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Friday 6 November 2026 Export CDW’s income statement to Excel — free account

CDW Corporation

CDW Technology Information Technology Services

CDW Corporation’s revenue for fiscal 2025 (year ended December 2025) was $22.4 billion, up 6.79% from fiscal 2024.

Revenue
+17.7%
EPS
+11.6%
Free cash flow
+24.6%
Total debt
+26.6%

Quarter to September 2026, against a year earlier

159.67 9.08 −5.38%
Market cap
$19.8B
P/E
18.6×
Fwd P/E
17.6×
Dividend yield
1.58%
F-score
5/9
Altman Z
2.52
Beneish M
−2.35
Dividend safety
82/100
Overview Business Profile Earnings & Analysis
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Income Statement Balance Sheet Cash Flow Metrics & Ratios
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CDW Corporation (CDW) Gross margin

Alert me on Gross margin

CDW Corporation's gross margin over the twelve months to 30 September 2026 was 21.0%, down 0.7 percentage points from fiscal 2025 (21.7%). Over the past ten years it has ranged from 16.3% (fiscal 2015) to 21.9% (fiscal 2024); the current reading is higher than 82% of that period. That is below the Information Technology Services industry median of 30.0% and below the Technology sector median of 46.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 21.7% (0.19)
FY2024 21.9% 0.16
FY2023 21.8% 2.03
FY2022 19.7% 2.59
FY2021 17.1% (0.24)
FY2020 17.4% 0.52
FY2019 16.9% 0.19
FY2018 16.7% 0.15
FY2017 16.5% (0.51)
FY2016 17.0% 0.74

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 20.5% 0.43
Jun 2026 20.1% (0.87)
Mar 2026 21.0% (1.81)
Dec 2025 22.8% 0.88
43 more quarters

Against its own ten years

Low 16.3% High 21.9%
Ten-year median 17.1%
Current reading's percentile 72

Gross margin against peers

Company Gross margin
FISV Fiserv, Inc. compare 53.9%
FIS Fidelity National Information Services, Inc. compare 35.9%
CACI CACI International, Inc. compare 34.0%
CTSH Cognizant Technology Solutions Corporation compare 33.4%
BR Broadridge Financial Solutions, Inc. compare 31.5%
WIT Wipro Limited compare 28.9%
CDW CDW Corporation 21.0%
LDOS Leidos Holdings, Inc. compare 17.6%
WSE WISE GROUP PLC compare —
Information Technology Services industry median 30.0%
Technology sector median 46.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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