CDW Corporation (CDW)
NASDAQ: CDW · Real-Time Price · USD
140.75
+0.87 (0.62%)
Oct 9, 2026, 11:14 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 Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
| 23,500 | 22,424 | 20,999 | 21,376 | 23,749 | 20,821 | |
Revenue Growth | 7.41% | 6.79% | -1.76% | -9.99% | 14.06% | 12.74% |
Cost of Revenue | 18,481 | 17,551 | 16,396 | 16,724 | 19,062 | 17,252 |
Gross Profit | 5,020 | 4,873 | 4,602 | 4,652 | 4,687 | 3,569 |
Selling, General & Admin | 3,306 | 3,202 | 2,926 | 2,972 | 2,951 | 2,115 |
Operating Expenses | 3,306 | 3,202 | 2,926 | 2,972 | 2,951 | 2,115 |
Operating Income | 1,713 | 1,672 | 1,677 | 1,681 | 1,735 | 1,454 |
Interest Expense | -229 | -227.4 | -214.5 | -226.6 | -235.7 | -150.9 |
Other Non Operating Income (Expenses) | 0.8 | -0.8 | -1.4 | -4.1 | -11.7 | 29.7 |
EBT Excluding Unusual Items | 1,485 | 1,444 | 1,461 | 1,450 | 1,488 | 1,333 |
Merger & Restructuring Charges | -34.7 | -16.2 | -25.4 | - | - | -35 |
Pretax Income | 1,450 | 1,427 | 1,435 | 1,450 | 1,488 | 1,298 |
Income Tax Expense | 370.1 | 360.8 | 357.6 | 345.9 | 373.3 | 309.2 |
Net Income | 1,080 | 1,067 | 1,078 | 1,104 | 1,115 | 988.6 |
Net Income to Common | 1,080 | 1,067 | 1,078 | 1,104 | 1,115 | 988.6 |
Net Income Growth | 0.33% | -1.04% | -2.40% | -0.92% | 12.73% | 25.38% |
Shares Outstanding (Basic) | 129 | 131 | 134 | 135 | 135 | 139 |
Shares Outstanding (Diluted) | 130 | 132 | 135 | 136 | 137 | 141 |
Shares Change | -2.92% | -2.29% | -0.81% | -0.51% | -2.49% | -2.97% |
EPS (Basic) | 8.36 | 8.12 | 8.06 | 8.20 | 8.24 | 7.14 |
EPS (Diluted) | 8.33 | 8.08 | 7.97 | 8.10 | 8.13 | 7.04 |
EPS Growth | 3.50% | 1.38% | -1.60% | -0.37% | 15.48% | 29.17% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 860.2 | 1,088 | 1,155 | 1,451 | 1,208 | 684.6 |
Free Cash Flow Per Share | 6.63 | 8.24 | 8.54 | 10.64 | 8.82 | 4.87 |
Dividend Per Share | 2.515 | 2.505 | 2.485 | 2.390 | 2.090 | 1.700 |
Dividend Growth | 0.80% | 0.80% | 3.98% | 14.35% | 22.94% | 10.39% |
Gross Margin | 21.36% | 21.73% | 21.92% | 21.77% | 19.73% | 17.14% |
Operating Margin | 7.29% | 7.46% | 7.99% | 7.86% | 7.31% | 6.98% |
Profit Margin | 4.60% | 4.76% | 5.13% | 5.17% | 4.69% | 4.75% |
Free Cash Flow Margin | 3.66% | 4.85% | 5.50% | 6.79% | 5.09% | 3.29% |
EBITDA | 2,011 | 1,967 | 1,952 | 1,952 | 2,026 | 1,645 |
EBITDA Margin | 8.56% | 8.77% | 9.30% | 9.13% | 8.53% | 7.90% |
D&A For EBITDA | 297.6 | 295.6 | 275.3 | 270.7 | 290.6 | 191.2 |
EBIT | 1,713 | 1,672 | 1,677 | 1,681 | 1,735 | 1,454 |
EBIT Margin | 7.29% | 7.46% | 7.99% | 7.86% | 7.31% | 6.98% |
Effective Tax Rate | 25.52% | 25.28% | 24.91% | 23.85% | 25.09% | 23.82% |
Advertising Expenses | - | 223 | 218 | 215 | 211 | 199 |