Filing Flows › CDW (CDW) › Operating margin
CDW (CDW) operating margin by quarter
CDW's operating margin was 7.2% in Q3 2026 (third quarter 2026), +0.7 pts from Q2 2026. Over the last 7 quarters it ranged from 6.5% (Q2 2026) to 7.8% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 7.2% | +0.7 pts | -0.5 pts |
| Q2 2026 | 6.5% | -0.1 pts | -0.5 pts |
| Q1 2026 | 6.6% | -1.2 pts | -0.3 pts |
| Q4 2025 | 7.8% | +0.1 pts | — |
| Q3 2025 | 7.7% | +0.7 pts | — |
| Q2 2025 | 7.0% | +0.1 pts | — |
| Q1 2025 | 7.0% | — | — |
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 operating margin?
CDW's operating margin was 7.2% in Q3 2026 (third quarter 2026), +0.7 pts from Q2 2026.
How has CDW's operating margin changed?
Over the last 7 quarters it ranged from 6.5% (Q2 2026) to 7.8% (Q4 2025).