Cisco Systems, Inc.
Financial Performance
Cisco Revenue & Financials
Revenue
$63.3B (FY2026)
Market Cap
$420.7B
Net Income
$13.3B
Employees
82,400
What is Cisco's revenue?
Cisco had $63.3B in revenue for fiscal year 2026, up 11.8% from 2025. Net income was $13.3B.
- Latest revenue
- $63.3B (FY2026)
- Year-over-year
- +11.8%
- Growth rate (CAGR)
- 3.1% over 9 years
- Peak revenue
- $63.3B (FY2026)
- Years of data
- 10
- Employees
- 82,400
Financial Analysis
Cisco's revenue fell 5.6% to $53.8 billion in FY2024 as customers worked through excess inventory, then recovered to $56.7 billion in FY2025 and a record $63.3 billion in FY2026 (up 12%). FY2026 GAAP net income was about $13.3 billion, GAAP EPS was $3.33 (up 31%), and non-GAAP EPS was $4.33. Growth accelerated through the year: Q4 FY2026 revenue was $17.3 billion, up 18%, with product revenue up 24% and total product orders up 35%. Cisco said it recognized about $4 billion of AI infrastructure revenue from hyperscalers in FY2026 and expects about $7.5 billion in FY2027, within total FY2027 revenue guidance of $72.2-73.4 billion. The company also pays a quarterly dividend and buys back stock. Cisco Systems remains a backbone of enterprise networking infrastructure, carrying a market valuation typically around $200 billion.
Revenue Trend Analysis
YoY Change
+11.8%
9-Year CAGR
+3.1%
Peak Year
2026
Trend
Consistent Growth
Cisco Systems, Inc. has 10 full fiscal year figures on this page, compounding at +3.1% annually over 9 years. The most recent year saw a 11.8% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at $63.3B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
Click any row to see year details.
Cisco Systems, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2026ended Jul 25, 2026 | $14.2B | $1.4B | $129.6B | $79.4B | $50.3B | $12.8B | Form 10-K |
| FY2025ended Jul 26, 2025 | $14.2B | $905M | $122.3B | $75.4B | $46.8B | $13.3B | Form 10-K |
| FY2024ended Jul 27, 2024 | $10.9B | $670M | $124.4B | $79B | $45.5B | $10.2B | Form 10-K |
| FY2023ended Jul 29, 2023 | $19.9B | $849M | $101.9B | $57.5B | $44.4B | $19B | Form 10-K |
| FY2022ended Jul 30, 2022 | $13.2B | $477M | $94B | $54.2B | $39.8B | $12.7B | Form 10-K |
| FY2021ended Jul 31, 2021 | $15.5B | $692M | $97.5B | $56.2B | $41.3B | $14.8B | Form 10-K |
| FY2020ended Jul 25, 2020 | $15.4B | $770M | $94.9B | $56.9B | $37.9B | $14.7B | Form 10-K |
| FY2019ended Jul 27, 2019 | $15.8B | $909M | $97.8B | $64.2B | $33.6B | $14.9B | Form 10-K |
| FY2018ended Jul 28, 2018 | $13.7B | $834M | $108.8B | $65.6B | $43.2B | $12.8B | Form 10-K |
| FY2017ended Jul 29, 2017 | $13.9B | $964M | $129.8B | $63.7B | $66.1B | $12.9B | Form 10-K |
Keep researching Cisco
Cisco Revenue and Financial FAQ
What was Cisco Systems' total annual revenue in recent fiscal years?
Cisco Systems, Inc. reported revenue of $63.3 billion for fiscal year 2026, up from $56.7 billion in fiscal 2025.
What is Cisco's gross profit margin profile?
Cisco maintains a healthy consolidated gross profit margin of approximately 65% to 68% (with non-GAAP software and services gross margins exceeding 70%), supported by supply chain optimization and expanding software mix.
How much annual operating cash flow and net income does Cisco produce?
Cisco generates between $10.0 billion and $13.5 billion in annual net income and produces over $14 billion to $19 billion in cash flow from operations, reflecting exceptional earnings quality and capital conversion efficiency.
What is Cisco's dividend track record and payout growth?
Cisco has increased its quarterly cash dividend every year since initiating its dividend in 2011, paying an annualized dividend of over $1.60 per share ($6.5B+ annually) with a target payout ratio of approximately 45% to 50% of free cash flow.
How much capital does Cisco return to shareholders via share repurchases?
Cisco returns billions of dollars annually to shareholders via common share repurchases, having bought back over $100 billion of CSCO stock under board-authorized programs to reduce share count and compound EPS.
What is Cisco's market capitalization on NASDAQ?
Cisco's market capitalization was about $421 billion on September 25, 2026, up roughly 58% in a year as AI networking demand lifted the stock.
What is Cisco's Annual Recurring Revenue (ARR) and Remaining Performance Obligations (RPO)?
Following the Splunk acquisition, Cisco's Annual Recurring Revenue (ARR) reached nearly $30 billion, backed by over $36 billion to $39 billion in Remaining Performance Obligations (RPO) representing committed contracted future software revenue.
How did Cisco fund the $28 billion cash acquisition of Splunk in 2024?
Cisco financed the $28 billion Splunk transaction using a combination of balance sheet cash on hand and $13.5 billion in low-cost senior investment-grade notes, maintaining its strong investment-grade credit rating.
Was Cisco the most valuable company in the world?
Yes, at the absolute peak of the dot-com bubble in March 2000, Cisco reached a massive market capitalization of over $500 billion, briefly making it the most valuable company on Earth before its stock crashed heavily.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Cisco 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 reported $63.3B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/cisco/financials" target="_blank" rel="noopener">CorpDigest — Cisco financials</a></div>Related Financial Audits
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