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CDW CORP

LISTEDNASDAQ
SYMBOLCDW
SIC5961
STATE OF INC.DE
FISCAL YEAR ENDSDecember 31
CIK1402057

RETAIL-CATALOG & MAIL-ORDER HOUSES · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

REVENUES, NET INCOME AND FREE CASH FLOW BY FISCAL YEAR$ billions05101520252016201720182019202020212022202320242025RevenuesNet incomeFree cash flowEARNINGS AND DIVIDENDS PER SHARE$ per share0.002.505.007.5010.002016201720182019202020212022202320242025EPS dilutedDividends per share

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)Amount%
Total debt5,65568.5
Stockholders' equity2,60631.5
Total capitalization8,261100.0

125,017,426 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 5 August 2026).

LONG-TERM DEBT 12/31/25

($ millions)Amount
Long-term debt, incl. current maturities5,655
Long-term debt, noncurrent4,622
Current maturities1,008

CAPITAL STOCK 12/31/25

Common shares authorized1,000,000,000
Par or stated value per share ($)0.01
Preferred stock ($ millions)0
Outstanding at 7/31/26125,017,426

DIVIDENDS DECLARED/PAID

Fiscal yearPer share $Payout %
20252.5031.0
20242.4831.2
20232.3929.5
20222.0925.7
20211.7024.1

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware. Formerly known as VH Holdings, Inc. (to 8 June 2007).

BUSINESS: Classified by the SEC under Standard Industrial Classification 5961, Retail-Catalog & Mail-Order Houses. Large accelerated filer. Principal executive office: 200 N Milwaukee Avenue, Vernon Hills, IL 60061. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)12/31/2512/31/2412/31/23
Revenues22,42420,99921,376
Cost of revenues17,55116,39616,724
Gross profit4,8734,6024,652
Selling, general and administrative3,2182,9512,972
Depreciation and amortization296275271
Operating income1,6561,6511,681
Income before income taxes1,4271,4351,450
Income taxes361358346
Net income1,0671,0781,104
Earned per share, diluted ($)8.087.978.10
Dividends per share ($)2.502.482.39

CONSOLIDATED BALANCE SHEET

($ millions)12/31/2512/31/24
Cash and equivalents619504
Receivables, net6,3125,136
Inventories563605
Total current assets8,5007,373
Property, plant and equipment, net172192
Goodwill4,6624,620
Total assets16,02814,678
Total current liabilities7,2265,474
Long-term debt4,6225,607
Stockholders' equity2,6062,353
Total liabilities and equity16,02814,678

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year endedRevenuesOper. incomeNet incomeNet margin %EPS diluted $Div. per share $Oper. cash flowCapital expend.Free cash flowTotal assetsTotal liabilitiesTotal debtStockholders' equityROE %Debt / equity
12/31/2522,4241,6561,0674.88.082.501,2051171,08816,02813,422d5,6552,60640.92.17
12/31/2420,9991,6511,0785.17.972.481,2771231,15514,67812,326d5,8762,35345.82.50
12/31/2321,3761,6811,1045.28.102.391,5991481,45013,28511,242d5,6732,04254.12.78
12/31/2223,7491,7351,1144.78.132.091,3361281,20813,13211,528d5,9591,60369.53.72
12/31/2120,8211,4199894.77.041.7078510068513,19912,494d6,904706140.19.78
12/31/2018,4681,1797884.35.451.541,3141581,1569,3458,048d3,9541,29760.83.05
12/31/1918,0321,1347374.14.991.261,0272367917,9997,039d3,33896076.73.48
12/31/1816,2409876434.04.190.93906868207,1686,192d3,22697565.93.31
12/31/1714,8338665233.53.310.69778816976,9675,9813,25698653.13.30
12/31/1613,6738204253.12.560.48604645406,9585,9103,2681,04840.63.12

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

CDW Corp
CIK 1402057 · EIN 26-0273989

PRINCIPAL OFFICE:

200 N Milwaukee Avenue, Vernon Hills, IL 60061
Tel.: 847-465-6000

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

5961 · Retail-Catalog & Mail-Order Houses

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 20 February 2026

FORMER NAMES:

VH Holdings, Inc.

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

9/21/268-Kperiod 9/21/26
9/15/268-Kperiod 9/14/26
8/5/2610-Qperiod 6/30/26
8/5/268-Kperiod 8/3/26
8/5/268-Kperiod 8/5/26
5/26/268-Kperiod 5/21/26
5/13/268-Kperiod 5/13/26
5/6/2610-Qperiod 3/31/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/20/26) · 10-K FY2024 (filed 2/21/25) · 10-K FY2023 (filed 2/26/24) · 10-K FY2022 (filed 2/24/23) · 10-K FY2021 (filed 2/28/22) · 10-K FY2020 (filed 2/26/21) · 10-K FY2019 (filed 2/28/20) · 10-K FY2018 (filed 2/27/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.

Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.

Data from SEC filings  ·  Educational only  ·  Not investment advice