Cisco Systems, Inc. (CSCO) stock
CSCONasdaqComputer Communications EquipmentFiscal year ends July 31
Financials through Q4 FY2026, quarter ended Jul 25, 2026Last filing: 10-K on Sep 2, 2026Score 16/3047% above fair value
$95.64−6.37 (-6.24%)
Close on Nov 13, 2026Market cap $377.07BP/E 28.7Yield 1.74%
Cisco Systems operating margin
Operating margin is operating income as a percentage of revenue.
Cisco Systems's operating margin for the twelve months ending Jul 25, 2026 was 24.3%. For fiscal 2026 it was 24.3%, against 20.8% the year before. The highest annual figure on record is 27.6% in fiscal 2020.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2026 | Jul 25, 2026 | 24.3% | +3.5 |
| FY2025 | Jul 26, 2025 | 20.8% | −1.9 |
| FY2024 | Jul 27, 2024 | 22.6% | −3.7 |
| FY2023 | Jul 29, 2023 | 26.4% | −0.7 |
| FY2022 | Jul 30, 2022 | 27.1% | +1.3 |
| FY2021 | Jul 31, 2021 | 25.8% | −1.9 |
| FY2020 | Jul 25, 2020 | 27.6% | +0.2 |
| FY2019 | Jul 27, 2019 | 27.4% | +2.4 |
| FY2018 | Jul 28, 2018 | 25.0% | +0.0 |
| FY2017 | Jul 29, 2017 | 24.9% | −0.8 |
| FY2016 | Jul 30, 2016 | 25.7% | +3.8 |
| FY2015 | Jul 25, 2015 | 21.9% | +2.1 |
| FY2014 | Jul 26, 2014 | 19.8% | −3.2 |
| FY2013 | Jul 27, 2013 | 23.0% | +1.2 |
| FY2012 | Jul 28, 2012 | 21.9% | +4.1 |
| FY2011 | Jul 30, 2011 | 17.8% | −5.1 |
| FY2010 | Jul 31, 2010 | 22.9% | +2.6 |
| FY2009 | Jul 25, 2009 | 20.3% | −3.6 |
| FY2008 | Jul 26, 2008 | 23.9% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q4 FY2026CQ2 2026 | Jul 25, 2026 | 24.7% | +3.7 |
| Q3 FY2026CQ1 2026 | Apr 25, 2026 | 25.0% | +2.4 |
| Q2 FY2026CQ4 2025 | Jan 24, 2026 | 24.6% | +2.4 |
| Q1 FY2026CQ3 2025 | Oct 25, 2025 | 22.6% | +5.6 |
| Q4 FY2025CQ2 2025 | Jul 26, 2025 | 21.0% | +1.8 |
| Q3 FY2025CQ1 2025 | Apr 26, 2025 | 22.6% | +5.4 |
| Q2 FY2025CQ4 2024 | Jan 25, 2025 | 22.3% | −2.0 |
| Q1 FY2025CQ3 2024 | Oct 26, 2024 | 17.0% | −12.1 |
| Q4 FY2024CQ2 2024 | Jul 27, 2024 | 19.2% | −8.8 |
| Q3 FY2024CQ1 2024 | Apr 27, 2024 | 17.2% | −9.8 |
| Q2 FY2024CQ4 2023 | Jan 27, 2024 | 24.2% | −0.0 |
| Q1 FY2024CQ3 2023 | Oct 28, 2023 | 29.2% | +3.2 |
| Q4 FY2023CQ2 2023 | Jul 29, 2023 | 28.0% | +1.8 |
| Q3 FY2023CQ1 2023 | Apr 29, 2023 | 27.1% | −1.0 |
| Q2 FY2023CQ4 2022 | Jan 28, 2023 | 24.2% | −3.2 |
| Q1 FY2023CQ3 2022 | Oct 29, 2022 | 26.0% | −0.7 |
| Q4 FY2022CQ2 2022 | Jul 30, 2022 | 26.2% | −1.0 |
| Q3 FY2022CQ1 2022 | Apr 30, 2022 | 28.1% | +1.1 |
| Q2 FY2022CQ4 2021 | Jan 29, 2022 | 27.4% | +0.5 |
| Q1 FY2022CQ3 2021 | Oct 30, 2021 | 26.7% | +5.1 |
| Q4 FY2021CQ2 2021 | Jul 31, 2021 | 27.2% | +0.5 |
| Q3 FY2021CQ1 2021 | May 1, 2021 | 27.1% | −1.4 |
| Q2 FY2021CQ4 2020 | Jan 23, 2021 | 26.9% | −1.2 |
| Q1 FY2021CQ3 2020 | Oct 24, 2020 | 21.5% | −5.7 |
| Q4 FY2020CQ2 2020 | Jul 25, 2020 | 26.7% | −0.8 |
| Q3 FY2020CQ1 2020 | Apr 25, 2020 | 28.5% | +1.4 |
| Q2 FY2020CQ4 2019 | Jan 25, 2020 | 28.2% | +2.4 |
| Q1 FY2020CQ3 2019 | Oct 26, 2019 | 27.2% | −1.9 |
| Q4 FY2019CQ2 2019 | Jul 27, 2019 | 27.5% | +1.4 |
| Q3 FY2019CQ1 2019 | Apr 27, 2019 | 27.1% | +2.0 |
| Q2 FY2019CQ4 2018 | Jan 26, 2019 | 25.8% | −0.1 |
| Q1 FY2019CQ3 2018 | Oct 27, 2018 | 29.1% | +6.4 |
| Q4 FY2018CQ2 2018 | Jul 28, 2018 | 26.1% | +1.0 |
| Q3 FY2018CQ1 2018 | Apr 28, 2018 | 25.1% | −1.4 |
| Q2 FY2018CQ4 2017 | Jan 27, 2018 | 25.9% | +0.9 |
| Q1 FY2018CQ3 2017 | Oct 28, 2017 | 22.7% | −0.6 |
| Q4 FY2017CQ2 2017 | Jul 29, 2017 | 25.0% | – |
| Q3 FY2017CQ1 2017 | Apr 29, 2017 | 26.5% | – |
| Q2 FY2017CQ4 2016 | Jan 28, 2017 | 25.0% | – |
| Q1 FY2017CQ3 2016 | Oct 29, 2016 | 23.3% | – |
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