CDW said net sales for the 3 months ended September 30, 2025 increased $221 million (4.0%), while operating income decreased $38 million (8.0%) to $443 million.

10-QQuarterly reportFiled Nov 4, 2025Period of report Sep 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

CDW said net sales for the 3 months ended September 30, 2025 increased $221 million (4.0%), while operating income decreased $38 million (8.0%) to $443 million.
The company said gross profit margin in Q3 rose 10 basis points, while for the 9 months it fell 40 basis points. Selling and administrative expenses in Q3 increased $93 million (12.9%).
CDW said Small Business segment net sales in Q3 increased $54 million (14.2%) and Public segment increased $14 million (0.6%). Operating income rose $8 million in Small Business and fell $8 million in Public.
The company repurchased 2.9 million shares for $500 million during the 9 months of 2025, and net cash provided by operating activities decreased $161 million compared with the prior-year period. CDW cited accounts receivable as a factor in the decrease.

Key figures

Quarter ended September 30, 2025

Revenue: $5.7B
Operating income: $443M
Net income: $291M
EPS: $2.21
Gross profit: $1.3B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q3 2025 Net Sales and Operating Income

CDW said net sales for the 3 months ended September 30, 2025 increased $221 million (4.0%), while operating income decreased $38 million (8.0%) to $443 million.

Source · Based on the MD&A text of the filing

Gross Profit Margin and Selling and Administrative Expenses Changes

The company said gross profit margin in Q3 rose 10 basis points, while for the 9 months it fell 40 basis points. Selling and administrative expenses in Q3 increased $93 million (12.9%).

Source · Based on the MD&A text of the filing

Public Segment and Small Business Segment Q3 Results

CDW said Small Business segment net sales in Q3 increased $54 million (14.2%) and Public segment increased $14 million (0.6%). Operating income rose $8 million in Small Business and fell $8 million in Public.

Source · Based on the MD&A text of the filing

Share Repurchases and Operating Cash Flow

The company repurchased 2.9 million shares for $500 million during the 9 months of 2025, and net cash provided by operating activities decreased $161 million compared with the prior-year period. CDW cited accounts receivable as a factor in the decrease.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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