Cisco: revenue, profit and dividends

In fiscal 2026, Cisco had revenue of $63.3B, up 2.5% a year on average since 2016, and net income of $13.3B (21.0% of revenue). Its dividend per share has gone up 15 years in a row, to $1.66. It has 22% fewer shares than in 2016.

Revenue, fiscal 2026

$63.3B+2.5% a year

average annual revenue growth since 2016 · +11.8% vs 2025

Net income, 2026

$13.3B

21.0% of revenue

Diluted EPS, 2026

$3.33

4.7% a year since 2016

Dividend per share, 2026

$1.66

raised 15 years in a row

Revenue growth, 5 years

4.9% a year

since 2021

Shares, 2026

3.99B

−21.6% since 2016

Free cash flow, 2026

$12.8B

$14.2B from operations − $1.41B capex

Ticker: CSCO · Nasdaq
Sector: Information Technology
Sub-industry: Communications Equipment
Headquarters: San Jose, California
Founded: 1984
In the S&P 500 since: December 1, 1993
Latest fiscal year: 2026, ended July 25, 2026
SEC filer: Cisco Systems, Inc. · CIK 0000858877

Revenue and net income

Revenue went from $39.5B in 2008 to $63.3B in 2026.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $1.31 in 2008 to $3.33 in 2026. Ten-year growth: 4.7% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised 15 years in a row, every year from 2012 to 2026. Ten-year growth: 5.9% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

21.6% fewer shares in 2026 than in 2016 (5.09B → 3.99B): buybacks outweighed new shares.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $12.8B in 2026, 20.2% of revenue.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Dividend	Shares	Operating cash flow	Capex	Free cash flow
2026	$63.3B	$13.3B	21.0%	$3.33	$1.66	3.99B	$14.2B	$1.41B	$12.8B
2025	$56.7B	$10.2B	18.0%	$2.55	$1.62	4.0B	$14.2B	$905M	$13.3B
2024	$53.8B	$10.3B	19.2%	$2.54	$1.58	4.06B	$10.9B	$670M	$10.2B
2023	$57B	$12.6B	22.1%	$3.07	$1.54	4.11B	$19.9B	$849M	$19B
2022	$51.6B	$11.8B	22.9%	$2.82	$1.50	4.19B	$13.2B	$477M	$12.7B
2021	$49.8B	$10.6B	21.3%	$2.50	$1.46	4.24B	$15.5B	$692M	$14.8B
2020	$49.3B	$11.2B	22.7%	$2.64	$1.42	4.25B	$15.4B	$770M	$14.7B
2019	$51.9B	$11.6B	22.4%	$2.61	$1.36	4.45B	$15.8B	$909M	$14.9B
2018	$49.3B	$110M	0.2%	$0.02	$1.24	4.88B	$13.7B	$834M	$12.8B
2017	$48B	$9.61B	20.0%	$1.90	$1.10	5.05B	$13.9B	$964M	$12.9B
2016	$49.2B	$10.7B	21.8%	$2.11	$0.94	5.09B	$13.6B	$1.15B	$12.4B
2015	$49.2B	$8.98B	18.3%	$1.75	$0.80	5.15B	$12.6B	$1.23B	$11.3B
2014	$47.1B	$7.85B	16.7%	$1.49	$0.72	5.28B	$12.3B	$1.27B	$11.1B
2013	$48.6B	$9.98B	20.5%	$1.86	$0.62	5.38B	$12.9B	$1.16B	$11.7B
2012	$46.1B	$8.04B	17.5%	$1.49	$0.28	5.4B	$11.5B	$1.13B	$10.4B
2011	$43.2B	$6.49B	15.0%	$1.17	$0.12	5.56B	$10.1B	$1.17B	$8.9B
2010	$40B	$7.77B	19.4%	$1.33	—	5.85B	$10.2B	$1.01B	$9.16B
2009	$36.1B	$6.13B	17.0%	$1.05	—	5.86B	$9.9B	$1.0B	$8.89B
2008	$39.5B	$8.05B	20.4%	$1.31	—	6.16B	$12.1B	$1.27B	$10.8B