CDW CorporationCDWEarnings & Financial Report
CDW Corporation is an American multi-brand provider of information technology services, serving business, government, education, and healthcare sectors across the United States, the United Kingdom, and Canada. Headquartered in Vernon Hills, Illinois, CDW is a Fortune 500 and generated $21 billion in annual net sales in 2023.
CDW Q3 2025 Key Financial Metrics
Revenue
$5.7B
Gross Profit
$1.3B
Operating Profit
$443.3M
Net Profit
$291.0M
Gross Margin
21.9%
Operating Margin
7.7%
Net Margin
5.1%
YoY Growth
4.0%
EPS
$2.21
Financial Flow
CDW Corporation Q3 2025 Financial Summary
CDW Corporation reported revenue of $5.7B for Q3 2025, with a net profit of $291.0M (5.1% margin). Cost of goods sold was $4.5B, operating expenses totaled $812.2M.
Key Financial Metrics
| Total Revenue | $5.7B |
|---|---|
| Net Profit | $291.0M |
| Gross Margin | 21.9% |
| Operating Margin | 7.7% |
| Report Period | Q3 2025 |
CDW Corporation Annual Revenue by Year
CDW Corporation annual revenue history includes year-by-year totals (for example, 2024 revenue was $21.0B).
| Year | Annual Revenue |
|---|---|
| 2024 | $21.0B |
| 2023 | $21.4B |
| 2022 | $23.7B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.02B | $4.87B | $5.42B | $5.52B | $5.19B | $5.20B | $5.98B | $5.74B |
| YoY Growth | -7.7% | -4.5% | -3.6% | -2.0% | 3.3% | 6.7% | 10.2% | 4.0% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $13.28B | $13.19B | $13.64B | $14.38B | $14.68B | $15.02B | $15.27B | $15.20B |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | $2.04B | $2.14B | $2.17B | $2.35B | $2.35B | $2.32B | $2.47B | $2.54B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $536.5M | $440.0M | $149.9M | $342.1M | $345.3M | $287.2M | $155.9M | $328.3M |
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