CDW revenue and financials
$133.75Change from previous close: −0.13%Absolute change: −$0.17
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,205 | 1,277 | 1,599 | 1,336 | 785 | 1,314 | 1,027 | 906 | 778 | 604 |
| Depreciation and amortization | 296 | 275 | 271 | 291 | 191 | 426 | 267 | 266 | 261 | 255 |
| Capital expenditure | -117 | -123 | -148 | -128 | -100 | -158 | -236 | -86.1 | -81.1 | -63.5 |
| Investing cash flow | 70.2 | -659 | -230 | -165 | -2,770 | — | — | — | — | — |
| Financing cash flow | -1,185 | -687 | -1,099 | -1,102 | 833 | — | — | — | — | — |
| Dividends paid | -329 | -332 | -322 | -283 | -235 | -220 | -183 | -139 | -107 | -78.7 |
| Share repurchases | -653 | -500 | -500 | 0.0 | -1,500 | -341 | -657 | -522 | -534 | -367 |
| Debt issued | 3,197 | 1,492 | 208 | 2,386 | 5,537 | — | — | — | — | — |
| Debt repaid | -3,412 | -1,332 | -456 | -3,236 | -2,959 | — | — | — | — | — |
| Effect of exchange rates | 20.3 | -12.2 | 3.1 | -12.2 | 0.1 | — | — | — | — | — |
| Net change in cash | 111 | -81.0 | 274 | 57.1 | -1,152 | — | — | — | — | — |
| Free cash flow | 1,088 | 1,155 | 1,451 | 1,208 | 685 | — | — | — | — | — |
| Levered free cash flow | 920 | 1,079 | 1,282 | 989 | 538 | — | — | — | — | — |