Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

Analysis of Reportable Segments 

Microsoft Excel

Cisco Systems Inc. operates in 3 segments: Americas; Europe, Middle East, and Africa (EMEA); and Asia Pacific, Japan, and China (APJC).


Segment Profit Margin

Cisco Systems Inc., profit margin by reportable segment

Microsoft Excel
Jul 27, 2024 Jul 29, 2023 Jul 30, 2022 Jul 31, 2021 Jul 25, 2020 Jul 27, 2019
Americas 66.85% 63.83% 64.12% 66.87% 66.73% 65.76%
Europe, Middle East, and Africa (EMEA) 69.10% 66.18% 65.40% 65.37% 65.60% 64.56%
Asia Pacific, Japan, and China (APJC) 67.22% 64.44% 65.29% 64.22% 63.76% 59.45%

Based on: 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27).

Segment profitability ratio Reportable segment The company
Segment profit margin Americas Americas segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.
Europe, Middle East, and Africa (EMEA) Europe, Middle East, and Africa (EMEA) segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.
Asia Pacific, Japan, and China (APJC) Asia Pacific, Japan, and China (APJC) segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Segment Profit Margin: Americas

Cisco Systems Inc.; Americas; segment profit margin calculation

Microsoft Excel
Jul 27, 2024 Jul 29, 2023 Jul 30, 2022 Jul 31, 2021 Jul 25, 2020 Jul 27, 2019
Selected Financial Data (US$ in millions)
Gross margin 21,372 21,350 19,117 19,499 19,547 20,338
Revenue 31,971 33,447 29,814 29,161 29,291 30,927
Segment Profitability Ratio
Segment profit margin1 66.85% 63.83% 64.12% 66.87% 66.73% 65.76%

Based on: 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27).

1 2024 Calculation
Segment profit margin = 100 × Gross margin ÷ Revenue
= 100 × 21,372 ÷ 31,971 = 66.85%

Segment profitability ratio Reportable segment The company
Segment profit margin Americas Americas segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Segment Profit Margin: Europe, Middle East, and Africa (EMEA)

Cisco Systems Inc.; Europe, Middle East, and Africa (EMEA); segment profit margin calculation

Microsoft Excel
Jul 27, 2024 Jul 29, 2023 Jul 30, 2022 Jul 31, 2021 Jul 25, 2020 Jul 27, 2019
Selected Financial Data (US$ in millions)
Gross margin 9,755 10,016 8,969 8,466 8,304 8,457
Revenue 14,117 15,135 13,715 12,951 12,659 13,100
Segment Profitability Ratio
Segment profit margin1 69.10% 66.18% 65.40% 65.37% 65.60% 64.56%

Based on: 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27).

1 2024 Calculation
Segment profit margin = 100 × Gross margin ÷ Revenue
= 100 × 9,755 ÷ 14,117 = 69.10%

Segment profitability ratio Reportable segment The company
Segment profit margin Europe, Middle East, and Africa (EMEA) Europe, Middle East, and Africa (EMEA) segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Segment Profit Margin: Asia Pacific, Japan, and China (APJC)

Cisco Systems Inc.; Asia Pacific, Japan, and China (APJC); segment profit margin calculation

Microsoft Excel
Jul 27, 2024 Jul 29, 2023 Jul 30, 2022 Jul 31, 2021 Jul 25, 2020 Jul 27, 2019
Selected Financial Data (US$ in millions)
Gross margin 5,187 5,424 5,241 4,949 4,688 4,683
Revenue 7,716 8,417 8,027 7,706 7,352 7,877
Segment Profitability Ratio
Segment profit margin1 67.22% 64.44% 65.29% 64.22% 63.76% 59.45%

Based on: 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27).

1 2024 Calculation
Segment profit margin = 100 × Gross margin ÷ Revenue
= 100 × 5,187 ÷ 7,716 = 67.22%

Segment profitability ratio Reportable segment The company
Segment profit margin Asia Pacific, Japan, and China (APJC) Asia Pacific, Japan, and China (APJC) segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Revenue

Cisco Systems Inc., revenue by reportable segment

US$ in millions

Microsoft Excel
Jul 27, 2024 Jul 29, 2023 Jul 30, 2022 Jul 31, 2021 Jul 25, 2020 Jul 27, 2019
Americas 31,971 33,447 29,814 29,161 29,291 30,927
Europe, Middle East, and Africa (EMEA) 14,117 15,135 13,715 12,951 12,659 13,100
Asia Pacific, Japan, and China (APJC) 7,716 8,417 8,027 7,706 7,352 7,877
Segment total 53,804 56,999 51,556 49,818 49,302 51,904

Based on: 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27).


Gross margin

Cisco Systems Inc., gross margin by reportable segment

US$ in millions

Microsoft Excel
Jul 27, 2024 Jul 29, 2023 Jul 30, 2022 Jul 31, 2021 Jul 25, 2020 Jul 27, 2019
Americas 21,372 21,350 19,117 19,499 19,547 20,338
Europe, Middle East, and Africa (EMEA) 9,755 10,016 8,969 8,466 8,304 8,457
Asia Pacific, Japan, and China (APJC) 5,187 5,424 5,241 4,949 4,688 4,683
Segment total 36,314 36,790 33,327 32,914 32,539 33,478

Based on: 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27).