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Cisco Systems (CSCO) operating margin by quarter

Cisco Systems' operating margin was 24.7% in Q4 FY26 (fourth quarter fiscal 2026), -0.3 pts from Q3 FY26. Over the last 7 quarters it ranged from 21.0% (Q4 FY25) to 25.0% (Q3 FY26).

Cisco Systems operating margin by quarterCisco Systems operating margin by quarter22.3%Q2 FY2522.6%Q3 FY2521.0%Q4 FY2522.6%Q1 FY2624.6%Q2 FY2625.0%Q3 FY2624.7%Q4 FY26
QuarterOperating marginQ/QY/Y
Q4 FY2624.7%-0.3 pts+3.7 pts
Q3 FY2625.0%+0.4 pts+2.4 pts
Q2 FY2624.6%+2.0 pts+2.4 pts
Q1 FY2622.6%+1.6 pts—
Q4 FY2521.0%-1.6 pts—
Q3 FY2522.6%+0.4 pts—
Q2 FY2522.3%——

Q4 FY26 at a glance

Cisco Systems, Q4 FY26: revenue $17.3B (+18% year over year), operating margin 24.7%, net earnings $3.9B, operating cash flow $5.4B. The chart follows the revenue to costs, profit and cash.

Questions

What is Cisco Systems' operating margin?

Cisco Systems' operating margin was 24.7% in Q4 FY26 (fourth quarter fiscal 2026), -0.3 pts from Q3 FY26.

How has Cisco Systems' operating margin changed?

Over the last 7 quarters it ranged from 21.0% (Q4 FY25) to 25.0% (Q3 FY26).

Q4 FY26 results → · How Cisco Systems makes money →