CDW CorporationCDWEarnings & Financial Report
CDW Corporation is an American multi-brand provider of information technology services, serving business, government, education, and healthcare sectors across the United States, the United Kingdom, and Canada. Headquartered in Vernon Hills, Illinois, CDW is a Fortune 500 and generated $21 billion in annual net sales in 2023.
CDW Q1 FY2026 Key Financial Metrics
Revenue
$5.7B
Gross Profit
$1.2B
Operating Profit
$376.0M
Net Profit
$235.4M
Gross Margin
21.0%
Operating Margin
6.6%
Net Margin
4.1%
YoY Growth
9.2%
EPS
$1.82
CDW Corporation Q1 FY2026 Financial Summary
CDW Corporation reported revenue of $5.7B (up 9.2% YoY) for Q1 FY2026, with a net profit of $235.4M (up 4.7% YoY) (4.1% margin). Cost of goods sold was $4.5B, operating expenses totaled $814.0M.
Key Financial Metrics
| Total Revenue | $5.7B |
|---|---|
| Net Profit | $235.4M |
| Gross Margin | 21.0% |
| Operating Margin | 6.6% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
CDW Corporation Q1 FY2026 revenue of $5.7B breaks down across 6 segments, led by Corporate at $2.4B (41.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Corporate | $2.4B | 41.8% |
| Other | $802.5M | 14.1% |
| Healthcare | $766.7M | 13.5% |
| Education | $675.0M | 11.9% |
| Government | $632.9M | 11.1% |
| Financial Services | $428.4M | 7.5% |
CDW Corporation Annual Revenue by Year
CDW Corporation annual revenue history includes year-by-year totals (for example, 2025 revenue was $22.4B).
CDW Corporation Quarterly Revenue & Net Profit History
CDW Corporation results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $5.7B | +9.2% | $235.4M | 4.1% |
| Q4 FY2025 | $5.5B | +6.3% | N/A | N/A |
| Q3 FY2025 | $5.7B | +4.0% | $291.0M | 5.1% |
| Q2 FY2025 | $6.0B | +10.2% | $271.2M | 4.5% |
| Q1 FY2025 | $5.2B | +6.7% | $224.9M | 4.3% |
| Q4 FY2024 | $5.2B | +3.3% | N/A | N/A |
| Q3 FY2024 | $5.5B | -2.0% | $316.4M | 5.7% |
| Q2 FY2024 | $5.4B | -3.6% | $281.1M | 5.2% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.42B | $5.52B | $5.19B | $5.20B | $5.98B | $5.74B | $5.51B | $5.68B |
| YoY Growth | -3.6% | -2.0% | 3.3% | 6.7% | 10.2% | 4.0% | 6.3% | 9.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $13.64B | $14.38B | $14.68B | $15.02B | $15.27B | $15.20B | $16.03B | $16.45B |
| Liabilities | $11.46B | $12.03B | $12.33B | $12.70B | $12.80B | $12.66B | $13.42B | $13.90B |
| Equity | $2.17B | $2.35B | $2.35B | $2.32B | $2.47B | $2.54B | $2.61B | $2.56B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $149.9M | $342.1M | $345.3M | $287.2M | $155.9M | $328.3M | $433.8M | $274.8M |