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Financial Analysis

Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data

Fundamentals

GARTNER INC IT

· Industrials · Services-Management Services

FY2025 10-K, filed 2026-02-12
SEC EDGAR

Filing evidence summary

Mixed evidenceCoverage 4/5 core metrics

Operating margin changed -2.7 percentage points from the prior annual period.

Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.

Evidence signals

  • Operating margin compressed

    Operating margin changed -2.7 percentage points from the prior annual period.

    Why this surfaced

    Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.

  • 2 filing risk checks flagged

    Flagged areas: Solvency & liquidity.

    Why this surfaced

    The full financial analysis shows each value, threshold, and sector limitation.

  • Revenue expanded

    Latest reported annual revenue changed +3.7% from the prior reported annual observation.

    Why this surfaced

    Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.

Core trend metrics

Latest annual revenue growth
+3.7%
as of 2025-12-31
Latest annual operating margin
15.8%
as of 2025-12-31
Debt / equity
9.30x
as of 2025-12-31
ROIC snapshot
28.8%
period varies

Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.

Where to look next

Risk checks

2of 11 rule-based checks flagged
  • Solvency & liquidity

Financial movement

  • Cash→ flat
  • Long-term debt→ flat
  • Inventory→ flat
  • Receivables→ flat
  • Current assets→ flat

Source & freshness

Source
SEC EDGAR XBRL
Fetched
2026-09-06
Latest period end
2025-12-31
Filings
EDGAR ↗

Reported segment mix

figures as filed · share of the filed sum · change vs the prior period in the same filing
Fiscal year ending 2025-12-3110-K filed 2026-02-12prior period 2024-12-31 from the same filingView filing
By business segment
Revenue
  • Insights$5.07B
    78.1%
    +5.0% yoy
  • Conferences$645M
    9.9%
    +10.5% yoy
  • Consulting$552M
    8.5%
    -1.1% yoy
  • Other Reportable Segment$227M
    3.5%
    -23.3% yoy

Members sum to the consolidated $6.5B for this period.

By product or service
Revenue
  • Insights$5.07B
    78.1%
    +5.0% yoy
  • Conferences$645M
    9.9%
    +10.5% yoy
  • Consulting$552M
    8.5%
    -1.1% yoy
  • Product And Service Other$227M
    3.5%
    -23.3% yoy

Members sum to the consolidated $6.5B for this period.

By geography
Revenue
  • United States And Canada$4.03B
    62.1%
    +0.4% yoy
  • Europe Middle East Africa$1.69B
    26.1%
    +11.6% yoy
  • Other International$771M
    11.9%
    +5.3% yoy

Members sum to the consolidated $6.5B for this period.

Latest quarter
Quarter ending 2026-03-3110-Q filed 2026-05-05prior period 2025-03-31 from the same filingView filing
  • Insights$1.29B
    85.6%
    +3.1% yoy
  • Consulting$119M
    7.9%
    -14.7% yoy
  • Conferences$78.3M
    5.2%
    +7.9% yoy
  • Other Reportable Segment$19.4M
    1.3%
    -70.7% yoy

Change is against the same quarter a year earlier, as reported in the same 10-Q.

Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.

Peer percentiles

latest fiscal year ending 2025-12-31 · among 4,096 US-listed filers · 320 in Industrials
MetricValuevs all filersvs sector
Revenue
latest fiscal-year revenue as filed
$6.5B
83rdof 3,301
top third
78thof 305
top third
Revenue growth
latest fiscal-year revenue vs the prior fiscal year
3.7%
41stof 3,135
middle third
50thof 294
middle third
Gross margin
gross profit ÷ revenue
68.8%
84thof 1,603
top third
96thof 167
top third
Operating margin
operating income ÷ revenue
15.8%
79thof 2,819
top third
85thof 280
top third
Net margin
net income ÷ revenue
11.2%
73rdof 3,263
top third
84thof 299
top third
Return on equity
net income ÷ stockholders' equity (positive equity only)
227.9%
99thof 3,577
top third
100thof 281
top third
Stock comp ÷ revenue
stock-based compensation ÷ revenue · lower is ranked higher
2.4%
49thof 2,895
middle third
26thof 266
bottom third
Days sales outstanding
receivables ÷ revenue × 365 · lower is ranked higher
95 days
13thof 2,398
bottom third
7thof 238
bottom third
Net debt ÷ operating cash flow
net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher
1.0×
65thof 1,547
middle third
70thof 149
top third
Cash conversion
operating cash flow ÷ net income (net income > 0)
1.8×
59thof 2,108
middle third
57thof 193
middle third
Cash-flow accrual ratio
(net income − operating cash flow) ÷ average total assets · lower is ranked higher
-6.8%
64thof 3,193
middle third
68thof 255
top third
Balance-sheet accrual ratio
change in net operating assets ÷ average net operating assets · lower is ranked higher
-18.0%
83rdof 2,719
top third
84thof 198
top third

Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.

Earnings quality

latest fiscal year ending 2025-12-31 · accruals and cash conversion as filed
Cash conversion
1.77×
operating cash flow ÷ net income, latest fiscal year
Cash-flow accrual ratio
-6.8%
(net income − operating cash flow) ÷ average total assets
Balance-sheet accrual ratio
-18.0%
change in net operating assets ÷ average net operating assets
Cash-backed years
5 of 5
fiscal years where operating cash flow met or exceeded net income
Mean cash conversion
1.46×
across the stored fiscal years with positive net income

Per fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.

Point-in-time ledger

first-reported vs latest filing · periods since 2020-01-01 · 0 changed periods

No period on file has changed between its first report and the latest filing carrying it.

First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.

Notes by disclosure type

debt, leases, revenue, segments, contingencies, taxes and more · the filer's own words
Latest annual report10-K FY2025 · filed 20260212View filing
Commitments and contingencies · 1,533 characters as filed

Contingencies Legal Matters. The Company is involved in legal proceedings, claims and compliance matters arising in the ordinary course of business. The Company records a provision in its consolidated financial statements when it is determined that an unfavorable outcome in one of these matters is probable and the amount of the loss can be reasonably estimated. The Company believes that the potential liability, if any, in excess of amounts already accrued for these contingencies will not have a material effect on its financial position, cash flows or results of operations when resolved in a future period. Indemnifications. The Company has various agreements that may obligate it to indemnify the other party with respect to certain matters. Generally, these indemnification clauses are included in contracts arising in the normal course of business under which the Company customarily agrees to hold the other party harmless against losses arising from a breach of representations related to matters such as title to assets sold and licensed or certain intellectual property rights. It is not possible to predict the maximum potential amount of future payments under these indemnification agreements due to the conditional nature of the Companys obligations and the unique facts of each particular agreement. Historically, payments made by the Company under these agreements have not been material. As of December 31, 2025, the Company did not have any material payment obligations under any

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Debt · 8,673 characters as filed

Debt The Companys total outstanding borrowings are summarized in the table below (in thousands). December 31, Description 2025 2024 2024 Credit Agreement - Revolving credit facility (1) $ $ 274,400 4.50% Senior Notes due 2028 (2028 Notes) 800,000 800,000 3.63% Senior Notes due 2029 (2029 Notes) 600,000 600,000 3.75% Senior Notes due 2030 (2030 Notes) 800,000 800,000 4.95% Senior Notes due 2031 (2031 Notes) 350,000 5.60% Senior Notes due 2035 (2035 Notes) 450,000 Other (2) 5,000 5,000 Principal amount outstanding (3) 3,005,000 2,479,400 Less: Deferred financing fees and unamortized discounts (4) (23,326) (19,485) Net balance sheet carrying amount $ 2,981,674 $ 2,459,915 (1) The Company had approximately $1.0 billion of available borrowing capacity on the 2024 Credit Agreement revolver (not including the expansion feature) as of December 31, 2025. (2) Consists of a State of Connecticut economic development loan originated in 2019 with a 10-year maturity and bears interest at a fixed rate of 1.75%. The Company expects to repay the loan in 2026. (3) The weighted average annual effective rate on the Companys outstanding debt for 2025, including the effects of its interest rate swaps discussed below, was 4.66%. (4) Deferred financing fees and unamortized discounts and are being amortized to Interest expense over the term of the related debt obligation. 2024 Credit Agreement On March 26, 2024, the Company entered into a Credit Agreement (the 2024 Credit Agreement) among the Company,

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Revenue disaggregation · 1,449 characters as filed

By Timing of Revenue Recognition Year Ended December 31, 2025 Timing of Revenue Recognition Insights Conferences Consulting Other Total Transferred over time (1) $ 5,062,390 $ $ 398,551 $ 1,463 $ 5,462,404 Transferred at a point in time (2) 10,180 644,743 153,948 225,951 1,034,822 Total revenues $ 5,072,570 $ 644,743 $ 552,499 $ 227,414 $ 6,497,226 Year Ended December 31, 2024 Timing of Revenue Recognition Insights Conferences Consulting Other Total Transferred over time (1) $ 4,818,254 $ $ 420,160 $ 2,689 $ 5,241,103 Transferred at a point in time (2) 10,797 583,224 138,377 293,910 1,026,308 Total revenues $ 4,829,051 $ 583,224 $ 558,537 $ 296,599 $ 6,267,411 Year Ended December 31, 2023 Timing of Revenue Recognition Insights Conferences Consulting Other Total Transferred over time (1) $ 4,502,783 $ 400,171 3,838 $ 4,906,792 Transferred at a point in time (2) 13,252 505,164 114,575 367,173 1,000,164 Total revenues $ 4,516,035 $ 505,164 $ 514,746 $ 371,011 $ 5,906,956 (1) Insights revenues were recognized in connection with performance obligations that were satisfied over time using a time-elapsed output method to measure progress. Consulting revenues were recognized over time using labor hours as an input measurement basis. (2) The revenues in this category were recognized in connection with performance obligations that were satisfied at the point in time that the contractual deliverables were provided to the customer.

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Share-based compensation · 10,681 characters as filed

Stock-Based Compensation The Company grants stock-based compensation awards as an incentive for employees and directors to contribute to the Companys long-term success. The Company currently awards stock-settled stock appreciation rights, service-based and performance-based restricted stock units, and common stock equivalents. As of December 31, 2025, the Company had 5.2 million shares of its common stock, par value $0.0005 per share, (the Common Stock) available for stock-based compensation awards under its Long-Term Incentive Plan as amended and restated in June 2023 (the Plan). Currently, the Company issues treasury shares upon the exercise, release or settlement of stock-based compensation awards. Determining the appropriate fair value model and calculating the fair value of stock-based compensation awards requires the use of certain subjective assumptions, including the expected life of a stock-based compensation award and Common Stock price volatility. In addition, determining the appropriate periodic stock-based compensation expense requires management to estimate the likelihood of the achievement of certain performance targets. The assumptions used in calculating the fair values of stock-based compensation awards and the related periodic expense represent managements best estimates, which involve inherent uncertainties and the application of judgment. As a result, if circumstances change and the Company deems it necessary in the future to modify the assumptions it mad

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair value · 8,097 characters as filed

"Fair Value Disclosures The Companys financial instruments include cash equivalents, fees receivable from customers, accounts payable and accrued liabilities, all of which are normally short-term in nature. The Company believes that the carrying amounts of these financial instruments reasonably approximate their fair values due to their short-term nature. The Companys financial instruments also include its outstanding variable-rate borrowings under the 2024 Credit Agreement. The Company believes that the carrying amounts of its variable-rate borrowings reasonably approximate their fair values because the rates of interest on those borrowings reflect current market rates of interest for similar instruments with comparable maturities. The Company enters into a limited number of derivatives transactions but does not enter into repurchase agreements, securities lending transactions or master netting arrangements. Receivables or payables that result from derivatives transactions are recorded gross in the Consolidated Balance Sheets. FASB ASC Topic 820 (""ASC 820"") provides a framework for the measurement of fair value and a valuation hierarchy based on the transparency of inputs used in the valuation of assets and liabilities. Classification within the valuation hierarchy is based on the lowest level of input that is significant to the resulting fair value measurement. The valuation hierarchy contains three levels. Level 1 measurements consist of quoted prices in active markets f

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and intangibles · 2,614 characters as filed

Goodwill and Intangible Assets Goodwill. The table below presents changes to the carrying amount of goodwill by segment during the two-year period ended December 31, 2025 (in thousands). Insights Conferences Consulting Other Total Balance at December 31, 2023 $ 2,460,448 $ 183,997 $ 95,714 $ 197,101 $ 2,937,260 Additions due to an acquisition Foreign currency translation impact (6,568) (77) (410) (7,055) Balance at December 31, 2024 2,453,880 183,920 95,304 197,101 2,930,205 Impairment loss (1) (150,000) (150,000) Reclassified as held-for-sale (2) (49,057) (49,057) Foreign currency translation impact 6,435 132 1,131 1,956 9,654 Balance at December 31, 2025 $ 2,460,315 $ 184,052 $ 96,435 $ $ 2,740,802 Accumulated impairment loss (1) $ $ $ $ (150,000) $ (150,000) (1) The Company recognized an impairment loss of $150.0 million during the year ended December 31, 2025. (2) Represents amounts reclassified to Assets held-for-sale due to the pending divestiture of the Companys Digital Markets business. See Note 19 Subsequent Events for additional information. Finite-lived intangible assets. Changes in finite-lived intangible assets during the two-year period ended December 31, 2025 are presented in the tables below (in thousands). December 31, 2025 Customer Relationships Other Total Gross cost at December 31, 2024 1,071,917 10,200 $ 1,082,117 Intangible assets fully amortized (73,589) (73,589) Foreign currency translation impact 23,429 23,429 Gross cost 1,021,757 10,200 1,031,957 Acc

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income taxes · 12,501 characters as filed

Income Taxes Below is a summary of the components of the Companys income before income taxes for the years ended December 31 (in thousands). 2025 2024 2023 U.S. $ 302,391 $ 629,656 $ 574,458 Non-U.S. 665,727 757,718 572,671 Income before income taxes $ 968,118 $ 1,387,374 $ 1,147,129 The components of the expense (benefit) for income taxes on the above income are summarized in the table below (in thousands). 2025 2024 2023 Current tax expense: U.S. federal $ 104,476 $ 161,155 $ 171,917 State and local 36,615 48,084 51,441 Foreign 95,788 88,318 107,421 Total current 236,879 297,557 330,779 Deferred tax (benefit) expense: U.S. federal (9,578) (31,708) (35,457) State and local (1,834) 963 (13,475) Foreign 17,386 (128,291) (12,845) Total deferred 5,974 (159,036) (61,777) Total current and deferred 242,853 138,521 269,002 Expense relating to interest rate swaps used to increase equity (3,405) (4,695) (4,976) Benefit from stock transactions with employees used to increase equity 113 97 105 Benefit (expense) relating to defined-benefit pension adjustments used to increase equity (674) (264) 532 Total tax expense $ 238,887 $ 133,659 $ 264,663 The components of long-term deferred tax assets (liabilities) are summarized in the table below (in thousands). December 31, 2025 2024 Accrued liabilities $ 110,054 $ 86,831 Operating leases 32,590 41,777 Intangible assets 132,292 Property, equipment and leasehold improvements 5,480 11,592 Loss and credit carryforwards 191,660 61,313 Assets rela

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases · 10,874 characters as filed

Leases The Companys leasing activities are primarily for facilities under cancelable and non-cancelable lease agreements expiring during 2026 and through 2038. These facilities support the Companys executive and administrative activities, insights and consulting, sales, systems support, operations, and other functions. The Company also has leases for office equipment and other assets, which are not significant. Certain of the Companys lease agreements include (i) renewal options to extend the lease term for up to ten years and/or (ii) options to terminate the agreement within one year. Additionally, certain of the Companys lease agreements provide standard recurring escalations of lease payments for, among other things, increases in a lessors maintenance costs and taxes. Under some lease agreements, the Company may be entitled to allowances, free rent, lessor-financed tenant improvements and other incentives. The Companys lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company subleases certain office space that it does not intend to occupy. Such sublease arrangements expire during 2026 and through 2032 and primarily relate to facilities in Arlington, Virginia. Certain of the Companys sublease agreements: (i) include renewal and termination options; (ii) provide for customary escalations of lease payments in the normal course of business; and (iii) grant the subtenant certain allowances, free rent, Gartner-financed

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

New accounting pronouncements · 5,467 characters as filed

Adoption of new accounting standard . The Company adopted the accounting standard described below during 2025. Income Taxes In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures (ASU No. 2023-09). The amendments in this ASU are expected to enhance the transparency and decision usefulness of income tax disclosures. ASU 2023-09 requires entities to enhance income tax disclosures primarily related to the rate reconciliation and income taxes paid information. Companies will need to disaggregate the disclosure of income taxes paid (net of refunds received) by federal, state, and foreign taxes on an annual basis. Additionally, on an annual basis, companies would disclose income taxes paid disaggregated by individual jurisdiction using a quantitative threshold of 5% of total income taxes paid. Public business entities would also be required to provide, on an annual basis, rate reconciliation information by specific categories, including state and local income tax, the effect of cross-border tax laws, foreign tax effects, changes in prior year unrecognized tax benefits, and tax credits, among others. Additionally, some categories would then require disaggregation based on a quantitative threshold of 5%. The foreign tax effect category requires disaggregation by both jurisdiction and nature. The ASU also requires additional qualitative disclosures. All public entities will be required to report income tax information in accordance with the new guidance

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Pensions and post-retirement benefits · 8,034 characters as filed

Employee Benefits Defined contribution plans. The Company has savings and investment plans (the 401(k) Plans) covering substantially all U.S. employees. Company contributions are based on the level of employee contributions, up to a maximum of 4% of an employees eligible salary, subject to an annual maximum. For 2025, the maximum Company match was $7,200. Amounts expensed in connection with the 401(k) Plans totaled $58.4 million, $57.5 million and $56.0 million in 2025, 2024 and 2023, respectively. Deferred compensation plans. The Company has supplemental deferred compensation plans for the benefit of certain highly compensated officers, managers and other key employees. The plans investment assets are recorded at fair value in Other assets on the Consolidated Balance Sheets. The value of those assets was $175.1 million and $146.8 million at December 31, 2025 and 2024, respectively (see Note 14 Fair Value Disclosures for fair value information). The related deferred compensation plan liabilities, which were $178.3 million and $148.6 million at December 31, 2025 and 2024, respectively, are carried at fair value and are adjusted with a corresponding charge or credit to compensation expense to reflect the fair value of the amount owed to the employees. Deferred compensation plan liabilities are recorded in Other liabilities on the Consolidated Balance Sheets. Compensation expense recognized for all of the Companys deferred compensation plans was $1.3 million, $2.3 million and $2

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Revenue recognition · 14,842 characters as filed

Revenue and Related Matters Our Business and Revenues Gartner delivers its products and services globally through three reportable segments Insights, Conferences and Consulting, as described below. Insights Insights revenues are derived from subscription contracts for insights products, representing substantially all of the segments revenue. The related revenues are deferred and recognized ratably over the applicable contract term (i.e., as services are provided over the contract period). The Company enters into subscription contracts for published products that generally are for twelve-month periods or longer. Historically, approximately 80% to 85% of the Companys annual and multi-year Insights subscription contracts provide for billing of the first full service period upon signing. In subsequent years, multi-year subscription contracts are normally billed prior to the contracts anniversary date. Other Insights subscription contracts are usually invoiced in advance, commencing with the contract signing, on (i) a quarterly, monthly or other recurring basis or (ii) in accordance with a customized invoicing schedule. Insights contracts are generally non-cancelable and non-refundable, except for government contracts that may have cancellation or fiscal funding clauses, which have not historically resulted in material cancellations. When a subscription contract is invoiced, the Company records the billable amount as a fee receivable, representing its legally enforceable right to

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segment reporting · 6,324 characters as filed

Segment Information The Companys products and services are delivered through three reportable segments Insights, Conferences and Consulting, as described below. Insights equips executives and their teams from every major function, geography, industry and sector with actionable, objective insights, guidance and tools. Our experts deliver proprietary insights that are informed by thoroughly vetted practitioner-sourced and data-driven research to help our clients address their mission-critical priorities. Conferences provides executives and teams across an organization the opportunity to learn, share and network. From our Gartner Symposium/Xpo series, to industry-leading conferences focused on specific business roles and topics, to peer-driven sessions, our offerings enable attendees to experience the best of Gartner insights and guidance. Consulting serves senior executives leading technology-driven strategic initiatives leveraging the power of Gartners actionable, objective insight. Through custom analysis and on-the-ground support we enable optimized technology investments and stronger performance on our clients mission-critical priorities. The Company's Chief Executive Officer is its chief operating decision maker (CODM). The CODM evaluates segment performance and allocates resources based on gross contribution. Gross contribution, as presented in the tables below, is defined as operating income or loss excluding certain Cost of services and product development expenses, Sel

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Stockholders' equity · 4,357 characters as filed

Stockholders Equity Common stock. Holders of Gartners common stock, par value $0.0005 per share, are entitled to one vote per share on all matters to be voted by stockholders. The Company does not currently pay cash dividends on its common stock. Also, the 2024 Credit Agreement contains a negative covenant that may limit the Companys ability to pay dividends. The table below summarizes transactions relating to the Companys common stock for the three years ended December 31, 2025. Issued Shares Treasury Stock Shares Balance at December 31, 2022 163,602,067 84,428,513 Issuances under stock plans (975,745) Purchases for treasury (1) 1,811,758 Balance at December 31, 2023 163,602,067 85,264,526 Issuances under stock plans (666,193) Purchases for treasury (1) 1,623,881 Balance at December 31, 2024 163,602,067 86,222,214 Issuances under stock plans (511,759) Purchases for treasury (1) 7,042,314 Balance at December 31, 2025 163,602,067 92,752,769 (1) The Company used a total of $2.0 billion, $0.7 billion and $0.6 billion in cash for share repurchases during 2025, 2024 and 2023, respectively. Share repurchase authorization. In 2015, the Companys Board of Directors (the Board) authorized a share repurchase program to repurchase up to $1.2 billion of the Companys common stock. From February 2021 to September 2025, the Board authorized incremental share repurchases of up to an aggregate additional $5.8 billion of the Companys common stock. $0.7 billion remained available as of December

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Subsequent events · 1,206 characters as filed

Subsequent Events On January 29, 2026, the Company's Board of Directors authorized incremental share repurchases of up to an additional $500 million of Gartner's common stock. This authorization is in addition to the previously authorized repurchases of up to $7.0 billion, which as of the end of December 2025 had approximately $750 million remaining. On January 29, 2026, the Company entered into a definitive agreement to sell its Digital Markets business. As of December 31, 2025, the assets and liabilities of Digital Markets were considered held for sale, resulting in $106.4 million of assets held for sale and $20.5 million of liabilities held for sale on the Consolidated Balance Sheet. The majority of the held for sale assets were goodwill, property, equipment and leasehold improvements, net and accounts receivable, with carrying amounts of $49.1 million, $26.3 million and $25.2 million, respectively, while the majority of the held for sale liabilities was accounts payable and accrued liabilities, with a carrying amount of $14.2 million. On February 5, 2026, the Company completed the sale of Digital Markets for approximately $110.0 million, prior to customary purchase price adjustments.

SubsequentEventsTextBlock

Latest quarterly report10-Q FY2025 Q3 · filed 20251104View filing
Commitments and contingencies · 1,534 characters as filed

Contingencies Legal Matters. The Company is involved in legal proceedings, claims and compliance matters arising in the ordinary course of business. The Company records a provision in its consolidated financial statements when it is determined that an unfavorable outcome in one of these matters is probable and the amount of the loss can be reasonably estimated. The Company believes that the potential liability, if any, in excess of amounts already accrued for these contingencies will not have a material effect on its financial position, cash flows or results of operations when resolved in a future period. Indemnifications. The Company has various agreements that may obligate it to indemnify the other party with respect to certain matters. Generally, these indemnification clauses are included in contracts arising in the normal course of business under which the Company customarily agrees to hold the other party harmless against losses arising from a breach of representations related to matters such as title to assets sold and licensed or certain intellectual property rights. It is not possible to predict the maximum potential amount of future payments under these indemnification agreements due to the conditional nature of the Companys obligations and the unique facts of each particular agreement. Historically, payments made by the Company under these agreements have not been material. As of September 30, 2025, the Company did not have any material payment obligations under any

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Debt · 8,269 characters as filed

Debt The Companys total outstanding borrowings are summarized in the table below (in thousands). September 30, December 31, Description 2025 2024 2024 Credit Agreement - Revolving facility (1), (2) $ 274,400 $ 274,400 4.50% Senior Notes due 2028 (2028 Notes) 800,000 800,000 3.625% Senior Notes due 2029 (2029 Notes) 600,000 600,000 3.75% Senior Notes due 2030 (2030 Notes) 800,000 800,000 Other (3) 5,000 5,000 Principal amount outstanding (4) 2,479,400 2,479,400 Less: deferred financing fees (5) (16,360) (19,485) Net balance sheet carrying amount $ 2,463,040 $ 2,459,915 (1) The contractual annualized interest rate as of September 30, 2025 on the 2024 Credit Agreement was 5.538%, which consisted of Term Secured Overnight Financing Rate (SOFR) of 4.188% plus a margin of 1.350%. (2) The Company had approximately $0.7 billion of available borrowing capacity on the 2024 Credit Agreement revolver (not including the expansion feature) as of September 30, 2025. (3) Consists of a State of Connecticut economic development loan originated in 2019 with a 10-year maturity and bears interest at a fixed rate of 1.75%. This loan may be repaid at any time by the Company without penalty. (4) The weighted average annual effective rate on the Companys outstanding debt for the three and nine months ended September 30, 2025, including the effects of its interest rate swaps discussed below, was 4.77% and 4.84%, respectively. (5) Deferred financing fees are being amortized to Interest expense, net ove

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Revenue disaggregation · 1,836 characters as filed

By Timing of Revenue Recognition Three Months Ended September 30, 2025 Timing of Revenue Recognition Insights Conferences Consulting Other Total Transferred over time (1) $ 1,268,460 $ $ 94,043 $ 465 $ 1,362,968 Transferred at a point in time (2) 2,264 74,554 29,530 54,756 161,104 Total revenues $ 1,270,724 $ 74,554 $ 123,573 $ 55,221 $ 1,524,072 Three Months Ended September 30, 2024 Timing of Revenue Recognition Insights Conferences Consulting Other Total Transferred over time (1) $ 1,205,568 $ $ 101,246 $ 614 $ 1,307,428 Transferred at a point in time (2) 3,956 75,776 26,376 70,770 176,878 Total revenues $ 1,209,524 $ 75,776 $ 127,622 $ 71,384 $ 1,484,306 Nine Months Ended September 30, 2025 Timing of Revenue Recognition Insights Conferences Consulting Other Total Transferred over time (1) $ 3,781,197 $ $ 308,077 $ 1,227 $ 4,090,501 Transferred at a point in time (2) 8,601 358,558 110,796 176,200 654,155 Total revenues $ 3,789,798 $ 358,558 $ 418,873 $ 177,427 $ 4,744,656 Nine Months Ended September 30, 2024 Timing of Revenue Recognition Insights Conferences Consulting Other Total Transferred over time (1) $ 3,573,963 $ $ 316,417 $ 2,113 $ 3,892,493 Transferred at a point in time (2) 8,275 331,929 88,874 230,721 659,799 Total revenues $ 3,582,238 $ 331,929 $ 405,291 $ 232,834 $ 4,552,292 (1) Insights revenues in this category are recognized in connection with performance obligations that are satisfied over time using a time-elapsed output method to measure progress. Consult

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Share-based compensation · 1,652 characters as filed

Stock-Based Compensation The Company grants stock-based compensation awards as an incentive for employees and directors to contribute to the Companys long-term success. The Company currently awards stock-settled stock appreciation rights, service-based and performance-based restricted stock units, and common stock equivalents. As of September 30, 2025, the Company had 5.2 million shares of its common stock, par value $0.0005 per share, (the Common Stock) available for stock-based compensation awards under the Gartner, Inc. Long-Term Incentive Plan as amended and restated in June 2023 (the Plan). The tables below summarize the Companys stock-based compensation expense by award type and expense category line item during the periods indicated (in millions). Three Months Ended Nine Months Ended September 30, September 30, Award type 2025 2024 2025 2024 Stock appreciation rights $ 2.8 $ 3.0 $ 10.2 $ 10.6 Restricted stock units 27.5 31.2 112.8 113.2 Common stock equivalents 0.2 0.2 0.7 0.8 Total (1) $ 30.5 $ 34.4 $ 123.7 $ 124.6 Three Months Ended Nine Months Ended September 30, September 30, Expense category line item 2025 2024 2025 2024 Cost of services and product development $ 11.5 $ 13.8 $ 49.0 $ 48.6 Selling, general and administrative 19.0 20.6 74.7 76.0 Total (1) $ 30.5 $ 34.4 $ 123.7 $ 124.6 (1) Includes costs of $11.0 million and $12.9 million during the three months ended September 30, 2025 and 2024, respectively, and $58.0 million and $61.9 million during the nine month

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair value · 7,157 characters as filed

Fair Value Disclosures The Companys financial instruments include cash equivalents, fees receivable from customers, accounts payable and accrued liabilities, all of which are normally short-term in nature. The Company believes that the carrying amounts of these financial instruments reasonably approximate their fair values due to their short-term nature. The Companys financial instruments also include its outstanding variable-rate borrowings under the 2024 Credit Agreement. The Company believes that the carrying amounts of its variable-rate borrowings reasonably approximate their fair values because the rates of interest on those borrowings reflect current market rates of interest for similar instruments with comparable maturities. The Company enters into a limited number of derivatives transactions but does not enter into repurchase agreements, securities lending transactions or master netting arrangements. Receivables or payables that result from derivatives transactions are recorded gross in the Companys Condensed Consolidated Balance Sheets. FASB ASC Topic 820 provides a framework for the measurement of fair value and a valuation hierarchy based on the transparency of inputs used in the valuation of assets and liabilities. Classification within the valuation hierarchy is based on the lowest level of input that is significant to the resulting fair value measurement. The valuation hierarchy contains three levels. Level 1 measurements consist of quoted prices in active marke

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and intangibles · 4,381 characters as filed

Goodwill and Intangible Assets Goodwill Goodwill represents the excess of the purchase price of acquired businesses over the estimated fair values of the tangible and identifiable intangible net assets acquired. Evaluations of the recoverability of goodwill are performed in accordance with FASB ASC Topic 350, which requires an annual assessment of potential goodwill impairment at the reporting unit level and whenever events or changes in circumstances indicate that the carrying value of goodwill may not be recoverable. When performing the annual assessment of the recoverability of goodwill, the Company initially performs a qualitative analysis evaluating whether any events or circumstances occurred or exist that provide evidence that it is more likely than not that the fair value of any of the Companys reporting units is less than the related carrying amount. If the Company does not believe that it is more likely than not that the fair value of any of the Companys reporting units is less than the related carrying amount, then no quantitative impairment test is performed. However, if the results of the qualitative assessment indicate that it is more likely than not that the fair value of a reporting unit is less than its respective carrying amount, then a quantitative impairment test is performed. Evaluating the recoverability of goodwill requires judgments and assumptions regarding future trends and events. As a result, both the precision and reliability of the estimates are

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income taxes · 2,569 characters as filed

Income Taxes The provision for income taxes was $34.1 million and $111.8 million for the three months ended September 30, 2025 and 2024, respectively. The effective income tax rate was 49.1% and 21.2% for the three months ended September 30, 2025 and 2024, respectively. The increase in the effective income tax rate in the current period was primarily due to the impact of the goodwill impairment, which is not deductible for tax purposes. The provision for income taxes was $167.2 million and $230.6 million for the nine months ended September 30, 2025 and 2024, respectively. The effective income tax rate was 25.6% and 21.2% for the nine months ended September 30, 2025 and 2024, respectively. The increase in the effective income tax rate was primarily due to the same factor that caused the year-over-year quarterly increase. The Company had gross unrecognized tax benefits of $287.2 million on September 30, 2025 and $257.5 million on December 31, 2024. On July 4, 2025, the One Big Beautiful Bill Act (the OBBBA) was enacted in the U.S. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. OBBBA did not have a material impact on the Companys consolidated

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases · 4,703 characters as filed

Leases The Companys leasing activities are primarily for facilities under cancelable and non-cancelable lease agreements expiring during 2025 and through 2038. These facilities support our executive and administrative activities, sales, systems support, operations, and other functions. The Company also has leases for office equipment and other assets, which are not significant. Certain of these lease agreements include (i) renewal options to extend the lease term for up to ten years and/or (ii) options to terminate the agreement within one year. Additionally, certain of the Companys lease agreements provide standard recurring escalations of lease payments for, among other things, increases in a lessors maintenance costs and taxes. Under some lease agreements, the Company may be entitled to allowances, free rent, lessor-financed tenant improvements and other incentives. The Companys lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company subleases certain office space that it does not intend to occupy. Such sublease arrangements expire during 2026 and through 2032 and primarily relate to facilities in Arlington, Virginia. Certain of the Companys sublease agreements: (i) include renewal and termination options; (ii) provide for customary escalations of lease payments in the normal course of business; and (iii) grant the subtenant certain allowances, free rent, Gartner-financed tenant improvements and other incentives

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

New accounting pronouncements · 6,621 characters as filed

Adoption of new accounting standard . The Company adopted the accounting standard described below during 2024. Segment Reporting In November 2023, the FASB issued ASU 2023-07, Segment Reporting: Improvements in Reportable Segment Disclosures (ASU 2023-07). The amendments in the ASU are expected to improve disclosures about a public entitys reportable segments and addresses requests from investors and other allocators of capital for additional, more detailed information about a reportable segments expenses. ASU 2023-07 requires public companies to disclose, on an annual and interim basis, significant expenses that are regularly provided to the chief operating decision maker (CODM) and included within each reported measure of segment profit and loss. The amendments in the ASU require that a public company provide all annual disclosures about a reportable segments profit or loss and assets currently required under ASC 280 in interim periods. The amendments in the ASU also require that a public entity disclose, on an annual and interim basis, an amount for other segment items by reportable segment and a description of its composition. The other segment items category is the difference between segment revenue less the significant expenses disclosed and each reported measure of segment profit or loss. The amendments in the ASU, among other items, also require that a public company disclose the title and position of the CODM and an explanation of how the CODM uses the reported measu

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Revenue recognition · 7,282 characters as filed

Revenue and Related Matters Disaggregated Revenue The Companys disaggregated revenue by reportable segment is presented in the tables below for the periods indicated (in thousands). By Primary Geographic Market (1) Three Months Ended September 30, 2025 Primary Geographic Market Insights Conferences Consulting Other Total United States and Canada $ 770,945 $ 11,433 $ 78,299 $ 46,891 $ 907,568 Europe, Middle East and Africa 340,492 39,356 32,987 5,892 418,727 Other International 159,287 23,765 12,287 2,438 197,777 Total revenues $ 1,270,724 $ 74,554 $ 123,573 $ 55,221 $ 1,524,072 Three Months Ended September 30, 2024 Primary Geographic Market Insights Conferences Consulting Other Total United States and Canada $ 777,405 $ 8,191 $ 79,448 $ 58,790 $ 923,834 Europe, Middle East and Africa 288,649 40,486 30,637 9,267 369,039 Other International 143,470 27,099 17,537 3,327 191,433 Total revenues $ 1,209,524 $ 75,776 $ 127,622 $ 71,384 $ 1,484,306 Nine Months Ended September 30, 2025 Primary Geographic Market Insights Conferences Consulting Other Total United States and Canada $ 2,342,406 $ 205,302 $ 261,042 $ 149,069 $ 2,957,819 Europe, Middle East and Africa 977,139 103,793 108,086 20,762 1,209,780 Other International 470,253 49,463 49,745 7,596 577,057 Total revenues $ 3,789,798 $ 358,558 $ 418,873 $ 177,427 $ 4,744,656 Nine Months Ended September 30, 2024 Primary Geographic Market Insights Conferences Consulting Other Total United States and Canada $ 2,313,152 $ 187,400 $ 248,930

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segment reporting · 6,050 characters as filed

Segment Information The Companys products and services are delivered through three reportable segments Business and Technology Insights, or Insights, Conferences and Consulting, as described below. Insights equips executives and their teams from every function and across all industries with actionable, objective business and technology insights, guidance and tools. Our experienced experts deliver all this value informed by an unmatched combination of practitioner-sourced and data-driven research to help our clients address their mission critical priorities. Conferences provides executives and teams across an organization the opportunity to learn, share and network. From our Gartner Symposium/Xpo series, to industry-leading conferences focused on specific business roles and topics, to peer-driven sessions, our offerings enable attendees to experience the best of Gartner insights and guidance. Consulting serves senior executives leading technology-driven strategic initiatives leveraging the power of Gartners actionable, objective insights. Through custom analysis and on-the-ground support we enable optimized technology investments and stronger performance on our clients mission critical priorities. The Company's Chief Executive Officer is its chief operating decision maker (CODM). The CODM evaluates segment performance and allocates resources based on gross contribution. Gross contribution, as presented in the tables below, is defined as operating income or loss excluding certa

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Stockholders' equity · 5,901 characters as filed

Equity Share Repurchase Authorization In 2015, the Companys Board of Directors (the Board) authorized a share repurchase program to repurchase up to $1.2 billion of the Companys common stock. The Board authorized incremental share repurchases of up to an aggregate additional $5.8 billion of the Companys common stock from February 2021 to September 2025, including $1.0 billion authorized in September 2025. As of September 30, 2025, $1.3 billion remained available under the share repurchase program. The Company may repurchase its common stock from time-to-time in amounts, at prices and in the manner that the Company deems appropriate, subject to the availability of stock, prevailing market conditions, the trading price of the stock, the Companys financial performance and other conditions. Repurchases may be made through open market purchases (which may include repurchase plans designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended), accelerated share repurchases, private transactions or other transactions and will be funded by cash on hand and borrowings. Repurchases may also be made from time-to-time in connection with the settlement of the Companys stock-based compensation awards. The Companys share repurchase activity is presented in the table below for the periods indicated. Three Months Ended Nine Months Ended September 30, September 30, 2025 2024 2025 2024 Number of shares repurchased (1) 3,955,033 136,319 4,915,661 1,404,628 Cash paid for

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Source: SEC DERA Financial Statement and Notes data sets (txt.tsv), excerpts of the filer's own note text; the full note is in the linked filing. Excerpts are the first part of each note exactly as tagged in the filing; open the filing for the full text and the tables. Descriptive and educational, not advice.

Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.

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