CDW Corp
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CDW Q4 2025 request
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/api/financials?ticker=CDW&year=2025&quarter=4
Pick an endpoint and run the request.Income Statement
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Revenue | 5,511 | 5,186 | +6.3% |
Show Product Lines breakouts |
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| Collaboration | 434.8 | 405.7 | +7.2% |
| Data Storage and Servers | 520.2 | 540.6 | -3.8% |
| Desktops | 279.5 | 265.9 | +5.1% |
| Hardware | 3,795.8 | 3,652.5 | +3.9% |
| Hardware · All Other Segments | 488.4 | 434.1 | +12.5% |
| Hardware · Corporate | 1,527 | 1,549.1 | -1.4% |
| Hardware · Public | 1,432.8 | 1,369.7 | +4.6% |
| Hardware · Small Business | 347.6 | 299.6 | +16.0% |
| Netcomm Products | 664 | 661.1 | +0.4% |
| Notebooks/Mobile Devices | 1,280 | 1,140 | +12.3% |
| Other | 28.7 | 26.2 | +9.5% |
| Other Hardware | 617.3 | 639.2 | -3.4% |
| Other · All Other Segments | 4.5 | 3 | +50.0% |
| Other · Corporate | 15.1 | 14.5 | +4.1% |
| Other · Public | 4.5 | 4.4 | +2.3% |
| Other · Small Business | 4.6 | 4.3 | +7.0% |
| Services | 515.6 | 481.2 | +7.1% |
| Services · All Other Segments | 81.3 | 77.7 | +4.6% |
| Services · Corporate | 234.4 | 230.4 | +1.7% |
| Services · Public | 174.7 | 152 | +14.9% |
| Services · Small Business | 25.2 | 21.1 | +19.4% |
| Software | 1,170.9 | 1,026.1 | +14.1% |
| Software · All Other Segments | 94.7 | 92.3 | +2.6% |
| Software · Corporate | 593 | 550.9 | +7.6% |
| Software · Public | 403.6 | 327.9 | +23.1% |
| Software · Small Business | 79.6 | 55 | +44.7% |
Show Business Segments breakouts |
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| All Other Segments | 668.9 | 607.1 | +10.2% |
| All Other Segments · Non Us | 660.8 | 600.1 | +10.1% |
| All Other Segments · Operating Segments | 668.9 | 607.1 | +10.2% |
| All Other Segments · Transferred at a point in time where CDW is agent | 34.9 | 31.3 | +11.5% |
| All Other Segments · Transferred at a point in time where CDW is principal | 563.8 | 507.9 | +11.0% |
| All Other Segments · Transferred over time where CDW is principal | 70.2 | 67.9 | +3.4% |
| All Other Segments · US | 8.1 | 7 | +15.7% |
| Corporate | 2,369.5 | 2,344.9 | +1.0% |
| Corporate · Non Us | 12.5 | 13.5 | -7.4% |
| Corporate · Operating Segments | 2,369.5 | 2,344.9 | +1.0% |
| Corporate · Transferred at a point in time where CDW is agent | 224.3 | 221.6 | +1.2% |
| Corporate · Transferred at a point in time where CDW is principal | 1,964.9 | 1,959.5 | +0.3% |
| Corporate · Transferred over time where CDW is principal | 180.3 | 163.8 | +10.1% |
| Corporate · US | 2,357 | 2,331.4 | +1.1% |
| Public | 2,015.6 | 1,854 | +8.7% |
| Public · Non Us | 2.5 | 2.2 | +13.6% |
| Public · Operating Segments | 2,015.6 | 1,854 | +8.7% |
| Public · Transferred at a point in time where CDW is agent | 142.9 | 124.2 | +15.1% |
| Public · Transferred at a point in time where CDW is principal | 1,732.8 | 1,615.4 | +7.3% |
| Public · Transferred over time where CDW is principal | 139.9 | 114.4 | +22.3% |
| Public · US | 2,013.1 | 1,851.8 | +8.7% |
| Small Business | 457 | 380 | +20.3% |
| Small Business · Non Us | 7.4 | 6.1 | +21.3% |
| Small Business · Operating Segments | 457 | 380 | +20.3% |
| Small Business · Transferred at a point in time where CDW is agent | 50.2 | 36.4 | +37.9% |
| Small Business · Transferred at a point in time where CDW is principal | 388.6 | 328.6 | +18.3% |
| Small Business · Transferred over time where CDW is principal | 18.2 | 15 | +21.3% |
| Small Business · US | 449.6 | 373.9 | +20.2% |
Show Geography breakouts |
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| Non Us | 683.2 | 621.9 | +9.9% |
| US | 4,827.8 | 4,564.1 | +5.8% |
Show — breakouts |
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| Revenue | 2,369.5 | 2,344.9 | +1.0% |
| Revenue | 2,369.5 | 2,344.9 | +1.0% |
| Revenue | -3,963.3 | -3,325 | -19.2% |
| Revenue | -3,963.3 | -3,325 | -19.2% |
| Revenue | -4,483.4 | -4,005.4 | -11.9% |
| Revenue | -4,483.4 | -4,005.4 | -11.9% |
| Revenue | -4,236.8 | -3,988.8 | -6.2% |
| Revenue | -4,236.8 | -3,988.8 | -6.2% |
| Revenue | -4,353.1 | -4,012 | -8.5% |
| Revenue | -4,353.1 | -4,012 | -8.5% |
| Revenue | -5,346.2 | -4,968.8 | -7.6% |
| Revenue | -5,346.2 | -4,968.8 | -7.6% |
Show Timing Of Transfer Of Good Or Service breakouts |
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| Transferred at a point in time where CDW is agent | 452.3 | 413.5 | +9.4% |
| Transferred at a point in time where CDW is principal | 4,650.1 | 4,411.4 | +5.4% |
| Transferred over time where CDW is principal | 408.6 | 361.1 | +13.2% |
| Cost of Revenue | 4,256.6 | 4,030.7 | +5.6% |
Show Business Segments breakouts |
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| All Other Segments · Operating Segments | 532.6 | 483.1 | +10.2% |
| Corporate · Operating Segments | 1,796.4 | 1,786.2 | +0.6% |
| Public · Operating Segments | 1,582.1 | 1,468.6 | +7.7% |
| Small Business · Operating Segments | 345.5 | 292.8 | +18.0% |
| Gross Profit | 1,254.4 | 1,155.3 | +8.6% |
Show Business Segments breakouts |
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| All Other Segments · Operating Segments | 136.3 | 124 | +9.9% |
| Corporate · Operating Segments | 573.1 | 558.7 | +2.6% |
| Public · Operating Segments | 433.5 | 385.4 | +12.5% |
| Small Business · Operating Segments | 111.5 | 87.2 | +27.9% |
| Selling, General & Administrative | 823.7 | 746.7 | +10.3% |
| Operating Income | 430.7 | 408.6 | +5.4% |
Show Business Segments breakouts |
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| All Other Segments · Operating Segments | 29.5 | 30.1 | -2.0% |
| Corporate · Operating Segments | 230.2 | 295.5 | -22.1% |
| Public · Operating Segments | 189.7 | 170.5 | +11.3% |
| Small Business · Operating Segments | 58.3 | 43.3 | +34.6% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | -77 | -130.8 | +41.1% |
| Interest Income Expense Nonoperating Net | -58.5 | -56.5 | -3.5% |
| Other Non-Operating Income (Expense) | -3.1 | -0.6 | -416.7% |
| Income Before Taxes | 369.1 | 351.5 | +5.0% |
| Income Tax Expense (Benefit) | -89.6 | -87.3 | -2.6% |
| Net Income | 279.5 | 264.2 | +5.8% |
Show Equity Components breakouts |
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| Retained Earnings | 279.5 | 264.2 | +5.8% |
| EPS (Basic) | 2.15 | 1.99 | +8.0% |
| EPS (Diluted) | 2.14 | 1.97 | +8.6% |
| Wtd Avg Shares (Basic) | -0.4 | -0.2 | -100.0% |
| Wtd Avg Shares (Diluted) | -0.5 | -0.3 | -66.7% |
| Comprehensive Income | 286.2 | 212.4 | +34.7% |
| Other Comprehensive Income | 6.7 | -51.8 | +112.9% |
| Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax | 0 | 2.9 | -100.0% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | 0 | 2.9 | -100.0% |
Balance Sheet
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 618.7 | 503.5 | +22.9% |
| Accounts Receivable | 6,312.4 | 5,135.8 | +22.9% |
| Inventory | 563.4 | 605.3 | -6.9% |
| Other Receivables Net Current | 554 | 509.9 | +8.6% |
| Prepaid Expenses & Other Current Assets | 452 | 404.4 | +11.8% |
| Total Current Assets | 8,500.5 | 7,373.1 | +15.3% |
| Non-Current Assets | |||
| Operating Lease Right-of-Use Assets | 136.7 | 120.2 | +13.7% |
| Property, Plant & Equipment | 171.5 | 192 | -10.7% |
| Goodwill | 4,662.3 | 4,620.4 | +0.9% |
Show Business Segments breakouts |
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| All Other Segments | 346.5 | 323.9 | +7.0% |
| Corporate | 2,373.5 | 2,370.8 | +0.1% |
| Public | 1,712.1 | 1,695.5 | +1.0% |
| Small Business | 230.2 | 230.2 | 0.0% |
| Accounts Receivable After Allowance For Credit Loss And Other Assets Noncurrent | 1,370.8 | 1,016.1 | +34.9% |
| Total Assets | 16,028.2 | 14,678.4 | +9.2% |
| Intangible Assets | 1,186.4 | 1,356.6 | -12.5% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Customer Relationships | 978.7 | 1,116.5 | -12.3% |
| Other Intangible Assets | 25.9 | 33.4 | -22.5% |
| Software And Software Development Costs | 143 | 144.7 | -1.2% |
| Trade Names | 38.8 | 62 | -37.4% |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 1,186.4 | 1,356.6 | -12.5% |
| Current Liabilities | |||
| Accounts Payable Trade Current | 4,220.1 | 3,381.3 | +24.8% |
| Accounts Payable Inventory Financing | 352.6 | 355.2 | -0.7% |
| Current Portion of Long-Term Debt | 1,007.5 | 235.8 | +327.3% |
| Deferred Revenue (Current) | 534 | 491 | +8.8% |
| Employee Related Liabilities Current | 318.8 | 275.8 | +15.6% |
| Accrued Advertising Current | 176.1 | 137.7 | +27.9% |
| Sales And Excise Tax Payable Current | 82.9 | 61.6 | +34.6% |
| Other Accrued Liabilities Current | 534.1 | 536 | -0.4% |
| Total Current Liabilities | 7,226.1 | 5,474.4 | +32.0% |
| Non-Current Liabilities | |||
| Long-Term Debt | 4,622.3 | 5,607 | -17.6% |
| Deferred Tax Liabilities | 171.8 | 167.4 | +2.6% |
| Operating Lease Liabilities | 157.8 | 149.1 | +5.8% |
| Accounts Payable And Accrued Liabilities Noncurrent | 1,244.1 | 927.8 | +34.1% |
| Liabilities Noncurrent | 6,196 | 6,851.3 | -9.6% |
| Stockholders' Equity | |||
| Common Stock | 1.3 | 1.3 | 0.0% |
| Additional Paid In Capital Common Stock | 3,978.5 | 3,834.4 | +3.8% |
| Retained Earnings | -1,273.9 | -1,322.9 | +3.7% |
| Accumulated Other Comprehensive Income | -99.8 | -160.1 | +37.7% |
| Total Stockholders' Equity | 2,606.1 | 2,352.7 | +10.8% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | -99.8 | -160.1 | +37.7% |
| Additional Paid In Capital | 3,978.5 | 3,834.4 | +3.8% |
| Common Stock | 1.3 | 1.3 | 0.0% |
| Retained Earnings | -1,273.9 | -1,322.9 | +3.7% |
| Total Liabilities & Equity | 16,028.2 | 14,678.4 | +9.2% |
Cash Flow Statement
| Metric | YTD Q4 2025 | YTD Q4 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation Amortization And Accretion Net | 74.1 | 69.5 | +6.6% |
| Allocated Share Based Compensation Expense | 12.5 | 13.9 | -10.1% |
| Increase Decrease In Deferred Income Taxes | 4.5 | 12.9 | -65.1% |
| Provision For Doubtful Accounts | 10.7 | 15.1 | -29.1% |
| Other Operating Activities Cash Flow Statement | 7.8 | 0.8 | +875.0% |
| Change in Accounts Receivable | -533.5 | -238.5 | -123.7% |
| Change in Inventory | -58.6 | 71.6 | -181.8% |
| Increase Decrease In Other Operating Assets | -55.2 | -291.4 | +81.1% |
| Increase Decrease In Accounts Payable Trade | 541.6 | 156.3 | +246.5% |
| Increase Decrease In Other Operating Liabilities | 150.4 | 270.9 | -44.5% |
| Net Cash from Operations | 433.8 | 345.3 | +25.6% |
| Depreciation & Amortization | 74.1 | 69.5 | +6.6% |
Show Business Segments breakouts |
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| All Other Segments · Operating Segments | 7.8 | 7 | +11.4% |
| Corporate · Operating Segments | 29.9 | 18.6 | +60.8% |
| Public · Operating Segments | 18.6 | 13.5 | +37.8% |
| Small Business · Operating Segments | 2.3 | 0.7 | +228.6% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 15.5 | 29.7 | -47.8% |
| Investing Activities | |||
| Capital Expenditures | -37.9 | -28.6 | -32.5% |
| Payments To Acquire Businesses Net Of Cash Acquired | -16.5 | -323.7 | +94.9% |
| Other Investing Activities | -0.1 | -1.4 | +92.9% |
| Net Cash from Investing | -54.5 | -353.7 | +84.6% |
| Financing Activities | |||
| Net Change In Accounts Payable Inventory Financing | 21.6 | -1.8 | +1300.0% |
| Share Repurchases | -153 | -146 | -4.8% |
| Proceeds From Stock Options Exercised | 2.5 | 5.4 | -53.7% |
| Tax Withholding for Share Compensation | -4.1 | -5.4 | +24.1% |
| Payments Of Dividends Common Stock | -81.7 | -83.1 | +1.7% |
| Proceeds From Payments For Other Financing Activities | -6.3 | -41.9 | +85.0% |
| Net Cash from Financing | -215.8 | -416.2 | +48.1% |
| Supplemental | |||
| Interest Paid | -61.2 | -70.6 | +13.3% |
| Income Taxes Paid | -130.4 | -119.5 | -9.1% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 2.3 | -14.4 | +116.0% |
| Net Change in Cash | 165.8 | -439 | +137.8% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 618.9 | 507.7 | +21.9% |
Values in millions USD. Source: SEC EDGAR 10-K filing.