Gartner (IT) Q4 2025 earnings summary

Executive summary

• Q4 2025 revenue reached $1.8B, up 2% year-over-year as reported, with adjusted EBITDA of $436M (up 5%) and adjusted EPS of $3.94, though net income fell 39% year-over-year.

• Full-year 2025 revenue was $6.5B, up 4% as reported, with net income of $729M, down 42% year-over-year.

• Over $2B in share repurchases were completed in 2025, reducing share count by 8%; board authorization was refreshed to $1.2B, with an additional $500M added in January 2026.

• Major transformation of Business and Technology Insights (BTI) began, focusing on impact, volume, timeliness, and user experience to drive higher client engagement and retention.

• Divestiture of the Digital Markets business and board enhancements were executed to sharpen focus on core operations and shareholder value.

Financial highlights

• Q4 revenue was $1.8B, up 2% year-over-year; full-year revenue reached $6.5B, up 4% as reported.

• Q4 EBITDA was $436M (up 5% as reported); full-year EBITDA was $1.6B, with margins at 24.8%.

• Adjusted EPS for Q4 was $3.94; full-year adjusted EPS was $13.17, down 7% year-over-year.

• Free cash flow for Q4 was $271M; full-year free cash flow was $1.2B, representing 161% of GAAP net income.

• Global Contract Value (CV) reached $5.2B, up 0.8% year-over-year.

Outlook and guidance

• 2026 consolidated revenue guidance is $6.45B+ (FX neutral growth of 2%), with EBITDA of $1.515B+ and margins of 23.5%+.

• Insights revenue expected at $5.19B+ (1% FX neutral growth); conferences at $695M+ (7% FX neutral growth); consulting at $570M+ (3% FX neutral growth).

• 2026 adjusted EPS guidance is $12.30+; free cash flow expected at $1.135B+.

• Contract value (CV) growth is expected to accelerate through 2026 and into 2027, driven by transformation initiatives and easing federal headwinds.