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Cisco Systems, Inc.

CSCO Technology Communication Equipment

Cisco Systems, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $63.3 billion, up 11.8% from fiscal 2025.

Revenue
+17.6%
EPS
+52.2%
Free cash flow
+24.4%
Total debt
−15.3%

Quarter to July 2026, against a year earlier

104.51 4.08 −3.76%
Market cap
$428.1B
P/E
31.2×
Fwd P/E
25.5×
Dividend yield
1.60%
F-score
7/9
Altman Z
4.34
Beneish M
−2.38
Dividend safety
77/100
Overview Business Profile Earnings & Analysis
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Cisco Systems, Inc. (CSCO) Operating margin

Alert me on Operating margin

Cisco Systems, Inc.'s operating margin over the twelve months to 31 July 2026 was 24.3%. Over the past ten years it has ranged from 20.8% (fiscal 2025) to 27.6% (fiscal 2020); the current reading is higher than 33% of that period. That is above the Communication Equipment industry median of 2.43% and above the Technology sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 24.3% 3.51
FY2025 20.8% (1.88)
FY2024 22.6% (3.73)
FY2023 26.4% (0.72)
FY2022 27.1% 1.33
FY2021 25.8% (1.87)
FY2020 27.6% 0.24
FY2019 27.4% 2.44
FY2018 25.0% 0.01
FY2017 24.9% (0.77)

Quarterly newest first

Period Operating margin Change (points)
Jul 2026 24.7% (0.28)
Apr 2026 25.0% 0.37
Jan 2026 24.6% 2.03
Oct 2025 22.6% 1.56
43 more quarters

Against its own ten years

Low 20.8% High 27.6%
Ten-year median 25.3%
Current reading's percentile 21

Operating margin against peers

Company Operating margin
UI Ubiquiti Inc. compare 36.2%
MSI Motorola Solutions, Inc. compare 24.9%
CSCO Cisco Systems, Inc. 24.3%
LITE Lumentum Holdings Inc. compare 17.4%
ZBRA Zebra Technologies Corporation compare 14.7%
ERIC Ericsson compare 14.5%
CIEN Ciena Corporation compare 12.3%
HPE Hewlett Packard Enterprise Company compare 6.21%
NOK Nokia Corporation compare 4.14%
Communication Equipment industry median 2.43%
Technology sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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