Analysis of Reportable Segments
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
| 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
| 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
| 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
| 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
| 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
| 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).