Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $49.2B | $48.0B | $49.3B | $51.9B | $49.3B | $49.8B | $51.6B | $57.0B | $53.8B | $56.7B |
| Revenue growth | — | -2.5% | 2.8% | 5.2% | -5.0% | 1.0% | 3.5% | 10.6% | -5.6% | 5.3% |
| Gross profit | $31.0B | $30.2B | $30.6B | $32.7B | $31.7B | $31.9B | $32.2B | $35.8B | $34.8B | $36.8B |
| Gross margin | 62.9% | 63.0% | 62.0% | 62.9% | 64.3% | 64.0% | 62.5% | 62.7% | 64.7% | 64.9% |
| Operating income | $12.7B | $12.0B | $12.3B | $14.2B | $13.6B | $12.8B | $14.0B | $15.0B | $12.2B | $11.8B |
| Operating margin | 25.7% | 24.9% | 25.0% | 27.4% | 27.6% | 25.8% | 27.1% | 26.4% | 22.6% | 20.8% |
| Net income | $10.7B | $9.61B | $110M | $11.6B | $11.2B | $10.6B | $11.8B | $12.6B | $10.3B | $10.2B |
| Net margin | 21.8% | 20.0% | 0.2% | 22.4% | 22.7% | 21.3% | 22.9% | 22.1% | 19.2% | 18.0% |
| EPS (diluted) | $2.11 | $1.90 | $0.02 | $2.61 | $2.64 | $2.50 | $2.82 | $3.07 | $2.54 | $2.55 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $13.6B | $13.9B | $13.7B | $15.8B | $15.4B | $15.5B | $13.2B | $19.9B | $10.9B | $14.2B |
| Capital expenditures | $1.15B | $964M | $834M | $909M | $770M | $692M | $477M | $849M | $670M | $905M |
| Free cash flow | $12.4B | $12.9B | $12.8B | $14.9B | $14.7B | $14.8B | $12.7B | $19.0B | $10.2B | $13.3B |
| Share buybacks | $3.91B | $3.69B | $17.5B | $20.7B | $2.66B | $2.88B | $7.69B | $4.29B | $5.79B | $6.00B |
| Dividends paid | $4.75B | $5.51B | $5.97B | $5.98B | $6.02B | $6.16B | $6.22B | $6.30B | $6.38B | $6.44B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $7.63B | $11.7B | $8.93B | $11.8B | $11.8B | $9.18B | $7.08B | $10.1B | $7.51B | $8.35B |
| Total assets | $122B | $130B | $109B | $97.8B | $94.9B | $97.5B | $94.0B | $102B | $124B | $122B |
| Total liabilities | $58.1B | $63.7B | $65.6B | $64.2B | $56.9B | $56.2B | $54.2B | $57.5B | $79.0B | $75.4B |
| Long-term debt | $24.5B | $25.7B | $20.3B | $14.5B | $11.6B | $9.02B | $8.42B | $6.66B | $19.6B | $22.9B |
| Shareholders' equity | $63.6B | $66.1B | $43.2B | $33.6B | $37.9B | $41.3B | $39.8B | $44.4B | $45.5B | $46.8B |
| Retained earnings | $19.4B | $20.8B | $1.23B | -$5.90B | -$2.76B | -$654M | -$1.32B | $1.64B | $1.09B | $50.0M |
| Shares (wtd avg diluted) | 5.09B | 5.05B | 4.88B | 4.45B | 4.25B | 4.24B | 4.19B | 4.11B | 4.06B | 4.00B |
Every figure is extracted from CISCO SYSTEMS, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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