Cdw (CDW) Gross Margin (2010 - 2026)
Cdw's (CDW) quarterly Gross Margin came in at 20.95% in Q1 2026, down 63.0% YoY from 56.63% in Q1 2025, and down 7.95% on a QoQ basis from 22.76% in Q4 2025.
Cdw (CDW) Gross Margin (2010 - 2026) Analysis & Trends
Cdw (CDW) has 17 years of Gross Margin data on file, last reported at 20.95% in Q1 2026.
- Quarterly Gross Margin fell 63.0% year-over-year to 20.95% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.57% (down 29.0% YoY) and the FY2025 annual result came in at 21.73%, down 18.0% from the prior year.
- Gross Margin eased to 20.95% in Q1 2026, from 22.76% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 22.99% in Q4 2023 to a low of 18.56% in Q1 2022.
- A 5-year average of 21.29% and a median of 21.72% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 410 bps — and 2025, when it tumbled 105 bps.
- Tracing CDW's Gross Margin over 5 years: stood at 21.72% in 2022, then grew by 6 bps to 22.99% in 2023, then declined by 3 bps to 22.28% in 2024, then increased by 2 bps to 22.76% in 2025, then dropped by 8 bps to 20.95% in 2026.
- The last three Gross Margin figures came in at 20.95% (Q1 2026), 22.76% (Q4 2025), and 21.88% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 219.38 Bn | 208.02 Bn | 9.91 Bn | 57.73% |
| 2 | Accenture | 111.06 Bn | 100.89 Bn | 6.13 Bn | 32.77% |
| 3 | Infosys | 47.96 Bn | 47.96 Bn | 1.60 Bn | 31.48% |
| 4 | Cgi | 32.80 Bn | 32.34 Bn | - | - |
| 5 | Cognizant Technology Solutions | 28.32 Bn | 27.27 Bn | 1.83 Bn | 33.37% |
| 6 | Fidelity National Information Services | 20.92 Bn | 20.17 Bn | 1.17 Bn | 34.76% |
| 7 | Broadridge Financial Solutions | 20.67 Bn | 20.27 Bn | 853.00 Mn | 38.43% |
| 8 | Wipro | 19.82 Bn | 18.75 Bn | 738.00 Mn | 28.54% |
| 9 | Leidos Holdings | 17.78 Bn | 17.03 Bn | 817.00 Mn | 17.92% |
| 10 | Cdw | 16.95 Bn | 16.59 Bn | 1.32 Bn | 20.08% |
Historic Data
Download 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% |