	$2.7B	61.2%	26.0%	6.6%	2.9%	$3.8B	$8.9B	$7.3B
Jul '22	$13.1B	$2.8B	61.3%	26.2%	7.1%	3.0%	$3.5B	$8.9B	$7.1B
Apr '22	$12.8B	$3.0B	63.3%	28.1%	7.5%	3.3%	$3.6B	$9.4B	$7.0B
Jan '22	$12.7B	$3.0B	63.3%	27.4%	7.5%	3.2%	$2.4B	$9.5B	$6.7B
Oct '21	$12.9B	$3.0B	62.4%	26.7%	7.0%	3.1%	$3.3B	$9.5B	$7.6B

Valuation over time

How the market has priced CSCO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 17.4× (Mar '23) to 32.3× (Sep '26).
The price-to-sales ratio has risen from 4.0× (Mar '23) to 6.8× (Sep '26).
The dividend yield has fallen from 3.0% (Mar '23) to 1.5% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is CSCO growing its revenue and profit?

Over the past 5 years, Cisco Systems's revenue has grown 4.9% per year, and net income grown 4.6% per year. These are computed facts, not advice.

How much debt does CSCO have?

As of FY2026, Cisco Systems reported $22.9B of total debt against $7.2B of cash; operating income covered interest expense 10×.

What is CSCO's profit margin?

In FY2026, gross margin was 64.5%, operating margin 24.3%, and net margin 21.0%.

What is CSCO's P/E ratio?

As of Sep '26, Cisco Systems traded at a price-to-earnings ratio of about 32.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.