Companies /Technology

Gartner Inc

NYSE: IT Information Technology Services
$196.60
â–² $3.64 (+1.89%) today
Markets closed · 10:11pm ET

Q3 2025 Earnings

Reported Nov 4, 2025, 6:02am ET · SEC source
$2.76
Beat +13.73%
EPS · est. $2.43
$1.5B
Beat +0.23%
Revenue · est. $1.5B
−0.4%
Trailing market
IT vs S&P since report
7 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−12%−8%−4%0Nov 4Nov 5report 6:02am ETearnings+0.6%−7.4%
−12%−8%−4%0Nov 4Nov 5earnings+0.6%−7.4%
IT −7.4%S&P 500 +0.6%
−12%−8%−4%0Nov 4Nov 5report 6:02am ETearnings+0.2%−7.4%
−12%−8%−4%0Nov 4Nov 5earnings+0.2%−7.4%
IT −7.4%NASDAQ +0.2%
−12%−8%−4%0Nov 3Nov 11report 6:02am ETearnings+1.0%−9.9%
−12%−8%−4%0Nov 3Nov 11earnings+1.0%−9.9%
IT −9.9%S&P 500 +1.0%
−10%−5%0Nov 3Nov 11report 6:02am ETearnings−0.3%−9.9%
−10%−5%0Nov 3Nov 11earnings−0.3%−9.9%
IT −9.9%NASDAQ −0.3%
−7.62%
Day of report
+4.38%
Next session
+1.92%
One week
+1.14%
30 days

S&P 500 over the same 30 days: +1.55%.

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 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

“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.”

Gartner CEO, on the earnings call

Forward Guidance & Outlook

Gartner updated its financial outlook for full year 2025, increasing Adjusted EBITDA and margin guidance. Management expects contract value to accelerate in 2026. Excluding U.S. Federal business, contract value growth was 6%, indicating underlying momentum in commercial and non-Federal segments.

IT YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$500.0M$1.0B$1.5B$1.5B$1.5BRevenue$245.8M$86.4MOperating Income$415.0M$35.4MNet Income
$0$500.0M$1.0B$1.5BRevenueOperating IncomeNet Income

IT Revenue by Segment

Insights$1.3B+5.1%
Conferences$74.6M−1.6%
Consulting$123.6M−3.2%

Figures from SEC filings and company reports. Not investment advice.