Cdw annual operating margin
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2025
Cdw Operating Margin Growth & History (CDW)
Cdw's operating margin was 7.38% for fiscal 2025.
View full Cdw company overviewCdw annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 7.38% | −0.48 pp |
| 2024 | 2024-12-31 | 7.86% | +0.00 pp |
| 2023 | 2023-12-31 | 7.86% | +0.56 pp |
| 2022 | 2022-12-31 | 7.31% | +0.49 pp |
| 2021 | 2021-12-31 | 6.82% | +0.43 pp |
| 2020 | 2020-12-31 | 6.39% | +0.10 pp |
| 2019 | 2019-12-31 | 6.29% | +0.21 pp |
| 2018 | 2018-12-31 | 6.08% | +0.24 pp |
| 2017 | 2017-12-31 | 5.84% | −0.16 pp |
| 2016 | 2016-12-31 | 6.00% | +0.28 pp |
| 2015 | 2015-12-31 | 5.71% | +0.14 pp |
| 2014 | 2014-12-31 | 5.57% | +0.85 pp |
| 2013 | 2013-12-31 | 4.72% | −0.32 pp |
| 2012 | 2012-12-31 | 5.04% | +0.14 pp |
| 2011 | 2011-12-31 | 4.90% | +0.89 pp |
| 2010 | 2010-12-31 | 4.01% | +4.45 pp |
| 2009 | 2009-12-31 | −0.45% | — |
Cdw quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 6.52% | −0.51 pp |
| Q1 2026 | 2026-03-31 | 6.62% | −0.33 pp |
| Q4 2025 | 2025-12-31 | 7.82% | −0.06 pp |
| Q3 2025 | 2025-09-30 | 7.73% | −1.00 pp |
| Q2 2025 | 2025-06-30 | 7.03% | −0.96 pp |
| Q1 2025 | 2025-03-31 | 6.95% | +0.22 pp |
| Q4 2024 | 2024-12-31 | 7.88% | −0.79 pp |
| Q3 2024 | 2024-09-30 | 8.73% | +0.23 pp |
| Q2 2024 | 2024-06-30 | 7.99% | +0.66 pp |
| Q1 2024 | 2024-03-31 | 6.73% | −0.23 pp |
| Q4 2023 | 2023-12-31 | 8.67% | +0.46 pp |
| Q3 2023 | 2023-09-30 | 8.50% | +1.00 pp |
| Q2 2023 | 2023-06-30 | 7.33% | +0.24 pp |
| Q1 2023 | 2023-03-31 | 6.96% | +0.46 pp |
| Q4 2022 | 2022-12-31 | 8.21% | +2.08 pp |
| Q3 2022 | 2022-09-30 | 7.50% | +0.21 pp |
| Q2 2022 | 2022-06-30 | 7.08% | −0.10 pp |
| Q1 2022 | 2022-03-31 | 6.50% | −0.18 pp |
| Q4 2021 | 2021-12-31 | 6.13% | −0.57 pp |
| Q3 2021 | 2021-09-30 | 7.29% | +0.61 pp |
| Q2 2021 | 2021-06-30 | 7.19% | +0.70 pp |
| Q1 2021 | 2021-03-31 | 6.69% | +1.09 pp |
| Q4 2020 | 2020-12-31 | 6.70% | +0.45 pp |
| Q3 2020 | 2020-09-30 | 6.68% | +0.15 pp |
| Q2 2020 | 2020-06-30 | 6.49% | +0.01 pp |
| Q1 2020 | 2020-03-31 | 5.60% | −0.18 pp |
| Q4 2019 | 2019-12-31 | 6.26% | +0.29 pp |
| Q3 2019 | 2019-09-30 | 6.53% | +0.25 pp |
| Q2 2019 | 2019-06-30 | 6.49% | +0.14 pp |
| Q1 2019 | 2019-03-31 | 5.78% | +0.12 pp |
| Q4 2018 | 2018-12-31 | 5.96% | +0.07 pp |
| Q3 2018 | 2018-09-30 | 6.28% | +0.08 pp |
| Q2 2018 | 2018-06-30 | 6.34% | +0.41 pp |
| Q1 2018 | 2018-03-31 | 5.66% | +0.42 pp |
| Q4 2017 | 2017-12-31 | 5.89% | −0.33 pp |
| Q3 2017 | 2017-09-30 | 6.20% | −0.20 pp |
| Q2 2017 | 2017-06-30 | 5.93% | −0.17 pp |
| Q1 2017 | 2017-03-31 | 5.24% | +0.08 pp |
| Q4 2016 | 2016-12-31 | 6.22% | +0.96 pp |
| Q3 2016 | 2016-09-30 | 6.40% | +0.56 pp |
| Q2 2016 | 2016-06-30 | 6.10% | −0.11 pp |
| Q1 2016 | 2016-03-31 | 5.17% | −0.34 pp |
| Q4 2015 | 2015-12-31 | 5.26% | −0.12 pp |
| Q3 2015 | 2015-09-30 | 5.84% | +0.19 pp |
| Q2 2015 | 2015-06-30 | 6.21% | +0.15 pp |
| Q1 2015 | 2015-03-31 | 5.50% | +0.38 pp |
| Q4 2014 | 2014-12-31 | 5.39% | +0.15 pp |
| Q3 2014 | 2014-09-30 | 5.66% | +2.41 pp |
| Q2 2014 | 2014-06-30 | 6.06% | +0.53 pp |
| Q1 2014 | 2014-03-31 | 5.12% | +0.14 pp |
| Q4 2013 | 2013-12-31 | 5.23% | +0.20 pp |
| Q3 2013 | 2013-09-30 | 3.24% | −2.08 pp |
| Q2 2013 | 2013-06-30 | 5.53% | +0.25 pp |
| Q1 2013 | 2013-03-31 | 4.98% | +0.51 pp |
| Q4 2012 | 2012-12-31 | 5.03% | +0.55 pp |
| Q3 2012 | 2012-09-30 | 5.33% | −0.09 pp |
| Q2 2012 | 2012-06-30 | 5.28% | −0.04 pp |
| Q1 2012 | 2012-03-31 | 4.47% | +0.16 pp |
| Q4 2011 | 2011-12-31 | 4.48% | +0.08 pp |
| Q3 2011 | 2011-09-30 | 5.41% | +1.11 pp |
| Q2 2011 | 2011-06-30 | 5.31% | — |
| Q1 2011 | 2011-03-31 | 4.31% | — |
| Q3 2010 | 2010-09-30 | 4.41% | — |
| Q2 2010 | 2010-06-30 | 4.30% | — |
Cdw operating margin trends
Over the last five reported fiscal years, Cdw's operating margin increased from 6.39% to 7.38%, a change of +1.00 percentage points. The latest reported quarter, Q2 2026, shows 6.52%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗