CISCO SYSTEMS, INC.

For the period ended Jul 26, 2025. Filed Sep 3, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Sep 3, 2025

CSCO$98.65+5.1%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(in millions, except per-share amounts)

Years Ended	July 26, 2025	July 27, 2024	July 29, 2023
REVENUE:
Product	$41,608	$39,253	$43,142
Services	15,046	14,550	13,856
Total revenue	56,654	53,803	56,998
COST OF SALES:
Product	15,121	14,339	16,590
Services	4,743	4,636	4,655
Total cost of sales	19,864	18,975	21,245
GROSS MARGIN	36,790	34,828	35,753
OPERATING EXPENSES:
Research and development	9,300	7,983	7,551
Sales and marketing	10,966	10,364	9,880
General and administrative	2,992	2,813	2,478
Amortization of purchased intangible assets	1,028	698	282
Restructuring and other charges	744	789	531
Total operating expenses	25,030	22,647	20,722
OPERATING INCOME	11,760	12,181	15,031
Interest income	1,001	1,365	962
Interest expense	(1,593)	(1,006)	(427)
Other income (loss), net	(68)	(306)	(248)
Interest and other income (loss), net	(660)	53	287
INCOME BEFORE PROVISION FOR INCOME TAXES	11,100	12,234	15,318
Provision for income taxes	920	1,914	2,705
NET INCOME	$10,180	$10,320	$12,613
Net income per share:
Basic	$2.56	$2.55	$3.08
Diluted	$2.55	$2.54	$3.07
Shares used in per-share calculation:
Basic	3,976	4,043	4,093
Diluted	3,998	4,062	4,105

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.