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    CDW Corp (CDW)

    Official site

    TECHNOLOGY • INFORMATION TECHNOLOGY SERVICES • NASDAQ

    $154.33
    +4.23 (+2.82%)

    Market Cap: $18.77B

    Last updated: Oct 16, 2026 at 1:54 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    90%(35/39)
    Avg Surprise
    +5.46%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$2.96
    Range$2.88 - $3.20
    10 analysts
    EPS RevisionsNo revisions (7d)No revisions (30d)
    EPS Estimate DriftChange to current
    90d ago$2.87+3.3%
    60d ago$2.90+2.0%
    30d ago$2.93+0.9%
    7d ago$2.95+0.2%
    Current$2.96
    Revenue Consensus
    $6.2B
    Range$6.0B - $6.2B
    8 analysts
    Period ending Dec 31, 2026
    EPS Consensus$2.91
    Range$2.82 - $3.15
    10 analysts
    Revenue Consensus
    $6.4B
    Range$6.1B - $6.8B
    9 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$2.91---
    Sep 26EST
    		-$2.96---
    Jun 26
    Reported Aug 5
    		$2.73$2.66+2.63%Beat+5.0%
    Mar 26
    Reported May 6
    		$2.28$2.29-0.44%Miss+6.0%
    Dec 25
    Reported Feb 4
    		$2.57$2.44+5.33%Beat+3.6%
    Sep 25
    Reported Nov 4
    		$2.71$2.62+3.44%Beat+3.0%
    Jun 25
    Reported Aug 6
    		$2.60$2.49+4.42%Beat+4.0%
    Mar 25
    Reported May 7
    		$2.15$1.96+9.69%Beat+12.0%
    Dec 24
    Reported Feb 5
    		$2.48$2.32+6.90%Beat-3.5%
    Sep 24
    Reported Oct 30
    		$2.63$2.85-7.72%Miss-3.3%
    Jun 24
    Reported Jul 31
    		$2.50$2.53-1.19%Miss-2.3%
    Mar 24
    Reported May 1
    		$1.92$2.15-10.70%Miss-5.4%
    Dec 23
    Reported Feb 7
    		$2.57$2.56+0.39%Beat+2.8%
    Sep 23
    Reported Nov 1
    		$2.72$2.59+5.02%Beat+4.6%
    Jun 23
    Reported Aug 2
    		$2.56$2.33+9.87%Beat+2.8%
    Mar 23
    Reported May 3
    		$2.03$2.03+0.00%Beat-7.7%
    Dec 22
    Reported Feb 8
    		$2.50$2.48+0.81%Beat+20.2%
    Sep 22
    Reported Nov 2
    		$2.60$2.52+3.17%Beat+22.1%
    Jun 22
    Reported Aug 3
    		$2.49$2.42+2.89%Beat+23.3%
    Mar 22
    Reported May 4
    		$2.20$2.02+8.91%Beat+26.4%
    Dec 21
    Reported Feb 9
    		$2.08$1.93+7.77%Beat+14.3%
    Sep 21
    Reported Nov 3
    		$2.13$2.05+3.90%Beat+16.4%
    Jun 21
    Reported Aug 4
    		$2.02$1.80+12.22%Beat+29.5%
    Mar 21
    Reported May 5
    		$1.74$1.53+13.73%Beat+26.1%
    Dec 20
    Reported Feb 10
    		$1.82$1.51+20.53%Beat+15.9%
    Sep 20
    Reported Nov 2
    		$1.83$1.51+21.19%Beat+7.6%
    Jun 20
    Reported Aug 5
    		$1.56$1.38+13.04%Beat-2.5%
    Mar 20
    Reported May 6
    		$1.38$1.38+0.00%Beat+11.3%
    Dec 19
    Reported Feb 6
    		$1.57$1.48+6.08%Beat+18.9%
    Sep 19
    Reported Oct 31
    		$1.70$1.58+7.59%Beat+19.7%
    Jun 19
    Reported Jul 31
    		$1.60$1.52+5.26%Beat+15.9%
    Mar 19
    Reported May 1
    		$1.24$1.11+11.71%Beat+18.1%
    Dec 18
    Reported Feb 7
    		$1.32$1.21+9.09%Beat+33.3%
    Sep 18
    Reported Oct 31
    		$1.42$1.34+5.97%Beat+31.5%
    Jun 18
    Reported Aug 2
    		$1.38$1.28+7.81%Beat+34.0%
    Mar 18
    Reported May 2
    		$1.05$0.92+14.13%Beat+40.0%
    Dec 17
    Reported Feb 7
    		$0.99$0.99+0.00%Beat+15.1%
    Sep 17
    Reported Nov 1
    		$1.08$1.07+0.93%Beat-
    Jun 17
    Reported Aug 3
    		$1.03$1.02+0.98%Beat-
    Mar 17
    Reported May 3
    		$0.75$0.75+0.00%Beat-
    Dec 16
    Reported Feb 7
    		$0.86$0.80+7.50%Beat-

    Dividends

    Dividend Metrics

    Forward Yield1.63%
    Forward Annual Dividend$2.52
    Payout Ratio32.60%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+6.22%
    5Y CAGR+10.22%
    CDW dividend history and ex-dividend datesRun CDW in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio15.00EV/EBITDA12.75x
    Price/FCF22.79xFCF Yield4.39%
    Profitability
    Profit Margin4.60%Operating Margin7.35%
    ROE44.00%ROIC14.88%
    Financial Health
    Debt/Equity2.44xInterest CoverageN/A
    Current Ratio1.17xQuick Ratio1.05x
    Trading Statistics
    Beta0.94Avg Volume1.51M
    52-Week High$158.0552-Week Low$96.09

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$142.19
    SMA 20$140.35
    SMA 50$142.05
    SMA 200$130.98
    EMA 10$144.94
    EMA 20$142.86
    EMA 50$141.32
    EMA 200$137.39

    MACD

    Line: 1.61Signal: -0.53Hist: 2.14

    ADX

    ADX: 19.4+DI: 31.4-DI: 14.5

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down56.0
    PSAR$132.02

    Bollinger Bands

    Upper Band$155.77
    Lower Band$124.94
    %B Position2197%(Upper)
    Band Width0.95

    RSI (14-Day)

    Neutral
    64.4

    Momentum Oscillators

    Stoch %K95.5
    Stoch %D86.5
    Williams %R-1.2
    ROC (10d)13.6%
    Momentum18.50
    CCI (20d)130.8
    MFI (14d)76.0

    Volatility Measures

    ATR (14d)$5.42(3.5%)
    StdDev (20d)7.71
    Hist Vol43.5%(High)

    Volume Flow

    VWAP$152.81
    OBV4.1M
    AD Line-495.7M
    CMF (20d)-0.068

    Volume Metrics

    Avg Vol (20d)1.5M
    Vol Ratio1.1x
    VWMA (20d)$141.70

    Pivot Points

    R3$155.25
    R2$153.95
    R1$152.03
    Pivot Point$150.73
    S1$148.80
    S2$147.50
    S3$145.57

    Advanced Oscillators

    TSI6.92
    Ultimate Osc63.0
    KST-26.16

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$6.57B$5.68B$5.51B$5.74B$5.98B$5.20B$5.19B$5.52B$5.42B$4.87B$5.02B$5.63B
    Cost of Revenue$5.25B$4.49B$4.26B$4.48B$4.74B$4.08B$4.03B$4.32B$4.24B$3.81B$3.86B$4.40B
    Gross Profit$1.32B$1.19B$1.25B$1.26B$1.24B$1.12B$1.16B$1.20B$1.18B$1.06B$1.15B$1.23B
    Operating Expenses$891.20M$814.00M$823.70M$812.20M$821.00M$760.90M$746.70M$719.10M$750.00M$735.30M$718.80M$749.30M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$891.20M$814.00M$823.70M$812.20M$821.00M$760.90M$746.70M$719.10M$750.00M$735.30M$718.80M$749.30M
    Operating Income$428.60M$376.00M$430.70M$443.30M$420.20M$361.40M$408.60M$481.60M$433.10M$328.00M$435.00M$478.40M
    Interest Income$-60,200,000$-55,300,000$-58,500,000$-55,000,000$-56,800,000$-57,100,000$-56,500,000$-54,400,000$-52,300,000$-51,300,000$0$-57,400,000
    Interest Expense$55.70M$57.00M$61.60M$53.90M$55.30M$57.40M$57.10M$54.00M$53.40M$51.40M$54.30M$58.60M
    Income Before Tax$372.90M$319.00M$369.10M$389.40M$364.90M$304.00M$351.50M$427.60M$379.70M$276.60M$380.70M$419.80M
    Income Tax Expense$98.50M$83.60M$89.60M$98.40M$93.70M$79.10M$87.30M$111.20M$98.60M$60.50M$84.60M$104.30M
    Net Income$274.40M$235.40M$279.50M$291.00M$271.20M$224.90M$264.20M$316.40M$281.10M$216.10M$296.10M$315.50M
    EBITDA$508.20M$449.40M$501.70M$517.70M$495.00M$436.00M$477.50M$551.10M$501.40M$395.20M$502.10M$543.20M
    EBIT$433.10M$374.30M$427.60M$444.40M$421.70M$361.10M$408.00M$482.00M$432.00M$327.90M$434.00M$477.20M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $310.75M
    Gov Obligations / Revenue
    1.3%
    Obligations YoY
    13.3%
    Active Awards
    744
    New Awards (TTM)
    601
    Avg Remaining Term
    6.7 mo

    Top agency: Department of Transportation at 75.9% of trailing twelve month obligations across 25 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    HT001526FE048Department of DefenseDefense Health Agency$18.77MJun 18, 2026
    12314426F0017Department of AgricultureOffice of the Chief Financial Officer$13.55MDec 5, 2025
    697DCK26F00246Department of TransportationFederal Aviation Administration$10.35MMar 3, 2026
    697DCK26F00882Department of TransportationFederal Aviation Administration$7.78MAug 20, 2026
    697DCK26F00501Department of TransportationFederal Aviation Administration$5.84MMay 28, 2026
    697DCK26F01009Department of TransportationFederal Aviation Administration$5.60MSep 11, 2026
    697DCK26F00260Department of TransportationFederal Aviation Administration$5.23MFeb 26, 2026
    697DCK26F00674Department of TransportationFederal Aviation Administration$4.94MJul 14, 2026
    697DCK26F00497Department of TransportationFederal Aviation Administration$4.77MJun 1, 2026
    697DCK26F00774Department of TransportationFederal Aviation Administration$4.55MJul 30, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Sep 30, 2026.

    News

    Seven analysts give Insight Enterprises stock a USD 147.50 target

    Seven analysts have set an average target price of $147.50 for Insight Enterprises (NSIT) stock. While this target is below the current Nasdaq price...

    ad-hoc-news.de•10/15/26•Neutral

    Citi lifts target for CDW Corp. stock from USD 145 to USD 150

    Citi analyst Asiya Merchant has raised the price target for CDW Corp. (NASDAQ: CDW) stock from USD 145 to USD 150...

    ad-hoc-news.de•10/15/26•Bullish

    CDW Canada Awarded Canadian Partner Excellence Award by Dell Technologies for the Fifth Consecutive Year

    CDW Canada has been awarded the 2026 Canadian Partner of Excellence Award by Dell Technologies for the fifth consecutive year. This recognition highlights CDW Canada's success in helping customers utilize technology...

    Voice of Alexandria•10/15/26•Bullish

    CDW Corp. stock outperforms competitors on strong trading day

    Shares of CDW Corp. (CDW) rose 2.82% to $154.33 on Thursday, outperforming the broader market as the S&P 500 Index and Dow Jones Industrial Average also saw gains. The stock closed 4.20% below its 52-week high...

    MarketWatch•10/15/26•Bullish

    CDW Corporation $CDW Stock: Krilogy Financial LLC Raises Holdings

    Krilogy Financial LLC significantly increased its stake in CDW Corporation by 1,373.4% in the third quarter, bringing its total holdings to 33,328 shares valued at $4.27 million. Institutional investors now collectively...

    MarketBeat•10/15/26•Bullish

    CDW Valuation and Fair Value

    P/E
    15.0x
    Forward P/E
    15.2x
    EV/EBITDA
    12.7x
    P/FCF
    22.8x
    PEG
    1.3x
    P/B
    8.0x
    See GNG's fair value

    CDW Profitability: Margins, ROIC and FCF

    Gross margin
    21.4%
    Operating margin
    7.3%
    Net margin
    4.6%
    ROIC
    14.9%
    ROE
    44.0%
    FCF margin
    3.7%
    FCF yield
    4.4%

    CDW Competitors

    CompanyTicker
    Broadridge Financial Solutions IncBR
    Dynatrace Holdings LLCDT
    First Solar IncFSLR
    Ast Spacemobile IncASTS
    SS&C Technologies Holdings IncSSNC
    Fidelity National Information Services IncFIS
    Nutanix IncNTNX
    Unity Software IncU

    Sector: Technology

    CDW Analyst Ratings

    Consensus
    Buy
    Analysts
    10
    Strong Buy
    2
    Buy
    5
    Hold
    3
    Sell
    0
    Strong Sell
    0

    CDW Bull Case vs Bear Case

    Bull case

    • CDW beat EPS estimates in 75.0% of its last 8 reported quarters.
    • CDW grew quarterly revenue 10.0% year over year.
    • 70.0% of CDW's analyst ratings are Buy or Strong Buy.

    Bear case

    • CDW has a debt-to-equity ratio of 2.4x.

    CDW Earnings: Beat Rate and Next Report

    Beat rate
    6 of 8 quarters (75.0%)
    Average surprise
    3.0%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $2.96
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 0 down

    CDW Dividend

    Forward yield
    1.6%
    Payout ratio
    32.6%
    3Y DPS growth
    6.2%
    5Y DPS growth
    10.2%
    Pay months
    Mar, Jun, Sep, Dec
    CDW dividend history

    Frequently Asked Questions About CDW

    What is CDW's current dividend yield?

    CDW Corp (CDW) has a forward dividend yield of 1.63%.

    Does CDW pay dividends?

    Yes, CDW Corp pays dividends with a forward dividend yield of 1.63%.

    What is CDW's P/E ratio?

    CDW Corp has a price-to-earnings (P/E) ratio of 15.00.

    What is CDW's market cap?

    CDW Corp (CDW) has a market capitalization of $18.77B with a current stock price of $154.33.

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