Cisco Systems, Inc. (CSCO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 15.84B | 15.35B | 14.88B | 14.67B | 14.15B | 13.99B | 13.84B | 13.64B | 12.7B | 12.79B | 14.67B | 15.2B | 14.57B | 13.59B | 13.63B | 13.1B | 12.84B | 12.72B | 12.9B | 13.13B |
| Revenue Growth % | 11.96% | 9.71% | 7.53% | 7.56% | 11.39% | 9.38% | -5.64% | -10.27% | -12.83% | -5.89% | 7.6% | 16.04% | 13.53% | 6.86% | 5.67% | -0.18% | 0.25% | 6.35% | 8.14% | 8% |
| Cost of Goods Sold | 5.76B | 5.38B | 5.14B | 5.39B | 4.87B | 4.88B | 4.72B | 4.86B | 4.43B | 4.57B | 5.11B | 5.46B | 5.34B | 5.17B | 5.29B | 5.15B | 4.71B | 4.67B | 4.85B | 4.78B |
| COGS % of Revenue | 36.37% | 35.03% | 34.52% | 36.75% | 34.43% | 34.88% | 34.1% | 35.63% | 34.87% | 35.76% | 34.84% | 35.88% | 36.64% | 38% | 38.78% | 39.31% | 36.73% | 36.72% | 37.57% | 36.43% |
| Gross Profit | 10.08B | 9.97B | 9.74B | 9.28B | 9.28B | 9.11B | 9.12B | 8.78B | 8.27B | 8.22B | 9.56B | 9.75B | 9.23B | 8.43B | 8.35B | 7.95B | 8.12B | 8.05B | 8.05B | 8.34B |
| Gross Margin % | 63.63% | 64.97% | 65.48% | 63.25% | 65.57% | 65.12% | 65.9% | 64.37% | 65.13% | 64.24% | 65.16% | 64.12% | 63.36% | 62% | 61.22% | 60.69% | 63.27% | 63.28% | 62.43% | 63.57% |
| Gross Profit Growth % | 8.64% | 9.45% | 6.84% | 5.68% | 12.15% | 10.88% | -4.56% | -9.92% | -10.39% | -2.49% | 14.51% | 22.59% | 13.68% | 4.7% | 3.64% | -4.7% | -0.78% | 3.4% | 6.23% | 8.59% |
| Operating Expenses | 6.12B | 6.19B | 6.38B | 6.19B | 6.08B | 6B | 6.76B | 6.16B | 6.08B | 5.12B | 5.28B | 5.5B | 5.29B | 5.13B | 4.81B | 4.48B | 4.51B | 4.56B | 4.62B | 4.77B |
| OpEx % of Revenue | 38.63% | 40.33% | 42.88% | 42.21% | 42.94% | 42.87% | 48.86% | 45.18% | 47.88% | 40.04% | 36% | 36.14% | 36.28% | 37.78% | 35.26% | 34.19% | 35.15% | 35.86% | 35.78% | 36.33% |
| Selling, General & Admin | 3.52B | 3.57B | 3.6B | 3.52B | 3.46B | 3.42B | 3.55B | 3.6B | 3.29B | 3.1B | 3.18B | 3.27B | 3.17B | 2.97B | 2.96B | 2.84B | 2.73B | 2.81B | 2.81B | 2.97B |
| SG&A % of Revenue | 22.2% | 23.25% | 24.22% | 24.02% | 24.48% | 24.47% | 25.63% | 26.42% | 25.94% | 24.24% | 21.67% | 21.5% | 21.73% | 21.82% | 21.68% | 21.66% | 21.24% | 22.09% | 21.8% | 22.62% |
| Research & Development | 2.38B | 2.35B | 2.4B | 2.38B | 2.33B | 2.3B | 2.29B | 2.18B | 1.95B | 1.94B | 1.91B | 1.95B | 1.96B | 1.85B | 1.78B | 1.68B | 1.71B | 1.67B | 1.71B | 1.71B |
| R&D % of Revenue | 15.01% | 15.34% | 16.13% | 16.22% | 16.5% | 16.43% | 16.52% | 15.97% | 15.34% | 15.19% | 13.04% | 12.85% | 13.47% | 13.65% | 13.06% | 12.84% | 13.31% | 13.13% | 13.29% | 13.05% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 3.96B | 3.78B | 3.36B | 3.09B | 3.2B | 3.11B | 2.36B | 2.62B | 2.19B | 3.1B | 4.28B | 4.25B | 3.95B | 3.29B | 3.54B | 3.47B | 3.61B | 3.49B | 3.44B | 3.58B |
| Operating Margin % | 25% | 24.63% | 22.6% | 21.04% | 22.63% | 22.25% | 17.04% | 19.19% | 17.25% | 24.2% | 29.15% | 27.97% | 27.08% | 24.22% | 25.97% | 26.5% | 28.13% | 27.41% | 26.65% | 27.24% |
| Operating Income Growth % | 23.67% | 21.46% | 42.62% | 17.91% | 46.14% | 0.55% | -44.86% | -38.44% | -44.48% | -5.95% | 20.79% | 22.49% | 9.31% | -5.59% | 2.97% | -2.88% | 4.18% | 8.19% | 33.77% | 10.1% |
| EBITDA | 4.42B | 4.44B | 3.97B | 3.72B | 3.83B | 3.87B | 3.15B | 3.44B | 3.05B | 3.52B | 4.68B | 4.67B | 4.4B | 3.73B | 3.96B | 3.9B | 4.09B | 4B | 3.97B | 4.06B |
| EBITDA Margin % | 27.88% | 28.93% | 26.67% | 25.37% | 27.05% | 27.69% | 22.74% | 25.22% | 24.03% | 27.5% | 31.89% | 30.75% | 30.18% | 27.44% | 29.01% | 29.78% | 31.85% | 31.47% | 30.78% | 30.96% |
| EBITDA Growth % | 15.36% | 14.61% | 26.12% | 8.17% | 25.43% | 10.12% | -32.71% | -26.4% | -30.59% | -5.68% | 18.26% | 19.81% | 7.56% | -6.82% | -0.4% | -3.99% | 3.47% | 9.4% | 31.45% | 10.11% |
| D&A (Non-Cash Add-back) | 0 | 659M | 606M | 635M | 626M | 761M | 789M | 823M | 861M | 422M | 401M | 422M | 451M | 438M | 415M | 430M | 478M | 516M | 533M | 489M |
| EBIT | 4.42B | 4.02B | 3.74B | 3.37B | 3.35B | 3.29B | 2.69B | 2.81B | 2.59B | 3.28B | 4.55B | 4.58B | 4.07B | 3.52B | 3.58B | 3.51B | 3.89B | 3.69B | 3.75B | 3.83B |
| Net Interest Income | -163M | -160M | -128M | -141M | -153M | -166M | -132M | -148M | 54M | 204M | 249M | 201M | 153M | 112M | 69M | 36M | 25M | 23M | 32M | 32M |
| Interest Income | 214M | 210M | 222M | 227M | 250M | 238M | 286M | 270M | 411M | 324M | 360M | 312M | 262M | 219M | 169M | 129M | 115M | 111M | 121M | 130M |
| Interest Expense | 377M | 370M | 350M | 368M | 403M | 404M | 418M | 418M | 357M | 120M | 111M | 111M | 109M | 107M | 100M | 93M | 90M | 88M | 89M | 98M |
| Other Income/Expense | 79M | -135M | 28M | -88M | -255M | -226M | -91M | -222M | 44M | 65M | 166M | 218M | 11M | 123M | -65M | -56M | 191M | 116M | 219M | 160M |
| Pretax Income | 4.04B | 3.65B | 3.39B | 3B | 2.95B | 2.89B | 2.27B | 2.4B | 2.23B | 3.16B | 4.44B | 4.47B | 3.96B | 3.42B | 3.48B | 3.42B | 3.8B | 3.6B | 3.66B | 3.73B |
| Pretax Margin % | 25.5% | 23.75% | 22.78% | 20.44% | 20.83% | 20.63% | 16.38% | 17.56% | 17.6% | 24.71% | 30.28% | 29.41% | 27.16% | 25.13% | 25.49% | 26.07% | 29.61% | 28.33% | 28.35% | 28.46% |
| Income Tax | 666M | 471M | 531M | 449M | 456M | 459M | -444M | 234M | 349M | 527M | 804M | 513M | 745M | 642M | 805M | 601M | 757M | 630M | 677M | 726M |
| Effective Tax Rate % | 16.49% | 12.92% | 15.66% | 14.97% | 15.47% | 15.9% | -19.59% | 9.77% | 15.62% | 16.67% | 18.1% | 11.47% | 18.83% | 18.8% | 23.17% | 17.59% | 19.92% | 17.49% | 18.51% | 19.44% |
| Net Income | 3.37B | 3.17B | 2.86B | 2.55B | 2.49B | 2.43B | 2.71B | 2.16B | 1.89B | 2.63B | 3.64B | 3.96B | 3.21B | 2.77B | 2.67B | 2.81B | 3.04B | 2.97B | 2.98B | 3.01B |
| Net Margin % | 21.29% | 20.69% | 19.22% | 17.38% | 17.61% | 17.35% | 19.59% | 15.85% | 14.85% | 20.59% | 24.8% | 26.03% | 22.04% | 20.4% | 19.59% | 21.49% | 23.72% | 23.37% | 23.1% | 22.92% |
| Net Income Growth % | 35.41% | 30.77% | 5.5% | 17.95% | 32.08% | -7.82% | -25.48% | -45.38% | -41.28% | -5.01% | 36.25% | 40.6% | 5.52% | -6.73% | -10.4% | -6.45% | 6.32% | 16.82% | 37.07% | 14.15% |
| Net Income (Continuing) | 3.37B | 3.17B | 2.86B | 2.55B | 2.49B | 2.43B | 2.71B | 2.16B | 1.89B | 2.63B | 3.64B | 3.96B | 3.21B | 2.77B | 2.67B | 2.81B | 3.04B | 2.97B | 2.98B | 3.01B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.85 | 0.79 | 0.72 | 0.64 | 0.62 | 0.61 | 0.68 | 0.54 | 0.46 | 0.65 | 0.89 | 0.97 | 0.78 | 0.67 | 0.65 | 0.68 | 0.73 | 0.71 | 0.70 | 0.71 |
| EPS Growth % | 37.1% | 29.51% | 5.88% | 18.52% | 34.78% | -6.15% | -23.6% | -44.33% | -41.03% | -2.99% | 36.92% | 42.65% | 6.85% | -5.63% | -7.14% | -4.23% | 7.35% | 18.33% | 37.25% | 14.52% |
| EPS (Basic) | 0.85 | 0.81 | 0.72 | 0.64 | 0.63 | 0.61 | 0.68 | 0.54 | 0.47 | 0.65 | 0.90 | 0.97 | 0.79 | 0.68 | 0.65 | 0.68 | 0.73 | 0.71 | 0.71 | 0.71 |
| Diluted Shares Outstanding | 3.99B | 3.99B | 3.99B | 3.99B | 4B | 4B | 4.01B | 4.04B | 4.06B | 4.07B | 4.09B | 4.09B | 4.11B | 4.12B | 4.12B | 4.14B | 4.17B | 4.21B | 4.24B | 4.23B |
| Basic Shares Outstanding | 3.95B | 3.96B | 3.96B | 3.96B | 3.98B | 3.98B | 3.99B | 4.02B | 4.04B | 4.05B | 4.06B | 4.07B | 4.09B | 4.1B | 4.11B | 4.13B | 4.15B | 4.18B | 4.22B | 4.22B |
| Dividend Payout Ratio | 46.66% | 50.93% | 56.54% | 63.73% | 65.32% | 65.61% | 58.72% | 74.28% | 85.63% | 60.1% | 43.43% | 40.15% | 49.6% | 56.26% | 58.43% | 55.67% | 51.08% | 51.83% | 52.38% | 51.91% |