Cdw (CDW) Gross Margin (2010 - 2026)
Cdw's (CDW) quarterly Gross Margin came in at 20.08% in Q2 2026, down 69.0% on a YoY basis from 64.78% in Q2 2025, and down 4.15% quarter-over-quarter from 20.95% in Q1 2026.
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Cdw (CDW) Gross Margin (2010 - 2026) Analysis & Trends
Cdw (CDW) has reported Gross Margin for 17 consecutive years, with 20.08% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 69.0% year-over-year to 20.08%; the trailing twelve-month figure through Jun 2026 stood at 21.36% (down 21.0% YoY), and the FY2025 full-year result was 21.73%, down 18.0% from the prior year.
- Gross Margin slipped to 20.08% in Q2 2026 per CDW's latest filing, from 20.95% in the prior quarter.
- Across five years, Gross Margin topped out at 22.99% in Q4 2023 and bottomed at 18.56% in Q1 2022.
- Historically, Gross Margin has averaged 21.22% across 5 years, with a median of 21.65% in 2022.
- The sharpest annual moves came in 2022 and 2025: Gross Margin surged 410 bps in 2022, then plunged 105 bps in 2025.
- Over 5 years, Gross Margin stood at 21.72% in 2022, then rose by 6 bps to 22.99% in 2023, then retreated by 3 bps to 22.28% in 2024, then rose by 2 bps to 22.76% in 2025, then declined by 12 bps to 20.08% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 20.08%, 20.95%, and 22.76% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Td Synnex | 20.62 Bn | 19.52 Bn | 1.34 Bn | 6.84% |
| 2 | Cdw | 18.20 Bn | 17.84 Bn | 1.32 Bn | 20.08% |
| 3 | Arrow Electronics | 11.03 Bn | 10.78 Bn | 1.13 Bn | 11.26% |
| 4 | Avnet | 7.54 Bn | 7.39 Bn | 865.03 Mn | 10.43% |
| 5 | Ingram Micro Holding | 6.10 Bn | 5.30 Bn | 958.68 Mn | 6.60% |
| 6 | Insight Enterprises | 4.69 Bn | 4.33 Bn | 521.60 Mn | 21.74% |
| 7 | Eplus | 2.29 Bn | 1.84 Bn | 151.33 Mn | 23.31% |
| 8 | Pc Connection | 2.09 Bn | 1.75 Bn | 157.47 Mn | 18.44% |
| 9 | Scansource | 1.22 Bn | 1.13 Bn | 119.85 Mn | 12.57% |
| 10 | Climb Global Solutions | 500.94 Mn | 444.38 Mn | 30.16 Mn | 17.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.08% |
| Mar 31, 2026 | 20.95% |
| Dec 31, 2025 | 22.76% |
| Sep 30, 2025 | 21.88% |
| Jun 30, 2025 | 20.77% |
| Mar 31, 2025 | 21.59% |
| Dec 31, 2024 | 22.28% |
| Sep 30, 2024 | 21.77% |
| Jun 30, 2024 | 21.81% |
| Mar 31, 2024 | 21.82% |
| Dec 31, 2023 | 22.99% |
| Sep 30, 2023 | 21.81% |
| Jun 30, 2023 | 21.00% |
| Mar 31, 2023 | 21.35% |
| Dec 31, 2022 | 21.72% |
| Sep 30, 2022 | 19.84% |
| Jun 30, 2022 | 19.01% |
| Mar 31, 2022 | 18.56% |
| Dec 31, 2021 | 17.62% |
| Sep 30, 2021 | 17.26% |