Item 1. FINANCIAL STATEMENTS

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Item 1. FINANCIAL STATEMENTS

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
Net income	$	275,498	$	240,783	$	497,842	$	451,722
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(7,481)		17,789		(11,334)		34,835
Interest rate swaps – net change in deferred gain or loss	—		3,394		—		6,784
Pension plans – net change in deferred actuarial loss	117		51		(70)		99
Other comprehensive income (loss), net of tax	(7,364)		21,234		(11,404)		41,718
Comprehensive income	$	268,134	$	262,017	$	486,438	$	493,440

See the accompanying notes to Condensed Consolidated Financial Statements.

GARTNER, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Changes in Stockholders’ (Deficit) Equity

(Unaudited; in thousands)


Three and Six Months Ended June 30, 2026
	Common Stock		Additional Paid-In Capital		Accumulated Other Comprehensive Loss, Net		Accumulated Earnings		Treasury Stock		Total
Balance at December 31, 2025	$	82	$	2,679,101	$	(41,015)	$	6,722,238	$	(9,040,498)	$	319,908
Net income	—		—		—		222,344		—		222,344
Other comprehensive loss	—		—		(4,040)		—		—		(4,040)
Issuances under stock plans	—		4,415		—		—		4,274		8,689
Common share repurchases (including excise tax)	—		—		—		—		(529,387)		(529,387)
Stock-based compensation expense	—		45,870		—		—		—		45,870
Balance at March 31, 2026	$	82	$	2,729,386	$	(45,055)	$	6,944,582	$	(9,565,611)	$	63,384
Net income	—		—		—		275,498		—		275,498
Other comprehensive loss	—		—		(7,364)		—		—		(7,364)
Issuances under stock plans	—		4,179		—		—		1,994		6,173
Common share repurchases (including excise tax)	—		—		—		—		(546,026)		(546,026)
Stock-based compensation expense	—		40,990		—		—		—		40,990
Balance at June 30, 2026	$	82	$	2,774,555	$	(52,419)	$	7,220,080	$	(10,109,643)	$	(167,345)


Three and Six Months Ended June 30, 2025
	Common Stock		Additional Paid-In Capital		Accumulated Other Comprehensive Loss, Net		Accumulated Earnings		Treasury Stock		Total
Balance at December 31, 2024	$	82	$	2,497,130	$	(88,333)	$	5,993,007	$	(7,042,717)	$	1,359,169
Net income	—		—		—		210,939		—		210,939
Other comprehensive income	—		—		20,484		—		—		20,484
Issuances under stock plans	—		5,872		—		—		3,894		9,766
Common share repurchases (including excise tax)	—		—		—		—		(152,672)		(152,672)
Stock-based compensation expense	—		50,168		—		—		—		50,168
Balance at March 31, 2025	$	82	$	2,553,170	$	(67,849)	$	6,203,946	$	(7,191,495)	$	1,497,854
Net income	—		—		—		240,783		—		240,783
Other comprehensive income	—		—		21,234		—		—		21,234
Issuances under stock plans	—		6,779		—		—		981		7,760
Common share repurchases (including excise tax)	—		—		—		—		(278,032)		(278,032)
Stock-based compensation expense	—		43,027		—		—		—		43,027
Balance at June 30, 2025	$	82	$	2,602,976	$	(46,615)	$	6,444,729	$	(7,468,546)	$	1,532,626

See the accompanying notes to Condensed Consolidated Financial Statements.

GARTNER, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(Unaudited; in thousands)


	Six Months Ended
	June 30,
	2026		2025
Operating activities:
Net income	$	497,842	$	451,722
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	90,614		101,499
Stock-based compensation expense	86,860		93,195
Deferred taxes	(3,979)		(40,934)
Gain from sale of divested operation	(5,399)		—

Loss on impairment of lease related assets	—		591
Reduction in the carrying amount of operating lease right-of-use assets	29,895		34,738
Amortization and write-off of deferred financing fees	2,607		2,075
Gain on de-designated swaps	—		(446)
Changes in assets and liabilities, net of acquisitions and divestitures:
Fees receivable, net	475,105		475,125
Deferred commissions	46,847		86,927
Prepaid expenses and other current assets	(30,191)		(19,869)
Other assets	(22,116)		(20,651)
Deferred revenues	(38,303)		(154,358)
Accounts payable and accrued and other liabilities	(340,455)		(312,537)
Cash provided by operating activities	789,327		697,077
Investing activities:
Additions to property, equipment and leasehold improvements	(40,346)		(61,817)

Proceeds from sale of divested operation, net of cash transferred	104,798		—

Cash provided by (used in) investing activities	64,452		(61,817)
Financing activities:
Proceeds from employee stock purchase plan	14,797		17,467

Payments of deferred financing fees	(1,508)		—


Payments on long-term debt	(5,000)		—
Purchases of treasury stock	(1,081,754)		(437,155)
Cash used in financing activities	(1,073,465)		(419,688)
Net (decrease) increase in cash and cash equivalents	(219,686)		215,572
Effects of exchange rates on cash and cash equivalents	(14,129)		48,817
Cash and cash equivalents, beginning of period	1,722,521		1,933,147
Cash and cash equivalents, end of period	$	1,488,706	$	2,197,536

See the accompanying notes to Condensed Consolidated Financial Statements.

GARTNER, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Note 1 — Business and Basis of Presentation

Business. 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.

Segments. Gartner delivers its products and services globally through three reportable segments: Business and Technology Insights (or “Insights”), Conferences and Consulting. Revenues and other financial information for the Company’s segments are discussed in Note 7 — Segment Information.

Basis of presentation. The accompanying interim Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), as defined in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 270 for interim financial information and with the applicable instructions of U.S. Securities and Exchange Commission (“SEC”) Rule 10-01 of Regulation S-X on Form 10-Q, and should be read in conjunction with the consolidated financial statements and related notes of the Company in its Annual Report on Form 10-K for the year ended December 31, 2025.

The fiscal year of Gartner is the twelve-month period from January 1 through December 31. In the opinion of management, all normal recurring accruals and adjustments considered necessary for a fair presentation of financial position, results of operations and cash flows at the dates and for the periods presented herein have been included. The results of operations for the three and six months ended June 30, 2026 may not be indicative of the results of operations for the remainder of 2026 or beyond. When used in these notes, the terms “Gartner,” the “Company,” “we,” “us,” or “our” refer to Gartner, Inc. and its consolidated subsidiaries.

Principles of consolidation. The accompanying interim Condensed Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated.

Use of estimates. The preparation of the accompanying interim Condensed Consolidated Financial Statements requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the valuation of fees receivable, goodwill, intangible assets, deferred tax assets and other long-lived assets, as well as tax accruals and other liabilities. In addition, estimates are used in revenue recognition, income tax expense or benefit, performance-based compensation charges, depreciation and amortization. Management believes its use of estimates in the accompanying Condensed Consolidated Financial Statements to be reasonable.

Management continually evaluates and revises its estimates using historical experience and other factors, including the general economic environment and actions it may take in the future. Management adjusts these estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time. As a result, differences between estimates and actual results could be material and would be reflected in the Company’s consolidated financial statements in future periods.

Revenue recognition. Revenue is recognized in accordance with the requirements of FASB ASC Topic 606, Revenue from Contracts with Customers (“ASC Topic 606”). Revenue is only recognized when all of the required criteria for revenue recognition have been met. The accompanying Condensed Consolidated Statements of Operations present revenue net of any sales or value-added taxes that we collect from customers and remit to government authorities. ASC Topic 270 requires certain disclosures in interim financial statements around the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Note 4 — Revenue and Related Matters provides additional information regarding the Company’s revenues.

Adoption of new accounting standard. The Company adopted the accounting standard described below during 2026.

Credit Losses— In July 2025, the FASB issued ASU 2025-05*, Financial Instruments – Credit Losses (Topic 326)* (“ASU 2025-05”). The amendments in this ASU introduce a practical expedient for all entities related to applying Subtopic 326-20 to current accounts receivable and current contract assets arising from transactions accounted for under Topic 606. In developing reasonable and supportable forecasts as part of estimating expected credit losses, all entities may elect a practical expedient that assumes that current conditions as of the balance sheet date do not change for the remaining life of the asset. The amendments are expected to provide decision-useful information to investors and other financial statement users while reducing the time and effort necessary to analyze and estimate credit losses for current accounts receivable and current contract assets. The amendments were effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption was permitted in both interim and annual reporting periods in which financial statements have not yet been issued or made available for issuance. The Company adopted ASU 2025-05 effective in 2026 and the adoption had no impacts to the Company's results of operations, cash flows, or financial condition.

Accounting standards issued but not yet adopted. The FASB has issued accounting standards that have not yet become effective as of June 30, 2026 and may impact the Company’s Consolidated Financial Statements or related disclosures in future periods. The standards and their potential impacts are discussed below.

Income Statement— In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income- Expense Disaggregation Disclosures (“ASU 2024-03”). The amendments in this ASU are expected to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses (including employee compensation, depreciation and amortization) in commonly presented expense captions (such as cost of sales, SG&A and research and development). ASU 2024-03 will require a quantitative disclosure of the components of each income statement line item (e.g., cost of services and product development and selling, general and administrative expenses). It will also require entities to disclose the total amount of selling expenses, and, on an annual basis, an entity’s definition of selling expenses. The amendments are effective for annual reporting periods with fiscal years beginning after December 15, 2026, and interim reporting periods in fiscal years beginning after December 15, 2027. The Company expects this ASU to only impact its disclosures with no impacts to the Company's results of operations, cash flows, or financial condition.

Internal-use Software— In September 2025, the FASB issued ASU 2025-06, Intangibles-Goodwill and Other-Internal Use Software (Subtopic 350-40). The amendments in this ASU remove all references to project stages, and requires entities to start capitalizing software costs when (1) management has authorized and committed to funding the software project and (2) it is probable that the project will be completed and the software will be used to perform the function intended. The amendments are effective for annual reporting periods with fiscal years beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. The Company expects this ASU will not have a material impact to the Company's results of operations, cash flows, or financial condition.

Note 2 — Divestiture

In February 2026, the Company completed the sale of its Digital Markets business, for approximately $104.8 million net of cash transferred, subject to post-close adjustments. The Company 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 was included in the Company’s Other segment.

Note 3 — 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 Company’s 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 Company’s 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 subject to uncertainty.

The Company’s most recent annual impairment test of goodwill was a quantitative analysis conducted during the quarter ended September 30, 2025 that indicated an impairment of the Company’s Digital Markets reporting unit. During the three months ended September 30, 2025, ongoing weakness in the market as well as changes in the Company’s internal organization structure prompted a revision to the long-term earnings forecast for the Digital Markets business. During the three months ended September 30, 2025, a goodwill impairment loss of $150.0 million was recognized in the Digital Markets reporting unit. Subsequent to completing the 2025 annual impairment test, there were no events or changes in circumstances noted that required an interim impairment test.

The table below presents changes to the carrying amount of goodwill by segment during the six months ended June 30, 2026 (in thousands).


	Insights		Conferences		Consulting		Total
Balance at December 31, 2025	$	2,460,315	$	184,052	$	96,435	$	2,740,802



Foreign currency translation impact	(1,833)		(36)		(302)		(2,171)
Balance at June 30, 2026	$	2,458,482	$	184,016	$	96,133	$	2,738,631

Finite-Lived Intangible Assets

The tables below present reconciliations of the carrying amounts of the Company’s finite-lived intangible assets as of the dates indicated (in thousands).


June 30, 2026	Customer Relationships		Other		Total
Gross cost at December 31, 2025	$	1,021,757	$	10,200	$	1,031,957



Foreign currency translation impact	(6,127)		—		(6,127)
Gross cost	1,015,630		10,200		1,025,830
Accumulated amortization (1)	(722,687)		(8,709)		(731,396)
Balance at June 30, 2026	$	292,943	$	1,491	$	294,434


December 31, 2025	Customer Relationships		Other		Total
Gross cost	$	1,021,757	$	10,200	$	1,031,957
Accumulated amortization (1)	(687,416)		(8,238)		(695,654)
Balance at December 31, 2025	$	334,341	$	1,962	$	336,303

(1) Finite-lived intangible assets are amortized using the straight-line method over the following periods: Customer relationships—6 to 13 years and Other—11 years.

Amortization expense related to finite-lived intangible assets was $20.0 million and $20.2 million during the three months ended June 30, 2026 and 2025, and $40.1 million and $42.1 million during the six months ended June 30, 2026 and 2025, respectively. The estimated future amortization expense by year for finite-lived intangible assets is presented in the table below (in thousands).


2026 (remaining six months)	$	39,861
2027	79,114
2028	77,642
2029	77,564
2030	20,253
	$	294,434

Note 4 — Revenue and Related Matters

Disaggregated Revenue — The Company’s 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 June 30, 2026
Primary Geographic Market			Insights		Conferences		Consulting		Total
United States and Canada			$	769,525	$	162,259	$	92,467	$	1,024,251
Europe, Middle East and Africa			355,022		64,910		38,237		458,169
Other International			165,323		16,988		11,212		193,523
Total revenues			$	1,289,870	$	244,157	$	141,916	$	1,675,943

Three Months Ended June 30, 2025
Primary Geographic Market	Insights		Conferences		Consulting		Other		Total
United States and Canada	$	780,245	$	138,285	$	91,779	$	46,113	$	1,056,422
Europe, Middle East and Africa	322,523		55,295		42,796		7,294		427,908
Other International	160,737		17,827		21,019		2,541		202,124
Total revenues	$	1,263,505	$	211,407	$	155,594	$	55,948	$	1,686,454

Six Months Ended June 30, 2026
Primary Geographic Market	Insights		Conferences		Consulting		Other		Total
United States and Canada	$	1,540,893	$	219,559	$	173,551	$	14,553	$	1,948,556
Europe, Middle East and Africa	712,178		76,237		66,527		3,358		858,300
Other International	330,994		26,686		20,967		1,481		380,128
Total revenues	$	2,584,065	$	322,482	$	261,045	$	19,392	$	3,186,984

Six Months Ended June 30, 2025
Primary Geographic Market	Insights		Conferences		Consulting		Other		Total
United States and Canada	$	1,572,078	$	193,869	$	182,743	$	101,561	$	2,050,251
Europe, Middle East and Africa	636,030		64,437		75,099		15,487		791,053
Other International	310,966		25,698		37,458		5,158		379,280
Total revenues	$	2,519,074	$	284,004	$	295,300	$	122,206	$	3,220,584

(1)Revenue is reported based on where the sale is fulfilled.

The Company’s revenues are generated primarily through direct sales to clients by domestic and international sales forces and several independent international sales agents.

By Timing of Revenue Recognition


Three Months Ended June 30, 2026
Timing of Revenue Recognition			Insights		Conferences		Consulting		Total
Transferred over time (1)			$	1,287,650	$	—	$	95,800	$	1,383,450
Transferred at a point in time (2)			2,220		244,157		46,116		292,493
Total revenues			$	1,289,870	$	244,157	$	141,916	$	1,675,943

Three Months Ended June 30, 2025
Timing of Revenue Recognition	Insights		Conferences		Consulting		Other		Total
Transferred over time (1)	$	1,260,549	$	—	$	109,882	$	362	$	1,370,793
Transferred at a point in time (2)	2,956		211,407		45,712		55,586		315,661
Total revenues	$	1,263,505	$	211,407	$	155,594	$	55,948	$	1,686,454


Six Months Ended June 30, 2026
Timing of Revenue Recognition	Insights		Conferences		Consulting		Other		Total
Transferred over time (1)	$	2,579,903	$	—	$	185,959	$	74	$	2,765,936
Transferred at a point in time (2)	4,162		322,482		75,086		19,318		421,048
Total revenues	$	2,584,065	$	322,482	$	261,045	$	19,392	$	3,186,984

Six Months Ended June 30, 2025
Timing of Revenue Recognition	Insights		Conferences		Consulting		Other		Total
Transferred over time (1)	$	2,512,737	$	—	$	214,034	$	762	$	2,727,533
Transferred at a point in time (2)	6,337		284,004		81,266		121,444		493,051
Total revenues	$	2,519,074	$	284,004	$	295,300	$	122,206	$	3,220,584

(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. Consulting revenues in this category are recognized over time using costs incurred to date relative to total estimated costs at completion.

(2)The revenues in this category are recognized in connection with performance obligations that are satisfied at the point in time that the contractual deliverables are provided to the customer.

Performance Obligations — For customer contracts that are greater than one year in duration, the aggregate amount of the transaction price allocated to performance obligations that were unsatisfied (or partially unsatisfied) as of June 30, 2026 was approximately $6.5 billion. The Company expects to recognize $2.3 billion, $3.0 billion and $1.2 billion of this revenue (most of which pertains to Insights) during the remainder of 2026, the year ending December 31, 2027 and thereafter, respectively. The Company applies a practical expedient that is permitted under ASC Topic 606 and, accordingly, it does not disclose such performance obligation information for customer contracts that have original durations of one year or less. The Company’s performance obligations for contracts meeting this ASC Topic 606 disclosure exclusion primarily include: (i) stand-ready services under Insights subscription contracts; (ii) holding conferences and meetings where attendees and exhibitors can participate; and (iii) providing customized Consulting solutions for clients under fixed fee and time and materials engagements. The remaining duration of these performance obligations is generally less than one year, which aligns with the period that the parties have enforceable rights and obligations under the affected contracts.

Customer Contract Assets and Liabilities — The timing of the recognition of revenue and the amount and timing of the Company’s billings and cash collections, including upfront customer payments, result in the recognition of both assets and liabilities on the Company’s Condensed Consolidated Balance Sheets. The table below provides information regarding certain of the Company’s balance sheet accounts that pertain to its contracts with customers (in thousands).


	June 30,		December 31,
	2026		2025
Assets:
Fees receivable, gross (1)	$	1,206,712	$	1,689,522
Contract assets recorded in Prepaid expenses and other current assets (2)	$	55,355	$	40,534

Contract liabilities:
Deferred revenues (current liability) (3)	$	2,756,202	$	2,810,056
Non-current deferred revenues recorded in Other liabilities (3)	28,344		31,569
Total contract liabilities	$	2,784,546	$	2,841,625

(1)Fees receivable represent an unconditional right to payment from the Company’s customers and include both billed and unbilled amounts.

(2)Contract assets represent recognized revenue for which the Company does not have an unconditional right to payment as of the balance sheet date because the project may be subject to a progress billing milestone or some other billing restrictions.

(3)Deferred revenues represent amounts (i) for which the Company has received an upfront customer payment or (ii) that pertain to recognized fees receivable. Both situations occur before the completion of the Company’s performance obligation(s).

The Company recognized revenue of $1.3 billion and $1.2 billion during the three months ended June 30, 2026 and 2025, and $1.9 billion and $1.8 billion during the six months ended June 30, 2026 and 2025, respectively, that was attributable to deferred revenues that were recorded at the beginning of each such period. Those amounts primarily consisted of Insights revenues that were recognized ratably as control of the goods or services passed to the customer during the reporting periods. During each of the three months ended June 30, 2026 and 2025, the Company did not record any material impairments related to its contract assets.

Note 5 — Computation of Earnings Per Share

Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of shares of common stock, par value $0.0005 per share, (the “Common Stock”) outstanding during the period. Diluted EPS reflects the potential dilution of securities that could share in earnings. Potential shares of common stock are excluded from the computation of diluted earnings per share when their effect would be anti-dilutive.

The table below sets forth the calculation of basic and diluted income per share for the periods indicated (in thousands, except per share data).


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
Numerator:
Net income used for calculating basic and diluted income per share	$	275,498	$	240,783	$	497,842	$	451,722
Denominator:
Weighted average common shares used in the calculation of basic income per share	66,501		77,157		68,149		77,257
Dilutive effect of outstanding awards associated with stock-based compensation plans (1)	80		202		139		349
Shares used in the calculation of diluted income per share	66,581		77,359		68,288		77,606
Basic income per share	$	4.14	$	3.12	$	7.31	$	5.85
Diluted income per share	$	4.14	$	3.11	$	7.29	$	5.82

(1)Certain outstanding awards associated with stock-based compensation plans were not included in the computation of diluted income per share because the effect would have been anti-dilutive. These anti-dilutive outstanding awards associated with stock-based compensation plans was 1.0 million and 0.4 million for the three months ended June 30, 2026 and 2025, respectively, and 0.9 million and 0.3 million for the six months ended June 30, 2026 and 2025, respectively.

Note 6 — Stock-Based Compensation

The Company grants stock-based compensation awards as an incentive for employees and directors to contribute to the Company’s 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 June 30, 2026, the Company had 3.9 million shares of its 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 Company’s stock-based compensation expense by award type and expense category line item during the periods indicated (in millions).


	Three Months Ended				Six Months Ended
	June 30,				June 30,
Award type	2026		2025		2026		2025
Stock appreciation rights	$	3.5	$	4.0	$	6.6	$	7.4
Restricted stock units	37.2		38.7		79.7		85.3
Common stock equivalents	0.3		0.3		0.6		0.5
Total (1)	$	41.0	$	43.0	$	86.9	$	93.2


	Three Months Ended				Six Months Ended
	June 30,				June 30,
Expense category line item	2026		2025		2026		2025
Cost of services and product development	$	16.0	$	16.9	$	32.8	$	37.5
Selling, general and administrative	25.0		26.1		54.1		55.7
Total (1)	$	41.0	$	43.0	$	86.9	$	93.2

(1)Includes costs of $17.8 million and $19.0 million during the three months ended June 30, 2026 and 2025, and $41.3 million and $47.0 million during the six months ended June 30, 2026 and 2025, respectively, for awards to retirement-eligible employees. Those awards are expensed on an accelerated basis.

Note 7 — Segment Information

The Company’s 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 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.

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, Selling, general and administrative expenses, Depreciation, Amortization of intangibles and Gain from sale of divested operation. Certain bonus and fringe benefit costs included in consolidated Cost of services and product development are not allocated to segment expense. The CODM uses gross contribution to allocate resources (including financial resources and employees) for each segment primarily in the Company's annual budgeting process. The CODM then monitors budgeted versus actual results regularly to

assess segment operating performance, identify business trends, and modify resource allocations as needed. The accounting policies used by the reportable segments are the same as those used by the Company. There are no intersegment revenues. The Company does not identify or allocate assets, including capital expenditures, by reportable segment. Accordingly, assets are not reported by segment because the information is not available by segment and is not reviewed in the evaluation of segment performance or in making decisions regarding the allocation of resources.

The tables below present information about the Company’s reportable segments for the periods indicated (in thousands).


Three Months Ended June 30, 2026	Insights		Conferences		Consulting		Consolidated
Revenues	$	1,289,870	$	244,157	$	141,916	$	1,675,943
Less:
Personnel expenses	275,672		19,227		80,825		375,724
Product and content delivery expenses	7,230		73,645		3,826		84,701
Other expenses (1)	7,596		6,063		3,495		17,154
Gross contribution	999,372		145,222		53,770		1,198,364
Cost of services and product development - unallocated (2)							9,330
Selling, general and administrative							764,592
Depreciation and amortization							45,183


Gain from sale of divested operation							739
Interest expenses and other, net							23,897
Income before income taxes							$	354,623


Three Months Ended June 30, 2025	Insights		Conferences		Consulting		Other (3)		Consolidated
Revenues	$	1,263,505	$	211,407	$	155,594	$	55,948	$	1,686,454
Less:
Personnel expenses	289,436		18,881		86,511		10,089		404,917
Product and content delivery expenses	6,931		65,197		4,052		31,367		107,547
Other expenses (1)	6,406		5,941		3,476		549		16,372
Gross contribution	960,732		121,388		61,555		13,943		1,157,618
Cost of services and product development - unallocated (2)									2,895
Selling, general and administrative									776,888
Depreciation and amortization									50,739


Interest expenses and other, net									9,303

Income before income taxes									$	317,793


Six Months Ended June 30, 2026	Insights		Conferences		Consulting		Other (3)		Consolidated
Revenues	$	2,584,065	$	322,482	$	261,045	$	19,392	$	3,186,984
Less:
Personnel expenses	547,630		37,258		156,441		2,210		743,539
Product and content delivery expenses	10,860		100,401		6,765		9,475		127,501
Other expenses (1)	14,686		9,192		7,264		130		31,272
Gross contribution	2,010,889		175,631		90,575		7,577		2,284,672
Cost of services and product development - unallocated (2)									13,904
Selling, general and administrative									1,490,941
Depreciation and amortization									90,614


Gain from sale of divested operation									(5,399)
Interest expenses and other, net									47,577
Income before income taxes									$	647,035


Six Months Ended June 30, 2025	Insights		Conferences		Consulting		Other (3)		Consolidated
Revenues	$	2,519,074	$	284,004	$	295,300	$	122,206	$	3,220,584
Less:
Personnel expenses	568,427		36,626		165,603		20,460		791,116
Product and content delivery expenses	11,327		89,368		7,314		68,148		176,157
Other expenses (1)	12,640		9,240		7,436		1,080		30,396
Gross contribution	1,926,680		148,770		114,947		32,518		2,222,915
Cost of services and product development - unallocated (2)									9,092
Selling, general and administrative									1,507,196
Depreciation and amortization									101,499



Interest expenses and other, net									20,327

Income before income taxes									$	584,801

(1)Other expenses consists primarily of travel and entertainment and workplace expenses.

(2)The unallocated amounts consist of certain bonus and fringe costs recorded in consolidated Cost of services and product development that are not allocated to segment expense. The Company’s policy is to allocate bonuses to segments at 100% of a segment employee’s target bonus. Amounts above or below 100% are absorbed by corporate.

(3)Other includes the Company's Digital Markets operating segment, which was divested during the three months ended March 31, 2026. See Note 2 — Divestiture for additional information.

Note 8 — Debt

The Company’s total outstanding borrowings are summarized in the table below (in thousands).


	June 30,		December 31,
Description	2026		2025
2024 Credit Agreement - Revolving credit facility (1)	$	—	$	—
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		350,000
5.60% Senior Notes due 2035 (“2035 Notes”)	450,000		450,000
Other (2)	—		5,000
Principal amount outstanding (3)	3,000,000		3,005,000
Less: Deferred financing fees and unamortized discounts (4)	(20,719)		(23,326)
Net balance sheet carrying amount	$	2,979,281	$	2,981,674

(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 June 30, 2026.

(2)Consists of a State of Connecticut economic development loan originated in 2019 with a 10-year maturity and bore interest at a fixed rate of 1.75%. The Company repaid the loan in April 2026.

(3)The weighted average annual effective rate on the Company’s outstanding debt for the three and six months ended June 30, 2026, was 4.31% and 4.32%, respectively.

(4)Deferred financing fees and unamortized discounts are being amortized to Interest expense, net 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, as borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.

The 2024 Credit Agreement provides for a $1.0 billion senior unsecured five-year revolving facility. The facility may be increased, at the Company’s option and under certain conditions, by up to an additional $750 million in the aggregate. The facility may be used for revolving loans, and up to $75.0 million may be used for letters of credit. The revolving loans may be borrowed, repaid and re-borrowed until March 26, 2029, at which time all amounts borrowed must be repaid, subject to customary extension mechanics. The 2024 Credit Agreement contains certain customary restrictive loan covenants, including, among others, a financial covenant requiring a maximum leverage ratio and covenants limiting the Company’s ability to grant liens, make acquisitions, be acquired and the ability of the Company’s subsidiaries to incur indebtedness. The Company was in compliance with all financial covenants as of June 30, 2026.

Interest under the revolving facility accrues, at a variable rate, based on, at our option, (i) the Term Secured Overnight Funding Rate (“SOFR”) plus a credit spread adjustment of 0.10% or (ii) an alternate base rate (“Base Rate”) plus, in each case, an applicable margin, and is payable monthly. The applicable margin ranges between 1.125% and 1.75%, depending on the lower rate determined by either the Company’s leverage ratio or the credit rating of the Company’s senior unsecured debt. At June 30, 2026, the applicable all-in margin on the revolving facility was 1.48% (including the credit spread adjustment). The contractual annualized interest rate as of June 30, 2026 on the 2024 Credit Agreement was 5.23%, which consisted of SOFR of 3.75% plus a margin of 1.48%. The commitment fee payable on the unused portion of the facility is equal to between 0.125% and 0.25% based on utilization of the facility. The Company has also agreed to pay customary letter of credit fees.

2031 and 2035 Notes

On November 20, 2025, the Company completed the public offering and issuance of $350.0 million aggregate principal amount of its 4.950% Senior Notes due 2031 and $450.0 million aggregate principal amount of its 5.600% Senior Notes due 2035 (together, the “Notes”). The 2031 Notes were issued at an issue price of 99.970% and the 2035 Notes were issued at an issue price of 99.992%. The Notes were offered and sold pursuant to Gartner’s automatic shelf registration statement on Form S-3

(File No. 333-291447) and the prospectus included therein, filed with the Securities and Exchange Commission on November 12, 2025, and supplemented by the prospectus supplement dated November 13, 2025.

The Company received approximately $799.9 million in net proceeds, after discounts and before underwriting fees and offering expenses, from the sale of the Notes. The Company used a portion of the net proceeds from the offering of the Notes to repay the $274.4 million then outstanding under the 2024 Credit Agreement and to pay related fees and expenses, with remaining amounts to be used for general corporate purposes, which may include, without limitation, potential repurchases of its Common Stock.

2029 Notes

On June 18, 2021, the Company issued $600.0 million aggregate principal amount of 3.625% Senior Notes due 2029. The 2029 Notes were issued at an issue price of 100.0% and bear interest at a rate of 3.625% per annum. Interest on the 2029 Notes is payable on June 15 and December 15 of each year, beginning on December 15, 2021. The 2029 Notes will mature on June 15, 2029. The Company may redeem some or all of the 2029 Notes at any time on or after June 15, 2024 for cash at the redemption prices set forth in the 2029 Notes Indenture, plus accrued and unpaid interest to, but excluding, the redemption date.

2030 Notes

On September 28, 2020, the Company issued $800.0 million aggregate principal amount of 3.75% Senior Notes due 2030. The 2030 Notes were issued at an issue price of 100.0% and bear interest at a rate of 3.75% per annum. Interest on the 2030 Notes is payable on April 1 and October 1 of each year, beginning on April 1, 2021. The 2030 Notes will mature on October 1, 2030.

The Company may redeem some or all of the 2030 Notes at any time on or after October 1, 2025 for cash at the redemption prices set forth in the 2030 Note Indenture, plus accrued and unpaid interest to, but excluding, the redemption date. Prior to October 1, 2025, the Company may redeem up to 40% of the aggregate principal amount of the 2030 Notes in connection with certain equity offerings, or some or all of the 2030 Notes with a “make-whole” premium, in each case subject to the terms set forth in the 2030 Note Indenture.

2028 Notes

On June 22, 2020, the Company issued $800.0 million aggregate principal amount of 4.50% Senior Notes due 2028. The 2028 Notes were issued at an issue price of 100.0% and bear interest at a rate of 4.50% per annum. Interest on the 2028 Notes is payable on January 1 and July 1 of each year, beginning on January 1, 2021. The 2028 Notes will mature on July 1, 2028.

The Company may redeem some or all of the 2028 Notes at any time on or after July 1, 2023 for cash at the redemption prices set forth in the 2028 Note Indenture, plus accrued and unpaid interest to, but excluding, the redemption date.

Note 9 — Equity

Share Repurchase Authorization

In 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. As of June 30, 2026, $0.8 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 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 Company’s share repurchase activity is presented in the table below for the periods indicated.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
Number of shares repurchased (1)	3,630,175		659,883		6,940,428		960,628
Cash paid for repurchased shares (in thousands) (2)	$	547,117	$	274,483	$	1,081,754	$	437,155

(1)The average purchase price for repurchased shares was $148.93 and $417.99 for the three months ended June 30, 2026 and 2025, respectively, and $153.49 and $446.06 for the six months ended June 30, 2026 and 2025, respectively. The repurchased shares during the three and six months ended June 30, 2026 and 2025 included purchases for both open market purchases and stock-based compensation award settlements.

(2)The cash paid for repurchased shares during the six months ended June 30, 2026 excluded excise tax accrued and included $10.0 million of open market purchases with trade dates in December 2025 that settled in January 2026. The cash paid for repurchased shares during the three months ended June 30, 2026 excluded $11.3 million of open market purchases with trade dates in June 2026 that settled in July 2026 and excise tax accrued. The cash paid for repurchased shares during the six months ended June 30, 2025 included $10.0 million of open market purchases with trade dates in December 2024 that settled in January 2025. The cash paid for repurchased shares during the three months ended June 30, 2025 excluded $6.0 million of open market purchases with trade dates in June 2025 that settled in July 2025 and excise tax accrued.

Accumulated Other Comprehensive Loss, net (“AOCL”)

The tables below provide information about the changes in AOCL by component and the related amounts reclassified out of AOCL to income during the periods indicated (net of tax, in thousands) (1).

Three Months Ended June 30, 2026


	Defined Benefit Pension Plans		Foreign Currency Translation Adjustments		Total
Balance – March 31, 2026	$	(6,131)	$	(38,924)	$	(45,055)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income	—		(7,892)		(7,892)
Reclassifications from AOCL to income (2), (3)	117		411		528
Other comprehensive income (loss), net	117		(7,481)		(7,364)
Balance – June 30, 2026	$	(6,014)	$	(46,405)	$	(52,419)

Three Months Ended June 30, 2025


	Interest Rate Swaps		Defined Benefit Pension Plans		Foreign Currency Translation Adjustments		Total
Balance – March 31, 2025	$	(6,410)	$	(5,166)	$	(56,273)	$	(67,849)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income	—		—		17,789		17,789
Reclassifications from AOCL to income (2), (4)	3,394		51		—		3,445
Other comprehensive income (loss), net	3,394		51		17,789		21,234
Balance – June 30, 2025	$	(3,016)	$	(5,115)	$	(38,484)	$	(46,615)


Six Months Ended June 30, 2026
	Defined Benefit Pension Plans		Foreign Currency Translation Adjustments		Total
Balance – December 31, 2025	$	(5,944)	$	(35,071)	$	(41,015)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income	—		(11,745)		(11,745)
Reclassifications from AOCL to income (2), (3)	(70)		411		341
Other comprehensive income (loss), net	(70)		(11,334)		(11,404)
Balance – June 30, 2026	$	(6,014)	$	(46,405)	$	(52,419)


Six Months Ended June 30, 2025
	Interest Rate Swaps		Defined Benefit Pension Plans		Foreign Currency Translation Adjustments		Total
Balance – December 31, 2024	$	(9,800)	$	(5,214)	$	(73,319)	$	(88,333)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income	—		—		34,835		34,835
Reclassifications from AOCL to income (2), (4)	6,784		99		—		6,883
Other comprehensive income (loss), net	6,784		99		34,835		41,718
Balance – June 30, 2025	$	(3,016)	$	(5,115)	$	(38,484)	$	(46,615)

(1)Amounts in parentheses represent debits (deferred losses).

(2)The reclassifications related to defined benefit pension plans were recorded in Other (expense) income, net.

(3)The reclassification related to foreign currency translation adjustments was recorded to Gain from sale of divested operation.

(4)$4.5 million and $8.9 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the three and six months ended June 30, 2025, respectively. The swap contract matured in September 2025.

Note 10 — Income Taxes

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.

The Company had gross unrecognized tax benefits of $297.7 million on June 30, 2026 and $301.6 million on December 31, 2025.

Recent legislative developments in the U.S. and internationally have introduced significant changes to tax frameworks, including modifications impacting business provisions, international taxation, and global minimum tax requirements. These changes have various effective dates, with some provisions already in effect and others to be implemented over the coming years. While these evolving legislative measures have not had a material impact on the Company’s consolidated financial

results in the current period, the Company is actively monitoring and assessing their potential effects. The Company will continue to evaluate and reflect the impact of these legislative changes in its future financial statements as appropriate.

Note 11 — Derivatives and Hedging

The Company enters into a limited number of derivative contracts to mitigate the cash flow risk associated with changes in interest rates on variable-rate debt and changes in foreign exchange rates on forecasted foreign currency transactions. The Company accounts for its outstanding derivative contracts in accordance with FASB ASC Topic 815, which requires all derivatives, including derivatives designated as accounting hedges, to be recorded on the balance sheet at fair value. The tables below provide information regarding the Company’s outstanding derivative contracts as of the dates indicated (in thousands, except for number of contracts).


June 30, 2026
Derivative Contract Type	Number of Contracts	Notional Amounts		Fair Value Asset (Liability), Net (2)		Balance Sheet Line Item

Foreign currency forwards (1)	28	$	89,849	$	(234)	Other current assets/ accrued liabilities


December 31, 2025
Derivative Contract Type	Number of Contracts	Notional Amounts		Fair Value Asset (Liability), Net (2)		Balance Sheet Line Item
Foreign currency forwards (1)	104	$	427,482	$	230	Other current assets/ accrued liabilities

(1)The Company has foreign exchange transaction risk because it typically enters into transactions in the normal course of business that are denominated in foreign currencies that differ from the local functional currency. The Company enters into short-term foreign currency forward exchange contracts to mitigate the cash flow risk associated with changes in foreign currency rates on forecasted foreign currency transactions. These contracts are accounted for at fair value with realized and unrealized gains and losses recognized in Other (expense) income, net because the Company does not designate these contracts as hedges for accounting purposes. All of the outstanding foreign currency forward exchange contracts at June 30, 2026 matured before July 31, 2026.

(2)See Note 12 — Fair Value Disclosures for the determination of the fair values of these instruments.

At June 30, 2026, all of the Company’s derivative counterparties were investment grade financial institutions. The Company did not have any collateral arrangements with its derivative counterparties and none of the derivative contracts contained credit-risk related contingent features. The table below provides information regarding amounts recognized in the accompanying Condensed Consolidated Statements of Operations for derivative contracts for the periods indicated (in thousands).


	Three Months Ended				Six Months Ended
	June 30,				June 30,
Amount recorded in:	2026		2025		2026		2025
Interest expense, net (1)	$	—	$	4,471	$	—	$	8,935
Other expense (income), net (2)	2,212		62		3,430		(534)
Total expense, net	$	2,212	$	4,533	$	3,430	$	8,401

(1)Consists of interest expense from interest rate swap contracts.

(2)Consists of net realized and unrealized gains and losses on foreign currency forward contracts and in 2025 also included a gain on a de-designated interest rate swap.

Note 12 — Fair Value Disclosures

The Company’s 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 Company’s 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 Company’s 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 markets for identical assets or liabilities. Level 2 measurements include significant other observable inputs such as quoted prices for similar assets or liabilities in active markets; identical assets or liabilities in inactive markets; observable inputs such as interest rates and yield curves; and other market-corroborated inputs. Level 3 measurements include significant unobservable inputs such as internally-created valuation models. Generally, the Company does not utilize Level 3 valuation inputs to remeasure any of its assets or liabilities. However, Level 3 inputs may be used by the Company when certain long-lived assets, including identifiable intangible assets, goodwill, and right-of-use assets are measured at fair value on a nonrecurring basis when there are indicators of impairment. Additionally, Level 3 inputs may be used by the Company in its required annual impairment review of goodwill. Information regarding the periodic assessment of the Company’s goodwill is included in Note 3 — Goodwill and Intangible Assets. The Company does not typically transfer assets or liabilities between different levels of the valuation hierarchy.

The table below presents the fair values of certain financial assets and liabilities that are measured at fair value on a recurring basis in the Company's financial statements (in thousands).


Description	June 30, 2026		December 31, 2025
Assets:
Values based on Level 1 inputs:
Deferred compensation plan assets (1)	$	25,196	$	19,188
Total Level 1 inputs	25,196		19,188
Values based on Level 2 inputs:
Deferred compensation plan assets (1)	167,923		155,949
Foreign currency forward contracts (2)	63		1,169

Total Level 2 inputs	167,986		157,118
Total Assets	$	193,182	$	176,306
Liabilities:
Values based on Level 2 inputs:
Deferred compensation plan liabilities (1)	$	200,146	$	178,331
Foreign currency forward contracts (2)	297		939
Total Level 2 inputs	200,443		179,270
Total Liabilities	$	200,443	$	179,270

(1)The Company has a deferred compensation plan for the benefit of certain highly compensated officers, managers and other key employees. The assets consist of investments in money market funds, mutual funds and company-owned life insurance contracts, which are valued based on Level 1 or Level 2 inputs. The related deferred compensation plan liabilities are recorded at fair value, or the estimated amount needed to settle the liability, which the Company considers to be a Level 2 input.

(2)The Company enters into foreign currency forward exchange contracts to hedge the effects of adverse fluctuations in foreign currency exchange rates (see Note 11 — Derivatives and Hedging). Valuation of these contracts is based on observable foreign currency exchange rates in active markets, which the Company considers to be a Level 2 input.

The table below presents the carrying amounts (net of deferred financing costs) and fair values of financial instruments that are not recorded at fair value in the Company’s Condensed Consolidated Balance Sheets (in thousands). The estimated fair value of the financial instruments was derived from quoted market prices provided by an independent dealer, which the Company considers to be a Level 2 input.


	Carrying Amount				Fair Value
	June 30,		December 31,		June 30,		December 31,
Description	2026		2025		2026		2025
2028 Notes	$	797,218	$	796,563	$	787,488	$	798,080
2029 Notes	597,046		596,578		567,546		578,760
2030 Notes	795,506		795,024		732,376		759,224
2031 Notes	346,855		346,564		339,602		351,869
2035 Notes	445,587		445,411		426,123		450,657
Total	$	2,982,212	$	2,980,140	$	2,853,135	$	2,938,590

Note 13 — 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 Company’s obligations and the unique facts of each particular agreement. Historically, payments made by the Company under

these agreements have not been material. As of June 30, 2026, the Company did not have any material payment obligations under any such indemnification agreements.

Note 14 — Leases

The Company’s leasing activities are primarily for facilities under cancelable and non-cancelable lease agreements expiring during 2026 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 fifteen years and/or (ii) options to terminate the agreement within one year. Additionally, certain of the Company’s lease agreements provide standard recurring escalations of lease payments for, among other things, increases in a lessor’s 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 Company’s 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 2027 and through 2032 and primarily relate to facilities in Arlington, Virginia. Certain of the Company’s 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.

All of the Company’s leasing and subleasing activity is recognized in Selling, general and administrative expense in the accompanying Condensed Consolidated Statements of Operations. The table below presents the Company’s net lease cost and certain other information related to the Company’s leasing activities as of and for the periods indicated (dollars in thousands).


	Three Months Ended				Six Months Ended
	June 30,				June 30,
Description:	2026		2025		2026		2025
Operating lease cost (1)	$	19,931	$	23,296	$	39,820	$	47,644
Lease cost (2)	4,333		4,096		9,638		9,781
Sublease income	(11,207)		(11,123)		(22,328)		(22,509)
Total lease cost, net (3)	$	13,057	$	16,269	$	27,130	$	34,916
Cash paid for amounts included in the measurement of operating lease liabilities	$	27,673	$	38,380	$	55,312	$	67,037
Cash receipts from sublease arrangements	$	11,571	$	10,936	$	22,930	$	22,080
Right-of-use assets obtained in exchange for new operating lease liabilities	$	1,817	$	10,048	$	27,698	$	15,119

(1)Included in operating lease cost was $8.0 million and $8.4 million for the three months ended June 30, 2026 and 2025, respectively, and $16.0 million and $16.9 million for the six months ended June 30, 2026 and 2025, respectively, for costs related to subleasing activities.

(2)These amounts are primarily variable lease and non-lease costs that are not fixed at the lease commencement date or are dependent on something other than an index or a rate.

(3)The Company did not capitalize any operating lease costs during any of the periods presented.

The table below indicates where the discounted operating lease payments from the above table are classified in the accompanying Condensed Consolidated Balance Sheets (in thousands).


	June 30,		December 31,
Description:	2026		2025
Accounts payable and accrued liabilities	$	96,789	$	96,076
Operating lease liabilities	253,426		270,200
Total operating lease liabilities included in the Condensed Consolidated Balance Sheets	$	350,215	$	366,276

Note 15 — Subsequent Event

On July 30, 2026, the Company’s Board of Directors authorized incremental share repurchases of up to an additional $500.0 million of Gartner’s Common Stock. This authorization is in addition to the previously authorized repurchases of up to $8.1 billion, which, as of the end of July 2026, had approximately $640.0 million remaining.

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