CDW Corp (CDW) Financial Statements (2026 and earlier)

Company Profile

Business Address 200 N MILWAUKEE AVENUE
VERNON HILLS, IL 60061
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5961 - Catalog and Mail-Order Houses (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6197185893152581,410
Cash and cash equivalent6195045893152581,410
Short-term investments  214    
Receivables6,8665,6465,0384,9504,9353,592
Inventory, net of allowances, customer advances and progress billings563605668800928760
Inventory563605668800928760
Other undisclosed current assets452404410498358191
Total current assets:8,5017,3736,7056,5646,4785,954
Noncurrent Assets
Operating lease, right-of-use asset137120129149156131
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization172192196189196176
Intangible asset, including goodwill, after accumulated amortization5,8495,9775,7835,8336,0113,041
Goodwill4,6624,6204,4134,3434,3832,596
Intangible asset, excluding goodwill, after accumulated amortization1,1861,3571,3701,4911,628445
Other noncurrent assets   47239635944
Other undisclosed noncurrent assets1,3711,016    
Total noncurrent assets:7,5287,3056,5806,5686,7213,391
TOTAL ASSETS:16,02814,67813,28513,13213,1999,345
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,3324,3923,9113,4033,6872,634
Taxes payable✕✕✕✕✕66104
Employee-related liabilities✕✕✕✕✕362288
Accounts payable4,2203,3812,8812,8213,1142,088
Accrued liabilities1,1121,0111,030582146153
Deferred revenue534491487486403244
Debt1,0082366135610371
Other liabilities    483455425
Other undisclosed current liabilities353355431519448525
Total current liabilities:7,2265,4745,4424,9475,0963,898
Noncurrent Liabilities
Long-term debt and lease obligation4,6225,6075,0325,8666,9404,025
Long-term debt, excluding current maturities4,6225,6075,0325,8666,7563,856
Liabilities, other than long-term debt1,5741,244768715458124
Accounts payable and accrued liabilities1,244928    
Deferred income tax liabilities17216717120322255
Other liabilities   43333623569
Operating lease, liability158149164175184169
Total noncurrent liabilities:6,1966,8515,8006,5817,3984,149
Total liabilities:13,42212,32611,24211,52812,4948,048
Equity
Equity, attributable to parent2,6062,3532,0431,6037061,297
Common stock111111
Additional paid in capital3,9793,8343,6913,5183,3703,205
Accumulated other comprehensive loss(100)(160)(125)(152)(94)(96)
Accumulated deficit(1,274)(1,323)(1,526)(1,764)(2,571)(1,813)
Total equity:2,6062,3532,0431,6037061,297
TOTAL LIABILITIES AND EQUITY:16,02814,67813,28513,13213,1999,345

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues22,42420,99921,37623,74920,82118,468
Cost of revenue
(Cost of Product and Service Sold)		(17,551)(16,396)(16,724)(19,062)(17,252)(15,257)
Gross profit:4,8734,6024,6524,6873,5693,210
Operating expenses(3,218)(2,951)(2,972)(2,951)(2,150)(2,031)
Operating income:1,6561,6511,6811,7351,4191,179
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		(1)(1)(4)(12)30(22)
Income from continuing operations before equity method investments, income taxes:1,6551,6501,6771,7241,4491,157
Other undisclosed loss from continuing operations before income taxes(227)(215)(227)(236)(151)(155)
Income from continuing operations before income taxes:1,4271,4351,4501,4881,2981,002
Income tax expense(361)(358)(346)(373)(309)(214)
Income from continuing operations:1,0671,0781,1041,115989789
Income before gain (loss) on sale of properties:✕✕✕✕✕989789
Net income available to common stockholders, diluted:1,0671,0781,1041,115989789

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:1,0671,0781,1041,115989789
Comprehensive income:1,0671,0781,1041,115989789
Other undisclosed comprehensive income (loss), net of tax, attributable to parent60(36)28(58)122
Comprehensive income, net of tax, attributable to parent:1,1271,0421,1321,057990811

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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