CDW - NASDAQ
CDW Corporation
$137.30
-1.7%CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise, hybrid, and cloud capabilities across data center and networking, digital workspace, and security. Its hardware products comprise notebooks/mobile devices, network communications, desktop computers, video monitors, enterprise and data storage, and others; and software products consists of application suites, security, virtualization, operating systems, and network management. The company also provides advisory and design, software development, implementation, managed, professional, configuration, and telecom services, as well as warranties; mission critical software, systems, and network solutions; and implementation and installation, and repair services to its customers through various third-party service providers. It serves government, education, and healthcare customers; and small, medium, and large business customers. The company was founded in 1984 and is headquartered in Vernon Hills, Illinois.
At a Glance
Live SnapshotCDW Corporation Profit Bridge
Profitability Analysis
Gross Margin
Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.
Operating Margin
Acceptable margins but limited operational leverage. Operating expense control is important.
Net Profit Margin
Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.
Effective Tax Rate
Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.
Profitability Insight
Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.
CDW Corporation Income Statement
CDW • NASDAQ
| CDW Corporation Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2006 | Dec 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
22.4B | 21B | 21.4B | 23.7B | 20.8B | 18.5B | 18B | 16.2B | 14.8B | 13.7B | 13B | 12.1B | 10.8B | 10.1B | 9.6B | 8.8B | 7.2B | 8.1B | 6.8B | 6.3B | |
GROSS PROFIT | ||||||||||||||||||||
(17.6B) | (16.4B) | (16.7B) | (19.1B) | (17.3B) | (15.3B) | (15B) | (13.5B) | (12.4B) | (11.3B) | (10.9B) | (10.2B) | (9B) | (8.5B) | (8B) | (7.4B) | (6B) | (6.7B) | (5.7B) | (5.3B) | |
4.9B | 4.6B | 4.7B | 4.7B | 3.6B | 3.2B | 3B | 2.7B | 2.5B | 2.3B | 2.1B | 1.9B | 1.8B | 1.7B | 1.6B | 1.4B | 1.1B | 1.4B | 1.1B | 967.6M | |
OPERATING INCOME | ||||||||||||||||||||
(3.2B) | (3B) | (3B) | (3B) | (2.1B) | (2B) | (1.9B) | (1.7B) | (1.6B) | (1.5B) | (1.4B) | (1.2B) | (1.3B) | (1.2B) | (1.1B) | (1B) | (1.2B) | (2.7B) | (673.4M) | (548M) | |
(3.2B) | (2.9B) | (3B) | (3B) | (2.1B) | (2B) | (1.9B) | (1.7B) | (1.6B) | (1.5B) | (1.4B) | (1.2B) | (1.3B) | (1.2B) | (1.1B) | (1B) | (923M) | (1B) | (648.4M) | (548M) | |
1.7B | 1.7B | 1.7B | 1.7B | 1.4B | 1.2B | 1.1B | 987.3M | 866.5M | 820M | 742M | 673M | 508.6M | 510.6M | 470.7M | 352.7M | -31.9M | -1.4B | 396.4M | 419.6M | |
PRE-TAX INCOME | ||||||||||||||||||||
(227.4M) | (214.5M) | (226.6M) | (235.7M) | (150.9M) | (154.9M) | (159.4M) | (148.6M) | (150.5M) | (146.5M) | (159.5M) | (197.3M) | (250.1M) | (307.4M) | (324.2M) | (391.9M) | (431.7M) | (390.3M) | (0.0) | (0.0) | |
-227.4M | -214.5M | -226.6M | -235.7M | -150.9M | -154.9M | -159.4M | -148.6M | -150.5M | -146.5M | -159.5M | -197.3M | -250.1M | -307.4M | -324.2M | -391.9M | -431.7M | -390.3M | 0.0 | 0.0 | |
(0.0) | (25.4M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (241.8M) | (1.7B) | (25M) | (0.0) | |
-228.2M | -215.9M | -230.7M | -247.4M | -121.2M | -176.9M | -183.9M | -146.8M | -205.8M | -146.8M | -95M | -285.3M | -313.1M | -324.5M | -442.4M | -389.7M | -429.3M | -390.1M | 18M | 13.3M | |
1.4B | 1.4B | 1.5B | 1.5B | 1.3B | 1B | 949.7M | 840.5M | 660.7M | 673.2M | 647M | 387.7M | 195.5M | 186.1M | 28.3M | -37M | -461.2M | -1.8B | 414.4M | 433M | |
NET INCOME | ||||||||||||||||||||
(360.8M) | (357.6M) | (345.9M) | (373.3M) | (309.2M) | (213.8M) | (212.9M) | (197.5M) | (137.6M) | (248.1M) | (243.9M) | (142.8M) | (62.7M) | (67.1M) | (11.2M) | -7.8M | -87.8M | -12.1M | (148.3M) | (160.9M) | |
1.1B | 1.1B | 1.1B | 1.1B | 988.6M | 788.5M | 736.8M | 643M | 523.1M | 425.1M | 403.1M | 244.9M | 132.8M | 119M | 17.1M | -29.2M | -373.4M | -1.8B | 266.1M | 272.1M |
SEC Filings
CDW - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 26, 2026 | May 21, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 13, 2026 | May 13, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 06, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 06, 2026 | May 06, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 01, 2026 | May 01, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 10, 2026 | May 21, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 27, 2026 | March 24, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 20, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 04, 2026 | February 04, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 23, 2025 | December 17, 2025 | 2025 |
Related Guides
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Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
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Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.