# CDW Corp: overview

CDW · Nasdaq · CIK 1402057 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/cdw.md) · [Financials](/companies/cdw/financials.md) · [Filings](/companies/cdw/filings.md) · [Insiders](/companies/cdw/insiders.md)

Latest reported revenue: [$6.57bn](/filings/0001402057-26-000065.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001402057-26-000065).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [5,517](/filings/0001402057-25-000193.md) | [5,186 d](/filings/0001402057-26-000011.md) | [5,199](/filings/0001402057-26-000025.md) | [5,977](/filings/0001402057-26-000065.md) | [5,737](/filings/0001402057-25-000193.md) | [5,511 d](/filings/0001402057-26-000011.md) | [5,680](/filings/0001402057-26-000025.md) | [6,572](/filings/0001402057-26-000065.md) |
| Gross margin | % | [21.8%](/filings/0001402057-25-000193.md) | [22.3% d](/filings/0001402057-26-000011.md) | [21.6%](/filings/0001402057-26-000025.md) | [20.8%](/filings/0001402057-26-000065.md) | [21.9%](/filings/0001402057-25-000193.md) | [22.8% d](/filings/0001402057-26-000011.md) | [21.0%](/filings/0001402057-26-000025.md) | [20.1%](/filings/0001402057-26-000065.md) |
| Operating margin | % | [8.7%](/filings/0001402057-25-000193.md) | [7.9% d](/filings/0001402057-26-000011.md) | [7.0%](/filings/0001402057-26-000025.md) | [7.0%](/filings/0001402057-26-000065.md) | [7.7%](/filings/0001402057-25-000193.md) | [7.8% d](/filings/0001402057-26-000011.md) | [6.6%](/filings/0001402057-26-000025.md) | [6.5%](/filings/0001402057-26-000065.md) |
| Net margin | % | [5.7%](/filings/0001402057-25-000193.md) | [5.1% d](/filings/0001402057-26-000011.md) | [4.3%](/filings/0001402057-26-000025.md) | [4.5%](/filings/0001402057-26-000065.md) | [5.1%](/filings/0001402057-25-000193.md) | [5.1% d](/filings/0001402057-26-000011.md) | [4.1%](/filings/0001402057-26-000025.md) | [4.2%](/filings/0001402057-26-000065.md) |
| Diluted EPS | $ per share | [2.34](/filings/0001402057-25-000193.md) | not reported | [1.69](/filings/0001402057-26-000025.md) | [2.05](/filings/0001402057-26-000065.md) | [2.21](/filings/0001402057-25-000193.md) | not reported | [1.82](/filings/0001402057-26-000025.md) | [2.15](/filings/0001402057-26-000065.md) |
| Free cash flow | $m | [309 d](/filings/0001402057-25-000193.md) | [317 d](/filings/0001402057-26-000011.md) | [260](/filings/0001402057-26-000025.md) | [133 d](/filings/0001402057-26-000065.md) | [299 d](/filings/0001402057-25-000193.md) | [396 d](/filings/0001402057-26-000011.md) | [248](/filings/0001402057-26-000025.md) | [(82.6) d](/filings/0001402057-26-000065.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [20.8](/filings/0001402057-24-000015.md) | [23.7](/filings/0001402057-25-000018.md) | [21.4](/filings/0001402057-26-000011.md) | [21.0](/filings/0001402057-26-000011.md) | [22.4](/filings/0001402057-26-000011.md) |
| Gross margin | % | [17.1%](/filings/0001402057-24-000015.md) | [19.7%](/filings/0001402057-25-000018.md) | [21.8%](/filings/0001402057-26-000011.md) | [21.9%](/filings/0001402057-26-000011.md) | [21.7%](/filings/0001402057-26-000011.md) |
| Operating margin | % | [6.8%](/filings/0001402057-24-000015.md) | [7.3%](/filings/0001402057-25-000018.md) | [7.9%](/filings/0001402057-26-000011.md) | [7.9%](/filings/0001402057-26-000011.md) | [7.4%](/filings/0001402057-26-000011.md) |
| Net margin | % | [4.7%](/filings/0001402057-24-000015.md) | [4.7%](/filings/0001402057-25-000018.md) | [5.2%](/filings/0001402057-26-000011.md) | [5.1%](/filings/0001402057-26-000011.md) | [4.8%](/filings/0001402057-26-000011.md) |
| Diluted EPS | $ per share | [7.04](/filings/0001402057-24-000015.md) | [8.13](/filings/0001402057-25-000018.md) | [8.10](/filings/0001402057-26-000011.md) | [7.97](/filings/0001402057-26-000011.md) | [8.08](/filings/0001402057-26-000011.md) |
| Free cash flow | $bn | [0.7](/filings/0001402057-24-000015.md) | [1.2](/filings/0001402057-25-000018.md) | [1.5](/filings/0001402057-26-000011.md) | [1.2](/filings/0001402057-26-000011.md) | [1.1](/filings/0001402057-26-000011.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/cdw/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $2.14bn | 15,238,070 |  | Added +517,771 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.17bn | 8,341,169 |  | Reduced −79,240 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $1.15bn | 8,197,577 |  | Added +14,235 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $812.9m | 5,779,688 |  | Added +48,493 |
| [HARRIS ASSOCIATES L P](/funds/813917.md) | 2026-06-30 | $779.6m | 5,543,451 |  | Added +160,389 |
| [Boston Partners](/funds/1386060.md) | 2026-06-30 | $739.3m | 5,256,810 |  | Added +1,320,812 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $547.5m | 3,890,627 |  | Added +101,652 |
| [HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC](/funds/1164833.md) | 2026-06-30 | $531.3m | 3,777,585 |  | Added +1,750,105 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $528.6m | 3,758,500 |  | Added +1,096,224 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $502.4m | 3,572,175 |  | Added +575,529 |

## Recent filings

[All 1,651 filings](/companies/cdw/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-19 | 16:23 ET | [8-K](/filings/0001402057-26-000106.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001402057-26-000106 |
| 2026-09-21 | 16:05 ET | [8-K](/filings/0001193125-26-396653.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-396653 |
| 2026-09-15 | 16:47 ET | [8-K](/filings/0001193125-26-392039.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001193125-26-392039 |
| 2026-08-05 | 16:04 ET | [10-Q](/filings/0001402057-26-000065.md) | Quarterly report, period 2026-06-30 | 0001402057-26-000065 |
| 2026-08-05 | 07:21 ET | [8-K](/filings/0001402057-26-000064.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001402057-26-000064 |
| 2026-08-05 | 07:06 ET | [8-K](/filings/0001402057-26-000062.md) | 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0001402057-26-000062 |
| 2026-05-26 | 16:03 ET | [8-K](/filings/0001402057-26-000038.md) | 5.03 Amendment to articles or bylaws; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001402057-26-000038 |
| 2026-05-13 | 08:31 ET | [8-K](/filings/0001402057-26-000031.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001402057-26-000031 |
| 2026-05-06 | 16:11 ET | [10-Q](/filings/0001402057-26-000025.md) | Quarterly report, period 2026-03-31 | 0001402057-26-000025 |
| 2026-05-06 | 07:08 ET | [8-K](/filings/0001402057-26-000023.md) | 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0001402057-26-000023 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001402057-26-000011.md), filed Feb 20, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/cc76cb6f-6a65-4c60-9b58-7ade261f2404)

## About the filer

- CIK: 1402057
- Tickers: CDW
- Exchange: Nasdaq
- SIC code: 5961 Retail-Catalog & Mail-Order Houses
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 14:58 ET. No prices; not investment advice.