CDW Corporation (CDW): financials, SEC filings and peers
CDW Corporation (CDW) is a technology distributors company in the Information Technology sector of the S&P 500, headquartered in Vernon Hills, Illinois.
It was founded in 1984 and joined the S&P 500 on September 23, 2019.
Its fiscal year ends in December, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Retail-Catalog & Mail-Order Houses”.
CDW Corporation at a glance
- Revenue (12 months)
- $23.5B
- Revenue growth
- +7.4%
- Operating margin
- 7.1%
- Net income (12 months)
- $1.1B
- Free cash flow (12 months)
- $860M
- Cash
- $362M
- Debt
- $5.8B
- Diluted EPS (12 months)
- $8.32
Twelve months to June 30, 2026, from the 10-Q filed August 5, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, CDW Corporation reported revenue of $23.5 billion, about the same as a year earlier (+7.4%).
Its operating margin was 7.1%: for every $100 of sales, about $7 was left as operating profit.
Net income was $1.1 billion (4.6% of revenue), 0.3% higher than a year earlier.
Operating cash flow was $982 million and capital spending $122 million, leaving free cash flow of $860 million (3.7% of revenue).
At the end of the period it held $362 million in cash and $5.8 billion in debt, a net debt position of $5.5 billion.
The diluted share count fell 3.8% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $18.5 billion in fiscal 2020 to $22.4 billion in fiscal 2025, about 4.0% a year.
- Operating margin has been steady, around 7.4%.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $20.8B | $23.7B | $21.4B | $21.0B | $22.4B |
| Revenue growth | 12.7% | 14.1% | -10.0% | -1.8% | 6.8% |
| Operating margin | 6.8% | 7.3% | 7.9% | 7.9% | 7.4% |
| Net income | $989M | $1.1B | $1.1B | $1.1B | $1.1B |
| Free cash flow | $685M | $1.2B | $1.5B | $1.2B | $1.1B |
| Diluted EPS | $7.04 | $8.13 | $8.10 | $7.97 | $8.08 |
Fiscal years as reported in CDW Corporation’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 21, 2026 — Material agreement; New debt obligation
- 8-K filed September 15, 2026 — Material agreement
- 10-Q filed August 5, 2026 — quarterly report
- 8-K filed August 5, 2026 — Executive or director change; Regulation FD disclosure
- 8-K filed August 5, 2026 — Earnings results; Other event
- 8-K filed May 26, 2026 — Bylaw or fiscal-year change; Shareholder vote results
- 8-K filed May 13, 2026 — Regulation FD disclosure; Other event
- 10-Q filed May 6, 2026 — quarterly report
Companies like CDW Corporation
CDW Corporation is the only S&P 500 company in Technology Distributors.
More from Information Technology
Questions about CDW Corporation
Is CDW Corporation's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $23.5 billion, up 7.4% from a year earlier, according to its SEC filings.
Is CDW Corporation profitable?
Yes. It earned $1.1 billion in net income over the twelve months to June 30, 2026, a net margin of 4.6%.
Does CDW Corporation have more cash or more debt?
At June 30, 2026 it had $362 million in cash and $5.8 billion in debt, so more debt than cash.
When did CDW Corporation last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 5, 2026.
Which companies are similar to CDW Corporation?
In the S&P 500, CDW Corporation is grouped in Technology Distributors within the Information Technology sector.
Understand the numbers
Source: CDW Corporation’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.