Cisco Systems, Inc.
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Financial Performance
Revenue
$56.7B
Market Cap
$201.5B
Net Income
$10.2B
Employees
85,000
Cisco's financials are defined by massive, highly predictable cash flow and a massive, desperate attempt to change how they recognize revenue. For decades, they generated billions by selling highly expensive, physical hardware boxes in one-off transactions. Wall Street hates this because it is unpredictable. Therefore, Cisco's entire financial strategy is pivoting to 'Annual Recurring Revenue' (ARR). They are heavily transitioning their software to a subscription model, forcing massive corporate clients to pay a recurring monthly fee for the software that runs the hardware, generating incredibly stable, highly valued SaaS revenue.
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.
Cisco Systems, Inc. reported approximately $53.8B in fiscal year 2025 with a team of 85,000 employees worldwide.
Cisco Systems, Inc. strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Networking Equipment & Enterprise Software is driven by steady cash generation and pricing power, enabling Cisco Systems, Inc. to reinvest in high-return strategic initiatives.
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>