CDW Corporation Income Statement
CDW / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
CDW Corporation reported $22.4B in revenue and $1.1B in net income for FY2025. Revenue has grown at a 6.2% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Strong return on equity: 41.4%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.4B | $21.0B | $21.4B | $23.7B | $20.8B | $18.5B | $18.0B | $16.2B | $14.8B | $13.7B | $13.0B | $12.1B | $2.4B | $10.1B | $9.6B |
| Cost of Revenue | $17.6B | $16.4B | $16.7B | $19.1B | $17.3B | $15.3B | $15.0B | $13.5B | $12.4B | $11.3B | $10.9B | $10.2B | $9.0B | $8.5B | $8.0B |
| Gross Profit | $4.9B | $4.6B | $4.7B | $4.7B | $3.6B | $3.2B | $3.0B | $2.7B | $2.5B | $2.3B | $2.1B | $1.9B | $1.8B | $1.7B | $1.6B |
| SG&A Expense | $3.2B | $3.0B | $3.0B | $3.0B | $2.1B | $2.0B | $1.9B | $1.7B | $1.4B | $1.3B | $1.2B | $1.1B | $1.1B | $1.0B | $990.1M |
| Operating Income | $1.7B | $1.7B | $1.7B | $1.7B | $1.4B | $1.2B | $1.1B | $987.3M | $866.5M | $820.0M | $742.0M | $673.0M | $508.6M | $510.6M | $470.7M |
| Interest Expense | - | - | -$226.6M | -$235.7M | -$150.9M | -$154.9M | -$159.4M | -$148.6M | - | - | - | - | $250.1M | $307.4M | $324.2M |
| Income Tax | $360.8M | $357.6M | $345.9M | $373.3M | $309.2M | $213.8M | $212.9M | $197.5M | $137.6M | $248.1M | $243.9M | $142.8M | $62.7M | $67.1M | $11.2M |
| Net Income | $1.1B | $1.1B | $1.1B | $1.1B | $988.6M | $788.5M | $736.8M | $643.0M | $523.1M | $425.1M | $403.1M | $244.9M | $132.8M | $119.0M | $17.1M |
| EPS (Basic) | $8.13 | $8.06 | $8.20 | $8.24 | $7.14 | $5.53 | $5.08 | $4.26 | $2.37 | $1.44 | $0.85 | $0.82 | $0.12 | - | $0.12 |
| EPS (Diluted) | $8.08 | $7.97 | $8.10 | $8.13 | $7.04 | $5.45 | $4.99 | $4.19 | $2.35 | $1.42 | $0.84 | $0.82 | $0.12 | - | $0.12 |
| Shares Outstanding | 129.4M | 132.6M | 134.1M | 135.5M | 134.8M | 141.9M | 143.0M | 147.7M | 160.3M | 168.2M | 172.2M | 172.0M | 145.1M | 144.8M | 144.9M |
| Gross Margin | 21.7% | 21.9% | 21.8% | 19.7% | 17.1% | 17.4% | 16.9% | 16.7% | 16.5% | 17.0% | 16.3% | 15.9% | 73.0% | 16.5% | 16.5% |
| Operating Margin | 7.4% | 7.9% | 7.9% | 7.3% | 6.8% | 6.4% | 6.3% | 6.1% | 5.8% | 6.0% | 5.7% | 5.6% | 21.1% | 5.0% | 4.9% |
| Profit Margin | 4.8% | 5.1% | 5.2% | 4.7% | 4.8% | 4.3% | 4.1% | 4.0% | 3.5% | 3.1% | 3.1% | 2.0% | 5.5% | 1.2% | 0.2% |