Cisco Systems annual gross margin
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Cisco Systems Gross Margin Growth & History (CSCO)
Cisco Systems's gross margin was 64.94% for fiscal 2025.
View full Cisco Systems company overviewCisco Systems annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-07-26 | 64.94% | +0.21 pp |
| 2024 | 2024-07-27 | 64.73% | +2.01 pp |
| 2023 | 2023-07-29 | 62.73% | +0.18 pp |
| 2022 | 2022-07-30 | 62.55% | −1.47 pp |
| 2021 | 2021-07-31 | 64.02% | −0.24 pp |
| 2020 | 2020-07-25 | 64.26% | +1.33 pp |
| 2019 | 2019-07-27 | 62.94% | +0.89 pp |
| 2018 | 2018-07-28 | 62.04% | −0.92 pp |
| 2017 | 2017-07-29 | 62.96% | +0.09 pp |
| 2016 | 2016-07-30 | 62.87% | +2.49 pp |
| 2015 | 2015-07-25 | 60.38% | +1.47 pp |
| 2014 | 2014-07-26 | 58.91% | −1.66 pp |
| 2013 | 2013-07-27 | 60.57% | −0.68 pp |
| 2012 | 2012-07-28 | 61.24% | −0.16 pp |
| 2011 | 2011-07-30 | 61.40% | −2.64 pp |
| 2010 | 2010-07-31 | 64.04% | +0.10 pp |
| 2009 | 2009-07-25 | 63.94% | −0.16 pp |
| 2008 | 2008-07-26 | 64.10% | — |
Cisco Systems quarterly gross margin
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| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-04-25 | 63.63% | −1.94 pp |
| Q2 2026 | 2026-01-24 | 64.97% | −0.15 pp |
| Q1 2026 | 2025-10-25 | 65.48% | −0.42 pp |
| Q4 2025 | 2025-07-26 | 63.25% | −1.12 pp |
| Q3 2025 | 2025-04-26 | 65.57% | +0.44 pp |
| Q2 2025 | 2025-01-25 | 65.12% | +0.88 pp |
| Q1 2025 | 2024-10-26 | 65.90% | +0.74 pp |
| Q4 2024 | 2024-07-27 | 64.37% | +0.25 pp |
| Q3 2024 | 2024-04-27 | 65.13% | +1.77 pp |
| Q2 2024 | 2024-01-27 | 64.24% | +2.24 pp |
| Q1 2024 | 2023-10-28 | 65.16% | +3.93 pp |
| Q4 2023 | 2023-07-29 | 64.12% | +2.87 pp |
| Q3 2023 | 2023-04-29 | 63.36% | +0.09 pp |
| Q2 2023 | 2023-01-28 | 62.00% | −1.28 pp |
| Q1 2023 | 2022-10-29 | 61.22% | −1.20 pp |
| Q4 2022 | 2022-07-30 | 61.25% | −2.32 pp |
| Q3 2022 | 2022-04-30 | 63.27% | −0.66 pp |
| Q2 2022 | 2022-01-29 | 63.28% | −1.81 pp |
| Q1 2022 | 2021-10-30 | 62.43% | −1.12 pp |
| Q4 2021 | 2021-07-31 | 63.57% | +0.35 pp |
| Q3 2021 | 2021-05-01 | 63.93% | −0.92 pp |
| Q2 2021 | 2021-01-23 | 65.08% | +0.41 pp |
| Q1 2021 | 2020-10-24 | 63.55% | −0.77 pp |
| Q4 2020 | 2020-07-25 | 63.22% | −0.63 pp |
| Q3 2020 | 2020-04-25 | 64.85% | +1.78 pp |
| Q2 2020 | 2020-01-25 | 64.67% | +2.22 pp |
| Q1 2020 | 2019-10-26 | 64.32% | +2.00 pp |
| Q4 2019 | 2019-07-27 | 63.85% | +2.17 pp |
| Q3 2019 | 2019-04-27 | 63.07% | +0.82 pp |
| Q2 2019 | 2019-01-26 | 62.45% | −0.62 pp |
| Q1 2019 | 2018-10-27 | 62.32% | +1.12 pp |
| Q4 2018 | 2018-07-28 | 61.68% | −0.52 pp |
| Q3 2018 | 2018-04-28 | 62.26% | −0.71 pp |
| Q2 2018 | 2018-01-27 | 63.08% | +0.24 pp |
| Q1 2018 | 2017-10-28 | 61.20% | −2.63 pp |
| Q4 2017 | 2017-07-29 | 62.19% | −0.91 pp |
| Q3 2017 | 2017-04-29 | 62.96% | −1.38 pp |
| Q2 2017 | 2017-01-28 | 62.83% | +0.52 pp |
| Q1 2017 | 2016-10-29 | 63.83% | +2.07 pp |
| Q4 2016 | 2016-07-30 | 63.10% | +2.89 pp |
| Q3 2016 | 2016-04-30 | 64.34% | +2.34 pp |
| Q2 2016 | 2016-01-23 | 62.31% | +2.91 pp |
| Q1 2016 | 2015-10-24 | 61.76% | +1.87 pp |
| Q4 2015 | 2015-07-25 | 60.21% | +0.29 pp |
| Q3 2015 | 2015-04-25 | 62.00% | +1.32 pp |
| Q2 2015 | 2015-01-24 | 59.40% | +6.05 pp |
| Q1 2015 | 2014-10-25 | 59.89% | −1.41 pp |
| Q4 2014 | 2014-07-26 | 59.93% | +0.76 pp |
| Q3 2014 | 2014-04-26 | 60.68% | −0.80 pp |
| Q2 2014 | 2014-01-25 | 53.35% | −7.35 pp |
| Q1 2014 | 2013-10-26 | 61.29% | +0.34 pp |
| Q4 2013 | 2013-07-27 | 59.17% | −1.44 pp |
| Q3 2013 | 2013-04-27 | 61.48% | −0.38 pp |
| Q2 2013 | 2013-01-26 | 60.70% | −0.59 pp |
| Q1 2013 | 2012-10-27 | 60.95% | −0.26 pp |
| Q4 2012 | 2012-07-28 | 60.61% | −0.68 pp |
| Q3 2012 | 2012-04-28 | 61.87% | +0.58 pp |
| Q2 2012 | 2012-01-28 | 61.29% | +1.13 pp |
| Q1 2012 | 2011-10-29 | 61.21% | −1.63 pp |
| Q4 2011 | 2011-07-30 | 61.29% | −1.40 pp |
| Q3 2011 | 2011-04-30 | 61.28% | −2.66 pp |
| Q2 2011 | 2011-01-29 | 60.16% | −4.35 pp |
| Q1 2011 | 2010-10-30 | 62.84% | −2.43 pp |
| Q4 2010 | 2010-07-31 | 62.69% | −1.29 pp |
| Q3 2010 | 2010-05-01 | 63.95% | −0.12 pp |
| Q2 2010 | 2010-01-23 | 64.51% | +1.55 pp |
| Q1 2010 | 2009-10-24 | 65.27% | +0.60 pp |
| Q4 2009 | 2009-07-25 | 63.98% | — |
| Q3 2009 | 2009-04-25 | 64.07% | — |
| Q2 2009 | 2009-01-24 | 62.97% | — |
| Q1 2009 | 2008-10-25 | 64.67% | — |
Cisco Systems gross margin trends
Over the last five reported fiscal years, Cisco Systems's gross margin increased from 64.26% to 64.94%, a change of +0.67 percentage points. The latest reported quarter, Q3 2026, shows 63.63%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Cisco Systems filings at SEC.gov ↗