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
DateValue
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