IT

MKT CAP:$11B

Gartner, Inc.

Market Cap

$11B

Technology·Information Technology Services·🇺🇸 United States·NYSE

Technology·IT Services·🇺🇸·NYSE

Stock Price

$148.60-$88.43 (-37.31%)

Apr 23, 2026

Company Details

Gartner, Inc. operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment de...

CEO

Eugene A. Hall

IPO Date

Oct 5, 1993

Website

www.gartner.com

Key Metrics TTM

Revenue

$6.5B

+3.7% YoY

Net Income

$729M

EPS (Diluted)

$9.65

Free Cash Flow

$1.2B

Revenue / Share

$90.11

Gross Margin

67.7%

Operating Margin

15.8%

Net Margin

11.2%

FCF Margin

18.1%

P/S

1.6x

P/E

14.5x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 12, 2026

$6.5B+3.7%EPS $9.65

Q4 2025

Feb 12, 2026

$1.8B+2.2%EPS $3.36

Q3 2025

Nov 4, 2025

$1.5B+2.7%EPS $0.47

Q2 2025

Aug 5, 2025

$1.7B+5.7%EPS $3.11

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$1.3B	$886M	$217M
Q2 22	$1.4B	$952M	$297M
Q3 22	$1.3B	$915M	$253M
Q4 22	$1.5B	$1.0B	$332M
Q1 23	$1.4B	$974M	$408M
Q2 23	$1.5B	$1.0B	$283M
Q3 23	$1.4B	$958M	$244M
Q4 23	$1.6B	$1.1B	$301M
Q1 24	$1.5B	$1.0B	$274M
Q2 24	$1.6B	$1.1B	$319M
Q3 24	$1.5B	$1.0B	$246M
Q4 24	$1.7B	$1.1B	$318M
Q1 25	$1.5B	$1.1B	$278M
Q2 25	$1.7B	$1.2B	$327M
Q3 25	$1.5B	$1.0B	$86M
Q4 25	$1.8B	$1.1B	$334M

Valuation

Quarter	P/S	P/E
Q1 22	2.2x	13.2x
Q2 22	2.1x	14.4x
Q3 22	2.0x	13.9x
Q4 22	1.9x	13.1x
Q1 23	1.9x	11.4x
Q2 23	1.8x	11.5x
Q3 23	1.8x	11.4x
Q4 23	1.8x	12.0x
Q1 24	1.8x	13.3x
Q2 24	1.7x	12.8x
Q3 24	1.7x	10.0x
Q4 24	1.7x	8.5x
Q1 25	1.7x	8.5x
Q2 25	1.7x	8.4x
Q3 25	1.6x	12.0x
Q4 25	1.6x	14.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$168M	$150M
Q2 22	$416M	$395M
Q3 22	$315M	$283M
Q4 22	$203M	$166M
Q1 23	$165M	$144M
Q2 23	$436M	$410M
Q3 23	$331M	$302M
Q4 23	$224M	$196M
Q1 24	$189M	$166M
Q2 24	$370M	$341M
Q3 24	$591M	$565M
Q4 24	$335M	$311M
Q1 25	$314M	$288M
Q2 25	$384M	$347M
Q3 25	$299M	$269M
Q4 25	$295M	$271M

Capital Expenditures

Quarter	CapEx
Q1 22	$17M
Q2 22	$21M
Q3 22	$32M
Q4 22	$38M
Q1 23	$21M
Q2 23	$26M
Q3 23	$28M
Q4 23	$28M
Q1 24	$23M
Q2 24	$29M
Q3 24	$26M
Q4 24	$24M
Q1 25	$26M
Q2 25	$36M
Q3 25	$29M
Q4 25	$24M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+14.4%	+19.0%
Q2 22	+17.9%	+20.9%
Q3 22	+15.2%	+16.5%
Q4 22	+15.2%	+4.6%
Q1 23	+11.6%	-4.3%
Q2 23	+9.2%	+13.0%
Q3 23	+5.8%	+8.0%
Q4 23	+5.4%	+9.6%
Q1 24	+4.5%	+19.8%
Q2 24	+6.1%	+4.6%
Q3 24	+5.4%	+6.4%
Q4 24	+8.1%	+8.8%
Q1 25	+4.2%	+4.8%
Q2 25	+5.7%	+6.5%
Q3 25	+2.7%	+16.1%
Q4 25	+2.2%	+1.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$32M	2.5%
Q2 22	$24M	1.8%
Q3 22	$21M	1.6%
Q4 22	$13M	0.9%
Q1 23	$45M	3.2%
Q2 23	$32M	2.1%
Q3 23	$27M	1.9%
Q4 23	$26M	1.6%
Q1 24	$51M	3.4%
Q2 24	$40M	2.5%
Q3 24	$34M	2.3%
Q4 24	$30M	1.8%
Q1 25	$50M	3.3%
Q2 25	$43M	2.6%
Q3 25	$31M	2.0%
Q4 25	$32M	1.8%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 22	—	$618M
Q2 22	—	$605M
Q3 22	—	$613M
Q4 22	—	$645M
Q1 23	—	$657M
Q2 23	—	$680M
Q3 23	—	$661M
Q4 23	—	$704M
Q1 24	—	$690M
Q2 24	—	$712M
Q3 24	—	$712M
Q4 24	—	$771M
Q1 25	—	$730M
Q2 25	—	$777M
Q3 25	$474M	$763M
Q4 25	$573M	$798M

Revenue Segments

Quarter	Consulting	Events	Research Segment
Q1 22	$116M	$10M	$1.1B
Q2 22	$121M	$114M	$1.1B
Q3 22	$107M	$77M	$1.1B
Q4 22	$138M	$188M	$1.2B
Q1 23	$127M	$65M	$1.2B
Q2 23	$126M	$169M	$1.2B
Q3 23	$133M	$57M	$1.2B
Q4 23	$128M	$214M	$1.2B
Q1 24	$135M	$70M	$1.3B
Q2 24	$143M	$186M	$1.3B
Q3 24	$128M	$76M	$1.3B
Q4 24	$153M	$251M	$1.3B
Q1 25	$140M	$73M	$1.3B
Q2 25	$156M	$211M	$1.3B

Revenue by Geography

Quarter	Europe Middle East Africa	Other International	United States And Canada
Q1 22	$297M	$149M	$817M
Q2 22	$311M	$153M	$913M
Q3 22	$290M	$159M	$883M
Q4 22	$338M	$161M	$1.0B
Q1 23	$311M	$163M	$935M
Q2 23	$331M	$160M	$1.0B
Q3 23	$322M	$170M	$917M
Q4 23	$369M	$171M	$1.0B
Q1 24	$334M	$177M	$962M
Q2 24	$369M	$171M	$1.1B
Q3 24	$369M	$191M	$924M
Q4 24	$445M	$193M	$1.1B
Q1 25	$363M	$177M	$994M
Q2 25	$428M	$202M	$1.1B
Q3 25	$419M	$198M	$908M
Q4 25	$484M	$194M	$1.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$456M	$0	$456M
Q2 22	$360M	$0	$360M
Q3 22	$529M	$0	$529M
Q4 22	$698M	$0	$698M
Q1 23	$894M	$0	$894M
Q2 23	$1.2B	$0	$1.2B
Q3 23	$1.2B	$0	$1.2B
Q4 23	$1.3B	$0	$1.3B
Q1 24	$1.2B	$0	$1.2B
Q2 24	$1.2B	$0	$1.2B
Q3 24	$1.8B	$0	$1.8B
Q4 24	$1.9B	$0	$1.9B
Q1 25	$2.1B	$0	$2.1B
Q2 25	$2.2B	$0	$2.2B
Q3 25	$1.4B	$0	$1.4B
Q4 25	$1.7B	$0	$1.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	83M	-1.0%	-6.9%
Q2 22	81M	-2.4%	-6.5%
Q3 22	80M	-1.2%	-5.6%
Q4 22	80M	+0.1%	-4.4%
Q1 23	80M	+0.2%	-3.2%
Q2 23	80M	-0.6%	-1.5%
Q3 23	80M	-0.4%	-0.7%
Q4 23	79M	-0.7%	-1.4%
Q1 24	79M	-0.0%	-1.7%
Q2 24	78M	-0.9%	-1.9%
Q3 24	78M	-0.4%	-2.0%
Q4 24	78M	+0.0%	-1.3%
Q1 25	78M	-0.3%	-1.5%
Q2 25	77M	-0.6%	-1.2%
Q3 25	75M	-3.1%	-3.8%
Q4 25	72M	-3.9%	-7.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$76.1K	17K
Q2 22	$82.9K	17K
Q3 22	$80.2K	17K
Q4 22	$77.2K	20K
Q1 23	$72.2K	20K
Q2 23	$77.1K	20K
Q3 23	$72.2K	20K
Q4 23	$78.4K	20K
Q1 24	$72.8K	20K
Q2 24	$78.8K	20K
Q3 24	$73.3K	20K
Q4 24	$81.5K	21K
Q1 25	$72.9K	21K
Q2 25	$80.1K	21K
Q3 25	$72.4K	21K
Q4 25	$86.6K	20K

Revenue / Employee