CDW Corp revenue by segment CDW

Annual Quarterly

CDW Corp splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2025, which ended Dec 31, 2025 was Corporate Segment Private Sector Business at $9.4 billion, 42% of the total. By sales mix, the largest line in fiscal 2025, which ended Dec 31, 2025 was Total Hardware at $6.4 billion, 29% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	24,518	22,424	20,999	21,376	23,749	20,821	18,468	18,032	16,240	15,192	13,982
Operating segments
Corporate Segment Private Sector Business	—	9,442 +6.8% share 42.1%	8,837 -1.4% share 42.1%	8,961 share 41.9%	—	—	—	—	—	—	—
Public Segment Government Agencies Educationand Healthcare	—	8,535 +4.6% share 38.1%	8,158 -1.8% share 38.8%	8,306 share 38.9%	—	—	—	—	—	—	—
All Other Segments	—	2,720 +9.7% share 12.1%	2,480 -2.9% share 11.8%	2,554 share 11.9%	—	—	—	—	—	—	—
Small Business	—	1,727 +13.3% share 7.7%	1,524 -2.1% share 7.3%	1,556 share 7.3%	—	—	—	—	—	—	—
Sales mix
Total Hardware	7,464 -14.8% share 30.4%	6,403 +6.4% share 28.6%	6,016 -3.2% share 28.6%	6,217 share 29.1%	—	—	—	—	—	—	—
Notebooks Mobile Devices	6,189 +12.6% share 25.2%	5,638 +10.8% share 25.1%	5,090 +8.5% share 24.2%	4,690 -24.1% share 21.9%	6,180 -7.2% share 26.0%	6,659 +21.4% share 32.0%	5,486 +26.3% share 29.7%	4,345 +7.0% share 24.1%	4,062 +16.3% share 25.0%	3,492 share 23.0%	—
Other Hardware	2,439 -3.4% share 9.9%	2,503 -2.8% share 11.2%	2,575 -1.2% share 12.3%	2,607 -13.8% share 12.2%	3,023 +12.3% share 12.7%	2,692 -34.7% share 12.9%	4,122 +3.5% share 22.3%	3,980 +20.3% share 22.1%	3,309 +6.0% share 20.4%	3,122 share 20.6%	—
Data Storage And Servers	3,027 +39.4% share 12.3%	2,152 +0.8% share 9.6%	2,134 -4.8% share 10.2%	2,241 -9.6% share 10.5%	2,479 +21.2% share 10.4%	2,045 share 9.8%	—	—	—	—	—
Software Products	2,297 -9.4% share 9.4%	2,054 +10.2% share 9.2%	1,863 +5.1% share 8.9%	1,772 -51.9% share 8.3%	3,685 +31.5% share 15.5%	2,802 +8.6% share 13.5%	2,581 -0.2% share 14.0%	2,585 +10.9% share 14.3%	2,332 +8.7% share 14.4%	2,145 share 14.1%	—
Collaboration	1,785 +3.2% share 7.3%	1,758 -0.7% share 7.8%	1,771 -7.3% share 8.4%	1,910 -20.3% share 8.9%	2,395 +7.9% share 10.1%	2,219 share 10.7%	—	—	—	—	—
Desktops	1,352 +2.5% share 5.5%	1,333 +19.9% share 5.9%	1,111 +3.9% share 5.3%	1,069 -16.8% share 5.0%	1,285 +6.8% share 5.4%	1,204 +6.3% share 5.8%	1,132 -26.8% share 6.1%	1,547 +17.0% share 8.6%	1,322 +10.6% share 8.1%	1,196 share 7.9%	—
Services	939 -18.3% share 3.8%	924 +2.8% share 4.1%	898 -1.2% share 4.3%	909 -50.6% share 4.3%	1,842 +63.6% share 7.8%	1,126 +23.2% share 5.4%	914 +8.7% share 4.9%	841 +20.9% share 4.7%	696 +15.4% share 4.3%	603 share 4.0%	—
Other Products And Services	74 -5.8% share 0.3%	62 +3.3% share 0.3%	60 -3.7% share 0.3%	62 -52.2% share 0.3%	131 +6.6% share 0.6%	123 -11.9% share 0.6%	139 +12.0% share 0.8%	124 +9.3% share 0.7%	114 +0.7% share 0.7%	113 share 0.7%	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Retail-Catalog & Mail-Order Houses (SIC 5961)
Listed as: CDW (Nasdaq)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Vernon Hills, IL
SEC filer status: Large accelerated filer
SEC CIK: 1402057
Former names: VH Holdings, Inc. (until Jun 8, 2007)

Other Retail-Catalog & Mail-Order Houses companies

All 32 Retail-Catalog & Mail-Order Houses companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.