CDW Reports Q3 2026 Earnings Growth and Declares Quarterly Cash Dividend

Executive Summary

On November 4, 2026, CDW Corporation (NASDAQ: CDW) filed a Form 8-K under Items 2.02 and 8.01, detailing its financial results for the third quarter ended September 30, 2026, alongside the announcement of a quarterly cash dividend.

Key Financial Highlights (Q3 2026 vs. Q3 2025)

• Net Sales: $6,754.5 million, an increase of 17.7% (17.8% on a constant currency basis) compared to $5,737.4 million in Q3 2025.
  • Commercial Segment: $3,979 million (+20.8% YoY), led by Financial Services (+73.2%), Corporate (+16.8%), and Healthcare (+9.3%).
  • Government Segment: $913 million (+9.9% YoY).
  • Education Segment: $982 million (+7.5% YoY).
  • Other (UK & Canada): $880 million (+26.0% YoY).
• Gross Profit: $1,385.3 million (+10.3% YoY); Gross profit margin decreased to 20.5% from 21.9% due to product mix.
• Operating Income: $489.5 million (+10.4% YoY); Non-GAAP Operating Income was $619.8 million (+16.8% YoY).
• Net Income & EPS:
  • GAAP Net Income was $309.8 million (+6.5% YoY); Diluted EPS was $2.46 (+11.6% YoY).
  • Non-GAAP Net Income was $410.2 million (+14.8% YoY); Non-GAAP Diluted EPS was $3.26 (+20.4% YoY).

Dividend Declaration

• Quarterly Cash Dividend: $0.680 per common share.
• Record Date: November 25, 2026.
• Payment Date: December 10, 2026.