CSCO · 10-Q · 2026Q2 · Full report

Capital Return Program

CISCO SYSTEMS, INC. · 2026-05-19 · Importance 59 · Surprise 22 · Matches filing data

Cisco targets returning at least 50% of annual free cash flow to stockholders through dividends and common-stock repurchases. Free cash flow was $7.8 billion in the first nine months of fiscal 2026, down from $9.3 billion in the comparable fiscal 2025 period, after $8.8 billion of operating cash flow and $1.0 billion of property-and-equipment purchases. Cisco paid $4.9 billion of dividends and repurchased $4.6 billion of common stock during the first nine months, while its April 25, 2026 repurchase authorization balance was approximately $9.6 billion with no termination date; the board also declared a $0.42-per-share dividend payable July 22, 2026.

Key facts

• As of April 25, 2026, the remaining authorized amount for stock repurchases under Cisco's program: approximately $9.6 billion, with no termination date. source
• Shares repurchased for tax withholdings on vesting of restricted stock units in the first nine months of fiscal 2026: $1.4 billion. source
• Cash dividends paid in the first nine months of fiscal 2026: $4.9 billion. source
• Repurchases of common stock in the first nine months of fiscal 2026: $4.6 billion. source
• Dividend for quarter ended April 25, 2026: $0.42 per share; amount paid $1,660 million. source
• Cisco targets to return a minimum of 50% of its free cash flow annually to stockholders through cash dividends and repurchases of common stock. source
• Stock repurchases in quarter ended April 25, 2026: shares 1,252 million, weighted-average price per share $80.28, amount $1,252 million (table shows shares and amount in millions). source
• Dividend for quarter ended January 24, 2026: $0.41 per share; amount paid $1,617 million; stock repurchases amount $1,351 million at weighted-average price $76.29. source

Impact estimates