CDW
CDW Corp
NASDAQ: CDW · TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES
$135.56
+1.99% today
Updated 2026-04-29
Market cap
$17.49B
P/E ratio
16.78
P/S ratio
0.78x
EPS (TTM)
$8.08
Dividend yield
1.88%
52W range
$113 – $189
Volume
1.6M
CDW Corp (CDW) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2005 | 2006 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.29B | $6.79B | $8.07B | $7.16B | $8.80B | $9.60B | $10.13B | $10.77B | $12.07B | $12.99B | $13.67B | $14.83B | $16.24B | $18.03B | $18.47B | $20.82B | $23.75B | $21.38B | $21.00B | $22.42B |
| Revenue growth (YoY) | — | +7.8% | +18.9% | -11.3% | +22.9% | +9.1% | +5.5% | +6.3% | +12.1% | +7.6% | +5.3% | +8.5% | +9.5% | +11.0% | +2.4% | +12.7% | +14.1% | -10.0% | -1.8% | +6.8% |
| Cost of revenue | $5.32B | $5.72B | $6.71B | $6.03B | $7.41B | $8.02B | $8.46B | $9.01B | $10.15B | $10.87B | $11.34B | $12.38B | $13.53B | $14.99B | $15.26B | $17.25B | $19.06B | $16.72B | $16.40B | $17.55B |
| Gross profit | $967.63M | $1.07B | $1.36B | $1.13B | $1.39B | $1.58B | $1.67B | $1.76B | $1.92B | $2.12B | $2.33B | $2.45B | $2.71B | $3.04B | $3.21B | $3.57B | $4.69B | $4.65B | $4.60B | $4.87B |
| Gross margin | 15.4% | 15.8% | 16.9% | 15.8% | 15.8% | 16.5% | 16.5% | 16.3% | 15.9% | 16.3% | 17.0% | 16.5% | 16.7% | 16.9% | 17.4% | 17.1% | 19.7% | 21.8% | 21.9% | 21.7% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
| SG&A | $433.48M | $530.12M | $894.80M | $821.10M | $932.10M | $990.10M | $1.03B | $1.12B | $1.11B | $1.23B | $1.35B | $1.41B | $1.72B | $1.91B | $2.03B | $2.15B | $2.95B | $2.99B | $2.71B | $3.22B |
| Operating income | $419.63M | $396.40M | $-1.39B | $-31.90M | $352.70M | $470.70M | $510.60M | $508.60M | $673.00M | $742.00M | $820.00M | $866.50M | $987.30M | $1.13B | $1.18B | $1.42B | $1.74B | $1.68B | $1.65B | $1.66B |
| Operating margin | 6.7% | 5.8% | -17.2% | -0.4% | 4.0% | 4.9% | 5.0% | 4.7% | 5.6% | 5.7% | 6.0% | 5.8% | 6.1% | 6.3% | 6.4% | 6.8% | 7.3% | 7.9% | 7.9% | 7.4% |
| EBITDA | $441.13M | $424.54M | $543.30M | $428.10M | $564.30M | $557.40M | $720.90M | $653.80M | $792.90M | $1.03B | $1.07B | $1.07B | $1.25B | $1.38B | $1.58B | $1.64B | $2.01B | $1.68B | $1.93B | $1.95B |
| EBITDA margin | 7.0% | 6.3% | 6.7% | 6.0% | 6.4% | 5.8% | 7.1% | 6.1% | 6.6% | 8.0% | 7.9% | 7.2% | 7.7% | 7.6% | 8.6% | 7.9% | 8.5% | 7.9% | 9.2% | 8.7% |
| EBIT | $419.63M | $396.40M | $324.90M | $209.90M | $354.90M | $352.50M | $510.70M | $445.60M | $585.00M | $806.50M | $819.70M | $811.20M | $989.10M | $1.11B | $1.16B | $1.45B | $1.72B | $1.68B | $1.65B | $1.65B |
| Interest expense | $0.00 | $0.00 | $390.30M | $431.70M | $391.90M | $324.20M | $307.40M | $250.10M | $197.30M | $159.50M | $146.50M | $150.50M | $148.60M | $159.40M | $154.90M | $150.90M | $235.70M | $226.60M | $214.50M | $227.40M |
| Income tax | $160.87M | $148.27M | $-12.10M | $-87.80M | $-7.80M | $11.20M | $67.10M | $62.70M | $142.80M | $243.90M | $248.10M | $137.60M | $197.50M | $212.90M | $213.80M | $309.20M | $373.30M | $-345.90M | $357.60M | $360.80M |
| Effective tax rate | 37.2% | 35.8% | 0.7% | 19.0% | 21.1% | 39.6% | 36.1% | 32.1% | 36.8% | 37.7% | 36.9% | 20.8% | 23.5% | 22.4% | 21.3% | 23.8% | 25.1% | -45.6% | 24.9% | 25.3% |
| Net income | $272.09M | $266.08M | $-1.77B | $-373.40M | $-29.20M | $17.10M | $119.00M | $132.80M | $244.90M | $403.10M | $425.10M | $523.10M | $643.00M | $736.80M | $788.50M | $988.60M | $1.11B | $1.10B | $1.08B | $1.07B |
| Net income growth (YoY) | — | -2.2% | -763.4% | +78.8% | +92.2% | +158.6% | +595.9% | +11.6% | +84.4% | +64.6% | +5.5% | +23.1% | +22.9% | +14.6% | +7.0% | +25.4% | +12.7% | -0.9% | -2.4% | -1.0% |
| Profit margin | 4.3% | 3.9% | -21.9% | -5.2% | -0.3% | 0.2% | 1.2% | 1.2% | 2.0% | 3.1% | 3.1% | 3.5% | 4.0% | 4.1% | 4.3% | 4.7% | 4.7% | 5.2% | 5.1% | 4.8% |