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Cisco Systems (CSCO) Operating Expenses (2016 - 2026)

Cisco Systems' Operating Expenses history spans 18 years, with the latest figure at $6.2 billion for Q1 2026.

  • For Q1 2026, Operating Expenses rose 3.22% year-over-year to $6.2 billion; the TTM value through Jan 2026 reached $24.8 billion, down 0.66%, while the annual FY2025 figure was $25.0 billion, 10.52% up from the prior year.
  • Operating Expenses for Q1 2026 was $6.2 billion at Cisco Systems, down from $6.4 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $6.8 billion in Q4 2024 and bottomed at $4.5 billion in Q2 2022.
  • The 5-year median for Operating Expenses is $5.5 billion (2023), against an average of $5.6 billion.
  • The largest annual shift saw Operating Expenses grew 28.06% in 2024 before it dropped 5.63% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $4.8 billion in 2022, then rose by 9.88% to $5.3 billion in 2023, then increased by 28.06% to $6.8 billion in 2024, then dropped by 5.63% to $6.4 billion in 2025, then dropped by 2.99% to $6.2 billion in 2026.
  • Per Business Quant, the three most recent readings for CSCO's Operating Expenses are $6.2 billion (Q1 2026), $6.4 billion (Q4 2025), and $6.2 billion (Q3 2025).