CDW
28 named things its latest annual report says its results depend on, each in the company's own words. 20 of them are also named by other companies we've read.
Suppliers
Ingram Micro
depends on · over 25% of our total purchasesnamed as a riskIn addition, purchases from two wholesale distributors, Ingram Micro and TD SYNNEX, represent over 25% of our total purchases.Risk factors (Item 1A)
TD SYNNEX
depends on · over 25% of our total purchasesnamed as a riskIn addition, purchases from two wholesale distributors, Ingram Micro and TD SYNNEX, represent over 25% of our total purchases.Risk factors (Item 1A)
Also named by FTNT
Microsoft
depends onnamed as a riskA significant portion of our sales are derived from products manufactured by Apple, Cisco, Dell Technologies, HP Inc., Lenovo, and Microsoft.Risk factors (Item 1A)
Also named by AAOI, AAON, AES, AJG, AMD, BLK, CEG, CG and 13 more
Apple
depends onnamed as a riskA significant portion of our sales are derived from products manufactured by Apple, Cisco, Dell Technologies, HP Inc., Lenovo, and Microsoft.Risk factors (Item 1A)
Also named by ABNB, AMKR, BBY, BKNG, GLW, INTC, META, NYT and 5 more
Cisco
depends onnamed as a riskA significant portion of our sales are derived from products manufactured by Apple, Cisco, Dell Technologies, HP Inc., Lenovo, and Microsoft.Risk factors (Item 1A)
Dell Technologies
depends onnamed as a riskA significant portion of our sales are derived from products manufactured by Apple, Cisco, Dell Technologies, HP Inc., Lenovo, and Microsoft.Risk factors (Item 1A)
HP Inc.
depends onnamed as a riskA significant portion of our sales are derived from products manufactured by Apple, Cisco, Dell Technologies, HP Inc., Lenovo, and Microsoft.Risk factors (Item 1A)
Lenovo
depends onnamed as a riskA significant portion of our sales are derived from products manufactured by Apple, Cisco, Dell Technologies, HP Inc., Lenovo, and Microsoft.Risk factors (Item 1A)
Also named by SMCI
Third-party commercial delivery services
depends onnamed as a riskIf we are unable to pass on to our customers future increases in the cost of commercial delivery services and transportation costs (including those that may result from an increase in fuel or personnel costs or a need to use higher cost delivery channels during periods of increased demand), our profitability could be adversely affected.Risk factors (Item 1A)
Partners and platforms
Drop-shipment arrangements with OEMs and wholesale distributors
depends on · approximately 51% of total North America Net salesThese arrangements represented approximately 51% of total North America Net sales in 2025.Business (Item 1)
Group purchasing organizations (GPOs)
depends onnamed as a riskFurthermore, our inability to enter into or retain contracts with GPOs may threaten our ability to sell to customers in those GPOs and compete effectively.Risk factors (Item 1A)
Also named by BAX, BDX, BSX, EW, GMED, GWW, SYY, USFD and 1 more
Competitors
Google Cloud Marketplace
competes withnamed as a riskFor example, growing hyperscaler marketplaces such as AWS Marketplace, Google Cloud Marketplace, and Microsoft Marketplace and evolving partner authorization and incentive models could change the role of traditional resellers, which may limit access to offerings, pressure margins, and restrict participation in certain channels.Risk factors (Item 1A)
AWS Marketplace
competes withnamed as a riskFor example, growing hyperscaler marketplaces such as AWS Marketplace, Google Cloud Marketplace, and Microsoft Marketplace and evolving partner authorization and incentive models could change the role of traditional resellers, which may limit access to offerings, pressure margins, and restrict participation in certain channels.Risk factors (Item 1A)
Also named by CRWD
Microsoft Marketplace
competes withnamed as a riskFor example, growing hyperscaler marketplaces such as AWS Marketplace, Google Cloud Marketplace, and Microsoft Marketplace and evolving partner authorization and incentive models could change the role of traditional resellers, which may limit access to offerings, pressure margins, and restrict participation in certain channels.Risk factors (Item 1A)
Places
United States
concentrated in · approximately 90% of our Net salesIn our US business, which represents approximately 90% of our Net sales, we currently have five dedicated customer channels: corporate, small business, government, education, and healthcare, each of which generated $1.7 billion or greater in Net sales in 2025.Business (Item 1)
Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more
United Kingdom and Canada
earns from · $2.7 billionNet sales to customers in the UK and Canada combined generated $2.7 billion in 2025.Business (Item 1)
Asia
depends onnamed as a riskWhile we purchase our products primarily in the markets we serve (for example, products for US customers are sourced in the US), our vendor partners manufacture or purchase a significant portion of the products we sell outside of the US, primarily in Asia.Risk factors (Item 1A)
Also named by AAPL, AYI, CART, CB, CHD, CLS, COHR, DELL and 31 more
Commodities and inputs
Canadian dollar
exposed to its pricenamed as a riskAs a result, fluctuations in the exchange rate of the US dollar relative to the local currencies of our international subsidiaries, particularly the British pound and the Canadian dollar, could cause material fluctuations in our reported results of operations.Risk factors (Item 1A)
Also named by ABBV, ADBE, AMG, AYI, BBY, BWXT, CBRE, CDRE and 67 more
British pound
exposed to its pricenamed as a riskAs a result, fluctuations in the exchange rate of the US dollar relative to the local currencies of our international subsidiaries, particularly the British pound and the Canadian dollar, could cause material fluctuations in our reported results of operations.Risk factors (Item 1A)
Also named by ABBV, ADBE, AJG, AME, AMP, APA, BF/B, BRO and 39 more
High-performance memory and storage
exposed to its pricenamed as a riskThis memory shortage could ultimately result in shortages of finished goods such as client devices and servers where memory is a key component of the bill of materials for their production.Risk factors (Item 1A)
Regulators
US Department of Justice
subject tonamed as a riskFor example, the Company received a Civil Investigative Demand, issued by the US Department of Justice (“DOJ”) on June 11, 2024, in connection with a False Claims Act investigation.Risk factors (Item 1A)
Also named by AAPL, ACN, AMAT, ASO, BEN, BSX, CAH, CDNA and 21 more
Laws and programs
General Data Protection Regulation (GDPR)
subject tonamed as a riskSecurity breaches could result in legal claims or proceedings, liability, or regulatory penalties under laws protecting the privacy of personal information (including those under the European Union’s General Data Protection Regulation and the California Privacy Rights Act), significant remediation costs as well as the loss of partners and existing or potential customers and, ultimately, damage to our brand and reputation and adversely impact our business.Risk factors (Item 1A)
Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more
False Claims Act
subject tonamed as a riskNoncompliance with contract provisions, government procurement regulations, or other applicable laws or regulations (including the False Claims Act, the Medicare and Medicaid Anti-Kickback Statute, or similar laws of the jurisdictions for our business activities outside of the US) or security clearance and confidentiality requirements could result in civil, criminal, and administrative liability, including substantial monetary fines or damages, termination of government contracts or other public sector customer contracts, and suspension, debarment, or ineligibility from doing business with governmental entities or other customers in the public sector.Risk factors (Item 1A)
Also named by ACN, ASTS, CHE, CI, CVS, DGX, FLR, GE and 13 more
US tariffs and trade restrictions
subject tonamed as a riskTrade restrictions, including new or increased tariffs or quotas, embargoes, sanctions, safeguards, and customs restrictions against the products we sell, could increase the cost or reduce the supply of product available to us and adversely affect our business, results of operations, or cash flows.Risk factors (Item 1A)
California Privacy Rights Act
subject tonamed as a riskSecurity breaches could result in legal claims or proceedings, liability, or regulatory penalties under laws protecting the privacy of personal information (including those under the European Union’s General Data Protection Regulation and the California Privacy Rights Act), significant remediation costs as well as the loss of partners and existing or potential customers and, ultimately, damage to our brand and reputation and adversely impact our business.Risk factors (Item 1A)
E-Rate Program
subject tonamed as a riskThe DOJ requested information relating to bids the Company submitted for contracts funded in whole or in part by the Schools and Libraries Program (E-Rate Program).Risk factors (Item 1A)
Medicare and Medicaid Anti-Kickback Statute
subject tonamed as a riskNoncompliance with contract provisions, government procurement regulations, or other applicable laws or regulations (including the False Claims Act, the Medicare and Medicaid Anti-Kickback Statute, or similar laws of the jurisdictions for our business activities outside of the US) or security clearance and confidentiality requirements could result in civil, criminal, and administrative liability, including substantial monetary fines or damages, termination of government contracts or other public sector customer contracts, and suspension, debarment, or ineligibility from doing business with governmental entities or other customers in the public sector.Risk factors (Item 1A)
Cooperative advertising programs
depends onnamed as a riskAs a result of our relationships with vendor partners, a significant portion of our advertising and marketing expenses is reimbursed through cooperative advertising programs.Business (Item 1)