00007492512024Q3false--12-3131immaterialhttp://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpensehttp://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpensehttp://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpensehttp://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpensehttp://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpensehttp://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpensehttp://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpensehttp://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpensehttp://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrenthttp://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrentxbrli:sharesiso4217:USDiso4217:USDxbrli:sharesit:segmentxbrli:pureit:contract00007492512024-01-012024-09-3000007492512024-10-3100007492512024-09-3000007492512023-12-310000749251it:ResearchRevenueMember2024-07-012024-09-300000749251it:ResearchRevenueMember2023-07-012023-09-300000749251it:ResearchRevenueMember2024-01-012024-09-300000749251it:ResearchRevenueMember2023-01-012023-09-300000749251it:ConferencesMember2024-07-012024-09-300000749251it:ConferencesMember2023-07-012023-09-300000749251it:ConferencesMember2024-01-012024-09-300000749251it:ConferencesMember2023-01-012023-09-300000749251it:ConsultingMember2024-07-012024-09-300000749251it:ConsultingMember2023-07-012023-09-300000749251it:ConsultingMember2024-01-012024-09-300000749251it:ConsultingMember2023-01-012023-09-3000007492512024-07-012024-09-3000007492512023-07-012023-09-3000007492512023-01-012023-09-300000749251us-gaap:CommonStockMember2023-12-310000749251us-gaap:AdditionalPaidInCapitalMember2023-12-310000749251us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310000749251us-gaap:RetainedEarningsMember2023-12-310000749251us-gaap:TreasuryStockCommonMember2023-12-310000749251us-gaap:RetainedEarningsMember2024-01-012024-03-3100007492512024-01-012024-03-310000749251us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-03-310000749251us-gaap:AdditionalPaidInCapitalMember2024-01-012024-03-310000749251us-gaap:TreasuryStockCommonMember2024-01-012024-03-310000749251us-gaap:CommonStockMember2024-03-310000749251us-gaap:AdditionalPaidInCapitalMember2024-03-310000749251us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-310000749251us-gaap:RetainedEarningsMember2024-03-310000749251us-gaap:TreasuryStockCommonMember2024-03-3100007492512024-03-310000749251us-gaap:RetainedEarningsMember2024-04-012024-06-3000007492512024-04-012024-06-300000749251us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-04-012024-06-300000749251us-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-300000749251us-gaap:TreasuryStockCommonMember2024-04-012024-06-300000749251us-gaap:CommonStockMember2024-06-300000749251us-gaap:AdditionalPaidInCapitalMember2024-06-300000749251us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300000749251us-gaap:RetainedEarningsMember2024-06-300000749251us-gaap:TreasuryStockCommonMember2024-06-3000007492512024-06-300000749251us-gaap:RetainedEarningsMember2024-07-012024-09-300000749251us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-07-012024-09-300000749251us-gaap:AdditionalPaidInCapitalMember2024-07-012024-09-300000749251us-gaap:TreasuryStockCommonMember2024-07-012024-09-300000749251us-gaap:CommonStockMember2024-09-300000749251us-gaap:AdditionalPaidInCapitalMember2024-09-300000749251us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-09-300000749251us-gaap:RetainedEarningsMember2024-09-300000749251us-gaap:TreasuryStockCommonMember2024-09-300000749251us-gaap:CommonStockMember2022-12-310000749251us-gaap:AdditionalPaidInCapitalMember2022-12-310000749251us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310000749251us-gaap:RetainedEarningsMember2022-12-310000749251us-gaap:TreasuryStockCommonMember2022-12-3100007492512022-12-310000749251us-gaap:RetainedEarningsMember2023-01-012023-03-3100007492512023-01-012023-03-310000749251us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-310000749251us-gaap:AdditionalPaidInCapitalMember2023-01-012023-03-310000749251us-gaap:TreasuryStockCommonMember2023-01-012023-03-310000749251us-gaap:CommonStockMember2023-03-310000749251us-gaap:AdditionalPaidInCapitalMember2023-03-310000749251us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-310000749251us-gaap:RetainedEarningsMember2023-03-310000749251us-gaap:TreasuryStockCommonMember2023-03-3100007492512023-03-310000749251us-gaap:RetainedEarningsMember2023-04-012023-06-3000007492512023-04-012023-06-300000749251us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-04-012023-06-300000749251us-gaap:AdditionalPaidInCapitalMember2023-04-012023-06-300000749251us-gaap:TreasuryStockCommonMember2023-04-012023-06-300000749251us-gaap:CommonStockMember2023-06-300000749251us-gaap:AdditionalPaidInCapitalMember2023-06-300000749251us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-300000749251us-gaap:RetainedEarningsMember2023-06-300000749251us-gaap:TreasuryStockCommonMember2023-06-3000007492512023-06-300000749251us-gaap:RetainedEarningsMember2023-07-012023-09-300000749251us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-07-012023-09-300000749251us-gaap:AdditionalPaidInCapitalMember2023-07-012023-09-300000749251us-gaap:TreasuryStockCommonMember2023-07-012023-09-300000749251us-gaap:CommonStockMember2023-09-300000749251us-gaap:AdditionalPaidInCapitalMember2023-09-300000749251us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-09-300000749251us-gaap:RetainedEarningsMember2023-09-300000749251us-gaap:TreasuryStockCommonMember2023-09-3000007492512023-09-300000749251it:A2022AcquisitionMember2024-01-012024-09-3000007492512024-08-012024-08-3100007492512023-02-012023-02-280000749251it:GartnerResearchProductsMember2023-09-300000749251it:GartnerResearchProductsMember2023-09-012023-09-300000749251it:GartnerResearchProductsMember2024-01-012024-09-300000749251it:TalentNeuronMember2023-02-280000749251it:ResearchSegmentMember2023-12-310000749251it:ConferencesMember2023-12-310000749251it:ConsultingMember2023-12-310000749251it:ResearchSegmentMember2024-01-012024-09-300000749251it:ConferencesMember2024-01-012024-09-300000749251it:ConsultingMember2024-01-012024-09-300000749251it:ResearchSegmentMember2024-09-300000749251it:ConferencesMember2024-09-300000749251it:ConsultingMember2024-09-300000749251us-gaap:CustomerRelationshipsMember2023-12-310000749251us-gaap:ComputerSoftwareIntangibleAssetMember2023-12-310000749251us-gaap:OtherIntangibleAssetsMember2023-12-310000749251us-gaap:CustomerRelationshipsMember2024-01-012024-09-300000749251us-gaap:ComputerSoftwareIntangibleAssetMember2024-01-012024-09-300000749251us-gaap:OtherIntangibleAssetsMember2024-01-012024-09-300000749251us-gaap:CustomerRelationshipsMember2024-09-300000749251us-gaap:ComputerSoftwareIntangibleAssetMember2024-09-300000749251us-gaap:OtherIntangibleAssetsMember2024-09-300000749251us-gaap:CustomerRelationshipsMembersrt:MinimumMember2024-09-300000749251us-gaap:CustomerRelationshipsMembersrt:MaximumMember2024-09-300000749251us-gaap:OtherIntangibleAssetsMembersrt:MaximumMember2024-09-300000749251it:UnitedStatesAndCanadaMemberit:ResearchSegmentMember2024-07-012024-09-300000749251it:UnitedStatesAndCanadaMemberit:ConferencesMember2024-07-012024-09-300000749251it:UnitedStatesAndCanadaMemberit:ConsultingMember2024-07-012024-09-300000749251it:UnitedStatesAndCanadaMember2024-07-012024-09-300000749251it:EuropeMiddleEastAfricaMemberit:ResearchSegmentMember2024-07-012024-09-300000749251it:EuropeMiddleEastAfricaMemberit:ConferencesMember2024-07-012024-09-300000749251it:EuropeMiddleEastAfricaMemberit:ConsultingMember2024-07-012024-09-300000749251it:EuropeMiddleEastAfricaMember2024-07-012024-09-300000749251it:OtherInternationalMemberit:ResearchSegmentMember2024-07-012024-09-300000749251it:OtherInternationalMemberit:ConferencesMember2024-07-012024-09-300000749251it:OtherInternationalMemberit:ConsultingMember2024-07-012024-09-300000749251it:OtherInternationalMember2024-07-012024-09-300000749251it:ResearchSegmentMember2024-07-012024-09-300000749251it:ConferencesMember2024-07-012024-09-300000749251it:ConsultingMember2024-07-012024-09-300000749251it:UnitedStatesAndCanadaMemberit:ResearchSegmentMember2023-07-012023-09-300000749251it:UnitedStatesAndCanadaMemberit:ConferencesMember2023-07-012023-09-300000749251it:UnitedStatesAndCanadaMemberit:ConsultingMember2023-07-012023-09-300000749251it:UnitedStatesAndCanadaMember2023-07-012023-09-300000749251it:EuropeMiddleEastAfricaMemberit:ResearchSegmentMember2023-07-012023-09-300000749251it:EuropeMiddleEastAfricaMemberit:ConferencesMember2023-07-012023-09-300000749251it:EuropeMiddleEastAfricaMemberit:ConsultingMember2023-07-012023-09-300000749251it:EuropeMiddleEastAfricaMember2023-07-012023-09-300000749251it:OtherInternationalMemberit:ResearchSegmentMember2023-07-012023-09-300000749251it:OtherInternationalMemberit:ConferencesMember2023-07-012023-09-300000749251it:OtherInternationalMemberit:ConsultingMember2023-07-012023-09-300000749251it:OtherInternationalMember2023-07-012023-09-300000749251it:ResearchSegmentMember2023-07-012023-09-300000749251it:ConferencesMember2023-07-012023-09-300000749251it:ConsultingMember2023-07-012023-09-300000749251it:UnitedStatesAndCanadaMemberit:ResearchSegmentMember2024-01-012024-09-300000749251it:UnitedStatesAndCanadaMemberit:ConferencesMember2024-01-012024-09-300000749251it:UnitedStatesAndCanadaMemberit:ConsultingMember2024-01-012024-09-300000749251it:UnitedStatesAndCanadaMember2024-01-012024-09-300000749251it:EuropeMiddleEastAfricaMemberit:ResearchSegmentMember2024-01-012024-09-300000749251it:EuropeMiddleEastAfricaMemberit:ConferencesMember2024-01-012024-09-300000749251it:EuropeMiddleEastAfricaMemberit:ConsultingMember2024-01-012024-09-300000749251it:EuropeMiddleEastAfricaMember2024-01-012024-09-300000749251it:OtherInternationalMemberit:ResearchSegmentMember2024-01-012024-09-300000749251it:OtherInternationalMemberit:ConferencesMember2024-01-012024-09-300000749251it:OtherInternationalMemberit:ConsultingMember2024-01-012024-09-300000749251it:OtherInternationalMember2024-01-012024-09-300000749251it:UnitedStatesAndCanadaMemberit:ResearchSegmentMember2023-01-012023-09-300000749251it:UnitedStatesAndCanadaMemberit:ConferencesMember2023-01-012023-09-300000749251it:UnitedStatesAndCanadaMemberit:ConsultingMember2023-01-012023-09-300000749251it:UnitedStatesAndCanadaMember2023-01-012023-09-300000749251it:EuropeMiddleEastAfricaMemberit:ResearchSegmentMember2023-01-012023-09-300000749251it:EuropeMiddleEastAfricaMemberit:ConferencesMember2023-01-012023-09-300000749251it:EuropeMiddleEastAfricaMemberit:ConsultingMember2023-01-012023-09-300000749251it:EuropeMiddleEastAfricaMember2023-01-012023-09-300000749251it:OtherInternationalMemberit:ResearchSegmentMember2023-01-012023-09-300000749251it:OtherInternationalMemberit:ConferencesMember2023-01-012023-09-300000749251it:OtherInternationalMemberit:ConsultingMember2023-01-012023-09-300000749251it:OtherInternationalMember2023-01-012023-09-300000749251it:ResearchSegmentMember2023-01-012023-09-300000749251it:ConferencesMember2023-01-012023-09-300000749251it:ConsultingMember2023-01-012023-09-300000749251us-gaap:TransferredOverTimeMemberit:ResearchSegmentMember2024-07-012024-09-300000749251us-gaap:TransferredOverTimeMemberit:ConferencesMember2024-07-012024-09-300000749251us-gaap:TransferredOverTimeMemberit:ConsultingMember2024-07-012024-09-300000749251us-gaap:TransferredOverTimeMember2024-07-012024-09-300000749251us-gaap:TransferredAtPointInTimeMemberit:ResearchSegmentMember2024-07-012024-09-300000749251us-gaap:TransferredAtPointInTimeMemberit:ConferencesMember2024-07-012024-09-300000749251us-gaap:TransferredAtPointInTimeMemberit:ConsultingMember2024-07-012024-09-300000749251us-gaap:TransferredAtPointInTimeMember2024-07-012024-09-300000749251us-gaap:TransferredOverTimeMemberit:ResearchSegmentMember2023-07-012023-09-300000749251us-gaap:TransferredOverTimeMemberit:ConferencesMember2023-07-012023-09-300000749251us-gaap:TransferredOverTimeMemberit:ConsultingMember2023-07-012023-09-300000749251us-gaap:TransferredOverTimeMember2023-07-012023-09-300000749251us-gaap:TransferredAtPointInTimeMemberit:ResearchSegmentMember2023-07-012023-09-300000749251us-gaap:TransferredAtPointInTimeMemberit:ConferencesMember2023-07-012023-09-300000749251us-gaap:TransferredAtPointInTimeMemberit:ConsultingMember2023-07-012023-09-300000749251us-gaap:TransferredAtPointInTimeMember2023-07-012023-09-300000749251us-gaap:TransferredOverTimeMemberit:ResearchSegmentMember2024-01-012024-09-300000749251us-gaap:TransferredOverTimeMemberit:ConferencesMember2024-01-012024-09-300000749251us-gaap:TransferredOverTimeMemberit:ConsultingMember2024-01-012024-09-300000749251us-gaap:TransferredOverTimeMember2024-01-012024-09-300000749251us-gaap:TransferredAtPointInTimeMemberit:ResearchSegmentMember2024-01-012024-09-300000749251us-gaap:TransferredAtPointInTimeMemberit:ConferencesMember2024-01-012024-09-300000749251us-gaap:TransferredAtPointInTimeMemberit:ConsultingMember2024-01-012024-09-300000749251us-gaap:TransferredAtPointInTimeMember2024-01-012024-09-300000749251us-gaap:TransferredOverTimeMemberit:ResearchSegmentMember2023-01-012023-09-300000749251us-gaap:TransferredOverTimeMemberit:ConferencesMember2023-01-012023-09-300000749251us-gaap:TransferredOverTimeMemberit:ConsultingMember2023-01-012023-09-300000749251us-gaap:TransferredOverTimeMember2023-01-012023-09-300000749251us-gaap:TransferredAtPointInTimeMemberit:ResearchSegmentMember2023-01-012023-09-300000749251us-gaap:TransferredAtPointInTimeMemberit:ConferencesMember2023-01-012023-09-300000749251us-gaap:TransferredAtPointInTimeMemberit:ConsultingMember2023-01-012023-09-300000749251us-gaap:TransferredAtPointInTimeMember2023-01-012023-09-3000007492512024-10-012024-09-3000007492512025-01-012024-09-3000007492512026-01-012024-09-300000749251us-gaap:StockAppreciationRightsSARSMember2024-07-012024-09-300000749251us-gaap:StockAppreciationRightsSARSMember2023-07-012023-09-300000749251us-gaap:StockAppreciationRightsSARSMember2024-01-012024-09-300000749251us-gaap:StockAppreciationRightsSARSMember2023-01-012023-09-300000749251us-gaap:RestrictedStockUnitsRSUMember2024-07-012024-09-300000749251us-gaap:RestrictedStockUnitsRSUMember2023-07-012023-09-300000749251us-gaap:RestrictedStockUnitsRSUMember2024-01-012024-09-300000749251us-gaap:RestrictedStockUnitsRSUMember2023-01-012023-09-300000749251it:CommonStockEquivalentsMember2024-07-012024-09-300000749251it:CommonStockEquivalentsMember2023-07-012023-09-300000749251it:CommonStockEquivalentsMember2024-01-012024-09-300000749251it:CommonStockEquivalentsMember2023-01-012023-09-300000749251us-gaap:CostOfSalesMember2024-07-012024-09-300000749251us-gaap:CostOfSalesMember2023-07-012023-09-300000749251us-gaap:CostOfSalesMember2024-01-012024-09-300000749251us-gaap:CostOfSalesMember2023-01-012023-09-300000749251us-gaap:SellingGeneralAndAdministrativeExpensesMember2024-07-012024-09-300000749251us-gaap:SellingGeneralAndAdministrativeExpensesMember2023-07-012023-09-300000749251us-gaap:SellingGeneralAndAdministrativeExpensesMember2024-01-012024-09-300000749251us-gaap:SellingGeneralAndAdministrativeExpensesMember2023-01-012023-09-300000749251it:RetirementEligibleEmployeesEquityAwardMember2024-07-012024-09-300000749251it:RetirementEligibleEmployeesEquityAwardMember2023-07-012023-09-300000749251it:RetirementEligibleEmployeesEquityAwardMember2024-01-012024-09-300000749251it:RetirementEligibleEmployeesEquityAwardMember2023-01-012023-09-300000749251us-gaap:IntersegmentEliminationMember2024-01-012024-09-300000749251us-gaap:OperatingSegmentsMemberit:ResearchSegmentMember2024-07-012024-09-300000749251us-gaap:OperatingSegmentsMemberit:ConferencesMember2024-07-012024-09-300000749251us-gaap:OperatingSegmentsMemberit:ConsultingMember2024-07-012024-09-300000749251us-gaap:OperatingSegmentsMember2024-07-012024-09-300000749251it:CorporateAndReconcilingItemsMember2024-07-012024-09-300000749251us-gaap:OperatingSegmentsMemberit:ResearchSegmentMember2023-07-012023-09-300000749251us-gaap:OperatingSegmentsMemberit:ConferencesMember2023-07-012023-09-300000749251us-gaap:OperatingSegmentsMemberit:ConsultingMember2023-07-012023-09-300000749251us-gaap:OperatingSegmentsMember2023-07-012023-09-300000749251it:CorporateAndReconcilingItemsMember2023-07-012023-09-300000749251us-gaap:OperatingSegmentsMemberit:ResearchSegmentMember2024-01-012024-09-300000749251us-gaap:OperatingSegmentsMemberit:ConferencesMember2024-01-012024-09-300000749251us-gaap:OperatingSegmentsMemberit:ConsultingMember2024-01-012024-09-300000749251us-gaap:OperatingSegmentsMember2024-01-012024-09-300000749251it:CorporateAndReconcilingItemsMember2024-01-012024-09-300000749251us-gaap:OperatingSegmentsMemberit:ResearchSegmentMember2023-01-012023-09-300000749251us-gaap:OperatingSegmentsMemberit:ConferencesMember2023-01-012023-09-300000749251us-gaap:OperatingSegmentsMemberit:ConsultingMember2023-01-012023-09-300000749251us-gaap:OperatingSegmentsMember2023-01-012023-09-300000749251it:CorporateAndReconcilingItemsMember2023-01-012023-09-300000749251srt:MaximumMember2024-01-012024-09-300000749251it:A2024CreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2024-09-300000749251it:A2024CreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2023-12-310000749251it:A2020CreditAgreementMemberit:TermLoanFacilityMember2024-09-300000749251it:A2020CreditAgreementMemberit:TermLoanFacilityMember2023-12-310000749251it:A2020CreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-09-300000749251it:A2020CreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2023-12-310000749251it:SeniorNotesDue2028Memberus-gaap:SeniorNotesMember2023-12-310000749251it:SeniorNotesDue2028Memberus-gaap:SeniorNotesMember2024-09-300000749251it:SeniorNotesDue2029Memberus-gaap:SeniorNotesMember2023-12-310000749251it:SeniorNotesDue2029Memberus-gaap:SeniorNotesMember2024-09-300000749251it:SeniorNotesDue2030Memberus-gaap:SeniorNotesMember2024-09-300000749251it:SeniorNotesDue2030Memberus-gaap:SeniorNotesMember2023-12-310000749251it:OtherLongTermDebtMember2024-09-300000749251it:OtherLongTermDebtMember2023-12-310000749251it:A2024CreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2024-01-012024-09-300000749251it:EconomicDevelopmentLoan2Memberit:ConnecticutEconomicDevelopmentProgramMember2024-01-012024-09-300000749251it:EconomicDevelopmentLoan2Memberit:ConnecticutEconomicDevelopmentProgramMember2024-09-300000749251it:A2024CreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2024-03-260000749251it:A2024CreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2024-03-262024-03-260000749251it:A2024CreditAgreementMemberus-gaap:LetterOfCreditMemberus-gaap:UnsecuredDebtMember2024-03-260000749251it:VariableRateComponentOneMemberit:A2024CreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2024-01-012024-09-300000749251it:VariableRateComponentTwoMemberit:A2024CreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMembersrt:MinimumMember2024-03-262024-03-260000749251it:VariableRateComponentTwoMemberit:A2024CreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMembersrt:MaximumMember2024-03-262024-03-260000749251it:A2024CreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMembersrt:MinimumMember2024-03-262024-03-260000749251it:A2024CreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMembersrt:MaximumMember2024-03-262024-03-260000749251it:SeniorNotesDue2029Memberus-gaap:SeniorNotesMember2021-06-180000749251it:SeniorNotesDue2029Memberus-gaap:SeniorNotesMemberit:DebtInstrumentRedemptionOptionOneMember2021-06-182021-06-180000749251it:SeniorNotesDue2030Memberus-gaap:SeniorNotesMember2020-09-280000749251it:SeniorNotesDue2030Memberus-gaap:SeniorNotesMember2020-09-282020-09-280000749251it:SeniorNotesDue2028Memberus-gaap:SeniorNotesMember2020-06-220000749251it:SeniorNotesDue2028Memberus-gaap:SeniorNotesMember2020-06-222020-06-220000749251it:A2020CreditAgreementMemberit:TermLoanFacilityMember2024-03-250000749251it:A2020CreditAgreementMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2024-03-250000749251us-gaap:DebtInstrumentRedemptionPeriodOneMemberus-gaap:InterestRateSwapMember2024-09-300000749251us-gaap:InterestRateSwapMembersrt:MinimumMember2024-09-300000749251us-gaap:InterestRateSwapMember2024-01-012024-09-300000749251us-gaap:InterestRateSwapMember2024-09-3000007492512015-12-3100007492512021-02-012024-07-310000749251it:OpenMarketPurchasesExcludedMember2023-01-012023-09-300000749251it:OpenMarketPurchasesMember2024-07-012024-09-300000749251it:OpenMarketPurchasesMember2023-07-012023-09-300000749251it:OpenMarketPurchasesExcludedMember2023-07-012023-09-300000749251us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-06-300000749251us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-06-300000749251us-gaap:AccumulatedTranslationAdjustmentMember2024-06-300000749251us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-07-012024-09-300000749251us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-07-012024-09-300000749251us-gaap:AccumulatedTranslationAdjustmentMember2024-07-012024-09-300000749251us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-09-300000749251us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-09-300000749251us-gaap:AccumulatedTranslationAdjustmentMember2024-09-300000749251us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-06-300000749251us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-06-300000749251us-gaap:AccumulatedTranslationAdjustmentMember2023-06-300000749251us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-07-012023-09-300000749251us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-07-012023-09-300000749251us-gaap:AccumulatedTranslationAdjustmentMember2023-07-012023-09-300000749251us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-09-300000749251us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-09-300000749251us-gaap:AccumulatedTranslationAdjustmentMember2023-09-300000749251us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-12-310000749251us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-12-310000749251us-gaap:AccumulatedTranslationAdjustmentMember2023-12-310000749251us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-01-012024-09-300000749251us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-01-012024-09-300000749251us-gaap:AccumulatedTranslationAdjustmentMember2024-01-012024-09-300000749251us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-12-310000749251us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-12-310000749251us-gaap:AccumulatedTranslationAdjustmentMember2022-12-310000749251us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-01-012023-09-300000749251us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2023-01-012023-09-300000749251us-gaap:AccumulatedTranslationAdjustmentMember2023-01-012023-09-300000749251us-gaap:InterestRateSwapMember2024-07-012024-09-300000749251us-gaap:InterestRateSwapMember2023-07-012023-09-300000749251us-gaap:InterestRateSwapMember2023-01-012023-09-300000749251us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherCurrentAssetsMember2024-09-300000749251us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-01-012024-09-300000749251us-gaap:ForeignExchangeForwardMemberus-gaap:NondesignatedMemberit:AccruedLiabilitiesCurrentMember2024-09-300000749251us-gaap:ForeignExchangeForwardMemberus-gaap:NondesignatedMember2024-01-012024-09-300000749251us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMember2023-12-310000749251us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-01-012023-12-310000749251us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherCurrentAssetsMember2023-12-310000749251us-gaap:ForeignExchangeForwardMemberus-gaap:NondesignatedMemberus-gaap:OtherCurrentAssetsMember2023-12-310000749251us-gaap:ForeignExchangeForwardMemberus-gaap:NondesignatedMember2023-01-012023-12-3100007492512023-01-012023-12-310000749251us-gaap:InterestExpenseMember2024-01-012024-09-300000749251us-gaap:InterestExpenseMember2023-01-012023-09-300000749251us-gaap:InterestExpenseMember2024-07-012024-09-300000749251us-gaap:InterestExpenseMember2023-07-012023-09-300000749251us-gaap:OtherNonoperatingIncomeExpenseMember2023-01-012023-09-300000749251us-gaap:OtherNonoperatingIncomeExpenseMember2023-07-012023-09-300000749251us-gaap:OtherNonoperatingIncomeExpenseMember2024-01-012024-09-300000749251us-gaap:OtherNonoperatingIncomeExpenseMember2024-07-012024-09-300000749251us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberit:PlanAssetsMember2024-09-300000749251us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberit:PlanAssetsMember2023-12-310000749251us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-09-300000749251us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000749251us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberit:PlanAssetsMember2024-09-300000749251us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberit:PlanAssetsMember2023-12-310000749251us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignExchangeForwardMemberus-gaap:FairValueMeasurementsRecurringMember2024-09-300000749251us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignExchangeForwardMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000749251us-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMember2024-09-300000749251us-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000749251us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-09-300000749251us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310000749251us-gaap:FairValueMeasurementsRecurringMember2024-09-300000749251us-gaap:FairValueMeasurementsRecurringMember2023-12-310000749251us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberit:PlanLiabilitiesMember2024-09-300000749251us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberit:PlanLiabilitiesMember2023-12-310000749251us-gaap:FairValueInputsLevel2Memberit:SeniorNotesDue2028Memberus-gaap:SeniorNotesMember2024-09-300000749251us-gaap:FairValueInputsLevel2Memberit:SeniorNotesDue2028Memberus-gaap:SeniorNotesMember2023-12-310000749251us-gaap:FairValueInputsLevel2Memberit:SeniorNotesDue2029Memberus-gaap:SeniorNotesMember2024-09-300000749251us-gaap:FairValueInputsLevel2Memberit:SeniorNotesDue2029Memberus-gaap:SeniorNotesMember2023-12-310000749251us-gaap:FairValueInputsLevel2Memberit:SeniorNotesDue2030Memberus-gaap:SeniorNotesMember2024-09-300000749251us-gaap:FairValueInputsLevel2Memberit:SeniorNotesDue2030Memberus-gaap:SeniorNotesMember2023-12-310000749251us-gaap:SeniorNotesMember2024-09-300000749251us-gaap:SeniorNotesMember2023-12-310000749251us-gaap:FairValueInputsLevel2Memberus-gaap:SeniorNotesMember2024-09-300000749251us-gaap:FairValueInputsLevel2Memberus-gaap:SeniorNotesMember2023-12-310000749251us-gaap:LeaseholdImprovementsMember2024-07-012024-09-300000749251us-gaap:LeaseholdImprovementsMember2023-07-012023-09-300000749251it:RightOfUseAssetsMember2024-01-012024-09-300000749251it:RightOfUseAssetsMember2023-01-012023-09-300000749251us-gaap:LeaseholdImprovementsMember2024-01-012024-09-300000749251us-gaap:LeaseholdImprovementsMember2023-01-012023-09-30

美国

证券交易委员会

华盛顿特区20549

表格 10-Q

(标记一个)

☑			根据1934年证券交易所法第13或第15(d)条规定的季度报告。
			截至2024年6月30日季度结束 2024年9月30日
			或
☐			根据1934年证券交易所法第13或15(d)条的规定，转让报告。

委员会档案编号 1-14443

Gartner, Inc.

（依照公司章程规定指定的登记证券名称）

特拉华州									04-3099750
(依据所在地或其他管辖区)									(国税局雇主识别号码)
的注册地或组织地点)									识别号码)
邮政信箱10212号									06902-7700
56号顶级帆船路									（邮政编码）
Stamford,
康涅狄格州
(总部办公地址)

注册人的电话号码，包括区号：(203) 964-0096

根据法案第12(b)条规定注册的证券：

每种类别的名称			交易符号			每个注册交易所的名称
普通股，每股面值$0.0005			资讯科技			纽约证券交易所

请勾选以下项目，以判定在过去12个月(或更短期间，该注册人被要求提交报告)内所有根据1934年证券交易法第13条或第15(d)条要求提供报告的报告是否已经提交，并且该注册人在过去90天中是否受到提交报告的要求。 是 ☑ 否 ☐

请以勾选标记表示，注册资产报告人在过去12个月内（或注册资产报告人必须提交此类文件的较短期间内）是否已按照Regulation S-t（§232.405条）的第405条规定电子提交每个互动数据文件。 是 ☑ 否 ☐

请勾选指示登记者是否为大型快速提交人、快速提交人、非快速提交人、较小的报告公司或新兴成长型公司。请参阅交易所法规120亿2条，了解「大型快速提交人」、「快速提交人」、「较小的报告公司」和「新兴成长型公司」的定义。

大型加速归档人

☑

加速归档人

☐

非加速申报者

☐

较小的报告公司

☐

新兴成长型公司

☐

如果一家新兴成长型公司，请用勾选标记表示该申报人已选择不使用根据证交所法案13(a)条款提供的任何新的或修订过的财务会计准则的延长过渡期。 ☐

请勾选是否注册人属于外壳公司（根据交易所法案120亿2条所定义）。是 ☐ 否 ☑

截至2024年10月31日， 77,134,280 注册人的普通股份中有多少股已发行？

1

---

目录

			页面
第一部分. 财务资讯
项目 1. 基本报表（未经审核）
2024年9月30日和2023年12月31日的精简合并资产负债表			3
截至2024年9月30日和2023年，简明综合损益表			4
截至2024年和2023年9月30日三个月和九个月的综合收益简明合并财务报表			5
截至2024年9月30日及2023年9月30日三个月和九个月的简明合并业主权益变动报表			6
截至2024年和2023年9月30日九个月的综合现金流量简明合并财务报表			8
基本报表注记			9
项目2. 管理层对财务状况及经营成果之讨论及分析			28
项目3. 有关市场风险的定量及质化资讯揭露			40
项目4. 控制项及措施			41
第二部分。其他资讯
项目 1. 法律诉讼			42
项目1A. 风险因素			42
项目 2. 未经注册的股票销售及所得款项之用途			42
项目5. 其他资讯			42
项目6. 附件			44

2

---

第一部分. 财务资讯

项目 1. 基本报表

加特纳公司及其子公司

缩短的合并财务报表

(未经审核；以千为单位，股数除外)

			九月三十日，						12月31日，
			2024						2023
资产
流动资产:
现金及现金等价物			$	1,768,292					$	1,318,999
应收费用，扣除$的应收款项9,000 适用于两个时期			1,305,754						1,601,228
推延佣金			303,999						380,479
预付费用及其他流动资产			173,484						127,180
全部流动资产			3,551,529						3,427,886
物业、设备及租赁改善，净值			254,101						262,718
营运租赁权使用资产			326,211						366,809
商誉			2,937,780						2,937,260
无形资产，扣除累计摊销			440,147						501,958
其他资产			335,682						339,288
总资产			$	7,845,450					$	7,835,919
负债及股东权益
流动负债：
应付款及应计费用			$	909,821					$	1,127,604
透过租赁取得的收益			2,562,139						2,640,515
长期债务的当期偿还			—						9,600
流动负债合计			3,471,960						3,777,719
长期负债，减除递延融资费用净额			2,458,889						2,448,696
营业租赁负债			452,311						513,406
其他负债			397,608						415,464
总负债			6,780,768						7,155,285
股东权益
优先股，面额$0.01，授权股数为5,000,000股，发行且流通股数为截至2024年6月30日和2023年12月31日之184,668,188股和181,364,180股。0.01 每股面额为 5,000,000 授权股份为 无 已发行或流通			—						—
0.010.0005 每股面额为 250,000,000 授权股份为 163,602,067 发行股份以供两个时期			82						82
资本公积额额外增资			2,460,664						2,320,289
累计其他综合损益，净额			(55,633)						(76,331)
累积盈余			5,594,434						4,739,292
按成本核算的库藏股 86,094,671 和 85,264,526 普通股份，分别			(6,934,865)						(6,302,698)
股东权益总计			1,064,682						680,634
负债及股东权益总计			$	7,845,450					$	7,835,919

 

请查阅简明综合基本报表附注。

3

---

加特纳公司及其子公司

损益综合表简明合并报表

(未经审计; 以千为单位，除每股数据外)

			结束于三个月的期间												九个月结束了
			九月三十日，												九月三十日，
			2024						2023						2024						2023
收入：
研究费用。			$	1,280,908					$	1,218,739					$	3,815,072					$	3,643,815
会议			75,776						57,200						331,929						290,739
咨询服务			127,622						132,845						405,291						386,284
总收益			1,484,306						1,408,784						4,552,292						4,320,838
成本及费用:
服务和产品开发成本			475,342						450,841						1,448,097						1,373,398
销售，一般及行政费用			711,729						660,527						2,113,633						1,997,785
折旧			29,082						24,547						82,993						72,155
无形资产摊销			22,170						23,989						68,100						69,625
收购和整合费用			159						4,463						977						7,804
出售被剥离运营的收益			—						—						—						(135,410)
总费用及支出			1,238,482						1,164,367						3,713,800						3,385,357
营业利益			245,824						244,417						838,492						935,481
利息费用，净额			(17,961)						(21,820)						(57,170)						(73,769)
取消事件保险索赔的收益			300,000						—						300,000						3,077
其他（支出）收入，净额			(991)						1,877						4,404						5,086
税前收入			526,872						224,474						1,085,726						869,875
所得税费用			111,823						44,465						230,584						196,040
净利润			$	415,049					$	180,009					$	855,142					$	673,835
每股净利润：
基础			$	5.36					$	2.28					$	10.98					$	8.51
稀释			$	5.32					$	2.26					$	10.90					$	8.44
加权平均股本数:
基础			77,484						78,923						77,880						79,220
稀释			77,968						79,520						78,444						79,862

请查阅简明综合基本报表附注。

4

---

嘉纳咨询公司. 及其附属公司

综合损益总表

(未经审核；以千为单位)

			结束于三个月的期间												九个月结束了
			九月三十日，												九月三十日，
			2024						2023						2024						2023
净利润			$	415,049					$	180,009					$	855,142					$	673,835
其他综合损益（税后净额）：
外汇转换调整			22,398						(13,171)						9,724						(4,407)
利率互换 - 延迟利润或损失的净变动			3,571						3,707						10,821						11,359
退休金计划-延迟精算亏损的净变动			51						33						153						100
其他综合收益（损失）- 税后			26,020						(9,431)						20,698						7,052
综合收益			$	441,069					$	170,578					$	875,840					$	680,887

See the accompanying notes to Condensed Consolidated Financial Statements.

5

---

GARTNER, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Changes in Stockholders’ Equity

(Unaudited; in thousands)

Three and Nine Months Ended September 30, 2024
			Common Stock						Additional Paid-In Capital						Accumulated Other Comprehensive Loss, Net						Accumulated Earnings						Treasury Stock						Total
Balance at December 31, 2023			$	82					$	2,320,289					$	(76,331)					$	4,739,292					$	(6,302,698)					$	680,634
Net income			—						—						—						210,545						—						210,545
Other comprehensive loss			—						—						(6,055)						—						—						(6,055)
Issuances under stock plans			—						2,712						—						—						5,360						8,072
Common share repurchases (including excise tax)			—						—						—						—						(225,522)						(225,522)
Stock-based compensation expense			—						50,500						—						—						—						50,500
Balance at March 31, 2024			$	82					$	2,373,501					$	(82,386)					$	4,949,837					$	(6,522,860)					$	718,174
Net income			—						—						—						229,548						—						229,548
Other comprehensive income			—						—						733						—						—						733
Issuances under stock plans			—						8,587						—						—						(2,161)						6,426
Common share repurchases (including excise tax)			—						—						—						—						(347,969)						(347,969)
Stock-based compensation expense			—						39,747						—						—						—						39,747
Balance at June 30, 2024			$	82					$	2,421,835					$	(81,653)					$	5,179,385					$	(6,872,990)					$	646,659
Net income			—						—						—						415,049						—						415,049
Other comprehensive income			—						—						26,020						—						—						26,020
Issuances under stock plans			—						4,486						—						—						1,869						6,355
Common share repurchases (including excise tax)			—						—						—						—						(63,744)						(63,744)
Stock-based compensation expense			—						34,343						—						—						—						34,343
Balance at September 30, 2024			$	82					$	2,460,664					$	(55,633)					$	5,594,434					$	(6,934,865)					$	1,064,682

6

---

Three and Nine Months Ended September 30, 2023
			Common Stock						Additional Paid-In Capital						Accumulated Other Comprehensive Loss, Net						Accumulated Earnings						Treasury Stock						Total
Balance at December 31, 2022			$	82					$	2,179,604					$	(101,610)					$	3,856,826					$	(5,707,104)					$	227,798
Net income			—						—						—						295,783						—						295,783
Other comprehensive income			—						—						5,700						—						—						5,700
Issuances under stock plans			—						(2,141)						—						—						9,520						7,379
Common share repurchases			—						—						—						—						(108,850)						(108,850)
Stock-based compensation expense			—						45,048						—						—						—						45,048
Balance at March 31, 2023			$	82					$	2,222,511					$	(95,910)					$	4,152,609					$	(5,806,434)					$	472,858
Net income			—						—						—						198,043						—						198,043
Other comprehensive income			—						—						10,783						—						—						10,783
Issuances under stock plans			—						4,313						—						—						1,586						5,899
Common share repurchases (including excise tax)			—						—						—						—						(133,310)						(133,310)
Stock-based compensation expense			—						32,233						—						—						—						32,233
Balance at June 30, 2023			$	82					$	2,259,057					$	(85,127)					$	4,350,652					$	(5,938,158)					$	586,506
Net income			—						—						—						180,009						—						180,009
Other comprehensive loss			—						—						(9,431)						—						—						(9,431)
Issuances under stock plans			—						4,914						—						—						979						5,893
Common share repurchases (including excise tax)			—						—						—						—						(223,381)						(223,381)
Stock-based compensation expense			—						27,042						—						—						—						27,042
Balance at September 30, 2023			$	82					$	2,291,013					$	(94,558)					$	4,530,661					$	(6,160,560)					$	566,638

See the accompanying notes to Condensed Consolidated Financial Statements.

7

---

GARTNER, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(Unaudited; in thousands)

			Nine Months Ended
			September 30,
			2024						2023
Operating activities:
Net income			$	855,142					$	673,835
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization			151,093						141,780
Stock-based compensation expense			124,590						104,323
Deferred taxes			(5,800)						(49,550)
Gain from sale of divested operation			—						(135,410)
Loss on impairment of lease related assets			2,950						19,062
Reduction in the carrying amount of operating lease right-of-use assets			48,431						52,741
Amortization and write-off of deferred financing fees			3,565						3,506
Gain on de-designated swaps			(2,152)						(7,650)
Changes in assets and liabilities, net of acquisitions and divestitures:
Fees receivable, net			286,634						418,033
Deferred commissions			75,783						77,510
Prepaid expenses and other current assets			(46,954)						(39,204)
Other assets			(35,565)						(28,752)
Deferred revenues			(83,961)						(51,412)
Accounts payable and accrued and other liabilities			(224,189)						(247,405)
Cash provided by operating activities			1,149,567						931,407
Investing activities:
Additions to property, equipment and leasehold improvements			(77,796)						(75,145)
Acquisition of business			(2,000)						(3,800)
Proceeds from sale of divested operation			—						156,057
Cash (used in) provided by investing activities			(79,796)						77,112
Financing activities:
Proceeds from employee stock purchase plan			20,792						19,115
Payments of deferred financing fees			(2,972)						—
Proceeds from revolving credit facility			274,400						—
Payments on long-term debt			(274,400)						(5,400)
Purchases of treasury stock			(633,377)						(447,739)
Cash used in financing activities			(615,557)						(434,024)
Net increase in cash and cash equivalents and restricted cash			454,214						574,495
Effects of exchange rates on cash and cash equivalents			(5,521)						(23,139)
Cash and cash equivalents and restricted cash, beginning of period			1,319,599						698,599
Cash and cash equivalents and restricted cash, end of period			$	1,768,292					$	1,249,955

See the accompanying notes to Condensed Consolidated Financial Statements.

8

---

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 insight that drives smarter decisions and stronger performance on an organization’s mission-critical priorities.

Segments. Gartner delivers its products and services globally through three business segments: Research, 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, 2023.

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 nine months ended September 30, 2024 may not be indicative of the results of operations for the remainder of 2024 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 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 these interim 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.

Cash and cash equivalents and restricted cash. Below is a table presenting the beginning-of-period and end-of-period cash amounts from the Company’s Condensed Consolidated Balance Sheets and the total cash amounts presented in the Condensed Consolidated Statements of Cash Flows (in thousands).

						September 30,						December 31,
						2024						2023
Cash and cash equivalents						$	1,768,292					$	1,318,999
Restricted cash classified in (1):
Prepaid expenses and other current assets						—						600
Cash and cash equivalents and restricted cash						$	1,768,292					$	1,319,599

(1)Restricted cash consisted of an escrow account established in connection with one of the Company’s business acquisitions. Generally, such cash is restricted to use due to provisions contained in the underlying acquisition agreement. During the

9

---

nine months ended September 30, 2024, the Company paid $0.6 million of restricted cash for deferred consideration related to a 2022 acquisition.

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.

Gain on event cancellation insurance claims. On July 25, 2024 the Company entered into a settlement agreement to resolve litigation concerning the Company's event cancellation insurance for 2020 and 2021. The settlement resolved all remaining 2020 and 2021 event cancellation insurance claims for $300.0 million, which the Company received in August 2024. In February 2023, the Company received $3.1 million of proceeds related to 2020 event cancellation insurance claims. The Company does not record any gain on insurance claims in excess of expenses incurred until the receipt of the insurance proceeds is deemed to be realizable.

Accounting standards issued but not yet adopted. The FASB has issued accounting standards that have not yet become effective as of September 30, 2024 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 Taxes— In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures (“ASU No. 2023-09”). The amendments in this ASU are expected to enhance the transparency and decision usefulness of income tax disclosures. ASU 2023-09 requires entities to enhance income tax disclosures primarily related to the rate reconciliation and income taxes paid information. Companies will need to disaggregate the disclosure of income taxes paid (net of refunds received) by federal, state, and foreign taxes on an annual basis. Additionally, on an annual basis, companies would disclose income taxes paid disaggregated by individual jurisdiction using a quantitative threshold of 5% of total income taxes paid. Public business entities would also be required to provide, on an annual basis, rate reconciliation information by specific categories, including state and local income tax, the effect of cross-border tax laws, foreign tax effects, changes in prior year unrecognized tax benefits, and tax credits, among others. Additionally, some categories would then require disaggregation based on a quantitative threshold of 5%. The foreign tax effect category requires disaggregation by both jurisdiction and nature. The ASU also requires additional qualitative disclosures. All public entities will be required to report income tax information in accordance with the new guidance starting in annual periods beginning after December 15, 2024. The Company expects this ASU to only impact its disclosures with no impacts to the Company’s results of operations, cash flows, and financial condition.

Segment Reporting— In November 2023, the FASB issued ASU 2023-07, Segment Reporting: Improvements in Reportable Segment Disclosures (“ASU No. 2023-07”). The amendments in the ASU are expected to improve disclosures about a public entity’s reportable segments and addresses requests from investors and other allocators of capital for additional, more detailed information about a reportable segment’s expenses. ASU 2023-07 requires public companies to disclose, on an annual and interim basis, significant expenses that are regularly provided to the chief operating decision maker (CODM) and included within each reported measure of segment profit and loss. The amendments in the ASU require that a public company provide all annual disclosures about a reportable segment’s profit or loss and assets currently required under ASC 280 in interim periods. The amendments in the ASU also require that a public entity disclose, on an annual and interim basis, an amount for other segment items by reportable segment and a description of its composition. The other segment items category is the difference between segment revenue less the significant expenses disclosed and each reported measure of segment profit or loss. The amendments in the ASU, among other items, also requires that a public company disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. The ASU applies to all public entities that are required to report segment information in accordance with Topic 280. All public entities will be required to report segment information in accordance with the new guidance starting in annual periods beginning after December 15, 2023 and for interim periods within annual periods beginning after December 15, 2024. The Company expects this ASU to only impact its disclosures with no impacts to the Company’s results of operations, cash flows, and financial condition.

Note 2 — Acquisition and Divestiture

Acquisition

10

---

In September 2023, the Company acquired 100% of a formerly independent sales agent of Gartner research products in the Czech Republic for an aggregate purchase price of $7.9 million, including cash acquired and deferred consideration. During the nine months ended September 30, 2024, the Company paid $2.0 million of deferred consideration.

Divestiture

In February 2023, the Company completed the sale of a non-core business, TalentNeuron, for approximately $161.1 million net of post-close adjustments. The Company recorded a pre-tax gain of $135.4 million on the sale of TalentNeuron, which is included in Gain from sale of divested operation in the Consolidated Statement of Operations during the nine months ended September 30, 2023. TalentNeuron was included in the Company’s Research 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 qualitative analysis conducted during the quarter ended September 30, 2024 that indicated no impairment. Subsequent to completing the 2024 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 nine months ended September 30, 2024 (in thousands).

			Research						Conferences						Consulting						Total
Balance at December 31, 2023 (1)			$	2,657,549					$	183,997					$	95,714					$	2,937,260
Foreign currency translation impact			78						1						441						520
Balance at September 30, 2024 (1)			$	2,657,627					$	183,998					$	96,155					$	2,937,780

(1)The Company does not have any accumulated goodwill impairment losses.

11

---

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).

September 30, 2024						Customer Relationships						Technology-related												Other						Total
Gross cost at December 31, 2023						$	1,077,183					$	11,200											$	10,200					$	1,098,583
Intangible assets fully amortized						—						(11,200)												—						(11,200)
Foreign currency translation impact						14,764						—												—						14,764
Gross cost						1,091,947						—												10,200						1,102,147
Accumulated amortization (1)						(654,938)						—												(7,062)						(662,000)
Balance at September 30, 2024						$	437,009					$	—											$	3,138					$	440,147

December 31, 2023						Customer Relationships						Technology-related												Other						Total
Gross cost						$	1,077,183					11,200												$	10,200					$	1,098,583
Accumulated amortization (1)						(580,937)						(9,333)												(6,355)						(596,625)
Balance at December 31, 2023						$	496,246					$	1,867											$	3,845					$	501,958

(1) Finite-lived intangible assets are amortized using the straight-line method over the following periods: Customer relationships—6 to 13 years; Technology-related—3 years; and Other—11 years.

Amortization expense related to finite-lived intangible assets was $22.2 million and $24.0 million during the three months ended September 30, 2024 and 2023, respectively, and $68.1 million and $69.6 million during the nine months ended September 30, 2024 and 2023, respectively. The estimated future amortization expense by year for finite-lived intangible assets is presented in the table below (in thousands).

2024 (remaining three months)			$	22,352
2025			82,606
2026			79,932
2027			79,324
2028			77,852
Thereafter			98,081
			$	440,147

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)

12

---

Three Months Ended September 30, 2024
Primary Geographic Market			Research			Conferences			Consulting			Total
United States and Canada			$	836,195		$	8,191		$	79,448		$	923,834
Europe, Middle East and Africa			297,916			40,486			30,637			369,039
Other International			146,797			27,099			17,537			191,433
Total revenues			$	1,280,908		$	75,776		$	127,622		$	1,484,306
Three Months Ended September 30, 2023
Primary Geographic Market			Research			Conferences			Consulting			Total
United States and Canada			$	822,401		$	7,652		$	87,409		$	917,462
Europe, Middle East and Africa			261,813			30,398			29,502			321,713
Other International			134,525			19,150			15,934			169,609
Total revenues			$	1,218,739		$	57,200		$	132,845		$	1,408,784
Nine Months Ended September 30, 2024
Primary Geographic Market			Research			Conferences			Consulting			Total
United States and Canada			$	2,504,135		$	187,400		$	248,930		$	2,940,465
Europe, Middle East and Africa			873,109			97,443			101,920			1,072,472
Other International			437,828			47,086			54,441			539,355
Total revenues			$	3,815,072		$	331,929		$	405,291		$	4,552,292
Nine Months Ended September 30, 2023
Primary Geographic Market			Research			Conferences			Consulting			Total
United States and Canada			$	2,444,524		$	179,670		$	240,797		$	2,864,991
Europe, Middle East and Africa			788,725			78,408			96,305			963,438
Other International			410,566			32,661			49,182			492,409
Total revenues			$	3,643,815		$	290,739		$	386,284		$	4,320,838

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

The Company’s revenue is generated primarily through direct sales to clients by domestic and international sales forces and a network of independent international sales agents.

By Timing of Revenue Recognition

Three Months Ended September 30, 2024
Timing of Revenue Recognition			Research			Conferences			Consulting			Total
Transferred over time (1)			$	1,206,182		$	—		$	101,246		$	1,307,428
Transferred at a point in time (2)			74,726			75,776			26,376			176,878
Total revenues			$	1,280,908		$	75,776		$	127,622		$	1,484,306
Three Months Ended September 30, 2023
Timing of Revenue Recognition			Research			Conferences			Consulting			Total
Transferred over time (1)			$	1,125,285		$	—		$	99,719		$	1,225,004
Transferred at a point in time (2)			93,454			57,200			33,126			183,780
Total revenues			$	1,218,739		$	57,200		$	132,845		$	1,408,784

13

---

Nine Months Ended September 30, 2024
Timing of Revenue Recognition			Research			Conferences			Consulting			Total
Transferred over time (1)			$	3,576,076		$	—		$	316,417		$	3,892,493
Transferred at a point in time (2)			238,996			331,929			88,874			659,799
Total revenues			$	3,815,072		$	331,929		$	405,291		$	4,552,292
Nine Months Ended September 30, 2023
Timing of Revenue Recognition			Research			Conferences			Consulting			Total
Transferred over time (1)			$	3,348,409		$	—		$	300,647		$	3,649,056
Transferred at a point in time (2)			295,406			290,739			85,637			671,782
Total revenues			$	3,643,815		$	290,739		$	386,284		$	4,320,838

(1)Research 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 September 30, 2024 was approximately $5.7 billion. The Company expects to recognize $1.0 billion, $3.0 billion and $1.7 billion of this revenue (most of which pertains to Research) during the remainder of 2024, the year ending December 31, 2025 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 Research 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).

			September 30,						December 31,
			2024						2023
Assets:
Fees receivable, gross (1)			$	1,314,754					$	1,610,228
Contract assets recorded in Prepaid expenses and other current assets (2)			$	31,977					$	28,791
Contract liabilities:
Deferred revenues (current liability) (3)			$	2,562,139					$	2,640,515
Non-current deferred revenues recorded in Other liabilities (3)			24,398						33,490
Total contract liabilities			$	2,586,537					$	2,674,005

(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).

14

---

The Company recognized revenue of $1.1 billion and $1.0 billion during the three months ended September 30, 2024 and 2023, respectively and $2.1 billion and $1.9 billion during the nine months ended September 30, 2024 and 2023, respectively, that was attributable to deferred revenues that were recorded at the beginning of each such period. Those amounts primarily consisted of Research 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 and nine months ended September 30, 2024 and 2023, 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 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												Nine Months Ended
						September 30,												September 30,
						2024						2023						2024						2023
Numerator:
Net income used for calculating basic and diluted income per share						$	415,049					$	180,009					$	855,142					$	673,835
Denominator:
Weighted average common shares used in the calculation of basic income per share						77,484						78,923						77,880						79,220
Dilutive effect of outstanding awards associated with stock-based compensation plans (1)						484						597						564						642
Shares used in the calculation of diluted income per share						77,968						79,520						78,444						79,862
Basic income per share						$	5.36					$	2.28					$	10.98					$	8.51
Diluted income per share						$	5.32					$	2.26					$	10.90					$	8.44

(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 de minimis and approximately 0.1 million for the three and nine months ended September 30, 2024, respectively and approximately 0.1 million for both the three and nine months ended September 30, 2023.

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 September 30, 2024, the Company had 5.6 million shares of its common stock, par value $0.0005 per share, (the “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												Nine Months Ended
						September 30,												September 30,
Award type						2024						2023						2024						2023
Stock appreciation rights						$	3.0					$	2.5					$	10.6					$	8.1
Restricted stock units						31.2						24.3						113.2						95.4
Common stock equivalents						0.2						0.3						0.8						0.9
Total (1)						$	34.4					$	27.1					$	124.6					$	104.4

15

---

						Three Months Ended												Nine Months Ended
						September 30,												September 30,
Expense category line item						2024						2023						2024						2023
Cost of services and product development						$	13.8					$	11.5					$	48.6					$	42.5
Selling, general and administrative						20.6						15.6						76.0						61.9
Total (1)						$	34.4					$	27.1					$	124.6					$	104.4

(1)Includes costs of $12.9 million and $8.5 million during the three months ended September 30, 2024 and 2023, respectively, and $61.9 million and $48.4 million during the nine months ended September 30, 2024 and 2023, 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 segments – Research, Conferences and Consulting, as described below.

•Research equips executives and their teams from every function and across all industries with actionable, objective insight, 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 our Gartner Symposium/Xpo series, to industry-leading conferences focused on specific business roles and topics, to peer-driven sessions, our offerings enable attendees to experience the best of Gartner insight and guidance.

•Consulting serves senior executives leading technology-driven strategic initiatives leveraging the power of Gartner’s actionable, objective insight. Through custom analysis and on-the-ground support we enable optimized technology investments and stronger performance on our clients’ mission critical priorities.

The Company evaluates segment performance and allocates resources based on gross contribution margin. 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, Acquisition and integration charges 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 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 September 30, 2024			Research						Conferences						Consulting						Consolidated
Revenues			$	1,280,908					$	75,776					$	127,622					$	1,484,306
Gross contribution			943,426						30,489						41,517						1,015,432
Corporate and other expenses																					(769,608)
Operating income																					$	245,824
Three Months Ended September 30, 2023			Research						Conferences						Consulting						Consolidated
Revenues			$	1,218,739					$	57,200					$	132,845					$	1,408,784
Gross contribution			894,149						20,449						48,551						963,149
Corporate and other expenses																					(718,732)
Operating income																					$	244,417

16

---

Nine Months Ended September 30, 2024			Research						Conferences						Consulting						Consolidated
Revenues			$	3,815,072					$	331,929					$	405,291					$	4,552,292
Gross contribution			2,821,116						161,856						149,523						3,132,495
Corporate and other expenses																					(2,294,003)
Operating income																					$	838,492
Nine Months Ended September 30, 2023			Research						Conferences						Consulting						Consolidated
Revenues			$	3,643,815					$	290,739					$	386,284					$	4,320,838
Gross contribution			2,678,945						145,687						146,680						2,971,312
Corporate and other expenses																					(2,035,831)
Operating income																					$	935,481

The table below provides a reconciliation of total segment gross contribution to net income for the periods indicated (in thousands).

						Three Months Ended												Nine Months Ended
						September 30,												September 30,
						2024						2023						2024						2023
Total segment gross contribution						$	1,015,432					$	963,149					$	3,132,495					$	2,971,312
Costs and expenses:
Cost of services and product development - unallocated (1)						6,468						5,206						28,300						23,872
Selling, general and administrative						711,729						660,527						2,113,633						1,997,785
Depreciation and amortization						51,252						48,536						151,093						141,780
Acquisition and integration charges						159						4,463						977						7,804
Gain from sale of divested operation						—						—						—						(135,410)
Operating income						245,824						244,417						838,492						935,481
Interest expense and other, net						(18,952)						(19,943)						(52,766)						(68,683)
Gain on event cancellation insurance claims						300,000						—						300,000						3,077
Less: Provision for income taxes						111,823						44,465						230,584						196,040
Net income						$	415,049					$	180,009					$	855,142					$	673,835

(1)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.

Note 8 — Debt

17

---

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

						September 30,						December 31,
Description						2024						2023
2024 Credit Agreement - Revolving facility (1), (2)						$	274,400					$	—
2020 Credit Agreement - Term loan facility						—						274,400
2020 Credit Agreement - Revolving credit facility						—						—
4.50% Senior Notes due 2028 (“2028 Notes”)						800,000						800,000
3.625% Senior Notes due 2029 (“2029 Notes”)						600,000						600,000
3.75% Senior Notes due 2030 (“2030 Notes”)						800,000						800,000
Other (3)						5,000						5,000
Principal amount outstanding (4)						2,479,400						2,479,400
Less: deferred financing fees (5)						(20,511)						(21,104)
Net balance sheet carrying amount						$	2,458,889					$	2,458,296

(1)The contractual annualized interest rate as of September 30, 2024 on the 2024 Credit Agreement was 6.600%, which consisted of Term Secured Overnight Financing Rate (“SOFR”) of 5.250% plus a margin of 1.350%. However, the Company has an interest rate swap contract that effectively converts the floating SOFR on outstanding amounts to a fixed base rate.

(2)The Company had approximately $0.7 billion of available borrowing capacity on the 2024 Credit Agreement revolver (not including the expansion feature) as of September 30, 2024.

(3)Consists of a State of Connecticut economic development loan originated in 2019 with a 10-year maturity and bears interest at a fixed rate of 1.75%. This loan may be repaid at any time by the Company without penalty.

(4)The weighted average annual effective rate on the Company’s outstanding debt for the three and nine months ended September 30, 2024, including the effects of its interest rate swaps discussed below, was 4.96% and 5.00%, respectively.

(5)Deferred financing fees 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 “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.

On March 26, 2024, the Company borrowed $274.4 million under the 2024 Credit Agreement. The initial borrowing was used to repay the outstanding amounts under the 2020 Credit Agreement. Additional amounts borrowed under the 2024 Credit Agreement will be used for working capital needs and general corporate purposes of the Company and its subsidiaries, including the funding of acquisitions and investments, payment of capital expenditures and the repurchase of shares.

Interest under the revolving facility accrues, at a variable rate, based on, at our option, (i) the 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 September 30, 2024, the applicable all-in margin on the revolving facility was 1.35% (including the credit spread adjustment). 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.

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. Subsidiaries of the Company are not required to

18

---

guarantee obligations under the facility, unless such subsidiaries guarantee indebtedness in excess of a threshold set out in the 2024 Credit Agreement, subject to certain limitations and exceptions.

The 2024 Credit Agreement contains customary events of default that include, among others, non-payment of principal, interest or fees, material inaccuracy of representations and warranties, violation of covenants, cross defaults to certain other indebtedness, bankruptcy and insolvency events, ERISA defaults, material judgments, and events constituting a change of control. The occurrence of an event of default allows the lenders to terminate their obligations to lend under the 2024 Credit Agreement and could result in the acceleration of the Company’s obligations under the facility.

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 pursuant to an indenture, dated as of June 18, 2021 (the “2029 Note Indenture”), among the Company, the guarantors party thereto and U.S. Bank National Association, as trustee.

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. Prior to June 15, 2024, the Company may redeem up to 40% of the aggregate principal amount of the 2029 Notes in connection with certain equity offerings, or some or all of the 2029 Notes with a “make-whole” premium, in each case subject to the terms set forth in the 2029 Note Indenture.

On March 26, 2024, in connection with the closing of the 2024 Credit Agreement and as a result of the termination of the 2020 Credit Agreement, the Company’s subsidiaries that guaranteed the Company’s 2029 Notes were released from their guarantee obligations with respect to the Notes, in accordance with the terms of the indenture pursuant to which the 2029 Notes was issued.

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 pursuant to an indenture, dated as of September 28, 2020 (the “2030 Note Indenture”), among the Company, the guarantors party thereto and U.S. Bank National Association, as trustee.

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.

On March 26, 2024, in connection with the closing of the 2024 Credit Agreement and as a result of the termination of the 2020 Credit Agreement, the Company’s subsidiaries that guaranteed the Company’s 2030 Notes were released from their guarantee obligations with respect to the Notes, in accordance with the terms of the indenture pursuant to which the 2030 Notes was issued.

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 pursuant to an indenture, dated as of June 22, 2020 (the “2028 Note Indenture”), among the Company, the guarantors party thereto and U.S. Bank National Association, as trustee.

19

---

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. Prior to July 1, 2023, the Company may redeem up to 40% of the aggregate principal amount of the 2028 Notes in connection with certain equity offerings, or some or all of the 2028 Notes with a “make-whole” premium, in each case subject to the terms set forth in the 2028 Note Indenture.

On March 26, 2024, in connection with the closing of the 2024 Credit Agreement and as a result of the termination of the 2020 Credit Agreement, the Company’s subsidiaries that guaranteed the Company’s 2028 Notes were released from their guarantee obligations with respect to the Notes, in accordance with the terms of the indenture pursuant to which the 2028 Notes was issued.

2020 Credit Agreement

Prior to entering into the 2024 Credit Agreement, the Company had a credit facility that provided for a $400.0 million Term loan facility and a $1.0 billion Revolving credit facility (the “2020 Credit Agreement”). The 2020 Credit Agreement contained certain customary restrictive loan covenants, including, among others, financial covenants that applied a maximum consolidated leverage ratio and a minimum consolidated interest expense coverage ratio. On March 26, 2024, concurrently with the Company’s entry into the 2024 Credit Agreement, the Company terminated the 2020 Credit Agreement and repaid all amounts outstanding.

Interest Rate Swap

As of September 30, 2024, the Company had one fixed-for-floating interest rate swap contract with a notional value of $350.0 million that matures in September 2025. Under the contract, the Company pays a base fixed rate of 2.98% and in return receives a floating Term SOFR base rate on 30-day notional borrowings.

Effective June 30, 2020, the Company de-designated all of its interest rate swaps and discontinued hedge accounting. Accordingly, subsequent changes to the fair value of the interest rate swap are recorded in Other (expense) income, net. The amounts previously recorded in Accumulated other comprehensive loss are amortized into Interest expense, net over the terms of the hedged forecasted interest payments. As of September 30, 2024, $17.8 million is remaining in Accumulated other comprehensive loss, net. See Note 11 — Derivatives and Hedging for the amounts remaining in Accumulated other comprehensive loss, net of tax effect, at September 30, 2024 and December 31, 2023. See Note 12 — Fair Value Disclosures for a discussion of the fair values of Company’s interest rate swaps.

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 $4.1 billion of the Company’s common stock from February 2021 to July 2024. As of September 30, 2024, $1.0 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.

20

---

The Company’s share repurchase activity is presented in the table below for the periods indicated.

						Three Months Ended												Nine Months Ended
						September 30,												September 30,
						2024						2023						2024						2023
Number of shares repurchased (1)						136,319						648,616						1,404,628						1,400,129
Cash paid for repurchased shares (in thousands) (2)						$	68,660					$	209,367					$	633,377					$	447,739

(1)The average purchase price for repurchased shares was $466.99 and $341.11 for the three months ended September 30, 2024 and 2023, respectively, and $450.92 and $330.50 for the nine months ended September 30, 2024 and 2023, respectively. The repurchased shares during the three and nine months ended September 30, 2024 and 2023 included purchases for both open market purchases and stock-based compensation award settlements.

(2)The cash paid for repurchased shares during the nine months ended September 30, 2024 excluded excise tax accrued. The cash paid for repurchased shares during the nine months ended September 30, 2023 excluded $15.0 million of open market purchases with trade dates in September 2023 that settled in October 2023 and excise tax accrued. The cash paid for repurchased shares during the three months ended September 30, 2024 included $5.0 million of open market purchases with trade dates in June 2024 that settled in July 2024. The cash paid for repurchased shares during the three months ended September 30, 2023 included $3.1 million of open market purchases with trade dates in June 2023 that settled in July 2023, and excluded $15.0 million of open market purchases with trade dates in September 2023 that settled in October 2023 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 September 30, 2024

						Interest Rate Swaps						Defined Benefit Pension Plans						Foreign Currency Translation Adjustments						Total
Balance – June 30, 2024						$	(16,912)					$	(5,629)					$	(59,112)					$	(81,653)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income						—						—						22,398						22,398
Reclassifications from AOCL to income (2), (3)						3,571						51						—						3,622
Other comprehensive income (loss), net						3,571						51						22,398						26,020
Balance – September 30, 2024						$	(13,341)					$	(5,578)					$	(36,714)					$	(55,633)

Three Months Ended September 30, 2023

						Interest Rate Swaps						Defined Benefit Pension Plans						Foreign Currency Translation Adjustments						Total
Balance – June 30, 2023						$	(31,596)					$	(4,180)					$	(49,351)					$	(85,127)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income						—						—						(13,171)						(13,171)
Reclassifications from AOCL to income (2), (3)						3,707						33						—						3,740
Other comprehensive income (loss), net						3,707						33						(13,171)						(9,431)
Balance – September 30, 2023						$	(27,889)					$	(4,147)					$	(62,522)					$	(94,558)

21

---

Nine Months Ended September 30, 2024
						Interest Rate Swaps						Defined Benefit Pension Plans						Foreign Currency Translation Adjustments						Total
Balance – December 31, 2023						$	(24,162)					$	(5,731)					$	(46,438)					$	(76,331)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income						—						—						9,724						9,724
Reclassifications from AOCL to income (2), (3)						10,821						153						—						10,974
Other comprehensive income (loss), net						10,821						153						9,724						20,698
Balance – September 30, 2024						$	(13,341)					$	(5,578)					$	(36,714)					$	(55,633)

Nine Months Ended September 30, 2023
						Interest Rate Swaps						Defined Benefit Pension Plans						Foreign Currency Translation Adjustments						Total
Balance – December 31, 2022						$	(39,248)					$	(4,247)					$	(58,115)					$	(101,610)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income						—						—						(4,407)						(4,407)
Reclassifications from AOCL to income (2), (3)						11,359						100						—						11,459
Other comprehensive income (loss), net						11,359						100						(4,407)						7,052
Balance – September 30, 2023						$	(27,889)					$	(4,147)					$	(62,522)					$	(94,558)

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

(2)$4.8 million and $4.9 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the three months ended September 30, 2024 and 2023, respectively. $14.4 million and $15.2 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the nine months ended September 30, 2024 and 2023, respectively. See Note 8 — Debt and Note 11 — Derivatives and Hedging for information regarding the cash flow hedges.

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

The estimated net amount of the existing losses on the Company’s interest rate swaps that are reported in Accumulated other comprehensive loss, net at September 30, 2024 that is expected to be reclassified into earnings within the next 12 months is $17.8 million.

Note 10 — Income Taxes

The provision for income taxes was $111.8 million and $44.5 million for the three months ended September 30, 2024 and 2023, respectively. The effective income tax rate was 21.2% and 19.8% for the three months ended September 30, 2024 and 2023, respectively. The effective income tax rate is higher in the current year primarily due to favorable impact of the expiration of statutes for uncertain tax positions in the three months ended September 30, 2023.

The provision for income taxes was $230.6 million and $196.0 million for the nine months ended September 30, 2024 and 2023, respectively. The effective income tax rate was 21.2% and 22.5% for the nine months ended September 30, 2024 and 2023, respectively. The effective income tax rate was higher in the prior year primarily due to the impact of the sale of the TalentNeuron business.

The Company had gross unrecognized tax benefits of $166.5 million on September 30, 2024 and $148.4 million on December 31, 2023. It is reasonably possible that gross unrecognized tax benefits will decrease by approximately $9.4 million within the next twelve months due to the anticipated closure of audits and the expiration of certain statutes of limitation.

In January 2024, the Company completed an intercompany transfer of certain intellectual property (“IP”). The tax impact of the transfer did not have a significant impact on our effective tax rate. Prior to the sale, the Company had a $103.1 million deferred

22

---

tax asset for tax basis in the related IP and a full valuation allowance due to there being no expected local tax benefit of the asset. As a result of the IP transfer, the deferred tax asset and related valuation allowance were written off with no impact to tax expense. The Company’s intellectual property footprint continues to evolve and may result in tax rate volatility in the future.

The Organization for Economic Co-operation and Development (“the OECD”) has issued various tax proposals including a two-pillar approach to global taxation (BEPS 2.0/ Pillar Two), focusing on global profit allocation and a 15% global corporate minimum tax rate. Several countries in which Gartner does business have proposed or enacted new laws to align with OECD Pillar Two proposals. The minimum tax is treated as a current cost beginning in 2024 and does not have a significant impact on the Company's effective tax rate for the current period. Significant details around the provisions are still uncertain as the OECD and participating countries continue to work on defining the underlying rules and administrative procedures. The Company will continue to monitor and reflect the impact of such legislative changes in 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).

September 30, 2024
Derivative Contract Type						Number of Contracts						Notional Amounts						Fair Value Asset (Liability), Net (3)						Balance Sheet Line Item						Unrealized Loss Recorded in AOCL, net of tax
Interest rate swap (1)						1						$	350,000					$	2,917					Other current assets						$	(13,341)
Foreign currency forwards (2)						27						96,449						(210)						Accrued liabilities						—
Total						28						$	446,449					$	2,707											$	(13,341)

December 31, 2023
Derivative Contract Type						Number of Contracts						Notional Amounts						Fair Value Asset (Liability), Net (3)						Balance Sheet Line Item						Unrealized Loss Recorded in AOCL, net of tax
Interest rate swap (1)						1						$	350,000					$	1,097					Other assets						$	(24,162)
																		5,962						Other current assets
Foreign currency forwards (2)						111						525,719						180						Other current assets						—
Total						112						$	875,719					$	7,239											$	(24,162)

(1)Effective June 30, 2020, the Company de-designated all of its interest rate swaps and discontinued hedge accounting. Accordingly, subsequent changes to fair value of the interest rate swap are recorded in Other (expense) income, net. The amounts previously recorded in Accumulated other comprehensive loss are amortized into Interest expense, net over the terms of the hedged forecasted interest payments. See Note 8 — Debt for additional information regarding the Company’s interest rate swap contract.

(2)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 September 30, 2024 matured before October 31, 2024.

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

At September 30, 2024, 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

23

---

accompanying Condensed Consolidated Statements of Operations for derivative contracts for the periods indicated (in thousands).

						Three Months Ended												Nine Months Ended
						September 30,												September 30,
Amount recorded in:						2024						2023						2024						2023
Interest expense, net (1)						$	4,766					$	4,948					$	14,442					$	15,159
Other (income) expense, net (2)						721						(2,567)						(5,348)						(8,367)
Total (income) expense, net						$	5,487					$	2,381					$	9,094					$	6,792

(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 gains and losses on de-designated interest rate swaps.

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).

24

---

Description						September 30, 2024						December 31, 2023
Assets:
Values based on Level 1 inputs:
Deferred compensation plan assets (1)						$	16,049					$	10,290
Total Level 1 inputs						16,049						10,290
Values based on Level 2 inputs:
Deferred compensation plan assets (1)						128,634						104,555
Foreign currency forward contracts (2)						43						1,646
Interest rate swap contract (3)						2,917						7,059
Total Level 2 inputs						131,594						113,260
Total Assets						$	147,643					$	123,550
Liabilities:
Values based on Level 2 inputs:
Deferred compensation plan liabilities (1)						$	146,901					$	121,708
Foreign currency forward contracts (2)						253						1,466
Total Level 2 inputs						147,154						123,174
Total Liabilities						$	147,154					$	123,174

(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.

(3)The Company has an interest rate swap contract that hedges the risk of variability from interest payments on its borrowings (see Note 8 — Debt). The fair value of the interest rate swap is based on mark-to-market valuations prepared by a third-party broker. This valuation is based on observable interest rates from recently executed market transactions and other observable market data, which the Company considers to be Level 2 inputs. The Company independently corroborates the reasonableness of the valuations prepared by the third-party broker by using an electronic quotation service.

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
						September 30,						December 31,						September 30,						December 31,
Description						2024						2023						2024						2023
2028 Notes						$	794,989					$	794,088					$	793,112					$	759,040
2029 Notes						595,447						594,794						573,492						543,408
2030 Notes						793,861						793,189						751,296						709,600
Total						$	2,184,297					$	2,182,071					$	2,117,900					$	2,012,048

Assets and liabilities measured at fair value on a non-recurring basis

The Company’s certain long-lived assets, including identifiable intangible assets, goodwill, right-of-use assets and other long-lived assets, are measured at fair value on a nonrecurring basis when there are indicators of impairment. The Company recorded

impairment losses during the three months ended September 30, 2024 and 2023 of $2.4 million and $0.3 million, respectively, and $3.0 million and $19.0 million for the nine months ended September 30, 2024 and 2023, respectively, on right-of-use assets and other long-lived assets primarily related to certain office leases that the Company determined will no longer be used. The

25

---

impairments were derived by comparing the fair value of the impacted assets to the carrying value of those assets as of the impairment measurement date, as required under ASC Topic 360 using Level 3 inputs. See Note 14 — Leases for additional discussion related to these impairment charges.

Note 13 — Contingencies

Legal Matters. The Company is involved in legal proceedings and litigation arising in the ordinary course of business. A provision is recorded for pending litigation in the Company’s consolidated financial statements when it is determined that an unfavorable outcome 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 from all proceedings, claims and litigation 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 September 30, 2024, 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 2024 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 ten 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 2024 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												Nine Months Ended
						September 30,												September 30,
Description:						2024						2023						2024						2023
Operating lease cost (1)						$	25,446					$	27,941					$	77,005					$	85,307
Lease cost (2)						6,785						6,073						17,489						16,353
Sublease income						(13,366)						(13,906)						(37,055)						(39,831)
Total lease cost, net (3) (4)						$	18,865					$	20,108					$	57,439					$	61,829
Cash paid for amounts included in the measurement of operating lease liabilities						$	33,925					$	39,645					$	106,761					$	109,787
Cash receipts from sublease arrangements						$	11,425					$	13,362					$	34,519					$	38,580
Right-of-use assets obtained in exchange for new operating lease liabilities						$	2,426					$	1,476					$	13,161					$	9,467

(1)Included in operating lease cost was $9.1 million and $10.9 million for the three months ended September 30, 2024 and 2023, respectively, and $27.5 million and $32.3 million for the nine months ended September 30, 2024 and 2023, respectively, for costs related to subleasing activities.

26

---

(2)These amounts are primarily variable lease and nonlease 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.

(4)Amount excludes impairment charges on lease related assets, as discussed below.

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).

						September 30,						December 31,
Description:						2024						2023
Accounts payable and accrued liabilities						$	92,763					$	98,493
Operating lease liabilities						452,311						513,406
Total operating lease liabilities included in the Condensed Consolidated Balance Sheets						$	545,074					$	611,899

As a result and in consideration of the changing nature of the Company’s use of office space, the Company continues to evaluate its existing real estate lease portfolio. In connection with this evaluation, the Company reviewed certain of its right-of-use assets and related other long-lived assets for impairment under ASC 360. As a result of the evaluation, the Company recognized impairment losses during the three months ended September 30, 2024 and 2023 of $2.4 million and $0.3 million, respectively, and $3.0 million and $19.0 million for the nine months ended September 30, 2024 and 2023, respectively, which are included as a component of Selling, general and administrative expenses in the accompanying Condensed Consolidated Statements of Operations. The impairment losses recorded include $2.6 million and $0.1 million related to other long-lived assets, primarily leasehold improvements, for the three months ended September 30, 2024 and 2023, respectively. The impairment losses recorded include $0.2 million and $13.6 million related to right-of-use assets and $2.8 million and $5.4 million related to other long-lived assets, primarily leasehold improvements, for the nine months ended September 30, 2024 and 2023, respectively.

The fair values for the asset groups relating to the impaired long-lived assets were estimated primarily using discounted cash flow models (income approach) with Level 3 inputs. The significant assumptions used in estimating fair values include the expected downtime prior to the commencement of future subleases, projected sublease income over the remaining lease periods and discount rates that reflect the level of risk associated with receiving future cash flows.

27

---

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The purpose of this Management’s Discussion and Analysis (“MD&A”) is to facilitate an understanding of significant factors influencing the quarterly operating results, financial condition and cash flows of Gartner, Inc. Additionally, the MD&A conveys our expectations of the potential impact of known trends, events or uncertainties that may impact future results. You should read this discussion in conjunction with our Condensed Consolidated Financial Statements and related notes included in this Quarterly Report on Form 10-Q and our Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Form 10-K”). Historical results and percentage relationships are not necessarily indicative of operating results for future periods. References to “Gartner,” the “Company,” “we,” “our” and “us” in this MD&A are to Gartner, Inc. and its consolidated subsidiaries.

FORWARD-LOOKING STATEMENTS

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

We operate in a very competitive and rapidly changing environment that involves numerous known and unknown risks and uncertainties, some of which are beyond our control. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future quarterly and annual revenues, operating income, results of operations and cash flows, as well as any forward-looking statement, are subject to change and to inherent risks and uncertainties, such as those disclosed or incorporated by reference in our filings with the Securities and Exchange Commission. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, among others, the following: the impact of general economic conditions, including inflation (and related monetary policy by governments in response to inflation), recession, and national elections in a number of large countries on economic activity and our operations; changes in macroeconomic and market conditions and market volatility, including interest rates and the effect on the credit markets and access to capital; our ability to carry out our strategic initiatives and manage associated costs; the timing of conferences and meetings, in particular our Gartner Symposium/Xpo series that normally occurs during the fourth quarter; our ability to achieve and effectively manage growth, including our ability to integrate our acquisitions and consummate and integrate future acquisitions; our ability to pay our debt obligations; our ability to maintain and expand our products and services; our ability to expand or retain our customer base; our ability to grow or sustain revenue from individual customers; our ability to attract and retain a professional staff of research analysts and consultants as well as experienced sales personnel upon whom we are dependent, especially in light of labor competition; our ability to achieve continued customer renewals and achieve new contract value, backlog and deferred revenue growth in light of competitive pressures; our ability to successfully compete with existing competitors and potential new competitors; our ability to enforce and protect our intellectual property rights; our ability to keep pace with technological developments in artificial intelligence; additional risks associated with international operations, including foreign currency fluctuations; the impact on our business resulting from changes in global geopolitical conditions, including those resulting from the conflict in the Middle East, the war in Ukraine and current and future sanctions imposed by governments or other authorities; the impact of restructuring and other charges on our businesses and operations; cybersecurity incidents; risks associated with the creditworthiness, budget cuts, and shutdown of governments and agencies; our ability to meet ESG commitments; the impact of changes in tax policy (including global minimum tax legislation) and heightened scrutiny from various taxing authorities globally; changes to laws and regulations; and other risks and uncertainties. The potential fluctuations in our operating income could cause period-to-period comparisons of operating results not to be meaningful and could provide an unreliable indication of future operating results. A description of the risk factors associated with our business is included under “Risk Factors” in Item 1A. of the 2023 Form 10-K, which is incorporated herein by reference.

Forward-looking statements are subject to risks, estimates and uncertainties that could cause actual results to differ materially from those discussed in, or implied by, the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those listed above or described under “Risk Factors” in Item 1A of the 2023 Form 10-K. Readers should not place undue reliance on these forward-looking statements, which reflect management’s opinion only as of the date on which they were made. Forward-looking statements in this Quarterly Report on Form 10-Q speak only as of the date hereof, and forward-looking statements in documents attached that are incorporated by reference speak only as of the date of those documents. Except as required by law, we disclaim any obligation to review or update these forward-looking statements to reflect events or circumstances as they occur.

28

---

BUSINESS OVERVIEW

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

We deliver our products and services globally through three business segments – Research, Conferences and Consulting, as described below.

•Research equips executives and their teams from every function and across all industries with actionable, objective insight, 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 our Gartner Symposium/Xpo series, to industry-leading conferences focused on specific business roles and topics, to peer-driven sessions, our offerings enable attendees to experience the best of Gartner insight and guidance.

•Consulting serves senior executives leading technology-driven strategic initiatives leveraging the power of Gartner’s actionable, objective insight. Through custom analysis and on-the-ground support we enable optimized technology investments and stronger performance on our clients’ mission critical priorities.

As of September 30, 2024 we had 20,990 employees globally, an increase of 3.6% from September 30, 2023.

Recent Event

On July 25, 2024 the Company entered into a settlement agreement to resolve litigation concerning the Company's event cancellation insurance for 2020 and 2021. The settlement resolves all remaining 2020 and 2021 event cancellation insurance claims for $300.0 million.

BUSINESS MEASUREMENTS

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

29

---

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

30

---

EXECUTIVE SUMMARY OF OPERATIONS AND FINANCIAL POSITION

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

We had total revenues of $1.5 billion during the third quarter of 2024, an increase of 5% compared to the third quarter of 2023. During the third quarter of 2024, revenues for Research increased by 5%, Conferences revenue increased by 32% and Consulting revenues decreased by 4%, compared to the third quarter of 2023. For a more complete discussion of our results by segment, see Segment Results below.

For the third quarter of 2024 and 2023, we had net income of $415.0 million and $180.0 million, respectively, and diluted income per share of $5.32 and $2.26, respectively. Cash provided by operating activities was $1.1 billion and $0.9 billion during the nine months ended September 30, 2024 and 2023, respectively. As of September 30, 2024, we had $1.8 billion of cash and cash equivalents and approximately $0.7 billion of available borrowing capacity on our revolving credit facility. For a more complete discussion of our cash flows and financial position, see the Liquidity and Capital Resources section below.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

For information regarding our critical accounting policies and estimates, please refer to Part II, Item 7, “Critical Accounting Policies and Estimates” contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023. There have been no material changes to the critical accounting policies previously disclosed in that report.

RECENTLY ISSUED ACCOUNTING STANDARDS

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

31

---

RESULTS OF OPERATIONS

Consolidated Results

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

			Three Months Ended September 30, 2024						Three Months Ended September 30, 2023						Increase (Decrease)						Increase (Decrease) %
Total revenues			$	1,484,306					$	1,408,784					$	75,522					5		%
Costs and expenses:
Cost of services and product development			475,342						450,841						24,501						5
Selling, general and administrative			711,729						660,527						51,202						8
Depreciation			29,082						24,547						4,535						18
Amortization of intangibles			22,170						23,989						(1,819)						(8)
Acquisition and integration charges			159						4,463						(4,304)						(96)
Operating income			245,824						244,417						1,407						1
Interest expense, net			(17,961)						(21,820)						(3,859)						(18)
Gain on event cancellation insurance claims			300,000						—						300,000						nm
Other (expense) income, net			(991)						1,877						(2,868)						(153)
Less: Provision for income taxes			111,823						44,465						67,358						151
Net income			$	415,049					$	180,009					$	235,040					131		%
nm = not meaningful.

    

			Nine Months Ended September 30, 2024						Nine Months Ended September 30, 2023						Increase (Decrease)						Increase (Decrease) %
Total revenues			$	4,552,292					$	4,320,838					$	231,454					5		%
Costs and expenses:
Cost of services and product development			1,448,097						1,373,398						74,699						5
Selling, general and administrative			2,113,633						1,997,785						115,848						6
Depreciation			82,993						72,155						10,838						15
Amortization of intangibles			68,100						69,625						(1,525)						(2)
Acquisition and integration charges			977						7,804						(6,827)						(87)
Gain from sale of divested operation			—						(135,410)						135,410						nm
Operating income			838,492						935,481						(96,989)						(10)
Interest expense, net			(57,170)						(73,769)						(16,599)						(23)
Gain on event cancellation insurance claims			300,000						3,077						296,923						nm
Other income, net			4,404						5,086						(682)						(13)
Less: Provision for income taxes			230,584						196,040						34,544						18
Net income			$	855,142					$	673,835					$	181,307					27		%
nm = not meaningful.

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

32

---

Total revenues for the three months ended September 30, 2024 were $1.5 billion, an increase of $75.5 million, or 5% compared to the same period in 2023 on a reported basis and 6% excluding the foreign currency impact. Total revenues for the nine months ended September 30, 2024 were $4.6 billion, an increase of $0.2 billion, or 5% compared to the same period in 2023 on a reported basis and 6% excluding the foreign currency impact. Refer to the section of this MD&A below entitled “Segment Results” for a discussion of revenues and results by segment.

Cost of services and product development was $475.3 million during the three months ended September 30, 2024, an increase of $24.5 million compared to the same period in 2023, or 5% on both a reported basis and excluding the foreign currency impact. The increase in Cost of services and product development was primarily due to increased compensation costs associated with merit increases. Cost of services and product development as a percent of revenues was 32% for each of the three months ended September 30, 2024 and 2023. Cost of services and product development was $1.4 billion during the nine months ended September 30, 2024, an increase of $74.7 million compared to the same period in 2023, or 5% on a reported basis and 6% excluding the foreign currency impact. The increase was primarily due to the same factor that caused the year-over-year quarterly increase. Cost of services and product development as a percent of revenues was 32% for both the nine months ended September 30, 2024 and 2023.

Selling, general and administrative (“SG&A”) expense was $711.7 million during the three months ended September 30, 2024, an increase of $51.2 million compared to the same period in 2023, or 8% and on both reported basis and excluding the foreign currency impact. The increase in SG&A expense during the three months ended September 30, 2024 was primarily a result of higher personnel expenses due to increased headcount and merit increases. SG&A expense was $2.1 billion during the nine months ended September 30, 2024, an increase of $115.8 million compared to the same period in 2023, or 6% on both reported basis and excluding the foreign currency impact. The increase was primarily due to the same factors that caused the year-over-year quarterly increase. The number of quota-bearing sales associates in Global Technology Sales increased by 1% to 3,666 and in Global Business Sales, increased by 8% to 1,244 compared to September 30, 2023. On a combined basis, the total number of quota-bearing sales associates increased by 3% when compared to September 30, 2023. We expect that quota-bearing headcount will increase in the mid single digits from 2023 levels by the end of 2024. SG&A expense as a percent of revenues was 48% and 47% during the three months ended September 30, 2024 and 2023, respectively. SG&A expense as a percent of revenues was 46% for both the nine months ended September 30, 2024 and 2023.

Depreciation increased by 18% and 15% during the three and nine months ended September 30, 2024, respectively, compared to the same periods in 2023. The increase for the three and nine months ended September 30, 2024 was primarily due to increased software additions during the last twelve months.

Amortization of intangibles decreased by 8% and 2% during the three and nine months ended September 30, 2024, respectively, compared to the same periods in 2023.

Acquisition and integration charges decreased by $4.3 million and $6.8 million during the three and nine months ended September 30, 2024, respectively, compared to the same periods in 2023.

Gain from sale of divested operation was attributable to the sale of the TalentNeuron business in February 2023. We recognized a pre-tax gain of $135.4 million during the nine months ended September 30, 2023.

Operating income was $245.8 million and $244.4 million during the three months ended September 30, 2024 and 2023, respectively. Operating income was $838.5 million and $935.5 million during the nine months ended September 30, 2024 and 2023, respectively. The slight increase in operating income for the three months ended September 30, 2024 as compared to the prior year period was primarily due to increased revenue, partially offset by increases in cost of services and product development and selling, general and administrative expenses. The decrease in operating income for the nine months ended September 30, 2024 as compared to the prior year period was primarily due to the gain from sale of divested operation recognized during the nine months ended September 30, 2023 and increases in cost of services and product development and selling, general and administrative expenses, partially offset by increased revenue.

Interest expense, net decreased by $3.9 million and $16.6 million during the three and nine months ended September 30, 2024, respectively, compared to the same periods in 2023. The decrease for both the three and nine months ended September 30, 2024 was due to increased interest income, primarily as a result of higher cash balances than the prior year.

Gain on event cancellation insurance claims of $300.0 million during the three and nine months ended September 30, 2024 reflected proceeds from a settlement agreement to resolve litigation concerning the Company's event cancellation insurance for 2020 and 2021. The settlement resolved all remaining 2020 and 2021 event cancellation insurance claims. Gain on event

33

---

cancellation insurance claims of $3.1 million during the nine months ended September 30, 2023 reflected proceeds related to 2020 conference cancellation insurance claims.

Other (expense) income, net for the periods presented herein included the net impact of foreign currency gains and losses from our hedging activities. Other (expense) income, net for the three and nine months ended September 30, 2024 also included a loss of $2.9 million and a gain of $2.2 million, respectively, on de-designated interest rate swaps. Other (expense) income, net for the three and nine months ended September 30, 2023 included gains of $2.5 million and $7.7 million, respectively, on de-designated interest rate swaps.

The provision for income taxes was $111.8 million and $44.5 million for the three months ended September 30, 2024 and 2023, respectively and $230.6 million and $196.0 million for the nine months ended September 30, 2024 and 2023, respectively. The effective income tax rate was 21.2% and 19.8% for the three months ended September 30, 2024 and 2023, respectively, and 21.2% and 22.5% for the nine months ended September 30, 2024 and 2023, respectively. The higher effective income tax rate for the three months ended September 30, 2024 compared to the same period in the prior year was primarily due to favorable impact of the expiration of statutes for uncertain tax positions in the three months ended September 30, 2023. The lower effective income tax rate for the nine months ended September 30, 2024 was primarily due to the impact of the sale of the TalentNeuron business on the prior year rate.

Net income for the three months ended September 30, 2024 and 2023 was $415.0 million and $180.0 million, respectively, while net income for the nine months ended September 30, 2024 and 2023 was $855.1 million and $673.8 million, respectively. Our diluted net income per share during the three and nine months ended September 30, 2024 increased by $3.06 and $2.46, respectively. The increase in net income during the three months ended September 30, 2024 was primarily due to the gain on event cancellation insurance claims, as well as an increase in revenue and lower interest expense, net, partially offset by an increase in operating expenses. The increase in net income during the nine months ended September 30, 2024 was primarily due to the gain on event cancellation insurance claims, as well as an increase in revenue and lower interest expense, net, partially offset by the gain from sale of divested operation recognized during the nine months ended September 30, 2023 and increased operating expenses.

SEGMENT RESULTS

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

Reportable Segments

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

34

---

Research

			As Of And For The Three Months Ended September 30, 2024						As Of And For The Three Months Ended September 30, 2023						Increase (Decrease)						Percentage Increase (Decrease)						As Of And For The Nine Months Ended September 30, 2024						As Of And For The Nine Months Ended September 30, 2023						Increase (Decrease)						Percentage Increase (Decrease)
Financial Measurements:
Revenues (1)			$	1,280,908					$	1,218,739					$	62,169					5		%				$	3,815,072					$	3,643,815					$	171,257					5		%
Gross contribution (1)			$	943,426					$	894,149					$	49,277					6		%				$	2,821,116					$	2,678,945					$	142,171					5		%
Gross contribution margin			74		%				73		%				1 point						—						74		%				74		%				0 point						—
Business Measurements:
Contract Value (1), (3)			$	5,042,000					$	4,698,000					$	344,000					7		%
Global Technology Sales (2):
Contract value (1), (3)			$	3,865,000					$	3,643,000					$	222,000					6		%
Client retention			83		%				83		%				0 point						—
Wallet retention			101		%				102		%				(1) point						—
Global Business Sales (2):
Contract value (1), (3)			$	1,177,000					$	1,055,000					$	122,000					12		%
Client retention			87		%				88		%				(1) point						—
Wallet retention			106		%				108		%				(2) points						—

(1)Dollars in thousands.

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

(3)Contract values are on a foreign currency neutral basis. Contract values as of September 30, 2023 have been calculated using the same foreign currency rates as 2024.

Research revenues increased by $62.2 million during the three months ended September 30, 2024 compared to the same period in 2023, or 5% on both a reported basis and excluding the foreign currency impact. For the nine months ended September 30, 2024, research revenue increased by $171.3 million compared to the same period in 2023 or 5% on both a reported basis and excluding the foreign currency impact. The increase in revenues during 2024 was primarily due to Research contract value growth in 2023. The segment gross contribution margin was 74% and 73% for the three months ended September 30, 2024 and 2023, respectively, and 74% for both the nine months ended September 30, 2024 and 2023.

Contract value increased to $5.0 billion at September 30, 2024, or 7% compared to September 30, 2023 excluding the foreign currency impact. The majority of industry sectors grew high single-digit rates or faster. Growth was led by the energy, manufacturing and healthcare sectors. Global Technology Sales (“GTS”) contract value increased by 6% at September 30, 2024 when compared to September 30, 2023. The increase in GTS contract value was primarily due to new business from existing clients. GTS contract value increased by mid single-digit rates or faster for all enterprise sizes except small enterprises and nearly half of industry sectors. Global Business Sales (“GBS”) contract value increased by 12% year-over-year, also primarily driven by new business from existing clients. The majority of our GBS practices achieved double-digit growth rates, with all enterprise sizes and the majority of sectors growing double-digits year-over-year.

GTS client retention was 83% as of both September 30, 2024 and 2023, while wallet retention was 101% and 102%, respectively. GBS client retention was 87% and 88% as of September 30, 2024 and 2023, respectively, while wallet retention was 106% and 108%, respectively. The decrease in GBS wallet retention was largely due to lower levels of spending by existing clients compared to the same period in 2023.

35

---

Conferences

			Three Months Ended September 30, 2024						Three Months Ended September 30, 2023						Increase (Decrease)						Percentage Increase (Decrease)						Nine Months Ended September 30, 2024						Nine Months Ended September 30, 2023						Increase (Decrease)						Percentage Increase (Decrease)
Financial Measurements:
Revenues (1)			$	75,776					$	57,200					$	18,576					32		%				$	331,929					$	290,739					$	41,190					14		%
Gross contribution (1)			$	30,489					$	20,449					$	10,040					49		%				$	161,856					$	145,687					$	16,169					11		%
Gross contribution margin			40		%				36		%				4 points						—						49		%				50		%				(1) point						—
Business Measurements:
Number of destination conferences (2)			10						9						1						11		%				38						36						2						6		%
Number of destination conferences attendees (2)			12,208						9,808						2,400						24		%				52,434						45,453						6,981						15		%

(1)Dollars in thousands.

(2)Single day, local meetings are excluded.

Conferences revenues increased by $18.6 million during the three months ended September 30, 2024 compared to the same period in 2023, or 32% on a reported basis and 30% excluding the foreign currency impact. Conferences revenues increased by $41.2 million during the nine months ended September 30, 2024 compared to the same period in 2023, or 14% on both a reported basis and excluding the foreign currency impact. The increase in revenue for the three and nine months ended September 30, 2024 was primarily due to increased exhibitor revenue and an increase in attendees compared to the same periods in 2023. We held 10 and 9 in-person destination conferences during the three months ended September 30, 2024 and 2023, respectively. We held 38 and 36 in-person destination conferences during the nine months ended September 30, 2024 and 2023, respectively. Gross contribution increased to $30.5 million during the three months ended September 30, 2024 compared to $20.4 million in the same period last year. Gross contribution increased to $161.9 million during the nine months ended September 30, 2024 compared to $145.7 million in the same period last year. The increase in gross contribution during the three and nine months ended September 30, 2024 was primarily the result of the increase in revenue, partially offset by an increase in conference-related expenses and increased headcount.

36

---

Consulting

			As Of And For The Three Months Ended September 30, 2024						As Of And For The Three Months Ended September 30, 2023						Increase (Decrease)						Percentage Increase (Decrease)						As Of And For The Nine Months Ended September 30, 2024						As Of And For The Nine Months Ended September 30, 2023						Increase (Decrease)						Percentage Increase (Decrease)
Financial Measurements:
Revenues (1)			$	127,622					$	132,845					$	(5,223)					(4)		%				$	405,291					$	386,284					$	19,007					5		%
Gross contribution (1)			$	41,517					$	48,551					$	(7,034)					(14)		%				$	149,523					$	146,680					$	2,843					2		%
Gross contribution margin			33		%				37		%				(4) points						—						37		%				38		%				(1) point						—
Business Measurements:
Backlog (1), (2)			$	218,300					$	180,900					$	37,400					21		%
Billable headcount			960						946						14						1		%
Consultant utilization			65		%				64		%				1 point						—						66		%				65		%				1 point						—

(1)Dollars in thousands.

(2)Backlog is on a foreign currency neutral basis. Backlog as of September 30, 2023 has been calculated using the same foreign currency rates as 2024.

Consulting revenues decreased by 4% during the three months ended September 30, 2024 compared to the same period in 2023 on both a reported basis and excluding the foreign currency impact, with an increase in labor-based consulting revenue of 2% and a decrease in contract optimization revenue of 20%, each on a reported basis. Contract optimization revenue may vary significantly and, as such, revenues for the third quarter of 2024 may not be indicative of results for the remainder of 2024 or beyond. The segment gross contribution margin was 33% and 37% for the three months ended September 30, 2024 and 2023, respectively. The decrease in gross contribution margin for the three months ended September 30, 2024 was primarily due to the decrease in revenue.

For the nine months ended September 30, 2024, Consulting revenues increased 5% compared to the same period in 2023 on a reported basis and 6% excluding the foreign currency impact, with an increase in labor-based consulting revenue of 5% and an increase in contract optimization revenue of 4%, each on a reported basis. The segment gross contribution margin was 37% and 38% for the nine months ended September 30, 2024 and 2023, respectively.

Backlog increased by $37.4 million, or 21%, from September 30, 2023 to September 30, 2024, excluding the foreign currency impact.

37

---

LIQUIDITY AND CAPITAL RESOURCES

We finance our operations through cash generated from our operating activities and, to a lesser extent, borrowings. Note 8 — Debt in the Notes to Condensed Consolidated Financial Statements provides additional information regarding the Company’s outstanding debt obligations. At September 30, 2024, we had $1.8 billion of cash and cash equivalents and approximately $707.0 million of available borrowing capacity on the revolving credit facility under our 2024 Credit Agreement. We believe that the Company has adequate liquidity to meet its currently anticipated needs for both the next twelve months and the foreseeable future.

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

During the fourth quarter of 2024, the Company entered into an amended lease agreement to significantly reduce the square footage and reduce future lease payments at one of its leased locations. The Company will make two equal installment payments of $24.0 million during the fourth quarter of 2024 and the second quarter of 2025 in consideration for the lease amendment.

Our cash and cash equivalents are held in numerous locations throughout the world with 48% held outside the U.S. at September 30, 2024. We intend to reinvest substantially all of our accumulated undistributed foreign earnings, except in instances where repatriation would result in minimal additional tax.

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

			Nine Months Ended September 30, 2024						Nine Months Ended September 30, 2023						Increase (Decrease)
Cash provided by operating activities			$	1,149,567					$	931,407					$	218,160
Cash (used in) provided by investing activities			(79,796)						77,112						(156,908)
Cash used in financing activities			(615,557)						(434,024)						(181,533)
Net increase in cash and cash equivalents and restricted cash			454,214						574,495						(120,281)
Effects of exchange rates on cash and cash equivalents			(5,521)						(23,139)						17,618
Beginning cash and cash equivalents and restricted cash			1,319,599						698,599						621,000
Ending cash and cash equivalents and restricted cash			$	1,768,292					$	1,249,955					$	518,337

Operating

Cash provided by operating activities was $1.1 billion and $931.4 million during the nine months ended September 30, 2024 and 2023, respectively. The year-over-year increase was primarily due to the $300.0 million of insurance proceeds received during 2024 as well as increased operating income, excluding the 2023 gain from sale of divested operation, partially offset by the timing of collections.

Investing

Cash (used in) provided by investing activities was $(79.8) million and $77.1 million during the nine months ended September 30, 2024 and 2023, respectively. The decrease from 2023 to 2024 was the result of the proceeds received from the sale of the TalentNeuron business in February 2023.

Financing

Cash used in financing activities was $615.6 million and $434.0 million during the nine months ended September 30, 2024 and 2023, respectively. We used $633.4 million and $447.7 million of cash for share repurchases during the nine months ended

38

---

September 30, 2024 and 2023, respectively. In March 2024, the Company borrowed $274.4 million under the 2024 Credit Agreement. The initial borrowing was used to repay the outstanding amounts under the 2020 Credit Agreement.

Debt

On March 26, 2024, we entered into a Credit Agreement (the “2024 Credit Agreement”) among us, as borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “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.

On March 26, 2024, the Company borrowed $274.4 million under the 2024 Credit Agreement. The initial borrowing was used to repay the outstanding amounts under the 2020 Credit Agreement. Additional amounts borrowed under the 2024 Credit Agreement will be used for working capital needs and general corporate purposes of the Company and its subsidiaries, including the funding of acquisitions and investments, payment of capital expenditures and the repurchase of shares.

As of September 30, 2024, the Company had $2.5 billion of principal amount of debt outstanding. Note 8 — Debt in the Notes to Condensed Consolidated Financial Statements provides additional information regarding the Company’s outstanding debt obligations. From time to time, the Company may seek to retire or repurchase its outstanding debt through various methods including open market repurchases, negotiated block transactions, or otherwise, all or some of which may be effected through Rule 10b5-1 plans. Such transactions, if any, depend on prevailing market conditions, our liquidity and capital requirements, contractual restrictions, and other factors, and may involve material amounts.

OFF BALANCE SHEET ARRANGEMENTS

From January 1, 2024 through September 30, 2024, the Company has not entered into any material off-balance sheet arrangements or transactions with unconsolidated entities or other persons.

39

---

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

INTEREST RATE RISK

As of September 30, 2024, the Company had $2.5 billion in total debt principal outstanding. Note 8 — Debt in the Notes to Condensed Consolidated Financial Statements provides additional information regarding the Company’s outstanding debt obligations.

Approximately $274.4 million of the Company’s total debt outstanding as of September 30, 2024 was based on a floating base rate of interest, which potentially exposes the Company to increases in interest rates. However, we reduce our overall exposure to interest rate increases through our interest rate swap contract, which effectively converts the floating base interest rates on all of our variable rate borrowings to fixed rates.

FOREIGN CURRENCY RISK

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

Translation risk arises as our foreign currency assets and liabilities are translated into U.S. dollars because the functional currencies of our foreign operations are generally denominated in the local currency. Adjustments resulting from the translation of these assets and liabilities are deferred and recorded as a component of stockholders’ equity. A measure of the potential impact of foreign currency translation can be determined through a sensitivity analysis of our cash and cash equivalents. At September 30, 2024, we had $1.8 billion of cash and cash equivalents, with a substantial portion denominated in foreign currencies. If the exchange rates of the foreign currencies we hold all changed in comparison to the U.S. dollar by 10%, the amount of cash and cash equivalents we would have reported on September 30, 2024 could have increased or decreased by approximately $79.0 million. The translation of our foreign currency revenues and expenses historically has not had a material impact on our consolidated earnings because movements in and among the major currencies in which we operate tend to impact our revenues and expenses fairly equally. However, our earnings could be impacted during periods of significant exchange rate volatility, or when some or all of the major currencies in which we operate move in the same direction against the U.S. dollar.

Transaction risk arises when we enter into a transaction that is denominated in a currency that may differ from the local functional currency. As these transactions are translated into the local functional currency, a gain or loss may result, which is recorded in current period earnings. We typically enter into foreign currency forward exchange contracts to mitigate the effects of some of this foreign currency transaction risk. Our outstanding foreign currency forward exchange contracts as of September 30, 2024 had an immaterial net unrealized loss.

 

CREDIT RISK

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

40

---

ITEM 4. CONTROLS AND PROCEDURES

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

Management conducted an evaluation, as of September 30, 2024, of the effectiveness of the design and operation of our disclosure controls and procedures, as such term is defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act, under the supervision and with the participation of our chief executive officer and chief financial officer. Based upon that evaluation, our chief executive officer and chief financial officer have concluded that, as of September 30, 2024, the Company’s disclosure controls and procedures were effective.

There have been no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during the quarter ended September 30, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

41

---

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

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

ITEM 1A. RISK FACTORS

There were no material changes to the risk factors disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023.

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

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

Issuer Purchases of Equity Securities

In May 2015, the Company’s Board of Directors (the “Board”) authorized a share repurchase program to repurchase up to $1.2 billion of the Company’s common stock. The Board authorized incremental share repurchases of up to an aggregate additional $3.5 billion of the Company’s common stock during 2021, 2022, and 2023. The Board also authorized incremental shares repurchases of up to an additional $600.0 million in July 2024. The Company may repurchase its common stock from time-to-time in amounts, at prices and in the manner that the Company deems appropriate, subject to the availability of stock, prevailing market conditions, the trading price of the stock, the Company’s financial performance and other conditions. Repurchases may be made through open market purchases (which may include repurchase plans designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended), accelerated share repurchases, private transactions or other transactions and will be funded by cash on hand and borrowings. Repurchases may also be made from time-to-time in connection with the settlement of the Company’s stock-based compensation awards. The table below summarizes the repurchases of our common stock during the three months ended September 30, 2024.

Period						Total Number of Shares Purchased (#)						Average Price Paid Per Share ($)						Total Number of Shares Purchased Under Announced Programs (#)						Maximum Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (in thousands)
July 1, 2024 to July 31, 2024						134,327						$	466.50					85,723						$	1,049,480
August 1, 2024 to August 31, 2024						797						487.61						—						1,049,480
September 1, 2024 to September 30, 2024						1,195						509.31						—						$	1,049,480
Total for the quarter (1)						136,319						$	466.99					85,723

(1)The repurchased shares during the three months ended September 30, 2024 included 50,596 shares purchased for the settlement of stock-based compensation awards and 85,723 shares purchased in the open market. All amounts presented are exclusive of the excise tax accrual.

ITEM 5. OTHER INFORMATION

Insider Trading Arrangements

No director or Section 16 officer adopted or terminated a trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or a non-Rule 10b5–1 trading arrangement during the three months ended September 30, 2024.

Amendment and Restatement of By-Laws

On October 31, 2024, the Board of Directors of the Company approved and adopted amended and restated by-laws of the Company to reflect the amendments summarized below (as so amended and restated, the “Amended and Restated By-laws”), effective immediately.

42

---

Among other things, the amendments affected by the Amended and Restated By-laws update certain procedural and other requirements in Article II, Section 13, related to director nominations by stockholders in light of Rule 14a-19 under the Securities Exchange Act of 1934, as amended (“Rule 14a-19”) adopted by the SEC by requiring (i) compliance with Rule 14a-19, including directly incorporating the 67% solicitation requirement; (ii) director candidates to consent to being named in any proxy statement; (iii) documentation confirming the stockholder’s compliance with the Rule 14a-19 requirements; and (iv) reserving a white proxy card for the exclusive use of the Company. In addition, the amendments affected by the Amended and Restated By-laws (i) update certain other disclosure requirements related to director nominations and/or other business proposals by stockholders included in Article II, Section 13, by (1) clarifying the definition of “control person” and which Schedule 13D disclosure requirements should be addressed in stockholder notice; (2) limiting the scope of the director & officer questionnaires and other informational requirements; (3) requiring all written and signed representations and agreements of director nominees and completed director & officer questionnaires to be submitted at the same time as the stockholder notice of nomination; (ii) define and clarify the role of the chair of the meeting included in Article II, Sections 11 and 13; and (iii) remove reference to the director resignation policy as the policy is addressed elsewhere.

Additionally, the amendments affected by the Amended and Restated By-laws: (i) update certain provisions in Article II, Sections 5, 7 and 12, consistent with recent amendments to the Delaware General Corporation Law by (1) clarifying the adjournment procedures for virtual meetings of stockholders; (2) deleting the requirement to make available stockholder lists at stockholder meetings, and (3) clarifying that a person can execute a stockholder written consent prior to becoming a stockholder so long as the person is a stockholder as of the applicable record date; and (ii) make certain changes to the provisions relating to appointing of officers to provide additional flexibility. The Amended and Restated By-laws also incorporate technical and conforming revisions and clarifications.

The foregoing description of the Amended and Restated By-laws is qualified in its entirety by reference to the Amended and Restated By-laws which are filed as Exhibit 3.2 to this Quarterly Report on Form 10-Q and incorporated herein by reference.

43

---

ITEM 6. EXHIBITS

EXHIBIT NUMBER						DESCRIPTION OF DOCUMENT
3.1(1)						Restated Certificate of Incorporation of the Company.
3.2*						By-laws of Gartner, Inc. (as amended and restated through October 31, 2024).
10.1(2)						Second Amendment to Employment Agreement between Eugene A. Hall and the Corporation effective as of July 1, 2024.
31.1*						Certification of chief executive officer under Rule 13a — 14(a)/15d — 14(a).
31.2*						Certification of chief financial officer under Rule 13a — 14(a)/15d — 14(a).
32*						Certification under 18 U.S.C. 1350.
101.INS*						Inline XBRL Instance Document.
101.SCH*						Inline XBRL Taxonomy Extension Schema Document.
101.CAL*						Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF*						Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB*						Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE*						Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104*						Cover Page Interactive Data File, formatted in Inline XBRL (included as Exhibit 101).

*     Filed with this report.

(1)    Incorporated by reference from the Company’s Current Report on Form 8-K filed on July 6, 2005.

(2)    Incorporated by reference from the Company’s Quarterly Report on Form 10-Q filed on July 30, 2024.

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

SIGNATURE

 

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

						Gartner, Inc.
Date:			November 5, 2024			/s/ Craig W. Safian
						Craig W. Safian
						Executive Vice President and Chief Financial Officer
						(Principal Financial and Accounting Officer)

44