Cdw annual free cash flow
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2025
Cdw Free Cash Flow (FCF) History (CDW)
Cdw reported $1.09B in free cash flow for fiscal 2025, a decrease of 5.77% from the previous fiscal year, with a free cash flow margin of 4.85%.
View full Cdw company overviewCdw free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.09B | −$66.6M | −5.77% | +4.85% |
| 2024 | 2024-12-31 | $1.15B | −$295.8M | −20.39% | +5.50% |
| 2023 | 2023-12-31 | $1.45B | $242.4M | +20.06% | +6.79% |
| 2022 | 2022-12-31 | $1.21B | $523.5M | +76.47% | +5.09% |
| 2021 | 2021-12-31 | $684.6M | −$471.7M | −40.79% | +3.29% |
| 2020 | 2020-12-31 | $1.16B | $365.4M | +46.20% | +6.26% |
| 2019 | 2019-12-31 | $790.9M | −$28.9M | −3.53% | +4.39% |
| 2018 | 2018-12-31 | $819.8M | $123.2M | +17.69% | +5.05% |
| 2017 | 2017-12-31 | $696.6M | $156.1M | +28.88% | +4.70% |
| 2016 | 2016-12-31 | $540.5M | $353.1M | +188.42% | +3.95% |
| 2015 | 2015-12-31 | $187.4M | −$192.6M | −50.68% | +1.44% |
| 2014 | 2014-12-31 | $380.0M | $60.8M | +19.05% | +3.15% |
| 2013 | 2013-12-31 | $319.2M | $43.2M | +15.65% | +2.96% |
| 2012 | 2012-12-31 | $276.0M | $107.0M | +63.31% | +2.73% |
| 2011 | 2011-12-31 | $169.0M | −$213.2M | −55.78% | +1.76% |
| 2010 | 2010-12-31 | $382.2M | $290.2M | +315.43% | +4.34% |
| 2009 | 2009-12-31 | $92.0M | — | — | +1.28% |
Cdw quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$82.6M | −$216.0M | — | −1.26% |
| Q1 2026 | 2026-03-31 | $248.4M | −$11.9M | −4.57% | +4.37% |
| Q4 2025 | 2025-12-31 | $395.9M | $79.2M | +25.01% | +7.18% |
| Q3 2025 | 2025-09-30 | $298.5M | −$10.0M | −3.24% | +5.20% |
| Q2 2025 | 2025-06-30 | $133.4M | $14.4M | +12.10% | +2.23% |
| Q1 2025 | 2025-03-31 | $260.3M | −$150.2M | −36.59% | +5.01% |
| Q4 2024 | 2024-12-31 | $316.7M | −$186.3M | −37.04% | +6.11% |
| Q3 2024 | 2024-09-30 | $308.5M | −$116.7M | −27.45% | +5.59% |
| Q2 2024 | 2024-06-30 | $119.0M | −$69.6M | −36.90% | +2.19% |
| Q1 2024 | 2024-03-31 | $410.5M | $76.8M | +23.01% | +8.42% |
| Q4 2023 | 2023-12-31 | $503.0M | $291.7M | +138.05% | +10.02% |
| Q3 2023 | 2023-09-30 | $425.2M | $125.9M | +42.06% | +7.55% |
| Q2 2023 | 2023-06-30 | $188.6M | −$169.4M | −47.32% | +3.35% |
| Q1 2023 | 2023-03-31 | $333.7M | −$5.8M | −1.71% | +6.54% |
| Q4 2022 | 2022-12-31 | $211.3M | $97.2M | +85.19% | +3.89% |
| Q3 2022 | 2022-09-30 | $299.3M | $35.2M | +13.33% | +4.82% |
| Q2 2022 | 2022-06-30 | $358.0M | $375.5M | — | +5.83% |
| Q1 2022 | 2022-03-31 | $339.5M | $15.6M | +4.82% | +5.71% |
| Q4 2021 | 2021-12-31 | $114.1M | −$437.4M | −79.31% | +2.06% |
| Q3 2021 | 2021-09-30 | $264.1M | $75.1M | +39.74% | +4.98% |
| Q2 2021 | 2021-06-30 | −$17.5M | −$235.7M | — | −0.34% |
| Q1 2021 | 2021-03-31 | $323.9M | $126.3M | +63.92% | +6.70% |
| Q4 2020 | 2020-12-31 | $551.5M | $367.9M | +200.38% | +11.13% |
| Q3 2020 | 2020-09-30 | $189.0M | −$47.7M | −20.15% | +3.97% |
| Q2 2020 | 2020-06-30 | $218.2M | $80.6M | +58.58% | +5.00% |
| Q1 2020 | 2020-03-31 | $197.6M | −$35.4M | −15.19% | +4.50% |
| Q4 2019 | 2019-12-31 | $183.6M | −$87.3M | −32.23% | +4.05% |
| Q3 2019 | 2019-09-30 | $236.7M | −$13.5M | −5.40% | +4.82% |
| Q2 2019 | 2019-06-30 | $137.6M | $45.2M | +48.92% | +2.97% |
| Q1 2019 | 2019-03-31 | $233.0M | $26.7M | +12.94% | +5.89% |
| Q4 2018 | 2018-12-31 | $270.9M | −$45.2M | −14.30% | +6.65% |
| Q3 2018 | 2018-09-30 | $250.2M | $209.1M | +508.76% | +5.72% |
| Q2 2018 | 2018-06-30 | $92.4M | $103.3M | — | +2.21% |
| Q1 2018 | 2018-03-31 | $206.3M | −$144.0M | −41.11% | +5.72% |
| Q4 2017 | 2017-12-31 | $316.1M | $233.5M | +282.69% | +8.42% |
| Q3 2017 | 2017-09-30 | $41.1M | −$129.4M | −75.89% | +1.04% |
| Q2 2017 | 2017-06-30 | −$10.9M | $118.5M | — | −0.28% |
| Q1 2017 | 2017-03-31 | $350.3M | −$66.5M | −15.95% | +10.76% |
| Q4 2016 | 2016-12-31 | $82.6M | $146.2M | — | +2.59% |
| Q3 2016 | 2016-09-30 | $170.5M | −$4.3M | −2.46% | +4.60% |
| Q2 2016 | 2016-06-30 | −$129.4M | −$37.8M | — | −3.53% |
| Q1 2016 | 2016-03-31 | $416.8M | $249.0M | +148.39% | +13.37% |
| Q4 2015 | 2015-12-31 | −$63.6M | −$127.5M | — | −1.86% |
| Q3 2015 | 2015-09-30 | $174.8M | $13.6M | +8.44% | +4.99% |
| Q2 2015 | 2015-06-30 | −$91.6M | −$9.5M | — | −2.76% |
| Q1 2015 | 2015-03-31 | $167.8M | −$69.2M | −29.20% | +6.09% |
| Q4 2014 | 2014-12-31 | $63.9M | $85.0M | — | +2.10% |
| Q3 2014 | 2014-09-30 | $161.2M | $8.0M | +5.22% | +4.94% |
| Q2 2014 | 2014-06-30 | −$82.1M | −$70.0M | — | −2.64% |
| Q1 2014 | 2014-03-31 | $237.0M | $37.8M | +18.98% | +8.94% |
| Q4 2013 | 2013-12-31 | −$21.1M | $44.6M | — | −0.78% |
| Q3 2013 | 2013-09-30 | $153.2M | $100.5M | +190.70% | +5.35% |
| Q2 2013 | 2013-06-30 | −$12.1M | −$86.4M | — | −0.44% |
| Q1 2013 | 2013-03-31 | $199.2M | −$15.5M | −7.22% | +8.26% |
| Q4 2012 | 2012-12-31 | −$65.7M | −$89.1M | — | −2.53% |
| Q3 2012 | 2012-09-30 | $52.7M | $20.2M | +62.15% | +2.01% |
| Q2 2012 | 2012-06-30 | $74.3M | $94.4M | — | +2.87% |
| Q1 2012 | 2012-03-31 | $214.7M | $81.5M | +61.19% | +9.26% |
| Q4 2011 | 2011-12-31 | $23.4M | −$72.3M | −75.55% | +0.94% |
| Q3 2011 | 2011-09-30 | $32.5M | — | — | +1.26% |
| Q2 2011 | 2011-06-30 | −$20.1M | — | — | −0.83% |
| Q1 2011 | 2011-03-31 | $133.2M | — | — | +6.25% |
| Q3 2010 | 2010-09-30 | $95.7M | — | — | +4.03% |
Cdw free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $1.16B to $1.09B, a compound annual decline of 1.21%. Cdw's latest reported quarter, Q2 2026, generated −$82.6M in free cash flow, a decrease of $216.0M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Cdw filings at SEC.gov ↗