CDW Corporation (CDW) Financials
Key financial figures for CDW Corporation (Q3 2026).
CDW third-quarter net sales rose 17.7% to $6,754.5M and non-GAAP EPS rose 20.4% to $3.26, while gross margin fell to 20.5% from 21.9%. Net sales were $6,754.5M versus $5,737.4M a year earlier (+17.7%, +17.8% constant currency), with 64 selling days in both quarters; the release credits data storage and servers, notebooks/mobile devices, and software. Gross profit grew 10.3% to $1,385.3M, slower than sales, so gross margin was 20.5% versus 21.9%; the release attributes the decline to mix into, and lower margin in, certain product categories. GAAP operating income rose 10.4% to $489.5M and non-GAAP operating income rose 16.8% to $619.8M; non-GAAP operating margin was 9.2%, flat with last year. Figures are for Q3 2026, as CDW Corporation reported them.
- Revenue
- $6.8B
- Net Income
- $310M
- EPS
- $2.48
- Total Assets
- $19.6B
- Operating Cash Flow
- $399M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $6.8B | $310M | $2.46 | 7.25% | $372M |
| Q2 FY2026 | $6.6B | $274M | $2.15 | 6.52% | $166M |
| Q1 FY2026 | $5.7B | $235M | $1.82 | 6.64% | $248M |
| Q4 FY2025 | $5.5B | $280M | $2.14 | 7.82% | $396M |
| Q3 FY2025 | $5.7B | $291M | $2.21 | 7.73% | $299M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $22.4B | $1.1B | $8.08 | 7.38% | $1.1B |
| FY2024 | $21.0B | $1.1B | $7.97 | 7.86% | $1.2B |
| FY2023 | $21.4B | $1.1B | $8.10 | 7.86% | $1.5B |
Frequently asked questions
What was CDW Corporation's revenue last quarter?
CDW Corporation reported revenue of $6.75 billion for Q3 FY2026, up 17.7% from the same period a year earlier.
Is CDW Corporation profitable?
Yes. CDW Corporation reported net income of $309.8 million for Q3 FY2026, a net margin of 4.59% on revenue.
How has CDW Corporation's margin trended?
Operating margin was 7.25% in Q3 FY2026, compared with 7.73% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did CDW Corporation generate?
CDW Corporation generated free cash flow of $372.0 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for CDW Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.