CDW Corp (CDW) stock
CDWNasdaqRetail-Catalog & Mail-Order HousesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 15/308% below fair value
$171.65−1.14 (-0.66%)
Close on Nov 13, 2026Market cap $21.46BP/E 20.0Yield 1.46%
CDW operating margin
Operating margin is operating income as a percentage of revenue.
CDW's operating margin for the twelve months ending Sep 30, 2026 was 7.0%. For fiscal 2025 it was 7.4%, against 7.9% the year before. The highest annual figure on record is 7.9% in fiscal 2024.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 7.4% | −0.5 |
| FY2024 | Dec 31, 2024 | 7.9% | +0.0 |
| FY2023 | Dec 31, 2023 | 7.9% | +0.6 |
| FY2022 | Dec 31, 2022 | 7.3% | +0.5 |
| FY2021 | Dec 31, 2021 | 6.8% | +0.4 |
| FY2020 | Dec 31, 2020 | 6.4% | +0.1 |
| FY2019 | Dec 31, 2019 | 6.3% | +0.2 |
| FY2018 | Dec 31, 2018 | 6.1% | +0.2 |
| FY2017 | Dec 31, 2017 | 5.8% | −0.2 |
| FY2016 | Dec 31, 2016 | 6.0% | +0.3 |
| FY2015 | Dec 31, 2015 | 5.7% | +0.1 |
| FY2014 | Dec 31, 2014 | 5.6% | +0.9 |
| FY2013 | Dec 31, 2013 | 4.7% | −0.3 |
| FY2012 | Dec 31, 2012 | 5.0% | +0.1 |
| FY2011 | Dec 31, 2011 | 4.9% | +0.9 |
| FY2010 | Dec 31, 2010 | 4.0% | +4.5 |
| FY2009 | Dec 31, 2009 | -0.4% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 7.2% | −0.5 |
| Q2 FY2026 | Jun 30, 2026 | 6.5% | −0.5 |
| Q1 FY2026 | Mar 31, 2026 | 6.6% | −0.3 |
| Q4 FY2025 | Dec 31, 2025 | 7.8% | −0.1 |
| Q3 FY2025 | Sep 30, 2025 | 7.7% | −1.0 |
| Q2 FY2025 | Jun 30, 2025 | 7.0% | −1.0 |
| Q1 FY2025 | Mar 31, 2025 | 7.0% | +0.2 |
| Q4 FY2024 | Dec 31, 2024 | 7.9% | −0.8 |
| Q3 FY2024 | Sep 30, 2024 | 8.7% | +0.2 |
| Q2 FY2024 | Jun 30, 2024 | 8.0% | +0.7 |
| Q1 FY2024 | Mar 31, 2024 | 6.7% | −0.2 |
| Q4 FY2023 | Dec 31, 2023 | 8.7% | +0.5 |
| Q3 FY2023 | Sep 30, 2023 | 8.5% | +1.0 |
| Q2 FY2023 | Jun 30, 2023 | 7.3% | +0.2 |
| Q1 FY2023 | Mar 31, 2023 | 7.0% | +0.5 |
| Q4 FY2022 | Dec 31, 2022 | 8.2% | +2.1 |
| Q3 FY2022 | Sep 30, 2022 | 7.5% | +0.2 |
| Q2 FY2022 | Jun 30, 2022 | 7.1% | −0.1 |
| Q1 FY2022 | Mar 31, 2022 | 6.5% | −0.2 |
| Q4 FY2021 | Dec 31, 2021 | 6.1% | −0.6 |
| Q3 FY2021 | Sep 30, 2021 | 7.3% | +0.6 |
| Q2 FY2021 | Jun 30, 2021 | 7.2% | +0.7 |
| Q1 FY2021 | Mar 31, 2021 | 6.7% | +1.1 |
| Q4 FY2020 | Dec 31, 2020 | 6.7% | +0.4 |
| Q3 FY2020 | Sep 30, 2020 | 6.7% | +0.1 |
| Q2 FY2020 | Jun 30, 2020 | 6.5% | +0.0 |
| Q1 FY2020 | Mar 31, 2020 | 5.6% | −0.2 |
| Q4 FY2019 | Dec 31, 2019 | 6.3% | +0.3 |
| Q3 FY2019 | Sep 30, 2019 | 6.5% | +0.2 |
| Q2 FY2019 | Jun 30, 2019 | 6.5% | +0.1 |
| Q1 FY2019 | Mar 31, 2019 | 5.8% | +0.1 |
| Q4 FY2018 | Dec 31, 2018 | 6.0% | +0.1 |
| Q3 FY2018 | Sep 30, 2018 | 6.3% | +0.1 |
| Q2 FY2018 | Jun 30, 2018 | 6.3% | +0.4 |
| Q1 FY2018 | Mar 31, 2018 | 5.7% | +0.4 |
| Q4 FY2017 | Dec 31, 2017 | 5.9% | +0.2 |
| Q3 FY2017 | Sep 30, 2017 | 6.2% | – |
| Q2 FY2017 | Jun 30, 2017 | 5.9% | – |
| Q1 FY2017 | Mar 31, 2017 | 5.2% | – |
| Q4 FY2016 | Dec 31, 2016 | 5.6% | – |
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