Cisco Systems Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $63.33B | $56.00B | $53.80B | $57.00B | $51.55B | $49.81B | $49.30B | $51.90B |
| Product | — | $41.50B | $39.77B | $43.22B | $38.02B | $36.02B | $35.98B | $39.00B |
| Services | — | $14.50B | $14.03B | $13.78B | $13.53B | $13.79B | $13.32B | $12.90B |
| Cost of Revenue | $22.47B | $19.86B | $18.98B | $21.25B | $19.31B | $17.92B | $17.62B | $19.24B |
| Gross Profit | $40.86B | $36.79B | $34.83B | $35.75B | $32.25B | $31.89B | $31.68B | $32.67B |
| Gross Margin | 64.5% | 65.7% | 64.7% | 62.7% | 62.6% | 64.0% | 64.3% | 62.9% |
| Operating Expenses | ||||||||
| Research & Development | $9.56B | $9.30B | $7.98B | $7.55B | $6.77B | $6.55B | $6.35B | $6.58B |
| SG&A Expense | $2.76B | $2.99B | $2.81B | $2.48B | $2.10B | $2.15B | $1.93B | $1.83B |
| Operating Income | $15.37B | $11.76B | $12.18B | $15.03B | $13.97B | $12.83B | $13.62B | $14.22B |
| Operating Margin | 24.3% | 21.0% | 22.6% | 26.4% | 27.1% | 25.8% | 27.6% | 27.4% |
| Interest Expense | — | — | — | $427.0M | $360.0M | $434.0M | $585.0M | $859.0M |
| Pretax Income | $16.01B | $11.10B | $12.23B | $15.32B | $14.48B | $13.26B | $13.97B | $14.57B |
| Income Tax Expense | $2.74B | $920.0M | $1.91B | $2.71B | $2.67B | $2.67B | $2.76B | $2.95B |
| Net Income | $13.27B | $10.18B | $10.32B | $12.61B | $11.81B | $10.59B | $11.21B | $11.62B |
| Net Margin | 21.0% | 18.2% | 19.2% | 22.1% | 22.9% | 21.3% | 22.7% | 22.4% |
| EPS (Basic) | $3.36 | $2.56 | $2.55 | $3.08 | $2.83 | $2.51 | $2.65 | $2.63 |
| EPS (Diluted) | $3.33 | $2.55 | $2.54 | $3.07 | $2.82 | $2.50 | $2.64 | $2.61 |
| Shares Outstanding (Basic) | 3.95B | 3.98B | 4.04B | 4.09B | 4.17B | 4.22B | 4.24B | 4.42B |
| Shares Outstanding (Diluted) | 3.99B | 4.00B | 4.06B | 4.11B | 4.19B | 4.24B | 4.25B | 4.45B |
| Dividends Per Share | $1.66 | $1.62 | $1.58 | $1.54 | $1.50 | $1.46 | $1.42 | $1.36 |