Gartner 10-Q 2026-06-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

☑			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
			For the quarterly period ended June 30, 2026
			OR
☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number 1-14443

Gartner, Inc.

(Exact name of Registrant as specified in its charter)

Delaware									04-3099750
(State or other jurisdiction of									(I.R.S. Employer
incorporation or organization)									Identification Number)
P.O. Box 10212									06902-7700
56 Top Gallant Road									(Zip Code)
Stamford,
Connecticut
(Address of principal executive offices)

Registrant’s telephone number, including area code: (203) 964-0096

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol			Name of each exchange on which registered
Common Stock, $.0005 par value per share			IT			New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer			☑						Accelerated filer			☐						Non-accelerated filer			☐
									Smaller reporting company			☐						Emerging growth company			☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

As of July 31, 2026, 63,148,976 shares of the registrant’s common shares were outstanding.

Table of Contents

			Page
PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS (Unaudited)
Condensed Consolidated Balance Sheets at June 30, 2026 and December 31, 2025			3
Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2026 and 2025			4
Condensed Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 30, 2026 and 2025			5
Condensed Consolidated Statements of Changes in Stockholders’ (Deficit) Equity for the Three and Six Months Ended June 30, 2026 and 2025			6
Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026 and 2025			7
Notes to Condensed Consolidated Financial Statements			8
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS			25
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK			37
ITEM 4. CONTROLS AND PROCEDURES			37
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS			38
ITEM 1A. RISK FACTORS			38
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS			38
ITEM 5. OTHER INFORMATION			38
ITEM 6. EXHIBITS			39

PART I. FINANCIAL INFORMATION

GARTNER, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Unaudited; in thousands, except share data)

			June 30,						December 31,
			2026						2025
Assets
Current assets:
Cash and cash equivalents			$	1,488,706					$	1,722,521
Fees receivable, net of allowances of $4,500 and $5,000, respectively			1,202,212						1,684,522
Deferred commissions			352,184						400,728
Prepaid expenses and other current assets			181,226						152,205
Assets held-for-sale			—						106,361
Total current assets			3,224,328						4,066,337
Property, equipment and leasehold improvements, net			199,250						214,183
Operating lease right-of-use assets			208,375						213,997
Goodwill			2,738,631						2,740,802
Intangible assets, net			294,434						336,303
Other assets			528,656						513,778
Total Assets			$	7,193,674					$	8,085,400
Liabilities and Stockholders’ (Deficit) Equity
Current liabilities:
Accounts payable and accrued liabilities			$	907,102					$	1,236,533
Deferred revenues			2,756,202						2,810,056
Current portion of long-term debt			—						5,000
Liabilities held-for-sale			—						20,503
Total current liabilities			3,663,304						4,072,092
Long-term debt, net of deferred financing fees			2,979,281						2,976,674
Operating lease liabilities			253,426						270,200
Other liabilities			465,008						446,526
Total Liabilities			7,361,019						7,765,492
Stockholders’ (Deficit) Equity
Preferred stock, $0.01 par value, 5,000,000 shares authorized; none issued or outstanding			—						—
Common stock, $0.0005 par value, 250,000,000 shares authorized; 163,602,067 shares issued for both periods			82						82
Additional paid-in capital			2,774,555						2,679,101
Accumulated other comprehensive loss, net			(52,419)						(41,015)
Accumulated earnings			7,220,080						6,722,238
Treasury stock, at cost, 99,197,399 and 92,752,769 common shares, respectively			(10,109,643)						(9,040,498)
Total Stockholders’ (Deficit) Equity			(167,345)						319,908
Total Liabilities and Stockholders’ (Deficit) Equity			$	7,193,674					$	8,085,400

See the accompanying notes to Condensed Consolidated Financial Statements.

GARTNER, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations

(Unaudited; in thousands, except per share data)

			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2026						2025						2026						2025
Revenues:
Insights			$	1,289,870					$	1,263,505					$	2,584,065					$	2,519,074
Conferences			244,157						211,407						322,482						284,004
Consulting			141,916						155,594						261,045						295,300
Other			—						55,948						19,392						122,206
Total revenues			1,675,943						1,686,454						3,186,984						3,220,584
Costs and expenses:
Cost of services and product development			486,909						531,731						916,216						1,006,761
Selling, general and administrative			764,592						776,888						1,490,941						1,507,196
Depreciation			25,145						30,535						50,510						59,401
Amortization of intangibles			20,038						20,204						40,104						42,098
Gain from sale of divested operation			739						—						(5,399)						—
Total costs and expenses			1,297,423						1,359,358						2,492,372						2,615,456
Operating income			378,520						327,096						694,612						605,128
Interest expense, net			(22,266)						(11,801)						(43,314)						(25,214)
Other (expense) income, net			(1,631)						2,498						(4,263)						4,887
Income before income taxes			354,623						317,793						647,035						584,801
Provision for income taxes			79,125						77,010						149,193						133,079
Net income			$	275,498					$	240,783					$	497,842					$	451,722
Net income per share:
Basic			$	4.14					$	3.12					$	7.31					$	5.85
Diluted			$	4.14					$	3.11					$	7.29					$	5.82
Weighted average shares outstanding:
Basic			66,501						77,157						68,149						77,257
Diluted			66,581						77,359						68,288						77,606

See the accompanying notes to Condensed Consolidated Financial Statements.

GARTNER, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Comprehensive Income

(Unaudited; in thousands)

			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2026						2025						2026						2025

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The purpose of this Management’s Discussion and Analysis (“MD&A”) is to facilitate an understanding of significant factors influencing the quarterly operating results, financial condition and cash flows of Gartner, Inc. Additionally, the MD&A conveys our expectations of the potential impact of known trends, events or uncertainties that may impact future results. You should read this discussion in conjunction with our Condensed Consolidated Financial Statements and related notes included in this Quarterly Report on Form 10-Q and our Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”). Historical results and percentage relationships are not necessarily indicative of operating results for future periods. References to “Gartner,” the “Company,” “we,” “our” and “us” in this MD&A are to Gartner, Inc. and its consolidated subsidiaries.

FORWARD-LOOKING STATEMENTS

In addition to historical information, this Quarterly Report on Form 10-Q contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are any statements other than statements of historical fact, including statements regarding our expectations, beliefs, hopes, intentions, projections or strategies regarding the future. In some cases, forward-looking statements can be identified by the use of words such as “may,” “will,” “expect,” “should,” “could,” “believe,” “plan,” “anticipate,” “estimate,” “predict,” “potential,” “continue” or other words of similar meaning.

We operate in a very competitive and rapidly changing environment that involves numerous known and unknown risks and uncertainties, some of which are beyond our control. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future quarterly and annual revenues, operating income, results of operations and cash flows, as well as any forward-looking statement, are subject to change and to inherent risks and uncertainties, such as those disclosed or incorporated by reference in our filings with the Securities and Exchange Commission. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, among others, the following: our ability to maintain and expand our products and services; our ability to keep pace with technological and industry developments in artificial intelligence (“AI”) and comply with evolving AI regulations; our ability to achieve continued customer renewals and achieve new contract value, backlog and deferred revenue growth in light of competitive pressures; our ability to grow or sustain revenue from individual customers; our ability to expand or retain our customer base; our ability to carry out our strategic initiatives and manage associated costs; the timing of conferences and meetings, in particular our Gartner Symposium/Xpo series; our ability to achieve and effectively manage growth, including our ability to integrate our acquisitions and consummate and integrate future acquisitions; our ability to attract and retain a professional staff of analysts and consultants as well as experienced sales personnel upon whom we are dependent, especially in light of labor competition; our ability to successfully compete with existing competitors and potential new competitors; our ability to enforce and protect our intellectual property rights; the impact of cybersecurity incidents or other disruptions to our information systems; our ability to pay our debt obligations; the impact of global economic and geopolitical conditions, including inflation (and related monetary policy by governments in response to inflation) and recession; uncertain effects, both direct and indirect, of changes and volatility in tariffs and trade policies; risks associated with the creditworthiness, budget cuts, priorities and shutdown of governments and agencies; additional risks associated with international operations, including foreign currency fluctuations; the impact on our business resulting from changes in international conditions, including those resulting from tensions in the Middle East, the war in Ukraine and current and future sanctions imposed by governments or other authorities; the impact of restructuring and other charges on our businesses and operations; our ability to meet sustainability commitments and comply with applicable regulatory requirements, as well as potential reactions by customers to these commitments; the impact of changes in tax policy (including global minimum tax legislation) and heightened scrutiny from various taxing authorities globally; changes to laws and regulations; and other risks and uncertainties. The potential fluctuations in our operating income could cause period-to-period comparisons of operating results not to be meaningful and could provide an unreliable indication of future operating results. A description of the risk factors associated with our business is included under “Risk Factors” in Item 1A. of the 2025 Form 10-K, which is incorporated herein by reference.

Forward-looking statements are subject to risks, estimates and uncertainties that could cause actual results to differ materially from those discussed in, or implied by, the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those listed above or described under “Risk Factors” in Item 1A of the 2025 Form 10-K. Readers should not place undue reliance on these forward-looking statements, which reflect management’s opinion only as of the date on which they were made. Forward-looking statements in this Quarterly Report on Form 10-Q speak only as of the date hereof, and forward-looking statements in documents attached that are incorporated by reference speak only as of the date of those documents. Except as required by law, we disclaim any obligation to revise or update these forward-looking statements to reflect events or circumstances as they occur.

BUSINESS OVERVIEW

Gartner, Inc. (NYSE: IT) delivers actionable, objective business and technology insights that drive smarter decisions and stronger performance on an organization’s mission-critical priorities.

We deliver our products and services globally through three reportable segments – Business and Technology Insights (“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 industry-leading conferences to peer-driven communities – each focused on the mission-critical priorities of specific business roles – 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 Gartner’s 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.

As of June 30, 2026, we had 19,285 employees globally, a decrease of 8% from June 30, 2025. The largest decreases in headcount were in our Insights segment and the Digital Markets business, primarily in the second half of 2025 and the first quarter of 2026.

Recent Developments

In February 2026, we completed the sale of the Digital Markets business, for approximately $104.8 million net of cash transferred, subject to post-close adjustments. We recorded a pre-tax gain of $5.4 million on the sale, which is included in Gain from sale of divested operation in the Consolidated Statement of Operations during the six months ended June 30, 2026. The Digital Markets business represented the entirety of our Other segment.

BUSINESS MEASUREMENTS

We believe that the following business measurements are important performance indicators for our reportable business segments:

BUSINESS SEGMENT						BUSINESS MEASUREMENT
Insights						Contract value represents the dollar value attributable to all of our subscription-related contracts. It is calculated as the annualized value of all contracts in effect at a specific point in time, without regard to the duration of the contract. Contract value primarily includes Insights deliverables for which revenue is recognized on a ratable basis, as well as other deliverables (primarily Conferences tickets) for which revenue is recognized when the deliverable is utilized. Comparing contract value year-over-year not only measures the short-term growth of our business, but also signals the long-term health of our Insights subscription business since it measures revenue that is highly likely to recur over a multi-year period. Our contract value consists of Global Technology Sales contract value, which includes sales to users and providers of technology, and Global Business Sales contract value, which includes sales to all other functional leaders.
						Client retention rate represents a measure of client satisfaction and renewed business relationships at a specific point in time. Client retention is calculated on a percentage basis by dividing our current clients, who were also clients a year ago, by all clients from a year ago. Client retention is calculated at an enterprise level, which represents a single company or customer.
						Wallet retention rate represents a measure of the amount of contract value we have retained with clients over a twelve-month period. Wallet retention is calculated on a percentage basis by dividing the contract value of our current clients, who were also clients a year ago, by the contract value from a year ago, excluding the impact of foreign currency exchange. When wallet retention exceeds client retention, it is an indication of retention of higher-spending clients, or increased spending by retained clients, or both. Wallet retention is calculated at an enterprise level, which represents a single company or customer.
Conferences						Number of destination conferences represents the total number of hosted in-person conferences completed during the period. Single day, local meetings are excluded.
						Number of destination conferences attendees represents the total number of people who attend in-person conferences. Single day, local meetings are excluded.
Consulting						Consulting backlog represents future revenue to be derived from in-process consulting and benchmark analytics engagements.
						Utilization rate represents a measure of productivity of our consultants. Utilization rates are calculated for billable headcount on a percentage basis by dividing total hours billed by total hours available to bill.

EXECUTIVE SUMMARY OF OPERATIONS AND FINANCIAL POSITION

The fundamentals of our strategy include a focus on creating actionable business and technology insights for executives and their teams, delivering innovative and highly differentiated product offerings, building a strong sales capability, providing world class client service with a focus on client engagement and retention, and continuously improving our operational effectiveness.

We had total revenues of $1.7 billion during the second quarter of 2026, a decrease of 1% compared to the second quarter of 2025. The decrease was primarily due to the sale of the Digital Markets business in February 2026. During the second quarter of 2026, compared to the second quarter of 2025, Insights revenues increased by 2%, Conferences revenues increased by 15%, and Consulting revenues decreased by 9%. For a more complete discussion of our results by segment, see Segment Results below.

For the second quarter of 2026 and 2025, we had net income of $275.5 million and $240.8 million, respectively, and diluted net income per share of $4.14 and $3.11, respectively. Cash provided by operating activities was $789.3 million and $697.1 million during the six months ended June 30, 2026 and 2025, respectively. As of June 30, 2026, we had $1.5 billion of cash and cash equivalents and approximately $1.0 billion of available borrowing capacity on our revolving credit facility. For a more complete discussion of our cash flows and financial position, see the Liquidity and Capital Resources section below.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

For information regarding our critical accounting policies and estimates, please refer to Part II, Item 7, “Critical Accounting Policies and Estimates” contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. There have been no material changes to the critical accounting policies previously disclosed in that report.

RECENTLY ISSUED ACCOUNTING STANDARDS

The FASB has issued accounting standards that have not yet become effective and that may impact the Company’s consolidated financial statements or its disclosures in future periods. Note 1 — Business and Basis of Presentation in the Notes to Condensed Consolidated Financial Statements provides information regarding those accounting standards.

RESULTS OF OPERATIONS

Consolidated Results

The table below presents an analysis of selected line items and period-over-period changes in our interim Condensed Consolidated Statements of Operations for the periods indicated (in thousands).

			Three Months Ended June 30, 2026						Three Months Ended June 30, 2025						Increase (Decrease)						Increase (Decrease) %
Revenues:
Insights			$	1,289,870					$	1,263,505					$	26,365					2		%
Conferences			244,157						211,407						32,750						15
Consulting			141,916						155,594						(13,678)						(9)
Other			—						55,948						(55,948)						(100)
Total revenues			1,675,943						1,686,454						(10,511)						(1)
Costs and expenses:
Cost of services and product development			486,909						531,731						(44,822)						(8)
Selling, general and administrative			764,592						776,888						(12,296)						(2)
Depreciation			25,145						30,535						(5,390)						(18)
Amortization of intangibles			20,038						20,204						(166)						(1)
Gain from sale of divested operation			739						—						739						nm
Operating income			378,520						327,096						51,424						16
Interest expense, net			(22,266)						(11,801)						10,465						89
Other (expense) income, net			(1,631)						2,498						(4,129)						(165)
Less: Provision for income taxes			79,125						77,010						2,115						3
Net income			$	275,498					$	240,783					$	34,715					14		%
nm = not meaningful

			Six Months Ended June 30, 2026						Six Months Ended June 30, 2025						Increase (Decrease)						Increase (Decrease) %
Revenues:
Insights			$	2,584,065					$	2,519,074					$	64,991					3		%
Conferences			322,482						284,004						38,478						14
Consulting			261,045						295,300						(34,255)						(12)
Other			19,392						122,206						(102,814)						(84)
Total revenues			3,186,984						3,220,584						(33,600)						(1)
Costs and expenses:
Cost of services and product development			916,216						1,006,761						(90,545)						(9)
Selling, general and administrative			1,490,941						1,507,196						(16,255)						(1)
Depreciation			50,510						59,401						(8,891)						(15)
Amortization of intangibles			40,104						42,098						(1,994)						(5)
Gain from sale of divested operation			(5,399)						—						(5,399)						nm
Operating income			694,612						605,128						89,484						15
Interest expense, net			(43,314)						(25,214)						18,100						72
Other (expense) income, net			(4,263)						4,887						(9,150)						(187)
Less: Provision for income taxes			149,193						133,079						16,114						12
Net income			$	497,842					$	451,722					$	46,120					10		%
nm = not meaningful

In addition to GAAP results, we provide foreign currency neutral dollar amounts and percentages for our revenues, certain expenses, contract values and other metrics. These foreign currency neutral dollar amounts and percentages eliminate the effects of exchange rate fluctuations and thus provide a more accurate and meaningful trend in the underlying business performance being measured. We calculate foreign currency neutral dollar amounts by converting the underlying amounts in local currency for different periods into U.S. dollars by applying the same foreign exchange rates to all periods presented.

Total revenues for the three months ended June 30, 2026 were $1.7 billion, a decrease of $10.5 million, or 1% compared to the same period in 2025 on a reported basis and 2% excluding the foreign currency impact. Total revenues for the six months ended June 30, 2026 were $3.2 billion, a decrease of $33.6 million, or 1% compared to the same period in 2025 on a reported basis and 3% excluding the foreign currency impact. The decrease was primarily due to the sale of the Digital Markets business in February 2026. Refer to the section of this MD&A below entitled “Segment Results” for a discussion of revenues and results by reportable segment.

Cost of services and product development was $486.9 million during the three months ended June 30, 2026, a decrease of $44.8 million compared to the same period in 2025, or 8% on a reported basis and 9% excluding the foreign currency impact. The decrease in Cost of services and product development during the three months ended June 30, 2026 was primarily due to a $22.8 million decrease in product and content delivery expenses principally as a result of the sale of the Digital Markets business in February 2026, in addition to a $22.8 million decrease in personnel expenses due to lower headcount. Cost of services and product development as a percent of revenues was 29% and 32% for the three months ended June 30, 2026 and 2025, respectively. Cost of services and product development was $916.2 million during the six months ended June 30, 2026, a decrease of $90.5 million compared to the same period in 2025, or 9% on a reported basis and 10% excluding the foreign currency impact. The decrease in Cost of services and product development during the six months ended June 30, 2026 was primarily due to the same factors that caused the year-over-year quarterly decrease, with a $48.7 million decrease in product and content delivery expenses, in addition to a $42.8 million decrease in personnel expenses. Cost of services and product development as a percent of revenues was 29% and 31% for the six months ended June 30, 2026 and 2025, respectively.

Selling, general and administrative (“SG&A”) expense was $764.6 million during the three months ended June 30, 2026, a decrease of $12.3 million compared to the same period in 2025, or 2% on both a reported basis and excluding the foreign currency impact. The decrease in SG&A expense during the three months ended June 30, 2026 was primarily due to reduced severance expenses. SG&A expense was $1.5 billion during the six months ended June 30, 2026, a decrease of $16.3 million compared to the same period in 2025, or 1% on a reported basis and 3% excluding the foreign currency impact. The decrease in SG&A expense during the six months ended June 30, 2026 was primarily due to the same factor that caused the year-over-year quarterly decrease. The number of quota-bearing sales associates in Global Technology Sales decreased by 3% to 3,581 and in Global Business Sales, decreased by 3% to 1,293 compared to June 30, 2025. On a combined basis, the total number of quota-bearing sales associates decreased by 3% when compared to June 30, 2025. SG&A expense as a percent of revenues was 46% during both the three months ended June 30, 2026 and 2025. SG&A expense as a percent of revenues was 47% during both the six months ended June 30, 2026 and 2025.

Depreciation decreased by 18% and 15% during the three and six months ended June 30, 2026, respectively, compared to the same periods in 2025. The decreases for both the three and six months ended June 30, 2026 were primarily due to the sale of the Digital Markets business in February 2026.

Amortization of intangibles decreased by 1% and 5% during the three and six months ended June 30, 2026, compared to the same periods in 2025, due to certain intangible assets becoming fully amortized in 2025.

Gain from sale of divested operation of $5.4 million during the six months ended June 30, 2026 was attributable to the sale of the Digital Markets business in February 2026.

Operating income was $378.5 million and $327.1 million during the three months ended June 30, 2026 and 2025, respectively. Operating income was $694.6 million and $605.1 million during the six months ended June 30, 2026 and 2025, respectively. The increase in operating income for both the three and six months ended June 30, 2026 as compared to the prior year periods was primarily due to the reduction in operating expenses.

Interest expense, net increased by $10.5 million and $18.1 million during the three and six months ended June 30, 2026, respectively, compared to the same period in 2025. The increase for the three and six months ended June 30, 2026 was due to a decrease in interest income, as a result of lower average cash balances than the prior year as well as an increase in interest expense related to the issuance of our 2031 and 2035 Notes in November 2025.

Other (expense) income, net for the periods presented herein primarily consisted of the net impact of foreign currency gains and losses.

The provision for income taxes was $79.1 million and $77.0 million for the three months ended June 30, 2026 and 2025, respectively. The effective income tax rate was 22.3% and 24.2% for the three months ended June 30, 2026, and 2025, respectively. The decrease in the effective income tax rate in the current period was primarily attributable to a favorable change in the forecasted geographic mix of earnings compared to the same period in 2025.

The provision for income taxes was $149.2 million and $133.1 million for the six months ended June 30, 2026 and 2025, respectively. The effective income tax rate was 23.1% and 22.8% for the six months ended June 30, 2026 and 2025, respectively. The increase in the effective income tax rate in the current period was primarily due to the unfavorable impact of stock-based compensation, partially offset by the favorable release of reserves upon the resolution of the related inquiries as well as a favorable change in the forecasted geographic mix of earnings compared to the same period in 2025.

Net income for the three months ended June 30, 2026 and 2025 was $275.5 million and $240.8 million, respectively, while net income for the six months ended June 30, 2026 and 2025 was $497.8 million and $451.7 million, respectively. Our diluted net income per share during the three and six months ended June 30, 2026 increased by $1.03 and $1.47, respectively. The increase in net income during both the three and six months ended June 30, 2026 was primarily due to a decrease in operating expenses, partially offset by a decrease in revenues and an increase in interest expense, net. The increase in diluted net income per share during the three and six months ended June 30, 2026 was also driven by the decrease in diluted weighted average shares outstanding during 2026, as compared to the same periods in 2025.

SEGMENT RESULTS

We evaluate segment performance and allocate resources based on gross contribution margin. Gross contribution is defined as operating income or loss excluding certain Cost of services and product development expenses, SG&A expenses, Depreciation, Amortization of intangibles and Gain from sale of divested operation. Gross contribution margin is defined as gross contribution as a percent of revenues.

Reportable Segments

The sections below present the results of the Company’s three reportable business segments: Insights, Conferences and Consulting.

Insights

			As Of And For The Three Months Ended June 30, 2026						As Of And For The Three Months Ended June 30, 2025						Increase (Decrease)						Percentage Increase (Decrease)						As Of And For The Six Months Ended June 30, 2026						As Of And For The Six Months Ended June 30, 2025						Increase (Decrease)						Percentage Increase (Decrease)
Financial Measurements:
Revenues (1)			$	1,289,870					$	1,263,505					$	26,365					2		%				$	2,584,065					$	2,519,074					$	64,991					3		%
Gross contribution (1)			$	999,372					$	960,732					$	38,640					4		%				$	2,010,889					$	1,926,680					$	84,209					4		%
Gross contribution margin			77		%				76		%				1 point						—						78		%				76		%				2 points						—
Business Measurements:
Contract Value (1), (3)			$	5,282,600					$	5,196,000					$	86,600					2		%
Global Technology Sales (2):
Contract value (1), (3)			$	3,999,300					$	3,954,000					$	45,300					1		%
Client retention			85		%				84		%				1 point						—
Wallet retention			97		%				99		%				(2) points						—
Global Business Sales (2):
Contract value (1), (3)			$	1,283,300					$	1,242,000					$	41,300					3		%
Client retention			86		%				87		%				(1) point						—
Wallet retention			99		%				104		%				(5) points						—

(1)Dollars in thousands.

(2)Global Technology Sales includes sales to users and providers of technology. Global Business Sales includes sales to all other functional leaders.

(3)Contract values are on a foreign currency neutral basis. Contract values as of June 30, 2025 have been calculated using the same foreign currency rates as 2026.

Insights revenues increased by $26.4 million during the three months ended June 30, 2026 compared to the same period in 2025, or 2% on a reported basis and 1% excluding the foreign currency impact. For the six months ended June 30, 2026, Insights revenue increased by $65.0 million compared to the same period in 2025 or 3% on a reported basis and about flat excluding the foreign currency impact. The segment gross contribution margin was 77% and 76% for the three months ended June 30, 2026 and 2025, respectively, and 78% and 76% for the six months ended June 30, 2026 and 2025, respectively.

Contract value increased to $5.3 billion at June 30, 2026, or 2% compared to June 30, 2025 excluding the foreign currency impact. Approximately half of industry sectors grew mid single-digit rates. Growth was led by the banking and energy sectors, partially offset by a mid single-digit decrease in public sector, primarily related to the U.S. federal government. Global Technology Sales (“GTS”) contract value increased by 1% at June 30, 2026 when compared to June 30, 2025. The modest increase in GTS contract value was primarily due to business from new clients. GTS contract value increased by mid single-digit rates for nearly all commercial enterprise sizes and mid-single digits for half of industry sectors. Global Business Sales (“GBS”) contract value increased by 3% year-over-year, primarily driven by business from new clients. The majority of our GBS practices achieved mid single-digit rates or faster growth rates, with all commercial enterprise sizes and half of sectors also growing mid single-digit rates or faster year-over-year. Public sector contract value decreased by mid single-digits and low single-digits for GTS and GBS, respectively.

GTS client retention was 85% and 84% as of June 30, 2026 and 2025, respectively, while wallet retention was 97% and 99% as of June 30, 2026 and 2025, respectively. GBS client retention was 86% and 87% as of June 30, 2026 and 2025, respectively, while wallet retention was 99% and 104%, respectively. The decrease in GTS and GBS wallet retention was largely due to lower levels of spending by existing clients compared to the same period in 2025.

Conferences

			Three Months Ended June 30, 2026						Three Months Ended June 30, 2025						Increase (Decrease)						Percentage Increase (Decrease)						Six Months Ended June 30, 2026						Six Months Ended June 30, 2025						Increase (Decrease)						Percentage Increase (Decrease)
Financial Measurements:
Revenues (1)			$	244,157					$	211,407					$	32,750					15		%				$	322,482					$	284,004					$	38,478					14		%
Gross contribution (1)			$	145,222					$	121,388					$	23,834					20		%				$	175,631					$	148,770					$	26,861					18		%
Gross contribution margin			59		%				57		%				2 points						—						54		%				52		%				2 points						—
Business Measurements:
Number of destination conferences (2)			18						19						(1)						(5)		%				28						29						(1)						(3)		%
Number of destination conferences attendees (2)			28,057						28,295						(238)						(1)		%				39,530						40,206						(676)						(2)		%

(1)Dollars in thousands.

(2)Single day, local meetings are excluded.

Conferences revenues increased by $32.8 million during the three months ended June 30, 2026 compared to the same period in 2025, or 15% on a reported basis and 14% excluding the foreign currency impact. The increase in revenues for the three months ended June 30, 2026 was primarily due to higher exhibitor revenue, as well as an increase in attendee revenue. We held 18 and 19 destination conferences during the three months ended June 30, 2026 and 2025, respectively. Gross contribution increased to $145.2 million during the three months ended June 30, 2026 compared to $121.4 million in the same period last year. The increase in gross contribution during the three months ended June 30, 2026 was primarily the result of the increase in revenues.

Conferences revenues increased by $38.5 million during the six months ended June 30, 2026 compared to the same period in 2025, or 14% on a reported basis and 12% excluding the foreign currency impact. The increase in revenues for the six months ended June 30, 2026 was primarily due to higher exhibitor revenue. We held 28 and 29 destination conferences during the six months ended June 30, 2026 and 2025, respectively. Gross contribution increased to $175.6 million during the six months ended June 30, 2026 compared to $148.8 million in the same period last year. The increase in gross contribution during the six months ended June 30, 2026 was primarily the result of the increase in revenues.

Consulting

			As Of And For The Three Months Ended June 30, 2026						As Of And For The Three Months Ended June 30, 2025						Increase (Decrease)						Percentage Increase (Decrease)						As Of And For The Six Months Ended June 30, 2026						As Of And For The Six Months Ended June 30, 2025						Increase (Decrease)						Percentage Increase (Decrease)
Financial Measurements:
Revenues (1)			$	141,916					$	155,594					$	(13,678)					(9)		%				$	261,045					$	295,300					$	(34,255)					(12)		%
Gross contribution (1)			$	53,770					$	61,555					$	(7,785)					(13)		%				$	90,575					$	114,947					$	(24,372)					(21)		%
Gross contribution margin			38		%				40		%				(2) points						—						35		%				39		%				(4) points						—
Business Measurements:
Backlog (1), (2)			$	213,800					$	195,900					$	17,900					9		%
Billable headcount			842						949						(107)						(11)		%
Consultant utilization			65		%				65		%				0 points						—						61		%				64		%				(3) points						—

(1)Dollars in thousands.

(2)Backlog is on a foreign currency neutral basis. Backlog as of June 30, 2025 has been calculated using the same foreign currency rates as 2026.

Consulting revenues decreased by 9% during the three months ended June 30, 2026 compared to the same period in 2025 on both a reported basis and excluding the foreign currency impact, with a decrease in labor-based consulting revenue of 13% and an increase in contract optimization revenue of 1%, each on a reported basis. The primary regions driving the decrease in revenue compared to the prior year period were Japan and Europe, Middle East and Africa (“EMEA”), principally in the commercial sector. Contract optimization revenue may vary significantly and, as such, revenues for the second quarter of 2026 may not be indicative of results for the remainder of 2026 or beyond. The segment gross contribution margin was 38% and 40% for the three months ended June 30, 2026 and 2025, respectively. The decrease in gross contribution margin for the three months ended June 30, 2026 was primarily due to the decrease in revenues.

For the six months ended June 30, 2026, Consulting revenues decreased by 12% compared to the same period in 2025 on a reported basis and 13% excluding the foreign currency impact, with a decrease in labor-based consulting revenue of 13% and a decrease in contract optimization revenue of 8% each on a reported basis. The primary regions driving the decrease in revenue compared to the prior year period were the United States, principally in the public sector, and Japan and EMEA, principally in the commercial sector. The segment gross contribution margin was 35% and 39% for the six months ended June 30, 2026 and 2025, respectively. The decrease in gross contribution margin for the six months ended June 30, 2026 was primarily due to the decrease in revenues.

Backlog increased by $17.9 million, or 9%, from June 30, 2025 to June 30, 2026, excluding the foreign currency impact.

LIQUIDITY AND CAPITAL RESOURCES

We finance our operations through cash generated from our operating activities and, to a lesser extent, borrowings. Note 8 — Debt in the Notes to Condensed Consolidated Financial Statements provides additional information regarding the Company’s outstanding debt obligations. At June 30, 2026, we had $1.5 billion of cash and cash equivalents and approximately $1.0 billion of available borrowing capacity on the revolving credit facility under our 2024 Credit Agreement. We believe that the Company has adequate liquidity to meet its currently anticipated needs for both the next twelve months and the foreseeable future.

We have historically generated significant cash flows from our operating activities, benefiting from the favorable working capital dynamics of our subscription-based business model in our Insights segment, which is our largest business segment and historically has constituted a significant portion of our total revenues. The majority of our Insights customer contracts are paid in advance and, combined with a strong customer retention rate and high incremental margins, our subscription-based business model has resulted in continuously strong operating cash flow. Cash flow generation has also benefited from our ongoing efforts to improve the operating efficiencies of our businesses as well as a focus on the optimal management of our working capital as we increase sales.

Our cash and cash equivalents are held in numerous locations throughout the world with 71% held outside the U.S. at June 30, 2026. We continue to assert our intention to reinvest substantially all remaining accumulated undistributed foreign earnings, except in instances where repatriation would result in minimal additional tax.

The table below summarizes the changes in our cash balances for the periods indicated (in thousands).

			Six Months Ended June 30, 2026						Six Months Ended June 30, 2025						Increase (Decrease)
Cash provided by operating activities			$	789,327					$	697,077					$	92,250
Cash provided by (used in) investing activities			64,452						(61,817)						126,269
Cash used in financing activities			(1,073,465)						(419,688)						(653,777)
Net (decrease) increase in cash and cash equivalents and restricted cash			(219,686)						215,572						(435,258)
Effects of exchange rates on cash and cash equivalents			(14,129)						48,817						(62,946)
Beginning cash and cash equivalents			1,722,521						1,933,147						(210,626)
Ending cash and cash equivalents			$	1,488,706					$	2,197,536					$	(708,830)

Operating

Cash provided by operating activities was $789.3 million and $697.1 million during the six months ended June 30, 2026 and 2025, respectively. The year-over-year increase was primarily due to the increase in net income as well as the improved timing of collections.

Investing

Cash provided by (used in) investing activities was $64.5 million and $(61.8) million during the six months ended June 30, 2026 and 2025, respectively. The change from 2025 to 2026 was primarily the result of the proceeds from the sale of the Digital Markets business in February 2026, as well as lower capital expenditures, principally the result of lower leasehold improvements spending.

Financing

Cash used in financing activities was $1.1 billion and $419.7 million during the six months ended June 30, 2026 and 2025, respectively. We used $1.1 billion and $437.2 million of cash for share repurchases during the six months ended June 30, 2026 and 2025, respectively.

Debt

As of June 30, 2026, the Company had $3.0 billion of principal amount of debt outstanding. Note 8 — Debt in the Notes to Condensed Consolidated Financial Statements provides additional information regarding the Company’s outstanding debt obligations. From time to time, the Company may seek to retire or repurchase its outstanding debt through various methods including open market repurchases, negotiated block transactions, or otherwise, all or some of which may be effected through Rule 10b5-1 plans. Such transactions, if any, depend on prevailing market conditions, our liquidity and capital requirements, contractual restrictions, and other factors, and may involve material amounts.

OFF BALANCE SHEET ARRANGEMENTS

From January 1, 2026 through June 30, 2026, the Company has not entered into any material off-balance sheet arrangements or transactions with unconsolidated entities or other persons.

INTEREST RATE RISK

As of June 30, 2026, the Company had $3.0 billion in total debt principal outstanding. None of the Company’s total debt outstanding as of June 30, 2026 was based on a floating base rate of interest. Note 8 — Debt in the Notes to Condensed Consolidated Financial Statements provides additional information regarding the Company’s outstanding debt obligations.

FOREIGN CURRENCY RISK

A significant portion of our revenues are typically derived from sales outside of the United States. Among the major foreign currencies in which we conduct business are the Euro, the British Pound, the Japanese Yen, the Australian dollar and the Canadian dollar. The reporting currency of our Condensed Consolidated Financial Statements is the U.S. dollar. As the values of the foreign currencies in which we operate fluctuate over time relative to the U.S. dollar, the Company is exposed to both foreign currency translation and transaction risk.

Translation risk arises as our foreign currency assets and liabilities are translated into U.S. dollars because the functional currencies of our foreign operations are generally denominated in the local currency. Adjustments resulting from the translation of these assets and liabilities are deferred and recorded as a component of stockholders’ equity. A measure of the potential impact of foreign currency translation can be determined through a sensitivity analysis of our cash and cash equivalents. At June 30, 2026, we had $1.5 billion of cash and cash equivalents, with a substantial portion denominated in foreign currencies. If the exchange rates of the foreign currencies we hold all changed in comparison to the U.S. dollar by 10%, the amount of cash and cash equivalents we would have reported on June 30, 2026 could have increased or decreased by approximately $125.9 million. The translation of our foreign currency revenues and expenses historically has not had a material impact on our consolidated earnings because movements in and among the major currencies in which we operate tend to impact our revenues and expenses fairly equally. However, our earnings could be impacted during periods of significant exchange rate volatility, or when some or all of the major currencies in which we operate move in the same direction against the U.S. dollar.

Transaction risk arises when we enter into a transaction that is denominated in a currency that may differ from the local functional currency. As these transactions are translated into the local functional currency, a gain or loss may result, which is recorded in current period earnings. We typically enter into foreign currency forward exchange contracts to mitigate the effects of some of this foreign currency transaction risk. Our outstanding foreign currency forward exchange contracts as of June 30, 2026 had an immaterial net unrealized loss.

CREDIT RISK

Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of short-term, highly liquid investments classified as cash equivalents, fees receivable, interest rate swap contracts and foreign currency forward exchange contracts. The majority of the Company’s cash and cash equivalents and foreign currency forward exchange contracts are with large investment grade commercial banks. Fees receivable balances deemed to be collectible from customers have limited concentration of credit risk due to our diverse customer base and geographic dispersion.

We have established disclosure controls and procedures that are designed to ensure that the information we are required to disclose in our reports filed or submitted under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC, and such information is accumulated and communicated to our executive management team, including our chief executive officer and our chief financial officer, to allow timely decisions regarding required disclosure.

Management conducted an evaluation, as of June 30, 2026, of the effectiveness of the design and operation of our disclosure controls and procedures, as such term is defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act, under the supervision and with the participation of our chief executive officer and chief financial officer. Based upon that evaluation, our chief executive officer and chief financial officer have concluded that, as of June 30, 2026, the Company’s disclosure controls and procedures were effective.

There have been no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during the quarter ended June 30, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

We are involved in legal and administrative proceedings and litigation arising in the ordinary course of business. We believe that the potential liability, if any, in excess of amounts already accrued from all proceedings, claims and litigation will not have a material effect on our financial position, cash flows or results of operations when resolved in a future period.

There were no material changes to the risk factors disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

There were no unregistered sales of equity securities during the period covered by this report.

Issuer Purchases of Equity Securities

In May 2015, the Company’s Board of Directors (the “Board”) authorized a share repurchase program to repurchase up to $1.2 billion of the Company’s common stock. The Board authorized incremental share repurchases of up to an aggregate additional $6.9 billion of the Company’s common stock from February 2021 to April 2026. The Board also authorized incremental share repurchases of up to an additional $500.0 million in July 2026. 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 Company’s 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 Company’s stock-based compensation awards. The table below summarizes the repurchases of our common stock during the three months ended June 30, 2026.

Period						Total Number of Shares Purchased (#)						Average Price Paid Per Share ($)						Total Number of Shares Purchased Under Announced Programs (#)						Maximum Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (in thousands)
April 1, 2026 to April 30, 2026						509,508						$	148.29					509,251						$	1,236,756
May 1, 2026 to May 31, 2026						1,420,708						154.23						1,419,948						1,017,758
June 1, 2026 to June 30, 2026						1,699,959						144.69						1,699,739						$	771,818
Total for the quarter (1)						3,630,175						$	148.93					3,628,938

(1)The repurchased shares during the three months ended June 30, 2026 included 1,237 shares purchased for the settlement of stock-based compensation awards and 3,628,938 shares purchased in the open market. Amounts presented exclude the excise tax accrual.

Insider Trading Arrangements

No director or Section 16 officer adopted or terminated a trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or a non-Rule 10b5–1 trading arrangement during the three months ended June 30, 2026.

EXHIBIT NUMBER						DESCRIPTION OF DOCUMENT
3.1						Restated Certificate of Incorporation of the Company (Incorporated by reference from the Company’s Current Report on Form 8-K filed on July 6, 2005).
3.2						Amended and restated By-laws of Gartner, Inc, effective October 30, 2025. (Incorporated by reference from the Company’s Quarterly Report on Form 10-Q filed on November 4, 2025).
31.1*						Certification of chief executive officer under Rule 13a — 14(a)/15d — 14(a).
31.2*						Certification of chief financial officer under Rule 13a — 14(a)/15d — 14(a).
32*						Certification under 18 U.S.C. 1350.
101.INS*						Inline XBRL Instance Document.
101.SCH*						Inline XBRL Taxonomy Extension Schema Document.
101.CAL*						Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF*						Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB*						Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE*						Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104*						Cover Page Interactive Data File, formatted in Inline XBRL (included as Exhibit 101).

• Filed with this report.

Items 3 and 4 of Part II are not applicable and have been omitted.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

						Gartner, Inc.
Date:			August 4, 2026			/s/ Craig W. Safian
						Craig W. Safian
						Executive Vice President and Chief Financial Officer
						(Principal Financial and Accounting Officer)