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CDW CDW Pre-Tax Income

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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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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
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
Income tax expense(98.5)(93.7)(182.1)(172.8)
Net income$274.4$271.2$509.8$496.1
Net income per common share:
Basic$2.16$2.06$3.98$3.76

Item 1. Financial Statements

FAQ

What is CDW's pre-tax income?
CDW (CDW) reported pre-tax income of $372.9M in Q2 2026.
How has CDW's pre-tax income changed year-over-year?
CDW's pre-tax income increased by 2.2% year-over-year, from $364.9M to $372.9M.
What is the long-term trend for CDW's pre-tax income?
Over 4 years (2021 to 2025), CDW's pre-tax income has grown at a 2.4% compound annual growth rate (CAGR), from $1.3B to $1.43B.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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