CDW CDW Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Sales by Business | ||||||
| Commercial | $3.57B— | —— | —— | —— | $3.26B— | |
| Education | $675M— | —— | —— | —— | $658.5M— | |
| Government | $632.9M— | —— | —— | —— | $604.9M— | |
| Other | $802.5M+20.0% | $668.9M-4.2% | $698.4M+3.9% | $672.1M-1.2% | $680.4M+12.1% | |
| Gross Profit by Business | ||||||
| Commercial | $798.1M— | —— | —— | —— | $749.8M— | |
| Education | $112.5M— | —— | —— | —— | $105.4M— | |
| Government | $124.7M— | —— | —— | —— | $134.9M— | |
| Other | $154.7M+13.5% | $136.3M-5.9% | $144.9M+2.0% | $142M+7.4% | $132.2M+6.6% | |
| Operating income (loss) by Business | ||||||
| Commercial | $354.7M— | —— | —— | —— | $360.7M— | |
| Education | $39.4M— | —— | —— | —— | $25.3M— | |
| Government | $25.2M— | —— | —— | —— | $25.5M— | |
| Other | $46.5M+57.6% | $29.5M-31.4% | $43M+0.9% | $42.6M+9.0% | $39.1M+29.9% | |
| Cost of Sales by Business | ||||||
| Commercial | $2.77B— | —— | —— | —— | $2.51B— | |
| Education | $562.5M— | —— | —— | —— | $553.1M— | |
| Government | $508.2M— | —— | —— | —— | $470M— | |
| Other | $647.8M+21.6% | $532.6M-3.8% | $553.5M+4.4% | $530.1M-3.3% | $548.2M+13.5% | |
| Other segment expense items by Business | ||||||
| Commercial | $443.4M— | —— | —— | —— | $389.1M— | |
| Education | $73.1M— | —— | —— | —— | $80.1M— | |
| Government | $99.5M— | —— | —— | —— | $109.4M— | |
| Other | $108.2M+1.3% | $106.8M+4.8% | $101.9M+2.5% | $99.4M+6.8% | $93.1M-0.9% | |
| Depreciation, Depletion and Amortization by Business | ||||||
| Commercial | $26.8M— | —— | —— | —— | $26.6M— | |
| Education | $3.7M— | —— | —— | —— | $4.2M— | |
| Government | $10.5M— | —— | —— | —— | $12.3M— | |
| Other | $7.8M0.0% | $7.8M+6.8% | $7.3M+2.8% | $7.1M+4.4% | $6.8M-2.9% | |
| Net Sales by Product | ||||||
| Collaboration | $431.3M-0.8% | $434.8M-4.1% | $453.3M-2.9% | $466.9M+15.9% | $402.8M-0.7% | |
| Data Storage and Servers | $687.2M+32.1% | $520.2M+10.7% | $469.9M-26.7% | $641.2M+23.2% | $520.6M-3.7% | |
| Desktops | $332.3M+18.9% | $279.5M-18.6% | $343.2M-5.5% | $363M+4.6% | $347.1M+30.5% | |
| Hardware | $4.11B+8.4% | $3.8B-7.2% | $4.09B-8.0% | $4.44B+18.6% | $3.74B+2.5% | |
| Netcomm Products | $675.3M+1.7% | $664M-9.8% | $735.8M-0.6% | $740M+35.2% | $547.5M-17.2% | |
| Notebooks/Mobile Devices | $1.41B+10.2% | $1.28B-10.7% | $1.43B-9.1% | $1.58B+17.0% | $1.35B+18.2% | |
| Other Hardware | $578.8M-6.2% | $617.3M-5.5% | $653.1M-0.1% | $653.8M+13.0% | $578.6M-9.5% | |
| Services | $480.5M-6.8% | $515.6M-1.9% | $525.6M+2.0% | $515.2M+7.5% | $479.3M-0.4% | |
| Software | $1.05B-9.9% | $1.17B+7.1% | $1.09B+10.4% | $990.2M+4.4% | $948.3M-7.6% | |
| Percentage of Total Net Sales by Product | ||||||
| Collaboration | 7.6%— | —— | 7.9%+0.1pp | 7.8%+0.1pp | 7.7%— | |
| Data Storage and Servers | 12.1%— | —— | 8.2%-2.5pp | 10.7%+0.7pp | 10%+9.9pp | |
| Desktops | 5.9%— | —— | 6%-0.1pp | 6.1%-0.6pp | 6.7%— | |
| Hardware | 72.5%— | —— | 71.3%-3.0pp | 74.3%+2.3pp | 72%— | |
| Netcomm Products | 11.9%— | —— | 12.8%+0.4pp | 12.4%+1.9pp | 10.5%— | |
| Notebooks/Mobile Devices | 24.8%— | —— | 25%-1.4pp | 26.4%+0.5pp | 25.9%— | |
| Other Hardware | 10.2%— | —— | 11.4%+0.5pp | 10.9%-0.3pp | 11.2%— | |
| Other | 0.4%— | —— | 0.4%-0.1pp | 0.5%-0.1pp | 0.6%— | |
| Services | 8.5%— | —— | 9.2%+0.6pp | 8.6%-0.6pp | 9.2%— | |
| Software | 18.6%— | —— | 19.1%+2.5pp | 16.6%-1.6pp | 18.2%— | |
| Net Sales by Geography | ||||||
| Rest of World | $818.9M+19.9% | $683.2M-4.3% | $714.2M+2.3% | $698M-1.3% | $707.5M+13.8% | |
| United States | $4.86B+0.7% | $4.83B-3.9% | $5.02B-4.8% | $5.28B+17.5% | $4.49B-1.6% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does CDW break its business down?
- CDW (CDW) reports net sales by business across 4 parts — Commercial, Education, Government and Other. Each is extracted from the segment footnotes and tracked over time.
- Where does CDW's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in CDW's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
