CISCO SYSTEMS, INC. (CSCO) closed fiscal year 2025 with a gross margin of 64.9 % and a net margin of 18.0 %.
CISCO SYSTEMS, INC. (CSCO) closed fiscal year 2025 with a gross margin of 64.9 % and a net margin of 18.0 %. The same year shows an EBITDA margin of 22.0 % and an EBIT margin of 20.8 %. The free cash flow margin was 23.5 %. Against the previous year the gross margin moved +0.2 pp and the net margin −1.2 pp. Across the period the gross margin ranges between 58.9 % in 2014 and 64.9 % in 2025. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: July
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 64.10 % | 63.94 % | 64.04 % | 61.40 % | 61.24 % | 60.57 % | 58.91 % | 60.38 % | 62.87 % | 62.96 % | 62.04 % | 62.94 % | 64.26 % | 64.02 % | 62.55 % | 62.73 % | 64.73 % | 64.94 % |
| EBITDA margin (%) | 25.14 % | 21.75 % | 24.11 % | 18.96 % | 24.24 % | 25.50 % | 22.37 % | 24.15 % | 27.74 % | 27.23 % | 27.18 % | 29.32 % | 29.45 % | 27.37 % | 28.65 % | 27.60 % | 23.94 % | 21.99 % |
| EBIT margin (%) | 23.88 % | 20.27 % | 22.89 % | 17.76 % | 21.85 % | 23.03 % | 19.82 % | 21.91 % | 25.71 % | 24.94 % | 24.95 % | 27.39 % | 27.63 % | 25.76 % | 27.09 % | 26.37 % | 22.64 % | 20.76 % |
| Net margin (%) | 20.36 % | 16.98 % | 19.40 % | 15.02 % | 17.46 % | 20.54 % | 16.66 % | 18.27 % | 21.81 % | 20.02 % | 0.22 % | 22.39 % | 22.75 % | 21.26 % | 22.91 % | 22.13 % | 19.18 % | 17.97 % |
| FCF margin (%) | 27.37 % | 24.62 % | 22.89 % | 20.60 % | 22.50 % | 24.14 % | 23.45 % | 23.04 % | 25.23 % | 26.90 % | 26.01 % | 28.75 % | 29.73 % | 29.63 % | 24.73 % | 33.40 % | 18.98 % | 23.45 % |
