financial statements

The full income statement, balance sheet, and cash-flow statement for Cisco Systems Inc. (CSCO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofJul 26 ’25	as ofJul 27 ’24	as ofJul 29 ’23	as ofJul 30 ’22	as ofJul 31 ’21
Revenue	56.7B YoY+5.3%	53.8B YoY-5.6%	57.0B YoY+10.6%	51.6B YoY+3.5%	49.8B YoY+1.0%
	36.8B YoY+5.6%	34.8B YoY-2.6%	35.8B YoY+10.9%	32.2B YoY+1.1%	31.9B YoY+0.7%
Cost of revenue	19.9B YoY+4.7%	19.0B YoY-10.7%	21.2B YoY+10.0%	19.3B YoY+7.7%	17.9B YoY+1.7%
	25.0B YoY+10.5%	22.6B YoY+9.3%	20.7B YoY+13.4%	18.3B YoY-4.1%	19.1B YoY+5.5%
Research & development	9.30B YoY+16.5%	7.98B YoY+5.7%	7.55B YoY+11.5%	6.77B YoY+3.4%	6.55B YoY+3.2%
Selling, general & administrative	2.99B YoY+6.4%	2.81B YoY+13.5%	2.48B YoY+17.9%	2.10B YoY-2.4%	2.15B YoY+11.8%
General & administrative	2.99B YoY+6.4%	2.81B YoY+13.5%	2.48B YoY+17.9%	2.10B YoY-2.4%	2.15B YoY+11.8%
Selling & marketing	11.0B YoY+5.8%	10.4B YoY+4.9%	9.88B YoY+8.8%	9.09B YoY-1.9%	9.26B YoY+1.0%
Restructuring	744M YoY-5.7%	789M YoY+48.6%	531M YoY+8750.0%	6.00M YoY-99.3%	886M YoY+84.2%
Amortization of intangibles	1.03B YoY+47.3%	698M YoY+147.5%	282M YoY-9.9%	313M YoY+45.6%	215M YoY+52.5%
Provision for credit losses	33.0M YoY-8.3%	36.0M YoY-7.7%	39.0M YoY-39.1%	64.0M YoY+204.8%	21.0M YoY-61.8%
Operating income	11.8B YoY-3.5%	12.2B YoY-19.0%	15.0B YoY+7.6%	14.0B YoY+8.9%	12.8B YoY-5.8%
Interest expense	1.59B YoY+58.3%	1.01B YoY+135.6%	427M YoY+18.6%	360M YoY-17.1%	434M YoY-25.8%
Other non-operating income	-68.0M YoY+77.8%	-306M YoY-23.4%	-248M YoY-163.3%	392M YoY+60.0%	245M YoY+1533.3%
Pre-tax income	11.1B YoY-9.3%	12.2B YoY-20.1%	15.3B YoY+5.8%	14.5B YoY+9.2%	13.3B YoY-5.1%
Income tax	920M YoY-51.9%	1.91B YoY-29.2%	2.71B YoY+1.5%	2.67B YoY-0.2%	2.67B YoY-3.1%
Net income	10.2B YoY-1.4%	10.3B YoY-18.2%	12.6B YoY+6.8%	11.8B YoY+11.5%	10.6B YoY-5.6%
	$2.55 YoY+0.4%	$2.54 YoY-17.3%	$3.07 YoY+8.9%	$2.82 YoY+12.8%	$2.50 YoY-5.3%
EPS (basic)	$2.56 YoY+0.4%	$2.55 YoY-17.2%	$3.08 YoY+8.8%	$2.83 YoY+12.7%	$2.51 YoY-5.3%
Weighted-avg shares (basic)	3.98B YoY-1.7%	4.04B YoY-1.2%	4.09B YoY-1.8%	4.17B YoY-1.2%	4.22B YoY-0.3%
Weighted-avg shares (diluted)	4.00B YoY-1.6%	4.06B YoY-1.0%	4.11B YoY-2.1%	4.19B YoY-1.0%	4.24B YoY-0.4%
Dividends per share	$1.62 YoY+2.5%	$1.58 YoY+2.6%	$1.54 YoY+2.7%	$1.50 YoY+2.7%	$1.46 YoY+2.8%
Balance Sheet	as ofJul 26 ’25	as ofJul 27 ’24	as ofJul 29 ’23	as ofJul 30 ’22	as ofJul 31 ’21
	35.0B YoY-5.1%	36.9B YoY-15.0%	43.3B YoY+18.1%	36.7B YoY-6.1%	39.1B YoY-10.2%
Cash & equivalents	8.35B YoY+11.2%	7.51B YoY-25.8%	10.1B YoY+43.0%	7.08B YoY-22.8%	9.18B YoY-22.3%
Short-term investments	7.76B YoY-25.0%	10.3B YoY-35.4%	16.0B YoY+31.5%	12.2B YoY-20.6%	15.3B YoY-12.9%
Cash & short-term investments	29.4B YoY+0.0%	29.4B YoY+0.0%	29.4B YoY+0.0%	29.4B YoY+0.0%	29.4B YoY+0.0%
Accounts receivable	6.70B YoY+0.2%	6.68B YoY+14.2%	5.85B YoY-11.6%	6.62B YoY+14.8%	5.77B YoY+5.4%
Inventory	3.16B YoY-6.2%	3.37B YoY-7.4%	3.64B YoY+41.9%	2.57B YoY+64.7%	1.56B YoY+21.6%
Other current assets	5.95B YoY+6.0%	5.61B YoY+29.0%	4.35B YoY-0.1%	4.36B YoY+50.7%	2.89B YoY+23.0%
	122B YoY-1.7%	124B YoY+22.2%	102B YoY+8.4%	94.0B YoY-3.6%	97.5B YoY+2.8%
Property, plant & equipment	2.11B YoY+1.1%	2.09B YoY+0.2%	2.08B YoY+4.4%	2.00B YoY-14.6%	2.34B YoY-4.7%
Operating lease right-of-use	1.30B YoY+22.0%	1.07B YoY+9.8%	971M YoY-3.2%	1.00B YoY-8.4%	1.09B YoY+18.9%
Goodwill	59.1B YoY+0.8%	58.7B YoY+52.2%	38.5B YoY+0.6%	38.3B YoY+0.4%	38.2B YoY+12.9%
Intangible assets	9.18B YoY-18.2%	11.2B YoY+517.1%	1.82B YoY-29.2%	2.57B YoY-29.0%	3.62B YoY+129.6%
Deferred tax assets	7.36B YoY+17.5%	6.26B YoY-4.8%	6.58B YoY+47.8%	4.45B YoY+2.0%	4.36B YoY+9.3%
Other non-current assets	6.06B YoY+1.9%	5.94B YoY-1.0%	6.01B YoY+0.8%	5.96B YoY+18.8%	5.02B YoY+34.1%
	35.1B YoY-13.6%	40.6B YoY+29.6%	31.3B YoY+22.1%	25.6B YoY-2.3%	26.3B YoY+3.7%
Accounts payable	2.53B YoY+9.7%	2.30B YoY-0.4%	2.31B YoY+1.4%	2.28B YoY-3.4%	2.36B YoY+6.5%
Accrued liabilities	36.0M YoY+0.0%	36.0M YoY+0.0%	36.0M YoY+0.0%	36.0M YoY+0.0%	36.0M YoY+0.0%
Deferred revenue	16.4B YoY+1.0%	16.2B YoY+16.8%	13.9B YoY+8.8%	12.8B YoY+5.2%	12.1B YoY+6.5%
Short-term & current debt	1.75B YoY+258.6%	488M YoY-71.8%	1.73B YoY+247.3%	499M YoY-80.1%	2.51B YoY-16.5%
Current lease liability	375M YoY+3.0%	364M YoY+16.3%	313M YoY-2.8%	322M YoY-4.5%	337M YoY-1.2%
Other current liabilities	5.42B YoY-4.0%	5.64B YoY+9.9%	5.14B YoY-1.2%	5.20B YoY+12.5%	4.62B YoY-2.6%
	75.4B YoY-4.4%	79.0B YoY+37.3%	57.5B YoY+6.0%	54.2B YoY-3.5%	56.2B YoY-1.2%
Long-term debt	22.9B YoY+16.5%	19.6B YoY+194.7%	6.66B YoY-20.9%	8.42B YoY-6.7%	9.02B YoY-22.1%
Deferred revenue (non-current)	12.4B YoY+1.1%	12.2B YoY+5.0%	11.6B YoY+11.1%	10.5B YoY+4.6%	10.0B YoY+10.8%
Non-current lease liability	1.18B YoY+29.7%	906M YoY+28.1%	707M YoY-2.3%	724M YoY-12.9%	831M YoY+25.7%
Deferred tax liabilities	75.0M YoY-1.3%	76.0M YoY+22.6%	62.0M YoY+12.7%	55.0M YoY-59.0%	134M YoY+65.4%
Other non-current liabilities	3.00B YoY+17.9%	2.54B YoY+19.0%	2.13B YoY+8.4%	1.97B YoY-17.8%	2.39B YoY+11.5%
	46.8B YoY+3.0%	45.5B YoY+2.5%	44.4B YoY+11.5%	39.8B YoY-3.6%	41.3B YoY+8.8%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Retained earnings	50.0M YoY-95.4%	1.09B YoY-33.7%	1.64B YoY+224.3%	-1.32B YoY-101.7%	-654M YoY+76.3%
Accumulated other comprehensive income	-954M YoY+33.3%	-1.43B YoY+9.2%	-1.57B YoY+2.9%	-1.62B YoY-289.0%	-417M YoY+19.7%
Non-controlling interest	0.00	0.00	0.00	0.00	0.00
Total equity incl. non-controlling	34.4B YoY+0.0%	34.4B YoY+0.0%	34.4B YoY+0.0%	34.4B YoY+0.0%	34.4B YoY+0.0%
Total liabilities & equity	122B YoY-1.7%	124B YoY+22.2%	102B YoY+8.4%	94.0B YoY-3.6%	97.5B YoY+2.8%
Common shares issued	3.96B YoY-1.2%	4.01B YoY-1.5%	4.07B YoY-1.1%	4.11B YoY-2.5%	4.22B YoY-0.5%
Common shares outstanding	3.96B YoY-1.2%	4.01B YoY-1.5%	4.07B YoY-1.1%	4.11B YoY-2.5%	4.22B YoY-0.5%
Shares outstanding (cover)	3.96B YoY-1.7%	4.03B YoY-1.1%	4.08B YoY-1.6%	4.14B YoY-1.7%	4.21B YoY-0.2%
Cash Flow	as ofJul 26 ’25	as ofJul 27 ’24	as ofJul 29 ’23	as ofJul 30 ’22	as ofJul 31 ’21
	14.2B YoY+30.5%	10.9B YoY-45.3%	19.9B YoY+50.4%	13.2B YoY-14.4%	15.5B YoY+0.2%
Depreciation & amortization	700M YoY+0.0%	700M YoY+0.0%	700M YoY-12.5%	800M YoY+0.0%	800M YoY-11.1%
Share-based compensation	3.64B YoY+18.4%	3.07B YoY+30.6%	2.35B YoY+24.8%	1.89B YoY+7.1%	1.76B YoY+12.2%
Change in receivables	22.0M YoY-92.4%	289M YoY+139.4%	-734M YoY-172.7%	1.01B YoY+843.0%	107M YoY+0.0%
Change in inventory	-209M YoY+24.0%	-275M YoY-125.7%	1.07B YoY+3.8%	1.03B YoY+322.1%	244M YoY+390.5%
Change in payables	257M YoY+385.6%	-90.0M YoY-433.3%	27.0M YoY+149.1%	-55.0M YoY-3.8%	-53.0M YoY-137.6%
	1.73B YoY+108.5%	-20.5B YoY-301.0%	-5.11B YoY-428.8%	1.55B YoY+129.4%	-5.29B YoY-251.0%
Capital expenditure	905M YoY+35.1%	670M YoY-21.1%	849M YoY+78.0%	477M YoY-31.1%	692M YoY-10.1%
Acquisitions	291M YoY-98.9%	26.0B YoY+8535.9%	301M YoY-19.3%	373M	—
Purchases of investments	4.59B YoY+8.5%	4.23B YoY-61.1%	10.9B YoY+79.1%	6.07B YoY-34.9%	9.33B YoY+1.3%
Sales/maturities of investments	4.94B YoY-22.4%	6.37B YoY+6.5%	5.98B YoY+5.1%	5.69B YoY-32.4%	8.41B YoY+5.4%
Proceeds from sale of PP&E	—	—	3.00M YoY-96.7%	91.0M YoY+225.0%	28.0M YoY-84.4%
Other investing activities	-9.00M YoY-280.0%	5.00M YoY-78.3%	23.0M YoY+130.3%	-76.0M YoY-235.7%	56.0M YoY+460.0%
	-15.8B YoY-331.1%	6.84B YoY+158.9%	-11.6B YoY+27.2%	-16.0B YoY-32.0%	-12.1B YoY+35.8%
Long-term debt issued	19.3B YoY-39.4%	31.8B	0.00 YoY-100.0%	1.05B	0.00
Long-term debt repaid	—	—	500M YoY-85.9%	3.55B YoY+18.3%	3.00B YoY-55.4%
Common stock issued	736M YoY+3.1%	714M YoY+2.0%	700M YoY+6.1%	660M YoY+2.6%	643M YoY-1.8%
Common stock repurchased	6.00B YoY+3.7%	5.79B YoY+34.8%	4.29B YoY-44.2%	7.69B YoY+167.3%	2.88B YoY+8.2%
Dividends paid	6.44B YoY+0.8%	6.38B YoY+1.3%	6.30B YoY+1.3%	6.22B YoY+1.0%	6.16B YoY+2.4%
Other financing activities	-80.0M YoY-116.2%	-37.0M YoY-15.6%	-32.0M YoY+73.8%	-122M YoY-106.8%	-59.0M YoY-172.8%
Net change in cash	68.0M YoY+102.4%	-2.79B YoY-191.4%	3.05B YoY+323.6%	-1.36B YoY+27.1%	-1.87B YoY-4775.0%
Interest paid	1.50B YoY+157.3%	583M YoY+55.1%	376M YoY+5.9%	355M YoY-18.9%	438M YoY-27.4%
Income taxes paid	3.89B YoY-47.6%	7.43B YoY+108.0%	3.57B YoY-2.5%	3.66B YoY+1.6%	3.60B YoY+15.7%
Valuation Ratios	as ofJul 26 ’25	as ofJul 27 ’24	as ofJul 29 ’23	as ofJul 30 ’22	as ofJul 31 ’21
Market cap	272B YoY+41.0%	193B YoY-9.1%	212B YoY+13.0%	188B YoY-19.5%	233B YoY+19.1%
P/E	27.9× YoY+74.4%	16.0× YoY-14.0%	18.6× YoY+18.5%	15.7× YoY-31.4%	22.9× YoY+25.4%
P/S	4.9× YoY+40.3%	3.5× YoY-9.9%	3.9× YoY+6.4%	3.7× YoY-23.6%	4.8× YoY+23.0%
P/B	5.9× YoY+40.4%	4.2× YoY-16.0%	5.0× YoY+8.1%	4.7× YoY-19.8%	5.8× YoY+5.5%
P/FCF	21.3× YoY+36.6%	15.6× YoY+23.3%	12.7× YoY-8.9%	13.9× YoY-16.6%	16.7× YoY+25.4%
Earnings yield	3.6% YoY-42.7%	6.2% YoY+16.2%	5.4% YoY-15.6%	6.4% YoY+45.7%	4.4% YoY-20.2%
FCF yield	4.7% YoY-26.8%	6.4% YoY-18.9%	7.9% YoY+9.8%	7.2% YoY+19.9%	6.0% YoY-20.3%
Dividend yield	2.4% YoY-28.5%	3.3% YoY+11.6%	3.0% YoY-10.6%	3.3% YoY+25.4%	2.6% YoY-13.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: CSCO's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CSCO filings on SEC EDGAR → Not investment advice.

CSCO▼ financial statements

About this data

financial statements