CDW Corporation revenue

CDW Corporation's revenue was $22.42bn in fiscal 2025, up 6.8% on the year before. Since fiscal 2009 ($7.16bn) it has grown at a compound 7.4% a year. Over the last twelve months it was $23.50bn.

Revenue history

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

CDW Corporation: revenue history, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	7.2	8.8	9.6	10.1	10.8	12.1	13.0	13.7	14.8	16.2	18.0	18.5	20.8	23.7	21.4	21.0	22.4	23.5
Growth on the year before	—	+22.9%	+9.1%	+5.5%	+6.3%	+12.1%	+7.6%	+5.3%	+8.5%	+9.5%	+11.0%	+2.4%	+12.7%	+14.1%	−10.0%	−1.8%	+6.8%	—
Gross profit	1.1	1.4	1.6	1.7	1.8	1.9	2.1	2.3	2.5	2.7	3.0	3.2	3.6	4.7	4.7	4.6	4.9	5.0

US$ millions unless shown otherwise. Fiscal quarters.

CDW Corporation: revenue history, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	5,517	5,186	5,199	5,977	5,737	5,511	5,680	6,572
Growth on the same quarter a year before	—	—	—	—	+4.0%	+6.3%	+9.2%	+10.0%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025

Segments
Line of business	Revenue	Share	YoY
Corporate Segment Private Sector Business	$9.4B	42.1%	▲ 6.8%
Public Segment Government Agencies Education and Healthcare	$8.5B	38.1%	▲ 4.6%
All Other Segments	$2.7B	12.1%	▲ 9.7%
Small Business	$1.7B	7.7%	▲ 13.3%

Products and services
Line of business	Revenue	Share	YoY
Total Hardware	$16.1B	71.9%	▲ 5.6%
Notebooks Mobile Devices (part of Total Hardware)	$5.6B	35.1%	▲ 10.8%
Software Products (part of Total Hardware)	$4.2B	26.2%	▲ 10.5%
Other Hardware (part of Total Hardware)	$2.5B	15.6%	▼ 2.8%
Services (part of Total Hardware)	$2B	12.7%	▲ 9.0%
Collaboration (part of Total Hardware)	$1.8B	10.9%	▼ 0.7%
Netcomm Products	$2.7B	12.0%	▲ 5.9%
Data Storage and Servers	$2.2B	9.6%	▲ 0.8%
Desktops	$1.3B	6.0%	▲ 19.9%
Other Products and Services	$115M	0.5%	▲ 6.4%

Geography
Region	Revenue	Share	YoY
United States	$19.6B	87.5%	▲ 6.3%
Outside the US	$2.8B	12.5%	▲ 10.3%

From CDW Corporation's 10-K filed February 20, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Technology Distributors: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
CDW Corporation	$23.50bn	7.4%	1.6%
Avnet Inc	$27.63bn	24.5%	1.4%
Arrow Electronics, Inc.	$35.92bn	26.1%	0.1%
Ingram Micro Holding Corp	$58.59bn	14.8%	—
Insight Enterprises Inc	$8.58bn	2.7%	-4.0%
TD Synnex Corp	$75.67bn	24.1%	8.4%

Compare with peers

Head to head: AVT vs CDW ARW vs CDW CDW vs INGM CDW vs NSIT

More: Technology Distributors stocks compared, Technology sector, rankings of US companies

Figures from CDW Corporation's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to CDW Corporation.