CDW Corporation (CDW) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
CDW Revenue Growth
Revenue Breakdown (FY 2025)
CDW's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CDW Revenue Analysis (2014–2025)
As of May 8, 2026, CDW Corporation (CDW) generated trailing twelve-month (TTM) revenue of $22.90 billion, reflecting solid growth of +9.2% year-over-year. The most recent quarter (Q1 2026) recorded $5.68 billion in revenue, up 3.1% sequentially.
Looking at the longer-term picture, CDW's 5-year compound annual growth rate (CAGR) stands at +4.0%, indicating moderate growth over time. The company achieved its highest annual revenue of $23.75 billion in 2022.
Revenue diversification analysis shows CDW's business is primarily driven by Total Hardware (72%), Software Products (19%), and Services (9%). With over half of revenue concentrated in Total Hardware, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including NSIT (-1.8% YoY), PC, and SCSC (+3.8% YoY), CDW has underperformed the peer group in terms of revenue growth. Compare CDW vs NSIT →
CDW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CDWCurrent | $22.9B | +9.2% | +4.0% | 7.4% | |
 NSIT | $8.2B | -1.8% | -0.2% | 4.6% | |
 PC | $5M | - | - | -28.8% | |
 SCSC | $3.0B | +3.8% | -0.0% | 2.8% | |
 SNX | $62.5B | +6.9% | +25.6% | 2.3% | |
 AVT | $22.2B | +12.7% | +4.7% | 2.8% |
CDW Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $22.42B | +6.8% | $4.87B | 21.7% | $1.66B | 7.4% |
| 2024 | $21.00B | -1.8% | $4.60B | 21.9% | $1.65B | 7.9% |
| 2023 | $21.38B | -10.0% | $4.65B | 21.8% | $1.68B | 7.9% |
| 2022 | $23.75B | +14.1% | $4.69B | 19.7% | $1.74B | 7.3% |
| 2021 | $20.82B | +12.7% | $3.57B | 17.1% | $1.42B | 6.8% |
| 2020 | $18.47B | +2.4% | $3.21B | 17.4% | $1.18B | 6.4% |
| 2019 | $18.03B | +11.0% | $3.04B | 16.9% | $1.13B | 6.3% |
| 2018 | $16.24B | +9.5% | $2.71B | 16.7% | $987.3M | 6.1% |
| 2017 | $14.83B | +8.5% | $2.45B | 16.5% | $866.5M | 5.8% |
| 2016 | $13.67B | +5.3% | $2.33B | 17.0% | $820.0M | 6.0% |
Full CDW Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See CDW's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CDW Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare CDW vs NVDA
Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.
Start ComparisonCDW — Frequently Asked Questions
Quick answers to the most common questions about buying CDW stock.
Is CDW's revenue growth accelerating or slowing?
CDW maintains +9.2% revenue growth, in line with its 5-year CAGR of +4.0%. TTM revenue stands at $22.9B. Growth rate remains consistent with historical average.
What is CDW's long-term revenue growth rate?
CDW Corporation's 5-year revenue CAGR of +4.0% reflects the sustained expansion pattern. Current YoY growth of +9.2% is near this long-term average.
How is CDW's revenue distributed by segment?
CDW reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.