CDW revenue and financials
$136.04Change from previous close: +2.06%Absolute change: +$2.75
In the fiscal year ended December 2025, CDW reported revenue of $22.42B (+6.79% year over year). Net income was $1.07B, a net margin of 4.8%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +6.79%
- 2025 vs 2024
- Net income growth
- −1.04%
- 2025 vs 2024
- Net margin
- 4.8%
- 2024: 5.1%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 22,424 | 20,999 | 21,376 | 23,749 | 20,821 | 18,468 | 18,032 | 16,241 | 14,833 | 13,673 |
| Cost of revenue | 17,551 | 16,396 | 16,724 | 19,062 | 17,252 | 15,257 | 14,993 | 13,534 | 12,383 | 11,344 |
| Gross profit | 4,873 | 4,602 | 4,652 | 4,687 | 3,569 | 3,210 | 3,040 | 2,707 | 2,450 | 2,328 |
| Selling, general and administrative | 3,218 | 2,951 | 2,972 | 2,951 | — | — | — | — | — | — |
| Operating income | 1,656 | 1,651 | 1,681 | 1,735 | 1,419 | 1,179 | 1,134 | 987 | 867 | 820 |
| EBIT | 1,655 | 1,650 | 1,677 | 1,724 | — | — | — | — | — | — |
| EBITDA | 1,950 | 1,925 | 1,948 | 2,014 | — | — | — | — | — | — |
| Interest expense | 227 | 215 | 227 | 236 | — | — | — | — | — | — |
| Pre-tax income | 1,427 | 1,435 | 1,450 | 1,488 | — | — | — | — | — | — |
| Income tax | 361 | 358 | 346 | 373 | 309 | 214 | 213 | 198 | 138 | 248 |
| Net income | 1,067 | 1,078 | 1,104 | 1,115 | 989 | 789 | 737 | 643 | 523 | 425 |
| Net income to common shareholders | 1,067 | 1,078 | 1,104 | 1,115 | — | — | — | — | — | — |
| Basic EPS | 8.13 | 8.06 | 8.20 | 8.24 | 7.14 | 5.53 | 5.08 | 4.26 | 3.37 | 2.60 |
| Diluted EPS | 8.08 | 7.97 | 8.10 | 8.13 | 7.04 | 5.45 | 4.99 | 4.19 | 3.31 | 2.56 |
| Average shares (basic) | 131 | 134 | 135 | 135 | — | — | — | — | — | — |
| Average shares (diluted) | 132 | 135 | 136 | 137 | 141 | 145 | 148 | 154 | 158 | 166 |