Company: Cisco Systems, Inc.
Ticker: CSCO
Form: 10-K
Filed: 2025-09-03
Fiscal Period: {"fp": "FY", "fy": 2025}

Question: What was Cisco Systems, Inc.'s net margin in fiscal year 2025?
Question Type: derived_ratio

Concept: NetIncomeLoss
RevenueFromContractWithCustomerExcludingAssessedTax
Answer (Numeric): 17.97
Answer (Display): 17.97%
Unit: percent

Evidence:
[{"chunk_id": "165", "equivalent_chunk_ids": ["165"], "section": "Consolidated Statements of Operations", "supports": ["numerator", "denominator"], "text": "(in millions, except per-share amounts)\nYears Ended\nJuly 26, 2025\nJuly 27, 2024\nJuly 29, 2023\nREVENUE:\nProduct\n41,608\n39,253\n43,142\nServices\n15,046\n14,550\n13,856\nTotal revenue\n56,654\n53,803\n56,998\nCOST OF SALES:\nProduct\n15,121\n14,339\n16,590\nServices\n4,743\n4,636\n4,655\nTotal cost of sales\n19,864\n18,975\n21,245\nGROSS MARGIN\n36,790\n34,828\n35,753\nOPERATING EXPENSES:\nResearch and development\n9,300\n7,983\n7,551\nSales and marketing\n10,966\n10,364\n9,880\nGeneral and administrative\n2,992\n2,813\n2,478\nAmortization of purchased intangible assets\n1,028\nRestructuring and other charges\nTotal operating expenses\n25,030\n22,647\n20,722\nOPERATING INCOME\n11,760\n12,181\n15,031\nInterest income\n1,001\n1,365\nInterest expense\n1,593\n1,006\nOther income (loss), net\nInterest and other income (loss), net\nINCOME BEFORE PROVISION FOR INCOME TAXES\n11,100\n12,234\n15,318\nProvision for income taxes\n1,914\n2,705\nNET INCOME\n10,180\n10,320\n12,613\nNet income per share:\nBasic\n2.56\n2.55\n3.08\nDiluted\n2.55\n2.54\n3.07\nShares used in per-share calculation:\nBasic\n3,976\n4,043\n4,093\nDiluted\n3,998\n4,062\n4,105\nSee Notes to Consolidated Financial Statements.\nCISCO SYSTEMS, INC."}]

Derivation: {"denominator": "revenue", "denominator_value": 56654.0, "format": "percentage", "numerator": "net_income", "numerator_value": 10180.0, "op": "divide"}