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  2. SECTOR : SOFTWARE & SERVICES
  3. INDUSTRY : INFORMATION TECHNOLOGY SERVICES
  4. CDW CORP
CDW Corp
XNAS: CDW
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135.43-4.03(-2.89%)
39.45% Gain from 52W Low
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XNAS 25 Sep, 2026 5:30 PM (EDT)

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CDW quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Forecaster Analyst Estimates for CDW share price target, revenues, EPS, net income and more

CDW quarterly results: revenue, profit, and P&L – 13 quarter history

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  • POSITIVE

    Quarterly Revenue CDW Jun-2026 Quarterly Revenue is $6,572 Million which is growth of 10.0% YoY.

  • POSITIVE

    Quarterly Net Profit CDW Jun-2026 Quarterly Net Profit is $274 Million which is growth of 1.2% YoY.

CDW Corp, Earnings Report - Quarterly Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
Operating Rev.
6,572.25,679.85,5115,737.45,976.65,199.15,1865,516.65,423.44,872.75,018.55,628.35,626.1
Cost Of Rev.
5,252.44,489.84,256.64,481.94,735.44,076.84,030.74,315.94,240.33,809.43,864.74,400.64,444.6
Gross Profit
1,319.81,1901,254.41,255.51,241.21,122.31,155.31,200.71,183.11,063.31,153.81,227.71,181.5
⌄
891.2814823.7812.2821760.9746.7719.1750735.3718.8749.3769.3
Operating Profit
428.6376430.7443.3420.2361.4408.6481.6433.1328435478.4412.2
⌄
-60.2-55.3-58.5-55-56.8-57.1-56.5-54.4-52.3-51.3-53.3-57.4-58.2
Profit Before Tax
372.9319369.1389.4364.9304351.5427.6379.7276.6380.7419.8353.4
Tax
98.583.689.698.493.779.187.3111.298.660.584.6104.390.8
⌄
274.4235.4279.5291271.2224.9264.2316.4281.1216.1296.1315.5262.6
Diluted NI Avail to Com Stockholders Ann.
274.4235.4279.5291271.2224.9264.2316.4281.1216.1296.1315.5262.6
Basic EPS
2.21.82.22.22.11.722.42.11.62.22.42
Diluted EPS After ExtraOrdinary
2.21.82.12.22.11.722.32.11.62.22.31.9
Number Of Shares End
127129130.1131131.6132.5133.2133.5134.1134.4134134.1134.6
Net Income Continuing Discontinued Operations
274.4235.4279.5291271.2224.9264.2316.4281.1216.1296.1315.5262.6
Normalized Income
274.4235.4279.5291271.2224.9264.2316.4281.1216.1296.1315.5262.6
Interest Income
-------------
Interest
60.255.358.55556.857.156.554.452.351.353.357.458.2
Net Interest Income
-60.2-55.3-58.5-55-56.8-57.1-56.5-54.4-52.3-51.3-53.3-57.4-58.2
EBIT
433.1374.3427.6444.4421.7361.1408482432327.9434477.2411.6
EBITDA
508.2449.4501.7517.7495436477.5551.1501.4395.2502.1543.2477.5
Reconciled Cost Of Rev.
5,252.44,489.84,256.64,481.94,735.44,076.84,030.74,315.94,240.33,809.43,864.74,400.64,444.6
Reconciled Depr.
75.175.174.173.373.374.969.569.169.467.368.16665.9
Profit From Continuing Operations
274.4235.4279.5291271.2224.9264.2316.4281.1216.1296.1315.5262.6
Normalized EBITDA
508.2449.4501.7517.7495436477.5551.1501.4395.2502.1543.2477.5
*All financials are in USD Million and price data in USD
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CDW competitor comparison and performance snapshot within industry

CDW annual results: revenue, profit, P&L, and margins as of Dec 2025 – 11 year history

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  • POSITIVE

    Annual Revenue CDW Dec-2025 Annual Revenue is $22,424 Million which is growth of 6.8% YoY.

  • NEGATIVE

    Annual Net Profit CDW Dec-2025 Annual Net Profit is $1,067 Million which is growth of -1.0% YoY.

CDW Corp, Earnings Report - Annual Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
⌄
-1.9%
4%
 22,424.120,998.721,37623,748.720,820.818,467.518,032.416,240.515,191.513,981.912,988.7
Cost Of Rev. Ann.
-2.7%
2.8%
18,480.717,550.716,396.316,723.619,062.117,252.315,257.414,992.513,533.612,741.611,654.710,872.9
Gross Profit Ann.
1.3%
8.7%
5,019.74,873.44,602.44,652.44,686.63,568.53,210.13,039.92,706.92,449.92,327.22,115.8
Operating Exp. Ann.
2.9%
9.6%
3,341.13,217.82,951.12,971.52,951.42,149.52,030.91,906.31,719.61,583.81,5081,373.8
Operating Profit Ann.
-1.6%
7%
1,678.61,655.61,651.31,680.91,735.21,4191,179.21,133.6987.3866.1819.2742
⌄
-
-
-229-227.4-214.5-226.6-235.7-150.9-154.9-159.4-148.6-150.5-146.5-159.5
Other Exp. Ann.
-
-
 -0.8-1.4-4.1-11.729.7-22-24.51.8-55.3-0.364.5
PBT Ann.
-1.4%
7.3%
1,450.41,427.41,435.41,450.21,487.81,297.81,002.3949.7840.5660.3672.4647
Tax Ann.
-1.1%
11%
370.1360.8357.6345.9373.3309.2213.8212.9197.5137.3248243.9
⌄
-1.5%
6.2%
1,080.31,066.61,077.81,104.31,114.5988.6788.5736.8643523424.4403.1
Diluted NI Avail to Com Stockholders Ann.
-1.5%
6.2%
1,080.31,066.61,077.81,104.31,114.5988.6788.5736.8643523424.4403.1
EPS Ann.
-0.4%
8%
 8.18.18.28.27.15.55.14.33.42.62.4
Diluted EPS Ann.
0%
8%
 8.188.18.175.554.23.32.62.4
Number Of Shares End
-1.3%
-1.8%
 130.1133.2134135.5135.5142.6143.3148.8152.7160168.5
Total Exp. Ann.
-1.9%
3.7%
 20,768.519,347.419,695.122,013.519,401.817,288.316,898.815,253.214,325.413,162.712,246.7
Net Income Continuing Discontinued Operations Ann.
-1.5%
6.2%
1,080.31,066.61,077.81,104.31,114.5988.6788.5736.8643523424.4403.1
Normalized Income Ann.
-1.5%
6.2%
1,080.31,066.61,077.81,104.31,114.5988.6788.5736.8643568.5425.7418.2
Interest Income Ann.
-
-
 -----------
Interest Ann.
-1.2%
8%
229227.4214.5226.6235.7150.9154.9159.4148.6150.5146.5159.5
EBITDA Ann.
-1.1%
4.3%
1,9771,950.41,925.21,947.52,014.11,639.91,582.81,376.21,254.71,071.71,073.41,033.9
Reconciled Cost Of Rev. Ann.
-2.7%
2.8%
18,480.717,550.716,396.316,723.619,062.117,252.315,257.414,992.513,533.612,741.611,654.710,872.9
Reconciled Depr. Ann.
0.6%
-7%
297.6295.6275.3270.7290.6191.2425.6267.1265.6260.9254.5227.4
Profit From Continuing Operations Ann.
-1.5%
6.2%
1,080.31,066.61,077.81,104.31,114.5988.6788.5736.8643523424.4403.1
Normalized EBITDA Ann.
-1.1%
4.3%
1,9771,950.41,925.21,947.52,014.11,639.91,582.81,376.21,254.71,129.11,075.51,058.2
*All financials are in USD Million and price data in USD
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Total Rev. Ann.
1Y CHG
6.8%
2Y CAGR
2.4%
3Y CAGR
-1.9%
5Y CAGR
4%
7Y CAGR
4.7%
10Y CAGR
5.6%
Total Revenue Annual growth is higher than historical averages.
Net Profit Ann.
1Y CHG
-1%
2Y CAGR
-1.7%
3Y CAGR
-1.5%
5Y CAGR
6.2%
7Y CAGR
7.5%
10Y CAGR
10.2%
Net Profit Annual is falling faster than historical averages.
Operating Exp. Ann.
1Y CHG
9%
2Y CAGR
4.1%
3Y CAGR
2.9%
5Y CAGR
9.6%
7Y CAGR
9.4%
10Y CAGR
8.9%
Operating Expenses Annual Cr growth is stable compared to historical averages.

CDW balance sheet as of Dec 2025: assets, liabilities, reserves, and borrowings – 11 year history

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  • POSITIVE

    Total Shareholders Fund CDW Dec-2025 Total Shareholders Fund is $2,606 Million which is growth of 10.8% YoY.

  • POSITIVE

    Total Assets CDW Dec-2025 Total Assets is $16,028 Million which is growth of 9.2% YoY.

CDW Corp, Balance Sheet, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
⌄
6.9%
11.4%
16,028.214,678.413,284.613,131.513,199.49,344.77,999.47,167.76,956.66,948.46,755.3
⌄
5.2%
10.8%
13,422.112,325.711,242.111,528.212,493.78,047.67,039.16,192.55,973.75,902.95,659.4
⌄
17.6%
15%
2,606.12,352.72,042.51,603.3705.71,297.1960.3975.2982.91,045.51,095.9
Total Capitalization Ann.
-1.1%
7%
7,228.47,959.77,074.37,469.77,461.55,153.44,243.54,158.54,192.94,261.44,328.4
Tangible Assets Ann.
-
-
-3,242.6-3,624.3-3,740.6-4,230.1-5,305.3-1,743.9-2,186.8-2,199.8-2,393.7-2,465.1-2,680.9
Working Capital Ann.
-7.6%
-9.1%
1,274.41,898.71,2631,616.91,382.12,055.2842.7993.7863.5957.4903.5
Invested Capital Ann.
1.1%
7.7%
8,235.98,195.57,687.47,970.57,874.35,694.44,277.64,183.84,218.44,279.94,355.6
Tangible Book Value Ann.
-
-
-3,242.6-3,624.3-3,740.6-4,230.1-5,305.3-1,743.9-2,186.8-2,199.8-2,393.7-2,465.1-2,680.9
Borrowings Ann.
-4%
4.9%
5,787.65,991.95,808.96,542.47,352.84,566.33,448.43,208.63,235.53,234.43,259.7
Net Debt Ann.
-6.1%
10.9%
5,011.15,339.35,056.26,0526,910.52,987.13,163.33,002.83,091.32,970.73,222.1
Share Issued Ann.
-1.5%
-1.8%
129.4132.6134.1135.5134.8141.9143147.7153.1160.3168.2
Number Of Shares End
-1.3%
-1.8%
130.1133.2134135.5135.5142.6143.3148.8152.7160168.5
*All financials are in USD Million and price data in USD
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Total Assets Ann.
1Y CHG
9.2%
2Y CAGR
9.8%
3Y CAGR
6.9%
5Y CAGR
11.4%
7Y CAGR
12.2%
10Y CAGR
9%
Total Assets Annual growth is stable compared to historical averages.
Total Current Liabilities Ann.
1Y CHG
32%
2Y CAGR
15.2%
3Y CAGR
13.5%
5Y CAGR
13.1%
7Y CAGR
14.5%
10Y CAGR
14.4%
Total Current Liabilities Annual Cr growth is higher than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
10.8%
2Y CAGR
13%
3Y CAGR
17.6%
5Y CAGR
15%
7Y CAGR
15.1%
10Y CAGR
9%
Total ShareHolders Funds Annual growth is lower than historical averages.

CDW ROE, ROCE, book value, and debt-to-equity ratio as of Dec 2025 – 11 year history

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  • POSITIVE

    Book Value Per Share CDW Book Value Per Share is $20 which is growth of 3.8% YoY.

  • NEUTRAL

    ROE CDW ROE is 0% which is growth of 0% YoY.

CDW Corp, Ratios, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
RoA Ann. %
-
-
-7.71%8.36%8.47%8.77%9.09%9.72%9.10%7.52%6.19%6.27%
ROE Ann. %
-
-
-49.04%60.58%96.54%98.72%69.86%76.14%65.68%51.57%39.64%39.67%
ROIC %
-
-
-3.64.44.13.74.654.45.12.92.6
OPM Ann. %
0.3%
2.9%
7.38%7.86%7.86%7.31%6.82%6.39%6.29%6.08%5.70%5.86%5.71%
Inventory Turnover Ratio Ann.
-
-
-25.822.822.120.522.328.13028.327.629.8
Asset Turnover Ann. %
-
-
-1.51.61.81.92.12.42.32.222
Working Capital Turnover Ann.
6.2%
14.4%
17.611.116.914.715.1921.416.317.614.614.4
Quick Ratio Ann.
-
-
-1.211.111.311.11.11.21.2
Current Ratio Ann.
-
-
-1.41.21.31.31.51.21.41.31.41.5
Interest Coverage Ratio Ann.
-
-
-7.77.47.39.67.576.75.45.65.1
LT Debt To Equity Ann.
-
-
-2.52.53.89.83.13.63.33.33.13
*All financials are in USD Million and price data in USD
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CDW cash flow: net, operating, investing, and financing flows as of Dec 2025 – 11 year history

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  • NEGATIVE

    Cash From Operating Activity CDW Dec-2025 Cash From Operating Activity is $1,205 Million which is growth of -5.6% YoY.

  • POSITIVE

    Net Cash Flow CDW Dec-2025 Net Cash Flow is $91 Million which is growth of 232.1% YoY.

CDW Corp, Cash Flow, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
⌄
-3.4%
-1.7%
1,205.21,277.31,598.71,335.9784.61,314.31,027.2905.9777.7603.6277.5
⌄
-
-
70.2-659.2-229.6-164.5-2,769.6-201-331.4-86.1-81.1-65.9-354.4
⌄
-
-
-1,184.5-686.9-1,098.7-1,102.1832.8138.8-749.8-754.8-818.7-304.6-226.5
Cash Plus Cash Eqv. End Of Year Ann.
25.2%
-15.2%
618.9507.7588.7315.2258.11,410.2154205.8144.2263.737.6
Net Increase In Cash Plus Cash Eqv.s Ann.
9.5%
-40.8%
90.9-68.8270.469.3-1,152.21,252.1-5465-122.1233.5-303.4
Cash Plus Cash Eqv. Begin Of Year Ann.
25.3%
26.9%
507.7588.7315.2258.11,410.2154205.8144.2263.737.6344.5
Income Tax Paid Supplemental Data Ann.
-3.4%
5.8%
326398.6401.4362.2351245.6272.2261.2275.7329.2300.2
Interest Paid Supplemental Data Ann.
1.5%
10.9%
234.3217.5233.2224.3134.3139.4154.2148.8148.5144.3154.6
Capex Ann.
-
-
-117.1-122.6-148.2-127.8-100-158-236.3-86.1-81.1-63.5-90.1
Issuance Of Capital Stock Ann.
-
-
----------
Issuance Of Debt Ann.
11.6%
6.6%
3,196.91,492207.62,301.45,537.22,3243,045.5686.73,639.91,837.5839.5
Repayment Of Debt Ann.
-
-
-3,197.9-1,256.6-432-3,166.7-2,769.7-1,697.5-2,957-708.3-3,698.2-1,850.4-872.6
Repurchase Of Capital Stock Ann.
-
-
-653-500-500-1,500.4-340.6-657.2-522.3-534-367.4-241.3
Free Cash Flow Ann.
-3.4%
-1.2%
1,088.11,154.71,450.51,208.1684.61,156.3790.9819.8696.6540.5187.4
*All financials are in USD Million and price data in USD
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Cash from Operating Act. Ann.
1Y CHG
-5.6%
2Y CAGR
-13.2%
3Y CAGR
-3.4%
5Y CAGR
-1.7%
7Y CAGR
4.2%
10Y CAGR
15.8%
Cash from Operating Activity Annual is falling faster than historical averages.
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