Cisco · revenue by segment
Cisco revenue by segment
How does Cisco make money?
Networking: 54.7% of FY2026 revenue
Numbers, method and sources
Share = product category revenue ÷ total revenue of the same fiscal year (derived by Hollsteen). Only years in which the reported parts add up exactly to total revenue are shown; latest 6 of 10 such years. Sources: 10-K, 8-K Ex.99 earnings releases, sum of 4 quarters; each value names its filing.
break Cisco reports today’s product categories from FY2024; earlier years split revenue into product and service only.
FY2026 · revenue $63.3B · 10-K · filed Sep 2, 2026
- Networking$34.7B 54.7%
8-K Ex.99 earnings releases, sum of 4 quarters · filed Aug 12, 2026
- Services$15.0B 23.7%
- Security$8.2B 13.0%
8-K Ex.99 earnings releases, sum of 4 quarters · filed Aug 12, 2026
- Collaboration$4.3B 6.8%
8-K Ex.99 earnings releases, sum of 4 quarters · filed Aug 12, 2026
- Other revenue not broken out in the data1.7%
FY2025 · revenue $56.7B · 10-K · filed Sep 3, 2025
- Networking$28.3B 50.0%
8-K Ex.99 earnings releases, sum of 4 quarters · filed Aug 13, 2025
- Services$15.0B 26.6%
- Security$8.1B 14.3%
8-K Ex.99 earnings releases, sum of 4 quarters · filed Aug 13, 2025
- Collaboration$4.2B 7.3%
8-K Ex.99 earnings releases, sum of 4 quarters · filed Aug 13, 2025
- Other revenue not broken out in the data1.9%
FY2024 · revenue $53.8B · 10-K · filed Sep 5, 2024
- Networking$29.2B 54.3%
8-K Ex.99 earnings releases, sum of 4 quarters · filed Aug 14, 2024
- Services$14.6B 27.0%
- Security$5.1B 9.4%
8-K Ex.99 earnings releases, sum of 4 quarters · filed Aug 14, 2024
- Collaboration$4.1B 7.6%
8-K Ex.99 earnings releases, sum of 4 quarters · filed Aug 14, 2024
- Other revenue not broken out in the data1.6%
FY2023 · revenue $57.0B · 10-K · filed Sep 7, 2023
- Product$43.1B 75.7%
8-K Ex.99 earnings releases, sum of 4 quarters · filed Aug 16, 2023
- Services$13.9B 24.3%
FY2022 · revenue $51.6B · 10-K · filed Sep 8, 2022
- Product$38.0B 73.7%
8-K Ex.99 earnings releases, sum of 4 quarters · filed Aug 17, 2022
- Services$13.5B 26.3%
FY2021 · revenue $49.8B · 10-K · filed Sep 9, 2021
- Product$36.0B 72.3%
8-K Ex.99 earnings releases, sum of 4 quarters · filed Aug 18, 2021
- Services$13.8B 27.7%
SEC filings only (10-K, 20-F, 8-K Ex.99 earnings releases, S-1). Derived = calculated by Hollsteen from reported SEC values; no market data.
Where does each revenue dollar go?
21¢ of every revenue dollar became net income
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Numbers, method and sources
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Cisco revenue by product category, by fiscal year
break Columns marked † use the segment structure before the change. Cisco reports today’s product categories from FY2024; earlier years split revenue into product and service only.
Product category revenue and share of total revenue (derived); each value links to its filing. “8-K sum” = fiscal-year value derived as the sum of four quarterly earnings releases (8-K Ex.99), not taken from the 10-K. Latest 5 fiscal years, newest first.
| Product category | FY2026 | FY2025 | FY2024 | FY2023 † | FY2022 † |
|---|---|---|---|---|---|
| Networking | $34.7B54.7%8-K sum | $28.3B50.0%8-K sum | $29.2B54.3%8-K sum | – | – |
| Services | $15.0B23.7% | $15.0B26.6% | $14.6B27.0% | $13.9B24.3% | $13.5B26.3% |
| Security | $8.2B13.0%8-K sum | $8.1B14.3%8-K sum | $5.1B9.4%8-K sum | – | – |
| Collaboration | $4.3B6.8%8-K sum | $4.2B7.3%8-K sum | $4.1B7.6%8-K sum | – | – |
| Product | – | – | – | $43.1B75.7%8-K sum | $38.0B73.7%8-K sum |