XML 38 R25.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Information about the Company’s segments for both the three and six months ended June 30, 2025 and 2024 is as follows:
CorporateSmall BusinessPublicOtherHeadquartersTotal
Three Months Ended June 30, 2025
Net sales$2,581.5 $431.3 $2,291.7 $672.1 $— $5,976.6 
Cost of sales2,009.0 336.7 1,859.6 530.1 — 4,735.4 
Gross profit572.5 94.6 432.1 142.0 — 1,241.2 
Other segment expense items(1)
329.4 46.8 244.6 99.4 100.8 821.0 
Operating income (loss)$243.1 $47.8 $187.5 $42.6 $(100.8)$420.2 
Other Segment Information(2)
Depreciation and amortization expense$24.9 $1.6 $15.9 $7.1 $23.8 $73.3 
Three Months Ended June 30, 2024
Net sales$2,195.2 $382.9 $2,243.3 $602.0 $— $5,423.4 
Cost of sales1,672.1 295.2 1,791.6 481.4 — 4,240.3 
Gross profit523.1 87.7 451.7 120.6 — 1,183.1 
Other segment expense items(1)
326.1 42.1 242.5 96.4 42.9 750.0 
Operating income (loss)$197.0 $45.6 $209.2 $24.2 $(42.9)$433.1 
Other Segment Information(2)
Depreciation and amortization expense$19.3 $0.8 $14.3 $7.1 $27.9 $69.4 
Six Months Ended June 30, 2025
Net sales$4,817.5 $835.9 $4,169.8 $1,352.5 $— $11,175.7 
Cost of sales3,710.1 652.7 3,371.1 1,078.3 — 8,812.2 
Gross profit1,107.4 183.2 798.7 274.2 — 2,363.5 
Other segment expense items(1)
643.6 92.0 470.0 192.5 183.8 1,581.9 
Operating income (loss)$463.8 $91.2 $328.7 $81.7 $(183.8)$781.6 
Other Segment Information(2)
Depreciation and amortization expense$52.3 $3.0 $31.6 $13.9 $47.4 $148.2 
Six Months Ended June 30, 2024
Net sales$4,331.1 $763.8 $3,968.0 $1,233.2 $— $10,296.1 
Cost of sales3,300.5 586.3 3,171.0 991.9 — 8,049.7 
Gross profit1,030.6 177.5 797.0 241.3 — 2,246.4 
Other segment expense items(1)
655.6 85.4 461.8 191.8 90.7 1,485.3 
Operating income (loss)$375.0 $92.1 $335.2 $49.5 $(90.7)$761.1 
Other Segment Information(2)
Depreciation and amortization expense$39.1 $1.8 $27.7 $14.2 $53.9 $136.7 
(1)Primarily includes payroll and other coworker costs, advertising expense and other selling and administrative costs.
(2)Depreciation and amortization expense is primarily included within Other segment expense items.
Schedule of Disaggregation of Revenue
Geographic Areas and Revenue Mix
 Three Months Ended June 30, 2025
CorporateSmall BusinessPublicOtherTotal
Geography(1)
United States$2,560.0 $423.5 $2,289.7 $5.4 $5,278.6 
Rest of World21.5 7.8 2.0 666.7 698.0 
Total Net sales$2,581.5 $431.3 $2,291.7 $672.1 $5,976.6 
Major Product and Services
Hardware$1,839.9 $343.5 $1,781.8 $476.8 $4,442.0 
Software486.6 60.5 333.7 109.4 990.2 
Services239.3 22.7 171.8 81.4 515.2 
Other(2)
15.7 4.6 4.4 4.5 29.2 
Total Net sales$2,581.5 $431.3 $2,291.7 $672.1 $5,976.6 
Sales by Channel
Corporate$2,581.5 $— $— $— $2,581.5 
Small Business— 431.3 — — 431.3 
Government— — 656.5 — 656.5 
Education— — 906.7 — 906.7 
Healthcare— — 728.5 — 728.5 
Other— — — 672.1 672.1 
Total Net sales$2,581.5 $431.3 $2,291.7 $672.1 $5,976.6 
Timing of Revenue Recognition
Transferred at a point in time where CDW is principal$2,193.5 $378.1 $2,030.9 $560.1 $5,162.6 
Transferred at a point in time where CDW is agent204.6 36.5 124.8 42.5 408.4 
Transferred over time where CDW is principal183.4 16.7 136.0 69.5 405.6 
Total Net sales$2,581.5 $431.3 $2,291.7 $672.1 $5,976.6 
(1)Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address.
(2)Includes items such as delivery charges to customers.
Three Months Ended June 30, 2024
CorporateSmall BusinessPublicOtherTotal
Geography(1)
United States$2,182.7 $376.9 $2,242.0 $7.5 $4,809.1 
Rest of World12.5 6.0 1.3 594.5 614.3 
Total Net sales$2,195.2 $382.9 $2,243.3 $602.0 $5,423.4 
Major Product and Services
Hardware$1,532.2 $307.3 $1,796.2 $426.2 $4,061.9 
Software416.2 53.5 288.7 97.2 855.6 
Services231.2 17.7 153.6 75.9 478.4 
Other(2)
15.6 4.4 4.8 2.7 27.5 
Total Net sales$2,195.2 $382.9 $2,243.3 $602.0 $5,423.4 
Sales by Channel
Corporate$2,195.2 $— $— $— $2,195.2 
Small Business— 382.9 — — 382.9 
Government— — 639.1 — 639.1 
Education— — 1,017.4 — 1,017.4 
Healthcare— — 586.8 — 586.8 
Other— — — 602.0 602.0 
Total Net sales$2,195.2 $382.9 $2,243.3 $602.0 $5,423.4 
Timing of Revenue Recognition
Transferred at a point in time where CDW is principal$1,830.4 $337.2 $1,992.2 $512.0 $4,671.8 
Transferred at a point in time where CDW is agent193.2 34.2 134.5 30.8 392.7 
Transferred over time where CDW is principal171.6 11.5 116.6 59.2 358.9 
Total Net sales$2,195.2 $382.9 $2,243.3 $602.0 $5,423.4 
(1)Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address.
(2)Includes items such as delivery charges to customers.
Six Months Ended June 30, 2025
CorporateSmall BusinessPublicOtherTotal
Geography(1)
United States$4,771.7 $822.5 $4,164.9 $11.1 $9,770.2 
Rest of World45.8 13.4 4.9 1,341.4 1,405.5 
Total Net sales$4,817.5 $835.9 $4,169.8 $1,352.5 $11,175.7 
Major Product and Services
Hardware$3,353.8 $661.6 $3,189.0 $981.9 $8,186.3 
Software967.9 122.0 644.4 204.2 1,938.5 
Services464.6 43.4 327.6 158.9 994.5 
Other(2)
31.2 8.9 8.8 7.5 56.4 
Total Net sales$4,817.5 $835.9 $4,169.8 $1,352.5 $11,175.7 
Sales by Channel
Corporate$4,817.5 $— $— $— $4,817.5 
Small Business— 835.9 — — 835.9 
Government— — 1,194.3 — 1,194.3 
Education— — 1,559.1 — 1,559.1 
Healthcare— — 1,416.4 — 1,416.4 
Other— — — 1,352.5 1,352.5 
Total Net sales$4,817.5 $835.9 $4,169.8 $1,352.5 $11,175.7 
Timing of Revenue Recognition
Transferred at a point in time where CDW is principal$4,044.2 $732.9 $3,667.2 $1,134.7 $9,579.0 
Transferred at a point in time where CDW is agent417.4 71.5 246.1 83.6 818.6 
Transferred over time where CDW is principal355.9 31.5 256.5 134.2 778.1 
Total Net sales$4,817.5 $835.9 $4,169.8 $1,352.5 $11,175.7 
(1)Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address.
(2)Includes items such as delivery charges to customers.
Six Months Ended June 30, 2024
CorporateSmall BusinessPublicOtherTotal
Geography(1)
United States$4,298.6 $752.9 $3,964.8 $13.4 $9,029.7 
Rest of World32.5 10.9 3.2 1,219.8 1,266.4 
Total Net sales$4,331.1 $763.8 $3,968.0 $1,233.2 $10,296.1 
Major Product and Services
Hardware$2,997.8 $607.3 $3,112.6 $890.3 $7,608.0 
Software853.7 113.4 565.6 197.3 1,730.0 
Services449.2 34.3 280.6 140.1 904.2 
Other(2)
30.4 8.8 9.2 5.5 53.9 
Total Net sales$4,331.1 $763.8 $3,968.0 $1,233.2 $10,296.1 
Sales by Channel
Corporate$4,331.1 $— $— $— $4,331.1 
Small Business— 763.8 — — 763.8 
Government— — 1,182.4 — 1,182.4 
Education— — 1,614.2 — 1,614.2 
Healthcare— — 1,171.4 — 1,171.4 
Other— — — 1,233.2 1,233.2 
Total Net sales$4,331.1 $763.8 $3,968.0 $1,233.2 $10,296.1 
Timing of Revenue Recognition
Transferred at a point in time where CDW is principal$3,609.7 $668.9 $3,507.9 $1,054.1 $8,840.6 
Transferred at a point in time where CDW is agent388.0 73.3 242.7 62.0 766.0 
Transferred over time where CDW is principal333.4 21.6 217.4 117.1 689.5 
Total Net sales$4,331.1 $763.8 $3,968.0 $1,233.2 $10,296.1 
(1)Net sales by geography is generally based on the ship-to address with the exception of certain services that may be performed at, or on behalf of, multiple locations. Such service arrangements are categorized based on the bill-to address.
(2)Includes items such as delivery charges to customers.
The following tables present Net sales by major category for the three and six months ended June 30, 2025 and 2024. Categories are based upon internal classifications.
Three Months Ended June 30,
2025
2024
Net SalesPercentage
of Total Net
Sales		Net SalesPercentage
of Total Net
Sales
Hardware:
Notebooks/Mobile Devices$1,577.1 26.4 %$1,438.2 26.5 %
Netcomm Products740.0 12.4 639.6 11.8 
Collaboration466.9 7.8 489.3 9.0 
Data Storage and Servers641.2 10.7 546.6 10.1 
Desktops363.0 6.1 295.5 5.4 
Other Hardware653.8 10.9 652.7 12.1 
Total Hardware4,442.0 74.3 4,061.9 74.9 
Software(1)
990.2 16.6 855.6 15.8 
Services(1)
515.2 8.6 478.4 8.8 
Other(2)
29.2 0.5 27.5 0.5 
Total Net sales$5,976.6 100.0 %$5,423.4 100.0 %
Six Months Ended June 30,
2025
2024
Net SalesPercentage
of Total Net
Sales		Net SalesPercentage
of Total Net
Sales
Hardware:
Notebooks/Mobile Devices$2,924.8 26.2 %$2,579.5 25.1 %
Netcomm Products1,287.5 11.5 1,209.5 11.7 
Collaboration869.7 7.8 904.6 8.8 
Data Storage and Servers1,161.8 10.4 1,087.2 10.6 
Desktops710.1 6.4 553.9 5.4 
Other Hardware1,232.4 11.0 1,273.3 12.3 
Total Hardware8,186.3 73.3 7,608.0 73.9 
Software(1)
1,938.5 17.3 1,730.0 16.8 
Services(1)
994.5 8.9 904.2 8.8 
Other(2)
56.4 0.5 53.9 0.5 
Total Net sales$11,175.7 100.0 %$10,296.1 100.0 %
(1)Certain software and services revenues are recorded on a net basis as the Company is acting as an agent in the transaction. As a result, the category percentage of net revenues is not representative of the category percentage of gross profits.
(2)Includes items such as delivery charges to customers.