Direct Answer
CDW Corporation reported revenue of $22.4 billion for the fiscal year ended December 31, 2025, with an operating margin of 7.4% and net income of $1.1 billion, according to its SEC filings. Revenue grew 6.8% from the prior year.
What Are CDW Corporation's Key Financial Figures?
| Fiscal year | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended December 31, 2022 |
|---|---|---|---|---|
| Revenue | $22.4 billion | $21.0 billion | $21.4 billion | $23.7 billion |
| Operating income | $1.7 billion | $1.7 billion | $1.7 billion | $1.7 billion |
| Operating margin | 7.4% | 7.9% | 7.9% | 7.3% |
| Net income | $1.1 billion | $1.1 billion | $1.1 billion | $1.1 billion |
| Net margin | 4.8% | 5.1% | 5.2% | 4.7% |
| Operating cash flow | $1.2 billion | $1.3 billion | $1.6 billion | $1.3 billion |
| Capital expenditures | $117 million | $123 million | $148 million | $128 million |
| Free cash flow | $1.1 billion | $1.2 billion | $1.5 billion | $1.2 billion |
Operating margin held roughly steady between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $1.1 billion against net income of $1.1 billion; cash generation covered reported earnings.
What Does CDW Corporation's Balance Sheet Show?
| Cash and cash equivalents | $619 million |
|---|---|
| Long-term debt | $4.6 billion |
| Total assets | $16.0 billion |
| Total liabilities | Not reported |
| Shareholders' equity | $2.6 billion |
| Current ratio | 1.2x |
Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value CDW Corporation reported in its own SEC filings, read from the SEC's XBRL data (accession 0001402057-26-000011 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was CDW Corporation's revenue in fiscal 2025?
CDW Corporation reported revenue of $22.4 billion for the fiscal year ended December 31, 2025, according to its SEC filings.
What is CDW Corporation's operating margin?
CDW Corporation's operating margin was 7.4% in fiscal 2025: operating income of $1.7 billion on revenue of $22.4 billion.
How much free cash flow did CDW Corporation generate?
Operating cash flow of $1.2 billion less capital expenditures of $117 million gives free cash flow of $1.1 billion for fiscal 2025.