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Cisco Systems, Inc. CSCO Services — Contract with Customer, Liability

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Other financials

Income statement

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Revenue$15.8B+12.0%
Gross profit$10.1B+8.6%
Operating income$4.0B+23.7%
Net income$3.4B+35.4%
EPS (diluted)$0.85+37.1%

Balance sheet

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Cash & equivalents$7.1B-13.2%
Total debt$33.0B+7.3%
Total equity$48.9B+6.4%
Total assets$125.55B+4.8%

Cash flow

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Operating cash flow$3.8B-7.4%
CapEx$414.0M+58.6%
Free cash flow$3.3B-11.9%

Valuation

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Market cap$444.44B+64.3%
Enterprise value$470.35B+60.5%
P/E37.2×+9.6×
P/S7.3×+2.5×

Profitability

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Gross margin64.3%-0.9pp
Operating margin23.4%+3.1pp
Net margin19.7%+2.1pp
FCF margin19.4%-3.6pp

Returns & leverage

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Return on equity25.2%+3.9pp
Debt / equity0.7×0.0×
Current ratio0.9×0.0×

Where this comes from

Reported directly by Cisco Systems, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The official record: Cisco Systems, Inc.’s 10-Q, filed May 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cisco Systems, Inc.'s services — contract with customer, liability?
Cisco Systems, Inc. (CSCO) reported services — contract with customer, liability of $15.14B in Q1 2026.
How has Cisco Systems, Inc.'s services — contract with customer, liability changed year-over-year?
Cisco Systems, Inc.'s services — contract with customer, liability increased by 2.1% year-over-year, from $14.82B to $15.14B.
What is the long-term trend for Cisco Systems, Inc.'s services — contract with customer, liability?
Over 4 years (2021 to 2025), Cisco Systems, Inc.'s services — contract with customer, liability has grown at a 4.5% compound annual growth rate (CAGR), from $49.79B to $59.43B.
What does services — contract with customer, liability mean?
This metric represents the liability for services that have been billed or paid for by customers but have not yet been performed or delivered. It reflects the balance of deferred revenue related to service contracts that will be recognized as income over the remaining term of the agreement. It is a key measure of cash collected in advance of service delivery.