Q4 24 EPS
$5.45
BEAT +67.22%
Est. $3.26
Q4 24 Revenue
$1.72B
BEAT +1.46%
Est. $1.69B
vs S&P Since Q4 24
-100.7%
TRAILING MARKET
IT -76.6% vs S&P +24.1%
Full Year 2024 Results
FY 24 EPS
$14.09
FY 24 Revenue
$6.30B
Market Reaction
Did IT Beat Earnings? Q4 2024 Results
Gartner delivered a blowout fourth quarter, with adjusted EPS of $5.45 beating the $3.26 consensus estimate by 67.22%, powered in large part by an unusual $96.90 million tax benefit that drove GAAP net income up 91% year-over-year. Revenue of $1.72 b… Read more Gartner delivered a blowout fourth quarter, with adjusted EPS of $5.45 beating the $3.26 consensus estimate by 67.22%, powered in large part by an unusual $96.90 million tax benefit that drove GAAP net income up 91% year-over-year. Revenue of $1.72 billion grew 8.1% from a year ago and edged past the $1.69 billion consensus by 1.46%, with all three business segments contributing: Research revenues of $1.31 billion rose 5%, Conferences surged 17% to $251.00 million, and Consulting jumped 19% to $153.00 million. Contract value reached $5.30 billion, growing 8% on an FX-neutral basis, with the higher-growth Global Business Sales segment accelerating to 12% FX-neutral expansion. Free cash flow climbed 59% to $311.00 million, underscoring the company's capital generation strength. CEO Gene Hall pointed to accelerating contract value growth and pledged continued investment in hiring as Gartner pursues a path toward long-term, sustained double-digit growth in 2025 and beyond.
Key Takeaways
- • Contract value growth accelerated to 8% FX neutral, reaching $5.3 billion
- • Global Business Sales contract value grew 12% FX neutral to $1.2 billion
- • Global Technology Sales contract value grew 7% FX neutral to $4.0 billion
- • Conferences revenue grew 17% driven by strong event performance
- • Consulting revenue grew 19% year-over-year
- • Tax benefit of $97 million in Q4 2024 vs. $69 million provision in Q4 2023
IT YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
IT Revenue by Segment
With YoY comparisons, source: SEC Filings
“Fourth quarter financial results were ahead of expectations. Contract value growth accelerated. Gartner delivered another strong year, providing exceptional value for our clients and shareholders, driving high single digit growth in contract value and generating almost $1.4 billion of free cash flow. In 2025, we will continue to accelerate hiring, keeping us on a path to long-term, sustained, double-digit growth.”
— Gene Hall, Q4 2024 Earnings Press Release
IT Earnings Trends
IT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
IT EPS Trend
Earnings per share: estimate vs actual
IT Revenue Trend
Quarterly revenue: estimate vs actual
IT Quarterly Results
7 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $2.92 | $3.32 | +13.64% | $1.51B | -0.28% |
| Q4 25 BEAT FY | $3.51 | $3.94 | +12.21% | $1.75B | +0.21% |
| FY Full Year | — | $13.17 | — | $6.50B | — |
| Q3 25 BEAT | $2.43 | $2.76 | +13.73% | $1.52B | +0.23% |
| Q2 25 BEAT | $3.31 | $3.53 | +6.80% | $1.69B | +0.74% |
| Q1 25 BEAT | $2.72 | $2.98 | +9.71% | $1.53B | -0.05% |
| Q4 24 BEAT FY | $3.26 | $5.45 | +67.22% | $1.72B | +1.46% |
| FY Full Year | — | $14.09 | — | $6.30B | — |
| Q3 24 BEAT | $2.38 | $2.50 | +5.04% | $1.48B | +0.62% |