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)
- $24.5B
- Revenue growth
- +10.9%
- Operating margin
- 7.0%
- Net income (12 months)
- $1.1B
- Free cash flow (12 months)
- $934M
- Cash
- $1.5B
- Debt
- $7.1B
- Diluted EPS (12 months)
- $8.57
Twelve months to September 30, 2026, from the 10-Q filed November 4, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, CDW Corporation reported revenue of $24.5 billion, up 10.9% from a year earlier.
Its operating margin was 7.0%: for every $100 of sales, about $7 was left as operating profit.
Net income was $1.1 billion (4.5% of revenue), 4.5% higher than a year earlier.
Operating cash flow was $1.1 billion and capital spending $119 million, leaving free cash flow of $934 million (3.8% of revenue).
At the end of the period it held $1.5 billion in cash and $7.1 billion in debt, a net debt position of $5.6 billion.
The diluted share count fell 4.6% 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
- 10-Q filed November 4, 2026 — quarterly report
- 8-K filed November 4, 2026 — Earnings results; Other event
- 8-K filed October 19, 2026 — Executive or director change; Regulation FD disclosure
- 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
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 September 30, 2026 was $24.5 billion, up 10.9% 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 September 30, 2026, a net margin of 4.5%.
Does CDW Corporation have more cash or more debt?
At September 30, 2026 it had $1.5 billion in cash and $7.1 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 November 4, 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 November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.