CDW · 10-Q · 2026Q3 · Full report

Interest Expense Trends

CDW Corp · 2026-11-04 · Importance 23 · Surprise 22

Net interest expense increased 19.8% to $65.9 million in the third quarter and 7.4% to $181.4 million for the first nine months of 2026. The increases primarily reflected higher average borrowings under the senior unsecured revolving loan facility and lower interest income earned on cash balances. For the nine-month period, a lower variable interest rate on the senior unsecured term loan partially offset those factors.

Key facts

• For the three months ended September 30, 2026, CDW interest expense, net increased $11 million, or 19.8%, primarily due to higher average borrowings on its revolving loan facility and lower interest income on cash balances. source
• For the nine months ended September 30, 2026, CDW interest expense, net increased $13 million, or 7.4%, primarily due to higher average revolving-facility borrowings and lower interest income, partly offset by a lower variable interest rate on the senior unsecured term loan. source