Cisco Systems Inc (CSCO)
Pretax margin
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Jul 27, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 11,455,000 | 10,497,000 | 9,946,000 | 9,294,000 | 9,262,000 | 10,027,000 | 10,792,000 | 12,999,000 | 15,206,000 | 16,516,000 | 17,826,000 | 17,341,000 | 16,856,000 | 15,800,000 | 14,744,000 | 14,262,000 | 13,780,000 | 13,781,000 | 13,782,000 | 14,108,000 |
| Revenue (ttm) | US$ in thousands | 56,654,000 | 55,623,000 | 55,724,000 | 54,435,000 | 52,960,000 | 52,109,000 | 50,539,000 | 52,505,000 | 54,704,000 | 57,116,000 | 59,550,000 | 59,453,000 | 59,379,000 | 57,768,000 | 56,170,000 | 55,231,000 | 54,303,000 | 53,813,000 | 53,334,000 | 52,537,000 |
| Pretax margin | 20.22% | 18.87% | 17.85% | 17.07% | 17.49% | 19.24% | 21.35% | 24.76% | 27.80% | 28.92% | 29.93% | 29.17% | 28.39% | 27.35% | 26.25% | 25.82% | 25.38% | 25.61% | 25.84% | 26.85% |
July 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $11,455,000K ÷ $56,654,000K
= 20.22%
The pretax margin of Cisco Systems Inc has exhibited notable fluctuations over the observed period. At the end of October 2022, the pretax margin stood at approximately 26.85%. This margin showed a gradual decline through the following months, reaching around 25.61% by late January 2023, and maintaining a relatively stable level until late April 2023, when it increased slightly to approximately 26.25%.
A pronounced upward trend commenced during the third quarter of 2023, with the pretax margin rising from 27.35% in late July to a peak of approximately 29.93% by late October 2023. This indicates an improved profitability before taxes during this timeframe, possibly attributable to operational efficiencies or favorable market conditions.
Subsequently, the margin experienced a downward trajectory starting at 28.92% in late January 2024, declining sharply through the year to reach a low of approximately 17.07% by late October 2024. The significant decrease over this period suggests a deterioration in profitability or increased expenses impacting pre-tax earnings.
In the subsequent months, there has been a modest recovery, with the pretax margin rising to approximately 20.22% by mid-2025. Overall, the pretax margin demonstrates periods of expansion and contraction, influenced by internal and external factors impacting Cisco’s profitability during this timeframe.
Peer comparison
Jul 31, 2025