What is CDW's commercial — operating income (loss)?

CDW (CDW) reported commercial — operating income (loss) of $354.7M in Q1 2026.

What does commercial — operating income (loss) mean?

The operating profit or loss generated specifically by the commercial business segment.

How do you interpret commercial — operating income (loss)?

An increase indicates improved operational efficiency and profitability, while a decrease signals declining margins or rising operational costs.

How does commercial — operating income (loss) compare across companies?

Comparable to segment operating income reported by diversified IT services and distribution companies.

CDW CDW Commercial — Operating income (loss)

Other segment segments

Other

$46.5M+18.9%

Education

$39.4M—

Government

$25.2M—

Similar metrics at other companies

TTMICommercial — Operating Income

$81.57M+86.9%

WBSCommercial Banking — Operating Income (Loss)

$240.83M-0.3%

CWCommercial/Industrial — Operating Income

$7.39M-85.0%

BWXTCommercial Operations — Total operating income

$24.03M+272%

CNACommercial — Operating Income (Loss) From Continuing Operations Before Income Tax

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CNACommercial — Income Loss From Continuing Operations

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Other financials

Income statement

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Revenue$5.7B+9.2%

Gross profit$1.2B+6.0%

Operating income$376.0M+4.0%

Net income$235.4M+4.7%

EPS (diluted)$1.82+7.7%

Balance sheet

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Cash & equivalents$578.6M+22.7%

Total debt$5.8B-3.4%

Total equity$2.6B+10.0%

Total assets$16.5B+9.6%

Cash flow

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Operating cash flow$274.8M-4.3%

CapEx$26.4M-1.9%

Free cash flow$248.4M-4.6%

Valuation

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Market cap$16.4B-26.5%

Enterprise value$21.61B-22.2%

P/E15.2×-5.3×

P/S0.7×-0.3×

Profitability

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Gross margin21.6%-0.3pp

Operating margin7.3%-0.6pp

Net margin4.7%-0.4pp

FCF margin4.7%0.0pp

Returns & leverage

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Return on equity44.2%-4.5pp

Debt / equity2.3×-0.3×

Current ratio1.2×-0.2×

Where this comes from

Reported directly by CDW in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: CDW’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CDW's commercial — operating income (loss)?: CDW (CDW) reported commercial — operating income (loss) of $354.7M in Q1 2026.
What does commercial — operating income (loss) mean?: The operating profit or loss generated specifically by the commercial business segment.
How do you interpret commercial — operating income (loss)?: An increase indicates improved operational efficiency and profitability, while a decrease signals declining margins or rising operational costs.
How does commercial — operating income (loss) compare across companies?: Comparable to segment operating income reported by diversified IT services and distribution companies.