What is Cisco Systems, Inc.'s earnings per share (EPS)?

Cisco Systems, Inc. (CSCO) reported diluted earnings per share of $3.33 for fiscal year 2026. This represents a 30.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Cisco Systems (CSCO) Financials

CSCO NASDAQ

FY2026 annual

Revenue $63.3B +11.8% YoY

Net Income $13.3B +30.3% YoY

EPS (Diluted) $3.33 +30.6% YoY

Free Cash Flow $12.8B -3.9% YoY

Market Cap $434.6B as of Oct 26, 2026

Price / Sales 6.9x on $63.3B revenue, FY2026

Price / Earnings 32.8x on $13.3B net income, FY2026

Price / Book 8.6x on $50.3B equity, Q4 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jul 25, 2026 Reported Sep 2, 2026 Currency USD FYE July

Newest figures come from the 10-K for FY2026, filed Sep 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CSCO SEC filings page.

Cisco Systems, Inc. (CSCO) reported $63.3B in revenue for fiscal year 2026, up 11.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CSCO FY2026 2026-10-25

Cisco’s FY2026 growth reached operating profit, but rising inventory and investment kept cash generation nearly flat.

The unusual split is between earnings and cash: net income rose 30.3% in FY2026 while operating cash flow barely moved, as inventory rose 80.0%. That combination suggests growth consumed working capital rather than converting cleanly into cash, while capital expenditures rose 55.8% and free cash flow fell 3.9%.

Revenue grew 11.8% to $63.3B, while operating income reached $15.4B, up 30.7%. With SG&A up only 2.6%, the 3.5-percentage-point operating-margin expansion indicates fixed-cost absorption rather than growth simply passing through unchanged.

Long-term debt fell 15.3%, but current liabilities rose 18.4%. The 0.9x current ratio and inventory rising 80.0% point to a balance sheet increasingly occupied by short-term operating needs, not merely a debt-reduction story.

Financial Health Signals

Financial Health Score 64/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Cisco Systems, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Cisco Systems, Inc. has an operating margin of 24.3%, meaning the company retains $24 of operating profit per $100 of revenue. This strong profitability earns a score of 88/100, reflecting efficient cost management and pricing power. This is up from 20.8% the prior year.

Growth

Cisco Systems, Inc.'s revenue grew 11.8% year-over-year to $63.3B, a solid pace of expansion. This earns a growth score of 61/100.

Leverage

Cisco Systems, Inc. has a moderate D/E ratio of 0.39. This balance of debt and equity financing earns a leverage score of 52/100.

Liquidity

Cisco Systems, Inc.'s current ratio of 0.93 is below the typical benchmark, resulting in a score of 16/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Cisco Systems, Inc. converts 20.2% of revenue into free cash flow ($12.8B). This strong cash generation earns a score of 87/100.

Returns

Cisco Systems, Inc. earns a strong 26.4% return on equity (ROE), meaning it generates $26 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 82/100. This is up from 21.7% the prior year.

Altman Z-Score Safe

4.16

Cisco Systems, Inc. scores 4.16, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $434.6B against total liabilities of $79.4B. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

7/9

Cisco Systems, Inc. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.

Earnings Quality Cash-Backed

1.07x

For every $1 of reported earnings, Cisco Systems, Inc. generates $1.07 in operating cash flow ($14.2B OCF vs $13.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

10.45x

Cisco Systems, Inc. earns $10.45 in operating income for every $1 of interest expense ($15.4B vs $1.5B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$17.3B

YoY+17.6%

QoQ+8.9%

5Y CAGR+5.6%

10Y CAGR+3.2%

Cisco Systems, Inc. generated $17.3B in revenue in Q4 2026. This represents an increase of 17.6% from the same quarter a year earlier. Against the prior quarter it is up 8.9%.

Net Income

$3.9B

YoY+51.3%

QoQ+14.4%

5Y CAGR+5.1%

10Y CAGR+3.2%

Cisco Systems, Inc. reported $3.9B in net income in Q4 2026. This represents an increase of 51.3% from the same quarter a year earlier. Against the prior quarter it is up 14.4%.

EPS (Diluted)

$0.97

YoY+51.6%

QoQ+14.1%

5Y CAGR+6.4%

10Y CAGR+5.6%

Cisco Systems, Inc. earned $0.97 per diluted share (EPS) in Q4 2026. This represents an increase of 51.6% from the same quarter a year earlier. Against the prior quarter it is up 14.1%.

EBITDA

Not reported for Q4 2026.

Cash & Balance Sheet

Free Cash Flow

$5.0B

YoY+24.4%

QoQ+49.4%

5Y CAGR+2.8%

10Y CAGR+3.5%

Cisco Systems, Inc. generated $5.0B in free cash flow in Q4 2026, representing cash available after capex. This represents an increase of 24.4% from the same quarter a year earlier. Against the prior quarter it is up 49.4%.

Cash & Debt

$7.2B

YoY-13.5%

QoQ+1.9%

5Y CAGR-4.7%

10Y CAGR-0.6%

Cisco Systems, Inc. held $7.2B in cash against $19.4B in long-term debt as of Q4 2026.

Dividends Per Share

$0.42

YoY+2.4%

QoQ0.0%

5Y CAGR+2.6%

10Y CAGR+4.9%

Cisco Systems, Inc. paid $0.42 per share in dividends in Q4 2026. This represents an increase of 2.4% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

3.94B

YoY-0.3%

QoQ0.0%

5Y CAGR-1.3%

10Y CAGR-2.4%

Cisco Systems, Inc. had 3.94B shares outstanding in Q4 2026. This represents a decrease of 0.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Gross Margin

64.1%

YoY+0.9pp

QoQ+0.5pp

5Y change+0.6pp

10Y change+1.0pp

Cisco Systems, Inc.'s gross margin was 64.1% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.

Operating Margin

24.7%

YoY+3.7pp

QoQ-0.3pp

5Y change-2.5pp

10Y change-1.4pp

Cisco Systems, Inc.'s operating margin was 24.7% in Q4 2026, reflecting core business profitability. This is up 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.

Net Margin

22.4%

YoY+5.0pp

QoQ+1.1pp

5Y change-0.5pp

10Y change+0.1pp

Cisco Systems, Inc.'s net profit margin was 22.4% in Q4 2026, showing the share of revenue converted to profit. This is up 5.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Return on Equity

7.7%

YoY+2.2pp

QoQ+0.8pp

5Y change+0.4pp

10Y change+3.3pp

Cisco Systems, Inc.'s quarterly ROE was 7.7% in Q4 2026: one quarter's net income over shareholder equity, not annualized. This is up 2.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Capital Allocation

R&D Spending

$2.4B

YoY+2.1%

QoQ+2.3%

5Y CAGR+7.3%

Cisco Systems, Inc. invested $2.4B in research and development in Q4 2026. This represents an increase of 2.1% from the same quarter a year earlier. Against the prior quarter it is up 2.3%.

Share Buybacks

$1.5B

YoY+19.9%

QoQ+20.1%

5Y CAGR+14.0%

10Y CAGR+7.1%

Cisco Systems, Inc. spent $1.5B on share buybacks in Q4 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 19.9% from the same quarter a year earlier. Against the prior quarter it is up 20.1%.

Capital Expenditures

$390.0M

YoY+79.7%

QoQ-5.8%

5Y CAGR+19.2%

10Y CAGR+3.9%

Cisco Systems, Inc. invested $390.0M in capex in Q4 2026, funding long-term assets and infrastructure. This represents an increase of 79.7% from the same quarter a year earlier. Against the prior quarter it is down 5.8%.

CSCO Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CSCO quarterly income statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$63.3B+11.8%	$56.7B+5.3%	$53.8B-5.6%	$57.0B+10.6%	$51.6B+3.5%	$49.8B+1.0%	$49.3B-5.0%	$51.9B+5.2%	$49.3B+2.8%	$48.0B-2.5%	$49.2B+0.2%	$49.2B+4.3%	$47.1B-3.0%	$48.6B+5.5%	$46.1B
Cost of Revenue	$22.5B+13.1%	$19.9B+4.7%	$19.0B-10.7%	$21.2B+10.0%	$19.3B+7.7%	$17.9B+1.7%	$17.6B-8.4%	$19.2B+2.7%	$18.7B+5.3%	$17.8B-2.8%	$18.3B-6.1%	$19.5B+0.6%	$19.4B+1.1%	$19.2B+7.4%	$17.9B
Gross Profit	$40.9B+11.1%	$36.8B+5.6%	$34.8B-2.6%	$35.8B+10.9%	$32.2B+1.1%	$31.9B+0.7%	$31.7B-3.0%	$32.7B+6.7%	$30.6B+1.3%	$30.2B-2.4%	$31.0B+4.3%	$29.7B+6.9%	$27.8B-5.7%	$29.4B+4.4%	$28.2B
R&D Expenses	$9.6B+2.8%	$9.3B+16.5%	$8.0B+5.7%	$7.6B+11.5%	$6.8B+3.4%	$6.5B+3.2%	$6.3B-3.5%	$6.6B+3.9%	$6.3B+4.5%	$6.1B-3.8%	$6.3B+1.4%	$6.2B-1.4%	$6.3B+5.9%	$5.9B+8.3%	$5.5B
SG&A Expenses	$14.3B+2.6%	$14.0B+5.9%	$13.2B+6.6%	$12.4B+10.5%	$11.2B-2.0%	$11.4B+2.9%	$11.1B-2.7%	$11.4B+0.1%	$11.4B+1.9%	$11.2B-2.2%	$11.4B-3.6%	$11.9B+3.7%	$11.4B-3.1%	$11.8B-1.4%	$12.0B
Operating Income	$15.4B+30.7%	$11.8B-3.5%	$12.2B-19.0%	$15.0B+7.6%	$14.0B+8.9%	$12.8B-5.8%	$13.6B-4.2%	$14.2B+15.5%	$12.3B+2.8%	$12.0B-5.4%	$12.7B+17.5%	$10.8B+15.2%	$9.3B-16.5%	$11.2B+11.2%	$10.1B
EBITDA	$16.1B+29.0%	$12.5B-3.3%	$12.9B-18.1%	$15.7B+6.5%	$14.8B+8.3%	$13.6B-6.1%	$14.5B-4.6%	$15.2B+13.5%	$13.4B+2.6%	$13.1B-4.3%	$13.7B+15.1%	$11.9B+12.6%	$10.5B-14.9%	$12.4B+11.0%	$11.2B
Interest Expense	$1.5B-7.7%	$1.6B+58.3%	$1.0B+135.6%	$427.0M+18.6%	$360.0M-17.1%	$434.0M-25.8%	$585.0M-31.9%	$859.0M-8.9%	$943.0M+9.5%	$861.0M+27.4%	$676.0M+19.4%	$566.0M+0.4%	$564.0M-3.3%	$583.0M-2.2%	$596.0M
Income Tax	$2.7B+198.0%	$920.0M-51.9%	$1.9B-29.2%	$2.7B+1.5%	$2.7B-0.2%	$2.7B-3.1%	$2.8B-6.6%	$3.0B-77.2%	$12.9B+382.8%	$2.7B+22.8%	$2.2B-1.8%	$2.2B+19.2%	$1.9B+49.7%	$1.2B-41.3%	$2.1B
Net Income	$13.3B+30.3%	$10.2B-1.4%	$10.3B-18.2%	$12.6B+6.8%	$11.8B+11.5%	$10.6B-5.6%	$11.2B-3.5%	$11.6B+10464.5%	$110.0M-98.9%	$9.6B-10.5%	$10.7B+19.6%	$9.0B+14.4%	$7.9B-21.3%	$10.0B+24.2%	$8.0B
EPS (Basic)	$3.36+31.2%	$2.56+0.4%	$2.55-17.2%	$3.08+8.8%	$2.83+12.7%	$2.51-5.3%	$2.65+0.8%	$2.63+13050.0%	$0.02-99.0%	$1.92-9.9%	$2.13+21.0%	$1.76+17.3%	$1.50-19.8%	$1.87+24.7%	$1.50
EPS (Diluted)	$3.33+30.6%	$2.55+0.4%	$2.54-17.3%	$3.07+8.9%	$2.82+12.8%	$2.50-5.3%	$2.64+1.1%	$2.61+12950.0%	$0.02-98.9%	$1.90-10.0%	$2.11+20.6%	$1.75+17.4%	$1.49-19.9%	$1.86+24.8%	$1.49
Diluted Shares (Avg)	3.99B-0.3%	4.00B-1.6%	4.06B-1.0%	4.11B-2.1%	4.19B-1.0%	4.24B-0.4%	4.25B-4.5%	4.45B-8.8%	4.88B-3.3%	5.05B-0.8%	5.09B-1.1%	5.15B-2.6%	5.28B-1.8%	5.38B-0.4%	5.40B

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Revenue	$17.3B+17.6%	$15.8B+12.0%	$15.3B+9.7%	$14.9B+7.5%	$14.7B+7.6%	$14.1B+11.4%	$14.0B+9.4%	$13.8B-5.6%
Cost of Revenue	$6.2B+14.8%	$5.8B+18.3%	$5.4B+10.2%	$5.1B+8.9%	$5.4B+10.9%	$4.9B+10.0%	$4.9B+6.7%	$4.7B-7.7%
Gross Profit	$11.1B+19.2%	$10.1B+8.6%	$10.0B+9.5%	$9.7B+6.8%	$9.3B+5.7%	$9.3B+12.1%	$9.1B+10.9%	$9.1B-4.6%
R&D Expenses	$2.4B+2.1%	$2.4B+1.8%	$2.4B+2.4%	$2.4B+5.0%	$2.4B+9.2%	$2.3B+19.9%	$2.3B+18.3%	$2.3B+19.5%
SG&A Expenses	$3.6B+3.0%	$3.5B+1.5%	$3.6B+4.2%	$3.6B+1.6%	$3.5B-2.2%	$3.5B+5.1%	$3.4B+10.5%	$3.5B+11.6%
Operating Income	$4.3B+38.1%	$4.0B+23.7%	$3.8B+21.5%	$3.4B+42.6%	$3.1B+17.9%	$3.2B+46.1%	$3.1B+0.5%	$2.4B-44.9%
Interest Expense	$373.0M+1.4%	$377.0M-6.5%	$370.0M-8.4%	$350.0M-16.3%	$368.0M-12.0%	$403.0M+12.9%	$404.0M+236.7%	$418.0M+276.6%
Income Tax	$1.1B+139.2%	$666.0M+46.1%	$471.0M+2.6%	$531.0Mn/m	$449.0M+91.9%	$456.0M+30.7%	$459.0M-12.9%	-$444.0M-155.2%
Net Income	$3.9B+51.3%	$3.4B+35.4%	$3.2B+30.8%	$2.9B+5.5%	$2.5B+17.9%	$2.5B+32.1%	$2.4B-7.8%	$2.7B-25.5%
EPS (Basic)	$0.98+53.1%	$0.85+34.9%	$0.80+31.1%	$0.72+5.9%	$0.64+18.5%	$0.63+34.0%	$0.61-6.2%	$0.68-24.4%
EPS (Diluted)	$0.97+51.6%	$0.85+37.1%	$0.80+31.1%	$0.72+5.9%	$0.64+18.5%	$0.62+34.8%	$0.61-6.2%	$0.68-23.6%
Diluted Shares (Avg)	N/A	3.98B-0.5%	3.98B-0.5%	3.99B-0.5%	N/A	4.00B-1.4%	4.00B-1.7%	4.01B-1.8%

Not reported in any period shown, so not listed: EBITDA.

CSCO Balance Sheet

CSCO quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$129.6B+6.0%	$122.3B-1.7%	$124.4B+22.2%	$101.9B+8.4%	$94.0B-3.6%	$97.5B+2.8%	$94.9B-3.0%	$97.8B-10.1%	$108.8B-16.2%	$129.8B+6.7%	$121.7B+7.3%	$113.4B+7.9%	$105.1B+3.8%	$101.2B+10.3%	$91.8B
Current Assets	$38.7B+10.5%	$35.0B-5.1%	$36.9B-15.0%	$43.3B+18.1%	$36.7B-6.1%	$39.1B-10.2%	$43.6B-8.8%	$47.8B-22.8%	$61.8B-26.1%	$83.7B+6.3%	$78.7B+7.3%	$73.4B+9.3%	$67.1B+2.4%	$65.5B+5.8%	$61.9B
Cash & Equivalents	$7.2B-13.5%	$8.3B+11.2%	$7.5B-25.8%	$10.1B+43.0%	$7.1B-22.8%	$9.2B-22.3%	$11.8B+0.5%	$11.8B+31.5%	$8.9B-23.7%	$11.7B+53.4%	$7.6B+11.0%	$6.9B+2.2%	$6.7B-15.1%	$7.9B-19.1%	$9.8B
Short-Term Investments	$8.7B+12.1%	$7.8B-25.0%	$10.3B-35.4%	$16.0B+31.5%	$12.2B-20.6%	$15.3B-12.9%	$17.6B-18.7%	$21.7B-42.4%	$37.6B-36.0%	$58.8B+1.1%	$58.1B+8.6%	$53.5B+18.1%	$45.3B+6.2%	$42.7B+9.7%	$38.9B
Inventory	$5.7B+80.0%	$3.2B-6.2%	$3.4B-7.4%	$3.6B+41.9%	$2.6B+64.7%	$1.6B+21.6%	$1.3B-7.3%	$1.4B-25.1%	$1.8B+14.2%	$1.6B+32.8%	$1.2B-25.2%	$1.6B+2.3%	$1.6B+7.8%	$1.5B-11.2%	$1.7B
Accounts Receivable	$7.5B+11.5%	$6.7B+0.2%	$6.7B+14.2%	$5.9B-11.6%	$6.6B+14.8%	$5.8B+5.4%	$5.5B-0.3%	$5.5B-1.1%	$5.6B+7.9%	$5.1B-12.0%	$5.8B+9.4%	$5.3B+3.6%	$5.2B-5.7%	$5.5B+25.2%	$4.4B
Long-Term Investments	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Goodwill	$59.5B+0.6%	$59.1B+0.8%	$58.7B+52.2%	$38.5B+0.6%	$38.3B+0.4%	$38.2B+12.9%	$33.8B+0.8%	$33.5B+5.7%	$31.7B+6.5%	$29.8B+11.8%	$26.6B+8.8%	$24.5B+0.9%	$24.2B+10.6%	$21.9B+29.0%	$17.0B
Total Liabilities	$79.4B+5.2%	$75.4B-4.4%	$79.0B+37.3%	$57.5B+6.0%	$54.2B-3.5%	$56.2B-1.2%	$56.9B-11.3%	$64.2B-2.1%	$65.6B+3.0%	$63.7B+9.7%	$58.1B+8.2%	$53.7B+10.9%	$48.4B+15.1%	$42.1B+4.0%	$40.5B
Current Liabilities	$41.5B+18.4%	$35.1B-13.6%	$40.6B+29.6%	$31.3B+22.1%	$25.6B-2.3%	$26.3B+3.7%	$25.3B-20.1%	$31.7B+17.3%	$27.0B-2.0%	$27.6B+10.7%	$24.9B+6.4%	$23.4B+18.2%	$19.8B-9.9%	$22.0B+24.1%	$17.7B
Non-Current Liabilities	$37.8B-6.3%	$40.4B+5.2%	$38.4B+46.5%	$26.2B-8.4%	$28.6B-4.6%	$30.0B-5.2%	$31.6B-2.8%	$32.5B-15.7%	$38.5B+6.8%	$36.1B+8.9%	$33.2B+9.6%	$30.3B+5.8%	$28.6B+42.5%	$20.1B-11.7%	$22.7B
Long-Term Debt	$19.4B-15.3%	$22.9B+16.5%	$19.6B+194.7%	$6.7B-20.9%	$8.4B-6.7%	$9.0B-22.1%	$11.6B-20.0%	$14.5B-28.8%	$20.3B-21.0%	$25.7B+5.1%	$24.5B+14.1%	$21.5B+5.5%	$20.3B+57.3%	$12.9B-20.7%	$16.3B
Total Equity	$50.3B+7.3%	$46.8B+3.0%	$45.5B+2.5%	$44.4B+11.5%	$39.8B-3.6%	$41.3B+8.8%	$37.9B+13.0%	$33.6B-22.3%	$43.2B-34.7%	$66.1B+4.0%	$63.6B+6.5%	$59.7B+5.4%	$56.7B-4.2%	$59.1B+15.3%	$51.3B
Retained Earnings	$1.6B+3030.0%	$50.0M-95.4%	$1.1B-33.7%	$1.6Bn/m	-$1.3Bn/m	-$654.0Mn/m	-$2.8Bn/m	-$5.9B-578.8%	$1.2B-94.1%	$20.8B+7.4%	$19.4B+20.9%	$16.0B+13.9%	$14.1B-13.1%	$16.2B+42.8%	$11.4B

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Total Assets	$129.6B+6.0%	$125.5B+4.8%	$123.4B+1.6%	$121.1B-1.8%	$122.3B-1.7%	$119.8B-2.6%	$121.4B+20.0%	$123.3B+24.9%
Current Assets	$38.7B+10.5%	$36.6B+11.4%	$35.1B+1.3%	$32.9B-8.0%	$35.0B-5.1%	$32.8B-8.6%	$34.7B-17.7%	$35.8B-9.9%
Cash & Equivalents	$7.2B-13.5%	$7.1B-13.2%	$7.5B-12.8%	$8.4B-7.3%	$8.3B+11.2%	$8.2B-8.4%	$8.6B-37.6%	$9.1B-5.6%
Short-Term Investments	$8.7B+12.1%	$9.6B+27.8%	$8.3B+0.3%	$7.3B-23.6%	$7.8B-25.0%	$7.5B-24.1%	$8.3B-30.6%	$9.6B-31.0%
Inventory	$5.7B+80.0%	$4.7B+66.2%	$3.9B+33.9%	$3.4B+8.0%	$3.2B-6.2%	$2.8B-9.2%	$2.9B-8.8%	$3.1B-6.0%
Accounts Receivable	$7.5B+11.5%	$6.5B+22.8%	$6.6B+16.5%	$4.8B+8.3%	$6.7B+0.2%	$5.3B+2.9%	$5.7B+16.1%	$4.5B-7.8%
Goodwill	$59.5B+0.6%	$59.3B+0.5%	$59.2B+0.9%	$59.1B+0.6%	$59.1B+0.8%	$59.0B+0.7%	$58.7B+50.2%	$58.8B+51.1%
Total Liabilities	$79.4B+5.2%	$76.7B+3.8%	$75.6B-0.3%	$74.2B-4.9%	$75.4B-4.4%	$73.8B-4.4%	$75.8B+38.1%	$78.1B+45.7%
Current Liabilities	$41.5B+18.4%	$39.5B+14.6%	$36.8B-8.1%	$35.5B-12.6%	$35.1B-13.6%	$34.5B-14.0%	$40.0B+29.7%	$40.5B+50.0%
Non-Current Liabilities	$37.8B-6.3%	$37.1B-5.6%	$38.9B+8.5%	$38.8B+3.4%	$40.4B+5.2%	$39.4B+6.0%	$35.8B+48.8%	$37.5B+41.4%
Long-Term Debt	$19.4B-15.3%	$19.4B-15.3%	$21.4B+8.9%	$21.4B+8.9%	$22.9B+16.5%	$22.9B+13.7%	$19.6B+194.3%	$19.6B+194.6%
Total Equity	$50.3B+7.3%	$48.9B+6.4%	$47.7B+4.8%	$46.9B+3.5%	$46.8B+3.0%	$45.9B+0.4%	$45.5B-1.6%	$45.3B+0.1%
Retained Earnings	$1.6B+3030.0%	$704.0M+363.2%	$66.0M-86.9%	-$364.0M-155.0%	$50.0M-95.4%	$152.0M-92.6%	$502.0M-81.8%	$662.0M-75.4%

Not reported in any period shown, so not listed: Long-Term Investments.

CSCO Cash Flow Statement

CSCO quarterly cash flow statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$14.2B-0.1%	$14.2B+30.5%	$10.9B-45.3%	$19.9B+50.4%	$13.2B-14.4%	$15.5B+0.2%	$15.4B-2.6%	$15.8B+15.8%	$13.7B-1.5%	$13.9B+2.3%	$13.6B+8.1%	$12.6B+1.8%	$12.3B-4.4%	$12.9B+12.2%	$11.5B
Depreciation & Amortization	$700.0M0.0%	$700.0M0.0%	$700.0M0.0%	$700.0M-12.5%	$800.0M0.0%	$800.0M-11.1%	$900.0M-10.0%	$1.0B-9.1%	$1.1B0.0%	$1.1B+10.0%	$1.0B-9.1%	$1.1B-8.3%	$1.2B0.0%	$1.2B+9.1%	$1.1B
Stock-Based Compensation	$3.8B+5.2%	$3.6B+18.4%	$3.1B+30.6%	$2.4B+24.8%	$1.9B+7.1%	$1.8B+12.2%	$1.6B-0.1%	$1.6B-0.4%	$1.6B+3.3%	$1.5B+4.7%	$1.5B+1.3%	$1.4B+6.8%	$1.3B+20.4%	$1.1B-20.1%	$1.4B
Capital Expenditures	$1.4B+55.8%	$905.0M+35.1%	$670.0M-21.1%	$849.0M+78.0%	$477.0M-31.1%	$692.0M-10.1%	$770.0M-15.3%	$909.0M+9.0%	$834.0M-13.5%	$964.0M-15.9%	$1.1B-6.6%	$1.2B-3.8%	$1.3B+9.9%	$1.2B+3.0%	$1.1B
Free Cash Flow	$12.8B-3.9%	$13.3B+30.1%	$10.2B-46.4%	$19.0B+49.3%	$12.7B-13.6%	$14.8B+0.7%	$14.7B-1.8%	$14.9B+16.3%	$12.8B-0.6%	$12.9B+3.9%	$12.4B+9.7%	$11.3B+2.4%	$11.1B-5.8%	$11.7B+13.2%	$10.4B
Investing Cash Flow	-$3.5B-301.0%	$1.7Bn/m	-$20.5Bn/m	-$5.1B-428.8%	$1.6Bn/m	-$5.3B-251.0%	$3.5B-76.4%	$14.8B-3.1%	$15.3Bn/m	-$6.0Bn/m	-$8.1B	N/A	N/A	-$11.8Bn/m	-$3.8B
Financing Cash Flow	-$12.3Bn/m	-$15.8B-331.1%	$6.8Bn/m	-$11.6Bn/m	-$16.0Bn/m	-$12.1Bn/m	-$18.9Bn/m	-$27.9Bn/m	-$31.8Bn/m	-$3.8Bn/m	-$4.7B	N/A	N/A	-$3.0Bn/m	-$5.5B
Dividends Paid	$6.6B+1.8%	$6.4B+0.8%	$6.4B+1.3%	$6.3B+1.3%	$6.2B+1.0%	$6.2B+2.4%	$6.0B+0.6%	$6.0B+0.2%	$6.0B+8.3%	$5.5B+16.0%	$4.8B+16.3%	$4.1B+8.7%	$3.8B+13.5%	$3.3B+120.5%	$1.5B
Share Buybacks	$6.1B+1.8%	$6.0B+3.7%	$5.8B+34.8%	$4.3B-44.2%	$7.7B+167.3%	$2.9B+8.2%	$2.7B-87.2%	$20.7B+18.1%	$17.5B+376.2%	$3.7B-5.7%	$3.9B-9.6%	$4.3B-54.1%	$9.4B+239.5%	$2.8B-39.2%	$4.6B

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Operating Cash Flow	$5.4B+27.2%	$3.8B-7.4%	$1.8B-18.7%	$3.2B-12.3%	$4.2B+13.5%	$4.1B+2.2%	$2.2B+177.4%	$3.7B+54.4%
Stock-Based Compensation	N/A	$914.0M-3.3%	$934.0M+1.4%	$1.1B+27.6%	N/A	$945.0M+16.5%	$921.0M+14.8%	$827.0M+25.1%
Capital Expenditures	$390.0M+79.7%	$414.0M+58.6%	$283.0M+34.8%	$323.0M+48.8%	$217.0M+9.6%	$261.0M+55.4%	$210.0M+23.5%	$217.0M+61.9%
Free Cash Flow	$5.0B+24.4%	$3.3B-11.9%	$1.5B-24.2%	$2.9B-16.1%	$4.0B+13.7%	$3.8B-0.2%	$2.0B+218.3%	$3.4B+54.0%
Investing Cash Flow	-$264.0Mn/m	-$2.1B-509.9%	-$1.3B-227.8%	$156.0M-67.4%	-$273.0Mn/m	$505.0Mn/m	$1.0B-53.8%	$479.0M-49.7%
Financing Cash Flow	-$5.0Bn/m	-$2.0Bn/m	-$1.4Bn/m	-$3.9Bn/m	-$3.9Bn/m	-$5.1B-136.5%	-$3.9B-465.6%	-$2.8Bn/m
Dividends Paid	$1.7B+2.1%	$1.7B+2.0%	$1.6B+1.5%	$1.6B+1.6%	$1.6B+1.2%	$1.6B+0.7%	$1.6B+0.6%	$1.6B+0.8%
Share Buybacks	$1.5B+19.9%	$1.3B-16.9%	$1.4B+9.9%	$2.0B-0.5%	$1.3B-37.9%	$1.5B+18.7%	$1.2B+3.0%	$2.0B+54.1%

Not reported in any period shown, so not listed: Depreciation & Amortization.

CSCO Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CSCO quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	64.5%-0.4pp	64.9%+0.2pp	64.7%+2.0pp	62.7%+0.2pp	62.5%-1.5pp	64.0%-0.2pp	64.3%+1.3pp	62.9%+0.9pp	62.0%-0.9pp	63.0%+0.1pp	62.9%+2.5pp	60.4%+1.5pp	58.9%-1.7pp	60.6%-0.7pp	61.2%
Operating Margin	24.3%+3.5pp	20.8%-1.9pp	22.6%-3.7pp	26.4%-0.7pp	27.1%+1.3pp	25.8%-1.9pp	27.6%+0.2pp	27.4%+2.4pp	24.9%0.0pp	24.9%-0.8pp	25.7%+3.8pp	21.9%+2.1pp	19.8%-3.2pp	23.0%+1.2pp	21.9%
Net Margin	20.9%+3.0pp	18.0%-1.2pp	19.2%-2.9pp	22.1%-0.8pp	22.9%+1.6pp	21.3%-1.5pp	22.8%+0.4pp	22.4%+22.2pp	0.2%-19.8pp	20.0%-1.8pp	21.8%+3.5pp	18.3%+1.6pp	16.7%-3.9pp	20.5%+3.1pp	17.5%
Return on Equity	26.4%+4.6pp	21.7%-1.0pp	22.7%-5.7pp	28.4%-1.3pp	29.7%+4.0pp	25.7%-3.9pp	29.6%-5.0pp	34.6%+34.4pp	0.3%-14.3pp	14.5%-2.4pp	16.9%+1.8pp	15.0%+1.2pp	13.9%-3.0pp	16.9%+1.2pp	15.7%
Return on Assets	10.2%+1.9pp	8.3%0.0pp	8.3%-4.1pp	12.4%-0.2pp	12.6%+1.7pp	10.9%-1.0pp	11.8%-0.1pp	11.9%+11.8pp	0.1%-7.3pp	7.4%-1.4pp	8.8%+0.9pp	7.9%+0.5pp	7.5%-2.4pp	9.9%+1.1pp	8.8%
Current Ratio	0.93-0.1x	1.00+0.1x	0.91-0.5x	1.380.0x	1.43-0.1x	1.49-0.2x	1.72+0.2x	1.51-0.8x	2.29-0.7x	3.03-0.1x	3.160.0x	3.13-0.3x	3.39+0.4x	2.98-0.5x	3.49
Debt-to-Equity	0.39-0.1x	0.49+0.1x	0.43+0.3x	0.15-0.1x	0.210.0x	0.22-0.1x	0.31-0.1x	0.430.0x	0.47+0.1x	0.390.0x	0.390.0x	0.360.0x	0.36+0.1x	0.22-0.1x	0.32
Liabilities-to-Equity	1.580.0x	1.61-0.1x	1.74+0.4x	1.30-0.1x	1.360.0x	1.36-0.1x	1.50-0.4x	1.91+0.4x	1.52+0.6x	0.960.0x	0.910.0x	0.900.0x	0.85+0.1x	0.71-0.1x	0.79
Asset Turnover	0.490.0x	0.460.0x	0.43-0.1x	0.560.0x	0.550.0x	0.510.0x	0.520.0x	0.53+0.1x	0.45+0.1x	0.370.0x	0.400.0x	0.430.0x	0.450.0x	0.480.0x	0.50
FCF Margin	20.2%-3.3pp	23.4%+4.5pp	19.0%-14.4pp	33.4%+8.7pp	24.7%-4.9pp	29.6%-0.1pp	29.7%+1.0pp	28.7%+2.7pp	26.0%-0.9pp	26.9%+1.7pp	25.2%+2.2pp	23.0%-0.4pp	23.4%-0.7pp	24.1%+1.6pp	22.5%

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Gross Margin	64.1%+0.9pp	63.6%-1.9pp	65.0%-0.1pp	65.5%-0.4pp	63.2%-1.1pp	65.6%+0.4pp	65.1%+0.9pp	65.9%+0.7pp
Operating Margin	24.7%+3.7pp	25.0%+2.4pp	24.6%+2.4pp	22.6%+5.6pp	21.0%+1.9pp	22.6%+5.4pp	22.3%-1.9pp	17.0%-12.1pp
Net Margin	22.4%+5.0pp	21.3%+3.7pp	20.7%+3.3pp	19.2%-0.4pp	17.4%+1.5pp	17.6%+2.8pp	17.3%-3.2pp	19.6%-5.2pp
Return on Equity	7.7%+2.2pp	6.9%+1.5pp	6.7%+1.3pp	6.1%+0.1pp	5.4%+0.7pp	5.4%+1.3pp	5.3%-0.4pp	6.0%-2.1pp
Return on Assets	3.0%+0.9pp	2.7%+0.6pp	2.6%+0.6pp	2.4%+0.2pp	2.1%+0.3pp	2.1%+0.5pp	2.0%-0.6pp	2.2%-1.5pp
Current Ratio	0.93-0.1x	0.920.0x	0.95+0.1x	0.930.0x	1.00+0.1x	0.95+0.1x	0.87-0.5x	0.88-0.6x
Debt-to-Equity	0.39-0.1x	0.40-0.1x	0.450.0x	0.460.0x	0.49+0.1x	0.50+0.1x	0.43+0.3x	0.43+0.3x
Liabilities-to-Equity	1.580.0x	1.570.0x	1.59-0.1x	1.58-0.1x	1.61-0.1x	1.61-0.1x	1.67+0.5x	1.72+0.5x
Asset Turnover	0.130.0x	0.130.0x	0.120.0x	0.120.0x	0.120.0x	0.120.0x	0.120.0x	0.110.0x
FCF Margin	29.0%+1.6pp	21.1%-5.7pp	10.0%-4.5pp	19.4%-5.5pp	27.4%+1.5pp	26.8%-3.1pp	14.5%+9.5pp	24.9%+9.6pp

Note: The current ratio is below 1.0 (0.93), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Cisco Systems, Inc. CSCO	FY2026	$63.3B	$13.3B	20.9%	$434.6B	64/100
Motorola Solutions, Inc. New MSI	FY2025	$11.7B	$2.2B	18.4%	$80.4B	63/100
Hewlett Packard Enterprise Company HPE	FY2025	$34.3B	$57.0M	0.2%	$77.9B	35/100
Nokia Corporation NOK	FY2025	$23.3B	$764.0M	3.3%	$48.4B	57/100
Ubiquiti Inc. UI	FY2026	$3.3B	$960.3M	29.3%	$35.4B	83/100

Where Cisco Systems, Inc. Ranks

Frequently Asked Questions

What is Cisco Systems, Inc.'s annual revenue?

Cisco Systems, Inc. (CSCO) reported $63.3B in total revenue for fiscal year 2026. This represents a 11.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cisco Systems, Inc.'s revenue growing?

Cisco Systems, Inc. (CSCO) revenue grew by 11.8% year-over-year, from $56.7B to $63.3B in fiscal year 2026.

Is Cisco Systems, Inc. profitable?

Yes, Cisco Systems, Inc. (CSCO) reported a net income of $13.3B in fiscal year 2026, with a net profit margin of 20.9%.

What is Cisco Systems, Inc.'s EBITDA?

Cisco Systems, Inc. (CSCO) had EBITDA of $16.1B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Cisco Systems, Inc. have?

As of fiscal year 2026, Cisco Systems, Inc. (CSCO) had $7.2B in cash and equivalents against $19.4B in long-term debt.

What is Cisco Systems, Inc.'s gross margin?

Cisco Systems, Inc. (CSCO) had a gross margin of 64.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Cisco Systems, Inc.'s operating margin?

Cisco Systems, Inc. (CSCO) had an operating margin of 24.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Cisco Systems, Inc.'s net profit margin?

Cisco Systems, Inc. (CSCO) had a net profit margin of 20.9% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Does Cisco Systems, Inc. pay dividends?

Yes, Cisco Systems, Inc. (CSCO) paid $1.66 per share in dividends during fiscal year 2026.

What is Cisco Systems, Inc.'s return on equity (ROE)?

Cisco Systems, Inc. (CSCO) has a return on equity of 26.4% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Cisco Systems, Inc.'s free cash flow?

Cisco Systems, Inc. (CSCO) generated $12.8B in free cash flow during fiscal year 2026. This represents a -3.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Cisco Systems, Inc.'s operating cash flow?

Cisco Systems, Inc. (CSCO) generated $14.2B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Cisco Systems, Inc.'s total assets?

Cisco Systems, Inc. (CSCO) had $129.6B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Cisco Systems, Inc.'s capital expenditures?

Cisco Systems, Inc. (CSCO) invested $1.4B in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Cisco Systems, Inc. spend on research and development?

Cisco Systems, Inc. (CSCO) invested $9.6B in research and development during fiscal year 2026.

Does Cisco Systems, Inc. buy back shares?

Yes, Cisco Systems, Inc. (CSCO) spent $6.1B on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Cisco Systems, Inc. have outstanding?

Cisco Systems, Inc. (CSCO) had 3.94B shares outstanding as of fiscal year 2026.

What is Cisco Systems, Inc.'s current ratio?

Cisco Systems, Inc. (CSCO) had a current ratio of 0.93 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.

What is Cisco Systems, Inc.'s debt-to-equity ratio?

Cisco Systems, Inc. (CSCO) had a debt-to-equity ratio of 0.39 as of fiscal year 2026. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is Cisco Systems, Inc.'s liabilities-to-equity ratio?

Cisco Systems, Inc. (CSCO) had a liabilities-to-equity ratio of 1.58 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is Cisco Systems, Inc.'s return on assets (ROA)?

Cisco Systems, Inc. (CSCO) had a return on assets of 10.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Cisco Systems, Inc.'s P/E ratio?

Cisco Systems, Inc. (CSCO) trades at 32.8x earnings, its market capitalization divided by $13.3B net income, FY2026. The market capitalization is $434.6B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cisco Systems, Inc.'s price-to-sales ratio?

Cisco Systems, Inc. (CSCO) trades at 6.9x sales, its market capitalization divided by $63.3B revenue, FY2026. The market capitalization is $434.6B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cisco Systems, Inc.'s Altman Z-Score?

Cisco Systems, Inc. (CSCO) has an Altman Z-Score of 4.16, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Cisco Systems, Inc.'s Piotroski F-Score?

Cisco Systems, Inc. (CSCO) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cisco Systems, Inc.'s earnings high quality?

Cisco Systems, Inc. (CSCO) has an earnings quality ratio of 1.07x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Cisco Systems, Inc. cover its interest payments?

Cisco Systems, Inc. (CSCO) has an interest coverage ratio of 10.45x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Cisco Systems, Inc.?

Cisco Systems, Inc. (CSCO) scores 64 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.