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Nasdaq · Technology

CISCO SYSTEMS, INC. (CSCO)

As-reported financials and recent SEC filings for CISCO SYSTEMS, INC., latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About CISCO SYSTEMS, INC.

Cisco Systems, Inc. designs and sells technologies that support internet connectivity, security, collaboration, and data observability. Its main products include networking hardware and software such as switches and routers, security solutions, and collaboration tools, serving businesses, public institutions, governments, and service providers worldwide. Cisco also offers technical support and advanced services throughout the lifecycle of its products.

Snapshot

Revenue
$56.65B
Revenue growth (YoY)
5.3%
Net income
$10.18B
Diluted EPS
$2.55
Gross margin
64.9%
Operating margin
20.8%
Net margin
18.0%
FCF margin
23.5%
ROE
21.7%
P/E (TTM)
38.2×
Market cap
$451.57B
Debt / equity
0.5×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Cisco Systems

  • Revenue grew 5.3% to $56.7B in FY2025, after a 5.6% decline the year before.
  • Operating margin is 20.8% in FY2025, -5.0 pp against 25.8% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $15.8B, up 12.0% from Q3 FY2025.
  • Free cash flow was $13.3B in FY2025, 23.5% of revenue.
  • Net income fell 1.4% to $10.2B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Cisco Systems’s fundamentals sit among the 625 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin64.9%
67th percentile of 507
Operating margin20.8%
86th percentile of 562
Net margin18.0%
83rd percentile of 576
FCF margin23.5%
80th percentile of 541
Revenue growth (YoY)+5.3%
37th percentile of 616
ROE21.7%
83rd percentile of 536
P/E (TTM)38.2×
58th percentile of 332
Debt / equity0.49×
60th percentile of 276
Short interest2.92d
39th percentile of 623

Cisco Systems’s operating margin of 20.8% ranks in the 86th percentile of the 562 Technology companies reporting it.

No open-market insider buys in the last 90 days; 28 insider sales totaling $7.2M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
5
+5 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
6
5 trimmed, 1 exited
Combined position
$973.0M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ1 2026$326.3M4.2MAdded
AQR Capital ManagementquantQ1 2026$314.3M4.1MReduced
Citadel AdvisorsquantQ1 2026$109.1M1.4MReduced
Bridgewater AssociatesQ1 2026$63.8M822.9KAdded
Gotham Asset ManagementQ1 2026$59.6M768.3KAdded
D. E. ShawquantQ1 2026$45.1M581.2KReduced
Markel GroupQ1 2026$27.6M355.5KHeld
Yacktman Asset ManagementQ1 2026$16.3M210.6KReduced
Dodge & CoxQ1 2026$8.2M105.1KReduced
Two Sigma InvestmentsquantQ1 2026$2.6M33.9KHeld

No longer held by: Point72 Asset Management (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
28
$7.2M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-16
filed 2026-06-17
Subaiya Thimaya K.EVP, OperationsSell5.2K$119.69$625K
2026-06-16
filed 2026-06-17
Subaiya Thimaya K.EVP, OperationsSell1.9K$120.51$230K
2026-06-11
Patterson MarkEVP and CFOSell2.5K$121.75$310K
2026-06-11
Patterson MarkEVP and CFOSell1.6K$118.36$189K
2026-06-11
Tuszik OliverEVP, Global SalesSell1.4K$121.77$171K
2026-06-11
Patterson MarkEVP and CFOSell1.1K$120.44$132K
2026-06-11
Patterson MarkEVP and CFOSell1.1K$117.60$129K
2026-06-11
Patterson MarkEVP and CFOSell851$119.44$102K
2026-06-11
Tuszik OliverEVP, Global SalesSell700$120.51$84K
2026-06-11
Tuszik OliverEVP, Global SalesSell400$119.59$48K
2026-06-11
Patterson MarkEVP and CFOSell200$122.39$24K
2026-06-11
Tuszik OliverEVP, Global SalesSell100$122.44$12K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
64.8M
settled 2026-07-15
Change vs prior
+20.5%
vs previous settlement
Days to cover
2.92
at avg daily volume
Avg daily volume
22.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1564.8M+20.5%2.92
2026-06-3053.8M-12.9%1.90
2026-06-1561.8M-0.3%2.55
2026-05-2961.9M+5.1%2.35
2026-05-1559.0M-4.0%2.01
2026-04-3061.4M+5.8%3.51
2026-04-1558.0M+3.3%3.43
2026-03-3156.2M-13.7%2.13

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$56.65B$53.80B$57.00B$51.56B$49.82B
Gross profit$36.79B$34.83B$35.75B$32.25B$31.89B
Operating income$11.76B$12.18B$15.03B$13.97B$12.83B
Net income$10.18B$10.32B$12.61B$11.81B$10.59B
Diluted EPS$2.55$2.54$3.07$2.82$2.50

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$14.19B$10.88B$19.89B$13.23B$15.45B
Capital expenditure$905.0M$670.0M$849.0M$477.0M$692.0M
Free cash flow$13.29B$10.21B$19.04B$12.75B$14.76B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$15.84B12.0%$3.37B$0.85
Q2 FY2026$15.35B9.7%$3.17B$0.80
Q1 FY2026$14.88B7.5%$2.86B$0.72
Q4 FY2025$14.67B7.6%$2.55B$0.64
Q3 FY2025$14.15B11.4%$2.49B$0.62
Q2 FY2025$13.99B9.4%$2.43B$0.61
Q1 FY2025$13.84B-5.6%$2.71B$0.68
Q4 FY2024$13.64B-10.3%$2.16B$0.54

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryComputer Communications Equipment
Fiscal year endJuly 25
Latest fiscal periodFY2025
SEC filings since2020
SEC CIK858877

Recent SEC filings

10-K2025-09-03
View on EDGAR →
10-K2024-09-05
View on EDGAR →
10-Q2026-05-19
View on EDGAR →
10-Q2026-02-17
View on EDGAR →
10-Q2025-11-18
View on EDGAR →
10-Q2025-05-20
View on EDGAR →
8-K2026-05-13
View on EDGAR →
8-K2026-05-01
View on EDGAR →

Largest Technology peers

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.