Adjusted fourth-quarter earnings were $62.566 million, or $1.37 per share, reflecting a favorable profit mix even as gross margins remained steady.

At year-end 2025, CDW held $618.7 million in cash and equivalents and carried long-term debt of $5.63 billion, with operating cash flow of $1.2 billion and free cash flow of $1.1 billion for the year.

CDW positions itself as a multi-brand IT solutions provider and a bridge between technology manufacturers and end users since 1984.

Shares rose about 7% in pre-market trading after the results, with the stock down roughly 39% over the past year versus a broader industry decline.

Analysts expect roughly 1.6% revenue growth over the next 12 months, indicating a modest near-term outlook despite the quarterly beat.

CDW declared a quarterly dividend of $0.63 per share, payable March 10, 2026 to shareholders of record as of February 25, 2026.

CDW posted a solid fourth quarter with GAAP earnings of $279.5 million, or $2.14 per share, up from $264.2 million and $1.97 per share a year ago, as revenue rose 4.6% to $1.122 billion.

CDW reaffirmed its long-term goal to deliver 200–300 basis points above the growth of the U.S. IT addressable market in 2026, supported by hardware, software, services, and AI-related guidance.

For fiscal 2025, CDW’s net sales grew 6.8% to about $22.4 billion, signaling solid performance across segments.

Trailing-12-month revenue sits around $22.42 billion, with a five-year CAGR near 4% and two-year growth at 2.4%, suggesting slower demand ahead.

Segment results showed Corporate at $2.37 billion (-0.6% YoY), Small Business at $457 million (+18.4%), Public at $2.02 billion (+7%), and Other (Canada/UK) at $669 million (+8.4%), highlighting mixed momentum across segments.

Operating margin was 7.8%, in line with the prior year, while free cash flow margin rose to 7.2% from 6.1%.