Company / Operating Margin
Cisco Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
20.8%
FY2025
5-year range
20.8% / 27.1%
FY2021-FY2025
Trend
-8.3%
vs FY2024
Sector context
#43 of 284
Information Technology
What the data says
Cisco's operating margin of 20.8% is higher than 85% of companies in the Information Technology sector (FY2025). Operating Margin has declined for 3 consecutive years, from 27.1% in FY2022 to 20.8% in FY2025.
Based on SEC 10-K filings.
20.8% in FY2025 with a 5-year CAGR of -6.9%. Top quartile in the Information Technology sector.
Declined from 26.4% to 20.8% over the past 2 years.
Information Technology sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -6.3pp
- 5-Year Change
- -6.9pp
- 10-Year Change
- -
Sector benchmark
+109.8% above sector average
Key checks
Key Insights
- Cisco's operating margin has declined for 3 consecutive years.
- In FY2025, operating margin decreased 8.3% year-over-year.
- Currently 233.0pp above the Information Technology sector average.
- Peak operating margin was recorded in FY2020.
Company context
Key Data Points
- High Piotroski F-Score: 8/9 (strong financial health signals)
- Altman Z-Score 1.02 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 20.8% | -8.3% |
| FY2024 | 22.6% | -14.1% |
| FY2023 | 26.4% | -2.7% |
| FY2022 | 27.1% | +5.2% |
| FY2021 | 25.8% | -6.8% |
| FY2020 | 27.6% | +0.9% |
| FY2019 | 27.4% | +6.5% |
| FY2018 | 25.7% | +3.1% |
| FY2017 | 24.9% | +25.8% |
| FY2016 | 19.8% | -9.5% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026