Cisco (CSCO) stock
Information Technology · Communications Equipment
Cisco (CSCO) is a Communications Equipment company in the Information Technology sector, headquartered in San Jose, California. As of October 23, 2026, CSCO closed at $106.50, a market capitalization of $419.89 billion, the 25th largest company in the S&P 500. Over the last twelve months it generated $63.32 billion in revenue (+18% year over year) and $12.77 billion in free cash flow. The stock trades at 32.0x trailing earnings and 18.9x forward earnings.
- 1-year total return: +54.4% (dividends reinvested)
- 5-year return: +17.3% a year
- 52-week range: $70.43 – $130.37
- Gross margin 64.5%, operating margin 27.7%
- Dividend yield: 1.58%, 14 straight years of increases
- FI Handbook report card: B+ across 10 metrics
- 9th largest of 75 Information Technology stocks in the S&P 500
CSCO price chart
1Y price change: +51.6% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| CSCO | +0.5% | +40.8% | +54.4% | +30.1% | +17.3% | +16.8% | +23.3% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1990.
CSCO key statistics
- Market cap
- $419.9B
- #25 in S&P 500
- P/E (TTM)
- 32.0x
- Forward P/E
- 18.9x
- EPS (TTM)
- $3.33
- Revenue (TTM)
- $63.3B
- +18%
- Free cash flow
- $12.8B
- Gross margin
- 64.5%
- Operating margin
- 27.7%
- Return on equity
- 27.3%
- Dividend yield
- 1.58%
- 52-week range
- $70.43 – $130.37
- Beta
- 0.98
- Price / sales
- 6.6x
- EV / EBITDA
- 23.3x
- Debt / equity
- 0.62x
- Employees
- 82,400
CSCO report card
B+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth17.6%B
- Gross margin64.5%A
- Operating margin27.7%B
- FCF margin20.2%B
- Return on equity27.3%A
- Net debt / EBITDA0.8xB
- Forward P/E18.9xB
- PEG ratio1.0xB
- Shareholder yield3.0%B
- Share count change / yr-1.2%B
Cisco Systems financials
Revenue went from $48.0B in fiscal 2017 to $63.3B in fiscal 2026, growing 3.1% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.0B | $49.3B | $51.9B | $49.3B | $49.8B | $51.6B | $57.0B | $53.8B | $56.7B | $63.3B |
| Gross profit | $30.2B | $30.6B | $32.7B | $31.7B | $31.9B | $32.2B | $35.8B | $34.8B | $36.8B | $40.9B |
| Operating income | $12.0B | $12.3B | $14.2B | $13.6B | $12.8B | $14.0B | $15.0B | $12.2B | $11.8B | $15.4B |
| Net income | $9.6B | $110.0M | $11.6B | $11.2B | $10.6B | $11.8B | $12.6B | $10.3B | $10.2B | $13.3B |
| EPS (diluted) | $1.90 | $0.02 | $2.61 | $2.64 | $2.50 | $2.82 | $3.07 | $2.54 | $2.55 | $3.33 |
| Free cash flow | $12.9B | $12.8B | $14.9B | $14.7B | $14.8B | $12.7B | $19.0B | $10.2B | $13.3B | $12.8B |
| Buybacks | $3.7B | $17.5B | $20.7B | $2.7B | $2.9B | $7.7B | $4.3B | $5.8B | $6.0B | $6.1B |
| Dividends paid | $5.5B | $6.0B | $6.0B | $6.0B | $6.2B | $6.2B | $6.3B | $6.4B | $6.4B | $6.6B |
| Diluted shares | 5.0B | 4.9B | 4.5B | 4.3B | 4.2B | 4.2B | 4.1B | 4.1B | 4.0B | 4.0B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into CSCO?
A reverse DCF asks what growth the current price requires. With an enterprise value of $435.2B and $12.8B of trailing free cash flow, Cisco Systems needs to grow free cash flow about 24.2% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -2.9% a year over the last five years.
P/E ratio history
Current 32.0x vs. median 17.2x (10th–90th percentile 13.2x–30.3x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
CSCO dividend
- Dividend yield
- 1.58%
- Annual dividend
- $1.68
- Years of increases
- 14
- 5-yr dividend growth
- 2.7%
- per year
- Payout ratio
- 50%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
CSCO earnings
Next report: November 12, 2026. Cisco Systems has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $17.3B (+18% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 12, 2026 | $1.17 | $1.22 | +4.4% |
| May 13, 2026 | $1.04 | $1.06 | +2.3% |
| Feb 11, 2026 | $1.02 | $1.04 | +1.8% |
| Nov 12, 2025 | $0.98 | $1.00 | +1.8% |
| Aug 13, 2025 | $0.98 | $0.99 | +1.3% |
| May 14, 2025 | $0.92 | $0.96 | +4.6% |
| Feb 12, 2025 | $0.91 | $0.94 | +3.4% |
| Nov 13, 2024 | $0.87 | $0.91 | +4.5% |
Stocks like CSCO
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 ANET Arista Networks | +0.76% | +13% | $217.4B | 58.6x | Compare |
 MSI Motorola Solutions | +0.84% | +10% | $79.7B | 37.9x | Compare |
 LITE Lumentum | +0.48% | +349% | $68.5B | — | Compare |
 CIEN Ciena | -0.74% | +86% | $45.4B | 71.6x | Compare |
 FFIV F5 | +1.19% | +51% | $25.8B | 36.3x | Compare |
 NVDA NVIDIA | -0.59% | +16% | $5.1T | 26.7x | Compare |
 AAPL Apple | -0.14% | +34% | $5.1T | 39.9x | Compare |
 MSFT Microsoft | +0.66% | +2% | $3.9T | 29.2x | Compare |
CSCO news
- Wells Fargo, Cisco, Intuit Among 6 More Companies Objecting to Tokenized Stocks · Oct 25, 2026
- What iShares MSCI USA Value Factor ETF (VLUE) Bought: Micron Leads on Oct. 21 · Oct 23, 2026
- Fortinet (FTNT) vs. CSCO and PANW: Can Its Hardware-Software Advantage Support Long-Term Growth? · Oct 22, 2026
- Here's Why Cisco Systems (CSCO) Fell More Than Broader Market · Oct 22, 2026
- AI TRiSM Market Surges to $11.61 billion at a CAGR 30.3% by 2031 | Report by MarketsandMarkets™ · Oct 22, 2026
CSCO stock FAQ
What is CSCO's market cap?
Cisco's market capitalization is $419.89 billion as of October 23, 2026, ranking 25th in the S&P 500.
What is CSCO's P/E ratio?
CSCO trades at a trailing price-to-earnings ratio of 32.0x and a forward P/E of 18.9x. Its median P/E over the period we track is 17.2x.
Does CSCO pay a dividend?
Yes. Cisco pays $1.68 per share a year, a 1.58% yield. It has raised its dividend 14 years in a row. Dividends grew 2.7% a year over the last five years.
How much has CSCO stock returned?
Including reinvested dividends, CSCO returned +54.4% over one year, +17.3% a year over five years, +16.8% a year over ten years through October 23, 2026.
Is CSCO stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Cisco must grow free cash flow about 24% a year for the next decade. Its free cash flow fell 3% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does CSCO report earnings?
Cisco is expected to report earnings on November 12, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Cisco have?
Cisco has about 82,400 full-time employees, or $768,507 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology