SuperworthCisco Systems profit margin CSCO
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 21.0%
- Operating margin, 12 months
- 24.3%
- Net margin on a year earlier
- +3.0 pts
- Peer median
- 14.2%
Over the twelve months to Jul 25, 2026, Cisco Systems kept 21.0% of its revenue as net profit, with an operating margin of 24.3% and a gross margin of 64.5%.
Five years earlier its net margin was 21.3%.
The median for 3 communication equipment stocks of a similar size is 14.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | 21.0% | 24.3% | 64.5% |
| FY2025 | 18.0% | 20.8% | 64.9% |
| FY2024 | 19.2% | 22.6% | 64.7% |
| FY2023 | 22.1% | 26.4% | 62.7% |
| FY2022 | 22.9% | 27.1% | 62.5% |
| FY2021 | 21.3% | 25.8% | 64.0% |
| FY2020 | 22.7% | 27.6% | 64.3% |
| FY2019 | 22.4% | 27.4% | 62.9% |
| FY2018 | 0.2% | 25.0% | 62.0% |
| FY2017 | 20.0% | 24.9% | 63.0% |
| FY2016 | 21.8% | 25.7% | 62.9% |
| FY2015 | 18.3% | 21.9% | 60.4% |
| FY2014 | 16.7% | 19.8% | 58.9% |
| FY2013 | 20.5% | 23.0% | 60.6% |
| FY2012 | 17.5% | 21.9% | 61.2% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q4 FY26 | 21.0% | +3.0 pts | 24.3% | |
| Q3 FY26 | 19.7% | +2.1 pts | 23.4% | |
| Q2 FY26 | 18.8% | +1.8 pts | 22.7% | |
| Q1 FY26 | 17.9% | +0.2 pts | 22.1% | |
| Q4 FY25 | 18.0% | −1.2 pts | 20.8% | |
| Q3 FY25 | 17.6% | −4.3 pts | 20.3% | |
| Q2 FY25 | 17.0% | −6.5 pts | 19.0% | |
| Q1 FY25 | 17.7% | −5.7 pts | 19.4% | |
| Q4 FY24 | 19.2% | −2.9 pts | 22.6% | |
| Q3 FY24 | 21.9% | +1.0 pts | 25.0% | |
| Q2 FY24 | 23.5% | +2.2 pts | 27.2% | |
| Q1 FY24 | 23.4% | +1.4 pts | 27.2% |
Against its peers
Companies in Communication Equipment nearest Cisco Systems' size, closest first, today.
| Company | Profit margin |
|---|---|
| CSCOCisco Systems | 21.0% |
| MSIMotorola Solutions | 17.4% |
| LITELumentum | n/m |
| CIENCiena | 10.9% |
| Peer median | 14.2% |
Where Cisco Systems ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Cisco Systems
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.