CDWNasdaqRetail-Catalog & Mail-Order HousesFiscal year ends December 31
CDW Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$152.65+2.17 (+1.44%)
Close on Oct 19, 2026
- Market cap
- $19.45B
- P/E (TTM)
- 18.3
- Dividend yield
- 1.64%
CDW Corp revenue by segment
By business segment
| Revenue | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial | $3.97B | $3.57B | – | – | $3.63B | $3.26B | – | – | – | – | – | – | 60.3% | +9.2% |
| Education | $933.10M | $675.00M | – | – | $926.60M | $658.50M | – | – | – | – | – | – | 14.2% | +0.7% |
| Government | $848.00M | $632.90M | – | – | $746.60M | $604.90M | – | – | – | – | – | – | 12.9% | +13.6% |
| Other | $825.70M | $802.50M | $668.90M | $698.40M | $672.10M | $680.40M | $607.10M | $640.00M | $602.00M | $631.20M | $587.20M | $601.30M | 12.6% | +22.9% |
| Public | – | – | $2.02B | $2.35B | $2.29B | $1.88B | $1.85B | $2.34B | $2.24B | $1.72B | $1.78B | $2.42B | – | – |
| Corporate | – | – | $2.37B | $2.26B | $2.58B | $2.24B | $2.34B | $2.16B | $2.20B | $2.14B | $2.29B | $2.23B | – | – |
| Small Business | – | – | $457.00M | $433.80M | $431.30M | $404.60M | $380.00M | $379.70M | $382.90M | $380.90M | $370.00M | $378.40M | – | – |
| Operating income | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial | $382.60M | $354.70M | – | – | $371.70M | $360.70M | – | – | – | – | – | – | +2.9% |
| Education | $65.10M | $39.40M | – | – | $56.10M | $25.30M | – | – | – | – | – | – | +16.0% |
| Government | $59.90M | $25.20M | – | – | $51.00M | $25.50M | – | – | – | – | – | – | +17.5% |
| Other | $52.00M | $46.50M | $29.50M | $43.00M | $42.60M | $39.10M | $30.10M | $32.50M | $24.20M | $25.30M | $42.90M | $30.30M | +22.1% |
| Public | – | – | $189.70M | $231.90M | $187.50M | $141.20M | $170.50M | $240.20M | $209.20M | $126.00M | $160.10M | $237.10M | – |
| Corporate | – | – | $230.20M | $195.30M | $243.10M | $220.70M | $295.50M | $209.00M | $197.00M | $178.00M | $235.90M | $211.10M | – |
| Small Business | – | – | $58.30M | $53.70M | $47.80M | $43.40M | $43.30M | $45.60M | $45.60M | $46.50M | $48.10M | $45.30M | – |
By product or service
| Revenue | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hardware | $4.91B | $4.11B | $3.80B | $4.09B | $4.44B | $3.74B | $3.65B | $3.96B | $4.06B | $3.55B | $3.55B | $4.18B | 74.6% | +10.4% |
| Notebooks/Mobile Devices | $1.75B | $1.41B | $1.28B | $1.43B | $1.58B | $1.35B | $1.14B | $1.37B | $1.44B | $1.14B | $1.08B | $1.23B | 26.7% | +11.1% |
| Software | $1.11B | $1.05B | $1.17B | $1.09B | $990.20M | $948.30M | $1.03B | $1.05B | $855.60M | $874.40M | $993.50M | $997.00M | 17.0% | +12.5% |
| Data Storage and Servers | $844.80M | $687.20M | $520.20M | $469.90M | $641.20M | $520.60M | $540.60M | $506.00M | $546.60M | $540.60M | $587.10M | $575.60M | 12.9% | +31.8% |
| Netcomm Products | $829.90M | $675.30M | $664.00M | $735.80M | $740.00M | $547.50M | $661.10M | $667.60M | $639.60M | $569.90M | $647.40M | $877.10M | 12.6% | +12.1% |
| Other Hardware | $634.00M | $578.80M | $617.30M | $653.10M | $653.80M | $578.60M | $639.20M | $662.90M | $652.70M | $620.60M | $590.30M | $745.10M | 9.6% | -3.0% |
| Services | $520.70M | $480.50M | $515.60M | $525.60M | $515.20M | $479.30M | $481.20M | $481.90M | $478.40M | $425.80M | $444.70M | $421.30M | 7.9% | +1.1% |
| Collaboration | $472.50M | $431.30M | $434.80M | $453.30M | $466.90M | $402.80M | $405.70M | $460.30M | $489.30M | $415.30M | $410.00M | $490.10M | 7.2% | +1.2% |
| Desktops | $372.30M | $332.30M | $279.50M | $343.20M | $363.00M | $347.10M | $265.90M | $291.40M | $295.50M | $258.40M | $241.80M | $264.60M | 5.7% | +2.6% |
| Other | $32.20M | $29.50M | $28.70M | $29.70M | $29.20M | $27.20M | $26.20M | $27.80M | $27.50M | $26.40M | $27.60M | $28.60M | 0.5% | +10.3% |
By region
| Revenue | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $5.73B | $4.86B | $4.83B | $5.02B | $5.28B | $4.49B | $4.56B | $4.86B | $4.81B | $4.22B | $4.42B | $5.00B | 87.2% | +8.6% |
| Rest of World | $839.40M | $818.90M | $683.20M | $714.20M | $698.00M | $707.50M | $621.90M | $653.50M | $614.30M | $652.10M | $601.20M | $624.50M | 12.8% | +20.3% |
From the segment and revenue-disaggregation notes of CDW's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.