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Companies / Information Technology / CDW Corporation
CDW

CDW Corporation

Information TechnologyCatalog RetailS&P 500
Ticker CDWVERNON HILLS, ILFiscal year ends DecemberBook value per share $19.02Diluted shares 128.4M

CDW Corporation (NASDAQ: CDW) is a Fortune 500 information technology solutions provider serving business, government, education, and healthcare customers across the United States, United Kingdom, and Canada. The company operates through its website at www.cdw.com and functions as a leading multi-brand IT channel… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$22.42BFY2025
+6.8% year over year
Last 12 mo $23.50B
7.38%FY2025
−0.5 percentage points
Last 12 mo 7.14%
$1.07BFY2025
−1.0% year over year
Last 12 mo $1.08B
40.93%FY2025
−4.9 percentage points
Last 12 mo 44.24%
Cash & financing
$1.21BFY2025
−5.6% year over year
Last 12 mo $981.80M
$1.09BFY2025
−5.8% year over year
Last 12 mo $860.20M
2.16FY2025
Was 2.48× a year earlier
Last 12 mo 2.38
132.1MFY2025
−2.3% year over year
Last 12 mo 128.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CDW Corporation does

In the company’s own words

CDW Corporation (NASDAQ: CDW) is a Fortune 500 information technology solutions provider serving business, government, education, and healthcare customers across the United States, United Kingdom, and Canada. The company operates through its website at www.cdw.com and functions as a leading multi-brand IT channel partner, offering over 100,000 products and services from more than 1,000 vendor partners including major technology companies such as Adobe, Apple, Cisco, Dell Technologies, Google, Hewlett Packard Enterprise, IBM, Lenovo, Microsoft, and Nvidia.

CDW generates revenue across three primary product categories: hardware representing approximately 72 percent of net sales, software at 19 percent, and services at nine percent. The company serves over 250,000 customers and operates through five dedicated customer channels in the US—corporate, small business, government, education, and healthcare—each generating $1.7 billion or greater in annual net sales. International operations in the UK and Canada contributed $2.7 billion in combined net sales. Total net sales reached $22.4 billion in 2025.

The company maintains approximately 14,800 coworkers globally, with 11,200 in the United States and 3,600 in international locations. CDW operates two distribution centers in North America and one in the UK, collectively providing over one million square feet of space and handling approximately 22 million units annually. The company leverages drop-shipment arrangements representing roughly 51 percent of North America net sales, enabling efficient product delivery without maintaining all inventory physically.

CDW's competitive positioning derives from its scale, vendor relationships, technical expertise, and integrated solutions capabilities spanning hybrid infrastructure, digital experience, security, and digital velocity services. The company provides customers with advisory and design services, software development, implementation, managed services, and warranties. As of January 1, 2026, CDW realigned its organizational structure into three reportable segments: Commercial, Government, and Education, with international operations remaining separate. The company's vendor-agnostic approach and deep end-market specialization enable it to serve as a trusted technology adviser across diverse customer segments and geographies.

Company details
Sector
Information Technology
Industry (SIC)
Catalog Retail
Headquarters
VERNON HILLS, IL
Fiscal year end
December
CIK
1402057
SIC
5961

Financial performance, year by year

Fiscal 2013–2025 · USD
$-2.37B$4.75B$11.87B$19.00B$26.12B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CDW Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

695
funds hold it
2 of 35
superinvestors hold it
$8.96B
held by funds, at market
51.9%
of shares held by funds

Superinvestors in CDW Corporation · what they did last quarter

Bill NygrenINCREASED +3.0%
Harris Associates (Oakmark)
1.0%of 13F portfolio
Stanley DruckenmillerNEW
Duquesne Family Office
2.4%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · CDW Corporation’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.22%of fund net assets
VANGUARD WINDSOR II FUND
VWNFX · VANGUARD WINDSOR FUNDS
—of fund net assets
Allspring Special Mid Cap Value Fund
WFMDX · ALLSPRING FUNDS TRUST
2.51%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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