When did CDW report Q3 2025 earnings?

CDW (CDW) reported Q3 2025 earnings on November 4, 2025 before market open.

What were CDW's Q3 2025 revenue and EPS?

CDW reported revenue of $5.7B and eps of $2.71 for Q3 2025.

Did CDW beat estimates in Q3 2025?

Revenue missed the consensus estimate of $5.7B by $12.1M. EPS beat the consensus estimate of $2.62 by $0.09.

How did CDW's Q3 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 4.0% from $5.5B a year earlier and eps grew 3.0% from $2.63.

Where can I find CDW's Q3 2025 SEC filings?

You can read the 8-K earnings release (0001402057-25-000191) and the 10-Q periodic report (0001402057-25-000193) directly on SEC EDGAR. The filing index links above go to sec.gov.

CDW CDW Q3 2025 earnings

Reported November 4, 2025 · Before market open

Revenue$5.7BMiss by $12.1M

EPS$2.71Beat by $0.09

Revenue estimate$5.7B

EPS estimate$2.62

Next report

Aug 5, 2026 (In 6 days)

Revenue estimate$6.2B

EPS estimate$2.80

Financials

Q3 2025

Income statement

See full

Revenue$5.7B+4.0%

Gross profit$1.3B+4.6%

Operating income$443.3M-8.0%

Net income$291.0M-8.0%

EPS (diluted)$2.21-5.6%

Balance sheet

See full

Cash & equivalents$452.9M-52.2%

Total debt$5.8B-7.0%

Total equity$2.5B+8.1%

Total assets$15.2B+5.7%

Cash flow

See full

Operating cash flow$328.3M-4.0%

CapEx$29.8M-11.3%

Free cash flow$298.5M-3.2%

Valuation & ratios

Valuation

as of 09/30/25

See full

Market cap$20.88B-30.9%

Enterprise value$26.18B-26.2%

P/E19.9×-7.4×

P/S0.9×-0.5×

Profitability

See full

Gross margin21.6%-0.5pp

Operating margin7.4%-0.7pp

Net margin4.8%-0.6pp

FCF margin4.6%-1.9pp

Returns & leverage

See full

Return on equity43%-10.4pp

Debt / equity2.3×-0.4×

Current ratio1.4×0.0×

Segments

By product

See full

Hardware$4.1B+3.3%

Notebooks/Mobile Devices$1.4B+4.6%

Software$1.1B+4.3%

Netcomm Products$735.8M+10.2%

Other Hardware$653.1M-1.5%

By segment

See full

Other$698.4M+9.1%

Versus estimates

Revenue

Q1 2026$5.7BBeat by $199.7M Q4 2025$5.5BBeat by $179.0M

Q3 2025$5.7BMiss by $12.1M

Q2 2025$6.0BBeat by $464.2M Q1 2025$5.2BBeat by $262.7M Q4 2024$5.2BBeat by $226.8M

Diluted EPS

Q1 2026$2.28In line Q4 2025$2.57Beat by $0.13

Q3 2025$2.71Beat by $0.09

Q2 2025$2.60Beat by $0.11 Q1 2025$2.15Beat by $0.19 Q4 2024$2.48Beat by $0.15

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Questions, answered.

When did CDW report Q3 2025 earnings?: CDW (CDW) reported Q3 2025 earnings on November 4, 2025 before market open.
What were CDW's Q3 2025 revenue and EPS?: CDW reported revenue of $5.7B and eps of $2.71 for Q3 2025.
Did CDW beat estimates in Q3 2025?: Revenue missed the consensus estimate of $5.7B by $12.1M. EPS beat the consensus estimate of $2.62 by $0.09.
How did CDW's Q3 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 4.0% from $5.5B a year earlier and eps grew 3.0% from $2.63.
Where can I find CDW's Q3 2025 SEC filings?: You can read the 8-K earnings release (0001402057-25-000191) and the 10-Q periodic report (0001402057-25-000193) directly on SEC EDGAR. The filing index links above go to sec.gov.