Filing Flows › CDW (CDW) › Gross margin
CDW (CDW) gross margin by quarter
CDW's gross margin was 20.5% in Q3 2026 (third quarter 2026), +0.4 pts from Q2 2026. Over the last 7 quarters it ranged from 20.1% (Q2 2026) to 22.8% (Q4 2025).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 20.5% | +0.4 pts | -1.4 pts |
| Q2 2026 | 20.1% | -0.9 pts | -0.7 pts |
| Q1 2026 | 21.0% | -1.8 pts | -0.6 pts |
| Q4 2025 | 22.8% | +0.9 pts | — |
| Q3 2025 | 21.9% | +1.1 pts | — |
| Q2 2025 | 20.8% | -0.8 pts | — |
| Q1 2025 | 21.6% | — | — |
Q3 2026 at a glance
CDW, Q3 2026: revenue $6.8B (+18% year over year), operating margin 7.2%, net earnings $310M, operating cash flow $399M. The chart follows the revenue to costs, profit and cash.
Questions
What is CDW's gross margin?
CDW's gross margin was 20.5% in Q3 2026 (third quarter 2026), +0.4 pts from Q2 2026.
How has CDW's gross margin changed?
Over the last 7 quarters it ranged from 20.1% (Q2 2026) to 22.8% (Q4 2025).