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CDW
CDW CorporationStock · TechnologyS&P 500 0.0%
$133.83+$3.65 (+2.80%)as of market close, Jul 24, 2026
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How CDW makes money

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How does CDW make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

CDW Corporation · FY2025 · year ended 2025-12-31
Revenue$22.4BGross profit$4.9B · 22%Cost of revenue$17.6B · 78%Operating income$1.7B · 7%Operating expenses$3.2B · 14%SG&A$3.2B · 14%Pre-tax income$1.4B · 6%Other expense$228M · 1%Net income$1.1B · 5%Income tax$361M · 2%Notebooks Mobile Devices$5.6B · 25%Software Products$4.2B · 19%Netcomm Products$2.7B · 12%Other Hardware$2.5B · 11%Data Storage & Servers$2.2B · 10%Services$2.0B · 9%Collaboration$1.8B · 8%Desktops$1.3B · 6%Other Products & Services$115M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.