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Cisco Systems, Inc. CSCO Operating margin

Operating margin at other companies

Ciena logo
CienaCIEN
9.2%+4.5pp
Nvidia logo
NvidiaNVDA
64%+6.0pp
F5, Inc. logo
F5, Inc.FFIV
24.7%+0.2pp
Fortinet logo
FortinetFTNT
31.1%-0.4pp
Super Micro Computer, Inc. logo
Super Micro Computer, Inc.SMCI
4.5%-1.6pp
Datadog, Inc. logo
Datadog, Inc.DDOG
-1.4%

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$462.45B+61.4%
Enterprise value$488.37B+57.1%
P/E38.7×+9.4×
P/S7.6×+2.5×

Profitability

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Gross margin64.3%-0.9pp
Net margin19.7%+2.1pp

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

Calculated from Cisco Systems, Inc.’s reported figures.

Based on trailing twelve months.

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 operating margin?
Cisco Systems, Inc. (CSCO) reported operating margin of 23.4% in Q1 2026.
How has Cisco Systems, Inc.'s operating margin changed year-over-year?
Cisco Systems, Inc.'s operating margin increased by 15.1% year-over-year, from 20.3% to 23.4%.
What is the long-term trend for Cisco Systems, Inc.'s operating margin?
Over 4 years (2021 to 2025), Cisco Systems, Inc.'s operating margin has grown at a -6.4% compound annual growth rate (CAGR), from 103.5% to 79.4%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.