At a glance
Gartner Inc is worth $14.86B, about 24 times its fiscal 2025 earnings. Revenue grew 3.7% to $6.50B in fiscal 2025, with 11.2% kept as profit; over 5 years it has grown 9.6% a year. It pays no dividend; it spent $6.03B buying back its shares over FY2021–FY2025. The stock returned −5.3% over the past year with dividends reinvested and −7.1% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 46.5% in the 2020 crash (S&P 500: 33.7%) and 30.7% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 8 months and 5 months after the lows.
The business in plain English
Gartner sells research and advice to business and technology leaders. As of December 31, 2025, it served more than 13,000 enterprises in about 90 countries and territories. Its core product is a subscription. Clients pay, usually for at least 12 months, to read Gartner's reports, data and benchmarks and to speak directly with its more than 2,400 business and technology experts. At the end of 2025, 77% of these contracts covered more than one year.
This subscription business is called Business and Technology Insights. It brought in $5.07 billion, or 78.1% of Gartner's $6.50 billion in revenue for fiscal 2025. One sales team serves technology buyers and providers. Another serves leaders in human resources, finance, supply chain and marketing. Conferences, including the Gartner Symposium/Xpo series, added 9.9% of revenue. Gartner held 53 in-person conferences with more than 83,000 attendees in 2025. Consulting added 8.5%. It gives senior technology executives hands-on help with goals such as cutting technology costs.
The remaining 3.5% came from an "Other" line that included Gartner Digital Markets. Gartner sold that unit on February 5, 2026, for about $110 million before adjustments. By region, the United States and Canada supplied 62.1% of fiscal 2025 revenue. Europe, the Middle East and Africa supplied 26.1%, and the rest of the world 11.9%.
Price history
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IT -5.3% over the year to Nov 2, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Insights | $5.07B | 78.1% |
| Conferences | $644.7M | 9.9% |
| Consulting | $552.5M | 8.5% |
| Other | $227.4M | 3.5% |
By business segment
| Insights | $5.07B | 78.1% |
| Conferences | $644.7M | 9.9% |
| Consulting | $552.5M | 8.5% |
| Other | $227.4M | 3.5% |
By geography
| United States and Canada | $4.03B | 62.1% |
| Europe, Middle East and Africa | $1.69B | 26.1% |
| Other International | $770.9M | 11.9% |
Latest results
- In Q2 FY2026 (ended Jun 30, 2026), revenue was $1.68B, down 0.6% from a year earlier, and net income was $275.5M (+14.4%).
- For fiscal 2025, revenue was $6.50B (+3.7% year over year; +9.6% a year from FY2020 to FY2025) with a 11.2% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +9.6% good |
|---|---|
| Operating margin | 15.8% good |
| Free cash flow margin | 18.1% good |
| Return on equity (FY2025) | 228% (lifted by a small equity base, often the result of years of buybacks) good |
| Return on assets (FY2025) | 9% good |
| Net cash (cash minus debt) | $-1.49B weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $4.10B | $266.7M | $819.4M |
| FY2021 | $4.73B | $793.6M | $1.25B |
| FY2022 | $5.48B | $807.8M | $993.4M |
| FY2023 | $5.91B | $882.5M | $1.05B |
| FY2024 | $6.27B | $1.25B | $1.38B |
| FY2025 | $6.50B | $729.2M | $1.18B |
Valuation snapshot
| Market value | $14.86B |
|---|---|
| P/E ratio | 24.4 |
| Dividend yield | None |
Rank among 1514 US companies
Market value at each year end
Gartner’s market value went from $8.35B at the end of 2016 to $14.86B on Nov 2, 2026, up 78%; since the end of 2025 it is down 18%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $14.86B | -18.3% |
| 2025 | $18.18B | -51.3% |
| 2024 | $37.37B | +6.3% |
| 2023 | $35.16B | +32.4% |
| 2022 | $26.56B | -3.4% |
| 2021 | $27.49B | +92.2% |
| 2020 | $14.30B | +3.8% |
| 2019 | $13.78B | +18.6% |
| 2018 | $11.62B | +4.1% |
| 2017 | $11.16B | +33.7% |
| 2016 | $8.35B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| IT price data to Nov 2, 2026 | -6.7% | -5.3% | -11.3% | -7.1% | +10.6% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -6.8% |
| 2025 | -47.9% |
| 2024 | +7.4% |
| 2023 | +34.2% |
| 2022 | +0.5% |
| 2021 | +108.7% |
| 2020 | +4.0% |
| 2019 | +20.5% |
| 2018 | +3.8% |
| 2017 | +21.9% |
| 2016 | +11.4% |
| 2015 | +7.7% |
| 2014 | +18.5% |
| 2013 | +54.4% |
| 2012 | +32.4% |
| 2011 | +4.7% |
| 2010 | +84.0% |
| 2009 | +1.2% |
| 2008 | +1.5% |
| 2007 | -11.3% |
| 2006 | +53.4% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 67.7% over that stretch · deepest drop along the way 69.9%, back to its old high 17 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 44.7% over that stretch · deepest drop along the way 46.5%, back to its old high 7.7 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 10.5% over that stretch · deepest drop along the way 30.7%, back to its old high 4.5 months after the low |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 0 open-market purchases and 5 sales ($1.4M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Aug 27, 2026 | Robin B Kranich EVP & CHRO | sell | $644K |
| Aug 10, 2026 | Yvonne Genovese EVP, Bus. & Tech. Insights | sell | $229K |
| Aug 7, 2026 | Claire Herkes EVP, Conferences | sell | $198K |
| Aug 7, 2026 | Anne Sutherland Fuchs Director | sell | $159K |
| Aug 24, 2026 | Akhil Jain EVP, Consulting | sell | $141K |
Who owns it
Large shareholders (13G filings)
| BAMCO INC /NY/ | 11.29% | May 31, 2026 |
| Independent Franchise Partners, LLP | 8.34% | Jun 30, 2026 |
| BlackRock, Inc. | 7.5% | Jun 30, 2026 |
| Vanguard Capital Management | 7.32% | Mar 31, 2026 |
| AQR Capital Management, LLC | 6.24% | Jun 30, 2026 |
| Vanguard Portfolio Management | 5.26% | Mar 31, 2026 |
| Capital International Investors | 2.9% | Mar 31, 2026 |
ETFs with the most weight in IT
| BCUS Bancreek U.S. Large Cap ETF | 3.96% |
| NUMG Nuveen ESG Mid-Cap Growth ETF | 3.29% |
| AMID Argent Mid Cap ETF | 2.53% |
| JMID Janus Henderson Mid Cap Growth Alpha ETF | 2.26% |
| XDAT Franklin Exponential Data ETF | 2.03% |
| IWP iShares Russell Mid-Cap Growth ETF | 1.15% |
| USMF WisdomTree US Multifactor Fund | 1.1% |
| FMAG Fidelity Magellan ETF | 1.1% |
What could go wrong
- Artificial intelligence could reduce demand for research. Gartner expects more competition as AI services spread. Search engines and AI language models that answer questions directly could cut visits to its websites. Free online information already competes with paid research.
- Revenue depends on subscription renewals. Insights subscriptions made up 78.1% of fiscal 2025 revenue. If clients renew at lower rates than in the past, or new sales slow, revenue would fall. Total revenue grew 3.7% in fiscal 2025.
- Its value rests on trusted, independent research. If Gartner's published data or opinions are seen as wrong, biased or poorly supported, its reputation and brand could suffer. Demand for its services could then drop.
- Events and consulting are less predictable. Conferences, 9.9% of fiscal 2025 revenue, depend on outside factors Gartner cannot control, such as pandemics. Consulting, 8.5%, relies on one-off projects that must be won again instead of renewing like subscriptions.
- Government budget cuts and early terminations. Sales to governments depend on budget approvals and come with complex compliance rules. Some contracts can be ended early. Gartner's annual report names U.S. budget cuts among the pressures on its business.
- Large debt and negative shareholder equity. As of June 30, 2026, Gartner owed about $2.98 billion against $1.49 billion of cash and investments. On its books, its liabilities were larger than its assets. Debt could limit its flexibility in a downturn.
Recent events
- Executive or board change
- Quarterly results released; Investor presentation or announcement
- Shareholder vote results
- Quarterly results released; Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
- Executive or board change
- Major agreement signed; New debt or financial obligation; Other company announcement
- Quarterly results released; Investor presentation or announcement
For income and retirement investors
Gartner pays no dividend, so it offers no regular cash income. Investors who need income from it would have to sell shares. The company returns cash through buybacks instead. It spent about $6.03 billion buying back its own stock from fiscal 2021 through fiscal 2025, including $1.99 billion in fiscal 2025. That was more than its free cash flow (cash left after running and investing in the business) of $1.18 billion that year. Shares outstanding fell 23.2% between October 29, 2021, and July 31, 2026, which spreads profits over fewer shares.
The share price has fallen hard in downturns. It dropped about 70% in the 2008 financial crisis and did not regain its peak until August 2010. It fell 46.5% in the 2020 COVID crash and 30.7% in the 2022 stock market slump, recovering within months both times. Its worst drop in the three years to October 28, 2026, was 77.2%. As a single stock, Gartner carries more risk than a diversified fund.
Questions investors ask
Does Gartner pay a dividend?
No. Gartner paid no dividends from fiscal 2021 through fiscal 2025 and had no dividend yield as of October 28, 2026. It returns cash through share buybacks instead, and spent about $6.03 billion on them over those five years. Its share count fell 23.2% between October 29, 2021, and July 31, 2026. Investors who want regular income from Gartner would have to sell shares.
How does Gartner make money?
Mostly by selling research subscriptions. In fiscal 2025, its Business and Technology Insights segment produced 78.1% of Gartner's $6.50 billion in revenue. That segment gives clients access to published research, data and more than 2,400 experts. Conferences, including the Gartner Symposium/Xpo series, added 9.9%, and Consulting added 8.5%. The remaining 3.5% included Gartner Digital Markets, which was sold on February 5, 2026. The United States and Canada supplied 62.1% of revenue.
How much has Gartner stock fallen?
Sharply. The shares lost 47.9% in calendar 2025 and were down another 13.1% year to date as of October 28, 2026. At their low point in the three years to that date, they were 77.2% below their peak. The fall came as growth slowed. Revenue rose 3.7% in fiscal 2025, against a 9.6% yearly average over five years. It then slipped 0.6% from a year earlier in the quarter ended June 30, 2026. The shares did rise 40.6% in the three months to October 28, 2026.
Is AI a threat to Gartner's business?
It could be, and Gartner lists it as a risk. In its annual report for fiscal 2025, the company says it expects more competition as AI services spread. It adds that search engines and AI language models that supply answers directly could reduce visits to its websites. It also points to low barriers to entering its markets and to free information online. Gartner says it must keep developing new offerings to stay competitive, and warns it may not manage this on time or at a reasonable cost.
How much debt does Gartner have?
About $2.98 billion as of June 30, 2026, against $1.49 billion of cash and investments. That leaves net debt of roughly $1.49 billion. Shareholders' equity was negative $167 million, meaning recorded liabilities were larger than recorded assets. The business does generate cash: free cash flow (cash left after running and investing in the business) was $1.18 billion in fiscal 2025. Gartner's annual report lists its debt as a risk that could hurt its financial condition and future results.