How does CDW (CDW) make money?

CDW (CDW) generates revenue primarily from Total Hardware, which accounted for 71.8% of total revenue in TTM through Q1 2026. The company reported $22.9B in revenue and converted 4.7% of it into net profit, equivalent to roughly $1.08B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of CDW (CDW)?

CDW (CDW) reported a gross profit margin of 21.6% in TTM through Q1 2026, equivalent to $4.94B in gross profit on $22.9B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of CDW (CDW)?

CDW (CDW) reported an operating profit margin of 7.3% in TTM through Q1 2026, equivalent to $1.67B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of CDW (CDW)?

CDW (CDW) reported a net profit margin of 4.7% in TTM through Q1 2026, equivalent to $1.08B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is CDW (CDW) profitable?

Yes. CDW (CDW) reported $1.08B in net income for TTM through Q1 2026, with a net profit margin of 4.7%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does CDW (CDW) spend on capital expenditures?

CDW (CDW) spent $117M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 0.5% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does CDW (CDW) generate?

CDW (CDW) generated $1.08B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 4.7%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of CDW (CDW)?

CDW (CDW) had an effective tax rate of 25.3% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of CDW (CDW)?

CDW (CDW) reports revenue across 4 reportable product segments, led by Hardware at 71.8% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does CDW (CDW) generate most of its revenue?

UNITED STATES is the largest geographic market for CDW (CDW), accounting for 64.4% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How CDW Makes Money: 2026 Visual Revenue Map

CDW (CDW) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 6, 2026).

CDW (CDW) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for CDW (CDW), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Hardware	$16.4B	71.8%
Software	$4.31B	18.8%
Services	$2.04B	8.9%
Other	$117M	0.5%
Total	$22.9B	100%

Hardware$16.4B
Software$4.31B
Services$2.04B
Other$117M
Total$22.9B

CDW (CDW) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for CDW (CDW), TTM through Q1 2026
Region	Revenue (USD)	% of total
UNITED STATES	$5.28B	64.4%
Non-US	$2.91B	35.6%
Total	$8.19B	100%

UNITED STATES
Non-US
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, CDW (CDW) reports revenue across 4 reportable product segments; the largest segment was Hardware at 71.8%, followed by Software (18.8%) and Services (8.9%). Geographically, UNITED STATES accounted for 64.4% of revenue, followed by Non-US (35.6%).

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