NASDAQ$CDW
CDW Corp · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
CDW Corp reported Q2 2025 results with net sales of $5.98 billion and net income of $271 million.
CDW delivered 10.2% year-over-year net sales growth in Q2 2025 driven by strength in notebooks, software, and netcomm products across Corporate and Public segments. Gross profit margin declined 100 basis points to 20.8% while operating income margin was 7.0%. The company maintained a strong balance sheet with $481 million in cash and continued share repurchases and dividends.
- Net sales rose 10.2% to $5.98 billion with broad-based growth across all segments.
- Gross profit margin contracted 100 bps to 20.8% due to hardware mix and lower netted-down revenue contribution.
- Non-GAAP operating income margin was 8.7% and diluted EPS was $2.05.
- Public segment healthcare channel grew 24% while education declined 11%.
Headline financials
Revenue & EPS history
CDW · Revenue · Quarterly
$5.98B
Revenue by segment
CDW · $5.98B total across 4 segments · Q2 2025
- Corporate$2.58B—43.2%
- Public$2.29B—38.3%
- Other$672M—11.2%
- Small Business$431M—7.2%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+1.1%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+1.5%
Avg return
30 days after
61%
31 / 51 earnings
Positive
+11.2%
Q3 2018
Best reaction
-14.4%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | +2.2% | -25.0% | -2.7% | |
| Q4 2025 | +9.4% | +13.7% | -2.2% | |
| Q3 2025 | -8.7% | -8.0% | -6.6% | |
| Q1 2025 | +7.1% | +15.2% | +8.7% | |
| Q4 2024 | +3.4% | -3.9% | -15.5% | |
| Q3 2024 | -14.4% | -13.1% | -20.0% | |
| Q2 2024 | -8.1% | -11.1% | -2.9% | |
| Q1 2024 | -9.7% | -8.3% | -7.5% | |
| Q4 2023 | +5.8% | +5.0% | +7.6% | |
| Q3 2023 | +3.1% | +5.3% | +6.1% | |
| Q2 2023 | +6.4% | +8.3% | +13.8% | |
| Q1 2023 | -2.4% | -1.0% | +3.8% | |
| Q4 2022 | +2.0% | +6.0% | -4.4% | |
| Q3 2022 | +0.1% | -0.2% | +10.1% | |
| Q2 2022 | -0.2% | -1.0% | -6.6% | |
| Q1 2022 | +2.1% | -1.7% | +4.7% | |
| Q4 2021 | -5.8% | -9.6% | -12.7% | |
| Q3 2021 | -2.2% | -2.1% | +1.3% | |
| Q2 2021 | +2.9% | +2.3% | +9.4% | |
| Q1 2021 | -2.1% | -2.8% | -5.0% | |
| Q4 2020 | +3.5% | +2.5% | +5.6% | |
| Q3 2020 | +6.6% | +12.6% | +7.0% | |
| Q2 2020 | -4.0% | -5.5% | -4.4% | |
| Q1 2020 | -3.0% | -4.6% | +14.0% | |
| Q4 2019 | -2.5% | -0.1% | -18.0% | |
| Q3 2019 | +3.0% | +6.6% | +6.0% | |
| Q2 2019 | +4.3% | -5.3% | +1.7% | |
| Q1 2019 | +2.0% | +3.3% | -6.8% | |
| Q4 2018 | +5.8% | +8.6% | +8.1% | |
| Q3 2018 | +11.2% | +9.3% | +15.5% | |
| Q2 2018 | +1.6% | +2.5% | +4.4% | |
| Q1 2018 | +2.9% | +5.5% | +11.9% | |
| Q4 2017 | -5.7% | -6.7% | +1.6% | |
| Q3 2017 | +0.0% | +0.3% | -1.2% | |
| Q2 2017 | -0.8% | +0.0% | -2.7% | |
| Q1 2017 | +0.2% | -0.0% | +3.7% | |
| Q4 2016 | +7.0% | +9.9% | +11.5% | |
| Q3 2016 | -2.5% | +0.3% | +17.0% | |
| Q2 2016 | +3.9% | +5.5% | +5.0% | |
| Q1 2016 | +5.6% | — | — | |
| Q4 2015 | -1.6% | — | — | |
| Q3 2015 | +4.0% | — | — | |
| Q2 2015 | +8.8% | — | — | |
| Q1 2015 | -5.0% | — | — | |
| Q4 2014 | -0.2% | — | — | |
| Q3 2014 | +4.0% | — | — | |
| Q2 2014 | -1.0% | — | — | |
| Q1 2014 | +5.6% | — | — | |
| Q4 2013 | +2.7% | — | — | |
| Q3 2013 | +4.3% | — | — | |
| Q2 2013 | +5.2% | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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