CDW Corporation Q3 2025 TL;DR
CDW reported top-line growth offset by significant operating expense inflation, leading to decreased profitability metrics for both the quarter and the nine months ended September 30, 2025.
Financial Performance: Net Sales grew 4.0% in Q3 to \(5.74B and 7.0% YTD to \)16.9B, with Gross Profit Margin marginally improving to 21.9%. However, Operating Income declined 8.0% in Q3 (\(443.3M) and 1.4% YTD (\)1.22B). This compression stemmed from a 12.9% rise in Selling & Admin expenses, partly due to amortization from the Mission Cloud acquisition. Consequently, Q3
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