CDW Corporation (CDW) — Financial statements
Income statement, balance sheet, and cash flow for CDW Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 22,424↑6.8% | 20,999↓1.8% | 21,376↓10.0% | 23,749↑14.1% | 20,821 | |
| Cost of Revenue | 17,551↑7.0% | 16,396↓2.0% | 16,724↓12.3% | 19,062↑10.5% | 17,252 | |
| Gross Profit | 4,873↑5.9% | 4,602↓1.1% | 4,652↓0.7% | 4,687↑31.3% | 3,569 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 2,708 | 0.00↓100.0% | 2,951↑37.3% | 2,150 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 218 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 3,218↑10.0% | 2,926↓1.5% | 2,972↑0.7% | 2,951↑37.3% | 2,150 | |
| Other Expenses | 0.00↓100.0% | 25 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 3,218↑9.0% | 2,951↓0.7% | 2,972↑0.7% | 2,951↑37.3% | 2,150 | |
| Total Costs & Expenses | 20,769↑7.3% | 19,347↓1.8% | 19,695↓10.5% | 22,014↑13.5% | 19,402 | |
| Operating Results | ||||||
| Operating Income | 1,656↑0.3% | 1,651↓1.8% | 1,681↓3.1% | 1,735↑22.3% | 1,419 | |
| Depreciation & Amortization | 296↑7.5% | 275↑1.7% | 271↓6.8% | 291↑52.0% | 191 | |
| EBITDA | 1,951↑1.3% | 1,925↓1.1% | 1,948↓3.3% | 2,014↑22.8% | 1,640 | |
| EBIT | 1,655↑0.3% | 1,650↓1.6% | 1,677↓2.7% | 1,724↑19.0% | 1,449 | |
| Interest & Other Income | ||||||
| Net Interest Income | -227↓6.0% | -215↑5.3% | -227↑3.9% | -236↓56.2% | -151 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 227↑6.0% | 215↓5.3% | 227↓3.9% | 236↑56.2% | 151 | |
| Non-Operating Income | 0.80↓42.9% | 1↓65.9% | 4↓65.0% | 12↑139.4% | -30 | |
| Other Income / Expenses | -228↓5.7% | -216↑6.4% | -231↑6.8% | -247↓104.1% | -121 | |
| Income Before Tax | 1,427↓0.6% | 1,435↓1.0% | 1,450↓2.5% | 1,488↑14.6% | 1,298 | |
| Income Tax Expense | 361↑0.9% | 358↑3.4% | 346↓7.3% | 373↑20.7% | 309 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,067↓1.0% | 1,078↓2.4% | 1,104↓0.9% | 1,115↑12.7% | 989 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,067↓1.0% | 1,078↓2.4% | 1,104↓0.9% | 1,115↑12.7% | 989 | |
| Bottom-Line Net Income | 1,067↓1.0% | 1,078↓2.4% | 1,104↓0.9% | 1,115↑12.7% | 989 | |
| EPS (Basic) | 8.13↑0.9% | 8.06↓1.7% | 8.20↓0.5% | 8.24↑15.4% | 7.14 | |
| EPS (Diluted) | 8.08↑1.4% | 7.97↓1.6% | 8.10↓0.5% | 8.14↑15.6% | 7.04 | |
| Weighted Average Shares | 131↓1.9% | 134↓0.6% | 135↓0.4% | 135↓2.4% | 139 | |
| Weighted Average Diluted Shares | 132↓2.3% | 135↓0.8% | 136↓0.5% | 137↓2.5% | 141 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.