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.
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 | Cisco Systems | 430.90 Bn | 415.39 Bn | 11.06 Bn | 6.80 Bn |
| 2 | Ciena | 45.56 Bn | 42.93 Bn | 759.27 Mn | 458.09 Mn |
| 3 | Ubiquiti | 35.05 Bn | 34.43 Bn | 429.25 Mn | 89.26 Mn |
| 4 | Ericsson Lm Telephone | 34.05 Bn | 14.63 Bn | 2.58 Bn | -1.95 Bn |
| 5 | Applied Optoelectronics | 8.91 Bn | 8.41 Bn | 53.21 Mn | 77.93 Mn |
| 6 | Amdocs | 6.75 Bn | 6.58 Bn | 467.16 Mn | 128.39 Mn |
| 7 | Extreme Networks | 2.85 Bn | 2.64 Bn | 210.49 Mn | 189.42 Mn |
| 8 | Digi International | 2.63 Bn | 2.60 Bn | 89.93 Mn | 67.03 Mn |
| 9 | Nextnav | 2.54 Bn | 2.54 Bn | -905,000.00 | 21.40 Mn |
| 10 | Calix | 2.26 Bn | 2.07 Bn | 160.12 Mn | 138.28 Mn |
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 |