CDW Corporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	22,424	20,999	21,376	23,749	20,821
Revenue Growth (YoY)	6.79%	-1.76%	-9.99%	14.06%	12.74%
Cost of Revenue	17,551	16,396	16,724	19,062	17,252
Gross Profit	4,873	4,602	4,652	4,687	3,569
Selling, General & Admin	3,202	2,926	2,972	2,951	2,115
Operating Expenses	3,202	2,926	2,972	2,951	2,115
Operating Income	1,672	1,677	1,681	1,735	1,454
Interest Expense	-227.4	-214.5	-226.6	-235.7	-150.9
Other Non Operating Income (Expenses)	-0.8	-1.4	-4.1	-11.7	29.7
EBT Excluding Unusual Items	1,444	1,461	1,450	1,488	1,333
Merger & Restructuring Charges	-16.2	-25.4	-	-	-35
Pretax Income	1,427	1,435	1,450	1,488	1,298
Income Tax Expense	360.8	357.6	345.9	373.3	309.2
Net Income	1,067	1,078	1,104	1,115	988.6
Net Income to Common	1,067	1,078	1,104	1,115	988.6
Net Income Growth	-1.04%	-2.40%	-0.92%	12.73%	25.38%
Shares Outstanding (Basic)	131	134	135	135	139
Shares Outstanding (Diluted)	132	135	136	137	141
Shares Change (YoY)	-2.29%	-0.81%	-0.51%	-2.49%	-2.97%
EPS (Basic)	8.12	8.06	8.20	8.24	7.14
EPS (Diluted)	8.08	7.97	8.10	8.13	7.04
EPS Growth	1.38%	-1.60%	-0.37%	15.48%	29.17%
Free Cash Flow	1,088	1,155	1,451	1,208	684.6
Free Cash Flow Per Share	8.24	8.54	10.64	8.82	4.87
Dividend Per Share	2.505	2.485	2.390	2.090	1.700
Dividend Growth	0.80%	3.98%	14.35%	22.94%	10.39%
Gross Margin	21.73%	21.92%	21.77%	19.73%	17.14%
Operating Margin	7.46%	7.99%	7.86%	7.31%	6.98%
Profit Margin	4.76%	5.13%	5.17%	4.69%	4.75%
Free Cash Flow Margin	4.85%	5.50%	6.79%	5.09%	3.29%
EBITDA	1,967	1,952	1,952	2,026	1,645
EBITDA Margin	8.77%	9.30%	9.13%	8.53%	7.90%
D&A For EBITDA	295.6	275.3	270.7	290.6	191.2
EBIT	1,672	1,677	1,681	1,735	1,454
EBIT Margin	7.46%	7.99%	7.86%	7.31%	6.98%
Effective Tax Rate	25.28%	24.91%	23.85%	25.09%	23.82%
Advertising Expenses	223	218	215	211	199

Updated Feb 4, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q