Income StatementBalance SheetCash FlowSegments
Cisco Systems, Inc. logo

Cisco Systems, Inc. Business Segments

Business, geographic, and product segment breakdowns

Cisco Systems, Inc. generates $60.7B in annual revenue across 3 key segments: Americas ($36.2B), APJC ($8.6B), and EMEA ($15.9B). The company-wide operating margin is 23.36%. Based on the Q2 2026 filing.

Americas (TTM)$36.2BAPJC (TTM)$8.6BEMEA (TTM)$15.9B
Latest FilingQ2 2026
Report Date2026-05-19
Market Cap$474.59B
P/E Ratio39.69
ROE25.23%

Products & Services

Revenue

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Networking$6.9B$7.1B$7.6B$7.8B$8.3B$8.8B
Services$3.8B$3.8B$3.8B$3.8B$3.7B$3.7B
Subscription Revenue, Service$3.4B$3.4B$3.5B$3.5B$3.4B$3.4B
Security$2.1B$2.0B$2.0B$2.0B$2.0B$2.0B
Collaboration$996.0M$1.0B$1.0B$1.1B$1.1B$1.0B
Observability$277.0M$261.0M$259.0M$274.0M$277.0M$269.0M

Contract with Customer, Liability

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Services$14.8B$14.8B$15.3B$14.7B$15.0B$15.1B

Remaining performance obligation

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Services$20.9B$20.9B$22.0B$21.0B$21.4B$21.4B

Total cost of sales

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Services$1.2B$1.2B$1.2B$1.2B$1.2B$1.1B

Total share-based compensation expense

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Services$86.0M$85.0M$84.0M$82.0M$88.0M$86.0M

Contract assets, current

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Software and Service Agreements——$1.7B$1.8B$1.8B$1.8B

Contract assets, net of allowances

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Software and Service Agreements$2.9B$3.0B$3.2B$3.4B$3.4B$3.3B

Geographic

Long-Lived Assets

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Non Us——$1.0B———

Revenue

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
United States$7.4B$7.6B—$8.1B$8.0B$8.7B

Business Segments

Acquisitions

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Americas$22.0M$13.0M$0.0$3.0M$18.0M—
APJC$5.0M$4.0M$0.0$1.0M$4.0M—
EMEA$9.0M$6.0M$0.0$1.0M$8.0M—

Foreign Currency Translation and Other

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Americas-$56.0M$176.0M$69.0M-$14.0M$53.0M$37.0M
EMEA-$22.0M$66.0M$27.0M-$5.0M$20.0M$13.0M
APJC-$13.0M$40.0M$16.0M-$3.0M$12.0M$8.0M

Goodwill

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Americas$36.2B$36.4B$36.5B$36.5B$36.5B$36.6B
EMEA$14.3B$14.4B$14.4B$14.4B$14.4B$14.4B
APJC$8.2B$8.3B$8.3B$8.3B$8.3B$8.3B

Gross margin

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Americas$5.5B$5.7B$6.0B$6.0B$5.8B$6.1B
EMEA$2.8B$2.7B$2.6B$2.7B$3.2B$2.9B
APJC$1.3B$1.4B$1.4B$1.4B$1.4B$1.5B

Revenue

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Americas$8.2B$8.4B$8.8B$9.0B$8.8B$9.6B
EMEA$3.9B$3.7B$3.6B$3.8B$4.4B$4.1B
APJC$1.9B$2.0B$2.2B$2.1B$2.1B$2.2B

Total cost of sales

SegmentQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Americas$2.5B$2.7B$2.8B$3.0B$3.0B$3.5B
EMEA$1.1B$1.1B$1.0B$1.1B$1.3B$1.2B
APJC$673.0M$667.0M$790.0M$698.0M$712.0M$752.0M