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NYSE: IT NYSE IT Consulting & Other Services Next results ~November 3, 2026

B Fundamentals grade

Gartner is a US-listed company in the IT consulting & other services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$300

Cash-flow model

Base case. Range ~$220–$410 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 22% below our base value.

Price used: $235.26, November 2, 2026

Gartner valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Gartner files

10-Q filed November 3: Gartner

Rating: Hold to Buy Model value +3.1%

Gartner's revenue for the twelve months to September 2026 came in at $6.44bn, down 0.2% on a year earlier, a reversal from growth of 0.7% a quarter earlier. Profitability told a better story: free-cash-flow margin rose to 20.1% from 18.8%, while operating margin widened to 20.3% from 15.6%. Buybacks have also helped, with the diluted share count down 11.5% on a year earlier, lifting each remaining share's claim on earnings. These shifts push the fundamentals grade from C to B, and our model value rises from $293 to $302 a share. Against a share price of $235, the rating moves from Hold to Buy. At that price, the market appears to be pricing in cash flow shrinking about 4.7% a year for five years, well below the 6.4% a year revenue growth Gartner has actually delivered.

Source: 10-Q filed November 3, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Gartner stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $6.46bn, up 0.7% on a year earlier, slower than 2.3% a quarter earlier. That puts it 802 of 931 for growth among all the companies we cover. Free-cash-flow margin fell to 19.9% from 23.5% a year earlier. The diluted share count is down 8.8% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 5 financial-health checks. Our cash-flow model value is $269 a share, against a share price of $217. At that price, our model says the market is pricing in cash flow shrinking about 0.9% a year for five years, slower than the 6.4% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Gartner's trailing-twelve-month revenue fell 0.2% year on year, with a free-cash-flow margin of 20.1%. Where it stands out: change in share count of -11.5% ranks 1 of 39 it consulting & other services companies we cover. Where it lags: long-term debt as % of assets of 41.7% ranks 24 of 27 it consulting & other services companies we cover.

Our discounted-cash-flow model values the business at ~$300 per share in the base case (~$220–$410 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -0.2% (-0.9pp vs the prior quarter), the 7th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $235.26 is 24% below our value per share of $290.
  • Margins widening. Operating margin is up 4.7 points on a year ago.
  • Strong cash generation. 20.1% of revenue turned into free cash flow, against a median of 5.1% for it consulting & other services companies we cover.
  • Shrinking share count. Diluted shares fell 11.5% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Revenue shrinking. Revenue fell 0.2% over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 57% and a beta of 0.3 against the S&P 500.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 41.7% ranks 24 of 27 it consulting & other services companies we cover (median 11.8%).
  • Heavily shorted. 14.8% of the shares available to trade are sold short (7.1 days of average volume to cover).

Latest results: FY2026 Q3

Filed November 3, 2026
Earnings per share
$4.37 against an average estimate of $3.73: beat by 17.1%
Revenue
$1.50bn, down 1.3% on a year earlier
Next report
November 3, 2026; average EPS estimate $2.84

Gartner's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.8%
  • 1 week+1.8%
  • 1 month+27.3%
  • This year-6.7%
  • 1 year-5.3%
  • 5 years-27.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$6.4B
Operating margin
20.3%
Net margin
14.8%
EPS (TTM, diluted)
$14.00

Growth

Revenue growth
−0.2%
Change in growth rate
−0.9 pts
Share count change
−11.5%

Cash

Free cash flow (TTM)
$1.3B
FCF margin
20.1%
Stock pay % of revenue
2.4%

Earnings

Last results
November 3, 2026
Next results (est.)
February 2, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Gartner valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 4.7% a year for five years.That is slower than the 6.4% a year revenue growth Gartner has delivered.

  • Priced in-4.7%
  • Last 12 months-0.2%
  • 3 years a year3.4%
  • 5 years a year6.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($193.89, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$300
Price used
$193.89close November 3, 2026
Implied change
▲ +56%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Gartner's free cash flow after stock-based pay with after-tax interest added back ($1.2B, FY2026 Q3 TTM), growing 2.4% and 2.7% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$220–~$410 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Gartner's free cash flow after stock-based pay ( $1.2B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Gartner as an operating company, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.89 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$300 ~$220–$410 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$140 ~$130–$290 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$250 ~$140–$300 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Gartner with IT Consulting & Other Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −27%
  • Revenue growth 5 points higher ▲ +35%
  • Free-cash-flow margin 1 point lower ▼ −5%
  • Last year's free-cash-flow margin change, if it persists ▲ +7%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $255$354$485$658$883$1174
8.5% $190$262$356$480$640$847
10% $151$206$279$374$496$653

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$90.70$101.07$123.15$127.84$154.10$160.19$334.32$336.14$451.11$484.47$252.28$235.26
Market value$7.7bn$8.5bn$11.1bn$11.8bn$14.0bn$14.4bn$28.8bn$27.2bn$35.9bn$38.0bn$19.1bn$16.0bn
+ Net debt (− = net cash)$452m$228m$2.8bn$2.2bn$1.9bn$1.3bn$1.7bn$1.8bn$1.2bn$546m$1.3bn$1.4bn
Enterprise value$8.2bn$8.7bn$13.8bn$13.9bn$15.9bn$15.7bn$30.5bn$29.0bn$37.1bn$38.5bn$20.4bn$17.4bn
Multiples
Price / sales 3.6x3.5x3.3x3.0x3.3x3.5x6.1x5.0x6.1x6.1x2.9x2.5x
Price / earnings 43.9x43.8xn/m96.2x60.1x54.1x36.3x33.7x40.7x30.3x26.2x16.8x
Price / free cash flow 25.8x26.8x76.9x34.2x33.7x17.6x23.0x27.4x34.1x27.4x16.2x12.4x
EV / EBITDA 24.4x23.7x59.2x27.0x27.4x22.2x27.1x22.5x26.0x28.3x16.6x11.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

67 /100

Moderate moat

How hard Gartner's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 22.3% of total assets over 6 years.

  • Pricing power 17 / 20

    Gross margin has been a median 61.0%, moving by 4.6 percentage points (standard deviation) across 7 years.

  • Durability 6 / 20

    Operating margin has been a median 16.8%; its worst year was 1.3%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 10 of 10 years, at a median 18.2% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 22.2% over five years; stock-based pay has been a median 2.0% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (82 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, before the open. Analysts expect revenue of $1.5bn and EPS of $2.84 (range $2.67 to $3.09) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $14.45 +10% $6.4bn −1%
Next $16.39 +13% $6.7bn +4%

Next year's EPS estimate has moved +7.1% in 90 days, across 15 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +5.6% on 90 days ago. In the last 30 days, 1 analyst raised Gartner's forecast and 2 cut it.

Consensus EPS forecast Gartner, last 90 days
$13.00 $14.00 $15.00 $16.00 $17.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $13.68 Current fiscal year, 60 days ago: $14.49 Current fiscal year, 30 days ago: $14.45 Current fiscal year, 7 days ago: $14.45 Current fiscal year, Now: $14.45 $14.45 Next fiscal year, 90 days ago: $15.30 Next fiscal year, 60 days ago: $16.45 Next fiscal year, 30 days ago: $16.37 Next fiscal year, 7 days ago: $16.39 Next fiscal year, Now: $16.39 $16.39

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $13.68$15.30
60 days ago $14.49$16.45
30 days ago $14.45$16.37
7 days ago $14.45$16.39
Now $14.45$16.39

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $3.73 $4.37 +17.1%
Mar 2026 $2.92 $3.32 +13.6%
Dec 2025 $3.51 $3.94 +12.2%
Sept 2025 $2.43 $2.76 +13.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026

No numeric guidance in Gartner's latest earnings release (filed August 4, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Gartner's revenue by +2.4% next year and +2.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+2.5%, weight 69%) and the company's own record (+2.0%, weight 31%) . How the weights are set.

Analyst recommendations

15 analysts, Oct 2026
Buy320%
Hold960%
Sell320%

Monthly trend

  1. Oct 202639215
  2. Sep 202631015
  3. Aug 202631015
  4. Jul 202631015

Counts of recommendations published by analysts covering Gartner, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
14.8%
of tradable shares
Days to cover
7.11
at average volume
Short interest, 1 month
−21%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
2.7%
of shares
Employees
19,285
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −5.3%

$248.34 on October 31, 2025 to $235.26

ThenNowEffect
Revenue (last 12 months) $6.4bn $6.5bn +0.7%
Net margin 19.7% 12.0% −39.1%
P/E multiple 15.3x 21.5x +41.0%
Share count 78m 71m +9.7%

Biggest factor: net margin.

Last 3 years −39.2%

$386.71 on November 3, 2023 to $235.26

ThenNowEffect
Revenue (last 12 months) $5.7bn $6.5bn +12.4%
Net margin 16.1% 12.0% −25.4%
P/E multiple 33.5x 21.5x −35.8%
Share count 80m 71m +12.9%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
IT+109%+1%+34%+7%−48%−7%
Industry peers (median)+9%−35%+4%+24%−22%−16%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
IT75%42%50%67%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
IT−10%−33%−17%−15%−59%−50%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 77% from November 13, 2024 to June 22, 2026. Getting back needed a 339% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$125.73 – $254.59
From 52-week high
−7.6%
vs 50-day average
+19.4%
vs 200-day average
+39.0%
Volatility (1 year)
57%
Beta vs S&P 500
0.28

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 6 down
typical move ±9.5%
After a week
5 up, 6 down
typical move ±10.3%
After a month
4 up, 7 down
typical move ±10.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +23.0% +1.6% +23.6% +23.2%
May 5, 2026 +2.3% +2.2% +3.6% +11.6%
February 3, 2026 −22.0% −1.3% −21.0% −15.5%
November 4, 2025 −3.6% −0.8% −5.8% −5.6%
August 5, 2025 −27.6% +0.3% −31.9% −29.7%
May 6, 2025 +2.5% −0.4% +5.1% −1.3%
February 4, 2025 −1.2% +1.1% −4.7% −11.8%
November 5, 2024 +6.3% +3.7% +9.0% +2.3%
July 30, 2024 +6.4% +1.1% +0.5% +2.3%
April 30, 2024 −5.9% −1.9% −2.6% −7.6%
February 6, 2024 −4.2% +1.1% −5.0% 0.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Gartner’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.07× the last 60 days’ realised volatility .
  • Puts and calls are priced at about the same implied volatility.
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Gartner in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Gartner
$5.8B $6B $6.2B $6.4B $6.6B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $5.9B Revenue (TTM), FY24 Q1: $6B Revenue (TTM), FY24 Q2: $6.1B Revenue (TTM), FY24 Q3: $6.1B Revenue (TTM), FY24 Q4: $6.3B Revenue (TTM), FY25 Q1: $6.3B Revenue (TTM), FY25 Q2: $6.4B Revenue (TTM), FY25 Q3: $6.5B Revenue (TTM), FY25 Q4: $6.5B Revenue (TTM), FY26 Q1: $6.5B Revenue (TTM), FY26 Q2: $6.5B Revenue (TTM), FY26 Q3: $6.4B $6.4B

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $5.9B
FY24 Q1 $6B
FY24 Q2 $6.1B
FY24 Q3 $6.1B
FY24 Q4 $6.3B
FY25 Q1 $6.3B
FY25 Q2 $6.4B
FY25 Q3 $6.5B
FY25 Q4 $6.5B
FY26 Q1 $6.5B
FY26 Q2 $6.5B
FY26 Q3 $6.4B
Revenue growth, TTM YoY Gartner
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 7.9% Revenue growth, TTM YoY, FY24 Q1: 6.2% Revenue growth, TTM YoY, FY24 Q2: 5.5% Revenue growth, TTM YoY, FY24 Q3: 5.4% Revenue growth, TTM YoY, FY24 Q4: 6.1% Revenue growth, TTM YoY, FY25 Q1: 6.0% Revenue growth, TTM YoY, FY25 Q2: 5.9% Revenue growth, TTM YoY, FY25 Q3: 5.2% Revenue growth, TTM YoY, FY25 Q4: 3.7% Revenue growth, TTM YoY, FY26 Q1: 2.3% Revenue growth, TTM YoY, FY26 Q2: 0.7% Revenue growth, TTM YoY, FY26 Q3: -0.2% -0.2%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 7.9%
FY24 Q1 6.2%
FY24 Q2 5.5%
FY24 Q3 5.4%
FY24 Q4 6.1%
FY25 Q1 6.0%
FY25 Q2 5.9%
FY25 Q3 5.2%
FY25 Q4 3.7%
FY26 Q1 2.3%
FY26 Q2 0.7%
FY26 Q3 -0.2%
Operating margin (TTM) Gartner
14% 16% 18% 20% 22% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 20.9% Operating margin (TTM), FY24 Q1: 18.5% Operating margin (TTM), FY24 Q2: 18.8% Operating margin (TTM), FY24 Q3: 18.6% Operating margin (TTM), FY24 Q4: 18.4% Operating margin (TTM), FY25 Q1: 18.3% Operating margin (TTM), FY25 Q2: 18.2% Operating margin (TTM), FY25 Q3: 15.6% Operating margin (TTM), FY25 Q4: 15.8% Operating margin (TTM), FY26 Q1: 16.4% Operating margin (TTM), FY26 Q2: 17.3% Operating margin (TTM), FY26 Q3: 20.3% 20.3%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 20.9%
FY24 Q1 18.5%
FY24 Q2 18.8%
FY24 Q3 18.6%
FY24 Q4 18.4%
FY25 Q1 18.3%
FY25 Q2 18.2%
FY25 Q3 15.6%
FY25 Q4 15.8%
FY26 Q1 16.4%
FY26 Q2 17.3%
FY26 Q3 20.3%
FCF margin (TTM) Gartner
16% 18% 20% 22% 24% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 17.8% FCF margin (TTM), FY24 Q1: 18.0% FCF margin (TTM), FY24 Q2: 16.6% FCF margin (TTM), FY24 Q3: 20.7% FCF margin (TTM), FY24 Q4: 22.1% FCF margin (TTM), FY25 Q1: 23.8% FCF margin (TTM), FY25 Q2: 23.5% FCF margin (TTM), FY25 Q3: 18.8% FCF margin (TTM), FY25 Q4: 18.1% FCF margin (TTM), FY26 Q1: 19.4% FCF margin (TTM), FY26 Q2: 19.9% FCF margin (TTM), FY26 Q3: 20.1% 20.1%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 17.8%
FY24 Q1 18.0%
FY24 Q2 16.6%
FY24 Q3 20.7%
FY24 Q4 22.1%
FY25 Q1 23.8%
FY25 Q2 23.5%
FY25 Q3 18.8%
FY25 Q4 18.1%
FY26 Q1 19.4%
FY26 Q2 19.9%
FY26 Q3 20.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Gartner took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $6.5B
  2. Cost of revenue $2.1B · 31.6%
  3. Gross profit $4.5B · 68.8%
  4. Selling, general and admin $3.1B · 47.2%
  5. Other operating costs $375M · 5.8%
  6. Operating income $1B · 15.8%
  7. Income tax $239M · 3.7%
  8. Interest and other $57.6M · 0.9%
  9. Net income $729M · 11.2%

Shares of revenue. Source: Gartner's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 1,140 1,288 1,469 1,616 1,784 2,021 2,163 2,445 3,311 3,975 4,245 4,099 4,734 5,476 5,907 6,267 6,497 6,444
Gross profit 643 742 863 964 1,078 1,234 — 1,499 1,991 2,507 2,695 2,754 3,290 3,815 4,035 4,278 4,468 4,549
EBITDA 162 185 246 275 310 326 335 367 234 515 582 709 1,128 1,292 1,428 1,359 1,226 1,494
Operating income 134 149 214 246 275 286 288 305 −6 260 370 490 916 1,100 1,237 1,156 1,026 1,310
Net income 83 96 137 166 183 184 176 194 3 122 233 267 794 808 882 1,254 729 954
Diluted EPS $0.85 $0.96 $1.39 $1.73 $1.93 $2.03 $2.06 $2.31 $0.04 $1.33 $2.56 $2.96 $9.21 $9.96 $11.08 $16.00 $9.65 $14.00
Growth (year on year)
Revenue −10.9% +13.0% +14.0% +10.0% +10.4% +13.3% +7.0% +13.0% +35.5% +20.1% +6.8% −3.4% +15.5% +15.7% +7.9% +6.1% +3.7% −0.2%
EBITDA −15.8% +14.6% +32.9% +11.9% +12.5% +5.0% +2.9% +9.5% −36.3% +120.4% +12.9% +21.9% +59.1% +14.5% +10.5% −4.9% −9.8% +23.1%
Operating income −18.2% +11.0% +43.4% +14.8% +12.1% +3.9% +0.6% +6.0% −102.1% — +42.5% +32.4% +86.8% +20.1% +12.4% −6.5% −11.3% +29.8%
Net income −20.1% +16.1% +42.2% +21.2% +10.2% +0.5% −4.4% +10.2% −98.3% — +90.5% +14.3% +197.5% +1.8% +9.2% +42.1% −41.8% +7.8%
Diluted EPS −19.0% +12.9% +44.8% +24.5% +11.6% +5.2% +1.5% +12.1% −98.3% — +92.5% +15.6% +211.1% +8.1% +11.2% +44.4% −39.7% +21.8%
Margins
Gross margin 56.4% 57.6% 58.8% 59.6% 60.4% 61.1% — 61.3% 60.1% 63.1% 63.5% 67.2% 69.5% 69.7% 68.3% 68.3% 68.8% 70.6%
EBITDA margin 14.2% 14.4% 16.8% 17.0% 17.4% 16.1% 15.5% 15.0% 7.1% 13.0% 13.7% 17.3% 23.8% 23.6% 24.2% 21.7% 18.9% 23.2%
Operating margin 11.8% 11.6% 14.6% 15.2% 15.4% 14.2% 13.3% 12.5% −0.2% 6.5% 8.7% 12.0% 19.3% 20.1% 20.9% 18.4% 15.8% 20.3%
Net margin 7.3% 7.5% 9.3% 10.3% 10.2% 9.1% 8.1% 7.9% 0.1% 3.1% 5.5% 6.5% 16.8% 14.8% 14.9% 20.0% 11.2% 14.8%
Free-cash-flow margin 12.9% 14.3% 14.5% 14.6% 15.6% 15.3% 13.8% 12.9% 4.3% 8.7% 9.8% 20.0% 26.5% 18.1% 17.8% 22.1% 18.1% 20.1%
Cash flow
Cash from operations 162 205 256 280 316 347 346 366 255 471 565 903 1,312 1,101 1,156 1,485 1,290 1,378
Capital spending 15 22 42 44 36 38 46 50 111 127 149 84 60 108 103 102 115 83
Free cash flow 147 184 214 235 279 308 299 316 144 344 416 819 1,253 993 1,053 1,383 1,175 1,295
Stock-based pay 26 33 33 36 35 39 46 47 79 66 69 63 99 91 130 155 156 157
Free cash flow after stock pay 121 151 181 199 244 269 253 269 65 278 347 757 1,154 903 923 1,228 1,019 1,137
Balance sheet
Cash 117 120 143 300 424 365 373 474 539 156 281 713 756 698 1,319 1,933 1,723 1,633
Total debt 329 220 350 320 341 405 825 703 3,323 2,312 2,208 2,006 2,493 2,487 2,479 2,479 3,005 3,000
Net debt (negative = net cash) 212 100 207 20 −83 40 452 228 2,784 2,156 1,927 1,293 1,737 1,789 1,160 546 1,282 1,367
Diluted shares 98m 100m 99m 96m 95m 91m 85m 84m 90m 92m 91m 90m 86m 81m 80m 78m 76m 68m
Returned to shareholders
Buybacks 4 100 212 111 182 432 509 59 41 261 199 176 1,656 1,044 606 735 1,991 1,718
Total returned 4 100 212 111 182 432 509 59 41 261 199 176 1,656 1,044 606 735 1,991 1,718

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · September 30, 2026
What it owns · $7.2bn
Short-term assets $3.2bnLonger-term assets $3.9bn
What it owes, and who funded it · $7.2bn
Short-term liabilities $3.5bnLonger-term liabilities $3.7bnShareholders' equity $-35m
  • Short-term assets cover short-term liabilities $3.2bn of assets due within a year against $3.5bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $3.2bn short-term assets against $3.7bn of longer-dated liabilities.
  • More cash than debt $1.6bn of cash against $3.0bn of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $1.4bn of operating cash flow against $3.0bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.3bn against $151m of interest.

From Gartner's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$1.7B
Returned to shareholders
133%
of free cash flow
Buybacks, last 3 fiscal years
$3.3B
Diluted share count
−11.5%
year over year
Total shareholder yield
13.9%
dividends 0.0% + buybacks 13.9% of market value
Sales & admin spending
47.1%
of revenue
Days sales outstanding
58 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in it consulting & other services
Last 12 months unless stated IT EPAM SAIC G CACI BAH Median
Revenue, last 12 months $6.4bn $5.6bn $7.4bn $5.3bn $9.8bn $11.0bn $383m
Revenue growth, last 12 months −0.2% 10.8% −0.8% 6.5% 10.1% −6.2% 5.7%
Revenue growth, 3-year average 3.4% 5.1% −1.3% 6.0% 12.0% 3.1% 4.3%
Revenue growth, latest quarter −1.3% 4.5% 6.3% 7.1% 8.2% −3.9% 4.7%
Gross margin 70.6% 29.4% 12.6% 36.5% 28.0% 52.5% 28.0%
Operating margin 20.3% 10.0% 8.0% 14.8% 9.8% 9.3% 5.9%
Operating margin, 3-year average 18.2% 10.3% 7.4% 14.7% 9.2% 10.1% 7.5%
Net margin 14.8% 7.2% 5.1% 11.1% 5.5% 7.1% 2.2%
Cash from operations / revenue 21.4% 9.6% 8.9% 12.3% 9.0% 9.8% 6.7%
Free-cash-flow margin 20.1% 8.6% 8.4% 10.5% 8.0% 9.0% 5.0%
Free-cash-flow margin, 3-year average 19.9% 9.5% 6.5% 10.6% 6.7% 8.0% 6.7%
Stock pay / revenue 2.4% 3.3% 0.9% 1.8% 0.9% 0.7% 2.2%
Change in share count −11.5% −4.8% −7.8% −2.8% −0.4% −4.0% 0.9%

Median of all 40 companies we cover in it consulting & other services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

40 it consulting & other services companies
Measure Company Peer median Rank
Revenue growth Growth -0.2% 6.5% 25 of 40
Change in growth rate Growth -0.9pp -0.8pp 22 of 40
Gross margin Profitability 70.6% 28.2% 2 of 34
Operating margin Profitability 20.3% 5.9% 2 of 36
Net margin Profitability 14.8% 2.5% 4 of 40
Free-cash-flow margin Cash generation 20.1% 5.1% 3 of 38
Stock pay as % of revenue Cash generation 2.4% 2.3% 20 of 36
Long-term debt as % of assets Balance sheet 41.7% 11.8% 24 of 27
Change in share count Balance sheet -11.5% 0.9% 1 of 39
Days sales outstanding Balance sheet 58 days 71 days 11 of 30

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Insights $5.1B 78.1% ▲ 5.0%
Conferences $645M 9.9% ▲ 10.5%
Consulting $552M 8.5% ▼ 1.1%
Other Reportable $227M 3.5% ▼ 23.3%
Products and services
Line of business Revenue Share YoY
Insights $5.1B 78.1% ▲ 5.0%
Conferences $645M 9.9% ▲ 10.5%
Consulting $552M 8.5% ▼ 1.1%
Other $227M 3.5% ▼ 23.3%
Geography
Region Revenue Share YoY
United States and Canada $4B 62.1% ▲ 0.4%
Europe Middle East Africa $1.7B 26.1% ▲ 11.6%
Other International $771M 11.9% ▲ 5.3%

From Gartner's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$9.7B
Institutions reporting
648
Shares held vs prior quarter
▼ 0.8%
Positions opened / closed
76 / 142

Top buyers and sellers, Q2 2026: 268 institutions bought and 438 sold ; the biggest buyer was BAMCO Inc (+1.7M shares) and the biggest seller Capital International Investors (−2.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
BAMCO Inc $985M 7.6M 10.1% ▲ 28.4%
Independent Franchise Partners LLP $724M 5.6M 7.5% ▲ 21.3%
Blackrock, Inc. $676M 5.2M 7.0% ▼ 24.2%
Vanguard Capital Management LLC $553M 4.3M 5.7% ▼ 4.5%
AQR Capital Management LLC $541M 4.2M 5.6% ▲ 17.0%
Vanguard Portfolio Management LLC $456M 3.5M 4.7% ▼ 4.7%
Harris Associates L P $369M 2.8M 3.8% ▼ 9.2%
State Street Corp $364M 2.8M 3.7% ▼ 14.0%
Geode Capital Management, LLC $337M 2.6M 3.5% ▲ 17.6%
Two Sigma Investments, LP $276M 2.1M 2.8% ▲ 88.9%
Invesco Ltd. $267M 2.1M 2.8% ▲ 2.0%
Federated Hermes, Inc. $265M 2.0M 2.7% ▲ 20.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Gartner's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $9.9M 8 trades by 2 insiders, last 12 months Insider sales History → $1.5M 7 trades by 6 insiders · 0% under pre-set plans
Net ▲ $8.4M net buying
Insider Date Trade Shares Price Value
Kranich Robin B EVP & CHRO August 27, 2026 Sell 3,278 $196.50 $644,127
Jain Akhil EVP, Consulting August 24, 2026 Sell 700 $201.73 $141,211
Genovese Yvonne EVP, Bus. & Tech. Insights August 10, 2026 Sell 1,205 $190.06 $229,022
Herkes Claire EVP, Conferences August 7, 2026 Sell 1,039 $190.71 $198,148
Fuchs Anne Sutherland Director August 7, 2026 Sell 860 $184.30 $158,500
Rinello John J SVP, Global Business Sales February 5, 2026 Buy 50 $154.13 $7,706
Pagliuca Stephen G Director December 10, 2025 Buy 7,558 $231.75 $1.8M
Pagliuca Stephen G Director December 10, 2025 Buy 9,859 $231.12 $2.3M
Pagliuca Stephen G Director December 10, 2025 Buy 4,593 $230.09 $1.1M
Pagliuca Stephen G Director December 10, 2025 Buy 8,486 $228.91 $1.9M
Pagliuca Stephen G Director December 10, 2025 Buy 5,496 $227.84 $1.3M
Pagliuca Stephen G Director December 10, 2025 Buy 5,773 $227.22 $1.3M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 36 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 1 sale of Gartner shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded April 14, 2026, filed May 8, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded March 13, 2026, filed April 7, 2026
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 31, 2025, filed November 21, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 2, 2027 estimated from the company's past filing pattern, not announced

  • November 3, 2026
  • August 4, 2026
  • May 5, 2026
  • February 3, 2026
  • November 4, 2025
  • August 5, 2025

Recent SEC filings

Data status

When each part of this page on Gartner was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Gartner in brief

What does Gartner do?
Gartner is a US-listed company in the IT consulting & other services industry. Its financial year ends in December.
What is Gartner's stock ticker?
Gartner trades under the ticker IT on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Gartner's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Gartner reported revenue of $6.4B, 0.2% lower than a year earlier, according to its SEC filings.
What is Gartner's free cash flow?
Gartner's free-cash-flow margin is 20.1% of revenue over the trailing twelve months, ranking 3 of the 38 it consulting & other services companies we cover.
What is Gartner's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Gartner's free cash flow after stock-based pay gives ~$300 per share in the base case, and ~$220–$410 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Gartner's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are BAMCO Inc, Independent Franchise Partners LLP and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Gartner buying back stock, and does it pay a dividend?
Gartner spent $1.7B on share repurchases over the trailing twelve months, and its diluted share count fell 11.5% over the year.
What is Gartner's market cap?
On November 2, 2026, Gartner's market capitalisation was about $16B, with a price-to-earnings ratio of 16.8 and net debt of $1.4B. Market figures come from third-party market data and may be delayed.
Who are Gartner's competitors?
In our IT Consulting & Other Services peer group, the companies closest to Gartner are EPAM Systems, Inc., Science Applications International Corp, Genpact LTD, CACI International Inc and Booz Allen Hamilton Holding Corp. The side-by-side comparison below sets their revenue, margins and growth against Gartner's.
Are insiders buying or selling Gartner stock?
Over the last 12 months, Gartner's directors and officers reported 8 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.
When is Gartner's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Gartner announces its own schedule.