CDW Corporation (CDW) is trading up at $138.34 (+1.96%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
| 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. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
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.
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