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CDW CDW Services — Net Sales

Other product segments

Hardware
$4.91B+10.4%
Notebooks/Mobile Devices
$1.75B+11.1%
Software
$1.11B+12.5%
Data Storage and Servers
$844.8M+31.8%
Netcomm Products
$829.9M+12.1%
Other Hardware
$634M-3.0%
Collaboration
$472.5M+1.2%
Desktops
$372.3M+2.6%
Other
$32.2M+10.3%

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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
Line itemCommercialGovernmentEducationOtherTotal
Major Product and Services
Hardware$2,903.7$579.4$794.9$627.0$4,905.0
Software719.1187.490.9116.91,114.3
Services316.279.946.777.9520.7
Other(2)26.41.30.63.932.2
Total Net sales$3,965.4$848.0$933.1$825.7$6,572.2
Sales by Customer Channel
Corporate$2,618.1$2,618.1

Item 1. Financial Statements

FAQ

What is CDW's services — net sales?
CDW (CDW) reported services — net sales of $520.7M in Q2 2026.
How has CDW's services — net sales changed year-over-year?
CDW's services — net sales increased by 1.1% year-over-year, from $515.2M to $520.7M.
What is the long-term trend for CDW's services — net sales?
Over 4 years (2021 to 2025), CDW's services — net sales has grown at a 16.0% compound annual growth rate (CAGR), from $1.13B to $2.04B.
What does services — net sales mean?
This metric represents the total revenue generated specifically from the services segment of the business. It reflects the company's ability to monetize professional, managed, and support services beyond the sale of hardware or software products. Growth in this area typically indicates a shift toward higher-margin, recurring revenue streams.

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