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CDW CDW Education — Net Sales

Other segment segments

Commercial
$3.97B
Government
$848M
Other
$825.7M+22.9%

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Other financials

Income statement

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Revenue$6.6B+10.0%
Gross profit$1.3B+6.3%
Operating income$428.6M+2.0%
Net income$274.4M+1.2%
EPS (diluted)$2.15+4.9%

Balance sheet

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Cash & equivalents$361.8M-24.8%
Total debt$6.0B+3.4%
Total equity$2.4B-1.0%
Total assets$17.3B+13.0%

Cash flow

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Operating cash flow$274.8M-4.3%
CapEx$27.5M+22.2%
Free cash flow$248.4M-4.6%

Valuation

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Market cap$17.9B-17.9%
Enterprise value$23.5B-13.2%
P/E16.6×-3.7×
P/S0.8×-0.2×

Profitability

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Gross margin21.4%-0.2pp
Operating margin7.1%-0.5pp
Net margin4.6%-0.3pp
FCF margin4.7%0.0pp

Returns & leverage

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Return on equity44%-2.4pp
Debt / equity2.4×+0.1×
Current ratio1.2×-0.2×

Where this comes from

Reported directly by CDW in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: CDW’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001402057-26-000065
Three Months Ended June 30, 2026CommercialGovernmentEducationOtherHeadquartersTotal
Net sales$3,965.4$848.0$933.1$825.7$6,572.2
Cost of sales3,120.1684.3780.1667.95,252.4
Gross profit845.3163.7153.0157.81,319.8
Other segment expense items(1)462.7103.887.9105.8131.0891.2
Operating income (loss)$382.6$59.9$65.1$52.0$(131.0)$428.6
Other Segment Information(2)
Depreciation and amortization expense$27.0$10.4$3.3$8.0$26.6$75.3
Three Months Ended June 30, 2025

Item 1. Financial Statements

FAQ

What is CDW's education — net sales?
CDW (CDW) reported education — net sales of $933.1M in Q2 2026.
What does education — net sales mean?
This metric represents the total revenue generated from the sale of IT solutions, hardware, software, and services specifically to educational institutions. It reflects the company's market penetration and demand within the K-12 and higher education sectors. Tracking this helps assess the scale of the business unit's commercial activity.

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