Overview
CISCO SYSTEMS, INC.
Latest 10-K: FY2026, filed Sep 2, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $63.33B
- 11.8%YoYup from FY2025
- TotalRevenue
- Gross profit
- $40.86B
- 11.1%YoYup from FY2025
- GrossProfit
- Operating income
- $15.37B
- 30.7%YoYup from FY2025
- OperatingIncome
- Net income
- $13.27B
- 30.3%YoYup from FY2025
- NetIncome
- Diluted EPS
- $3.33
- 30.6%YoYup from FY2025
- EPSDiluted
- Diluted shares
- 3.99B
- 0.3%YoYdown from FY2025
- WeightedAvgSharesDiluted
At a glance
Growth
- CISCO SYSTEMS, INC. reported revenue of $63.33B for fiscal 2026, up 11.8% from fiscal 2025.
- Revenue grew faster than the median S&P 500 member in 1 of the last 4 fiscal years.
Profitability
- Operating margin was 24.3% and net margin was 21.0%.
Per share
- Diluted EPS was $3.33, up 30.6% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 24, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $63.33B11.8%up | $56.65B5.3%up S&P 500 6.4% | $53.80B5.6%down S&P 500 4.5% | $57.00B10.6%up S&P 500 4.8% | $51.56B3.5%up S&P 500 10.3% | 5.3% |
| Gross Profit Median of 315 / 498 | $40.86B11.1%up | $36.79B5.6%up S&P 500 6.8% | $34.83B2.6%down S&P 500 5.5% | $35.75B10.9%up S&P 500 5.2% | $32.25B1.1%up S&P 500 8.3% | 6.1% |
| Operating Income Median of 373 / 498 | $15.37B30.7%up | $11.76B3.5%down S&P 500 7.3% | $12.18B19.0%down S&P 500 7.4% | $15.03B7.6%up S&P 500 4.9% | $13.97B8.9%up S&P 500 7.5% | 2.4% |
| Net Income | $13.27B30.3%up | $10.18B1.4%down S&P 500 4.8% | $10.32B18.2%down S&P 500 5.7% | $12.61B6.8%up S&P 500 1.9% | $11.81B11.5%up S&P 500 1.3% | 2.9% |
| EPS (Diluted) | $3.3330.6%up | $2.550.4%up S&P 500 6.2% | $2.5417.3%down S&P 500 7.9% | $3.078.9%up S&P 500 1.9% | $2.8212.8%up S&P 500 1.5% | 4.2% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $129.64B6.0%up | $122.29B1.7%down S&P 500 5.6% | $124.41B22.2%up S&P 500 3.4% | $101.85B8.4%up S&P 500 4.1% | $94.00B3.6%down S&P 500 2.2% | 8.4% |
| Total Liabilities Median of 357 / 498 | $79.35B5.2%up | $75.45B4.4%down S&P 500 6.4% | $78.96B37.3%up S&P 500 1.9% | $57.50B6.0%up S&P 500 2.9% | $54.23B3.5%down S&P 500 2.0% | 10.0% |
| Stockholders' Equity | $50.28B7.3%up | $46.84B3.0%up S&P 500 6.8% | $45.46B2.5%up S&P 500 5.4% | $44.35B11.5%up S&P 500 7.3% | $39.77B3.6%down S&P 500 2.5% | 6.0% |
| Cash & Equivalents | $7.22B13.5%down | $8.35B11.2%up S&P 500 5.2% | $7.51B25.8%down S&P 500 1.9% | $10.12B43.0%up S&P 500 6.7% | $7.08B22.8%down S&P 500 -8.6% | 0.5% |
| Total Debt Median of 393 / 498 | $29.53B†5.1%up | $28.09B†9.3%down S&P 500 2.3% | $30.96B†269.0%up S&P 500 0.1% | $8.39B†11.8%down S&P 500 0.1% | $9.52B†17.4%down S&P 500 0.1% | 32.7% |
† Sum of short-term and long-term debt; the company files no total-debt line.
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $14.18B0.1%down | $14.19B30.5%up S&P 500 6.3% | $10.88B45.3%down S&P 500 4.8% | $19.89B50.4%up S&P 500 9.9% | $13.23B14.4%down S&P 500 -0.7% | 1.8% |
| Capital Expenditures | $1.41B55.8%up | $0.91B35.1%up S&P 500 5.4% | $0.67B21.1%down S&P 500 2.8% | $0.85B78.0%up S&P 500 11.3% | $0.48B31.1%down S&P 500 14.0% | 31.1% |
| Free Cash Flow Median of 378 / 498 | $12.77B3.9%down | $13.29B30.1%up S&P 500 7.3% | $10.21B46.4%down S&P 500 6.1% | $19.04B49.3%up S&P 500 8.8% | $12.75B13.6%down S&P 500 -11.3% | 0.0% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
S&P 500 median = median of the companies in the index on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-20. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2026Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
2.9%
Wall Street
on net earnings
FY2025 3.7%
2.8%
Value investor
on free cash flow
FY2025 4.8%
Gap −0.1 pts: Value-investor figure 0.1 points lower
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 34.3×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
3.5%
Wall Street
on EBITDA
FY2025 4.5%
3.3%
Value investor
on EBIT
FY2025 4.1%
Gap −0.2 pts: Value-investor figure 0.2 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 28.8×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
11.0%
Wall Street
on book equity
FY2025 17.1%
n/m
Value investor
on tangible book
FY2025 n/m
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 9.1×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
27.3%
Wall Street
ROE: net income ÷ equity
FY2025 22.1%
16.9%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2025 14.8%
Gap −10.4 pts: Value-investor figure 10.4 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
25.7%
Wall Street
EBITDA margin
FY2025 22.6%
20.2%
Value investor
Free-cash-flow margin
FY2025 23.5%
Gap −5.5 pts: Value-investor figure 5.5 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
0.93×
Wall Street
Current ratio
FY2025 1.00×
0.79×
Value investor
Quick ratio, inventory excluded
FY2025 0.91×
Gap −0.14×: Value-investor figure 0.14 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.55×
Wall Street
EBITDA ÷ total debt
FY2025 0.46×
0.43×
Value investor
FCF ÷ total debt
FY2025 0.47×
Gap −0.12×: Value-investor figure 0.12 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 0.84×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
11.1×
Wall Street
EBITDA ÷ interest
FY2025 8.0×
10.5×
Value investor
EBIT ÷ interest
FY2025 7.4×
Gap −0.6×: Value-investor figure 0.6 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on CSCO yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on CSCO and publish the result to your public profile.
Cite this page
Data as of Oct 24, 2026. Canonical address: https://valuein.biz/data/CSCO
Valuein. (2026, October 24). CISCO SYSTEMS, INC. (CSCO) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/CSCO
@misc{valuein_csco_2026,
author = {{Valuein}},
title = {CISCO SYSTEMS, INC. (CSCO) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/CSCO}},
note = {Data as of 2026-10-24; source: SEC EDGAR filings}
}10-K filed Sep 2, 2026 · accession 0000858877-26-000132
Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.
point-in-time · survivorship-free · every number traceable to its SEC filing