CDW financials
$129.71−0.48%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.57B | $5.68B | $5.51B | $5.74B | $5.98B | $5.20B | $5.19B | $5.52B | $5.42B | $4.87B | $5.02B | $5.63B |
| Gross profit | $1.32B | $1.19B | $1.25B | $1.26B | $1.24B | $1.12B | $1.16B | $1.20B | $1.18B | $1.06B | $1.15B | $1.23B |
| Gross margin | 20.1% | 21.0% | 22.8% | 21.9% | 20.8% | 21.6% | 22.3% | 21.8% | 21.8% | 21.8% | 23.0% | 21.8% |
| Operating income | $428.6M | $376.0M | $430.7M | $443.3M | $420.2M | $361.4M | $408.6M | $481.6M | $433.1M | $328.0M | $435.0M | $478.4M |
| Net income | $274.4M | $235.4M | $279.5M | $291.0M | $271.2M | $224.9M | $264.2M | $316.4M | $281.1M | $216.1M | $296.1M | $315.5M |
| Net margin | 4.2% | 4.1% | 5.1% | 5.1% | 4.5% | 4.3% | 5.1% | 5.7% | 5.2% | 4.4% | 5.9% | 5.6% |
| Diluted EPS | $2.15 | $1.82 | $2.14 | $2.21 | $2.05 | $1.69 | $1.97 | $2.34 | $2.07 | $1.59 | $2.18 | $2.32 |
| EBITDA | $503.7M | $451.1M | $504.8M | $516.6M | $493.5M | $436.3M | $478.1M | $550.7M | $502.5M | $395.3M | $435.0M | $544.4M |
| Operating cash flow | -$55.1M | $274.8M | $433.8M | $328.3M | $155.9M | $287.2M | $345.3M | $342.1M | $149.9M | $440.0M | $536.5M | $468.6M |
| Free cash flow | -$82.6M | $248.4M | $395.9M | $298.5M | $133.4M | $260.3M | $316.7M | $308.5M | $119.0M | $410.5M | $503.0M | $425.2M |
| Diluted shares | 127.4M | 129.5M | 130.7M | 131.8M | 132.4M | 133.5M | 134.3M | 134.9M | 135.6M | 136.0M | 135.9M | 135.9M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $361.8M | $578.6M | $618.7M | $452.9M | $481.0M | $471.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $216.7M |
| Total debt | $5.82B | $5.64B | $5.63B | $5.63B | $5.63B | $5.85B |
| Total assets | $17.25B | $16.45B | $16.03B | $15.20B | $15.27B | $15.02B |
| Total liabilities | $14.81B | $13.90B | $13.42B | $12.66B | $12.80B | $12.70B |
| Shareholders' equity | $2.44B | $2.56B | $2.61B | $2.54B | $2.47B | $2.32B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology