XML 37 R25.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Information about the Company’s segments for both the three and nine months ended September 30, 2025 and 2024 is as follows:
CorporateSmall BusinessPublicOtherHeadquartersTotal
Three Months Ended September 30, 2025
Net sales$2,255.4 $433.8 $2,349.8 $698.4 $— $5,737.4 
Cost of sales1,734.0 334.7 1,859.7 553.5 — 4,481.9 
Gross profit521.4 99.1 490.1 144.9 — 1,255.5 
Other segment expense items(1)
326.1 45.4 258.2 101.9 80.6 812.2 
Operating income (loss)$195.3 $53.7 $231.9 $43.0 $(80.6)$443.3 
Other Segment Information(2)
Depreciation and amortization expense$29.0 $2.1 $19.3 $7.3 $15.6 $73.3 
Three Months Ended September 30, 2024
Net sales$2,161.2 $379.7 $2,335.7 $640.0 $— $5,516.6 
Cost of sales1,651.0 291.5 1,858.9 514.5 — 4,315.9 
Gross profit510.2 88.2 476.8 125.5 — 1,200.7 
Other segment expense items(1)
301.2 42.6 236.6 93.0 45.7 719.1 
Operating income (loss)$209.0 $45.6 $240.2 $32.5 $(45.7)$481.6 
Other Segment Information(2)
Depreciation and amortization expense$18.8 $0.9 $14.2 $6.9 $28.3 $69.1 
Nine Months Ended September 30, 2025
Net sales$7,072.9 $1,269.7 $6,519.6 $2,050.9 $— $16,913.1 
Cost of sales5,444.1 987.4 5,230.8 1,631.8 — 13,294.1 
Gross profit1,628.8 282.3 1,288.8 419.1 — 3,619.0 
Other segment expense items(1)
969.7 137.4 728.2 294.4 264.4 2,394.1 
Operating income (loss)$659.1 $144.9 $560.6 $124.7 $(264.4)$1,224.9 
Other Segment Information(2)
Depreciation and amortization expense$81.3 $5.1 $50.9 $21.2 $63.0 $221.5 
Nine Months Ended September 30, 2024
Net sales$6,492.3 $1,143.5 $6,303.7 $1,873.2 $— $15,812.7 
Cost of sales4,951.5 877.8 5,029.9 1,506.4 — 12,365.6 
Gross profit1,540.8 265.7 1,273.8 366.8 — 3,447.1 
Other segment expense items(1)
956.8 128.0 698.4 284.8 136.4 2,204.4 
Operating income (loss)$584.0 $137.7 $575.4 $82.0 $(136.4)$1,242.7 
Other Segment Information(2)
Depreciation and amortization expense$57.9 $2.7 $41.9 $21.1 $82.2 $205.8 
(1)Primarily includes payroll and other coworker costs, advertising expense and other selling and administrative costs.
(2)Depreciation and amortization expense is primarily included within Other segment expense items.
Schedule of Disaggregation of Revenue
Geographic Areas and Revenue Mix
 Three Months Ended September 30, 2025
CorporateSmall BusinessPublicOtherTotal
Geography(1)
United States$2,243.0 $427.8 $2,346.8 $5.6 $5,023.2 
Rest of World12.4 6.0 3.0 692.8 714.2 
Total Net sales$2,255.4 $433.8 $2,349.8 $698.4 $5,737.4 
Major Product and Services
Hardware$1,521.8 $332.8 $1,714.2 $519.7 $4,088.5 
Software492.8 73.8 435.1 91.9 1,093.6 
Services224.9 22.4 195.1 83.2 525.6 
Other(2)
15.9 4.8 5.4 3.6 29.7 
Total Net sales$2,255.4 $433.8 $2,349.8 $698.4 $5,737.4 
Sales by Channel
Corporate$2,255.4 $— $— $— $2,255.4 
Small Business— 433.8 — — 433.8 
Government— — 744.7 — 744.7 
Education— — 911.2 — 911.2 
Healthcare— — 693.9 — 693.9 
Other— — — 698.4 698.4 
Total Net sales$2,255.4 $433.8 $2,349.8 $698.4 $5,737.4 
Timing of Revenue Recognition
Transferred at a point in time where CDW is principal$1,884.2 $373.6 $2,022.1 $587.6 $4,867.5 
Transferred at a point in time where CDW is agent198.9 44.6 170.9 37.9 452.3 
Transferred over time where CDW is principal172.3 15.6 156.8 72.9 417.6 
Total Net sales$2,255.4 $433.8 $2,349.8 $698.4 $5,737.4 
(1)Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address.
(2)Includes items such as delivery charges to customers.
Three Months Ended September 30, 2024
CorporateSmall BusinessPublicOtherTotal
Geography(1)
United States$2,149.4 $373.0 $2,333.8 $6.9 $4,863.1 
Rest of World11.8 6.7 1.9 633.1 653.5 
Total Net sales$2,161.2 $379.7 $2,335.7 $640.0 $5,516.6 
Major Product and Services
Hardware$1,468.6 $294.7 $1,742.8 $452.5 $3,958.6 
Software458.4 60.3 427.0 102.6 1,048.3 
Services218.9 20.4 161.0 81.6 481.9 
Other(2)
15.3 4.3 4.9 3.3 27.8 
Total Net sales$2,161.2 $379.7 $2,335.7 $640.0 $5,516.6 
Sales by Channel
Corporate$2,161.2 $— $— $— $2,161.2 
Small Business— 379.7 — — 379.7 
Government— — 691.0 — 691.0 
Education— — 995.7 — 995.7 
Healthcare— — 649.0 — 649.0 
Other— — — 640.0 640.0 
Total Net sales$2,161.2 $379.7 $2,335.7 $640.0 $5,516.6 
Timing of Revenue Recognition
Transferred at a point in time where CDW is principal$1,799.8 $328.1 $2,053.4 $539.7 $4,721.0 
Transferred at a point in time where CDW is agent197.5 37.0 160.0 33.6 428.1 
Transferred over time where CDW is principal163.9 14.6 122.3 66.7 367.5 
Total Net sales$2,161.2 $379.7 $2,335.7 $640.0 $5,516.6 
(1)Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address.
(2)Includes items such as delivery charges to customers.
Nine Months Ended September 30, 2025
CorporateSmall BusinessPublicOtherTotal
Geography(1)
United States$7,014.7 $1,250.3 $6,511.7 $16.7 $14,793.4 
Rest of World58.2 19.4 7.9 2,034.2 2,119.7 
Total Net sales$7,072.9 $1,269.7 $6,519.6 $2,050.9 $16,913.1 
Major Product and Services
Hardware$4,875.6 $994.4 $4,903.2 $1,501.6 $12,274.8 
Software1,460.7 195.8 1,079.5 296.1 3,032.1 
Services689.5 65.8 522.7 242.1 1,520.1 
Other(2)
47.1 13.7 14.2 11.1 86.1 
Total Net sales$7,072.9 $1,269.7 $6,519.6 $2,050.9 $16,913.1 
Sales by Channel
Corporate$7,072.9 $— $— $— $7,072.9 
Small Business— 1,269.7 — — 1,269.7 
Government— — 1,939.0 — 1,939.0 
Education— — 2,470.3 — 2,470.3 
Healthcare— — 2,110.3 — 2,110.3 
Other— — — 2,050.9 2,050.9 
Total Net sales$7,072.9 $1,269.7 $6,519.6 $2,050.9 $16,913.1 
Timing of Revenue Recognition
Transferred at a point in time where CDW is principal$5,928.4 $1,106.5 $5,689.3 $1,722.3 $14,446.5 
Transferred at a point in time where CDW is agent616.3 116.1 417.0 121.5 1,270.9 
Transferred over time where CDW is principal528.2 47.1 413.3 207.1 1,195.7 
Total Net sales$7,072.9 $1,269.7 $6,519.6 $2,050.9 $16,913.1 
(1)Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address.
(2)Includes items such as delivery charges to customers.
Nine Months Ended September 30, 2024
CorporateSmall BusinessPublicOtherTotal
Geography(1)
United States$6,448.0 $1,125.9 $6,298.6 $20.3 $13,892.8 
Rest of World44.3 17.6 5.1 1,852.9 1,919.9 
Total Net sales$6,492.3 $1,143.5 $6,303.7 $1,873.2 $15,812.7 
Major Product and Services
Hardware$4,466.4 $902.0 $4,855.4 $1,342.8 $11,566.6 
Software1,312.1 173.7 992.6 299.9 2,778.3 
Services668.1 54.7 441.6 221.7 1,386.1 
Other(2)
45.7 13.1 14.1 8.8 81.7 
Total Net sales$6,492.3 $1,143.5 $6,303.7 $1,873.2 $15,812.7 
Sales by Channel
Corporate$6,492.3 $— $— $— $6,492.3 
Small Business— 1,143.5 — — 1,143.5 
Government— — 1,873.4 — 1,873.4 
Education— — 2,609.9 — 2,609.9 
Healthcare— — 1,820.4 — 1,820.4 
Other— — — 1,873.2 1,873.2 
Total Net sales$6,492.3 $1,143.5 $6,303.7 $1,873.2 $15,812.7 
Timing of Revenue Recognition
Transferred at a point in time where CDW is principal$5,409.5 $997.0 $5,561.3 $1,593.8 $13,561.6 
Transferred at a point in time where CDW is agent585.5 110.3 402.7 95.6 1,194.1 
Transferred over time where CDW is principal497.3 36.2 339.7 183.8 1,057.0 
Total Net sales$6,492.3 $1,143.5 $6,303.7 $1,873.2 $15,812.7 
(1)Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address.
(2)Includes items such as delivery charges to customers.
The following tables present Net sales by major category for the three and nine months ended September 30, 2025 and 2024. Categories are based upon internal classifications.
Three Months Ended September 30,
2025
2024
Net SalesPercentage
of Total Net
Sales
Net SalesPercentage
of Total Net
Sales
Hardware:
Notebooks/Mobile Devices$1,433.2 25.0 %$1,370.4 24.8 %
Netcomm Products735.8 12.8 667.6 12.1 
Collaboration453.3 7.9 460.3 8.3 
Data Storage and Servers469.9 8.2 506.0 9.2 
Desktops343.2 6.0 291.4 5.3 
Other Hardware653.1 11.4 662.9 12.1 
Total Hardware4,088.5 71.3 3,958.6 71.8 
Software(1)
1,093.6 19.1 1,048.3 19.0 
Services(1)
525.6 9.2 481.9 8.7 
Other(2)
29.7 0.4 27.8 0.5 
Total Net sales$5,737.4 100.0 %$5,516.6 100.0 %
Nine Months Ended September 30,
2025
2024
Net SalesPercentage
of Total Net
Sales
Net SalesPercentage
of Total Net
Sales
Hardware:
Notebooks/Mobile Devices$4,358.0 25.8 %$3,949.9 25.0 %
Netcomm Products2,023.3 12.0 1,877.1 11.9 
Collaboration1,323.0 7.8 1,364.9 8.6 
Data Storage and Servers1,631.7 9.6 1,593.2 10.1 
Desktops1,053.3 6.2 845.3 5.3 
Other Hardware1,885.5 11.1 1,936.2 12.2 
Total Hardware12,274.8 72.5 11,566.6 73.1 
Software(1)
3,032.1 17.9 2,778.3 17.6 
Services(1)
1,520.1 9.0 1,386.1 8.8 
Other(2)
86.1 0.6 81.7 0.5 
Total Net sales$16,913.1 100.0 %$15,812.7 100.0 %
(1)Certain software and services revenues are recorded on a net basis as the Company is acting as an agent in the transaction. As a result, the category percentage of net revenues is not representative of the category percentage of gross profits.
(2)Includes items such as delivery charges to customers.