Buyback yield (TTM)
4.19%
Shareholder yield (TTM)
6.28%
5Y share count change
-8.8%
Buyback spend (TTM)
$653.90M
Cumulative buybacks
$6.69B
Key takeaways
- CDW (CDW) repurchased about $653.90M of stock over the trailing twelve months.
- Diluted share count is down 8.8% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 7.67× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +13.9% per year over the latest 5-year window.
- TTM repurchases used about 87% of free cash flow remaining after dividends.
Dividend & buyback yield over time for CDW (CDW)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for CDW (CDW)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for CDW (CDW)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for CDW (CDW)
Latest: $653.00M
Overview
CDW (CDW) most recent annual buyback spend stands at $653.00M (2025) – surged 30.6% year-over-year.
Through 2020–2025 (5 years), CDW buyback spend delivered a +13.9% annualised rate; with mixed annual results across the window.
CDW buyback spend plunged from $1.50B in 2021 to $653.00M in 2025, a 56.5% drawdown.
The record annual buyback spend stands at $1.50B, reached in 2021; the historical low of $0.00 was recorded in 1993.
CDW Buyback Spend 2025: $653.00M
In 2025, CDW reported buyback spend of $653.00M, surged 30.6% from 2024.
CDW Buyback Spend 2024: $500.00M
CDW buyback spend in 2024 was $500.00M, edged up 0.0% from 2023.
CDW Buyback Spend 2023: $500.00M
CDW buyback spend in 2023 was $500.00M.
CDW Buyback Spend 2022: $0.00
CDW posted buyback spend of $0.00 in 2022, plunged 100.0% below 2021.
CDW Buyback Spend 2021: $1.50B
CDW buyback spend in 2021 was $1.50B.
See more financial history for CDW (CDW).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $653.00M | $0.00 | $653.00M | 3.69% | 0.13B | -2.3% | |
| 2024 | $500.00M | $64.70M | $435.30M | 2.16% | 0.14B | -0.8% | |
| 2023 | $500.00M | $93.70M | $406.30M | 1.64% | 0.14B | -0.5% | |
| 2022 | $0.00 | $91.10M | −$91.10M | — | 0.14B | -2.5% | |
| 2021 | $1.50B | $72.60M | $1.43B | 5.41% | 0.14B | -3.0% | |
| 2020 | $340.60M | $42.50M | $298.10M | 1.81% | 0.14B | -2.0% | |
| 2019 | $657.20M | $48.50M | $608.70M | 3.21% | 0.15B | -3.8% | |
| 2018 | $522.30M | $40.70M | $481.60M | 4.32% | 0.15B | -2.9% | |
| 2017 | $534.00M | $43.70M | $490.30M | 5.04% | 0.16B | -4.7% | |
| 2016 | $367.40M | $39.20M | $328.20M | 4.41% | 0.17B | -3.4% | |
| 2015 | $241.30M | $31.20M | $210.10M | 3.41% | 0.17B | -0.6% | |
| 2014 | $0.00 | $16.40M | −$16.40M | — | 0.17B | +8.9% | |
| 2013 | $200.00K | $46.60M | −$46.40M | 0.01% | 0.16B | +8.8% | |
| 2012 | $700.00K | $22.10M | −$21.40M | 0.02% | 0.15B | +0.6% | |
| 2011 | $400.00K | $19.50M | −$19.10M | 0.01% | 0.14B | +0.3% | |
| 2010 | $0.00 | $11.50M | −$11.50M | — | 0.14B | -1.2% | |
| 2009 | $0.00 | $15.90M | −$15.90M | — | 0.15B | 0.0% | |
| 2008 | $0.00 | $17.80M | −$17.80M | — | 0.15B | +81.2% | |
| 2006 | $227.67M | $0.00 | $227.67M | 15.91% | 0.08B | -3.5% | |
| 2005 | $258.30M | $0.00 | $258.30M | 17.56% | 0.08B | -3.4% | |
| 2004 | $86.01M | $0.00 | $86.01M | 5.64% | 0.09B | +0.4% | |
| 2003 | $76.32M | $0.00 | $76.32M | 5.02% | 0.09B | -2.4% | |
| 2002 | $128.29M | $0.00 | $128.29M | 8.33% | 0.09B | -0.9% | |
| 2001 | $98.22M | $0.00 | $98.22M | 6.26% | 0.09B | -1.9% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.09B | +2.9% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.09B | +3.3% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.09B | -1.1% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.09B | +2.1% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 0.08B | +1.1% | |
| 1995 | $0.00 | $0.00 | $0.00 | — | 0.08B | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$653.00M
- 2024$500.00M
- 2023$500.00M
- 2022$0.00
- 2021$1.50B
- 2020$340.60M
- 2019$657.20M
- 2018$522.30M
- 2017$534.00M
- 2016$367.40M
- 2015$241.30M
- 2014$0.00
- 2013$200.00K
- 2012$700.00K
- 2011$400.00K
- 2010$0.00
- 2009$0.00
- 2008$0.00
- 2006$227.67M
- 2005$258.30M
- 2004$86.01M
- 2003$76.32M
- 2002$128.29M
- 2001$98.22M
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$0.00
Buybacks vs stock-based compensation for CDW (CDW)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 7.67×.
Buybacks vs dividends (share of cash returned) for CDW (CDW)
How CDW splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as CDW, ranked by their latest buyback spend.
| $90.71B | |
| $40.09B | |
| $18.42B | |
| $6.65B | |
| $6.31B | |
| $1.32B | |
| $0.00 | |
| $0.00 |
- $90.71B
- $40.09B
- $18.42B
- $6.65B
- $6.31B
- $1.32B
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $749.30M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation