Cisco Systems Income Statement

Financials in millions USD. Fiscal year is August - July.

Millions USD. Fiscal year is Aug - Jul.

Fiscal Quarter	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Period Ending	Oct '25 Oct 25, 2025	Jul '25 Jul 26, 2025	Apr '25 Apr 26, 2025	Jan '25 Jan 25, 2025	Oct '24 Oct 26, 2024	Jul '24 Jul 27, 2024	Apr '24 Apr 27, 2024	Jan '24 Jan 27, 2024	Oct '23 Oct 28, 2023	Jul '23 Jul 29, 2023	Apr '23 Apr 29, 2023	Jan '23 Jan 28, 2023	Oct '22 Oct 29, 2022	Jul '22 Jul 30, 2022	Apr '22 Apr 30, 2022	Jan '22 Jan 29, 2022	Oct '21 Oct 30, 2021	Jul '21 Jul 31, 2021	May '21 May 1, 2021	Jan '21 Jan 23, 2021
Revenue	57,696	56,654	55,623	54,176	52,976	53,803	55,364	57,233	58,034	56,998	54,897	53,161	52,289	51,557	51,581	51,549	50,789	49,818	48,846	48,026
Revenue Growth (YoY)	8.91%	5.30%	0.47%	-5.34%	-8.72%	-5.61%	0.85%	7.66%	10.99%	10.55%	6.43%	3.13%	2.95%	3.49%	5.60%	7.34%	5.65%	1.05%	-3.42%	-6.84%
Cost of Revenue	20,282	19,864	19,332	18,890	18,584	18,975	19,569	20,479	21,070	21,245	20,867	20,242	19,748	19,309	19,014	18,918	18,423	17,924	17,612	17,206
Gross Profit	37,414	36,790	36,291	35,286	34,392	34,828	35,795	36,754	36,964	35,753	34,030	32,919	32,541	32,248	32,567	32,631	32,366	31,894	31,234	30,820
Selling, General & Admin	14,009	13,946	14,108	13,806	13,464	13,073	12,638	12,642	12,527	12,332	11,915	11,471	11,297	11,137	11,257	11,437	11,401	11,365	11,116	10,861
Research & Development	9,414	9,300	9,099	8,712	8,356	7,983	7,757	7,771	7,683	7,551	7,280	7,026	6,841	6,774	6,805	6,794	6,651	6,549	6,401	6,250
Amortization of Goodwill & Intangibles	994	1,028	1,042	1,095	896	698	500	273	278	282	285	292	300	313	319	303	263	215	169	142
Operating Expenses	24,417	24,274	24,249	23,613	22,716	21,754	20,895	20,686	20,488	20,165	19,480	18,789	18,438	18,224	18,381	18,534	18,315	18,129	17,686	17,253
Operating Income	12,997	12,516	12,042	11,673	11,676	13,074	14,900	16,068	16,476	15,588	14,550	14,130	14,103	14,024	14,186	14,097	14,051	13,765	13,548	13,567
Interest Expense	-1,525	-1,593	-1,643	-1,597	-1,313	-1,006	-699	-451	-438	-427	-409	-390	-371	-360	-365	-386	-411	-434	-455	-474
Interest & Investment Income	937	1,001	1,044	1,205	1,291	1,365	1,407	1,258	1,153	962	779	632	524	476	477	515	565	618	675	740
Currency Exchange Gain (Loss)	88	102	67	-180	-64	-162	-182	-144	-57	1	-60	-113	-289	-237	-188	-101	-32	2	86	51
Other Non Operating Income (Expenses)	-240	-252	-273	14	-96	20	105	61	-27	-85	-31	46	234	163	119	-20	-89	-102	-184	-171
EBT Excluding Unusual Items	12,257	11,774	11,237	11,115	11,494	13,291	15,531	16,792	17,107	16,039	14,829	14,305	14,201	14,066	14,229	14,105	14,084	13,849	13,670	13,713
Merger & Restructuring Charges	-232	-756	-751	-1,393	-1,413	-893	-1,084	-497	-709	-557	-338	-254	-32	-55	-76	-132	-350	-932	-1,043	-1,113
Gain (Loss) on Sale of Investments	199	82	11	63	-22	-164	-138	-264	-113	-164	-228	56	126	466	643	613	504	345	206	86
Pretax Income	12,224	11,100	10,497	9,785	10,059	12,234	14,309	16,031	16,285	15,318	14,263	14,107	14,295	14,477	14,796	14,586	14,238	13,262	12,833	12,686
Income Tax Expense	1,895	920	705	598	666	1,914	2,193	2,589	2,704	2,705	2,793	2,805	2,793	2,665	2,790	2,761	2,841	2,671	2,615	2,557
Net Income	10,329	10,180	9,792	9,187	9,393	10,320	12,116	13,442	13,581	12,613	11,470	11,302	11,502	11,812	12,006	11,825	11,397	10,591	10,218	10,129
Net Income to Common	10,329	10,180	9,792	9,187	9,393	10,320	12,116	13,442	13,581	12,613	11,470	11,302	11,502	11,812	12,006	11,825	11,397	10,591	10,218	10,129
Net Income Growth	9.96%	-1.36%	-19.18%	-31.66%	-30.84%	-18.18%	5.63%	18.93%	18.07%	6.78%	-4.46%	-4.42%	0.92%	11.53%	17.50%	16.74%	8.94%	-5.56%	-5.25%	-8.37%
Shares Outstanding (Basic)	3,968	3,976	3,991	4,008	4,026	4,043	4,056	4,069	4,080	4,093	4,107	4,122	4,143	4,170	4,192	4,209	4,219	4,222	4,225	4,228
Shares Outstanding (Diluted)	3,993	3,998	4,012	4,027	4,044	4,062	4,075	4,087	4,098	4,105	4,122	4,139	4,160	4,192	4,211	4,228	4,236	4,236	4,238	4,241
Shares Change (YoY)	-1.25%	-1.58%	-1.55%	-1.48%	-1.32%	-1.05%	-1.15%	-1.24%	-1.50%	-2.08%	-2.11%	-2.10%	-1.78%	-1.04%	-0.64%	-0.32%	-0.26%	-0.42%	-0.62%	-1.53%
EPS (Basic)	2.60	2.56	2.45	2.29	2.33	2.55	2.99	3.30	3.33	3.08	2.79	2.74	2.78	2.83	2.86	2.81	2.70	2.51	2.42	2.40
EPS (Diluted)	2.59	2.55	2.45	2.28	2.33	2.54	2.96	3.29	3.31	3.07	2.79	2.73	2.77	2.82	2.85	2.80	2.69	2.50	2.42	2.39
EPS Growth	11.30%	0.39%	-17.33%	-30.84%	-29.70%	-17.26%	6.18%	20.54%	19.47%	8.87%	-2.12%	-2.49%	2.99%	12.80%	17.84%	17.17%	8.92%	-5.30%	-4.11%	-6.79%
Free Cash Flow	12,733	13,288	12,803	12,810	11,417	10,210	12,411	13,557	17,488	19,037	16,842	15,448	13,230	12,749	13,553	13,706	14,142	14,762	14,014	14,372
Free Cash Flow Per Share	3.19	3.32	3.19	3.18	2.82	2.51	3.05	3.32	4.27	4.64	4.09	3.73	3.18	3.04	3.22	3.24	3.34	3.48	3.31	3.39
Dividend Per Share	1.630	1.620	1.610	1.600	1.590	1.580	1.570	1.560	1.550	1.540	1.530	1.520	1.510	1.500	1.490	1.480	1.470	1.460	1.450	1.440
Dividend Growth	2.52%	2.53%	2.55%	2.56%	2.58%	2.60%	2.61%	2.63%	2.65%	2.67%	2.69%	2.70%	2.72%	2.74%	2.76%	2.78%	2.80%	2.82%	2.84%	2.86%
Gross Margin	64.85%	64.94%	65.25%	65.13%	64.92%	64.73%	64.65%	64.22%	63.69%	62.73%	61.99%	61.92%	62.23%	62.55%	63.14%	63.30%	63.73%	64.02%	63.94%	64.17%
Operating Margin	22.53%	22.09%	21.65%	21.55%	22.04%	24.30%	26.91%	28.07%	28.39%	27.35%	26.50%	26.58%	26.97%	27.20%	27.50%	27.35%	27.66%	27.63%	27.74%	28.25%
Profit Margin	17.90%	17.97%	17.60%	16.96%	17.73%	19.18%	21.88%	23.49%	23.40%	22.13%	20.89%	21.26%	22.00%	22.91%	23.28%	22.94%	22.44%	21.26%	20.92%	21.09%
Free Cash Flow Margin	22.07%	23.46%	23.02%	23.64%	21.55%	18.98%	22.42%	23.69%	30.13%	33.40%	30.68%	29.06%	25.30%	24.73%	26.27%	26.59%	27.84%	29.63%	28.69%	29.93%
EBITDA	15,676	15,378	14,742	14,589	14,272	15,282	16,911	17,669	18,093	17,219	16,204	15,811	15,862	15,901	16,071	15,990	15,864	15,496	15,257	15,236
EBITDA Margin	27.17%	27.14%	26.50%	26.93%	26.94%	28.40%	30.55%	30.87%	31.18%	30.21%	29.52%	29.74%	30.34%	30.84%	31.16%	31.02%	31.24%	31.11%	31.24%	31.72%
D&A For EBITDA	2,679	2,862	2,700	2,916	2,596	2,208	2,011	1,601	1,617	1,631	1,654	1,681	1,759	1,877	1,885	1,893	1,813	1,731	1,709	1,669
EBIT	12,997	12,516	12,042	11,673	11,676	13,074	14,900	16,068	16,476	15,588	14,550	14,130	14,103	14,024	14,186	14,097	14,051	13,765	13,548	13,567
EBIT Margin	22.53%	22.09%	21.65%	21.55%	22.04%	24.30%	26.91%	28.07%	28.39%	27.35%	26.50%	26.58%	26.97%	27.20%	27.50%	27.35%	27.66%	27.63%	27.74%	28.25%
Effective Tax Rate	15.50%	8.29%	6.72%	6.11%	6.62%	15.65%	15.33%	16.15%	16.60%	17.66%	19.58%	19.88%	19.54%	18.41%	18.86%	18.93%	19.95%	20.14%	20.38%	20.16%
Revenue as Reported	57,696	56,654	55,623	54,176	52,976	53,803	55,364	57,233	58,034	56,998	54,897	53,161	52,289	51,557	51,581	51,549	50,789	49,818	48,846	48,026
Advertising Expenses	-	186	-	-	-	210	-	-	-	205	-	-	-	219	-	-	-	268	-	-

Updated Nov 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q