PC Connection, Inc. (CNXN) Income Statement
CNXN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCNXN revenue and net income
Where CNXN's revenue goes
2025Each bar shows an amount and its share of revenue. CNXN kept 2.9% of revenue as net income.
CNXN profit margins
CNXN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.5% | −2.8% | +2.1% | +1.1% |
| Gross profit | +3.8% | +0.8% | +5.2% | +4.7% |
| Operating income | +5.5% | −5.3% | +7.3% | +2.7% |
| Net income | −3.9% | −2.1% | +8.5% | +6.0% |
| EPS (diluted) | +6.2% | +0.7% | +10.0% | +7.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CNXN quarterly EPS vs estimates
PC Connection beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 28, 2026 (estimate $1.04).
CNXN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.87B | $2.80B | $2.85B | $3.12B | $2.89B | $2.59B | $2.82B | $2.70B | $2.91B | $2.69B |
| Cost of revenue | $2.33B | $2.28B | $2.34B | $2.60B | $2.43B | $2.17B | $2.37B | $2.29B | $2.53B | $2.32B |
| Gross profit | $539.3M | $519.8M | $511.7M | $526.2M | $464.6M | $418.8M | $451.3M | $411.1M | $382.1M | $371.2M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $419.6M | $38.0M | $35.3M | $385.0M | $347.6M | $33.4M | $30.0M | $310.3M | $292.7M | $262.7M |
| Total operating expenses | $437.0M | $422.7M | $408.6M | $405.6M | $368.1M | $346.7M | $339.3M | $324.4M | $300.9M | $287.2M |
| Operating income | $102.4M | $97.1M | $103.2M | $120.6M | $96.5M | $72.1M | $112.0M | $85.7M | $77.5M | $80.5M |
| Interest income | $14.4M | $18.7M | $10.0M | — | — | $168,000 | $707,000 | $3.0M | $98,000 | $67,000 |
| Interest expense | — | — | — | $1.1M | $5,000 | $107,000 | $103,000 | $145,000 | $0 | $67,000 |
| Income before taxes | $113.7M | $117.5M | $113.1M | $121.6M | $96.5M | $73.2M | $112.7M | $88.7M | $77.6M | $80.5M |
| Income taxes | $30.0M | $30.4M | $29.8M | $32.4M | $26.6M | $17.4M | $30.6M | $24.1M | $22.8M | $32.3M |
| Net income | $83.7M | $87.1M | $83.3M | $89.2M | $69.9M | $55.8M | $82.1M | $64.6M | $54.9M | $48.1M |
| EBITDA | $125.4M | $110.5M | $118.2M | $132.6M | $108.7M | $86.7M | $126.0M | $102.9M | $93.0M | $91.0M |
| EPS (diluted) | $3.45 | $3.25 | $3.23 | $3.38 | $2.66 | $2.14 | $3.12 | $2.37 | $1.84 | $1.81 |
| Gross margin | 18.8% | 18.6% | 18.0% | 16.8% | 16.1% | 16.2% | 16.0% | 15.2% | 13.1% | 13.8% |
| Operating margin | 3.6% | 3.5% | 3.6% | 3.9% | 3.3% | 2.8% | 4.0% | 3.2% | 2.7% | 3.0% |
| Net margin | 2.9% | 3.1% | 2.9% | 2.9% | 2.4% | 2.2% | 2.9% | 2.4% | 1.9% | 1.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $854.0M | $721.9M | $702.9M | $709.1M | $759.7M | $701.0M | $708.9M | $724.7M | $736.5M | $632.0M | $696.5M | $693.1M |
| Cost of revenue | $696.5M | $589.1M | $567.3M | $570.4M | $621.9M | $573.7M | $579.1M | $589.3M | $599.9M | $514.0M | $566.7M | $561.2M |
| Gross profit | $157.5M | $132.7M | $135.6M | $138.6M | $137.8M | $127.3M | $129.8M | $135.4M | $136.5M | $118.1M | $129.8M | $131.9M |
| Sales, general & admin | $108.3M | $103.3M | $108.9M | $103.6M | $102.1M | $105.0M | $101.9M | $100.2M | $100.1M | $99.5M | $96.6M | $94.5M |
| Total operating expenses | $112.9M | $108.1M | $108.9M | $108.4M | $106.9M | $112.8M | $107.1M | $105.4M | $105.6M | $104.6M | $101.8M | $99.9M |
| Operating income | $44.6M | $24.6M | $26.7M | $30.3M | $30.9M | $14.5M | $22.6M | $30.0M | $30.9M | $13.5M | $27.9M | $32.0M |
| Interest income | $2.5M | $3.4M | $3.6M | $3.7M | $3.2M | $3.9M | — | $4.8M | $4.6M | $4.6M | — | $2.7M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $9.1M | — |
| Income before taxes | $45.5M | $23.6M | $27.2M | $34.0M | $34.1M | $18.5M | $27.3M | $36.6M | $35.6M | $18.0M | $32.1M | $34.7M |
| Income taxes | $12.4M | $6.4M | $6.5M | $9.2M | $9.3M | $5.0M | $6.6M | $9.5M | $9.4M | $4.9M | $8.3M | $9.1M |
| Net income | $33.2M | $17.2M | $20.7M | $24.7M | $24.8M | $13.5M | $20.7M | $27.1M | $26.2M | $13.2M | $23.8M | $25.6M |
| EBITDA | $47.3M | $26.4M | $30.0M | $36.8M | $33.7M | $20.5M | $25.8M | $33.3M | $34.6M | $16.7M | $31.2M | $35.4M |
| EPS (diluted) | $1.31 | $0.77 | $0.91 | $0.97 | $0.97 | $0.60 | $0.78 | $0.97 | $1.00 | $0.50 | $0.90 | $0.97 |
| Gross margin | 18.4% | 18.4% | 19.3% | 19.6% | 18.1% | 18.2% | 18.3% | 18.7% | 18.5% | 18.7% | 18.6% | 19.0% |
| Operating margin | 5.2% | 3.4% | 3.8% | 4.3% | 4.1% | 2.1% | 3.2% | 4.1% | 4.2% | 2.1% | 4.0% | 4.6% |
| Net margin | 3.9% | 2.4% | 2.9% | 3.5% | 3.3% | 1.9% | 2.9% | 3.7% | 3.6% | 2.1% | 3.4% | 3.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CNXN's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CNXN financial results
In fiscal year 2025 (ended December 31, 2025), PC Connection reported revenue of $2.9 billion, up 2.5% from the year before. It had net income of $83.7 million (down 3.9%), a net profit margin of 2.9%. Diluted earnings per share came to $3.45. Over five years revenue grew at an average rate of 2.1% a year.
See the CNXN stock overview for the latest quote and news, or the CNXN chart for price history and technical indicators.
CNXN income statement FAQ
What is PC Connection's annual revenue?
PC Connection reported total revenue of $2.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 2.5% from $2.8 billion the previous year.
Is PC Connection profitable?
Yes. PC Connection reported net income of $83.7 million in fiscal 2025, a net profit margin of 2.9%; its operating margin was 3.6%.
What is PC Connection's gross margin?
PC Connection's gross margin was 18.8% in fiscal 2025: for every $100 of revenue, PC Connection kept $19 after the direct cost of its products and services.
How fast is PC Connection growing?
Revenue grew 2.1% a year on average over the last five fiscal years, from $2.6 billion to $2.9 billion.
What are PC Connection's earnings per share?
PC Connection earned $3.45 per diluted share in fiscal 2025, compared with $3.25 a year earlier.
When will PC Connection report its next earnings?
PC Connection is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does PC Connection's fiscal year end?
PC Connection's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.