Cisco Systems (CSCO) Stock Price vs Operating Income
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From Q3 2025 to Q3 2026, Cisco's Operating Income rose 24.7%, from $3.2B to $4.0B, while its stock price increased 56.96% over the same period, from $56.71 to $89.01 as of the latest filing date. The stock's outperformance relative to Operating Income growth indicates valuation expansion. Over the broader window from June 3, 2024 to June 2, 2026, the stock price climbed 171.7% from $46.65 to $126.67, while Operating Income fluctuated between $2.2B and $4.0B. The 0.86 correlation between the two metrics suggests they have generally moved in tandem, though the stock's steeper gains reflect investor confidence beyond near-term earnings power.
Trailing-12-month Operating Income was $12.5B as of 2021-05-01, -11% year over year. The stock moved +20% over the same window ($42.52 -> $50.91). The stock is now more richly valued relative to Operating Income than a year ago (multiple expansion).
Latest close: 127.18 USD (2026-06-02).
Operating Income | recent SEC reports
| Report date | Operating Income | Period |
|---|
| 2021-05-01 | 12.5B USD | Q3 10-Q |
| 2021-01-23 | 12.5B USD | Q2 10-Q |
| 2020-10-24 | 12.6B USD | Q1 10-Q |
| 2020-07-25 | 13.6B USD | FY 10-K |
| 2020-04-25 | 14.1B USD | Q3 10-Q |
| 2020-01-25 | 14.2B USD | Q2 10-Q |
| 2019-10-26 | 14.0B USD | Q1 10-Q |
| 2019-07-27 | 14.2B USD | FY 10-K |
Sources: autario.com/data/stock-csco-cisco-daily-prices · autario.com/data/cisco-systems-operating-income-sec-filings | data verified and hosted on autario.com.