CDW · XBRL financial data

CDW financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (CDW's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	18,468	20,821	23,749	21,376	20,999	22,424
Cost of goods and services sold	15,257	17,252	19,062	16,724	16,396	17,551
Gross profit	3,210	3,569	4,687	4,652	4,602	4,873
Selling, general and administrative	2,031	2,150	2,951	2,972	2,951	3,218
Operating income (loss)	1,179	1,419	1,735	1,681	1,651	1,656
Other income (expense)	(22)	30	(12)	(4)	(1)	(1)
Income tax expense (benefit)	214	309	373	346	358	361
Net income (loss)	789	989	1,115	1,104	1,078	1,067
Earnings per share, basic USD per share	5.53	7.14	8.24	8.20	8.06	8.13
Earnings per share, diluted USD per share	5.45	7.04	8.13	8.10	7.97	8.08
Weighted average shares, basic millions of shares	143	139	135	135	134	131
Weighted average shares, diluted millions of shares	145	141	137	136	135	132

Fiscal years (CDW's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1,410	258	315	589	504	619
Short-term investments	—	—	—	0	214	0
Accounts receivable	3,213	4,499	4,461	4,568	5,136	6,312
Inventory	760	928	800	668	605	563
Prepaid and other current assets	191	358	498	410	404	452
Total current assets	5,954	6,478	6,564	6,705	7,373	8,501
Property and equipment, net	176	196	189	196	192	172
Right-of-use asset	131	156	149	129	120	137
Goodwill	2,596	4,383	4,343	4,413	4,620	4,662
Total assets	9,345	13,199	13,132	13,285	14,678	16,028
Current portion of long-term debt	71	103	56	613	236	1,008
Total current liabilities	3,898	5,096	4,947	5,442	5,474	7,226
Long-term debt	3,856	6,756	5,866	5,032	5,607	4,622
Lease liability, non-current	169	184	175	164	149	158
Accumulated deficit	(1,813)	(2,571)	(1,764)	(1,526)	(1,323)	(1,274)
Total stockholders' equity	1,297	706	1,603	2,043	2,353	2,606
Total liabilities and equity	9,345	13,199	13,132	13,285	14,678	16,028
Common shares outstanding (cover page) millions of shares	141	135	136	134	132	129

Fiscal years (CDW's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	789	989	1,115	1,104	1,078	1,067
Depreciation and amortization	426	191	291	271	275	296
Net cash from operating activities	1,314	785	1,336	1,599	1,277	1,205
Purchases of property and equipment	158	100	128	148	123	117
Net cash from investing activities	(201)	(2,770)	(165)	(230)	(659)	70
Share repurchases	341	1,500	0	500	500	653
Dividends paid	220	235	283	322	332	329
Proceeds from long-term debt	1,300	3,918	0	0	1,198	593
Repayments of long-term debt	623	46	636	150	0	211
Net cash from financing activities	139	833	(1,102)	(1,099)	(687)	(1,185)
Net change in cash	1,256	(1,152)	57	274	(81)	111

SIC 5961 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 5961 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
CDW	362	6,572	(55)*	125.0M	Q2 FY26 10-QJun 30, 2026
Coupang	5,444	9,962	212*	not reported	Q3 FY26 10-QSep 30, 2026
Chewy	611	3,330	137*	not reported	Q2 FY26 10-QAug 2, 2026
QVC	1,512	1,765	154*	1	Q2 FY26 10-QJun 30, 2026
Wayfair	1,065	3,519	360*	not reported	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.