Cisco Systems (CSCO) Operating Margin (2009 - 2026)
Cisco Systems' Operating Margin was 24.72% in fiscal Q4 2026 (quarter ended Jul 25, 2026), up 3.68 percentage points from 21.04% a year earlier but down 0.28 percentage points from the prior quarter.
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Analysis
Cisco Systems (CSCO) Operating Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended Jul 25, 2026), Operating Margin at Cisco Systems came in at 24.27%, up 3.51 percentage points from FY2025.
- Operating Margin shows a five-year change of -1.49 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Operating Margin was 20.76% in FY2025 (-1.88 pp), 22.64% in FY2024 (-3.73 pp), 26.37% in FY2023 (-0.72 pp) and 27.09% in FY2022 (+1.33 pp).
- Quarterly Operating Margin has moved between 17.04% (fiscal Q1 2025) and 29.15% (fiscal Q1 2024) over five years.
- Compared with a year earlier, Operating Margin has increased for six straight quarters, with an average year-over-year change of +0.89 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was fiscal Q1 2026 (a gain of 5.56 percentage points); the worst was fiscal Q1 2025 (a drop of 12.12 percentage points).
- Per Business Quant data, CSCO's Operating Margin in the three fiscal quarters before Q4 2026 was 25.00% (Q3 2026), 24.63% (Q2 2026) and 22.60% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,050.50 Bn | 4,797.99 Bn | 54.77 Bn | 32.62% |
| 2 | Cisco Systems | 426.96 Bn | 362.89 Bn | 11.06 Bn | 24.72% |
| 3 | Dell Technologies | 294.61 Bn | 250.37 Bn | 9.83 Bn | 11.46% |
| 4 | Arista Networks | 226.12 Bn | 179.58 Bn | 1.91 Bn | 45.39% |
| 5 | Sandisk | 195.26 Bn | 183.78 Bn | 7.58 Bn | 78.49% |
| 6 | Sony | 148.89 Bn | 86.15 Bn | 6.53 Bn | 16.79% |
| 7 | Seagate Technology Holdings | 142.39 Bn | 137.38 Bn | 1.90 Bn | 42.96% |
| 8 | Western Digital | 117.38 Bn | 105.51 Bn | 2.03 Bn | 41.71% |
| 9 | Hewlett Packard Enterprise | 74.00 Bn | 51.88 Bn | 4.93 Bn | 11.41% |
| 10 | Lumentum Holdings | 62.19 Bn | 54.00 Bn | 477.30 Mn | 27.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 25, 2026 | 24.72% |
| 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% |
API Access
Cisco Systems Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=CSCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CSCO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=CSCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();