CDW Q3 FY25: where the revenue came from and where it went
The whole income statement of CDW for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Nov 4, 2025
Revenue$5.74B
+4% year over year
Gross profit$1.26B
22% margin
Operating profit$0.44B
8% margin
Net profit$0.29B
5% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 5.74 | 100% | +4% |
| Notebooks mobile devices | 1.43 | 25% | +5% |
| Software products | 1.09 | 19% | +4% |
| Netcomm products | 0.74 | 13% | +10% |
| Other hardware | 0.65 | 11% | −1% |
| Services | 0.53 | 9% | +9% |
| Data storage & servers | 0.47 | 8% | −7% |
| Collaboration | 0.45 | 8% | −2% |
| Other | 0.37 | 7% | |
| Cost of revenue | −4.48 | 78% | |
| Gross profit | 1.26 | 22% margin | +0pp |
| SG&A | −0.81 | 14% | +1pp |
| Operating profit | 0.44 | 8% margin | −1pp |
| Interest & other costs | −0.05 | ||
| Tax | −0.10 | ||
| Net profit | 0.29 | 5% margin | −1pp |
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