CDW Corp

Overview

CDW Corp. is a multi-brand information technology solutions provider serving business, government, education, and healthcare customers. Its business combines the sale of hardware and software with integrated IT solutions and services, including cloud and on-premise capabilities, infrastructure, security, implementation, and managed services.[1][2] CDW’s stated purpose is to “make technology work so people can do great things.” [3]

The company’s principal markets are the United States, the United Kingdom, and Canada, and it says it can provide integrated solutions in approximately 150 countries.[1][4] For fiscal 2025, ended December 31, CDW reported net sales of $22.4 billion and approximately 14,800 coworkers worldwide.[5][6] [1]+5

Products & services

CDW’s product portfolio includes hardware such as notebooks and mobile devices, network communications equipment, collaboration hardware, data storage and servers, and desktops. Its software offerings include cloud solutions, software assurance, application suites, security, virtualization, collaboration and productivity applications, operating systems, and network management.[2] CDW also provides advisory and design, software development, implementation, managed services, and warranties. Its service capabilities include application consulting, custom development, integration, cloud migration and legacy modernization; infrastructure design and management across on-premises, hybrid and cloud environments; and managed security, applications, cloud and infrastructure services.[2]+3

In FY2025, hardware accounted for $16.1 billion, or 71.6%, of CDW’s $22.4 billion in net sales; software contributed $4.2 billion (18.7%) and services $2.0 billion (9.1%). Hardware categories included notebooks and mobile devices ($5.6 billion; 25.1% of net sales), network communications ($2.7 billion; 12.0%), collaboration ($1.8 billion; 7.8%), data storage and servers ($2.2 billion; 9.6%), and desktops ($1.3 billion; 5.9%). Percentages are of total net sales.[5][10] [2]+5

Geographic presence

CDW’s principal operating markets are the United States, the United Kingdom and Canada. It reports CDW UK and CDW Canada as separate operating segments, grouped together as “Other” because each is below the company’s reporting threshold. Its geographic revenue convention is generally based on customer ship-to address, with some multi-location services classified by bill-to address.

For 2025, net sales were $19.621 billion in the United States and $2.803 billion in Rest of World—87.5% and 12.5% of total net sales, respectively. The filing does not provide a country-level breakdown of Rest of World. For the six months ended June 30, 2026, U.S. sales were $10.594 billion (86.5%) and Rest of World sales were $1.658 billion (13.5%). Percentages are calculated from reported amounts.

At year-end 2025, CDW owned or leased 1.8 million square feet of facilities in the United States and leased 0.4 million square feet outside the United States, primarily in the U.K. and Canada. Its disclosed U.S. properties include a distribution center in North Las Vegas, Nevada, and an office and distribution center in Vernon Hills, Illinois. The company’s location directories also list offices in Canadian cities including Toronto, Montréal and Vancouver, and U.K. locations including London, Manchester and Peterborough. [11]+8

Business segments

CDW’s three reportable segments are **Commercial**, serving primarily U.S. corporate, financial-services, and healthcare customers; **Government**, serving primarily U.S. federal, state, and local agencies, as well as certain businesses supporting or interacting with government; and **Education**, serving primary, secondary, and higher-education institutions. CDW realigned to these segments effective January 1, 2026.[18][19]

For the three months ended June 30, 2026, net sales were **$3,965.4 million for Commercial (about 60.3%)**, **$848.0 million for Government (about 12.9%)**, and **$933.1 million for Education (about 14.2%)**. **Other**, which is not a reportable segment and includes CDW UK and CDW Canada, contributed **$825.7 million (about 12.6%)**. Total net sales were $6,572.2 million; percentages are approximate shares of that total.[20] [18]+8

Company history

CDW traces its origins to 1982, when founder Michael Krasny advertised a used computer for sale; the company dates its founding to 1984. Its early growth included a first national advertisement in 1985 and its first product catalog and customer setup services in 1987.[23][24]

CDW held its first IPO and listed on NASDAQ in 1993. It expanded through the purchase of Micro Warehouse assets and the launch of CDW Canada in 2003, followed by its acquisition of Berbee Information Networks in 2006. Madison Dearborn Partners and Providence Equity Partners took CDW private in 2007.[24]

CDW returned to public markets in 2013, completing an IPO and beginning trading on NASDAQ under the ticker CDW. It acquired the remaining 65% of UK-based Kelway in 2015. In 2019, Christine A. Leahy became president and CEO, succeeding Thomas E. Richards; CDW completed its acquisition of Sirius Computer Solutions in 2021. Leahy became board chair in 2023 while continuing as CEO.[25]+4 [25]+6

Sources

• CDW Corp — Full financial report (2025 Y)
  11 citations

  [1][2][4][5][6][10][11][12][13][15][28]
• www.cdw.com[3]
• www.cdw.com[7]
• www.cdw.com[8]
• www.cdw.com[9]
• CDW Corp — Full financial report (2026 Q 2)
  4 citations

  [14][18][19][20]
• www.cdw.com[16]
• www.uk.cdw.com[17]
• investor.cdw.com[21]
• investor.cdw.com[22]
• www.cdw.com[23]
• www.cdw.com[24]
• CDW Corp — Full financial report (2013 Y)[25][26]
• CDW Corp — Full financial report (2015 Y)[27]
• CDW Corp — Full financial report (2021 Y)[29]