Cdw annual net debt
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Cdw Net Debt Growth & History (CDW)
Cdw's net debt was $5.23B for fiscal 2025.
View full Cdw company overviewCdw annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $5.23B | −$326.1M | −5.87% |
| 2024 | 2024-12-31 | $5.55B | $270.8M | +5.13% |
| 2023 | 2023-12-31 | $5.28B | −$568.3M | −9.71% |
| 2022 | 2022-12-31 | $5.85B | −$1.01B | −14.74% |
| 2021 | 2021-12-31 | $6.86B | $4.12B | +150.56% |
| 2020 | 2020-12-31 | $2.74B | −$606.3M | −18.13% |
| 2019 | 2019-12-31 | $3.35B | $324.4M | +10.74% |
| 2018 | 2018-12-31 | $3.02B | −$91.0M | −2.92% |
| 2017 | 2017-12-31 | $3.11B | $107.6M | +3.58% |
| 2016 | 2016-12-31 | $3.00B | −$244.8M | −7.53% |
| 2015 | 2015-12-31 | $3.25B | $401.0M | +14.08% |
| 2014 | 2014-12-31 | $2.85B | −$215.2M | −7.03% |
| 2013 | 2013-12-31 | $3.06B | −$670.0M | −17.95% |
| 2012 | 2012-12-31 | $3.73B | −$233.0M | −5.87% |
| 2011 | 2011-12-31 | $3.97B | −$154.7M | −3.75% |
| 2010 | 2010-12-31 | $4.12B | — | — |
Cdw quarterly net debt
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| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $5.60B | $314.5M | +5.95% |
| Q1 2026 | 2026-03-31 | $5.21B | −$310.1M | −5.62% |
| Q4 2025 | 2025-12-31 | $5.23B | −$326.1M | −5.87% |
| Q3 2025 | 2025-09-30 | $5.30B | $62.0M | +1.18% |
| Q2 2025 | 2025-06-30 | $5.29B | $163.3M | +3.19% |
| Q1 2025 | 2025-03-31 | $5.52B | $526.2M | +10.53% |
| Q4 2024 | 2024-12-31 | $5.55B | $270.8M | +5.13% |
| Q3 2024 | 2024-09-30 | $5.24B | −$186.9M | −3.44% |
| Q2 2024 | 2024-06-30 | $5.12B | −$608.2M | −10.61% |
| Q1 2024 | 2024-03-31 | $5.00B | −$691.2M | −12.15% |
| Q4 2023 | 2023-12-31 | $5.28B | −$568.3M | −9.71% |
| Q3 2023 | 2023-09-30 | $5.43B | −$523.6M | −8.80% |
| Q2 2023 | 2023-06-30 | $5.73B | −$491.7M | −7.90% |
| Q1 2023 | 2023-03-31 | $5.69B | −$715.2M | −11.17% |
| Q4 2022 | 2022-12-31 | $5.85B | −$1.01B | −14.74% |
| Q3 2022 | 2022-09-30 | $5.95B | $1.97B | +49.56% |
| Q2 2022 | 2022-06-30 | $6.22B | $2.64B | +73.42% |
| Q1 2022 | 2022-03-31 | $6.40B | $3.19B | +99.01% |
| Q4 2021 | 2021-12-31 | $6.86B | $4.12B | +150.56% |
| Q3 2021 | 2021-09-30 | $3.98B | $1.15B | +40.51% |
| Q2 2021 | 2021-06-30 | $3.59B | $510.2M | +16.57% |
| Q1 2021 | 2021-03-31 | $3.22B | −$169.8M | −5.01% |
| Q4 2020 | 2020-12-31 | $2.74B | −$606.3M | −18.13% |
| Q3 2020 | 2020-09-30 | $2.83B | −$396.9M | −12.29% |
| Q2 2020 | 2020-06-30 | $3.08B | −$164.1M | −5.06% |
| Q1 2020 | 2020-03-31 | $3.39B | $218.5M | +6.90% |
| Q4 2019 | 2019-12-31 | $3.35B | $324.4M | +10.74% |
| Q3 2019 | 2019-09-30 | $3.23B | $265.5M | +8.96% |
| Q2 2019 | 2019-06-30 | $3.24B | $103.6M | +3.30% |
| Q1 2019 | 2019-03-31 | $3.17B | $154.0M | +5.11% |
| Q4 2018 | 2018-12-31 | $3.02B | −$91.0M | −2.92% |
| Q3 2018 | 2018-09-30 | $2.96B | −$367.7M | −11.04% |
| Q2 2018 | 2018-06-30 | $3.14B | −$77.7M | −2.42% |
| Q1 2018 | 2018-03-31 | $3.01B | −$14.3M | −0.47% |
| Q4 2017 | 2017-12-31 | $3.11B | $107.6M | +3.58% |
| Q3 2017 | 2017-09-30 | $3.33B | $208.9M | +6.69% |
| Q2 2017 | 2017-06-30 | $3.22B | $106.2M | +3.41% |
| Q1 2017 | 2017-03-31 | $3.03B | $25.1M | +0.84% |
| Q4 2016 | 2016-12-31 | $3.00B | −$244.8M | −7.53% |
| Q3 2016 | 2016-09-30 | $3.12B | −$47.2M | −1.49% |
| Q2 2016 | 2016-06-30 | $3.11B | $277.2M | +9.78% |
| Q1 2016 | 2016-03-31 | $3.00B | $244.9M | +8.88% |
| Q4 2015 | 2015-12-31 | $3.25B | $401.0M | +14.08% |
| Q3 2015 | 2015-09-30 | $3.17B | $366.4M | +13.07% |
| Q2 2015 | 2015-06-30 | $2.83B | −$64.5M | −2.23% |
| Q1 2015 | 2015-03-31 | $2.76B | — | — |
| Q4 2014 | 2014-12-31 | $2.85B | −$215.2M | −7.03% |
| Q3 2014 | 2014-09-30 | $2.80B | — | — |
| Q2 2014 | 2014-06-30 | $2.90B | −$646.7M | −18.24% |
| Q4 2013 | 2013-12-31 | $3.06B | −$670.0M | −17.95% |
| Q2 2013 | 2013-06-30 | $3.55B | −$167.6M | −4.51% |
| Q1 2013 | 2013-03-31 | $3.49B | −$342.4M | −8.93% |
| Q4 2012 | 2012-12-31 | $3.73B | −$233.0M | −5.87% |
| Q3 2012 | 2012-09-30 | $3.68B | −$366.9M | −9.07% |
| Q2 2012 | 2012-06-30 | $3.71B | −$468.7M | −11.21% |
| Q1 2012 | 2012-03-31 | $3.84B | — | — |
| Q4 2011 | 2011-12-31 | $3.97B | −$154.7M | −3.75% |
| Q3 2011 | 2011-09-30 | $4.05B | — | — |
| Q2 2011 | 2011-06-30 | $4.18B | — | — |
| Q4 2010 | 2010-12-31 | $4.12B | — | — |
Cdw net debt trends
Over the last five fiscal years, Cdw's net debt increased from $2.74B to $5.23B, a change of $2.49B. The latest reported quarter, Q2 2026, shows $5.60B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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