Corporate was Cdw’s largest revenue line in fiscal 2025, bringing in $9.44B of $22.42B (42%).
| Contract with Customer, Sales Channel | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Corporate | $10.35B | $8.96B | $8.84B | $9.44B | ||||||
| Education | $3.62B | $3.30B | $3.17B | $3.11B | ||||||
| Other | $2.91B | $2.55B | $2.48B | $2.72B | ||||||
| Government | $2.57B | $2.67B | $2.49B | $2.59B | ||||||
| Healthcare | $2.36B | $2.34B | $2.50B | $2.84B | ||||||
| Small Business | $1.94B | $1.56B | $1.52B | $1.73B | ||||||
| Total | $23.75B | $21.38B | $21.00B | $22.42B |
Cdw brought in $22.42B from its six revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 6.8% from $21.00B in fiscal 2024. Corporate was the largest at $9.44B (42.1%), ahead of Education at $3.11B (13.9%) and Healthcare at $2.84B (12.6%). The other three revenue lines brought in $7.04B combined.
Compared with fiscal 2024, Small Business grew fastest, up 13.3% to $1.73B, while Education fell the most, down 1.8% to $3.11B. From fiscal 2022 to 2025, combined revenue from these revenue lines fell from $23.75B to $22.42B, a compound annual decline of 1.9%. Corporate's share of the total fell from 43.6% to 42.1%.
Transferred At A Point In Time Where Cdw Is Principal was Cdw’s largest revenue line in fiscal 2025, bringing in $7.89B of $9.44B (84%).
| Timing of Transfer of Good or Service | FY 2016 | FY 2017 | FY 2022 | FY 2023 | FY 2025 |
|---|---|---|---|---|---|
| Transferred At A Point In Time Where Cdw Is Principal | $8.97B | $7.52B | $7.89B | ||
| Transferred At A Point In Time Where Cdw Is Agent | $2.16B | $778.00M | $840.60M | ||
| Transferred Over Time Where Cdw Is Principal | $1.95B | $667.10M | $708.50M | ||
| Total | $13.08B | $8.96B | $9.44B |
Cdw brought in $9.44B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That is less than the $22.42B it reports by contract with customer, sales channel, so these revenue lines do not cover all of its revenue. Transferred At A Point In Time Where Cdw Is Principal was the largest at $7.89B (83.6%), ahead of Transferred At A Point In Time Where Cdw Is Agent at $840.60M (8.9%) and Transferred Over Time Where Cdw Is Principal at $708.50M (7.5%).
Compared with fiscal 2023, the previous year with figures, Transferred At A Point In Time Where Cdw Is Agent grew fastest, up 8.0% to $840.60M. Every revenue line above 2% of revenue grew.
United States was Cdw’s largest segment in fiscal 2025, bringing in $9.37B of $12.07B (78%).
| Segment | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| United States | $10.32B | $8.89B | $8.78B | $9.37B | ||||||
| Rest Of World | $2.89B | $2.53B | $2.45B | $2.70B | ||||||
| Total | $13.21B | $11.42B | $11.23B | $12.07B |
Cdw brought in $12.07B from its two segments in fiscal 2025, the year ended December 31, 2025. That is less than the $22.42B it reports by contract with customer, sales channel, so these segments do not cover all of its revenue. United States was the largest at $9.37B (77.7%), ahead of Rest Of World at $2.70B (22.3%).
Compared with fiscal 2024, Rest Of World grew 9.9% to $2.70B and United States grew 6.7% to $9.37B.
Cdw (CDW) reports its revenue by contract with customer, sales channel, by timing of transfer of good or service and by segment. In fiscal 2025, Corporate was its largest revenue line, bringing in $9.44B (42.1% of the total), followed by Education at $3.11B (13.9%).
Corporate was Cdw's largest revenue line in fiscal 2025, bringing in $9.44B, or 42.1% of the $22.42B total across its six revenue lines.
United States was Cdw's largest segment in fiscal 2025, bringing in $9.37B, or 77.7% of the $12.07B total across its two segments.
Among Cdw's revenue lines that make up at least 2% of revenue, Small Business grew fastest in fiscal 2025, up 13.3% from $1.52B to $1.73B.
Every figure comes from Cdw's annual financial filings, as reported. Each line keeps the name Cdw gives it, and years follow its fiscal calendar.
Cdw's revenue by contract with customer, sales channel goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.