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Cisco Systems vs Verizon Communications: revenue, profit, margins and growth compared

Cisco Systems brought in $63.3B of revenue in fiscal 2026, Verizon Communications $138.2B in fiscal 2025. Revenue changed by +11.8% at Cisco Systems and +2.5% at Verizon Communications on the year before, so Cisco Systems grew faster. Cisco Systems kept 21.0% of its revenue as net profit, Verizon Communications 12.4%.

Side by side, latest fiscal year

CSCOVZ
Fiscal year endedFY2026 (July 25, 2026)FY2025 (December 31, 2025)
Revenue$63.3B$138.2B
Revenue growth+11.8%+2.5%
Net income$13.3B$17.2B
Net margin21.0%12.4%
Free cash flow$12.8Bn/a
Free cash flow margin20.2%n/a
Earnings per share (diluted)$3.33$4.06
Cash$7.2B$19B
Debt$22.9B$18.6B
Price to earnings32.011.6
Market value$420.6B$195.6B
Dividend yield1.56%5.81%
Rank by revenue in sector#5 of 51 · Telecommunications#1 of 51 · Telecommunications

Over the years

Revenue
CSCO FY2019: $51.9BCSCO FY2020: $49.3BCSCO FY2021: $49.8BCSCO FY2022: $51.6BCSCO FY2023: $57BCSCO FY2024: $53.8BCSCO FY2025: $56.7BCSCO FY2026: $63.3BVZ FY2018: $130.9BVZ FY2019: $131.9BVZ FY2020: $128.3BVZ FY2021: $133.6BVZ FY2022: $136.8BVZ FY2023: $134BVZ FY2024: $134.8BVZ FY2025: $138.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCO $63.3BVZ $138.2B
Net income
CSCO FY2019: $11.6BCSCO FY2020: $11.2BCSCO FY2021: $10.6BCSCO FY2022: $11.8BCSCO FY2023: $12.6BCSCO FY2024: $10.3BCSCO FY2025: $10.2BCSCO FY2026: $13.3BVZ FY2018: $15.5BVZ FY2019: $19.3BVZ FY2020: $17.8BVZ FY2021: $22.1BVZ FY2022: $21.3BVZ FY2023: $11.6BVZ FY2024: $17.5BVZ FY2025: $17.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCO $13.3BVZ $17.2B
Net margin
CSCO FY2019: 22.4%CSCO FY2020: 22.7%CSCO FY2021: 21.3%CSCO FY2022: 22.9%CSCO FY2023: 22.1%CSCO FY2024: 19.2%CSCO FY2025: 18.0%CSCO FY2026: 21.0%VZ FY2018: 11.9%VZ FY2019: 14.6%VZ FY2020: 13.9%VZ FY2021: 16.5%VZ FY2022: 15.5%VZ FY2023: 8.7%VZ FY2024: 13.0%VZ FY2025: 12.4%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCO 21.0%VZ 12.4%
Revenue growth
CSCO FY2020: -5.0%CSCO FY2021: +1.0%CSCO FY2022: +3.5%CSCO FY2023: +10.6%CSCO FY2024: -5.6%CSCO FY2025: +5.3%CSCO FY2026: +11.8%VZ FY2019: +0.8%VZ FY2020: -2.7%VZ FY2021: +4.1%VZ FY2022: +2.4%VZ FY2023: -2.1%VZ FY2024: +0.6%VZ FY2025: +2.5%FY19FY20FY21FY22FY23FY24FY25FY26
CSCO +11.8%VZ +2.5%
Free cash flow
CSCO FY2019: $14.9BCSCO FY2020: $14.7BCSCO FY2021: $14.8BCSCO FY2022: $12.7BCSCO FY2023: $19BCSCO FY2024: $10.2BCSCO FY2025: $13.3BCSCO FY2026: $12.8BVZ FY2018: $17.7BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCO $12.8BVZ $17.7B

Fiscal years as each company reports them; the two may end in different months.

Questions about Cisco Systems and Verizon Communications

Which is bigger by revenue, Cisco Systems or Verizon Communications?

Verizon Communications is bigger by revenue: $138.2B in fiscal 2025, against $63.3B for Cisco Systems in fiscal 2026.

Which keeps more of its revenue as profit, Cisco Systems or Verizon Communications?

Cisco Systems had a net margin of 21.0% in fiscal 2026; Verizon Communications had 12.4% in fiscal 2025.

Which grew revenue faster, Cisco Systems or Verizon Communications?

In their latest fiscal years revenue changed by +11.8% at Cisco Systems and +2.5% at Verizon Communications.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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