CSCO Cisco Systems margins

Relative Growth: Rel. Growth: 78

Relative Strength: Rel. Strength: 81

Relative Valuation: Rel. Valuation: 34

Relative Profitability: Rel. Profitability: 93

Gross margin

64.5%

Operating margin

24.3%

EBITDA margin

31.6%

Net margin

21%

Using the latest TTM figures, Cisco Systems shows a gross margin of 64.5%, an operating margin of 24.3%, an EBITDA margin of 31.6%, and a net margin of 21%. EBITDA margin drove the available margin improvements with a 4.2 percentage-point increase, while gross margin declined by 0.4 percentage points.

CSCO margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Cisco Systems recorded average margins of 64.65% gross, 22.83% operating, 29.24% EBITDA, and 19.64% net. At Cisco Systems, operating, EBITDA, and net margins are above their three-year averages, while gross margin is below its three-year average.

CSCO margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 3.5 percentage points, EBITDA margin by 4.2 percentage points, and net margin by 3 percentage points, but gross margin contracted by 0.4 percentage points.

Gross margin expansion

-0.4pp

Operating margin expansion

3.5pp

EBITDA margin expansion

4.2pp

Net margin expansion

3pp

CSCO Gross margin

The average gross margin for Cisco Systems was 64.65% during the last 3 years. At present, the current gross margin for Cisco Systems is 64.5%, 0.2 percentage points below its three-year average. The gross margin for Cisco Systems moved between 63.7% in Oct 2023 and 65.2% in Apr 2025.

CSCO Operating margin

The average operating margin for Cisco Systems was 22.83% during the last 3 years. The current operating margin stands at 24.3%, 1.5 percentage points above its three-year average. The operating margin for Cisco Systems moved between 19% in Jan 2025 and 27.2% in Jan 2024.

CSCO EBITDA margin

Over the last 3 years, Cisco Systems recorded an average EBITDA margin of 29.24%. Right now, Cisco Systems's current EBITDA margin is 31.6%, which is 2.4 percentage points above its three-year average. The highest EBITDA margin for Cisco Systems was 31.8% in Jan 2024, while the lowest was 26.9% in Oct 2024.

CSCO Net margin

Cisco Systems's net margin averaged 19.64% in the last 3 years. Compared with its three-year average, Cisco Systems's current net margin is 21% and is 1.4 percentage points above its three-year average. Over the last 3 years, Cisco Systems's net margin peaked at 23.5% in Jan 2024 and reached a low of 17% in Jan 2025.

CSCO margin group comparison

Margins compared with peer-group, industry and sector averages

Cisco Systems's gross margin of 64.5% is above the Technology sector, the industry and its peers average. Compared to its Technology sector average of 51.9%, Cisco Systems's gross margin is 24% higher.

CSCO margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Cisco Systems's gross margin?

The current gross margin for CSCO is 64.5% as of Jul 25, 2026.

What is Cisco Systems's operating margin?

For the period ending Jul 25, 2026, CSCO recorded an operating margin of 24.3%.

What is Cisco Systems's EBITDA margin?

As of Jul 25, 2026, CSCO has an EBITDA margin of 31.6%.

What is Cisco Systems's net margin?

As of Jul 25, 2026, CSCO has a net margin of 21%.

What are the average margins of CSCO?

Over the past 3 years, CSCO reported average margins of 64.7% gross, 22.8% operating, 29.2% EBITDA, and 19.6% net.

What are the highest historical margins of CSCO?

Over the last 5 years, Cisco Systems's highest margins were 65.2% gross in Apr 2025, 27.4% operating in Apr 2022, 33.3% EBITDA in Apr 2022, and 23.5% net in Jan 2024.

What are the lowest historical margins of CSCO?

Looking back across 5 years, CSCO reached its lowest margins at 61.9% gross in Jan 2023, 19% operating in Jan 2025, 26.9% EBITDA in Oct 2024, and 17% net in Jan 2025.