CDW CDW Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Sales by Business | ||||||
| Commercial | $3.57B+9.6% | —— | —— | —— | $3.26B— | |
| Education | $675M+2.5% | —— | —— | —— | $658.5M— | |
| Government | $632.9M+4.6% | —— | —— | —— | $604.9M— | |
| Other | $802.5M+17.9% | $668.9M+10.2% | $698.4M+9.1% | $672.1M+11.6% | $680.4M+7.8% | |
| Gross Profit by Business | ||||||
| Commercial | $798.1M+6.4% | —— | —— | —— | $749.8M— | |
| Education | $112.5M+6.7% | —— | —— | —— | $105.4M— | |
| Government | $124.7M-7.6% | —— | —— | —— | $134.9M— | |
| Other | $154.7M+17.0% | $136.3M+9.9% | $144.9M+15.5% | $142M+17.7% | $132.2M+9.5% | |
| Operating income (loss) by Business | ||||||
| Commercial | $354.7M-1.7% | —— | —— | —— | $360.7M— | |
| Education | $39.4M+55.7% | —— | —— | —— | $25.3M— | |
| Government | $25.2M-1.2% | —— | —— | —— | $25.5M— | |
| Other | $46.5M+18.9% | $29.5M-2.0% | $43M+32.3% | $42.6M+76.0% | $39.1M+54.5% | |
| Cost of Sales by Business | ||||||
| Commercial | $2.77B+10.6% | —— | —— | —— | $2.51B— | |
| Education | $562.5M+1.7% | —— | —— | —— | $553.1M— | |
| Government | $508.2M+8.1% | —— | —— | —— | $470M— | |
| Other | $647.8M+18.2% | $532.6M+10.2% | $553.5M+7.6% | $530.1M+10.1% | $548.2M+7.4% | |
| Other segment expense items by Business | ||||||
| Commercial | $443.4M+14.0% | —— | —— | —— | $389.1M— | |
| Education | $73.1M-8.7% | —— | —— | —— | $80.1M— | |
| Government | $99.5M-9.0% | —— | —— | —— | $109.4M— | |
| Other | $108.2M+16.2% | $106.8M+13.7% | $101.9M+9.6% | $99.4M+3.1% | $93.1M-2.4% | |
| Depreciation, Depletion and Amortization by Business | ||||||
| Commercial | $26.8M+0.8% | —— | —— | —— | $26.6M— | |
| Education | $3.7M-11.9% | —— | —— | —— | $4.2M— | |
| Government | $10.5M-14.6% | —— | —— | —— | $12.3M— | |
| Other | $7.8M+14.7% | $7.8M+11.4% | $7.3M+5.8% | $7.1M0.0% | $6.8M-4.2% | |
| Net Sales by Product | ||||||
| Collaboration | $431.3M+7.1% | $434.8M+7.2% | $453.3M-1.5% | $466.9M-4.6% | $402.8M-3.0% | |
| Data Storage and Servers | $687.2M+32.0% | $520.2M-3.8% | $469.9M-7.1% | $641.2M+17.3% | $520.6M-3.7% | |
| Desktops | $332.3M-4.3% | $279.5M+5.1% | $343.2M+17.8% | $363M+22.8% | $347.1M+34.3% | |
| Hardware | $4.11B+9.9% | $3.8B+3.9% | $4.09B+3.3% | $4.44B+9.4% | $3.74B+5.6% | |
| Netcomm Products | $675.3M+23.3% | $664M+0.4% | $735.8M+10.2% | $740M+15.7% | $547.5M-3.9% | |
| Notebooks/Mobile Devices | $1.41B+4.6% | $1.28B+12.3% | $1.43B+4.6% | $1.58B+9.7% | $1.35B+18.1% | |
| Other Hardware | $578.8M0.0% | $617.3M-3.4% | $653.1M-1.5% | $653.8M+0.2% | $578.6M-6.8% | |
| Services | $480.5M+0.3% | $515.6M+7.1% | $525.6M+9.1% | $515.2M+7.7% | $479.3M+12.6% | |
| Software | $1.05B+11.2% | $1.17B+14.1% | $1.09B+4.3% | $990.2M+15.7% | $948.3M+8.5% | |
| Percentage of Total Net Sales by Product | ||||||
| Collaboration | 7.6%-0.1pp | —— | 7.9%-0.4pp | 7.8%-1.2pp | 7.7%-0.8pp | |
| Data Storage and Servers | 12.1%+2.1pp | —— | 8.2%-1.0pp | 10.7%+0.6pp | 10%-1.1pp | |
| Desktops | 5.9%-0.8pp | —— | 6%+0.7pp | 6.1%+0.7pp | 6.7%+1.4pp | |
| Hardware | 72.5%+0.5pp | —— | 71.3%-0.5pp | 74.3%-0.6pp | 72%-0.8pp | |
| Netcomm Products | 11.9%+1.4pp | —— | 12.8%+0.7pp | 12.4%+0.6pp | 10.5%-1.2pp | |
| Notebooks/Mobile Devices | 24.8%-1.1pp | —— | 25%+0.2pp | 26.4%-0.1pp | 25.9%+2.5pp | |
| Other Hardware | 10.2%-1.0pp | —— | 11.4%-0.7pp | 10.9%-1.2pp | 11.2%-1.6pp | |
| Other | 0.4%-0.2pp | —— | 0.4%-0.1pp | 0.5%0.0pp | 0.6%0.0pp | |
| Services | 8.5%-0.7pp | —— | 9.2%+0.5pp | 8.6%-0.2pp | 9.2%+0.5pp | |
| Software | 18.6%+0.4pp | —— | 19.1%+0.1pp | 16.6%+0.8pp | 18.2%+0.3pp | |
| Net Sales by Geography | ||||||
| Rest of World | $818.9M+15.7% | $683.2M+9.9% | $714.2M+9.3% | $698M+13.6% | $707.5M+8.5% | |
| United States | $4.86B+8.2% | $4.83B+5.8% | $5.02B+3.3% | $5.28B+9.8% | $4.49B+6.4% |
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.
