CDW (CDW) Revenue — Quarter Ended Sep 30, 2025
CDW Corporation's revenue declined in the current quarter compared to the immediately preceding quarter. However, revenue increased relative to the same quarter one year ago.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
CDW Corporation's revenue declined in the current quarter compared to the immediately preceding quarter. However, revenue increased relative to the same quarter one year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.7B
Revenue reported for this quarter.
Quarter-over-quarter
-4.0%
Change from the immediately preceding quarter.
Year-over-year
+4.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2024 | $5.2B | +3.3% |
| Mar 31, 2025 | $5.2B | +6.7% |
| Jun 30, 2025 | $6B | +10.2% |
| Sep 30, 2025 | $5.7B | +4.0% |
Revenue performance
The reported revenue direction for the quarter was down from the prior quarter. The sequential decline marks a reversal from the growth seen in each of the preceding three quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell. In contrast, revenue rose when measured against the same quarter one year earlier.
What to watch
Filing context mentions transformation initiatives and workplace optimization costs, but provides no direct causal link to revenue changes.