I
GARTNER INC
ITCIK 0000749251NYSELarge AcceleratedServices-Management ServicesDelawareFY ends Dec 31
Period
FY 2025
Revenue
$6.50B
Net Income
$729.23M
Total Assets
$8.09B
Equity
$319.91M
Shares Out
70.45M
Op. Cash Flow
$1.29B
Business
GARTNER INC delivers actionable, objective insight that helps organizations make smarter decisions and improve performance on mission‑critical priorities. The company offers subscription research and advisory services, published reports, data and benchmarks, interactive tools, conferences and events, and custom consulting and on‑the‑ground analysis. Its operations are organized into three principal segments—Research (including Global Technology Sales and Global Business Sales), Conferences and Consulting. Gartner serves enterprise executives and teams worldwide through digital channels, product portals, briefings, advisory engagements and in‑person events.
Summary from filing dated 2025-02-13
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenues | 6,497 | 6,267 | 5,907 | 5,476 | 4,734 | |
| Cost of services and product development | 2,054 | 2,023 | 1,903 | 1,694 | 1,444 | |
| Selling, general and administrative | 3,068 | 2,885 | 2,702 | 2,481 | 2,156 | |
| Depreciation | 118 | 112 | 99 | 93 | 103 | |
| Amortization of intangibles | 82 | 90 | 93 | 99 | 110 | |
| Acquisition and integration charges | 0 | 1 | 10 | 9 | 6 | |
| Goodwill impairment | 150 | 0 | 0 | — | — | |
| Gain from sale of divested operation | 0 | 0 | −135 | 0 | 0 | |
| Total costs and expenses | 5,472 | 5,111 | 4,670 | 4,376 | 3,818 | |
| Operating income | 1,026 | 1,156 | 1,237 | 1,100 | 916 | |
| Interest income | 65 | 62 | 39 | 5 | — | |
| Interest expense | −125 | −131 | −133 | −126 | — | |
| Gain on event cancellation insurance claims | 0 | 300 | 3 | 0 | 152 | |
| Other income, net | 3 | 575,000 | 1 | 48 | 18 | |
| Income before income taxes | 968 | 1,387 | 1,147 | 1,027 | 970 | |
| Provision for income taxes | 239 | 134 | 265 | 219 | 176 | |
| Net income | 729 | 1,254 | 882 | 808 | 794 | |
| Basic (in dollars per share) | 9.68 | 16.12 | 11.17 | 10.08 | 9.33 | |
| Diluted (in dollars per share) | 9.65 | 16 | 11.08 | 9.96 | 9.21 | |
| Basic (in shares) | 75 | 78 | 79 | 80 | 85 | |
| Diluted (in shares) | 76 | 78 | 80 | 81 | 86 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,723 | 1,933 | 1,319 | 698 | 756 | |
| Fees receivable, net of allowances of $5,000 and $8,500, respectively | 1,685 | 1,696 | 1,601 | 1,557 | 1,365 | |
| Deferred commissions | 401 | 414 | 380 | 363 | 381 | |
| Prepaid expenses and other current assets | 152 | 153 | 127 | 119 | 118 | |
| Assets held-for-sale | 106 | 0 | 0 | 49 | 0 | |
| Total current assets | 4,066 | 4,197 | 3,428 | 2,786 | 2,620 | |
| Property, equipment and leasehold improvements, net | 214 | 243 | 263 | 265 | 274 | |
| Operating lease right-of-use assets | 214 | 257 | 367 | 437 | 548 | |
| Goodwill | 2,741 | 2,930 | 2,937 | 2,930 | 2,951 | |
| Intangible assets, net | 336 | 410 | 502 | 585 | 714 | |
| Other assets | 514 | 498 | 339 | 298 | 309 | |
| Total Assets | 8,085 | 8,535 | 7,836 | 7,300 | 7,416 | |
| Accounts payable and accrued liabilities | 1,237 | 1,206 | 1,128 | 1,115 | 1,135 | |
| Deferred revenues | 2,810 | 2,763 | 2,641 | 2,444 | 2,238 | |
| Current portion of long-term debt | 5 | 0 | 10 | 8 | 6 | |
| Liabilities held-for-sale | 21 | 0 | 0 | 31 | 0 | |
| Total current liabilities | 4,072 | 3,969 | 3,778 | 3,598 | 3,379 | |
| Long-term debt, net of deferred financing fees and discounts | 2,977 | 2,460 | 2,449 | 2,454 | 2,457 | |
| Operating lease liabilities | 270 | 340 | 513 | 597 | 698 | |
| Other liabilities | 447 | 407 | 415 | 423 | 512 | |
| Total Liabilities | 7,765 | 7,176 | 7,155 | 7,072 | 7,045 | |
| $0.01 par value, authorized 5,000,000 shares; none issued or outstanding | 0 | 0 | 0 | 0 | 0 | |
| $0.0005 par value, 250,000,000 shares authorized; 163,602,067 shares issued for both periods | 82,000 | 82,000 | 82,000 | 82,000 | 82,000 | |
| Additional paid-in capital | 2,679 | 2,497 | 2,320 | 2,180 | 2,075 | |
| Accumulated other comprehensive loss, net | −41 | −88 | −76 | −102 | −81 | |
| Accumulated earnings | 6,722 | 5,993 | 4,739 | 3,857 | 3,049 | |
| Treasury stock, at cost, 92,752,769 and 86,222,214 common shares, respectively | −9,040 | −7,043 | −6,303 | −5,707 | −4,672 | |
| Total Stockholders Equity | 320 | 1,359 | 681 | 228 | 371 | |
| Total Liabilities and Stockholders Equity | 8,085 | 8,535 | 7,836 | 7,300 | 7,416 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 200 | 202 | 191 | 192 | 212 | |
| Stock-based compensation expense | 156 | 155 | 130 | 91 | 99 | |
| Deferred taxes | 828,000 | −162 | −64 | −31 | −42 | |
| Gain from sale of divested operation | 0 | 0 | −135 | 0 | 0 | |
| Loss on impairment of lease related assets, net | 5 | 11 | 20 | 54 | 50 | |
| Reduction in the carrying amount of operating lease right-of-use assets | 64 | 66 | 70 | 70 | 75 | |
| Amortization and write-off of deferred financing fees and unamortized discounts | 4 | 5 | 5 | — | — | |
| Gain on de-designated swaps | −489,000 | −4 | −4 | −52 | −20 | |
| Fees receivable, net | 38 | −138 | −25 | −241 | −145 | |
| Deferred commissions | 25 | −42 | −14 | 6 | −125 | |
| Prepaid expenses and other current assets | 2 | −29 | −8 | −3 | −16 | |
| Other assets | −31 | −44 | −35 | 8 | −18 | |
| Deferred revenues | −42 | 181 | 170 | 297 | 324 | |
| Accounts payable and accrued and other liabilities | −11 | 29 | −29 | −102 | 121 | |
| Cash provided by operating activities | 1,290 | 1,485 | 1,156 | 1,101 | 1,312 | |
| Additions to property, equipment and leasehold improvements | −115 | −102 | −103 | −108 | −60 | |
| Acquisitions - cash paid (net of cash acquired) | 0 | −2 | −4 | −10 | −23 | |
| Proceeds from sale of divested operation | 0 | 0 | 161 | 0 | 0 | |
| Cash (used in) provided by investing activities | −115 | −104 | 54 | −118 | −80 | |
| Proceeds from employee stock purchase plan | 32 | 28 | 25 | 22 | 18 | |
| Proceeds from issuance of long-term debt, net of discounts | 800 | 0 | 0 | 0 | 600 | |
| Payments for deferred financing fees | −6 | −3 | 0 | 0 | — | |
| Proceeds from revolving credit facility | 0 | 274 | 0 | 0 | 0 | |
| Payments on revolving credit facility | −274 | 0 | 0 | 0 | −5 | |
| Payments on long-term debt | 0 | −274 | −8 | −6 | −108 | |
| Purchases of treasury stock | −2,000 | −700 | −600 | −1,000 | −1,700 | |
| Cash used in financing activities | −1,440 | −710 | −589 | −1,027 | −1,158 | |
| Net (decrease) increase in cash and cash equivalents and restricted cash | −264 | 671 | 621 | −44 | 74 | |
| Effects of exchange rates on cash and cash equivalents and restricted cash | 54 | −57 | −13,000 | −18 | −26 | |
| Interest | 100 | 100 | 119 | 113 | 102 | |
| Income taxes, net of refunds received | 210 | 313 | 307 | 175 | 253 |
Filings
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