Cisco Systems, Inc. Subscription, Service — Revenue increased by 4.1% to $3.50B in Q2 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.0%, from $3.43B to $3.50B. Over 2 years (FY 2022 to FY 2025), Subscription, Service — Revenue shows an upward trend with a 5.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
An increase indicates successful adoption of recurring revenue models and higher customer retention, while a decrease may suggest challenges in software migration or increased competition in service offerings.
This metric represents the portion of total service revenue derived from recurring subscription-based contracts rather t...
Peers in the enterprise networking and software space typically report this as Annual Recurring Revenue (ARR) or Subscription Services Revenue, with higher percentages generally commanding higher valuation multiples.
csco_segment_subscription_revenue_service_revenue| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.09B | $3.09B | $3.09B | $3.09B | $3.25B | $3.28B | $3.34B | $3.25B | $3.43B | $3.43B | $3.43B | $3.43B | $3.50B | $3.36B | $3.50B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +5.3% | +0.8% | +2.0% | -2.7% | +5.3% | +0.1% | +0.1% | -0.2% | +2.2% | -3.9% | +4.1% |
| YoY Change | — | — | — | — | +5.3% | — | — | — | +5.3% | +4.6% | +2.7% | +5.3% | +2.2% | -2.0% | +2.0% |
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