Security
CDW · CDW Corp
CDWNASDAQCommon stockCurrentCIK 1402057Updated Sep 26, 2026
Name history
VH Holdings, Inc. · through Jun 8, 2007
CDW price & chart
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NASDAQ:CDW on TradingView ↗About the company
CDW Corporation (Nasdaq: CDW) is a leading multi-brand provider of information technology solutions to business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. CDW helps its customers to navigate an increasingly complex IT market and maximize return on their technology investments. For more information about CDW, please visit www. CDW.com.
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Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 16,028,200,000Source | 14,678,400,000Source | 13,284,600,000Source | 13,131,500,000Source |
| Property, Plant and Equipment, NetUSD | 171,500,000Source | 192,000,000Source | 195,500,000Source | 188,800,000Source |
| GoodwillUSD | 4,662,300,000Source | 4,620,400,000Source | 4,413,400,000Source | 4,342,700,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 1,186,400,000Source | 1,356,600,000Source | 1,369,700,000Source | 1,490,700,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 618,700,000Source | 503,500,000Source | 588,700,000Source | 315,200,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 6,312,400,000Source | 5,135,800,000Source | 4,567,500,000Source | 4,461,300,000Source |
| Inventory, NetUSD | 563,400,000Source | 605,300,000Source | 668,100,000Source | 800,200,000Source |
| Assets, CurrentUSD | 8,500,500,000Source | 7,373,100,000Source | 6,705,000,000Source | 6,564,000,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 452,000,000Source | 404,400,000Source | 410,200,000Source | 498,200,000Source |
| Operating Lease, Right-of-Use AssetUSD | 136,700,000Source | 120,200,000Source | 128,800,000Source | 149,200,000Source |
| Other Assets, NoncurrentUSD | — | — | 472,200,000Source | 396,100,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 1,300,000Source | 1,300,000Source | 1,300,000Source | 1,400,000Source |
| Retained Earnings (Accumulated Deficit)USD | -1,273,900,000Source | -1,322,900,000Source | -1,525,500,000Source | -1,763,800,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -99,800,000Source | -160,100,000Source | -124,600,000Source | -152,400,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,606,100,000Source | 2,352,700,000Source | 2,042,500,000Source | 1,603,300,000Source |
| Additional Paid in Capital, Common StockUSD | 3,978,500,000Source | 3,834,400,000Source | 3,691,300,000Source | 3,518,100,000Source |
| Liabilities and EquityUSD | 16,028,200,000Source | 14,678,400,000Source | 13,284,600,000Source | 13,131,500,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 7,226,100,000Source | 5,474,400,000Source | 5,442,000,000Source | 4,947,100,000Source |
| Operating Lease, Liability, CurrentUSD | 32,900,000Source | 32,200,000Source | 34,000,000Source | 31,900,000Source |
| Operating Lease, Liability, NoncurrentUSD | 157,800,000Source | 149,100,000Source | 164,000,000Source | 175,200,000Source |
| Deferred Income Tax Liabilities, NetUSD | 171,800,000Source | 167,400,000Source | 171,400,000Source | 203,400,000Source |
| Other Liabilities, NoncurrentUSD | — | — | 432,900,000Source | 336,100,000Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | 7,557,800,000Source | 6,058,800,000Source | 4,905,000,000Source | 4,664,300,000Source |
| Deferred Tax Liabilities, NetUSD | 171,200,000Source | 166,600,000Source | 170,800,000Source | 203,400,000Source |
| Long-term Debt, Current MaturitiesUSD | 1,007,500,000Source | 235,800,000Source | 613,100,000Source | 56,300,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 4,622,300,000Source | 5,607,000,000Source | 5,031,800,000Source | 5,866,400,000Source |
| Short-term InvestmentsUSD | 0Source | 214,200,000Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 295,600,000Source | 275,300,000Source | 270,700,000Source | 290,600,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 1,166,500,000Source | 559,400,000Source | 54,500,000Source | 34,800,000Source |
| Increase (Decrease) in InventoriesUSD | -48,200,000Source | -61,100,000Source | -139,000,000Source | -111,900,000Source |
| Deferred Income Tax Expense (Benefit)USD | 1,300,000Source | -14,100,000Source | -32,700,000Source | -18,200,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 1,205,200,000Source | 1,277,300,000Source | 1,598,700,000Source | 1,335,900,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 21,500,000Source | 323,900,000Source | 76,400,000Source | 36,700,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 70,200,000Source | -659,200,000Source | -229,600,000Source | -164,500,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 2,300,000Source | 1,600,000Source | 5,000,000Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 117,100,000Source | 122,600,000Source | 148,200,000Source | 127,800,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 26,100,000Source | 38,200,000Source | 40,000,000Source | 23,100,000Source |
| Payments for Repurchase of Common StockUSD | 653,000,000Source | 500,000,000Source | 500,000,000Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,184,500,000Source | -686,900,000Source | -1,098,700,000Source | -1,102,100,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 328,600,000Source | 332,100,000Source | 321,500,000Source | 282,600,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | 8,400,000Source | 24,200,000Source | 22,700,000Source | 22,900,000Source |
| Repayments of Long-term DebtUSD | 211,100,000Source | 0Source | 150,000,000Source | 635,500,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 111,200,000Source | -81,000,000Source | 273,500,000Source | 57,100,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 618,900,000Source | 507,700,000Source | 588,700,000Source | 315,200,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 234,300,000Source | 217,500,000Source | 233,200,000Source | 224,300,000Source |
| Income Taxes Paid, NetUSD | 326,000,000Source | 398,600,000Source | 401,400,000Source | 362,200,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 20,300,000Source | -12,200,000Source | 3,100,000Source | -12,200,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 83,600,000Source | 64,700,000Source | 93,700,000Source | 91,100,000Source |
| Amortization of Intangible AssetsUSD | 248,000,000Source | 222,000,000Source | 219,000,000Source | 233,000,000Source |
| DepreciationUSD | 48,000,000Source | 53,000,000Source | 52,000,000Source | 58,000,000Source |
| Depreciation, Amortization and Accretion, NetUSD | 295,600,000Source | 275,300,000Source | 270,700,000Source | 290,600,000Source |
| GoodwillUSD | 4,662,300,000Source | 4,620,400,000Source | 4,413,400,000Source | 4,342,700,000Source |
| Income Tax Expense (Benefit)USD | 360,800,000Source | 357,600,000Source | 345,900,000Source | 373,300,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,066,600,000Source | 1,077,800,000Source | 1,104,300,000Source | 1,114,500,000Source |
| Operating Lease, ExpenseUSD | 59,000,000Source | 60,000,000Source | 62,000,000Source | 62,000,000Source |
| Other Nonoperating Income (Expense)USD | -800,000Source | -1,400,000Source | -4,100,000Source | -11,700,000Source |
| Payments of Financing CostsUSD | — | — | 0Source | 0Source |
| Proceeds from Issuance of Long-term DebtUSD | 592,500,000Source | 1,197,800,000Source | 0Source | 0Source |
| Proceeds from Stock Options ExercisedUSD | 29,500,000Source | 47,000,000Source | 49,300,000Source | 30,200,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 22,424,100,000Source | 20,998,700,000Source | 21,376,000,000Source | 23,748,700,000Source |
| Cost of RevenueUSD | 17,550,700,000Source | 16,396,300,000Source | 16,723,600,000Source | 19,062,100,000Source |
| Selling, General and Administrative ExpenseUSD | 3,217,800,000Source | 2,951,100,000Source | 2,971,500,000Source | 2,951,400,000Source |
| Operating Income (Loss)USD | 1,655,600,000Source | 1,651,300,000Source | 1,680,900,000Source | 1,735,200,000Source |
| Other Nonoperating Income (Expense)USD | -800,000Source | -1,400,000Source | -4,100,000Source | -11,700,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 1,427,400,000Source | 1,435,400,000Source | 1,450,200,000Source | 1,487,800,000Source |
| Income Tax Expense (Benefit)USD | 360,800,000Source | 357,600,000Source | 345,900,000Source | 373,300,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,066,600,000Source | 1,077,800,000Source | 1,104,300,000Source | 1,114,500,000Source |
| Earnings Per Share, BasicUSD per share | 8.13Source | 8.06Source | 8.2Source | 8.24Source |
| Earnings Per Share, DilutedUSD per share | 8.08Source | 7.97Source | 8.1Source | 8.13Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 131,300,000Source | 133,800,000Source | 134,600,000Source | 135,200,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 132,100,000Source | 135,200,000Source | 136,300,000Source | 137,000,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 248,000,000Source | 222,000,000Source | 219,000,000Source | 233,000,000Source |
| Current Income Tax Expense (Benefit)USD | 359,500,000Source | 371,700,000Source | 378,600,000Source | 391,500,000Source |
| Gross ProfitUSD | 4,873,400,000Source | 4,602,400,000Source | 4,652,400,000Source | 4,686,600,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 1,261,800,000Source | 1,312,500,000Source | 1,298,100,000Source | 1,355,600,000Source |
| Interest Income (Expense), NetUSD | — | — | -226,600,000Source | -235,700,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -227,400,000Source | -214,500,000Source | — | — |
| Operating Lease, ExpenseUSD | 59,000,000Source | 60,000,000Source | 62,000,000Source | 62,000,000Source |
Filing attachments
d240122dex42.htm · 8-K · 2026-09-21
EXHIBIT 4.2 TWENTY-FIRST SUPPLEMENTAL INDENTURE Dated as of September 21, 2026 among CDW LLC, CDW FINANCE CORPORATION, CDW CORPORATION, as Guarantor and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee TO BASE INDENTURE Dated as of December 1, 2014 5.700% SENIOR NOTES DUE 2029 TABLE OF CONTENTS ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE Section 1.01. Relation to Base Indenture 2 Section 1.02. Definitions …
Read attachment ↗d240122dex44.htm · 8-K · 2026-09-21
EXHIBIT 4.4 TWENTY-SECOND SUPPLEMENTAL INDENTURE Dated as of September 21, 2026 among CDW LLC, CDW FINANCE CORPORATION, CDW CORPORATION, as Guarantor and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee TO BASE INDENTURE Dated as of December 1, 2014 6.100% SENIOR NOTES DUE 2032 TABLE OF CONTENTS ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE Section 1.01. Relation to Base Indenture 2 Section 1.02. Definitions …
Read attachment ↗d240122dex46.htm · 8-K · 2026-09-21
EXHIBIT 4.6 TWENTY-THIRD SUPPLEMENTAL INDENTURE Dated as of September 21, 2026 among CDW LLC, CDW FINANCE CORPORATION, CDW CORPORATION, as Guarantor and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee TO BASE INDENTURE Dated as of December 1, 2014 6.350% SENIOR NOTES DUE 2033 TABLE OF CONTENTS ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE Section 1.01. Relation to Base Indenture 2 Section 1.02. Definitions …
Read attachment ↗ex991-xpressreleasedatedau.htm · 8-K · 2026-08-05
EX-99.1 3 ex991-xpressreleasedatedau.htm EX-99.1 Document Exhibit 99.1 CDW Announces CFO Transition Albert J. Miralles to retire in 2027 upon completion of a planned transition VERNON HILLS, Ill., August 5, 2026 - CDW Corporation (Nasdaq: CDW) announced today that Albert J. Miralles, chief financial officer, plans to retire in 2027 following the completion of an orderly transition. Mr. Miralles will remain in his current role until his successor is appointed and will then continue to se…
Read attachment ↗