CDW reported net sales of $5,511.0 million for the quarter ended December 31, 2025, up 6.3 percent from $5,186.0 million a year earlier. Gross profit rose 8.6 percent to $1,254.4 million, driven by higher software, notebook and services revenues, lifting the gross profit margin to 22.8 percent from 22.3 percent. Operating income increased 5.4 percent to $430.7 million, with non-GAAP operating income of $502.4 million. Net income was $279.5 million, up 5.8 percent, translating to $2.14 per diluted share, an 8.8 percent gain over the prior year’s $1.97 per share. Average daily sales grew 4.6 percent to $87.5 million on 63 selling days compared with 62 days in Q4 2024.

For the year ended December 31, 2025, CDW achieved net sales of $22,424.1 million, a 6.8 percent increase from $20,998.7 million in 2024. Gross profit climbed 5.9 percent to $4,873.4 million, with a margin of 21.7 percent. Operating income was essentially flat at $1,655.6 million, while non-GAAP operating income rose 2.6 percent to $1,996.7 million. Net income totaled $1,066.6 million, a 1.0 percent decline, but non-GAAP net income increased 2.8 percent to $1,323.0 million. Full-year diluted EPS on a non-GAAP basis was $10.02, a 5.2 percent improvement over 2024.

In Q4 2025 the Corporate business generated $2,370 million in net sales, a slight 0.6 percent decline, while Small Business grew 18.4 percent to $457 million. Public sector sales rose 7.0 percent to $2,016 million, led by education (+12.9 percent), healthcare (+4.6 percent) and government (+4.3 percent). Combined UK and Canadian operations delivered $669 million in Q4, up 8.4 percent. For the full year, Small Business net sales increased 13.3 percent to $1,727 million, Public segment was up 4.6 percent to $8,535 million, and Other (UK/Canada) grew 9.7 percent to $2,720 million.

CDW’s board approved a quarterly cash dividend of $0.630 per share, to be paid March 10, 2026, reflecting approximately $982 million returned to shareholders through dividends and share repurchases in 2025. CFO Albert J. Miralles highlighted strong cash flow from disciplined working capital management and M&A flexibility. CEO Christine A. Leahy reiterated the company’s goal to outpace US IT addressable market growth by 200–300 basis points in 2026, leveraging a diversified customer base of over 250,000 and partnerships with more than 1,000 technology brands.