Q3 25 EPS
$2.76
BEAT +13.73%
Est. $2.43
Q3 25 Revenue
$1.52B
BEAT +0.23%
Est. $1.52B
vs S&P Since Q3 25
-55.1%
TRAILING MARKET
IT -44.5% vs S&P +10.6%
Market Reaction
Did IT Beat Earnings? Q3 2025 Results
Gartner delivered a stronger-than-expected third quarter, with adjusted earnings per share of $2.76 beating the $2.43 consensus estimate by 13.73%, even as a $150 million goodwill impairment charge tied to its struggling Digital Markets unit weighed … Read more Gartner delivered a stronger-than-expected third quarter, with adjusted earnings per share of $2.76 beating the $2.43 consensus estimate by 13.73%, even as a $150 million goodwill impairment charge tied to its struggling Digital Markets unit weighed heavily on GAAP results, dragging GAAP diluted EPS down to $0.47 from $5.32 a year ago. Revenue of $1.52 billion grew 2.7% year-over-year, edging just above consensus by 0.23%, though the modest headline figure masks a growing divergence across the business; Global Business Sales contract value expanded 7.1% on an FX-neutral basis, while Federal-related headwinds kept overall total contract value growth to 3.0% FX-neutral, with ex-Federal CV growth running at a notably healthier 6%. Some analysts have flagged rising AI competition and contract cancellations as structural concerns for Gartner's traditional advisory model. Looking ahead, management raised its full-year adjusted EBITDA and margin guidance and expressed confidence that contract value growth will accelerate into 2026, offering investors a forward-looking anchor against the quarter's more complicated GAAP picture.
Key Takeaways
- • Contract value growth of 3.0% FX neutral, reaching $5.0 billion
- • Global Business Sales CV growth of 7.1% FX neutral outpaced Global Technology Sales CV growth of 1.7%
- • Adjusted EPS grew 10.4% year-over-year to $2.76
- • Insights segment revenue grew 5.1% year-over-year
- • CV growth of 6% excluding U.S. Federal business
IT YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
IT Revenue by Segment
With YoY comparisons, source: SEC Filings
“Third quarter financial results were ahead of expectations. Contract value grew 3%, or 6% excluding the US Federal business. We increased our Adjusted EBITDA and margin guidance for the year and continue to expect CV to accelerate in 2026. Seeing extraordinary value and a unique opportunity, we repurchased more than $1 billion of stock, a Gartner record for a single quarter.”
— Gene Hall, Q3 2025 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% |