Quick Answer
CISCO SYSTEMS, INC. reported R&D Expense of $9.30 billion for fiscal year 2025.
CISCO SYSTEMS, INC. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $9.30B | +16.5% |
| 2024 | $7.98B | +5.7% |
| 2023 | $7.55B | +11.5% |
| 2022 | $6.77B | +3.4% |
| 2021 | $6.55B | +3.2% |
| 2020 | $6.35B | -3.5% |
| 2019 | $6.58B | +3.9% |
| 2018 | $6.33B | +4.5% |
| 2017 | $6.06B | -3.8% |
| 2016 | $6.30B | +1.4% |
| 2015 | $6.21B | -1.4% |
| 2014 | $6.29B | +5.9% |
| 2013 | $5.94B | +8.3% |
| 2012 | $5.49B | -5.8% |
| 2011 | $5.82B | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| January 31, 2026 | $2.35B | +2.4% | -1.9% |
| October 31, 2025 | $2.40B | +5.0% | +2.8% |
| April 30, 2025 | $2.33B | +19.9% | +1.6% |
| January 31, 2025 | $2.30B | +18.3% | +0.6% |
| October 31, 2024 | $2.29B | +19.5% | +17.4% |
| April 30, 2024 | $1.95B | -0.7% | +0.3% |
| January 31, 2024 | $1.94B | +4.7% | +1.6% |
| October 31, 2023 | $1.91B | +7.4% | -2.5% |
- CISCO SYSTEMS, INC. showed an increase of +16.5% in R&D Expense compared to the prior fiscal year.
- Over the 2011–2025 period, CISCO SYSTEMS, INC.’s r&d expense has grown by 59.7% (from $5.82 billion to $9.30 billion).
- The most recent figure is from CISCO SYSTEMS, INC.’s fiscal year 2025 report (Form 10-K), filed with the SEC on September 3, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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