Earnings quality
Compare earnings and operating cash flow for earnings quality.
Cisco Systems, Inc.
Ticker CSCO · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2026-09-02 · Period end 2026-07-25
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 24.3%; equity ratio is 38.8%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin24.3%
Equity ratio38.8%
Last priceUSD 103.61
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
CISCO SYSTEMS, INC. is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel 4085264000 · As of filing date 2026-09-02
Financial statements
Income statement
| Account | FY2025 (ended Jul 26, 2025) | FY2026 (ended Jul 25, 2026) |
|---|---|---|
| Revenue | $56.7B | $63.3B |
| Cost of sales* | $19.9B | $22.5B |
| Gross profit | $36.8B | $40.9B |
| Operating profit | $11.8B | $15.4B |
| Income tax | $920.0M | $2.7B |
| Net income | $10.2B | $13.3B |
| Basic EPS | — | — |
Balance sheet
| Account | FY2025 (ended Jul 26, 2025) | FY2026 (ended Jul 25, 2026) |
|---|---|---|
| Cash & equivalents | $8.3B | $7.2B |
| Current assets | $35.0B | $38.7B |
| Non-current assets* | $87.3B | $91.0B |
| Total assets | $122.3B | $129.6B |
| Current liabilities | $35.1B | $41.5B |
| Non-current liabilities* | $40.4B | $37.8B |
| Total liabilities | $75.4B | $79.4B |
| Stockholders’ equity | $46.8B | $50.3B |
Cash flow statement
| Account | FY2025 (ended Jul 26, 2025) | FY2026 (ended Jul 25, 2026) |
|---|---|---|
| Operating cash flow | $14.2B | $14.2B |
| Investing cash flow | $1.7B | -$3.5B |
| Financing cash flow | -$15.8B | -$12.3B |
| Cash at end of period | $8.3B | $7.2B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | $51.6B | $57.0B | $53.8B | $56.7B | $63.3B | |
| Operating profit | $14.0B | $15.0B | $12.2B | $11.8B | $15.4B | |
| Net income | $11.8B | $12.6B | $10.3B | $10.2B | $13.3B | |
| Total assets | $94.0B | $101.9B | $124.4B | $122.3B | $129.6B | |
| Cash & equivalents | $7.1B | $10.1B | $7.5B | $8.3B | $7.2B | |
| Stockholders’ equity | $39.8B | $44.4B | $45.5B | $46.8B | $50.3B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from $56.7B to $63.3B (▲ +11.8%). Operating profit went from $11.8B to $15.4B (▲ +30.7%).
Operating cash flow was $14.2B (prior $14.2B), with cash on the balance sheet at $7.2B versus $8.3B.
Liquidity & leverage
Cash moved from $8.3B to $7.2B; current liabilities $41.5B.
Capital buffer
Stockholders’ equity moved from $46.8B to $50.3B.
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Source: SEC EDGAR 0000858877-26-000132
(CISCO SYSTEMS, INC.), period end 2026-07-25.