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Cisco Systems, Inc.

Cisco Systems, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $63.3 billion, up 11.8% from fiscal 2025. In the quarter to July 2026, revenue grew 17.6%, EPS grew 38.0%, free cash flow grew 24.4% and total debt fell 15.3%, each against the same quarter a year earlier. Member of the S&P 500, Nasdaq 100 and Dow Jones; dividend growth for ten consecutive years.

115.41 2.98 −2.52%

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Market cap: $466.8B
P/E: 35.3×
Fwd P/E: 32.5×
Dividend yield: 1.41%
F-score: 7/9
Altman Z: 4.34
Beneish M: −2.38
Dividend safety: 77/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 105.78

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	8	4	—	5	5	—	5	3	—	6	4	—

Insider Ownership 0.58%

Capital & Financial Ratios $m

Market Cap 466,760.00

Revenue 63,325.00

Net Income 13,267.00

Free Cash Flow 12,767.00

Net Debt 3,454.00

Current Ratio 0.93

Debt/Equity 0.39

P/E ratio 35.34

Fwd P/E 32.50

P/S ratio 7.39

P/B ratio 9.31

Past 5Y EPS Growth 5.90%

This Y EPS Growth 17.78%

Next Y EPS Growth 8.74%

Next Y revenue growth 15.55%

Next 5Y EPS Growth 11.59%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 92.80%

10-year low 10-year high

P/S against its own 10 years 98.19%

10-year low 10-year high

P/B against its own 10 years 98.41%

10-year low 10-year high

EV/Sales against its own 10 years 98.19%

10-year low 10-year high

EV/FCF against its own 10 years 97.78%

10-year low 10-year high

Dividends

Payout Ratio 0.50

Annual Dividend Rate 1.67

Annual Dividend Yield 1.41%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	1.67	0.41 0.42 0.42 0.42
2025	1.63	0.40 0.41 0.41 0.41
2024	1.59	0.39 0.40 0.40 0.40
2023	1.55	0.38 0.39 0.39 0.39
2022	1.51	0.37 0.38 0.38 0.38
2021	1.47	0.36 0.37 0.37 0.37
2020	1.43	0.35 0.36 0.36 0.36
2019	1.38	0.33 0.35 0.35 0.35
2018	1.28	0.29 0.33 0.33 0.33
2017	1.13	0.26 0.29 0.29 0.29
2016	0.99	0.21 0.26 0.26 0.26

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	2026
Cash	26,146	17,854	16,110	15,918
Receivables	5,854	6,685	6,701	7,470
Inventory	3,644	3,373	3,164	5,694
Other	4,352	5,612	5,950	6,191
	43,348	36,862	34,986	38,665

	2023	2024	2025	2026
Payables	2,313	2,304	2,528	3,366
ST’ Debt	—	—	—	—
Other	5,136	5,643	5,420	6,763
	31,309	40,584	35,064	41,525

Compound Annual Growth %

	10y	5y	3y
Sales	2.55%	4.92%	3.57%
Cash Flow	0.44%	(1.71%)	(10.67%)
Earnings	2.14%	4.61%	1.70%
Book Value	(2.32%)	4.03%	4.27%

Revenue $m

	Oct	Jan	Apr	Jul	Year
’26	—	—	—	—	—
’26	14,883	15,349	15,841	17,252	63,325
’25	13,841	13,991	14,149	14,673	56,654
’24	14,668	12,791	12,702	13,642	53,803
’23	13,632	13,592	14,571	15,203	56,998
’22	12,900	12,720	12,835	13,102	51,557
’21	11,929	11,960	12,803	13,126	49,818

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Oct	Jan	Apr	Jul	Year
’26	—	—	—	—	—
’26	3,212	1,822	3,757	5,386	14,177
’25	3,661	2,241	4,057	4,234	14,193
’24	2,371	808	3,971	3,730	10,880
’23	3,962	4,739	5,219	5,966	19,886
’22	3,427	2,461	3,661	3,677	13,226
’21	4,096	2,974	3,880	4,504	15,454

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Oct	Jan	Apr	Jul	Year
’26	—	—	—	—	—
’26	2,889	1,539	3,343	4,996	12,767
’25	3,444	2,031	3,796	4,017	13,288
’24	2,237	638	3,803	3,532	10,210
’23	3,786	4,569	4,949	5,733	19,037
’22	3,306	2,355	3,556	3,532	12,749
’21	3,929	2,792	3,713	4,356	14,790

Fiscal quarters ending in the months shown.

EPS $

	Oct	Jan	Apr	Jul	Year
’26	—	—	—	—	—
’26	0.72	0.80	0.85	0.97	3.33
’25	0.68	0.61	0.62	0.71	2.61
’24	0.89	0.65	0.46	0.54	2.54
’23	0.65	0.67	0.78	0.97	3.07
’22	0.70	0.71	0.73	0.68	2.82
’21	0.51	0.60	0.68	0.71	2.50

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	29.80	37.35	40.96	32.40	43.35	38.60	45.56	44.50	52.11	72.80	Analyst estimates 2027–2029 Powerpack
	High	38.99	49.47	58.26	50.28	64.29	63.35	58.19	60.23	80.82	130.37
People
People	Employees	72,900	74,200	75,900	77,500	79,500	26,000	84,900	90,400	86,200	82,400
	Revenue/emp, $m	0.66	0.66	0.68	0.64	0.63	1.98	0.67	0.60	0.66	0.77
Income, $m
Income, $m	Revenue	48,005	49,330	51,904	49,301	49,818	51,557	56,998	53,803	56,654	63,325
	Gross margin, %	62.96	62.04	62.94	64.26	64.02	62.55	62.73	64.73	64.94	64.52
	EBT	12,287	13,039	14,571	13,970	13,262	14,477	15,318	12,234	11,100	16,009
	EBT margin, %	25.60	26.43	28.07	28.34	26.62	28.08	26.87	22.74	19.59	25.28
	Net income	9,609	110	11,621	11,214	10,591	11,812	12,613	10,320	10,180	13,267
	Depreciation	2,286	2,192	1,897	1,808	1,862	1,957	1,726	2,507	2,811	2,540
Per share, $
Per share, $	Revenue	9.58	10.20	11.75	11.64	11.80	12.36	13.93	13.31	14.25	16.02
	Earnings	1.92	0.02	2.63	2.65	2.51	2.83	3.08	2.55	2.63	3.36
	Cash flow	2.77	2.83	3.58	3.64	3.66	3.17	4.86	2.69	3.57	3.59
	Capex	(0.19)	(0.16)	(0.20)	(0.14)	(0.16)	(0.11)	(0.21)	(0.17)	(0.23)	(0.36)
	Free cash flow	2.58	2.67	3.38	3.50	3.50	3.06	4.65	2.53	3.34	3.23
	Book value	13.20	8.93	7.60	8.95	9.78	9.54	10.84	11.24	11.78	12.72
	Shares, m	5,010	4,837	4,419	4,236	4,222	4,170	4,093	4,043	3,976	3,953
Valuation, ×
Valuation, ×	P/E	16.38	604.14	21.06	17.77	22.18	16.00	16.84	18.93	25.89	34.62
	P/S	3.28	4.15	4.72	4.05	4.70	3.66	3.74	3.64	4.78	7.24
	P/B	2.38	4.73	7.29	5.26	5.67	4.75	4.80	4.31	5.78	9.12
	EV/Sales	2.35	3.62	4.35	3.69	4.39	3.45	3.40	3.67	4.90	7.30
	EV/FCF	8.73	13.83	15.11	12.25	14.78	13.96	10.17	19.36	20.88	36.18
Cash, $m
Cash, $m	Operating cash flow	13,876	13,666	15,831	15,426	15,454	13,226	19,886	10,880	14,193	14,177
	Capex	(957)	(775)	(887)	(591)	(664)	(477)	(849)	(670)	(905)	(1,410)
	Free cash flow	12,919	12,891	14,944	14,835	14,790	12,749	19,037	10,210	13,288	12,767
Balance, $m
Balance, $m	Working capital	56,120	34,802	16,043	18,242	12,855	11,077	12,039	(3,722)	(78)	(2,860)
	Total debt	25,725	20,331	14,475	11,578	9,018	8,416	6,658	19,621	22,861	19,372
	Net debt	(44,767)	(26,217)	(18,938)	(17,841)	(15,500)	(10,851)	(19,488)	1,767	6,751	3,454
	Shareholders’ equity	66,137	43,204	33,571	37,920	41,275	39,773	44,353	45,457	46,843	50,285
Returns, %
Returns, %	ROA	7.64	0.09	11.25	11.64	11.01	12.34	12.88	9.12	8.25	10.53
	ROIC	35.02	45.29	60.73	42.40	31.12	30.19	37.78	16.12	13.71	17.87
	ROE	14.81	0.20	30.27	31.37	26.75	29.15	29.99	22.98	22.06	27.32

Negative figures in brackets.

All 10 years →

Fiscal years to Jul 2026 · latest quarter Jul 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CSCO Cisco Systems, Inc.	$453.0B	35.3×	32.5×	+17.58% (above 0%: growing)	+38.03% (above 0%: growing)	+24.37% (above 0%: growing)	64.13%	24.72%
LITE Lumentum Holdings Inc.	$95.0B	— (loss-making)	54.3×	+109.34% (above 0%: growing)	n/m	+1,870.30% (above 0%: growing)	47.43%	27.76%	Compare
HPE Hewlett Packard Enterprise Company	$94.3B	36.5×	22.3×	+33.68% (above 0%: growing)	+438.10% (above 0%: growing)	+20.63% (above 0%: growing)	40.11%	11.41%	Compare
MSI Motorola Solutions, Inc.	$74.0B	34.6×	30.9×	+13.31% (above 0%: growing)	+9.09% (above 0%: growing)	+84.00% (above 0%: growing)	53.56%	25.82%	Compare
CIEN Ciena Corporation	$60.4B	97.4×	94.0×	+37.05% (above 0%: growing)	+437.14% (above 0%: growing)	−13.59% (below 0%: shrinking)	45.43%	18.02%	Compare
NOK Nokia Corporation	$56.8B	5.6×	—	+8.48% (above 0%: growing)	n/m	−624.57% (below 0%: shrinking)	44.57%	(1.04%)	Compare
UI Ubiquiti Inc.	$38.9B	41.4×	30.7×	+23.47% (above 0%: growing)	+6.80% (above 0%: growing)	+134.17% (above 0%: growing)	45.80%	36.27%	Compare
ERIC Ericsson	$28.9B	12.3×	—	−3.14% (below 0%: shrinking)	−7.14% (below 0%: shrinking)	−89.23% (below 0%: shrinking)	45.78%	11.24%	Compare
ASTS AST SpaceMobile, Inc.	$22.2B	— (loss-making)	— (loss-making)	+2,626.64% (above 0%: growing)	n/m	−103.37% (below 0%: shrinking)	25.23%	(944.09%)	Compare
Median of peers	$58.6B	35.6×	30.9×	+28.58%	+9.09%	+3.52%	45.60%	14.72%

All 47 Communication Equipment stocks →

Cisco Systems, Inc. (CSCO) key facts

Strength: Cisco Systems, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $63.3 billion, up 11.8% from fiscal 2025.
Cisco Systems, Inc. (CSCO) is a Communication Equipment company in the Technology sector, listed on Nasdaq.
As of October 12, 2026, CSCO traded at $115.22, a market capitalization of $466.8 billion.
Cisco Systems, Inc. pays an annual dividend of $1.67 per share, a yield of 1.41%, with a payout ratio of 50.0%.
Return on equity was 27.3% and debt-to-equity 0.39.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 4.34 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Financial Analysis (summary)

Updated 25 September 2026

Cisco Systems reported revenue of $63.3 billion in FY2026 and net income of $13.3 billion in FY2026. Revenue growth was 11.8% in FY2026 against FY2025, while diluted EPS growth was 27.6% in FY2026 against FY2025. Free cash flow was $12.8 billion in FY2026.

In Q4 FY2026, revenue was $17.3 billion, operating income was $4.3 billion and diluted EPS was $0.97. At Q4 FY2026, total debt was $19.4 billion, cash and short-term investments were $15.9 billion, and net debt was $3.5 billion.

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