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CDW CDW Education — Operating income (loss)

Other segment segments

Commercial
$382.6M
Government
$59.9M
Other
$52M+22.1%

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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:OperatingIncomeLoss.

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
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
Net sales$3,631.3$746.6$926.6$672.1$5,976.6

Item 1. Financial Statements

FAQ

What is CDW's education — operating income (loss)?
CDW (CDW) reported education — operating income (loss) of $65.1M in Q2 2026.
What does education — operating income (loss) mean?
This metric measures the profitability of the education segment after accounting for both cost of sales and all operating expenses. It serves as the primary indicator of the segment's operational health and contribution to the overall company bottom line. It reflects the efficiency of the segment's business model.

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