CDW Corporation (CDW) financials
CDW revenue and earnings by year
CDW's revenue was $22.4 billion in the fiscal year to December 31, 2025, up 6.8% from the year before. Net income was $1.07 billion, 4.8% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 5.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22.4 | 21.0 | 21.4 | 23.7 | 20.8 | 18.5 | 18.0 | 16.2 | 14.8 | 13.7 |
| Revenue growth | 6.8% | -1.8% | -10.0% | 14.1% | 12.7% | 2.4% | 11.0% | 9.5% | 8.5% | — |
| Gross profit | 4.9 | 4.6 | 4.7 | 4.7 | 3.6 | 3.2 | 3.0 | 2.7 | 2.5 | 2.3 |
| Gross margin | 21.7% | 21.9% | 21.8% | 19.7% | 17.1% | 17.4% | 16.9% | 16.7% | 16.5% | 17.0% |
| Operating income | 1.7 | 1.7 | 1.7 | 1.7 | 1.4 | 1.2 | 1.1 | 1.0 | 0.9 | 0.8 |
| Operating margin | 7.4% | 7.9% | 7.9% | 7.3% | 6.8% | 6.4% | 6.3% | 6.1% | 5.8% | 6.0% |
| Net income | 1.1 | 1.1 | 1.1 | 1.1 | 1.0 | 0.8 | 0.7 | 0.6 | 0.5 | 0.4 |
| Net margin | 4.8% | 5.1% | 5.2% | 4.7% | 4.7% | 4.3% | 4.1% | 4.0% | 3.5% | 3.1% |
| Diluted EPS | $8.08 | $7.97 | $8.10 | $8.13 | $7.04 | $5.45 | $4.99 | $4.19 | $3.33 | $2.55 |
| Free cash flow | 1.1 | 1.2 | 1.5 | 1.2 | 0.7 | 1.2 | 0.8 | 0.8 | 0.7 | 0.5 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open CDW in Markets.
How CDW makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Total Hardware | $4.91B | 74.6% |
| Software Products | $1.11B | 17.0% |
| Services | $521M | 7.9% |
| Other | $32.2M | 0.5% |
See also: CDW valuation and P/E history · CDW returns
No forecast, no recommendation. This page describes CDW Corporation from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.