CDW (CDW) revenue breakdown
By segment, Corporate is the largest at 42% of fiscal 2025 revenue; Other grew fastest, 8% a year over 9 years.
By product, Hardware is the largest at 72% of fiscal 2025 revenue; Services grew fastest, 15% a year over 9 years.
Revenue by segment
Fiscal years, as CDW reports them in its 10-K filings; fiscal 2025 total $22.4B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate | $5.7B | $6.2B | $6.8B | $7.5B | $6.8B | $8.2B | $10.4B | $9.0B | $8.8B | $9.4B | 42% |
| Public | $5.5B | $5.9B | $6.2B | $6.9B | $8.1B | $8.2B | $8.6B | $8.3B | $8.2B | $8.5B | 38% |
| Other | $1.3B | $1.5B | $1.9B | $2.2B | $2.1B | $2.6B | $2.9B | $2.6B | $2.5B | $2.7B | 12% |
| Small Business | $1.1B | $1.2B | $1.4B | $1.5B | $1.4B | $1.9B | $1.9B | $1.6B | $1.5B | $1.7B | 8% |
Revenue by product
Fiscal years, as CDW reports them in its 10-K filings; fiscal 2025 total $22.4B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Hardware | — | — | — | $14.5B | $14.8B | $16.8B | $18.1B | $15.7B | $15.2B | $16.1B | 72% |
| Software | $2.1B | $2.1B | $2.3B | $2.6B | $2.6B | $2.8B | $3.7B | $3.8B | $3.8B | $4.2B | 19% |
| Services | $564M | $603M | $696M | $841M | $914M | $1.1B | $1.8B | $1.8B | $1.9B | $2.0B | 9% |
| Other | $120M | $113M | $114M | $124M | $139M | $123M | $131M | $113M | $108M | $115M | 1% |
| Notebooks/Mobile Devices | $2.9B | $3.5B | $3.8B | — | — | — | — | — | — | — | — |
| Other Hardware | $2.9B | $3.1B | $3.6B | — | — | — | — | — | — | — | — |
| Netcomm Products | $2.0B | $2.0B | $2.1B | — | — | — | — | — | — | — | — |
| Desktops | $1.1B | $1.2B | $1.3B | — | — | — | — | — | — | — | — |
| Video | $963M | $1.1B | $1.2B | — | — | — | — | — | — | — | — |
| Enterprise and Data Storage (Including Drives) | $1.1B | $1.1B | $1.1B | — | — | — | — | — | — | — | — |
Revenue by region
Fiscal years, as CDW reports them in its 10-K filings; fiscal 2025 total $22.4B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $12.2B | $13.3B | $14.4B | $15.9B | $16.4B | $18.2B | $20.8B | $18.8B | $18.5B | $19.6B | 88% |
| Rest of World | $1.5B | $1.5B | $1.9B | $2.1B | $2.1B | $2.6B | $2.9B | $2.6B | $2.5B | $2.8B | 12% |
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Where does CDW make its money?
In fiscal 2025, by segment: Corporate $9.4B, Public $8.5B, Other $2.7B, Small Business $1.7B.
From CDW's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.