Cisco Systems (CSCO) Operating Expenses (2009 - 2026)
Cisco Systems' (CSCO) quarterly Operating Expenses came in at $6.8 billion in Q3 2026, up 9.79% year-over-year from $6.2 billion in Q3 2025, and up 11.09% quarter-over-quarter from $6.1 billion in Q2 2026.
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Analysis
Cisco Systems (CSCO) Operating Expenses (2009 - 2026) Analysis & Trends
Cisco Systems has disclosed Operating Expenses across 18 years of filings, most recently posting $6.8 billion for Q3 2026.
- In Q3 2026, Operating Expenses rose 9.79% year-over-year to $6.8 billion; the TTM figure through Jul 2026 stood at $25.5 billion (up 1.85% YoY), while the FY2026 annual figure was $25.5 billion, up 1.85% from the prior year.
- Operating Expenses came in at $6.8 billion for Q3 2026 at Cisco Systems, up from $6.1 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $6.8 billion in Q3 2026 to a low of $4.5 billion in Q2 2022.
- Average Operating Expenses over 5 years is $5.7 billion, with a median of $6.0 billion recorded in 2025.
- Year-over-year, Operating Expenses gained 28.06% in 2024 and dropped 5.63% in 2025.
- Over 5 years, Operating Expenses stood at $4.8 billion in 2022, then advanced by 9.88% to $5.3 billion in 2023, then grew by 28.06% to $6.8 billion in 2024, then slipped by 5.63% to $6.4 billion in 2025, then increased by 6.53% to $6.8 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $6.8 billion in Q3 2026, $6.1 billion in Q2 2026, and $6.2 billion in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,923.51 Bn | 4,861.11 Bn | 54.77 Bn | 19.08 Bn |
| 2 | Cisco Systems | 419.97 Bn | 404.45 Bn | 11.06 Bn | 6.80 Bn |
| 3 | Dell Technologies | 351.63 Bn | 340.06 Bn | 9.83 Bn | 4.45 Bn |
| 4 | Sandisk | 265.22 Bn | 260.46 Bn | 7.58 Bn | 545.00 Mn |
| 5 | Arista Networks | 256.62 Bn | 243.27 Bn | 1.91 Bn | 532.30 Mn |
| 6 | Seagate Technology Holdings | 209.52 Bn | 207.82 Bn | 1.90 Bn | 2.07 Bn |
| 7 | Western Digital | 171.00 Bn | 169.42 Bn | 2.03 Bn | 465.00 Mn |
| 8 | Sony | 142.68 Bn | 123.26 Bn | 6.53 Bn | 14.83 Bn |
| 9 | Lumentum Holdings | 83.02 Bn | 80.28 Bn | 477.30 Mn | 198.00 Mn |
| 10 | Hewlett Packard Enterprise | 82.82 Bn | 76.61 Bn | 4.93 Bn | 10.82 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 25, 2026 | 6.80 Bn |
| 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 |
API Access
Cisco Systems Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CSCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CSCO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CSCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();