Filing Flows › Cisco Systems (CSCO) › Q4 FY26 › vs Q4 FY25
Cisco Systems (CSCO) Q4 FY26 vs Q4 FY25 (year over year)
Cisco Systems's revenue rose $2.6B (+18%) from $14.7B in Q4 FY25 to $17.3B in Q4 FY26. Gross margin 64.1% against 63.2% (+0.9 pts).
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 draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Gross margin | 64.1% | 63.2% | +0.9 pts |
| Operating margin | 24.7% | 21.0% | +3.7 pts |
| Net margin | 22.4% | 17.4% | +5.0 pts |
| Free cash flow margin | 29.0% | 27.4% | +1.6 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $17.3B | $14.7B | $2.6B | +18% |
| Gross profit | $11.1B | $9.3B | $1.8B | +19% |
| Cost of revenue | $6.2B | $5.4B | $796M | +15% |
| Other income, net | $669M | −$88.0M | $757M | — |
| Operating profit | $4.3B | $3.1B | $1.2B | +38% |
| Operating expenses | $6.8B | $6.2B | $606M | +10% |
| Pre-tax earnings | $4.9B | $3.0B | $1.9B | +64% |
| Research & development | $2.4B | $2.4B | $51.0M | +2% |
| Sales & marketing | $3.0B | $2.8B | $134M | +5% |
| General & admin | $679M | $706M | −$27.0M | -4% |
| Other operating costs | $737M | $289M | $448M | +155% |
| Net earnings | $3.9B | $2.5B | $1.3B | +51% |
| Income tax | $1.1B | $449M | $625M | +139% |
| Share-based compensation | $927M | $948M | −$21.0M | -2% |
| Working capital & other | $600M | $736M | −$136M | -18% |
| Operating cash flow | $5.4B | $4.2B | $1.2B | +27% |
| Free cash flow (OCF − capex) | $5.0B | $4.0B | $979M | +24% |
| Capital expenditures | $390M | $217M | $173M | +80% |
Questions
How much did Cisco Systems's revenue grow year over year in Q4 FY26?
Cisco Systems's revenue rose $2.6B (+18%) from $14.7B in Q4 FY25 to $17.3B in Q4 FY26. Gross margin 64.1% against 63.2% (+0.9 pts).