CDW · 10-Q · 2026Q3 · Full report

Operating Expense Trends

CDW Corp · 2026-11-04 · Importance 36 · Surprise 40 · From source text

Selling and administrative expenses increased 10.3% to $895.8 million in the third quarter and 8.6% to $2,601.0 million in the first nine months. Quarterly growth primarily reflected higher performance-based incentives, workplace optimization costs, and acquisition costs; nine-month growth reflected higher compensation, including performance-based incentives, and workplace optimization costs. Workplace optimization charges were $31.0 million in the quarter and $75.2 million for nine months, including workforce-reduction and real-estate-lease-portfolio costs. Transformation initiative costs were $15.2 million in the quarter and $33.4 million for nine months.

Key facts

• CDW incurred $31.0 million of workplace optimization costs in the three months ended September 30, 2026, compared with $2.7 million in the prior-year period. source
• CDW incurred $75.2 million of workplace optimization costs in the nine months ended September 30, 2026, compared with $15.5 million in the prior-year period. source
• For the three months ended September 30, 2026, CDW selling and administrative expenses increased 10.3% to $895.8 million, primarily due to higher performance-based incentives, workplace optimization costs, and acquisition costs. source
• For the nine months ended September 30, 2026, CDW selling and administrative expenses increased 8.6% to $2,601.0 million, primarily due to higher compensation expense, including performance-based incentives, and higher workplace optimization costs. source

Impact estimates