Key facts
- 52-week range (closes)
- $99.30 – $159.37 Lowest close May 12, 2026, highest Oct 31, 2025; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
- Fiscal year ends
- December Fiscal 2025 ended Dec 31, 2025, from SEC filings
- In the S&P 500 since
- Sep 23, 2019, replacing TSYS (TSS) · Global Payments acquired TSS. · All S&P 500 changes
CDW Corporation (CDW) is trading up at $153.81 (+0.76%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
CDW Corporation revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $14.0B | $15.2B | $16.2B | $18.0B | $18.5B | $20.8B | $23.7B | $21.4B | $21.0B | $22.4B |
| Growth (year over year) | +7.6% | +8.7% | +6.9% | +11.0% | +2.4% | +12.7% | +14.1% | −10.0% | −1.8% | +6.8% |
| Gross profit | $2.33B | $2.45B | $2.71B | $3.04B | $3.21B | $3.57B | $4.69B | $4.65B | $4.60B | $4.87B |
| Gross margin | 16.7% | 16.1% | 16.7% | 16.9% | 17.4% | 17.1% | 19.7% | 21.8% | 21.9% | 21.7% |
| Operating income | $820.0M | $866.5M | $987.3M | $1.13B | $1.18B | $1.42B | $1.74B | $1.68B | $1.65B | $1.66B |
| Operating margin | 5.9% | 5.7% | 6.1% | 6.3% | 6.4% | 6.8% | 7.3% | 7.9% | 7.9% | 7.4% |
| Net income | $425.1M | $523.1M | $643.0M | $736.8M | $788.5M | $988.6M | $1.11B | $1.10B | $1.08B | $1.07B |
| Net margin | 3.0% | 3.4% | 4.0% | 4.1% | 4.3% | 4.7% | 4.7% | 5.2% | 5.1% | 4.8% |
| EPS (diluted) | $2.56 | $3.31 | $4.19 | $4.99 | $5.45 | $7.04 | $8.13 | $8.10 | $7.97 | $8.08 |
| Balance sheet | ||||||||||
| Cash and equivalents | $263.7M | $144.2M | $205.8M | $154.0M | $1.41B | $258.1M | $315.2M | $588.7M | $503.5M | $618.7M |
| Total assets | $6.96B | $6.97B | $7.17B | $8.00B | $9.34B | $13.2B | $13.1B | $13.3B | $14.7B | $16.0B |
| Total liabilities | $5.91B | $5.98B | $6.19B | $7.04B | $8.05B | $12.5B | $11.5B | $11.2B | $12.3B | $13.4B |
| Long-term debt | $3.22B | $3.21B | $3.18B | $3.28B | $3.86B | $6.76B | $5.87B | $5.03B | $5.61B | $4.62B |
| Shareholders' equity | $1.05B | $985.6M | $975.2M | $960.3M | $1.30B | $705.7M | $1.60B | $2.04B | $2.35B | $2.61B |
| Cash flow | ||||||||||
| Operating cash flow | $604.0M | $777.7M | $905.9M | $1.03B | $1.31B | $784.6M | $1.34B | $1.60B | $1.28B | $1.21B |
| Capital expenditure | $63.5M | $81.1M | $86.1M | $236.3M | $158.0M | $100.0M | $127.8M | $148.2M | $122.6M | $117.1M |
| Free cash flow | $540.5M | $696.6M | $819.8M | $790.9M | $1.16B | $684.6M | $1.21B | $1.45B | $1.15B | $1.09B |
| Dividends paid | $78.7M | $106.9M | $139.4M | $183.4M | $219.6M | $234.8M | $282.6M | $321.5M | $332.1M | $328.6M |
| Share buybacks | $367.4M | $534.0M | $522.3M | $657.2M | $340.6M | $1.50B | $0 | $500.0M | $500.0M | $653.0M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $5.52B | $5.19B | $5.20B | $5.98B | $5.74B | $5.51B | $5.68B | $6.57B |
| Growth (year over year) | −2.0% | +3.3% | +6.7% | +10.2% | +4.0% | +6.3% | +9.2% | +10.0% |
| Gross profit | $1.20B | $1.16B | $1.12B | $1.24B | $1.26B | $1.25B | $1.19B | $1.32B |
| Gross margin | 21.8% | 22.3% | 21.6% | 20.8% | 21.9% | 22.8% | 21.0% | 20.1% |
| Operating income | $481.6M | $408.6M | $361.4M | $420.2M | $443.3M | $430.7M | $376.0M | $428.6M |
| Operating margin | 8.7% | 7.9% | 7.0% | 7.0% | 7.7% | 7.8% | 6.6% | 6.5% |
| Net income | $316.4M | $264.2M | $224.9M | $271.2M | $291.0M | $279.5M | $235.4M | $274.4M |
| Net margin | 5.7% | 5.1% | 4.3% | 4.5% | 5.1% | 5.1% | 4.1% | 4.2% |
| EPS (diluted) | $2.34 | $1.97 | $1.69 | $2.05 | $2.21 | $2.13 | $1.82 | $2.15 |
| Balance sheet | ||||||||
| Cash and equivalents | $946.7M | $503.5M | $471.4M | $481.0M | $452.9M | $618.7M | $578.6M | $361.8M |
| Total assets | $14.4B | $14.7B | $15.0B | $15.3B | $15.2B | $16.0B | $16.5B | $17.3B |
| Total liabilities | $12.0B | $12.3B | $12.7B | $12.8B | $12.7B | $13.4B | $13.9B | $14.8B |
| Long-term debt | $5.61B | $5.61B | $5.62B | $5.62B | $5.62B | $4.62B | $4.64B | $4.81B |
| Shareholders' equity | $2.35B | $2.35B | $2.32B | $2.47B | $2.54B | $2.61B | $2.56B | $2.44B |
| Cash flow | ||||||||
| Operating cash flow | $342.1M | $345.3M | $287.2M | $155.9M | $328.3M | $433.8M | $274.8M | −$55.1M |
| Capital expenditure | $33.6M | $28.6M | $26.9M | $22.5M | $29.8M | $37.9M | $26.4M | $27.5M |
| Free cash flow | $308.5M | $316.7M | $260.3M | $133.4M | $298.5M | $395.9M | $248.4M | −$82.6M |
| Dividends paid | $82.7M | $83.1M | $82.8M | $82.3M | $81.8M | $81.7M | $81.1M | $79.8M |
| Share buybacks | $100.0M | $146.0M | $200.1M | $150.0M | $149.9M | $153.0M | $201.0M | $343.7M |
From CDW Corporation's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
CDW Corporation vs the Information Technology sector and the S&P 500
CDW Corporation's latest reported figures next to the median of the other 75 S&P 500 Information Technology companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | CDW Corporation | Information Technology (75 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +6.8% | +13.8% | +7.0% |
| Net margin, latest fiscal year | 4.8% | 17.4% | 13.0% |
| Dividend per share, latest fiscal year | $2.50 | $1.82 | $2.40 |
| Share price change, 1 year | −1.8% | +14.8% | +5.9% |
CDW Corporation: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, CDW Corporation included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, dividend per share 35/349, 1-year price change 67/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 35 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.
About CDW Corporation
CDW Corporation is an American multi-brand provider of information technology services, serving business, government, education, and healthcare sectors across the United States, the United Kingdom, and Canada. Headquartered in Vernon Hills, Illinois, CDW is a Fortune 500 and generated $21 billion in annual net sales in 2023.
- Headquarters
- Vernon Hills, Illinois From SEC filings, Oct 2026
Recent News (11)
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CDW completes acquisition of data and AI firm Lovelytics
CDW completes acquisition of data and AI firm Lovelytics
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Is CDW Corporation Stock Underperforming the S&P 500?
Is CDW Corporation Stock Underperforming the S&P 500?
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What Are Wall Street Analysts' Target Price for CDW Corporation Stock?
What Are Wall Street Analysts' Target Price for CDW Corporation Stock?
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CDW (CDW) Financial Update: The Available Earnings Metric Delivers a Beat on the Day; Price Reaction: Shares Move 0.99% Down at the Close - Earnings Call Transcript CDW (CDW) Financial Update: The Available Earnings Metric Delivers a Beat on the Day; Price Reaction: Shares Move 0.99% Down at the Close - Earnings Call Transcript vinanet.vn
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Cdw chief commercial officer Connelly sells $3.67m in stock
Cdw chief commercial officer Connelly sells $3.67m in stock
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CDW (CDW) Q2 2026 Earnings Call Transcript
CDW (CDW) Q2 2026 Earnings Call Transcript
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CDW Corporation Q2 2026 Earnings Call Summary CDW Corporation Q2 2026 Earnings Call Summary
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CDW Q2 Earnings Call Highlights CDW Q2 Earnings Call Highlights
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Earnings call transcript: CDW tops Q2 2026 estimates but shares sink 16%
Earnings call transcript: CDW tops Q2 2026 estimates but shares sink 16%
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CDW shares fall despite second-quarter earnings and revenue beat CDW shares fall despite second-quarter earnings and revenue beat
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CDW Corp earnings beat by $0.12, revenue topped estimates
CDW Corp earnings beat by $0.12, revenue topped estimates
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