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Cisco Systems (CSCO) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Sep 3, 2025
Cisco Systems (CSCO) reported revenue of $14.7B for the fourth quarter fiscal 2025 (Q4 FY25), +8% from a year earlier and +4% from the quarter before. Operating margin was 21.0%, net earnings $2.5B (17.4% of revenue).
Cisco Systems, Q4 FY25: revenue $14.7B (+8% year over year), operating margin 21.0%, net earnings $2.5B, operating cash flow $4.2B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.7B | +4% | +8% |
| Gross profit | $9.3B | 0% | +6% |
| Operating profit | $3.1B | -4% | +18% |
| Net earnings | $2.5B | +2% | +18% |
| Operating cash flow | $4.2B | +4% | +14% |
| Free cash flow | $4.0B | +6% | +14% |
What changed
Revenue was $14.7B in Q4 FY25, up 8% year over year and up 4% from the previous quarter. Subscription, Product was the largest line at 30% of revenue.
Gross margin was 63.2%, down 1.1 points from a year earlier. Operating profit was $3.1B, a 21.0% margin (up 1.8 points year over year). Of the extra revenue versus a year earlier, 45% reached operating profit, above the 19% margin then. Operating expenses grew 0% against revenue growth of 8%. Net earnings were $2.5B, up 18% year over year. The effective tax rate was 15.0%.
Operating cash flow was $4.2B (up 14% year over year), 166% of net earnings. Non-cash charges added back $0.95B of share-based compensation. Working capital and other items added $0.74B. Capital expenditures of $0.22B left free cash flow of $4.0B.
Questions
What was Cisco Systems' revenue in the fourth quarter fiscal 2025?
Cisco Systems (CSCO) reported revenue of $14.7B for the fourth quarter fiscal 2025 (Q4 FY25), +8% from a year earlier and +4% from the quarter before.
Was Cisco Systems profitable in the fourth quarter fiscal 2025?
Operating profit was $3.1B (21.0% of revenue) and net earnings $2.5B.
Source: Cisco Systems 10-K on SEC EDGAR.