Financials in USD. Standardized financial statements.
A compact view of how CDW Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $22.42B | $21.00B | $21.38B | $23.75B | $20.82B | $18.47B | $18.03B | $16.24B | $14.83B | $13.67B |
| Revenue Growth? | +6.8% | -1.8% | -10.0% | +14.1% | +12.7% | +2.4% | +11.0% | +9.5% | +8.5% | 0.0% |
| Cost of Revenue? | $17.55B | $16.40B | $16.72B | $19.06B | $17.25B | $15.26B | $14.99B | $13.53B | $12.38B | $11.34B |
| Gross Profit? | $4.87B | $4.60B | $4.65B | $4.69B | $3.57B | $3.21B | $3.04B | $2.71B | $2.45B | $2.33B |
| Gross Margin? | +21.7% | +21.9% | +21.8% | +19.7% | +17.1% | +17.4% | +16.9% | +16.7% | +16.5% | +17.0% |
| Operating Expenses? | $3.22B | $2.95B | $2.97B | $2.95B | $2.15B | $2.03B | $1.91B | $1.72B | $1.58B | $1.51B |
| Operating Income? | $1.66B | $1.65B | $1.68B | $1.74B | $1.42B | $1.18B | $1.13B | $987.30M | $866.50M | $820.00M |
| EBITDA? | $1.95B | $1.93B | $1.95B | $2.01B | $1.64B | $1.58B | $1.38B | $1.25B | $1.07B | $1.07B |
| Income Before Tax | $1.43B | $1.44B | $1.45B | $1.49B | $1.30B | $1.00B | $949.70M | $840.50M | $660.70M | $673.20M |
| Income Tax Expense | $360.80M | $357.60M | $345.90M | $373.30M | $309.20M | $213.80M | $212.90M | $197.50M | $137.60M | $248.10M |
| Net Income? | $1.07B | $1.08B | $1.10B | $1.11B | $988.60M | $788.50M | $736.80M | $643.00M | $523.10M | $425.10M |
| EPS? | $8.13 | $8.06 | $8.20 | $8.24 | $7.14 | $5.53 | $5.08 | $4.26 | $3.37 | $2.59 |
| Diluted EPS? | $8.08 | $7.97 | $8.10 | $8.14 | $7.04 | $5.45 | $4.99 | $4.19 | $3.31 | $2.56 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality