Gartner reported fourth quarter results that exceeded expectations, driven by solid performance in its Conferences segment and a slight acceleration in FX-neutral growth for Global Business Sales Contract Value. Despite a year-over-year decline in GAAP net income and diluted EPS, the company demonstrated resilience with growth in adjusted EBITDA and free cash flow, supported by ongoing share repurchases and strategic initiatives like the divestiture of the Digital Markets business.
Fourth quarter financial results were ahead of expectations.
positiveAdjusted EBITDA increased 5% as reported and 1% FX neutral to $436 million.
positiveGlobal Business Sales Contract Value grew 3% YoY FX Neutral.
positiveBoard of Directors increased the share repurchase authorization by $500 million.
positiveRepurchased $2.0 billion of Gartner stock in 2025, resulting in an 8% reduction in outstanding share count YoY.
positiveGAAP Net income decreased 39% to $242 million compared to $399 million in the prior year.
negativeDiluted EPS decreased 34% to $3.36 compared to $5.11 in the prior year.
negativeOperating cash flow decreased 12% to $295 million compared to $335 million in the prior year.
negativeFree cash flow decreased 13% to $271 million compared to $311 million in the prior year.
negativeRevenues were unchanged FX neutral at $1.8 billion, with the Consulting segment revenues down 13% YoY and Other segment revenues down 22% YoY.
attentionGoodwill and other asset impairments of $150 million related to Digital Markets in Q3 2025.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total | CC |
|---|---|---|---|---|---|
Insights | N/A | — | — | — | +1.0% |
Conferences | N/A | — | — | — | +11.0% |
Consulting | N/A | — | — | — | -15.0% |
Other | N/A | — | — | — | -22.0% |
| Total Revenue | $0.00M | — | — | 100.0% | — |
Segment performance shows business unit health and growth drivers. Constant currency (CC) removes FX impact for like-for-like comparison.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Fourth quarter financial results were ahead of expectations.
We repurchased $2 billion of Gartner stock in 2025.
Over the past few months, we increased our leverage through the successful completion of our first investment-grade bond issuance, we entered into a definitive agreement to divest the Digital Markets business, and the Board appointed two new directors who bring unique and valuable skills.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.