Cisco Systems, Inc.
Explore Cisco Systems
Core profile pages, annual revenue records, and related research hubs for this company.
Cisco Systems, Inc.
Explore Cisco Systems
Core profile pages, annual revenue records, and related research hubs for this company.
Financial Performance
Revenue
$56.7B
Market Cap
$466.0B
Net Income
$10.2B
Employees
86,200
Cisco reported $56.654 billion in FY2025 revenue, up from $53.803 billion in FY2024 and near the $56.998 billion reported in FY2023. Net income was $10.180 billion in FY2025, compared with $10.320 billion in FY2024. The 2025 result reflects a recovery in demand plus a full-year contribution from Splunk, while Cisco's fiscal 2026 annual report has not yet been filed as of July 22, 2026. The strategic question is whether Cisco can keep converting its installed networking base into software, security, and observability revenue while defending against Arista, cloud platforms, and cybersecurity specialists.
Revenue Trend Analysis
YoY Change
+5.3%
4-Year CAGR
+3.3%
Peak Year
2023
Trend
Consistent Growth
Cisco Systems, Inc. has reported revenue across 5 fiscal years, compounding at +3.3% annually over 4 years. The most recent year saw a 5.3% increase versus the prior year. Revenue peaked in 2023 at $57.0B. Out of 4 reported periods, 3 showed growth and 1 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $56.7B | $10.2B | +5.3% |
| FY2024 | $53.8B | — | -5.6% |
| FY2023 | $57.0B | — | +10.6% |
| FY2022 | $51.6B | — | +3.5% |
| FY2021 | $49.8B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Driven by massive enterprise IT spending and software subscriptions, Cisco consistently generates over $57 billion in annual revenue.
Yes. In March 2000, at the absolute peak of the dot-com bubble, Cisco's market capitalization hit $500 billion, briefly making it the most valuable company on Earth. Investors believed Cisco would literally own the entire internet.
It was a massive financial catastrophe. When the dot-com startups went bankrupt, nobody bought Cisco routers. Cisco's stock crashed by 86%, losing roughly $400 billion in market value, taking over 20 years for the stock to recover.
Yes. While it was once a hyper-growth tech startup, modern Cisco is a highly mature, massive cash cow. They generate incredible free cash flow, allowing them to pay a highly reliable, growing dividend and execute massive stock buybacks.
Because Cisco still relies on physical hardware, the massive global semiconductor shortage crippled them. They had massive billions of dollars in orders they simply couldn't fulfill because they couldn't get the microchips from China, severely hurting their revenue.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Cisco Systems, Inc. Revenue & Financials." CorpDigest, https://corpdigest.com/company/cisco/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Cisco Systems, Inc. reported $57B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/cisco/financials" target="_blank" rel="noopener">CorpDigest — Cisco Systems, Inc. financials</a></div>