Cisco Systems (CSCO) Operating Expenses (2009 - 2026)
Cisco Systems (CSCO) reported Operating Expenses of $6.1 billion for Q2 2026, up 0.72% on a YoY basis from $6.1 billion in Q2 2025, and down 1.15% sequentially from $6.2 billion in Q1 2026.
Cisco Systems (CSCO) Operating Expenses (2009 - 2026) Analysis & Trends
Cisco Systems (CSCO) has 18 years of Operating Expenses data on file, last reported at $6.1 billion in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 0.72% year-over-year to $6.1 billion; the trailing twelve-month figure through Apr 2026 stood at $24.9 billion (changed 0.46% YoY), and the FY2025 full-year result was $25.0 billion, up 10.52% from the prior year.
- Operating Expenses declined to $6.1 billion in Q2 2026, from $6.2 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $6.8 billion in Q4 2024 to a low of $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.
- Across the five-year window, Operating Expenses rose 28.06% in 2024 and slipped 5.63% in 2025, its largest moves.
- Tracing CSCO's Operating Expenses over 5 years: stood at $4.8 billion in 2022, then gained by 9.88% to $5.3 billion in 2023, then climbed by 28.06% to $6.8 billion in 2024, then decreased by 5.63% to $6.4 billion in 2025, then decreased by 4.11% to $6.1 billion in 2026.
- Business Quant data shows CSCO's Operating Expenses at $6.1 billion in Q2 2026, $6.2 billion in Q1 2026, and $6.4 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 444.27 Bn | 427.63 Bn | 10.08 Bn | 6.12 Bn |
| 2 | Motorola Solutions | 68.42 Bn | 67.56 Bn | 1.36 Bn | 691.00 Mn |
| 3 | Hewlett Packard Enterprise | 63.57 Bn | 58.72 Bn | 9.10 Bn | 8.83 Bn |
| 4 | Lumentum Holdings | 59.61 Bn | 56.43 Bn | 357.00 Mn | 182.50 Mn |
| 5 | Ciena | 57.62 Bn | 56.33 Bn | 625.52 Mn | 436.11 Mn |
| 6 | Nokia | 52.70 Bn | 45.22 Bn | 9.86 Bn | -992.30 Mn |
| 7 | Ubiquiti | 32.00 Bn | 31.63 Bn | 370.71 Mn | 79.89 Mn |
| 8 | AST SpaceMobile | 17.20 Bn | 17.78 Bn | 3.67 Mn | 164.15 Mn |
| 9 | Zebra Technologies | 12.59 Bn | 12.48 Bn | 742.00 Mn | 527.00 Mn |
| 10 | Viasat | 10.14 Bn | 8.46 Bn | 615.36 Mn | 295.67 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 |