Cisco Systems, Inc. (CSCO) Income Statement
CSCO FY2026 at a glance
Fiscal year ended July 31, 2026 · U.S. dollarsCSCO revenue and net income
Where CSCO's revenue goes
FY2026Each bar shows an amount and its share of revenue. CSCO kept 21.0% of revenue as net income.
CSCO profit margins
CSCO growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.8% | +3.6% | +4.9% | +2.5% |
| Gross profit | +11.1% | +4.6% | +5.1% | +2.8% |
| Operating income | +30.7% | +0.7% | +3.7% | +2.0% |
| Net income | +30.3% | +1.7% | +4.6% | +2.1% |
| EPS (diluted) | +10.0% | +2.5% | +5.4% | +5.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CSCO quarterly EPS vs estimates
Cisco beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 11, 2026 (estimate $1.15).
CSCO income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $63.33B | $56.65B | $53.80B | $57.00B | $51.56B | $49.82B | $49.30B | $51.90B | $49.33B | $48.01B |
| Cost of revenue | $22.46B | $19.86B | $18.98B | $21.25B | $19.31B | $17.92B | $17.62B | $19.24B | $18.72B | $17.78B |
| Gross profit | $40.86B | $36.79B | $34.83B | $35.75B | $32.25B | $31.89B | $31.68B | $32.67B | $30.61B | $30.22B |
| Research & development | $9.56B | $9.30B | $7.98B | $7.55B | $6.77B | $6.55B | $6.35B | $6.58B | $6.33B | $6.06B |
| Sales, general & admin | $14.32B | $13.95B | $13.18B | $12.36B | $11.19B | $11.41B | $11.09B | $11.40B | $11.39B | $11.18B |
| Total operating expenses | $25.49B | $25.03B | $22.65B | $20.72B | $18.28B | $19.06B | $18.06B | $18.45B | $18.30B | $18.25B |
| Operating income | $15.37B | $11.76B | $12.18B | $15.03B | $13.97B | $12.83B | $13.62B | $14.22B | $12.31B | $11.97B |
| Interest income | $866.0M | $1.00B | $1.36B | $962.0M | $476.0M | $618.0M | $920.0M | $1.31B | $1.51B | $1.34B |
| Interest expense | $1.47B | $1.59B | $1.01B | $427.0M | $360.0M | $434.0M | $585.0M | $859.0M | $943.0M | $861.0M |
| Income before taxes | $16.01B | $11.10B | $12.23B | $15.32B | $14.48B | $13.26B | $13.97B | $14.57B | $13.04B | $12.29B |
| Income taxes | $2.74B | $920.0M | $1.91B | $2.71B | $2.67B | $2.67B | $2.76B | $2.95B | $12.93B | $2.68B |
| Net income | $13.27B | $10.18B | $10.32B | $12.61B | $11.81B | $10.59B | $11.21B | $11.62B | $110.0M | $9.61B |
| EBITDA | $20.02B | $15.38B | $15.75B | $17.47B | $16.79B | $15.56B | $16.36B | $17.33B | $16.17B | $15.38B |
| EPS (diluted) | $4.18 | $3.80 | $3.73 | $3.88 | $3.36 | $3.22 | $3.20 | $3.09 | $2.60 | $2.39 |
| Gross margin | 64.5% | 64.9% | 64.7% | 62.7% | 62.5% | 64.0% | 64.3% | 62.9% | 62.0% | 63.0% |
| Operating margin | 24.3% | 20.8% | 22.6% | 26.4% | 27.1% | 25.8% | 27.6% | 27.4% | 25.0% | 24.9% |
| Net margin | 21.0% | 18.0% | 19.2% | 22.1% | 22.9% | 21.3% | 22.7% | 22.4% | 0.2% | 20.0% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.25B | $15.84B | $15.35B | $14.88B | $14.67B | $14.15B | $13.99B | $13.84B | $13.64B | $12.70B | $12.79B | $14.67B |
| Cost of revenue | $6.19B | $5.76B | $5.38B | $5.14B | $5.39B | $4.87B | $4.88B | $4.72B | $4.86B | $4.43B | $4.57B | $5.11B |
| Gross profit | $11.06B | $10.08B | $9.97B | $9.74B | $9.28B | $9.28B | $9.11B | $9.12B | $8.78B | $8.27B | $8.22B | $9.56B |
| Research & development | $2.43B | $2.38B | $2.35B | $2.40B | $2.38B | $2.33B | $2.30B | $2.29B | $2.18B | $1.95B | $1.94B | $1.91B |
| Sales, general & admin | $3.63B | $3.52B | $3.57B | $3.60B | $3.52B | $3.46B | $3.42B | $3.55B | $3.60B | $3.29B | $3.10B | $3.18B |
| Total operating expenses | $6.80B | $6.12B | $6.19B | $6.38B | $6.19B | $6.08B | $6.00B | $6.76B | $6.16B | $6.08B | $5.12B | $5.28B |
| Operating income | $4.26B | $3.96B | $3.78B | $3.36B | $3.09B | $3.20B | $3.11B | $2.36B | $2.62B | $2.19B | $3.10B | $4.28B |
| Interest income | $220.0M | $214.0M | $160.0M | $222.0M | $227.0M | $250.0M | $238.0M | $286.0M | $270.0M | $411.0M | $324.0M | $360.0M |
| Interest expense | $373.0M | $377.0M | $370.0M | $350.0M | $368.0M | $403.0M | $404.0M | $418.0M | $418.0M | $357.0M | $120.0M | $111.0M |
| Income before taxes | $4.93B | $4.04B | $3.65B | $3.39B | $3.00B | $2.95B | $2.89B | $2.27B | $2.40B | $2.23B | $3.16B | $4.44B |
| Income taxes | $1.07B | $666.0M | $471.0M | $531.0M | $449.0M | $456.0M | $459.0M | −$444.0M | $234.0M | $349.0M | $527.0M | $804.0M |
| Net income | $3.86B | $3.37B | $3.17B | $2.86B | $2.55B | $2.49B | $2.43B | $2.71B | $2.16B | $1.89B | $2.63B | $3.64B |
| EBITDA | $5.95B | $5.04B | $4.67B | $4.35B | $4.00B | $3.98B | $4.05B | $3.47B | $3.64B | $3.45B | $3.70B | $4.95B |
| EPS (diluted) | $1.08 | $1.06 | $1.04 | $1.00 | $0.99 | $0.96 | $0.94 | $0.91 | $0.87 | $0.88 | $0.87 | $1.11 |
| Gross margin | 64.1% | 63.6% | 65.0% | 65.5% | 63.2% | 65.6% | 65.1% | 65.9% | 64.4% | 65.1% | 64.2% | 65.2% |
| Operating margin | 24.7% | 25.0% | 24.6% | 22.6% | 21.0% | 22.6% | 22.3% | 17.0% | 19.2% | 17.2% | 24.2% | 29.2% |
| Net margin | 22.4% | 21.3% | 20.7% | 19.2% | 17.4% | 17.6% | 17.4% | 19.6% | 15.8% | 14.8% | 20.6% | 24.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CSCO's financial statements (latest annual report filed September 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CSCO financial results
In fiscal year 2026 (ended July 31, 2026), Cisco reported revenue of $63.3 billion, up 11.8% from the year before. It had net income of $13.3 billion (up 30.3%), a net profit margin of 21.0%. Diluted earnings per share came to $4.18. Over five years revenue grew at an average rate of 4.9% a year.
See the CSCO stock overview for the latest quote and news, or the CSCO chart for price history and technical indicators.
CSCO income statement FAQ
What is Cisco's annual revenue?
Cisco reported total revenue of $63.3 billion for fiscal year 2026, which ended on July 31, 2026. That was up 11.8% from $56.7 billion the previous year.
Is Cisco profitable?
Yes. Cisco reported net income of $13.3 billion in fiscal 2026, a net profit margin of 21.0%; its operating margin was 24.3%.
What is Cisco's gross margin?
Cisco's gross margin was 64.5% in fiscal 2026: for every $100 of revenue, Cisco kept $65 after the direct cost of its products and services.
How much does Cisco spend on research and development?
Cisco spent $9.6 billion on research and development in fiscal 2026, 15.1% of revenue.
How fast is Cisco growing?
Revenue grew 4.9% a year on average over the last five fiscal years, from $49.8 billion to $63.3 billion.
What are Cisco's earnings per share?
Cisco earned $4.18 per diluted share in fiscal 2026, compared with $3.80 a year earlier.
When will Cisco report its next earnings?
Cisco is expected to report results for the quarter ending October 31, 2026 on November 11, 2026.
When does Cisco's fiscal year end?
Cisco's fiscal year ends in July. The latest annual report covers the year ended July 31, 2026 and was filed on September 2, 2026.