Gartner (IT) financial statements
Gartner reported revenue of $6.5B in fiscal 2025, up 11.5% a year over 9 years.
Net income was $729M and the operating margin 15.8%, against 12.5% in 2016.
Free cash flow was $1.2B, and the company returned $2.0B in net buybacks.
The diluted share count fell 10% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Gartner's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.4B | $3.3B | $4.0B | $4.2B | $4.1B | $4.7B | $5.5B | $5.9B | $6.3B | $6.5B |
| Cost of revenue | $946M | $1.3B | $1.5B | $1.6B | $1.3B | $1.4B | $1.7B | $1.9B | $2.0B | $2.1B |
| Gross profit | $1.5B | $2.0B | $2.5B | $2.7B | $2.8B | $3.3B | $3.8B | $4.0B | $4.3B | $4.5B |
| Selling, general and admin | $1.1B | $1.6B | $1.9B | $2.1B | $2.0B | $2.2B | $2.5B | $2.7B | $2.9B | $3.1B |
| Operating income | $305M | -$6M | $260M | $370M | $490M | $916M | $1.1B | $1.2B | $1.2B | $1.0B |
| Interest expense | $28M | $128M | $127M | $103M | $116M | $119M | $126M | $133M | $131M | $125M |
| Pre-tax income | $288M | -$128M | $181M | $276M | $326M | $970M | $1.0B | $1.1B | $1.4B | $968M |
| Income tax | $95M | -$131M | $59M | $42M | $59M | $176M | $219M | $265M | $134M | $239M |
| Net income | $194M | $3M | $122M | $233M | $267M | $794M | $808M | $882M | $1.3B | $729M |
| EPS (diluted) | $2.31 | $0.04 | $1.33 | $2.56 | $2.96 | $9.21 | $9.96 | $11.08 | $16.00 | $9.65 |
| Diluted shares | 84M | 90M | 92M | 91M | 90M | 86M | 81M | 80M | 78M | 76M |
| Gross margin | 61.3% | 60.1% | 63.1% | 63.5% | 67.2% | 69.5% | 69.7% | 68.3% | 68.3% | 68.8% |
| Operating margin | 12.5% | -0.2% | 6.5% | 8.7% | 12.0% | 19.3% | 20.1% | 20.9% | 18.4% | 15.8% |
| Net margin | 7.9% | 0.1% | 3.1% | 5.5% | 6.5% | 16.8% | 14.8% | 14.9% | 20.0% | 11.2% |
Balance sheet
Fiscal years, from Gartner's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $474M | $539M | $156M | $281M | $713M | $756M | $698M | $1.3B | $1.9B | $1.7B |
| Receivables | $643M | $1.2B | $1.3B | $1.3B | $1.2B | $1.4B | $1.6B | $1.6B | $1.7B | $1.7B |
| Total current assets | $1.3B | $2.6B | $1.8B | $2.0B | $2.3B | $2.6B | $2.8B | $3.4B | $4.2B | $4.1B |
| Property, plant and equipment | $122M | $222M | $268M | $345M | $337M | $274M | $265M | $263M | $243M | $214M |
| Goodwill | $738M | $3.0B | $2.9B | $2.9B | $2.9B | $3.0B | $2.9B | $2.9B | $2.9B | $2.7B |
| Total assets | $2.4B | $7.3B | $6.2B | $7.2B | $7.3B | $7.4B | $7.3B | $7.8B | $8.5B | $8.1B |
| Total current liabilities | $1.5B | $2.8B | $2.6B | $2.9B | $2.9B | $3.4B | $3.6B | $3.8B | $4.0B | $4.1B |
| Long-term debt | $664M | $2.9B | $2.1B | $2.0B | $2.0B | $2.5B | $2.5B | $2.4B | $2.5B | $3.0B |
| Total liabilities | $2.3B | $6.3B | $5.4B | $6.2B | $6.2B | $7.0B | $7.1B | $7.2B | $7.2B | $7.8B |
| Shareholders' equity | $61M | $983M | $851M | $939M | $1.1B | $371M | $228M | $681M | $1.4B | $320M |
| Net debt | $220M | $2.7B | $2.1B | $1.9B | $1.3B | $1.7B | $1.8B | $1.1B | $527M | $1.3B |
Cash flow
Fiscal years, from Gartner's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $366M | $255M | $471M | $565M | $903M | $1.3B | $1.1B | $1.2B | $1.5B | $1.3B |
| Capital spending | $50M | $111M | $127M | $149M | $84M | $60M | $108M | $103M | $102M | $115M |
| Free cash flow | $316M | $144M | $344M | $416M | $819M | $1.3B | $993M | $1.1B | $1.4B | $1.2B |
| Stock-based compensation | $47M | $79M | $66M | $69M | $63M | $99M | $91M | $130M | $155M | $156M |
| Share buybacks (net) | -$59M | -$41M | -$261M | -$199M | -$176M | -$1.7B | -$1.0B | -$606M | -$735M | -$2.0B |
| Net borrowing | -$120M | $2.6B | -$571M | -$98M | -$58M | $492M | -$6M | -$8M | -$274M | $800M |
| Free cash flow margin | 12.9% | 4.3% | 8.7% | 9.8% | 20.0% | 26.5% | 18.1% | 17.8% | 22.1% | 18.1% |
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Open IT in InvestinglyQuestions
What was Gartner's revenue in 2025?
$6.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Gartner generate?
$1.2B in fiscal 2025 (operating cash flow minus capital spending).
From Gartner's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.