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.
Revenue
$6.0B
Gross Profit
$1.2B
Operating Profit
$420.2M
Net Profit
$271.2M
Gross Margin
20.8%
Operating Margin
7.0%
Net Margin
4.5%
YoY Growth
10.2%
EPS
$2.05
CDW Corporation Q2 FY2025 Financial Summary
CDW Corporation reported revenue of $6.0B (up 10.2% YoY) for Q2 FY2025, with a net profit of $271.2M (down 3.5% YoY) (4.5% margin). Cost of goods sold was $4.7B, operating expenses totaled $821.0M.
Key Financial Metrics
| Total Revenue | $6.0B |
|---|---|
| Net Profit | $271.2M |
| Gross Margin | 20.8% |
| Operating Margin | 7.0% |
| Report Period | Q2 FY2025 |
CDW Corporation Annual Revenue by Year
CDW Corporation annual revenue history includes year-by-year totals (for example, 2025 revenue was $22.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $22.4B |
| 2024 | $21.0B |
| 2023 | $21.4B |
| 2022 | $23.7B |
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 |
|---|---|---|---|---|
| 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% |
| Q1 FY2024 | $4.9B | -4.5% | $216.1M | 4.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.87B | $5.42B | $5.52B | $5.19B | $5.20B | $5.98B | $5.74B | $5.51B |
| YoY Growth | -4.5% | -3.6% | -2.0% | 3.3% | 6.7% | 10.2% | 4.0% | 6.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $13.19B | $13.64B | $14.38B | $14.68B | $15.02B | $15.27B | $15.20B | $16.03B |
| Liabilities | $11.05B | $11.46B | $12.03B | $12.33B | $12.70B | $12.80B | $12.66B | $13.42B |
| Equity | $2.14B | $2.17B | $2.35B | $2.35B | $2.32B | $2.47B | $2.54B | $2.61B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $440.0M | $149.9M | $342.1M | $345.3M | $287.2M | $155.9M | $328.3M | $433.8M |