CiscoCSCOEarnings & Financial Report
Cisco Systems, Inc. is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products.
Revenue
$14.7B
Gross Profit
$9.3B
Operating Profit
$3.1B
Net Profit
$2.5B
Gross Margin
63.2%
Operating Margin
21.0%
Net Margin
17.4%
YoY Growth
7.6%
EPS
$0.64
Cisco Q4 FY2025 Financial Summary
Cisco reported revenue of $14.7B (up 7.6% YoY) for Q4 FY2025, with a net profit of $2.5B (up 17.9% YoY) (17.4% margin). Cost of goods sold was $5.4B, operating expenses totaled $6.2B.
Key Financial Metrics
| Total Revenue | $14.7B |
|---|---|
| Net Profit | $2.5B |
| Gross Margin | 63.2% |
| Operating Margin | 21.0% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Cisco Q4 FY2025 revenue of $14.7B breaks down across 5 segments, led by Networking at $7.8B (52.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Networking | $7.8B | 52.9% |
| Subscription Revenue Service | $3.5B | 23.9% |
| Security | $2.0B | 13.5% |
| Collaboration | $1.1B | 7.2% |
| Observability | $274.0M | 1.9% |
Cisco Revenue by Segment — Quarterly Trend
Cisco revenue by segment across the last 4 reported quarters, showing how each business line (such as Networking and Subscription Revenue Service) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Networking | $8.3B | — | $7.8B | — |
| Subscription Revenue Service | — | $3.4B | $3.5B | — |
| Security | $2.0B | $2.0B | $2.0B | $2.0B |
| Collaboration | $1.1B | $1.1B | $1.1B | $1.0B |
| Observability | $277.0M | $277.0M | $274.0M | $259.0M |
Cisco Annual Revenue by Year
Cisco annual revenue history includes year-by-year totals (for example, 2025 revenue was $56.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $56.7B |
| 2024 | $53.8B |
Cisco Quarterly Revenue & Net Profit History
Cisco results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $15.3B | +9.7% | $3.2B | 20.7% |
| Q1 FY2026 | $14.9B | +7.5% | $2.9B | 19.2% |
| Q4 FY2025 | $14.7B | +7.6% | $2.5B | 17.4% |
| Q3 FY2025 | $14.1B | +11.4% | $2.5B | 17.6% |
| Q2 FY2025 | $14.0B | +9.4% | $2.4B | 17.4% |
| Q1 FY2025 | $13.8B | -5.6% | $2.7B | 19.6% |
| Q4 FY2024 | $13.6B | -10.3% | $2.2B | 15.8% |
| Q3 FY2024 | $12.7B | -12.8% | $1.9B | 14.8% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.70B | $13.64B | $13.84B | $13.99B | $14.15B | $14.67B | $14.88B | $15.35B |
| YoY Growth | -12.8% | -10.3% | -5.6% | 9.4% | 11.4% | 7.6% | 7.5% | 9.7% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $123.00B | $124.41B | $123.33B | $121.38B | $119.78B | $122.29B | $121.10B | $123.37B |
| Liabilities | $77.23B | $78.96B | $78.06B | $75.84B | $73.85B | $75.45B | $74.23B | $75.65B |
| Equity | $45.77B | $45.46B | $45.28B | $45.53B | $45.94B | $46.84B | $46.87B | $47.72B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $3.97B | $3.73B | $3.66B | $2.24B | $4.06B | $4.23B | $3.21B | $1.82B |