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CDW CDW Gross Profit

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Segments

By segment

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Commercial$845.3M
Government$163.7M
Other$157.8M+11.1%
Education$153M

Other financials

Income statement

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Revenue$6.6B+10.0%
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

Calculated from CDW’s reported figures.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Net sales$6,572.2$5,976.6$12,252.0$11,175.7
Cost of sales5,252.44,735.49,742.28,812.2
Gross profit1,319.81,241.22,509.82,363.5
Selling and administrative expenses891.2821.01,705.21,581.9
Operating income428.6420.2804.6781.6
Interest expense, net(60.2)(56.8)(115.5)(113.9)
Other income (expense), net4.51.52.81.2
Income before income taxes372.9364.9691.9668.9

Item 1. Financial Statements

FAQ

What is CDW's gross profit?
CDW (CDW) reported gross profit of $1.32B in Q2 2026.
How has CDW's gross profit changed year-over-year?
CDW's gross profit increased by 6.3% year-over-year, from $1.24B to $1.32B.
What is the long-term trend for CDW's gross profit?
Over 4 years (2021 to 2025), CDW's gross profit has grown at a 8.1% compound annual growth rate (CAGR), from $3.57B to $4.87B.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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