Company facts
- Industry
- Retail-Catalog & Mail-Order Houses
- Headquarters
- Vernon Hills, Illinois
- Most recent report
- 10-Q, filed Nov 4, 2026
- Incorporated
- Delaware
- Filings on record
- 1,000+ filings
- On EDGAR
- CIK 1402057
- Fiscal year ends
- December
- Filer status
- Large accelerated filer
Financials 8 of 33
News 8 of 89
Prospectuses and Registrations 8 of 24
- 424B5 Prospectus supplement for an offering Sep 15, 2026
- FWP Free writing prospectus Sep 14, 2026
- 424B5 Prospectus supplement for an offering Sep 14, 2026
- S-3ASR Automatic shelf registration Feb 23, 2026
- 424B5 Prospectus supplement for an offering Aug 14, 2024
- FWP Free writing prospectus Aug 12, 2024
- 424B5 Prospectus supplement for an offering Aug 12, 2024
- S-3ASR Automatic shelf registration Aug 2, 2023
Proxies 8 of 22
- DEFA14A Extra proxy material Apr 10, 2026
- DEF 14A Proxy statement for a shareholder vote Apr 10, 2026
- PRE 14A Preliminary proxy statement Mar 27, 2026
- DEFA14A Extra proxy material Apr 9, 2025
- DEF 14A Proxy statement for a shareholder vote Apr 9, 2025
- DEFA14A Extra proxy material May 1, 2024
- DEFA14A Extra proxy material Apr 10, 2024
- DEF 14A Proxy statement for a shareholder vote Apr 10, 2024
Ownership 8 of 823
- SCHEDULE 13G Large holder reported a passive stake Oct 27, 2026
- 4 Insider reported a trade Oct 19, 2026
- 3 Insider reported their initial holding Oct 19, 2026
- 4 Insider reported a trade Oct 5, 2026
- 4 Insider reported a trade Oct 5, 2026
- 4 Insider reported a trade Sep 28, 2026
- 4 Insider reported a trade Sep 14, 2026
- 4 Insider reported a trade Sep 14, 2026
Other 8 of 9
- D Sep 22, 2026
- ARS Annual report sent to shareholders Apr 10, 2026
- ARS Annual report sent to shareholders Apr 9, 2025
- ARS Annual report sent to shareholders Apr 10, 2024
- UPLOAD Comment letter from SEC staff Aug 23, 2023
- CORRESP Reply to SEC staff Jul 26, 2023
- UPLOAD Comment letter from SEC staff Jul 17, 2023
- ARS Annual report sent to shareholders Apr 7, 2023
What to read: Sep 2026 10-Q
SECSift found 3 of 13 sections worth reading, with 1 positive, 8 notable, and 2 negative flags.
Financial Statements (Item 1)
Major balance-sheet swings, debt issuance, acquisition, and segment realignment all in one period.Notable- Acquired Lovelytics for $525M on Sep 25, 2026, adding $347M goodwill and $205M intangibles.
- New $222M product financing arrangement in 2026 to support a customer contract with extended delivery.
- Segment realignment effective Jan 1, 2026 created three reportable segments: Commercial, Government, Education.
Management's Discussion (Item 2)
Full MD&A with segment results, debt issuance, cash flow decline, and margin compression.PositiveNotable- Government segment gross margin plunged 330bps to 19.5% in Q3 2026, the steepest decline among segments.
- Issued $1.5B in new notes (5.700% 2029, 6.100% 2032, 6.350% 2033) to refinance 2026 maturities and fund Lovelytics acquisition.
- Board authorized a $1B increase to the share repurchase program in May 2026; $653M spent on 5.3M shares in nine months.
- Cash conversion cycle nearly doubled to 20 days at Sep 2026 from 11 days a year earlier.
Unregistered Sales and Repurchases (Item 2)
Buyback pace slowed to 0.8M shares in Q3 2026; $1B new authorization in May 2026.
What changed: Sep 2026 vs. Jun 2026
About 6% of CDW's Sep 2026 10-Q is new information. 20 paragraphs were added, 133 changed, and 9 removed. Below are the most important lines SECSift identified.
New
- Issued $1.5B in new senior notes: $600M 5.700% due 2029, $500M 6.100% due 2032, $400M 6.350% due 2033.
- Entered $500M interest rate swaps on September 2029 Notes, receiving fixed and paying variable SOFR.
- Added Exhibits 4.1-4.7: Base Indenture dated 12/1/2014 and three supplemental indentures with 5.700%, 6.100%, and 6.350% Senior Notes dated 9/21/2026.
- Added Exhibit 10.1: Letter Agreement dated August 4, 2026 between CDW Corporation and Albert J. Miralles.
Changed
- Net sales rose to $6,754.5M for Q3 2026 from $5,737.4M in Q3 2025, a 17.7% increase.
- Net debt rose to $5,585.6M at Sep 30, 2026 from $5,175.9M at Sep 30, 2025.
- Non-GAAP net income per diluted share rose to $3.26 for Q3 2026 from $2.71 in Q3 2025.
- Total debt (current + long-term) rose to $7,124.3M from $5,817.0M at June 30, 2026.
- Gross profit margin fell to 20.5% for Q3 2026 from 21.9% in Q3 2025, down 140 basis points.
- Quarterly repurchases fell to 0.8 million shares from 2.9 million shares.
- Word changed to 'discussions' from 'discussions' in prior.
Everything here comes from CDW Corp's own filings on SEC EDGAR. The filing list is rechecked every hour. SECSift analysis was completed on Nov 4, 2026, from the 10-Q for Sep 2026.