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MARKETS / NASDAQ / CSCO
NASDAQ · COMPUTER COMMUNICATIONS EQUIPMENT · LARGE CAP

Cisco Systems, Inc. CSCO

18 fiscal years on record · USD · FY2025 reported · SEC filings only
14 YEARS OF DIVIDEND GROWTH
$56.7B
▲ 5.3% YoY
$10.2B
▼ 1.4% YoY
$13.3B
▲ 30.1% YoY
In brief

What this company does

Cisco designs and sells a range of technologies used to power and secure the Internet. Its products and technologies fall into the categories of Networking, Security, Collaboration and Observability, and it also provides technical support services and advanced services over the lifecycle of those products. As of July 26, 2025, it had approximately 86,200 employees. The business is conducted globally and managed by geography, organized into three geographic segments: Americas; Europe, Middle East, and Africa; and Asia Pacific, Japan, and China. The networking business rests on switching, routing, wireless and servers, offered through both hardware and software solutions. The security portfolio spans network security, identity and access management, Secure Access Service Edge, and threat intelligence, detection and response solutions. The collaboration portfolio consists of the Webex suite, collaboration devices, Contact Center and Communication Platform as a Service offerings, delivered as software, including perpetual licenses and subscriptions, as well as hardware. The company was incorporated in California in 1984 and reincorporated in Delaware in 2021, and its headquarters are in San Jose, California.

Written from the business description in CISCO SYSTEMS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 3 September 2025. Every sentence was checked against that document before publication.

Growth
USD 56.7B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 56.7 · Net income 10.2
20B40B2008201120142017202020232025
Compound annual growth
+3.2%
+2.8%
+1.4%
+2.3%
−4.8%
−1.9%
+1.3%
+1.8%
−3.3%
−0.7%
+3.8%
+4.4%
+2.6%
+2.7%
+7.3%
−4.1%
+7.8%
+6.2%
+6.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
18 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 20.8% · Net 18.0%
10%20%2008201120142017202020232025
ROE
FY2025 · ROE 22.1%
10%20%30%2008201120142017202020232025

Each USD of equity produced 22 cents of profit this year.

Cash & shareholders
USD 11.7B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 13.3
8B16B2008201120142017202020232025
Net buybacks $B Dividends $B
FY2025 · Dividends 6.4 · Net buybacks 5.3
10B20BDividendsNet buybacks2008201120142017202020232025

USD 6.4B in dividends and USD 5.3B in buybacks — 115% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 122.3B
EquityUSD 46.8B
CashUSD 8.3B
Gross debtUSD 24.6B
Net debtUSD 16.3B
Current ratio1.00×

Net debt stands at 35% of equity.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B56.753.857.051.649.849.351.949.348.049.249.247.148.646.143.240.036.139.5
Operating income $B11.812.215.014.012.813.614.212.312.012.710.89.311.210.17.79.27.39.4
EBITDA $B12.512.915.714.813.614.515.213.413.113.711.910.512.411.2····
Income tax $B0.91.92.72.72.72.83.012.92.72.22.21.91.22.11.31.61.62.2
Net income $B10.210.312.611.810.611.211.60.19.610.79.07.910.08.06.57.86.18.1
Free cash flow $B13.310.219.012.714.814.714.912.812.912.411.311.111.710.48.99.28.910.8
EPS, diluted $2.552.543.072.822.502.642.610.021.902.111.751.491.861.491.171.331.051.31
Dividend / sh $1.621.581.541.501.461.421.361.241.100.940.800.720.620.280.12···
Payout %63625053585451542557444548331910···
ROE %22.123.030.029.126.731.430.30.214.817.415.413.618.116.314.218.715.9·
Shares out B3.964.014.074.114.224.244.254.614.985.035.085.115.395.305.435.665.79·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityComputer Communications Equipment
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsJuly 25
Data on record since2008

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