Cisco Systems (CSCO) Operating Margin (2009 - 2026)

Cisco Systems has disclosed Operating Margin across 18 years of filings, most recently posting 25.0% for Q2 2026.

• Operating Margin for Q2 2026 came in at 25.0%, up 237.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 23.36% (up 306.0% YoY), and the FY2025 annual result was 20.76%, down 188.0% from the prior year.
• Operating Margin came in at 25.0% for Q2 2026 at Cisco Systems, up 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.
• The 5-year median for Operating Margin is 24.43% (2023), against an average of 24.0%.
• Across the five-year window, Operating Margin plunged 1212 bps in 2024 and soared 556 bps in 2025, its largest moves.
• Cisco Systems' Operating Margin stood at 25.97% in 2022, then grew by 12 bps to 29.15% in 2023, then plunged by 42 bps to 17.04% in 2024, then soared by 33 bps to 22.6% in 2025, then gained by 11 bps to 25.0% in 2026.
• The last three Operating Margin figures came in at 25.0% (Q2 2026), 24.63% (Q1 2026), and 22.6% (Q4 2025), per Business Quant data.