◆ TICKERBASE · GLOBAL STOCK FINANCIAL DATA LIBRARY

Home › All stocks › C › CDW

CDW Corp (CDW) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · Technology Distributors · DATA UPDATED 2026-09-19

CDW Corp (CDW) operates in the Technology Distributors industry and is headquartered in Vernon Hills, United States with about 14,800 employees. Its market capitalization is roughly $18 billion. In the fiscal year ended 2025-12-31, CDW reported $22.4B in revenue and $1.1B in net income.

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Commercial, Government, and Education.

Interactive charts & full statements → Open the CDW valuation workbench →

CDW Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2006-12-31	2005-12-31
Total Revenue	$23.5B	$22.4B	$21.0B	$21.4B	$23.7B	$20.8B	$18.5B	$18.0B	$16.2B	$14.8B	$13.7B	$13.0B	$12.1B	$10.8B	$10.1B	$9.6B	$8.8B	$7.2B	$8.1B	$6.8B	$6.3B
Gross Profit	$5.0B	$4.9B	$4.6B	$4.7B	$4.7B	$3.6B	$3.2B	$3.0B	$2.7B	$2.5B	$2.3B	$2.1B	$1.9B	$1.8B	$1.7B	$1.6B	$1.4B	$1.1B	$1.4B	$1.1B	$968M
Gross Margin %	21.4%	21.7%	21.9%	21.8%	19.7%	17.1%	17.4%	16.9%	16.7%	16.5%	17.0%	16.3%	15.9%	16.4%	16.5%	16.5%	15.8%	15.8%	16.9%	15.8%	15.4%
Operating Income (EBIT)	$1.7B	$1.7B	$1.7B	$1.7B	$1.7B	$1.4B	$1.2B	$1.1B	$987M	$866M	$820M	$742M	$673M	$509M	$511M	$471M	$353M	($32M)	($1.4B)	$396M	$420M
Operating Margin %	7.1%	7.4%	7.9%	7.9%	7.3%	6.8%	6.4%	6.3%	6.1%	5.8%	6.0%	5.7%	5.6%	4.7%	5.0%	4.9%	4.0%	-0.4%	-17.2%	5.8%	6.7%
Net Income	$1.1B	$1.1B	$1.1B	$1.1B	$1.1B	$989M	$788M	$737M	$643M	$523M	$425M	$403M	$245M	$133M	$119M	$17M	($29M)	($373M)	($1.8B)	$266M	$272M
Net Margin %	4.6%	4.8%	5.1%	5.2%	4.7%	4.8%	4.3%	4.1%	4.0%	3.5%	3.1%	3.1%	2.0%	1.2%	1.2%	0.2%	-0.3%	-5.2%	-21.9%	3.9%	4.3%
EBITDA	—	$2.0B	$1.9B	$1.7B	$2.0B	$1.6B	$1.6B	$1.4B	$1.3B	$1.1B	$1.1B	$1.0B	$793M	$654M	$721M	$557M	$564M	$428M	$543M	$425M	$441M
Earnings Per Share (EPS)	$8.32	$8.07	$7.97	$8.10	$8.14	$7.04	$5.45	$4.99	$4.19	$3.31	$2.56	$2.35	$1.42	$0.84	$0.82	$0.12	$-0.20	$-2.56	$-12.08	$3.30	$3.26
Shares Outstanding (M)	—	132M	135M	136M	137M	140M	145M	148M	154M	158M	166M	172M	173M	159M	146M	145M	144M	146M	146M	81M	84M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CDW Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$6.6B	$5.7B	$5.5B	$5.7B	$6.0B	$5.2B	$5.2B	$5.5B	$5.4B
Gross Profit	$1.3B	$1.2B	$1.3B	$1.3B	$1.2B	$1.1B	$1.2B	$1.2B	$1.2B
Gross Margin %	20.1%	20.9%	22.8%	21.9%	20.8%	21.6%	22.3%	21.8%	21.8%
Operating Income (EBIT)	$429M	$377M	$431M	$443M	$420M	$361M	$409M	$482M	$433M
Operating Margin %	6.5%	6.6%	7.8%	7.7%	7.0%	7.0%	7.9%	8.7%	8.0%
Net Income	$274M	$235M	$280M	$291M	$271M	$225M	$264M	$316M	$281M
Net Margin %	4.2%	4.1%	5.1%	5.1%	4.5%	4.3%	5.1%	5.7%	5.2%
EBITDA	—	$339M	$502M	$518M	$495M	$436M	$478M	$551M	$501M
Earnings Per Share (EPS)	$2.15	$1.82	$2.14	$2.21	$2.05	$1.68	$1.97	$2.35	$2.07
Shares Outstanding (M)	—	130M	131M	132M	132M	134M	134M	135M	136M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CDW Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2006-12-31	2005-12-31
Cash from Operations (CFO)	$982M	$1.2B	$1.3B	$1.6B	$1.3B	$785M	$1.3B	$1.0B	$906M	$778M	$604M	$278M	$435M	$366M	$317M	$215M	$424M	$108M	$174M	$217M	$304M
Capital Expenditures (CapEx)	$122M	$117M	$123M	$148M	$128M	$100M	$158M	$236M	$86M	$81M	$64M	$90M	$55M	$47M	$41M	$46M	$42M	$16M	$41M	$86M	$49M
Free Cash Flow (FCF)	$859M	$1.1B	$1.2B	$1.4B	$1.2B	$685M	$1.2B	$791M	$820M	$697M	$540M	$187M	$380M	$319M	$276M	$169M	$382M	$92M	$133M	$131M	$255M
FCF Margin %	3.7%	4.9%	5.5%	6.8%	5.1%	3.3%	6.3%	4.4%	5.1%	4.7%	4.0%	1.4%	3.1%	3.0%	2.7%	1.8%	4.3%	1.3%	1.7%	1.9%	4.0%
Dividends Paid	—	$329M	$332M	$322M	$283M	$235M	$220M	$183M	$139M	$107M	$79M	$53M	$34M	$7M	$0M	$0M	—	—	—	$41M	$35M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CDW Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	($55M)	$275M	$434M	$328M	$156M	$287M	$345M	$342M	$150M
Capital Expenditures (CapEx)	$28M	$26M	$38M	$30M	$22M	$27M	$29M	$34M	$31M
Free Cash Flow (FCF)	($83M)	$248M	$396M	$298M	$133M	$260M	$317M	$308M	$119M
FCF Margin %	-1.3%	4.4%	7.2%	5.2%	2.2%	5.0%	6.1%	5.6%	2.2%
Dividends Paid	—	$81M	$82M	$82M	$82M	$83M	$83M	$83M	$83M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CDW Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2006-12-31	2005-12-31
Total Assets	$17.3B	$16.0B	$14.7B	$13.3B	$13.1B	$13.2B	$9.3B	$8.0B	$7.2B	$7.0B	$6.9B	$6.8B	$6.1B	$5.9B	$5.7B	$6.0B	$5.9B	$6.0B	$6.3B	$2.0B	$1.6B
Cash & Cash Equivalents	$362M	$619M	$504M	$589M	$315M	$258M	$1.4B	$154M	$206M	$144M	$264M	$38M	$344M	$188M	$38M	$100M	$37M	$88M	$94M	$148M	$201M
Total Liabilities	$14.8B	$13.4B	$12.3B	$11.2B	$11.5B	$12.5B	$8.0B	$7.0B	$6.2B	$6.0B	$5.9B	$5.7B	$5.1B	$5.2B	$5.6B	$6.0B	$6.0B	$6.0B	$6.0B	$564M	$384M
Total Debt (Short + Long-Term)	$6.0B	$6.0B	$5.8B	$5.6B	$5.9B	$7.2B	$4.4B	$3.7B	$3.2B	$3.2B	$3.2B	$3.3B	$3.2B	$3.3B	$3.8B	$4.1B	$4.3B	$4.6B	$4.6B	$0M	$0M
Total Shareholders' Equity	$2.4B	$2.6B	$2.4B	$2.0B	$1.6B	$706M	$1.3B	$960M	$975M	$986M	$1.0B	$1.1B	$936M	$712M	$136M	($7M)	($44M)	($45M)	$262M	$1.4B	$1.3B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive CDW viewer.

CDW Metric Deep Dives

This page in other languages: עברית · Русский · Español · Português · 中文 · العربية · Français · Italiano · 日本語 · Deutsch · فارسی · हिन्दी

← CDTR All “C” companies CDX →

About TickerBase · Data methodology & sources · Privacy · Terms

TickerBase is provided for educational and informational purposes only. It does not constitute financial, investment, tax, or legal advice, or a recommendation to buy, sell, or hold any security. No price targets are published; any per-share value shown in the valuation workbench is generated entirely from reader-supplied assumptions and is not the publisher's view of fair value. Past performance does not predict future results. Figures are approximate and drawn from public filings; one-time items are noted where identified. Do your own research and consult a licensed professional before making any investment decision. The author may or may not hold positions in the securities discussed.