CDW reported FY 2025 net sales of USD 22.42 billion (up 6.8%), with gross profit of USD 4.87 billion (up 5.9%) and a gross margin of 21.7%. Operating income was USD 1.66 billion (up 0.3%), while net income was USD 1.07 billion (down 1.0%) and diluted EPS was USD 8.08; non-GAAP net income was USD 1.32 billion and non-GAAP diluted EPS was USD 10.02. Net cash provided by operating activities was USD 1.21 billion and adjusted free cash flow was USD 1.09 billion; net debt was USD 5.01 billion as of Dec. 31, 2025. CDW said FY 2025 sales growth was driven primarily by higher demand in notebooks/mobile devices, software, desktops, services and netcomm products, while gross margin declined by 20 basis points due mainly to decreased rates in certain hardware categories. The company also announced a customer-facing organizational realignment effective Jan. 1, 2026, shifting reporting segments to Commercial, Government and Education beginning with the period ending March 31, 2026, and disclosed it entered a new credit agreement in December 2025 featuring a USD 2.25 billion five-year revolving facility and a USD 634.5 million five-year term loan facility. CDW repurchased 4.0 million shares for USD 653 million during 2025 and paid USD 2.505 per share in dividends in 2025.

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