CDW Corporation (CDW)
NASDAQ: CDW · Real-Time Price · USD
117.98
+0.39 (0.33%)
Mar 19, 2026, 9:31 AM EDT - Market open
CDW Corporation Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
| 5,511 | 5,737 | 5,977 | 5,199 | 5,186 | 5,517 | 5,423 | 4,873 | 5,019 | 5,628 | 5,626 | 5,103 | 5,438 | 6,216 | 6,146 | 5,949 | 5,537 | 5,300 | 5,146 | 4,838 | |
Revenue Growth (YoY) | 6.27% | 4.00% | 10.20% | 6.70% | 3.34% | -1.98% | -3.60% | -4.52% | -7.72% | -9.45% | -8.46% | -14.22% | -1.78% | 17.27% | 19.42% | 22.98% | 11.72% | 11.43% | 17.88% | 10.21% |
Cost of Revenue | 4,257 | 4,482 | 4,735 | 4,077 | 4,031 | 4,316 | 4,240 | 3,809 | 3,865 | 4,401 | 4,445 | 4,014 | 4,257 | 4,982 | 4,978 | 4,845 | 4,561 | 4,385 | 4,264 | 4,042 |
Gross Profit | 1,254 | 1,256 | 1,241 | 1,122 | 1,155 | 1,201 | 1,183 | 1,063 | 1,154 | 1,228 | 1,182 | 1,089 | 1,181 | 1,233 | 1,168 | 1,104 | 975.6 | 914.9 | 882.8 | 795.2 |
Selling, General & Admin | 823.7 | 812.2 | 821 | 760.9 | 746.7 | 719.1 | 750 | 735.3 | 718.8 | 749.3 | 769.3 | 734.1 | 734.5 | 766.8 | 732.9 | 717.2 | 636.3 | 528.5 | 512.9 | 471.8 |
Total Operating Expenses | 823.7 | 812.2 | 821 | 760.9 | 746.7 | 719.1 | 750 | 735.3 | 718.8 | 749.3 | 769.3 | 734.1 | 734.5 | 766.8 | 732.9 | 717.2 | 636.3 | 528.5 | 512.9 | 471.8 |
Operating Income | 430.7 | 443.3 | 420.2 | 361.4 | 408.6 | 481.6 | 433.1 | 328 | 435 | 478.4 | 412.2 | 355.3 | 446.6 | 466.4 | 435.3 | 386.9 | 339.3 | 386.4 | 369.9 | 323.4 |
Interest Expense | -58.5 | -55 | -56.8 | -57.1 | -56.5 | -54.4 | -52.3 | -51.3 | -53.3 | -57.4 | -58.2 | -57.7 | -59.4 | -62.6 | -57.7 | -56 | -43.4 | -36.4 | -35.5 | -35.6 |
Other Non-Operating Income (Expense) | -3.1 | 1.1 | 1.5 | -0.3 | -0.6 | 0.4 | -1.1 | -0.1 | -1 | -1.2 | -0.6 | -1.3 | -6 | -4.8 | -0.4 | -0.5 | -8.6 | 0.4 | 36.8 | 1.1 |
Total Non-Operating Income (Expense) | -61.6 | -53.9 | -55.3 | -57.4 | -57.1 | -54 | -53.4 | -51.4 | -54.3 | -58.6 | -58.8 | -59 | -65.4 | -67.4 | -58.1 | -56.5 | -52 | -36 | 1.3 | -34.5 |
Pretax Income | 369.1 | 389.4 | 364.9 | 304 | 351.5 | 427.6 | 379.7 | 276.6 | 380.7 | 419.8 | 353.4 | 296.3 | 381.2 | 399 | 377.2 | 330.4 | 287.3 | 350.4 | 371.2 | 288.9 |
Provision for Income Taxes | 89.6 | 98.4 | 93.7 | 79.1 | 87.3 | 111.2 | 98.6 | 60.5 | 84.6 | 104.3 | 90.8 | 66.2 | 94 | 101.2 | 97.9 | 80.2 | 72 | 83.8 | 97.1 | 56.3 |
Net Income | 279.5 | 291 | 271.2 | 224.9 | 264.2 | 316.4 | 281.1 | 216.1 | 296.1 | 315.5 | 262.6 | 230.1 | 287.2 | 297.8 | 279.3 | 250.2 | 215.3 | 266.6 | 274.1 | 232.6 |
Net Income to Common | 279.5 | 291 | 271.2 | 224.9 | 264.2 | 316.4 | 281.1 | 216.1 | 296.1 | 315.5 | 262.6 | 230.1 | 287.2 | 297.8 | 279.3 | 250.2 | 215.3 | 266.6 | 274.1 | 232.6 |
Net Income Growth | 5.79% | -8.03% | -3.52% | 4.07% | -10.77% | 0.29% | 7.04% | -6.08% | 3.10% | 5.94% | -5.98% | -8.03% | 33.40% | 11.70% | 1.90% | 7.57% | -9.65% | 37.99% | 44.95% | 38.54% |
Shares Outstanding (Basic) | 130 | 131 | 132 | 133 | 133 | 134 | 134 | 134 | 134 | 134 | 135 | 136 | 136 | 135 | 135 | 135 | 136 | 137 | 140 | 141 |
Shares Outstanding (Diluted) | 131 | 132 | 132 | 134 | 134 | 135 | 136 | 136 | 136 | 136 | 136 | 137 | 137 | 137 | 137 | 137 | 138 | 139 | 142 | 143 |
Shares Change (YoY) | -2.83% | -2.30% | -2.36% | -1.84% | -1.10% | -0.74% | -0.37% | -0.95% | -1.09% | -0.88% | -0.51% | 0.44% | -0.22% | -1.65% | -3.46% | -4.47% | -5.10% | -3.73% | -1.80% | -1.24% |
EPS (Basic) | 2.15 | 2.22 | 2.06 | 1.70 | 1.98 | 2.37 | 2.10 | 1.61 | 2.20 | 2.35 | 1.95 | 1.70 | 2.12 | 2.20 | 2.07 | 1.85 | 1.60 | 1.94 | 1.96 | 1.65 |
EPS (Diluted) | 2.14 | 2.21 | 2.05 | 1.69 | 1.97 | 2.34 | 2.07 | 1.59 | 2.18 | 2.32 | 1.92 | 1.68 | 2.09 | 2.17 | 2.04 | 1.83 | 1.57 | 1.91 | 1.93 | 1.63 |
EPS Growth | 8.63% | -5.56% | -0.97% | 6.29% | -9.63% | 0.86% | 7.81% | -5.36% | 4.31% | 6.91% | -5.88% | -8.20% | 33.12% | 13.61% | 5.70% | 12.27% | -4.85% | 43.61% | 47.33% | 40.52% |
Free Cash Flow | 395.9 | 298.5 | 133.4 | 260.3 | 316.7 | 308.5 | 119 | 410.5 | 503 | 425.2 | 188.6 | 333.7 | 211.3 | 299.3 | 358 | 339.5 | 114.1 | 264.1 | -17.5 | 323.9 |
Free Cash Flow Growth | 25.01% | -3.24% | 12.10% | -36.59% | -37.04% | -27.45% | -36.90% | 23.02% | 138.05% | 42.07% | -47.32% | -1.71% | 85.19% | 13.33% | - | 4.82% | -79.31% | 39.73% | - | 63.92% |
Free Cash Flow Per Share | 3.03 | 2.26 | 1.01 | 1.95 | 2.36 | 2.29 | 0.88 | 3.02 | 3.70 | 3.13 | 1.39 | 2.43 | 1.54 | 2.18 | 2.62 | 2.48 | 0.83 | 1.89 | -0.12 | 2.26 |
Dividends Per Share | 0.630 | 0.625 | 0.625 | 0.625 | 0.625 | 0.620 | 0.620 | 0.620 | 0.620 | 0.590 | 0.590 | 0.590 | 0.590 | 0.500 | 0.500 | 0.500 | 0.500 | 0.400 | 0.400 | 0.400 |
Dividend Growth | 0.80% | 0.81% | 0.81% | 0.81% | 0.81% | 5.08% | 5.08% | 5.08% | 5.08% | 18.00% | 18.00% | 18.00% | 18.00% | 25.00% | 25.00% | 25.00% | 25.00% | 5.26% | 5.26% | 5.26% |
Gross Margin | 22.76% | 21.88% | 20.77% | 21.59% | 22.28% | 21.77% | 21.81% | 21.82% | 22.99% | 21.81% | 21.00% | 21.35% | 21.72% | 19.84% | 19.01% | 18.56% | 17.62% | 17.26% | 17.15% | 16.44% |
Operating Margin | 7.82% | 7.73% | 7.03% | 6.95% | 7.88% | 8.73% | 7.99% | 6.73% | 8.67% | 8.50% | 7.33% | 6.96% | 8.21% | 7.50% | 7.08% | 6.50% | 6.13% | 7.29% | 7.19% | 6.69% |
Profit Margin | 5.07% | 5.07% | 4.54% | 4.33% | 5.09% | 5.74% | 5.18% | 4.43% | 5.90% | 5.61% | 4.67% | 4.51% | 5.28% | 4.79% | 4.54% | 4.21% | 3.89% | 5.03% | 5.33% | 4.81% |
FCF Margin | 7.18% | 5.20% | 2.23% | 5.01% | 6.11% | 5.59% | 2.19% | 8.42% | 10.02% | 7.55% | 3.35% | 6.54% | 3.89% | 4.82% | 5.83% | 5.71% | 2.06% | 4.98% | -0.34% | 6.70% |
EBITDA | 504.8 | 516.6 | 493.5 | 436.3 | 478.1 | 550.7 | 502.5 | 395.3 | 503.1 | 544.4 | 478.1 | 426 | 519.1 | 542 | 506.4 | 458.3 | 390.5 | 434.6 | 416.5 | 368.6 |
EBITDA Margin | 9.16% | 9.00% | 8.26% | 8.39% | 9.22% | 9.98% | 9.27% | 8.11% | 10.02% | 9.67% | 8.50% | 8.35% | 9.55% | 8.72% | 8.24% | 7.70% | 7.05% | 8.20% | 8.09% | 7.62% |
EBIT | 430.7 | 443.3 | 420.2 | 361.4 | 408.6 | 481.6 | 433.1 | 328 | 435 | 478.4 | 412.2 | 355.3 | 446.6 | 466.4 | 435.3 | 386.9 | 339.3 | 386.4 | 369.9 | 323.4 |
EBIT Margin | 7.82% | 7.73% | 7.03% | 6.95% | 7.88% | 8.73% | 7.99% | 6.73% | 8.67% | 8.50% | 7.33% | 6.96% | 8.21% | 7.50% | 7.08% | 6.50% | 6.13% | 7.29% | 7.19% | 6.69% |
Effective Tax Rate | 24.28% | 25.27% | 25.68% | 26.02% | 24.84% | 26.01% | 25.97% | 21.87% | 22.22% | 24.85% | 25.69% | 22.34% | 24.66% | 25.36% | 25.95% | 24.27% | 25.06% | 23.92% | 26.16% | 19.49% |
Updated Feb 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.