Cdw annual gross margin
2009
2010
2011
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2015
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2021
2022
2023
2024
2025
Cdw Gross Margin Growth & History (CDW)
Cdw's gross margin was 21.73% for fiscal 2025.
View full Cdw company overviewCdw annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 21.73% | −0.18 pp |
| 2024 | 2024-12-31 | 21.92% | +0.15 pp |
| 2023 | 2023-12-31 | 21.76% | +2.03 pp |
| 2022 | 2022-12-31 | 19.73% | +2.60 pp |
| 2021 | 2021-12-31 | 17.14% | −0.24 pp |
| 2020 | 2020-12-31 | 17.38% | +0.52 pp |
| 2019 | 2019-12-31 | 16.86% | +0.19 pp |
| 2018 | 2018-12-31 | 16.67% | +0.15 pp |
| 2017 | 2017-12-31 | 16.52% | −0.51 pp |
| 2016 | 2016-12-31 | 17.03% | +0.74 pp |
| 2015 | 2015-12-31 | 16.29% | +0.38 pp |
| 2014 | 2014-12-31 | 15.91% | −0.43 pp |
| 2013 | 2013-12-31 | 16.35% | −0.14 pp |
| 2012 | 2012-12-31 | 16.48% | −0.01 pp |
| 2011 | 2011-12-31 | 16.49% | +0.69 pp |
| 2010 | 2010-12-31 | 15.80% | −0.01 pp |
| 2009 | 2009-12-31 | 15.82% | — |
Cdw quarterly gross margin
Q2.10
Q3.10
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Q3.12
Q4.12
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Q2.14
Q3.14
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Q2.15
Q3.15
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Q1.17
Q2.17
Q3.17
Q4.17
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Q2.20
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Q1.21
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Q3.22
Q4.22
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Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 20.08% | −0.69 pp |
| Q1 2026 | 2026-03-31 | 20.95% | −0.63 pp |
| Q4 2025 | 2025-12-31 | 22.76% | +0.48 pp |
| Q3 2025 | 2025-09-30 | 21.88% | +0.12 pp |
| Q2 2025 | 2025-06-30 | 20.77% | −1.05 pp |
| Q1 2025 | 2025-03-31 | 21.59% | −0.24 pp |
| Q4 2024 | 2024-12-31 | 22.28% | −0.71 pp |
| Q3 2024 | 2024-09-30 | 21.77% | −0.05 pp |
| Q2 2024 | 2024-06-30 | 21.81% | +0.81 pp |
| Q1 2024 | 2024-03-31 | 21.82% | +0.47 pp |
| Q4 2023 | 2023-12-31 | 22.99% | +1.27 pp |
| Q3 2023 | 2023-09-30 | 21.81% | +1.97 pp |
| Q2 2023 | 2023-06-30 | 21.00% | +1.99 pp |
| Q1 2023 | 2023-03-31 | 21.35% | +2.79 pp |
| Q4 2022 | 2022-12-31 | 21.72% | +4.10 pp |
| Q3 2022 | 2022-09-30 | 19.84% | +2.58 pp |
| Q2 2022 | 2022-06-30 | 19.01% | +1.85 pp |
| Q1 2022 | 2022-03-31 | 18.56% | +2.12 pp |
| Q4 2021 | 2021-12-31 | 17.62% | −0.15 pp |
| Q3 2021 | 2021-09-30 | 17.26% | −0.09 pp |
| Q2 2021 | 2021-06-30 | 17.15% | +0.04 pp |
| Q1 2021 | 2021-03-31 | 16.44% | −0.80 pp |
| Q4 2020 | 2020-12-31 | 17.77% | +0.64 pp |
| Q3 2020 | 2020-09-30 | 17.36% | +0.72 pp |
| Q2 2020 | 2020-06-30 | 17.12% | +0.40 pp |
| Q1 2020 | 2020-03-31 | 17.24% | +0.25 pp |
| Q4 2019 | 2019-12-31 | 17.14% | +0.11 pp |
| Q3 2019 | 2019-09-30 | 16.64% | +0.32 pp |
| Q2 2019 | 2019-06-30 | 16.71% | +0.10 pp |
| Q1 2019 | 2019-03-31 | 16.98% | +0.24 pp |
| Q4 2018 | 2018-12-31 | 17.03% | +0.67 pp |
| Q3 2018 | 2018-09-30 | 16.32% | −0.01 pp |
| Q2 2018 | 2018-06-30 | 16.62% | +0.15 pp |
| Q1 2018 | 2018-03-31 | 16.75% | −0.25 pp |
| Q4 2017 | 2017-12-31 | 16.36% | −1.83 pp |
| Q3 2017 | 2017-09-30 | 16.33% | −0.24 pp |
| Q2 2017 | 2017-06-30 | 16.47% | −0.19 pp |
| Q1 2017 | 2017-03-31 | 17.00% | +0.17 pp |
| Q4 2016 | 2016-12-31 | 18.19% | +1.88 pp |
| Q3 2016 | 2016-09-30 | 16.57% | +0.37 pp |
| Q2 2016 | 2016-06-30 | 16.66% | +0.53 pp |
| Q1 2016 | 2016-03-31 | 16.83% | +0.26 pp |
| Q4 2015 | 2015-12-31 | 16.31% | +0.18 pp |
| Q3 2015 | 2015-09-30 | 16.20% | +0.67 pp |
| Q2 2015 | 2015-06-30 | 16.13% | +0.13 pp |
| Q1 2015 | 2015-03-31 | 16.57% | +0.54 pp |
| Q4 2014 | 2014-12-31 | 16.13% | −0.39 pp |
| Q3 2014 | 2014-09-30 | 15.53% | −0.47 pp |
| Q2 2014 | 2014-06-30 | 16.00% | −0.25 pp |
| Q1 2014 | 2014-03-31 | 16.03% | −0.64 pp |
| Q4 2013 | 2013-12-31 | 16.52% | +0.17 pp |
| Q3 2013 | 2013-09-30 | 16.00% | −0.49 pp |
| Q2 2013 | 2013-06-30 | 16.25% | −0.27 pp |
| Q1 2013 | 2013-03-31 | 16.67% | +0.09 pp |
| Q4 2012 | 2012-12-31 | 16.36% | −0.27 pp |
| Q3 2012 | 2012-09-30 | 16.49% | +0.22 pp |
| Q2 2012 | 2012-06-30 | 16.52% | −0.10 pp |
| Q1 2012 | 2012-03-31 | 16.58% | +0.13 pp |
| Q4 2011 | 2011-12-31 | 16.63% | +1.11 pp |
| Q3 2011 | 2011-09-30 | 16.27% | +0.08 pp |
| Q2 2011 | 2011-06-30 | 16.62% | — |
| Q1 2011 | 2011-03-31 | 16.45% | — |
| Q3 2010 | 2010-09-30 | 15.52% | — |
| Q2 2010 | 2010-06-30 | 16.19% | — |
Cdw gross margin trends
Over the last five reported fiscal years, Cdw's gross margin increased from 17.38% to 21.73%, a change of +4.35 percentage points. The latest reported quarter, Q2 2026, shows 20.08%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Cdw filings at SEC.gov ↗