Company / R&D Expense
Cisco R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$9.3B
FY2025
5-year range
$6.5B / $9.3B
FY2021-FY2025
Trend
+16.5%
vs FY2024
Sector context
#5 of 262
Information Technology
What the data says
Among 262 Information Technology companies, Cisco is in the top 2% for r&d expense. R&D Expense has increased for 5 consecutive years, from $6.3B in FY2020 to $9.3B in FY2025.
Based on SEC 10-K filings.
$9.3B in FY2025 with a 5-year CAGR of +7.9%. Top quartile in the Information Technology sector.
Improved from $7.6B to $9.3B over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +11.1%
- 5-Year CAGR
- +7.9%
- 10-Year CAGR
- -
Sector benchmark
Top 2% in Information TechnologyTop 2% of 262This company $9.3B Sector average $927.8M
▼
+902.3% above sector average
Key checks
Key Insights
- Cisco's r&d expense has grown for 5 consecutive years.
- 5-year CAGR of +7.9%, indicating consistent growth.
- In FY2025, r&d expense increased 16.5% year-over-year.
- Ranks #5 out of 262 companies in the Information Technology sector.
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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $9.3B | +16.5% |
| FY2024 | $8.0B | +5.7% |
| FY2023 | $7.6B | +11.5% |
| FY2022 | $6.8B | +3.4% |
| FY2021 | $6.5B | +3.2% |
| FY2020 | $6.3B | -3.5% |
| FY2019 | $6.6B | +4.5% |
| FY2018 | $6.3B | +3.9% |
| FY2017 | $6.1B | -3.7% |
| FY2016 | $6.3B | +1.4% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026