CDW

CDW Information Technology Market cap $19.0B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 5, 2026

Revenue$6.57B +10% year over year

Gross profit$1.32B 20% margin

Operating profit$0.43B 7% margin

Net profit$0.27B 4% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	6.57	100%	+10%
Notebooks mobile devices	1.75	27%	+11%
Software products	1.11	17%	+13%
Data storage & servers	0.85	13%	+32%
Netcomm products	0.83	12%	+12%
Other hardware	0.63	10%	−3%
Services	0.52	8%	+1%
Collaboration	0.47	7%	+1%
Other	0.41	6%
Cost of revenue	−5.25	80%
Gross profit	1.32	20% margin	−1pp
SG&A	−0.89	14%	+0pp
Operating profit	0.43	7% margin	−1pp
Interest & other costs	−0.06
Tax	−0.10
Net profit	0.27	4% margin

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	5.68	100%	+9%
Notebooks mobile devices	1.41	25%	+5%
Software products	1.06	19%	+11%
Data storage & servers	0.69	12%	+32%
Netcomm products	0.68	12%	+23%
Other hardware	0.58	10%	+0%
Services	0.48	8%	+0%
Collaboration	0.43	8%	+7%
Other	0.36	6%
Cost of revenue	−4.49	79%
Gross profit	1.19	21% margin	−1pp
SG&A	−0.81	14%	+0pp
Operating profit	0.38	7% margin	+0pp
Interest & other costs	−0.06
Tax	−0.08
Net profit	0.24	4% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	5.51	100%	+6%
Notebooks mobile devices	1.28	23%	+12%
Software products	1.17	21%	+14%
Netcomm products	0.66	12%	+0%
Other hardware	0.62	11%	−3%
Data storage & servers	0.52	10%	−4%
Services	0.52	9%	+7%
Collaboration	0.44	8%	+7%
Other	0.31	6%
Cost of revenue	−4.26	77%
Gross profit	1.25	23% margin	+0pp
SG&A	−0.82	15%	+1pp
Operating profit	0.43	8% margin	+0pp
Interest & other costs	−0.06
Tax	−0.09
Net profit	0.28	5% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	5.74	100%	+4%
Notebooks mobile devices	1.43	25%	+5%
Software products	1.09	19%	+4%
Netcomm products	0.74	13%	+10%
Other hardware	0.65	11%	−1%
Services	0.53	9%	+9%
Data storage & servers	0.47	8%	−7%
Collaboration	0.45	8%	−2%
Other	0.37	7%
Cost of revenue	−4.48	78%
Gross profit	1.26	22% margin	+0pp
SG&A	−0.81	14%	+1pp
Operating profit	0.44	8% margin	−1pp
Interest & other costs	−0.05
Tax	−0.10
Net profit	0.29	5% margin	−1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	5.98	100%	+10%
Notebooks mobile devices	1.58	26%	+10%
Software products	0.99	17%	+16%
Netcomm products	0.74	12%	+16%
Other hardware	0.65	11%	+0%
Data storage & servers	0.64	11%	+17%
Services	0.52	9%	+8%
Collaboration	0.47	8%	−5%
Other	0.39	6%
Cost of revenue	−4.74	79%
Gross profit	1.24	21% margin	−1pp
SG&A	−0.82	14%	+0pp
Operating profit	0.42	7% margin	−1pp
Interest & other costs	−0.06
Tax	−0.09
Net profit	0.27	5% margin	−1pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	5.20	100%	+7%
Notebooks mobile devices	1.35	26%	+18%
Software products	0.95	18%	+8%
Other hardware	0.58	11%	−7%
Netcomm products	0.55	11%	−4%
Data storage & servers	0.52	10%	−4%
Services	0.48	9%	+13%
Collaboration	0.40	8%	−3%
Other	0.37	7%
Cost of revenue	−4.08	78%
Gross profit	1.12	22% margin	+0pp
SG&A	−0.76	15%	+0pp
Operating profit	0.36	7% margin	+0pp
Interest & other costs	−0.06
Tax	−0.08
Net profit	0.23	4% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Sep 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	5.52	100%	−2%
Notebooks mobile devices	1.37	25%	+12%
Software products	1.05	19%	+5%
Netcomm products	0.67	12%	−24%
Other hardware	0.66	12%	−11%
Data storage & servers	0.51	9%	−12%
Services	0.48	9%	+14%
Collaboration	0.46	8%	−6%
Other	0.32	6%
Cost of revenue	−4.32	78%
Gross profit	1.20	22% margin	+0pp
SG&A	−0.72	13%	+0pp
Operating profit	0.48	9% margin	+0pp
Interest & other costs	−0.05
Tax	−0.11
Net profit	0.32	6% margin	+0pp

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 5, 2026 Operating margin 7% Net profit $0.27B	Apr 1 – Jun 30, 2026	Aug 5, 2026	$6.57B	+10%	7%	$0.27B	4%
Q1 FY26 Jan 1 – Mar 31, 2026 reported May 6, 2026 Operating margin 7% Net profit $0.24B	Jan 1 – Mar 31, 2026	May 6, 2026	$5.68B	+9%	7%	$0.24B	4%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 20, 2026 Operating margin 8% Net profit $0.28B	Oct 1 – Dec 31, 2025	Feb 20, 2026	$5.51B	+6%	8%	$0.28B	5%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Nov 4, 2025 Operating margin 8% Net profit $0.29B	Jul 1 – Sep 30, 2025	Nov 4, 2025	$5.74B	+4%	8%	$0.29B	5%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Aug 6, 2025 Operating margin 7% Net profit $0.27B	Apr 1 – Jun 30, 2025	Aug 6, 2025	$5.98B	+10%	7%	$0.27B	5%
Q1 FY25 Jan 1 – Mar 31, 2025 reported May 7, 2025 Operating margin 7% Net profit $0.23B	Jan 1 – Mar 31, 2025	May 7, 2025	$5.20B	+7%	7%	$0.23B	4%
Q3 FY24 Jul 1 – Sep 30, 2024 reported Oct 30, 2024 Operating margin 9% Net profit $0.32B	Jul 1 – Sep 30, 2024	Oct 30, 2024	$5.52B	−2%	9%	$0.32B	6%