Filings monitor · CDW

What CDW Corp's SEC filings said

10-Q for 2026Q3, filed 4 Nov 2026, and 1 8-K since. Each line is something a filing stated, ranked by score and linked to its source.

Ranked highest

1. Liquidity and Debt Position79 · importance in its document · 10-Q · 2026Q3
   At September 30, 2026, CDW held $1.5 billion in cash and had $1.9 billion of available borrowing capacity under its revolving loan facility. Total unsecured indebtedness was $7.1 billion, compared with $5.6 billion a year earlier, and net…
2. Acquisitions and Divestitures77 · importance in its document · 8-K exhibit · 4 Nov 2026
   CDW spent $450.3 million on acquisitions of businesses, net of cash acquired, during the first nine months of 2026, compared with $5.0 million in the same 2025 period. The release does not identify the acquired businesses or disclose…
3. Revenue Performance and Mix69 · importance in its document · 10-Q · 2026Q3
   For the third quarter, Commercial sales increased 20.8% to $3,979.4 million, Government increased 9.9% to $912.8 million, Education increased 7.5% to $982.2 million, and Other increased 26.0% to $880.1 million. Within Commercial,…
4. Capital Return Program52 · importance in its document · 10-Q · 2026Q3
   CDW repurchased 5.3 million shares for $653 million during the first nine months of 2026, and its Board authorized a $1 billion increase to the repurchase program on May 13, 2026. The company paid three 2026 quarterly dividends of $0.630…
5. Operating Income and Margins48 · importance in its document · 10-Q · 2026Q3
   Operating income rose 10.4% to $489.5 million in the third quarter but operating margin declined from 7.7% to 7.2%. For the first nine months, operating income increased 5.6% to $1,294.1 million and margin fell from 7.2% to 6.8%. Non-GAAP…

Ranked by score, 0–100. A topic read from a document carries its importance within that document; an 8-K event carries the rule score that ranks a filing among filings. Neither is about the share price, and the two scales are named on each row because they are not the same measure.

Latest report: 10-Q · 2026Q3 filed 4 Nov 2026

Full report · Filing on EDGAR

• Liquidity and Debt PositionImportance 79
  At September 30, 2026, CDW held $1.5 billion in cash and had $1.9 billion of available borrowing capacity under its revolving loan facility. Total unsecured indebtedness was $7.1 billion, compared with $5.6 billion a…
• Revenue Performance and MixImportance 69
  For the third quarter, Commercial sales increased 20.8% to $3,979.4 million, Government increased 9.9% to $912.8 million, Education increased 7.5% to $982.2 million, and Other increased 26.0% to $880.1 million. Within…
• Capital Return ProgramImportance 52
  CDW repurchased 5.3 million shares for $653 million during the first nine months of 2026, and its Board authorized a $1 billion increase to the repurchase program on May 13, 2026. The company paid three 2026 quarterly…
• Operating Income and MarginsImportance 48
  Operating income rose 10.4% to $489.5 million in the third quarter but operating margin declined from 7.7% to 7.2%. For the first nine months, operating income increased 5.6% to $1,294.1 million and margin fell from…
• Geographic Market CommentaryImportance 41
  CDW’s Other category, comprising CDW UK and CDW Canada, recorded stronger demand for data storage and servers and notebooks/mobile devices. The filing reports growth across both UK and Canada operations but does not…
• Market Demand TrendsImportance 38
  Customer demand drove third-quarter sales growth primarily in data storage and servers, notebooks/mobile devices, and software. Nine-month demand also contributed to growth in netcomm products. Demand was higher across…
• Operating Expense TrendsImportance 36 · +1 more on this subject
  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…
• Operating Cash Flow TrendsImportance 36
  Net cash provided by operating activities decreased $152.9 million to $618.5 million for the first nine months of 2026. The decline primarily reflected accounts receivable and inventory cash uses, partially offset by…
• Acquisition / Partnership / DivestitureImportance 34
  CDW acquired Lovelytics Data LLC and certain affiliated entities in 2026, with a substantial portion of the acquisition funded using proceeds from its third-quarter senior-note issuance. The acquisition contributed to…
• Gross Margin DriversImportance 31
  Consolidated gross margin fell 140 basis points to 20.5% in the third quarter and 90 basis points to 20.5% for the first nine months, as product mix shifted toward categories with lower margins. Third-quarter…
• Income Tax Rate ChangesImportance 29
  The effective tax rate increased to 26.9% in the third quarter of 2026 from 25.3% a year earlier, while quarterly tax expense rose 16.0% to $114.1 million. For the first nine months, the effective rate was 26.5%,…
• AI Infrastructure DemandImportance 26
  The filing describes increased demand for memory-intensive products as a result of rapid AI application adoption and related data center investment. Customer technology priorities include modernizing and optimizing…

8-K filings last 12 months

• Results, no stated guidance change4 Nov 2026 · 8-K Item 2.02 · Routine · rule score 10
  Read from the attached exhibit: Acquisitions and Divestitures · Segment Revenue Performance · Liquidity and Debt Position
• Management change (filing not read)19 Oct 2026 · 8-K Item 5.02 · Routine · rule score 20
• New debt21 Sept 2026 · 8-K Items 1.01, 2.03 · Routine · rule score 25
• Management change (filing not read)5 Aug 2026 · 8-K Item 5.02 · Routine · rule score 20
  Read from the attached exhibit: Leadership Transition
• Results (release not read)5 Aug 2026 · 8-K Item 2.02 · Routine · rule score 20
  Read from the attached exhibit: Liquidity and Debt Position · Market Demand Trends · Headcount / Restructuring
• Results (release not read)6 May 2026 · 8-K Item 2.02 · Routine · rule score 20
• Management change (filing not read)27 Mar 2026 · 8-K Item 5.02 · Routine · rule score 20
• Results (release not read)4 Feb 2026 · 8-K Item 2.02 · Routine · rule score 20
• New debt · Management change (filing not read)23 Dec 2025 · 8-K Items 1.01, 2.03, 5.02 · Routine · rule score 25

Earlier reports

• 10-Q · 2026Q2filed 5 Aug 2026
  Workforce Reduction and Optimization · Liquidity and Debt Position · Interest Rate Environment

Topics are read from the text of the 10-K, 10-Q or the exhibit attached to an 8-K, each linked to the passage it came from. 8-K events are labelled by fixed rules from the item codes and the filing text — the same rules for every company and every year. The Full Picture merges these with earnings calls and news.