Cisco Systems (CSCO) Stock Inflation-Adjusted

Cisco Systems, Inc. (CSCO) is a global leader in networking hardware, software and services that power the internet.

To truly understand an investment's performance, it is essential to look beyond its nominal price and consider the effects of inflation. This page adjusts Cisco's historical stock prices using the US Consumer Price Index, providing a clear view of its real, inflation-adjusted growth.

Nominal prices are adjusted for stock splits and assume reinvestment of any dividends to reflect total return. Inflation-adjusted prices use June 2025 as the baseline (latest available CPI).

The current value of Cisco Systems stock is 67.18 (as of the close of Jul 15, 2025), 3.16% lower than the all-time high of 69.37 (Jul 3, 2025).

While the nominal high reached 69.37, the inflation-adjusted peak value was 103.63 on March 27, 2000.

Since March 26, 1990, the inflation-adjusted total return for the stock has been 46,237%, which is equivalent to an annual growth rate of 18.99%.

In nominal values, the total return since this date has been 116,036%, or an annualized rate of 22.13%.

Inflation-Adjusted Values by Month

This data presents Cisco's end-of-month closing levels over time. Inflation-adjusted figures show what past levels would be worth using roughly today's purchasing power (based on the latest CPI data). The latest entry in the table will have equal nominal and adjusted values until the next CPI figures are released.

Date Inflation-Adjusted Nominal value
Jul 2025 67.18 67.18
Jun 2025 68.93 68.93
May 2025 62.85 62.63
Apr 2025 57.67 57.36
Mar 2025 61.45 60.93
Feb 2025 63.99 63.3
Jan 2025 60.75 59.83
Dec 2024 59.34 58.06
Nov 2024 59.37 58.07
Oct 2024 54.88 53.71
Sep 2024 52.99 51.8
Aug 2024 50.4 49.19
Jul 2024 48.36 47.16
Jun 2024 47.08 45.85
May 2024 46.09 44.88
Apr 2024 46.64 45.34
Mar 2024 49.35 47.78
Feb 2024 48.13 46.31
Jan 2024 50.24 48.04
Dec 2023 50.47 47.99
Nov 2023 48.28 45.96
Oct 2023 51.92 49.52
Sep 2023 53.14 50.71
Aug 2023 56.83 54.09
Jul 2023 51.79 49.09
Jun 2023 51.21 48.44
May 2023 49.32 46.5
Apr 2023 47.03 44.23
Mar 2023 51.92 48.58
Feb 2023 48.24 44.99
Jan 2023 48.76 45.23
Dec 2022 47.73 43.92
Nov 2022 49.67 45.84
Oct 2022 45.33 41.88
Sep 2022 39.71 36.54
Aug 2022 44.49 40.85
Jul 2022 45.12 41.45
Jun 2022 42.03 38.61
May 2022 45.01 40.79
Apr 2022 49.48 44.35
Mar 2022 56.26 50.15
Feb 2022 57.02 50.16
Jan 2022 57.44 50.07
Dec 2021 65.55 56.66
Nov 2021 56.9 49.03
Oct 2021 58.36 50.04
Sep 2021 56.85 48.34
Aug 2021 61.81 52.42
Jul 2021 58.1 49.18
Jun 2021 55.5 46.75
May 2021 55.91 46.66
Apr 2021 54.24 44.9
Mar 2021 55.15 45.29
Feb 2021 48.19 39.3
Jan 2021 48.15 39.04
Dec 2020 48.15 38.88
Nov 2020 46.33 37.38
Oct 2020 38.64 31.19
Sep 2020 42.03 33.91
Aug 2020 45.11 36.35
Jul 2020 50.48 40.55
Jun 2020 49.85 39.84
May 2020 51.39 40.85
Apr 2020 45.55 36.2
Mar 2020 41.58 33.27
Feb 2020 42.14 33.79
Jan 2020 48.65 38.91
Dec 2019 50.58 40.3
Nov 2019 47.74 38.07
Oct 2019 50.03 39.92
Sep 2019 51.76 41.2
Aug 2019 49.08 39.04
Jul 2019 58.08 46.2
Jun 2019 57.12 45.36
May 2019 54.31 43.12
Apr 2019 58.53 46.37
Mar 2019 56.42 44.46
Feb 2019 54.41 42.64
Jan 2019 49.91 38.95
Dec 2018 45.47 35.41
Nov 2018 50.07 39.12
Oct 2018 47.69 37.39
Sep 2018 50.47 39.49
Aug 2018 49.61 38.78
Jul 2018 43.94 34.33
Jun 2018 44.37 34.66
May 2018 44.11 34.41
Apr 2018 45.93 35.68
Mar 2018 44.31 34.28
Feb 2018 46.36 35.79
Jan 2018 43.2 33.2
Dec 2017 39.76 30.38
Nov 2017 38.7 29.59
Oct 2017 35.43 27.09
Sep 2017 34.57 26.45
Aug 2017 33.29 25.34
Jul 2017 32.6 24.74
Jun 2017 32.12 24.39
May 2017 32.39 24.57
Apr 2017 35.03 26.55
Mar 2017 34.56 26.12
Feb 2017 34.97 26.41
Jan 2017 31.53 23.74
Dec 2016 30.93 23.15
Nov 2016 30.54 22.85
Oct 2016 31.37 23.51
Sep 2016 32.21 24.11
Aug 2016 32 23.89
Jul 2016 31.1 23.2
Jun 2016 28.92 21.61
May 2016 29.38 21.88
Apr 2016 27.91 20.7
Mar 2016 28.78 21.25
Feb 2016 26.58 19.54
Jan 2016 24.18 17.76
Dec 2015 27.43 20.12
Nov 2015 27.43 20.18
Oct 2015 28.98 21.37
Sep 2015 26.15 19.29
Aug 2015 25.74 19.02
Jul 2015 28.22 20.88
Jun 2015 27.07 20.02
May 2015 28.99 21.37
Apr 2015 28.66 21.02
Mar 2015 27.42 20.08
Feb 2015 29.35 21.36
Jan 2015 26.34 19.08
Dec 2014 27.47 20
Nov 2014 27.14 19.87
Oct 2014 23.9 17.59
Sep 2014 24.52 18.09
Aug 2014 24.18 17.83
Jul 2014 24.37 18
Jun 2014 23.81 17.6
May 2014 23.64 17.43
Apr 2014 22.26 16.36
Mar 2014 21.49 15.74
Feb 2014 21.03 15.31
Jan 2014 21.21 15.38
Dec 2013 21.63 15.63
Nov 2013 20.49 14.81
Oct 2013 21.71 15.72
Sep 2013 22.33 16.21
Aug 2013 22.24 16.13
Jul 2013 24.45 17.7
Jun 2013 23.1 16.72
May 2013 22.95 16.57
Apr 2013 19.94 14.37
Mar 2013 19.9 14.36
Feb 2013 19.91 14.33
Jan 2013 19.79 14.13
Dec 2012 18.97 13.5
Nov 2012 18.2 12.99
Oct 2012 16.43 11.78
Sep 2012 18.29 13.12
Aug 2012 18.35 13.11
Jul 2012 15.43 10.96
Jun 2012 16.58 11.8
May 2012 15.75 11.22
Apr 2012 19.42 13.85
Mar 2012 20.43 14.53
Feb 2012 19.35 13.66
Jan 2012 19.21 13.5
Dec 2011 17.75 12.42
Nov 2011 18.26 12.81
Oct 2011 18.14 12.73
Sep 2011 15.14 10.65
Aug 2011 15.33 10.77
Jul 2011 15.66 10.97
Jun 2011 15.32 10.72
May 2011 16.48 11.54
Apr 2011 17.26 12.04
Mar 2011 17.01 11.78
Feb 2011 18.58 12.75
Jan 2011 21.28 14.53
Dec 2010 20.45 13.9
Nov 2010 19.4 13.16
Oct 2010 23.16 15.7
Sep 2010 22.22 15.05
Aug 2010 20.29 13.73
Jul 2010 23.45 15.85
Jun 2010 21.67 14.64
May 2010 23.52 15.91
Apr 2010 27.37 18.5
Mar 2010 26.5 17.88
Feb 2010 24.88 16.71
Jan 2010 22.98 15.44
Dec 2009 24.57 16.45
Nov 2009 23.97 16.08
Oct 2009 23.38 15.67
Sep 2009 24.15 16.17
Aug 2009 22.18 14.84
Jul 2009 22.65 15.12
Jun 2009 19.16 12.81
May 2009 19.17 12.71
Apr 2009 20.08 13.27
Mar 2009 17.47 11.52
Feb 2009 15.22 10.01
Jan 2009 15.71 10.28
Dec 2008 17.18 11.2
Nov 2008 17.25 11.36
Oct 2008 18.18 12.21
Sep 2008 22.85 15.5
Aug 2008 24.33 16.52
Jul 2008 22.15 15.11
Jun 2008 23.56 15.98
May 2008 27.33 18.36
Apr 2008 26.45 17.61
Mar 2008 25 16.55
Feb 2008 25.53 16.76
Jan 2008 25.72 16.83
Dec 2007 28.56 18.6
Nov 2007 29.54 19.25
Oct 2007 35.06 22.71
Sep 2007 35.21 22.76
Aug 2007 34.02 21.93
Jul 2007 30.76 19.86
Jun 2007 29.62 19.13
May 2007 28.69 18.49
Apr 2007 28.67 18.37
Mar 2007 27.55 17.54
Feb 2007 28.25 17.82
Jan 2007 29.14 18.29
Dec 2006 30.01 18.78
Nov 2006 29.59 18.49
Oct 2006 26.5 16.58
Sep 2006 25.1 15.79
Aug 2006 23.9 15.11
Jul 2006 19.47 12.28
Jun 2006 21.33 13.42
May 2006 21.54 13.52
Apr 2006 23.04 14.39
Mar 2006 24.03 14.89
Feb 2006 22.57 13.9
Jan 2006 20.75 12.76
Dec 2005 19.28 11.76
Nov 2005 19.67 12.05
Oct 2005 19.41 11.99
Sep 2005 19.98 12.31
Aug 2005 19.88 12.1
Jul 2005 21.72 13.16
Jun 2005 21.74 13.11
May 2005 22.11 13.33
Apr 2005 19.67 11.86
Mar 2005 20.51 12.29
Feb 2005 20.13 11.97
Jan 2005 20.96 12.39
Dec 2004 22.5 13.27
Nov 2004 21.75 12.88
Oct 2004 22.3 13.2
Sep 2004 21.12 12.43
Aug 2004 21.94 12.89
Jul 2004 24.48 14.37
Jun 2004 27.69 16.28
May 2004 26.21 15.37
Apr 2004 24.65 14.37
Mar 2004 27.87 16.19
Feb 2004 27.56 15.91
Jan 2004 30.76 17.66
Dec 2003 29.13 16.65
Nov 2003 27.26 15.59
Oct 2003 25.07 14.38
Sep 2003 23.44 13.46
Aug 2003 22.98 13.15
Jul 2003 23.49 13.39
Jun 2003 20.25 11.53
May 2003 19.82 11.27
Apr 2003 18.08 10.31
Mar 2003 15.62 8.92
Feb 2003 16.92 9.6
Jan 2003 16.31 9.19
Dec 2002 16.05 9
Nov 2002 18.24 10.25
Oct 2002 13.67 7.68
Sep 2002 12.83 7.2
Aug 2002 16.95 9.49
Jul 2002 16.23 9.06
Jun 2002 17.18 9.58
May 2002 19.45 10.84
Apr 2002 18.06 10.06
Mar 2002 20.98 11.63
Feb 2002 17.79 9.8
Jan 2002 24.78 13.6
Dec 2001 22.71 12.44
Nov 2001 25.53 14.04
Oct 2001 21.1 11.62
Sep 2001 15.14 8.37
Aug 2001 20.39 11.22
Jul 2001 24 13.2
Jun 2001 22.66 12.5
May 2001 24.02 13.23
Apr 2001 21.27 11.67
Mar 2001 19.89 10.86
Feb 2001 29.86 16.27
Jan 2001 47.38 25.72
Dec 2000 48.71 26.28
Nov 2000 60.94 32.89
Oct 2000 68.61 37.01
Sep 2000 70.49 37.96
Aug 2000 88.01 47.15
Jul 2000 83.92 44.96
Jun 2000 81.7 43.67
May 2000 73.57 39.12
Apr 2000 89.69 47.63
Mar 2000 100.07 53.11
Feb 2000 86.26 45.41
Jan 2000 71.88 37.61
Dec 1999 70.53 36.8
Nov 1999 58.72 30.64
Oct 1999 48.75 25.42
Sep 1999 45.25 23.55
Aug 1999 44.96 23.29
Jul 1999 41.29 21.34
Jun 1999 42.96 22.13
May 1999 36.33 18.72
Apr 1999 38.02 19.59
Mar 1999 36.79 18.82
Feb 1999 32.94 16.8
Jan 1999 37.62 19.16
Dec 1998 31.37 15.94
Nov 1998 25.46 12.95
Oct 1998 21.28 10.82
Sep 1998 20.93 10.62
Aug 1998 18.51 9.37
Jul 1998 21.67 10.96
Jun 1998 20.86 10.54
May 1998 17.16 8.66
Apr 1998 16.65 8.39
Mar 1998 15.57 7.83
Feb 1998 15.03 7.54
Jan 1998 14.41 7.22
Dec 1997 12.77 6.38
Nov 1997 13.15 6.58
Oct 1997 12.5 6.26
Sep 1997 11.16 5.58
Aug 1997 11.54 5.75
Jul 1997 12.21 6.07
Jun 1997 10.31 5.12
May 1997 10.42 5.17
Apr 1997 7.95 3.95
Mar 1997 7.41 3.67
Feb 1997 8.58 4.25
Jan 1997 10.79 5.32
Dec 1996 9.88 4.86
Nov 1996 10.54 5.18
Oct 1996 9.62 4.72
Sep 1996 9.68 4.74
Aug 1996 8.26 4.03
Jul 1996 8.12 3.95
Jun 1996 8.9 4.32
May 1996 8.61 4.18
Apr 1996 8.17 3.96
Mar 1996 7.33 3.54
Feb 1996 7.55 3.63
Jan 1996 6.64 3.18
Dec 1995 5.99 2.85
Nov 1995 6.74 3.21
Oct 1995 6.21 2.96
Sep 1995 5.54 2.63
Aug 1995 5.28 2.5
Jul 1995 4.5 2.13
Jun 1995 4.08 1.93
May 1995 3.54 1.67
Apr 1995 3.23 1.52
Mar 1995 3.1 1.46
Feb 1995 2.75 1.29
Jan 1995 2.73 1.27
Dec 1994 2.89 1.34
Nov 1994 2.65 1.23
Oct 1994 2.48 1.15
Sep 1994 2.26 1.04
Aug 1994 2.05 0.95
Jul 1994 1.74 0.8
Jun 1994 1.94 0.89
May 1994 2.07 0.94
Apr 1994 2.53 1.16
Mar 1994 2.86 1.31
Feb 1994 3.09 1.41
Jan 1994 3.05 1.38
Dec 1993 2.73 1.23
Nov 1993 2.37 1.07
Oct 1993 2.17 0.98
Sep 1993 2.12 0.95
Aug 1993 2.03 0.91
Jul 1993 2.21 0.99
Jun 1993 2.33 1.04
May 1993 2.31 1.03
Apr 1993 1.76 0.79
Mar 1993 1.92 0.85
Feb 1993 1.89 0.84
Jan 1993 1.91 0.84
Dec 1992 1.71 0.75
Nov 1992 1.62 0.71
Oct 1992 1.3 0.57
Sep 1992 1.15 0.5
Aug 1992 1.02 0.45
Jul 1992 1.17 0.51
Jun 1992 1.03 0.45
May 1992 1.01 0.44
Apr 1992 0.81 0.35
Mar 1992 0.87 0.38
Feb 1992 0.9 0.39
Jan 1992 0.84 0.36
Dec 1991 0.74 0.32
Nov 1991 0.55 0.24
Oct 1991 0.55 0.23
Sep 1991 0.46 0.2
Aug 1991 0.51 0.22
Jul 1991 0.44 0.19
Jun 1991 0.35 0.15
May 1991 0.37 0.15
Apr 1991 0.34 0.14
Mar 1991 0.28 0.12
Feb 1991 0.32 0.13
Jan 1991 0.33 0.14
Dec 1990 0.26 0.11
Nov 1990 0.23 0.094
Oct 1990 0.17 0.07
Sep 1990 0.13 0.054
Aug 1990 0.14 0.059
Jul 1990 0.15 0.061
Jun 1990 0.16 0.063
May 1990 0.15 0.059
Apr 1990 0.14 0.057
Mar 1990 0.14 0.056

Returns from Investing in Cisco Systems stock

How much did an investment in Cisco really grow each year after accounting for inflation? The following chart contains the inflation-adjusted real annual percentage returns.

Detailed Annual Returns (Adjusted vs. Nominal)

The table below shows the returns for Cisco Systems stock by year, both inflation-adjusted and nominal. You can sort any column by clicking on the header.

Observe how inflation erodes nominal gains, sometimes resulting in a negative real return even when the stock price nominally increased, as in 2015.

Year Inflation-Adjusted Return Nominal Return
2024 17.57% 20.96%
2023 5.73% 9.27%
2022 -27.18% -22.48%
2021 36.15% 45.73%
2020 -4.81% -3.51%
2019 11.25% 13.79%
2018 14.36% 16.55%
2017 28.52% 31.23%
2016 12.76% 15.1%
2015 -0.13% 0.6%
2014 26.98% 27.94%
2013 14.07% 15.78%
2012 6.82% 8.68%
2011 -13.2% -10.63%
2010 -16.74% -15.5%
2009 42.98% 46.87%
2008 -39.84% -39.79%
2007 -4.84% -0.95%
2006 55.68% 59.64%
2005 -14.31% -11.39%
2004 -22.78% -20.26%
2003 81.55% 84.96%
2002 -29.34% -27.66%
2001 -53.38% -52.65%
2000 -30.93% -28.59%
1999 124.81% 130.84%
1998 145.76% 149.72%
1997 29.23% 31.43%
1996 65.04% 70.52%
1995 107.2% 112.46%
1994 5.87% 8.7%
1993 59.99% 64.39%
1992 130.67% 137.36%
1991 186.49% 195.26%

Cisco Systems Stock: Average Annualized Returns

Annualized returns show the average rate of growth per year, making it easier to compare performance across different time periods. While nominal returns indicate the headline growth, adjusting for inflation reveals the actual change in purchasing power.

This table presents both nominal and inflation-adjusted average annual returns for Cisco over various trailing periods ending June 30, 2025, offering a clearer view of long-term, real investment performance.

Period Avg. Annual Return (Inflation-Adjusted) Avg. Annual Return (Nominal)
Last 1 year 46.43% 50.34%
Last 3 years 17.93% 21.31%
Last 5 years 6.7% 11.59%
Last 10 years 9.8% 13.16%
Last 20 years 5.94% 8.65%
Last 30 years 9.88% 12.66%

Real Returns of Investing in the Cisco

The chart and table below show the nominal and inflation-adjusted value of a hypothetical $100 investment over various long-term historical periods, ending in June 2025.

The inflation-adjusted line, in green, represents the real increase in purchasing power for the initial investment. Observe the gap between both lines, which illustrates the cumulative effect of inflation over time.

Even over just five years, inflation takes a noticeable bite out of investments. Investing $100 in the Cisco five years ago yielded an 103.98% nominal gain, but the real return (the actual increase in buying power) was 63.58%.

As investment periods get longer, the difference between reported nominal returns and the inflation-adjusted gains usually becomes much greater due to the compounding effect of inflation over time.

Investment Period What $100 Grew To (Nominal) Total Nominal Return (%) Total Inflation-Adjusted Return (%)
Last 5 years Feb 2020 - Jun 2025 $203.98 103.98% 63.58%
Last 10 years Feb 2015 - Jun 2025 $322.76 222.76% 134.87%
Last 25 years Feb 2000 - Jun 2025 $151.81 51.81% -20.08%

How Inflation Affects Cisco

Cisco's business is moderately affected by inflation, with impacts primarily seen in its supply chain and operational costs.

  • Component and Manufacturing Costs: The production of networking hardware, such as routers and switches, is dependent on semiconductors and other electronic components. Inflation can increase the cost of these parts, squeezing profit margins.
  • Supply Chain Logistics: Global inflation can drive up shipping and logistics expenses, adding to the cost of getting products to customers.
  • Labor Costs: Competition for skilled talent in the technology sector can lead to wage inflation for engineers, sales and support staff.
  • Enterprise Spending: During inflationary periods, some corporate customers may delay IT infrastructure upgrades to conserve capital, potentially slowing revenue growth.

Cisco mitigates these factors by leveraging its scale for favorable supplier pricing, diversifying its supply chain and focusing on software and subscription-based services, which have higher margins and are less susceptible to inflation than hardware.

About Cisco

Cisco Systems, Inc. designs, manufactures and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology industry.

The company's portfolio includes networking solutions, collaboration tools, data center technologies and cybersecurity products. Cisco is transitioning towards a more software and subscription-focused business model.

Headquartered in San Jose, California, Cisco is a key component of the Dow Jones Industrial Average and the S&P 500, reflecting its foundational role in the internet economy.

Last Close
Jul 15, 2025
67.18
Highest
Jul 3, 2025
69.37
Highest, Inflation-Adjusted
Mar 27, 2000
103.63
Annualized return
Since Mar 26, 1990
22.13%
Annualized return, Inflation-Adjusted
Since Mar 26, 1990
18.99%

More in Stocks

Other Inflation-Adjusted Data