| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $56.65B | $53.80B | $57.00B | $51.56B | $49.82B | $49.30B | $51.90B | $49.33B |
| Cost of Revenue | $19.86B | $18.98B | $21.25B | $19.31B | $17.92B | $17.62B | $19.24B | $18.72B |
| Gross Profit | $36.79B | $34.83B | $35.75B | $32.25B | $31.89B | $31.68B | $32.67B | $30.61B |
| Gross Margin | 64.94% | 64.73% | 62.73% | 62.55% | 64.02% | 64.26% | 62.94% | 62.04% |
| Operating Expenses | $25.03B | $22.65B | $20.72B | $18.28B | $19.06B | $18.06B | $18.45B | $18.30B |
| Operating Income | $11.76B | $12.18B | $15.03B | $13.97B | $12.83B | $13.62B | $14.22B | $12.31B |
| Operating Margin | 20.76% | 22.64% | 26.37% | 27.09% | 25.76% | 27.63% | 27.39% | 24.95% |
| Net Income | $10.18B | $10.32B | $12.61B | $11.81B | $10.59B | $11.21B | $11.62B | $110.00M |
| Net Margin | 17.97% | 19.18% | 22.13% | 22.91% | 21.26% | 22.75% | 22.39% | 0.22% |
| EPS (Basic) | $2.56 | $2.55 | $3.08 | $2.83 | $2.51 | $2.65 | $2.63 | $0.02 |
| EBITDA | $15.38B | $15.75B | $17.47B | $16.79B | $15.56B | $16.36B | $17.33B | $16.17B |
| Stock Option Compensation Expense | $3.64B | $3.07B | $2.35B | $1.89B | $1.76B | $1.57B | $1.57B | $1.58B |
| Price To Earnings Ratio | 26.83 | 18.98 | 16.89 | 15.99 | 22.07 | 17.79 | 21.07 | 1859.61 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $273.11B | $195.88B | $213.00B | $188.82B | $233.77B | $199.52B | $244.81B | $204.56B |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $122.29B | $124.41B | $101.85B | $94.00B | $97.50B | $94.85B | $97.79B | $108.78B |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $75.45B | $78.96B | $57.50B | $54.23B | $56.22B | $56.93B | $64.22B | $65.58B |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $46.84B | $45.46B | $44.35B | $39.77B | $41.27B | $37.92B | $33.57B | $43.20B |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $46.84B | $45.46B | $44.35B | $39.77B | $41.27B | $37.92B | $33.57B | $43.20B |
| Total Liabilities & Stockholders Equity | $122.29B | $124.41B | $101.85B | $94.00B | $97.50B | $94.85B | $97.79B | $108.78B |
| Book Value Per Share | $11.78 | $11.24 | $10.84 | $9.54 | $9.78 | $8.95 | $7.60 | $8.93 |
| Tangible Book Value Per Share | $-5.40 | $-6.04 | $0.98 | $-0.26 | $-0.12 | $0.60 | $-0.49 | $1.85 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 8.32% | 8.29% | 12.38% | 12.57% | 10.86% | 11.82% | 11.88% | 0.10% |
| Return on Equity | 21.73% | 22.70% | 28.44% | 29.70% | 25.66% | 29.57% | 34.62% | 0.25% |
| Return on Invested Capital | 11.62% | 10.76% | 17.12% | 16.33% | 13.90% | 15.07% | 14.87% | 0.12% |
| Quick Ratio | 0.91 | 0.83 | 1.27 | 1.33 | 1.43 | 1.67 | 1.46 | 2.22 |
| Current Ratio | 1.00 | 0.91 | 1.38 | 1.43 | 1.49 | 1.72 | 1.51 | 2.29 |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $10.18B | $10.32B | $12.61B | $11.81B | $10.59B | $11.21B | $11.62B | $110.00M |
| Depreciation | $2.86B | $2.51B | $1.73B | $1.96B | $1.86B | $1.81B | $1.90B | $2.19B |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $14.19B | $10.88B | $19.89B | $13.23B | $15.45B | $15.43B | $15.83B | $13.67B |
| Capital Expenditures | $905.00M | $670.00M | $849.00M | $477.00M | $692.00M | $770.00M | $909.00M | $834.00M |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | $6.44B | $6.38B | $6.30B | $6.22B | $6.16B | $6.02B | $5.98B | $5.97B |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | $7.22B | $6.78B | $4.89B | $8.38B | $3.51B | $3.39B | $21.58B | $18.25B |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $13.29B | $10.21B | $19.04B | $12.75B | $14.76B | $14.66B | $14.92B | $12.83B |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Company coverage
Cisco Systems, Inc. is a leading global technology company focused on designing, producing, and marketing Internet Protocol (IP)-based networking equipment, software, and associated products within the communications and information technology industries. The company operates extensively across major regions including the Americas, Europe, the Middle East, Africa, and the Asia Pacific, specifically covering Japan and China. Its comprehensive product lineup features switching solutions for both enterprise campuses and data centers. Cisco's enterprise routing segment is crucial for securely and reliably interconnecting public, private, wired, and mobile networks, ensuring vital connectivity across corporate campuses, data centers, and branch offices. Additionally, the company provides a range of wireless products offering seamless indoor and outdoor roaming for voice, video, and data applications. Security forms a significant pillar of its offerings, encompassing network defense, identity and access management, secure access service edge (SASE), alongside threat intelligence, detection, and response capabilities. For collaboration, Cisco delivers the Webex Suite, dedicated devices, contact center platforms, and communication platform-as-a-service (CPaaS). These end-to-end collaboration solutions are adaptable, available in cloud, on-premise, or hybrid environments, facilitating clients' migration to cloud-based systems. Moreover, their observability suite provides network assurance, monitoring, and analytics. Beyond its product portfolio, Cisco offers extensive customer support and services, including technical assistance, advanced professional services, and advisory consulting. The company serves a broad clientele, from small and large businesses to public institutions, governmental agencies, and service providers. Products and services are distributed directly by Cisco, as well as through a diverse network of system integrators, service providers, other resellers, and distributors. Cisco Systems, Inc. also engages in strategic collaborations with other industry players. Founded in 1984, the company is headquartered in San Jose, California.
Why it moved over time
Cisco raised its AI infrastructure order target to $9 billion but said only about $4 billion will convert to fiscal 2026 revenue, capping near-term revenue growth and prompting investor reassessment.
Key fact: Cisco raised AI infrastructure order target to $9 billion; expects roughly $4 billion to convert to fiscal 2026 revenue.
The Motley Fool: Cisco Raised Its AI Order Target to $9 Billion. Here's What Investors Need to Know.Cisco raised its AI infrastructure order target to $9 billion for fiscal 2026, signaling stronger hyperscaler AI demand and potential future revenue upside despite only $4 billion expected to convert to revenue this fiscal year.
Key fact: AI order target raised to $9 billion; $4 billion expected to convert to revenue in fiscal 2026.
The Motley Fool: Cisco Raised Its AI Order Target to $9 Billion. Here's What Investors Need to Know.Cisco raised its AI infrastructure order target to $9 billion (from $5 billion), signaling stronger hyperscaler demand and increasing expected AI revenue contribution to fiscal 2026 guidance.
Key fact: Raised AI infrastructure order target to $9 billion (from $5 billion); expects about $4 billion of AI infrastructure revenue in fiscal 2026.
fool.com: Cisco Raised Its AI Order Target to $9 Billion. Here's What Investors Need to Know.Cisco shares gained after Tenable joined Cisco’s SolutionsPlus program, integrating Tenable One and Hexa AI to bolster Cisco’s vulnerability-management offerings and ease customer migration.
Key fact: Tenable joined Cisco's SolutionsPlus program to provide Tenable One and Hexa AI exposure-management capabilities for Cisco vulnerability-management customers.
GlobeNewswire Inc.: Tenable Joins Cisco’s SolutionsPlus Program as an Exposure Management Partner for Vulnerability Management Customers