CDW Corporation (CDW) FY2025 10-K Annual Report
CDW Corporation (CDW) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 20, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
CDW Corporation FY2025 10-K Analysis
Business Overview
- • Core business: multi-brand IT solutions provider serving business, government, education, healthcare in US, UK, Canada
- • New reporting segments effective 1/1/2026: Commercial (includes small business), Government, Education versus prior Corporate, Small Business, Public
Management Discussion & Analysis
- • Revenue $22,424M, up 6.8% YoY ($1,425M increase) driven by notebooks, software, desktops, services, and netcomm products
- • Operating margin 7.4% vs 7.9%, gross profit margin 21.7% vs 21.9%, net income down 1.0% to $1,067M
Risk Factors
- • Regulatory risk: compliance with EU General Data Protection Regulation and California Privacy Rights Act due to potential data breaches and associated penalties
- • Geopolitical risk: exposure to cyberattacks from state-sponsored organizations increasing during armed conflicts affecting system security
CDW Corporation FY2025 Key Financial MetricsXBRL
Revenue
$22.4B
▲ +6.8% YoY
Net Income
$1.1B
▼ -1.0% YoY
Gross Margin
21.7%
▼ -18bp YoY
Operating Margin
7.4%
▼ -48bp YoY
Net Margin
4.8%
▼ -38bp YoY
ROE
40.9%
▼ -488bp YoY
Total Assets
$16.0B
▲ +9.2% YoY
EPS (Diluted)
$8.08
▲ +1.4% YoY
Operating Cash Flow
$1.2B
▼ -5.6% YoY
Source: XBRL data from CDW Corporation FY2025 10-K filing on SEC EDGAR. All figures in USD.
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