CDW Corp
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of CDW Corp (CDW). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Corporate | $6.85B 37.1% | $8.18B 39.3% · +19.5% | $10.35B 43.6% · +26.5% | $8.96B 41.9% · -13.4% | $8.84B 42.1% · -1.4% | $9.44B 42.1% · +6.8% |
| Public | $8.14B 44.1% | $8.18B 39.3% · +0.6% | $8.55B 36.0% · +4.5% | $8.31B 38.9% · -2.9% | $8.16B 38.8% · -1.8% | $8.54B 38.1% · +4.6% |
| Other | $2.09B 11.3% | $2.59B 12.4% · +24.0% | $2.91B 12.2% · +12.4% | $2.55B 11.9% · -12.2% | $2.48B 11.8% · -2.9% | $2.72B 12.1% · +9.7% |
| Small Business | $1.40B 7.6% | $1.87B 9.0% · +33.9% | $1.94B 8.2% · +3.7% | $1.56B 7.3% · -19.7% | $1.52B 7.3% · -2.1% | $1.73B 7.7% · +13.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Corporate | $489.5M 7.2% | $697.3M 8.5% | $931.7M 9.0% | $846.8M 9.5% | $879.5M 10.0% | $889.3M 9.4% |
| Public | $678.2M 8.3% | $606.7M 7.4% | $681.7M 8.0% | $735.0M 8.8% | $745.9M 9.1% | $750.3M 8.8% |
| Other | $65.9M 3.2% | $115.8M 4.5% | $130.7M 4.5% | $142.1M 5.6% | – | – |
| Small Business | $99.0M 7.1% | $167.7M 9.0% | $186.8M 9.6% | $177.3M 11.4% | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | $16.38B 88.7% | $18.24B 87.6% · +11.4% | $20.83B 87.7% · +14.2% | $18.75B 87.7% · -10.0% | $18.46B 87.9% · -1.6% | $19.62B 87.5% · +6.3% |
| Rest of World | $2.09B 11.3% | $2.58B 12.4% · +23.6% | $2.92B 12.3% · +13.1% | $2.62B 12.3% · -10.2% | $2.54B 12.1% · -3.0% | $2.80B 12.5% · +10.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.