Cisco Systems (CSCO) Operating Margin (2009 - 2026)
Cisco Systems (CSCO) reported Operating Margin of 25.0% for Q2 2026, up 237.0% on a YoY basis from 7.42% in Q2 2025, and up 1.48% sequentially from 24.63% in Q1 2026.
Cisco Systems (CSCO) Operating Margin (2009 - 2026) Analysis & Trends
Cisco Systems (CSCO) has 18 years of Operating Margin data on file, last reported at 25.0% in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 237.0% year-over-year to 25.0%; the trailing twelve-month figure through Apr 2026 stood at 23.36% (up 306.0% YoY), and the FY2025 full-year result was 20.76%, down 188.0% from the prior year.
- Operating Margin improved to 25.0% in Q2 2026, from 24.63% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 29.15% in Q4 2023 to a low of 17.04% in Q4 2024.
- A 5-year average of 24.0% and a median of 24.43% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin slumped 1212 bps in 2024 and soared 556 bps in 2025, its largest moves.
- Tracing CSCO's Operating Margin over 5 years: stood at 25.97% in 2022, then climbed by 12 bps to 29.15% in 2023, then sank by 42 bps to 17.04% in 2024, then surged by 33 bps to 22.6% in 2025, then rose by 11 bps to 25.0% in 2026.
- Business Quant data shows CSCO's Operating Margin at 25.0% in Q2 2026, 24.63% in Q1 2026, and 22.6% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 444.27 Bn | 427.63 Bn | 10.08 Bn | 25.00% |
| 2 | Motorola Solutions | 68.42 Bn | 67.56 Bn | 1.36 Bn | 19.34% |
| 3 | Hewlett Packard Enterprise | 63.57 Bn | 58.72 Bn | 9.10 Bn | 5.05% |
| 4 | Lumentum Holdings | 59.61 Bn | 56.43 Bn | 357.00 Mn | 21.59% |
| 5 | Ciena | 57.62 Bn | 56.33 Bn | 625.52 Mn | 13.27% |
| 6 | Nokia | 52.70 Bn | 45.22 Bn | 9.86 Bn | -2,316.67% |
| 7 | Ubiquiti | 32.00 Bn | 31.63 Bn | 370.71 Mn | 36.90% |
| 8 | AST SpaceMobile | 17.20 Bn | 17.78 Bn | 3.67 Mn | -1,089.07% |
| 9 | Zebra Technologies | 12.59 Bn | 12.48 Bn | 742.00 Mn | 14.38% |
| 10 | Viasat | 10.14 Bn | 8.46 Bn | 615.36 Mn | -3.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 25, 2026 | 25.00% |
| Jan 24, 2026 | 24.63% |
| Oct 25, 2025 | 22.60% |
| Jul 26, 2025 | 21.04% |
| Apr 26, 2025 | 22.63% |
| Jan 25, 2025 | 22.25% |
| Oct 26, 2024 | 17.04% |
| Jul 27, 2024 | 19.19% |
| Apr 27, 2024 | 17.25% |
| Jan 27, 2024 | 24.20% |
| Oct 28, 2023 | 29.15% |
| Jul 29, 2023 | 27.97% |
| Apr 29, 2023 | 27.08% |
| Jan 28, 2023 | 24.22% |
| Oct 29, 2022 | 25.97% |
| Jul 30, 2022 | 26.21% |
| Apr 30, 2022 | 28.13% |
| Jan 29, 2022 | 27.41% |
| Oct 30, 2021 | 26.65% |
| Jul 31, 2021 | 27.24% |