Cisco Systems (CSCO) Operating Expenses (2009 - 2026)
Cisco Systems (CSCO) posted Operating Expenses of $6.1 billion for Q2 2026, down 1.15% sequentially from $6.2 billion in Q1 2026, and up 0.72% YoY from $6.1 billion in Q2 2025.
Cisco Systems (CSCO) Operating Expenses (2009 - 2026) Analysis & Trends
Cisco Systems has reported Operating Expenses for 18 years, with the latest figure at $6.1 billion in Q2 2026.
- Quarterly Operating Expenses rose 0.72% year-over-year to $6.1 billion in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $24.9 billion (changed 0.46% YoY) and the FY2025 annual result came in at $25.0 billion, up 10.52% from the prior year.
- Operating Expenses declined to $6.1 billion in Q2 2026 per CSCO's latest filing, from $6.2 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $6.8 billion in Q4 2024 and troughed at $4.5 billion in Q2 2022.
- A 5-year average of $5.6 billion and a median of $5.7 billion in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses advanced 28.06% in 2024, then declined 5.63% in 2025.
- Over 5 years, Operating Expenses stood at $4.8 billion in 2022, then grew by 9.88% to $5.3 billion in 2023, then rose by 28.06% to $6.8 billion in 2024, then declined by 5.63% to $6.4 billion in 2025, then declined by 4.11% to $6.1 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $6.1 billion, $6.2 billion, and $6.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 6.12 Bn |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 9.93 Bn |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 756.00 Mn |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 182.50 Mn |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | -1.02 Bn |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 453.68 Mn |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 79.89 Mn |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | -1.95 Bn |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | 329.10 Mn |
| 10 | Zebra Technologies | 17.79 Bn | 17.63 Bn | 825.00 Mn | 504.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 25, 2026 | 6.12 Bn |
| Jan 24, 2026 | 6.19 Bn |
| Oct 25, 2025 | 6.38 Bn |
| Jul 26, 2025 | 6.19 Bn |
| Apr 26, 2025 | 6.08 Bn |
| Jan 25, 2025 | 6.00 Bn |
| Oct 26, 2024 | 6.76 Bn |
| Jul 27, 2024 | 6.16 Bn |
| Apr 27, 2024 | 6.08 Bn |
| Jan 27, 2024 | 5.12 Bn |
| Oct 28, 2023 | 5.28 Bn |
| Jul 29, 2023 | 5.50 Bn |
| Apr 29, 2023 | 5.29 Bn |
| Jan 28, 2023 | 5.14 Bn |
| Oct 29, 2022 | 4.81 Bn |
| Jul 30, 2022 | 4.59 Bn |
| Apr 30, 2022 | 4.51 Bn |
| Jan 29, 2022 | 4.56 Bn |
| Oct 30, 2021 | 4.62 Bn |
| Jul 31, 2021 | 4.77 Bn |