GARTNER INC 10-Q

ITEM 1. FINANCIAL STATEMENTS GARTNER, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (Unaudited; in thousands, except share data) March 31, December 31, 2026 2025 Assets Current assets: Cash and cash equivalents $ 1,666,946 $ 1,722,521 Fees receivable, net of allowances of $ 5,000 for both periods 1,411,496 1,684,522 Deferred commissions 379,221 400,728 Prepaid expenses and other current assets 190,334 152,205 Assets held-for-sale — 106,361 Total current assets 3,647,997 4,066,337 Property, equipment and leasehold improvements, net 204,839 214,183 Operating lease right-of-use assets 222,350 213,997 Goodwill 2,740,264 2,740,802 Intangible assets, net 315,754 336,303 Other assets 524,069 513,778 Total Assets $ 7,655,273 $ 8,085,400 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable and accrued liabilities $ 862,464 $ 1,236,533 Deferred revenues 3,018,870 2,810,056 Current portion of long-term debt 5,000 5,000 Liabilities held-for-sale — 20,503 Total current liabilities 3,886,334 4,072,092 Long-term debt, net of deferred financing fees 2,977,971 2,976,674 Operating lease liabilities 275,635 270,200 Other liabilities 451,949 446,526 Total Liabilities 7,591,889 7,765,492 Stockholders’ Equity Preferred stock, $ 0.01 par value, 5,000,000 shares authorized; none issued or outstanding — — Common stock, $ 0.0005 par value, 250,000,000 shares authorized; 163,602,067 shares issued for both periods 82 82 Additional paid-in capital 2,729,386 2,679,101 Accumulated other comprehensive loss, net ( 45,055 ) ( 41,015 ) Accumulated earnings 6,944,582 6,722,238 Treasury stock, at cost, 95,724,933 and 92,752,769 common shares, respectively ( 9,565,611 ) ( 9,040,498 ) Total Stockholders’ Equity 63,384 319,908 Total Liabilities and Stockholders’ Equity $ 7,655,273 $ 8,085,400 See the accompanying notes to Condensed Consolidated Financial Statements. 3 GARTNER, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Operations (Unaudited; in thousands, except per share data) Three Months Ended March 31, 2026 2025 Revenues: Insights $ 1,294,195 $ 1,255,569 Conferences 78,325 72,597 Consulting 119,129 139,706 Other 19,392 66,258 Total revenues 1,511,041 1,534,130 Costs and expenses: Cost of services and product development 429,307 475,030 Selling, general and administrative 726,349 730,308 Depreciation 25,365 28,866 Amortization of intangibles 20,066 21,894 Gain from sale of divested operation ( 6,138 ) — Total costs and expenses 1,194,949 1,256,098 Operating income 316,092 278,032 Interest expense, net ( 21,048 ) ( 13,413 ) Other (expense) income, net ( 2,632 ) 2,389 Income before income taxes 292,412 267,008 Provision for income taxes 70,068 56,069 Net income $ 222,344 $ 210,939 Net income per share: Basic $ 3.19 $ 2.73 Diluted $ 3.18 $ 2.71 Weighted average shares outstanding: Basic 69,796 77,357 Diluted 69,965 77,790 See the accompanying notes to Condensed Consolidated Financial Statements. 4 GARTNER, INC . AND SUBSIDIARIES Condensed Consolidated Statements of Comprehensive Income (Unaudited; in thousands) Three Months Ended March 31, 2026 2025 Net income $ 222,344 $ 210,939 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments ( 3,853 ) 17,046 Interest rate swaps – net change in deferred gain or loss — 3,390 Pension plans – net change in deferred actuarial loss ( 187 ) 48 Other comprehensive income (loss), net of tax ( 4,040 ) 20,484 Comprehensive income $ 218,304 $ 231,423 See the accompanying notes to Condensed Consolidated Financial Statements. 5 GARTNER, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Changes in Stockholders’ Equity (Unaudited; in thousands) Three Months Ended March 31, 2026 Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Loss, Net Accumulated Earnings Treasury Stock Total Balance at December 31, 2025 $ 82 $ 2,679,101 $ ( 41,015 ) $ 6,722,238 $ ( 9,040,498 ) $ 319,908 Net income — — — 222,344 — 222,344 Other comprehensive loss — — ( 4,040 ) — — ( 4,040 ) Issuances under stock plans — 4,415 — — 4,274 8,689 Common share repurchases (including excise tax) — — — — ( 529,387 ) ( 529,387 ) Stock-based compensation expense — 45,870 — — — 45,870 Balance at March 31, 2026 $ 82 $ 2,729,386 $ ( 45,055 ) $ 6,944,582 $ ( 9,565,611 ) $ 63,384 Three Months Ended March 31, 2025 Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Loss, Net Accumulated Earnings Treasury Stock Total Balance at December 31, 2024 $ 82 $ 2,497,130 $ ( 88,333 ) $ 5,993,007 $ ( 7,042,717 ) $ 1,359,169 Net income — — — 210,939 — 210,939 Other comprehensive income — — 20,484 — — 20,484 Issuances under stock plans — 5,872 — — 3,894 9,766 Common share repurchases (including excise tax) — — — — ( 152,672 ) ( 152,672 ) Stock-based compensation expense — 50,168 — — — 50,168 Balance at March 31, 2025 $ 82 $ 2,553,170 $ ( 67,849 ) $ 6,203,946 $ ( 7,191,495 ) $ 1,497,854 See the accompanying notes to Condensed Consolidated Financial Statements. 6 GARTNER, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (Unaudited; in thousands) Three Months Ended March 31, 2026 2025 Operating activities: Net income $ 222,344 $ 210,939 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization 45,431 50,760 Stock-based compensation expense 45,870 50,168 Deferred taxes 1,991 ( 29,710 ) Gain from sale of divested operation ( 6,138 ) — Reduction in the carrying amount of operating lease right-of-use assets 14,894 17,736 Amortization and write-off of deferred financing fees 1,298 1,034 Gain on de-designated swaps — ( 165 ) Changes in assets and liabilities, net of acquisitions and divestitures: Fees receivable, net 270,936 211,612 Deferred commissions 21,265 41,131 Prepaid expenses and other current assets ( 38,527 ) ( 5,338 ) Other assets ( 7,930 ) ( 15,568 ) Deferred revenues 213,649 131,001 Accounts payable and accrued and other liabilities ( 394,044 ) ( 350,088 ) Cash provided by operating activities 391,039 313,512 Investing activities: Additions to property, equipment and leasehold improvements ( 20,423 ) ( 25,569 ) Proceeds from sale of divested operation, net of cash transferred 104,798 — Cash provided by (used in) investing activities 84,375 ( 25,569 ) Financing activities: Proceeds from employee stock purchase plan 8,661 9,736 Payments of deferred financing fees ( 1,508 ) — Purchases of treasury stock ( 534,637 ) ( 162,672 ) Cash used in financing activities ( 527,484 ) ( 152,936 ) Net (decrease) increase in cash and cash equivalents ( 52,070 ) 135,007 Effects of exchange rates on cash and cash equivalents ( 3,505 ) 22,894 Cash and cash equivalents, beginning of period 1,722,521 1,933,147 Cash and cash equivalents, end of period $ 1,666,946 $ 2,091,048 See the accompanying notes to Condensed Consolidated Financial Statements. 7 GARTNER, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Note 1 — Business and Basis of Presentation Business. Gartner, Inc. (NYSE: IT) delivers actionable, objective business and technology insights that drive smarter decisions and stronger performance on an organization’s mission-critical priorities. Segments . Gartner delivers its products and services globally through three reportable segments: Business and Technology Insights (or “Insights”), Conferences and Consulting. Revenues and other financial information for the Company’s segments are discussed in Note 7 — Segment Information. Basis of presentation . The accompanying interim Condensed Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), as defined in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 270 for interim financial information and with the applicable instructions of U.S. Securities and Exchange Commission (“SEC”) Rule 10-01 of Regulation S-X on Form 10-Q, and should be read in conjunction with the consolidated financial statements and related notes of the Company in its Annual Report on Form 10-K for the year ended December 31, 2025. The fiscal year of Gartner is the twelve-month period from January 1 through December 31. In the opinion of management, all normal recurring accruals and adjustments considered necessary for a fair presentation of financial position, results of operations and cash flows at the dates and for the periods presented herein have been included. The results of operations for the three months ended March 31, 2026 may not be indicative of the results of operations for the remainder of 2026 or beyond. When used in these notes, the terms “Gartner,” the “Company,” “we,” “us,” or “our” refer to Gartner, Inc. and its consolidated subsidiaries. Principles of consolidation . The accompanying interim Condensed Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated. Use of estimates . The preparation of the accompanying interim Condensed Consolidated Financial Statements requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the valuation of fees receivable, goodwill, intangible assets, deferred tax assets and other long-lived assets, as well as tax accruals and other liabilities. In addition, estimates are used in revenue recognition, income tax expense or benefit, performance-based compensation charges, depreciation and amortization. Management believes its use of estimates in the accompanying Consolidated Financial Statements to be reasonable. Management continually evaluates and revises its estimates using historical experience and other factors, including the general economic environment and actions it may take in the future. Management adjusts these estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time. As a result, differences between estimates and actual results could be material and would be reflected in the Company’s consolidated financial statements in future periods. Revenue recognition. Revenue is recognized in accordance with the requirements of FASB ASC Topic 606, Revenue from Contracts with Customers (“ASC Topic 606”). Revenue is only recognized when all of the required criteria for revenue recognition have been met. The accompanying Condensed Consolidated Statements of Operations present revenue net of any sales or value-added taxes that we collect from customers and remit to government authorities. ASC Topic 270 requires certain disclosures in interim financial statements around the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Note 4 — Revenue and Related Matters provides additional information regarding the Company’s revenues. Adoption of new accounting standard . The Company adopted the accounting standard described below during 2026. 8 Credit Losses — In July 2025, the FASB issued ASU 2025-05 , Financial Instruments – Credit Losses (Topic 326) (“ASU 2025-05”). The amendments in this ASU introduce a practical expedient for all entities related to applying Subtopic 326-20 to current accounts receivable and current contract assets arising from transactions accounted for under Topic 606. In developing reasonable and supportable forecasts as part of estimating expected credit losses, all entities may elect a practical expedient that assumes that current conditions as of the balance sheet date do not change for the remaining life of the asset. The amendments are expected to provide decision-useful information to investors and other financial statement users while reducing the time and effort necessary to analyze and estimate credit losses for current accounts receivable and current contract assets. The amendments were effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption was permitted in both interim and annual reporting periods in which financial statements have not yet been issued or made available for issuance. The Company adopted ASU 2025-05 effective in 2026 and the adoption had no impacts to the Company's results of operations, cash flows, or financial condition. Accounting standards issued but not yet adopted. The FASB has issued accounting standards that have not yet become effective as of March 31, 2026 and may impact the Company’s Consolidated Financial Statements or related disclosures in future periods. The standards and their potential impacts are discussed below. Income Statement — In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income- Expense Disaggregation Disclosures (“ASU No. 2024-03”). The amendments in this ASU are expected to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses (including employee compensation, depreciation and amortization) in commonly presented expense captions (such as cost of sales, SG&A and research and development). ASU 2024-03 will require a quantitative disclosure of the components of each income statement line item (e.g., cost of services and product development and selling, general and administrative expenses). It will also require entities to disclose the total amount of selling expenses, and, on an annual basis, an entity’s definition of selling expenses. The amendments are effective for annual reporting periods with fiscal years beginning after December 15, 2026, and interim reporting periods in fiscal years beginning after December 15, 2027. The Company expects this ASU to only impact its disclosures with no impacts to the Company's results of operations, cash flows, or financial condition. Internal-use Software — In September 2025, the FASB issued ASU 2025-06, Intangibles-Goodwill and Other-Internal Use Software (Subtopic 350-40) . The amendments in this ASU remove all references to project stages, and requires entities to start capitalizing software costs when (1) management has authorized and committed to funding the software project and (2) it is probable that the project will be completed and the software will be used to perform the function intended. The amendments are effective for annual reporting periods with fiscal years beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. The Company expects this ASU will not have a material impact to the Company's results of operations, cash flows, or financial condition. Note 2 — Divestiture In February 2026, the Company completed the sale of its Digital Markets business, for approximately $ 104.8 million net of cash transferred, subject to post-close adjustments. The Company recorded a pre-tax gain of $ 6.1 million on the sale, which is included in Gain from sale of divested operation in the Consolidated Statement of Operations during the three months ended March 31, 2026. The Digital Markets business was included in the Company’s Other segment. Note 3 — Goodwill and Intangible Assets Goodwill Goodwill represents the excess of the purchase price of acquired businesses over the estimated fair values of the tangible and identifiable intangible net assets acquired. Evaluations of the recoverability of goodwill are performed in accordance with FASB ASC Topic 350, which requires an annual assessment of potential goodwill impairment at the reporting unit level and whenever events or changes in circumstances indicate that the carrying value of goodwill may not be recoverable. When performing the annual assessment of the recoverability of goodwill, the Company initially performs a qualitative analysis evaluating whether any events or circumstances occurred or exist that provide evidence that it is more likely than not that the fair value of any of the Company’s reporting units is less than the related carrying amount. If the Company does not believe that it is more likely than not that the fair value of any of the Company’s reporting units is less than the related carrying amount, then no quantitative impairment test is performed. However, if the results of the qualitative assessment indicate that it is more likely than not that the fair value of a reporting unit is less than its respective carrying amount, then a quantitative impairment 9 test is performed. Evaluating the recoverability of goodwill requires judgments and assumptions regarding future trends and events. As a result, both the precision and reliability of the estimates are subject to uncertainty. The Company’s most recent annual impairment test of goodwill was a quantitative analysis conducted during the quarter ended September 30, 2025 that indicated an impairment of the Company’s Digital Markets reporting unit. During the three months ended September 30, 2025, ongoing weakness in the market as well as changes in the Company’s internal organization structure prompted a revision to the long-term earnings forecast for the Digital Markets business. During the three months ended September 30, 2025, a goodwill impairment loss of $ 150.0 million was recognized in the Digital Markets reporting unit. Subsequent to completing the 2025 annual impairment test, there were no events or changes in circumstances noted that required an interim impairment test. The table below presents changes to the carrying amount of goodwill by segment during the three months ended March 31, 2026 (in thousands). Insights Conferences Consulting Total Balance at December 31, 2025 $ 2,460,315 $ 184,052 $ 96,435 $ 2,740,802 Foreign currency translation impact ( 447 ) ( 10 ) ( 81 ) ( 538 ) Balance at March 31, 2026 $ 2,459,868 $ 184,042 $ 96,354 $ 2,740,264 Finite-Lived Intangible Assets The tables below present reconciliations of the carrying amounts of the Company’s finite-lived intangible assets as of the dates indicated (in thousands). March 31, 2026 Customer Relationships Other Total Gross cost at December 31, 2025 $ 1,021,757 $ 10,200 $ 1,031,957 Foreign currency translation impact ( 1,623 ) — ( 1,623 ) Gross cost 1,020,134 10,200 1,030,334 Accumulated amortization (1) ( 706,106 ) ( 8,474 ) ( 714,580 ) Balance at March 31, 2026 $ 314,028 $ 1,726 $ 315,754 December 31, 2025 Customer Relationships Other Total Gross cost $ 1,021,757 $ 10,200 $ 1,031,957 Accumulated amortization (1) ( 687,416 ) ( 8,238 ) ( 695,654 ) Balance at December 31, 2025 $ 334,341 $ 1,962 $ 336,303 (1) Finite-lived intangible assets are amortized using the straight-line method over the following periods: Customer relationships— 6 to 13 years and Other— 11 years. Amortization expense related to finite-lived intangible assets was $ 20.1 million and $ 21.9 million during the three months ended March 31, 2026 and 2025, respectively. The estimated future amortization expense by year for finite-lived intangible assets is presented in the table below (in thousands). 2026 (remaining nine months) $ 60,052 2027 79,460 2028 77,989 2029 77,910 2030 20,343 $ 315,754 10 Note 4 — Revenue and Related Matters Disaggregated Revenue — The Company’s disaggregated revenue by reportable segment is presented in the tables below for the periods indicated (in thousands). By Primary Geographic Market (1) Three Months Ended March 31, 2026 Primary Geographic Market Insights Conferences Consulting Other Total United States and Canada $ 771,368 $ 57,300 $ 81,084 $ 14,553 $ 924,305 Europe, Middle East and Africa 357,156 11,327 28,290 3,358 400,131 Other International 165,671 9,698 9,755 1,481 186,605 Total revenues $ 1,294,195 $ 78,325 $ 119,129 $ 19,392 $ 1,511,041 Three Months Ended March 31, 2025 Primary Geographic Market Insights Conferences Consulting Other Total United States and Canada $ 791,833 $ 55,584 $ 90,964 $ 55,448 $ 993,829 Europe, Middle East and Africa 313,507 9,142 32,303 8,193 363,145 Other International 150,229 7,871 16,439 2,617 177,156 Total revenues $ 1,255,569 $ 72,597 $ 139,706 $ 66,258 $ 1,534,130 (1) Revenue is reported based on where the sale is fulfilled. The Company’s revenue is generated primarily through direct sales to clients by domestic and international sales forces and a network of independent international sales agents. By Timing of Revenue Recognition Three Months Ended March 31, 2026 Timing of Revenue Recognition Insights Conferences Consulting Other Total Transferred over time (1) $ 1,292,253 $ — $ 90,159 $ 74 $ 1,382,486 Transferred at a point in time (2) 1,942 78,325 28,970 19,318 128,555 Total revenues $ 1,294,195 $ 78,325 $ 119,129 $ 19,392 $ 1,511,041 Three Months Ended March 31, 2025 Timing of Revenue Recognition Insights Conferences Consulting Other Total Transferred over time (1) $ 1,252,188 $ — $ 104,152 $ 400 $ 1,356,740 Transferred at a point in time (2) 3,381 72,597 35,554 65,858 177,390 Total revenues $ 1,255,569 $ 72,597 $ 139,706 $ 66,258 $ 1,534,130 (1) Insights revenues in this category are recognized in connection with performance obligations that are satisfied over time using a time-elapsed output method to measure progress. Consulting revenues in this category are recognized over time using costs incurred to date relative to total estimated costs at completion. (2) The revenues in this category are recognized in connection with performance obligations that are satisfied at the point in time that the contractual deliverables are provided to the customer. 11 Performance Obligations — For customer contracts that are greater than one year in duration, the aggregate amount of the transaction price allocated to performance obligations that were unsatisfied (or partially unsatisfied) as of March 31, 2026 was approximately $ 6.6 billion. The Company expects to recognize $ 3.2 billion, $ 2.6 billion and $ 0.8 billion of this revenue (most of which pertains to Insights) during the remainder of 2026, the year ending December 31, 2027 and thereafter, respectively. The Company applies a practical expedient that is permitted under ASC Topic 606 and, accordingly, it does not disclose such performance obligation information for customer contracts that have original durations of one year or less. The Company’s performance obligations for contracts meeting this ASC Topic 606 disclosure exclusion primarily include: (i) stand-ready services under Insights subscription contracts; (ii) holding conferences and meetings where attendees and exhibitors can participate; and (iii) providing customized Consulting solutions for clients under fixed fee and time and materials engagements. The remaining duration of these performance obligations is generally less than one year, which aligns with the period that the parties have enforceable rights and obligations under the affected contracts. Customer Contract Assets and Liabilities — The timing of the recognition of revenue and the amount and timing of the Company’s billings and cash collections, including upfront customer payments, result in the recognition of both assets and liabilities on the Company’s Condensed Consolidated Balance Sheets. The table below provides information regarding certain of the Company’s balance sheet accounts that pertain to its contracts with customers (in thousands). March 31, December 31, 2026 2025 Assets: Fees receivable, gross (1) $ 1,416,496 $ 1,689,522 Contract assets recorded in Prepaid expenses and other current assets (2) $ 45,748 $ 40,534 Contract liabilities: Deferred revenues (current liability) (3) $ 3,018,870 $ 2,810,056 Non-current deferred revenues recorded in Other liabilities (3) 31,846 31,569 Total contract liabilities $ 3,050,716 $ 2,841,625 (1) Fees receivable represent an unconditional right to payment from the Company’s customers and include both billed and unbilled amounts. (2) Contract assets represent recognized revenue for which the Company does not have an unconditional right to payment as of the balance sheet date because the project may be subject to a progress billing milestone or some other billing restrictions. (3) Deferred revenues represent amounts (i) for which the Company has received an upfront customer payment or (ii) that pertain to recognized fees receivable. Both situations occur before the completion of the Company’s performance obligation(s). The Company recognized revenue of $ 1.1 billion and $ 1.0 billion during the three months ended March 31, 2026 and 2025, respectively, that was attributable to deferred revenues that were recorded at the beginning of each such period. Those amounts primarily consisted of Insights revenues that were recognized ratably as control of the goods or services passed to the customer during the reporting periods. During each of the three months ended March 31, 2026 and 2025, the Company did not record any material impairments related to its contract assets. Note 5 — Computation of Earnings Per Share Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of shares of Common Stock outstanding during the period. Diluted EPS reflects the potential dilution of securities that could share in earnings. Potential shares of common stock are excluded from the computation of diluted earnings per share when their effect would be anti-dilutive. The table below sets forth the calculation of basic and diluted income per share for the periods indicated (in thousands, except per share data). 12 Three Months Ended March 31, 2026 2025 Numerator: Net income used for calculating basic and diluted income per share $ 222,344 $ 210,939 Denominator: Weighted average common shares used in the calculation of basic income per share 69,796 77,357 Dilutive effect of outstanding awards associated with stock-based compensation plans (1) 169 433 Shares used in the calculation of diluted income per share 69,965 77,790 Basic income per share $ 3.19 $ 2.73 Diluted income per share $ 3.18 $ 2.71 (1) Certain outstanding awards associated with stock-based compensation plans were not included in the computation of diluted income per share because the effect would have been anti-dilutive. These anti-dilutive outstanding awards associated with stock-based compensation plans was 0.8 million and 0.2 million for the three months ended March 31, 2026 and March 31, 2025, respectively. Note 6 — Stock-Based Compensation The Company grants stock-based compensation awards as an incentive for employees and directors to contribute to the Company’s long-term success. The Company currently awards stock-settled stock appreciation rights, service-based and performance-based restricted stock units, and common stock equivalents. As of March 31, 2026, the Company had 3.9 million shares of its common stock, par value $ 0.0005 per share, (the “Common Stock”) available for stock-based compensation awards under the Gartner, Inc. Long-Term Incentive Plan as amended and restated in June 2023 (the “Plan”). The tables below summarize the Company’s stock-based compensation expense by award type and expense category line item during the periods indicated (in millions). Three Months Ended March 31, Award type 2026 2025 Stock appreciation rights $ 3.1 $ 3.4 Restricted stock units 42.5 46.6 Common stock equivalents 0.3 0.2 Total (1) $ 45.9 $ 50.2 Three Months Ended March 31, Expense category line item 2026 2025 Cost of services and product development $ 16.8 $ 20.6 Selling, general and administrative 29.1 29.6 Total (1) $ 45.9 $ 50.2 (1) Includes costs of $ 23.5 million and $ 28.0 million during the three months ended March 31, 2026 and 2025, respectively, for awards to retirement-eligible employees. Those awards are expensed on an accelerated basis. Note 7 — Segment Information The Company’s products and services are delivered through three reportable segments – Business and Technology Insights, or “Insights”, Conferences and Consulting, as described below. 13 • Insights equips executives and their teams from every function and across all industries with actionable, objective business and technology insights, guidance and tools. Our experienced experts deliver all this value informed by an unmatched combination of practitioner-sourced and data-driven research to help our clients address their mission critical priorities. • Conferences provides executives and teams across an organization the opportunity to learn, share and network. From industry-leading conferences to peer-driven communities – each focused on the mission-critical priorities of specific business roles – our offerings enable attendees to experience the best of Gartner insights and guidance. • Consulting serves senior executives leading technology-driven strategic initiatives leveraging the power of Gartner’s actionable, objective insights. Through custom analysis and on-the-ground support we enable optimized technology investments and stronger performance on our clients’ mission critical priorities. The Company's Chief Executive Officer is its chief operating decision maker (CODM). The CODM evaluates segment performance and allocates resources based on gross contribution. Gross contribution, as presented in the tables below, is defined as operating income or loss excluding certain Cost of services and product development expenses, Selling, general and administrative expenses, Depreciation, Amortization of intangibles and Gain from sale of divested operation. Certain bonus and fringe benefit costs included in consolidated Cost of services and product development are not allocated to segment expense. The CODM uses gross contribution to allocate resources (including financial resources and employees) for each segment primarily in the Company's annual budgeting process. The CODM then monitors budgeted versus actual results regularly to assess segment operating performance, identify business trends, and modify resource allocations as needed. The accounting policies used by the reportable segments are the same as those used by the Company. There are no intersegment revenues. The Company does not identify or allocate assets, including capital expenditures, by reportable segment. Accordingly, assets are not reported by segment because the information is not available by segment and is not reviewed in the evaluation of segment performance or in making decisions regarding the allocation of resources. The tables below present information about the Company’s reportable segments for the periods indicated (in thousands). Three Months Ended March 31, 2026 Insights Conferences Consulting Other (1) Consolidated Revenues $ 1,294,195 $ 78,325 $ 119,129 $ 19,392 $ 1,511,041 Less: Personnel expenses 271,957 18,031 75,617 2,210 367,815 Product and content delivery expenses 3,630 26,756 2,939 9,475 42,800 Other expenses (2) 7,091 3,130 3,768 130 14,119 Gross contribution 1,011,517 30,408 36,805 7,577 1,086,307 Cost of services and product development - unallocated (3) 4,573 Selling, general and administrative 726,349 Depreciation and amortization 45,431 Gain from sale of divested operation ( 6,138 ) Interest expenses and other, net 23,680 Income before income taxes $ 292,412 14 Three Months Ended March 31, 2025 Insights Conferences Consulting Other (1) Consolidated Revenues $ 1,255,569 $ 72,597 $ 139,706 $ 66,258 $ 1,534,130 Less: Personnel expenses 278,990 17,746 79,092 10,371 386,199 Product and content delivery expenses 4,396 24,172 3,263 36,781 68,612 Other expenses (2) 6,236 3,297 3,959 530 14,022 Gross contribution 965,947 27,382 53,392 18,576 1,065,297 Cost of services and product development - unallocated (3) 6,197 Selling, general and administrative 730,308 Depreciation and amortization 50,760 Interest expenses and other, net 11,024 Income before income taxes $ 267,008 (1) Other includes the Company's Digital Markets operating segment, which was divested during the three months ended March 31, 2026. See Note 2 — Divestiture for additional information. (2) Other expenses consists primarily of travel and entertainment and workplace expenses. (3) The unallocated amounts consist of certain bonus and fringe costs recorded in consolidated Cost of services and product development that are not allocated to segment expense. The Company’s policy is to allocate bonuses to segments at 100 % of a segment employee’s target bonus. Amounts above or below 100 % are absorbed by corporate. Note 8 — Debt The Company’s total outstanding borrowings are summarized in the table below (in thousands). March 31, December 31, Description 2026 2025 2024 Credit Agreement - Revolving credit facility (1) $ — $ — 4.50 % Senior Notes due 2028 (“2028 Notes”) 800,000 800,000 3.63 % Senior Notes due 2029 (“2029 Notes”) 600,000 600,000 3.75 % Senior Notes due 2030 (“2030 Notes”) 800,000 800,000 4.95 % Senior Notes due 2031 (“2031 Notes”) 350,000 350,000 5.60 % Senior Notes due 2035 (“2035 Notes”) 450,000 450,000 Other (2) 5,000 5,000 Principal amount outstanding (3) 3,005,000 3,005,000 Less: Deferred financing fees and unamortized discounts (4) ( 22,029 ) ( 23,326 ) Net balance sheet carrying amount $ 2,982,971 $ 2,981,674 (1) The Company had approximately $ 1.0 billion of available borrowing capacity on the 2024 Credit Agreement revolver (not including the expansion feature) as of March 31, 2026. (2) Consists of a State of Connecticut economic development loan originated in 2019 with a 10 -year maturity and bears interest at a fixed rate of 1.75 %. The Company repaid the loan in April 2026. (3) The weighted average annual effective rate on the Company’s outstanding debt for the three months ended March 31, 2026, was 4.34 %. (4) Deferred financing fees and unamortized discounts are being amortized to Interest expense, net over the term of the related debt obligation. 2024 Credit Agreement 15 On March 26, 2024, the Company entered into a Credit Agreement (the “2024 Credit Agreement”) among the Company, as borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”). The 2024 Credit Agreement provides for a $ 1.0 billion senior unsecured five-year revolving facility. The facility may be increased, at the Company’s option and under certain conditions, by up to an additional $ 750 million in the aggregate. The facility may be used for revolving loans, and up to $ 75.0 million may be used for letters of credit. The revolving loans may be borrowed, repaid and re-borrowed until March 26, 2029, at which time all amounts borrowed must be repaid, subject to customary extension mechanics. The 2024 Credit Agreement contains certain customary restrictive loan covenants, including, among others, a financial covenant requiring a maximum leverage ratio and covenants limiting the Company’s ability to grant liens, make acquisitions, be acquired and the ability of the Company’s subsidiaries to incur indebtedness. The Company was in compliance with all financial covenants as of March 31, 2026. Interest under the revolving facility accrues, at a variable rate, based on, at our option, (i) the Secured Overnight Funding Rate (“SOFR”) plus a credit spread adjustment of 0.10 % or (ii) an alternate base rate (“Base Rate”) plus, in each case, an applicable margin, and is payable monthly. The applicable margin ranges between 1.125 % and 1.75 %, depending on the lower rate determined by either the Company’s leverage ratio or the credit rating of the Company’s senior unsecured debt. At March 31, 2026, the applicable all-in margin on the revolving facility was 1.48 % (including the credit spread adjustment). The contractual annualized interest rate as of March 31, 2026 on the 2024 Credit Agreement was 5.23 %, which consisted of Term Secured Overnight Financing Rate (“SOFR”) of 3.75 % plus a margin of 1.48 %. The commitment fee payable on the unused portion of the facility is equal to between 0.125 % and 0.25 % based on utilization of the facility. The Company has also agreed to pay customary letter of credit fees. 2031 and 2035 Notes On November 20, 2025, the Company completed the public offering and issuance of $ 350.0 million aggregate principal amount of its 4.950 % Senior Notes due 2031 and $ 450.0 million aggregate principal amount of its 5.600 % Senior Notes due 2035 (together, the “Notes”). The 2031 Notes were issued at an issue price of 99.970 % and the 2035 Notes were issued at an issue price of 99.992 %. The Notes were offered and sold pursuant to Gartner’s automatic shelf registration statement on Form S-3 (File No. 333-291447) and the prospectus included therein, filed with the Securities and Exchange Commission on November 12, 2025, and supplemented by the prospectus supplement dated November 13, 2025. The Company received approximately $ 799.9 million in net proceeds, after discounts and before underwriting fees and offering expenses, from the sale of the Notes. The Company used a portion of the net proceeds from the offering of the notes to repay the $ 274.4 million then outstanding under the 2024 Credit Agreement and to pay related fees and expenses, with remaining amounts to be used for general corporate purposes, which may include, without limitation, potential repurchases of its common stock. 2029 Notes On June 18, 2021, the Company issued $ 600.0 million aggregate principal amount of 3.625 % Senior Notes due 2029. The 2029 Notes were issued at an issue price of 100.0 % and bear interest at a rate of 3.625 % per annum. Interest on the 2029 Notes is payable on June 15 and December 15 of each year, beginning on December 15, 2021. The 2029 Notes will mature on June 15, 2029. The Company may redeem some or all of the 2029 Notes at any time on or after June 15, 2024 for cash at the redemption prices set forth in the 2029 Notes Indenture, plus accrued and unpaid interest to, but excluding, the redemption date. 2030 Notes On September 28, 2020, the Company issued $ 800.0 million aggregate principal amount of 3.75 % Senior Notes due 2030. The 2030 Notes were issued at an issue price of 100.0 % and bear interest at a rate of 3.75 % per annum. Interest on the 2030 Notes is payable on April 1 and October 1 of each year, beginning on April 1, 2021. The 2030 Notes will mature on October 1, 2030. The Company may redeem some or all of the 2030 Notes at any time on or after October 1, 2025 for cash at the redemption prices set forth in the 2030 Note Indenture, plus accrued and unpaid interest to, but excluding, the redemption date. Prior to October 1, 2025, the Company may redeem up to 40 % of the aggregate principal amount of the 2030 Notes in connection with certain equity offerings, or some or all of the 2030 Notes with a “make-whole” premium, in each case subject to the terms set forth in the 2030 Note Indenture. 2028 Notes 16 On June 22, 2020, the Company issued $ 800.0 million aggregate principal amount of 4.50 % Senior Notes due 2028. The 2028 Notes were issued at an issue price of 100.0 % and bear interest at a rate of 4.50 % per annum. Interest on the 2028 Notes is payable on January 1 and July 1 of each year, beginning on January 1, 2021. The 2028 Notes will mature on July 1, 2028. The Company may redeem some or all of the 2028 Notes at any time on or after July 1, 2023 for cash at the redemption prices set forth in the 2028 Note Indenture, plus accrued and unpaid interest to, but excluding, the redemption date. Note 9 — Equity Share Repurchase Authorization In 2015, the Company’s Board of Directors (the “Board”) authorized a share repurchase program to repurchase up to $ 1.2 billion of the Company’s common stock. The Board authorized incremental share repurchases of up to an aggregate additional $ 6.3 billion of the Company’s common stock from February 2021 to January 2026. As of March 31, 2026, $ 0.7 billion remained available under the share repurchase program. The Company may repurchase its common stock from time-to-time in amounts, at prices and in the manner that the Company deems appropriate, subject to the availability of stock, prevailing market conditions, the trading price of the stock, the Company’s financial performance and other conditions. Repurchases may be made through open market purchases (which may include repurchase plans designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended), accelerated share repurchases, private transactions or other transactions and will be funded by cash on hand and borrowings. Repurchases may also be made from time-to-time in connection with the settlement of the Company’s stock-based compensation awards. The Company’s share repurchase activity is presented in the table below for the periods indicated. Three Months Ended March 31, 2026 2025 Number of shares repurchased (1) 3,310,253 300,745 Cash paid for repurchased shares (in thousands) (2) $ 534,637 $ 162,672 (1) The average purchase price for repurchased shares was $ 158.49 and $ 507.65 for the three months ended March 31, 2026 and 2025, respectively. The repurchased shares during the three months ended March 31, 2026 and 2025 included purchases for both open market purchases and stock-based compensation award settlements. (2) The cash paid for repurchased shares during the three months ended March 31, 2026 excluded excise tax accrued and included $ 10.0 million of open market purchases with trade dates in December 2025 that settled in January 2026. The cash paid for repurchased shares during the three months ended March 31, 2025 included $ 10.0 million of open market purchases with trade dates in December 2024 that settled in January 2025. Accumulated Other Comprehensive Loss, net (“AOCL”) The tables below provide information about the changes in AOCL by component and the related amounts reclassified out of AOCL to income during the periods indicated (net of tax, in thousands) (1). Three Months Ended March 31, 2026 Defined Benefit Pension Plans Foreign Currency Translation Adjustments Total Balance – December 31, 2025 $ ( 5,944 ) $ ( 35,071 ) $ ( 41,015 ) Other comprehensive income (loss) activity during the period: Change in AOCL before reclassifications to income ( 397 ) ( 3,853 ) ( 4,250 ) Reclassifications from AOCL to income (2) 210 — 210 Other comprehensive income (loss), net ( 187 ) ( 3,853 ) ( 4,040 ) Balance – March 31, 2026 $ ( 6,131 ) $ ( 38,924 ) $ ( 45,055 ) 17 Three Months Ended March 31, 2025 Interest Rate Swaps Defined Benefit Pension Plans Foreign Currency Translation Adjustments Total Balance – December 31, 2024 $ ( 9,800 ) $ ( 5,214 ) $ ( 73,319 ) $ ( 88,333 ) Other comprehensive income (loss) activity during the period: Change in AOCL before reclassifications to income — — 17,046 17,046 Reclassifications from AOCL to income (2), (3) 3,390 48 — 3,438 Other comprehensive income (loss), net 3,390 48 17,046 20,484 Balance – March 31, 2025 $ ( 6,410 ) $ ( 5,166 ) $ ( 56,273 ) $ ( 67,849 ) (1) Amounts in parentheses represent debits (deferred losses). (2) The reclassifications related to defined benefit pension plans were recorded in Other (expense) income, net. (3) $ 4.5 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the three months ended March 31, 2025. The swap contract matured in September 2025. Note 10 — Income Taxes The provision for income taxes was $ 70.1 million and $ 56.1 million for the three months ended March 31, 2026 and 2025, respectively. The effective income tax rate was 24.0 % and 21.0 % for the three months ended March 31, 2026, and 2025, respectively. The increase in the effective income tax rate in the current period was primarily due to the unfavorable impact of stock-based compensation, partially offset by the favorable release of reserves upon the resolution of the related inquiries. The Company had gross unrecognized tax benefits of $ 292.6 million on March 31, 2026 and $ 301.6 million on December 31, 2025. Recent legislative developments in the U.S. and internationally have introduced significant changes to tax frameworks, including modifications impacting business provisions, international taxation, and global minimum tax requirements. These changes have various effective dates, with some provisions already in effect and others to be implemented over the coming years. While these evolving legislative measures have not had a material impact on the Company’s consolidated financial results in the current period, the Company is actively monitoring and assessing their potential effects. The Company will continue to evaluate and reflect the impact of these legislative changes in its future financial statements as appropriate. Note 11 — Derivatives and Hedging The Company enters into a limited number of derivative contracts to mitigate the cash flow risk associated with changes in interest rates on variable-rate debt and changes in foreign exchange rates on forecasted foreign currency transactions. The Company accounts for its outstanding derivative contracts in accordance with FASB ASC Topic 815, which requires all derivatives, including derivatives designated as accounting hedges, to be recorded on the balance sheet at fair value. The tables below provide information regarding the Company’s outstanding derivative contracts as of the dates indicated (in thousands, except for number of contracts). March 31, 2026 Derivative Contract Type Number of Contracts Notional Amounts Fair Value Asset (Liability), Net (2) Balance Sheet Line Item Foreign currency forwards (1) 28 $ 110,353 $ 1 Other current assets/accrued liabilities 18 December 31, 2025 Derivative Contract Type Number of Contracts Notional Amounts Fair Value Asset (Liability), Net (2) Balance Sheet Line Item Foreign currency forwards (1) 104 $ 427,482 $ 230 Other current assets/accrued liabilities (1) The Company has foreign exchange transaction risk because it typically enters into transactions in the normal course of business that are denominated in foreign currencies that differ from the local functional currency. The Company enters into short-term foreign currency forward exchange contracts to mitigate the cash flow risk associated with changes in foreign currency rates on forecasted foreign currency transactions. These contracts are accounted for at fair value with realized and unrealized gains and losses recognized in Other (expense) income, net because the Company does not designate these contracts as hedges for accounting purposes. All of the outstanding foreign currency forward exchange contracts at March 31, 2026 matured before April 28, 2026. (2) See Note 12 — Fair Value Disclosures for the determination of the fair values of these instruments. At March 31, 2026, all of the Company’s derivative counterparties were investment grade financial institutions. The Company did not have any collateral arrangements with its derivative counterparties and none of the derivative contracts contained credit-risk related contingent features. The table below provides information regarding amounts recognized in the accompanying Condensed Consolidated Statements of Operations for derivative contracts for the periods indicated (in thousands). Three Months Ended March 31, Amount recorded in: 2026 2025 Interest expense, net (1) $ — $ 4,464 Other expense (income), net (2) 1,218 ( 596 ) Total expense, net $ 1,218 $ 3,868 (1) Consists of interest expense from interest rate swap contracts. (2) Consists of net realized and unrealized gains and losses on foreign currency forward contracts and in 2025 also included a gain on a de-designated interest rate swap. Note 12 — Fair Value Disclosures The Company’s financial instruments include cash equivalents, fees receivable from customers, accounts payable and accrued liabilities, all of which are normally short-term in nature. The Company believes that the carrying amounts of these financial instruments reasonably approximate their fair values due to their short-term nature. The Company’s financial instruments also include its outstanding variable-rate borrowings under the 2024 Credit Agreement. The Company believes that the carrying amounts of its variable-rate borrowings reasonably approximate their fair values because the rates of interest on those borrowings reflect current market rates of interest for similar instruments with comparable maturities. The Company enters into a limited number of derivatives transactions but does not enter into repurchase agreements, securities lending transactions or master netting arrangements. Receivables or payables that result from derivatives transactions are recorded gross in the Company’s Condensed Consolidated Balance Sheets. FASB ASC Topic 820 provides a framework for the measurement of fair value and a valuation hierarchy based on the transparency of inputs used in the valuation of assets and liabilities. Classification within the valuation hierarchy is based on the lowest level of input that is significant to the resulting fair value measurement. The valuation hierarchy contains three levels. Level 1 measurements consist of quoted prices in active markets for identical assets or liabilities. Level 2 measurements include significant other observable inputs such as quoted prices for similar assets or liabilities in active markets; identical assets or liabilities in inactive markets; observable inputs such as interest rates and yield curves; and other market-corroborated inputs. Level 3 measurements include significant unobservable inputs such as internally-created valuation models. Generally, the Company does not utilize Level 3 valuation inputs to remeasure any of its assets or liabilities. However, Level 3 inputs may be 19 used by the Company when certain long-lived assets, including identifiable intangible assets, goodwill, and right-of-use assets are measured at fair value on a nonrecurring basis when there are indicators of impairment. Additionally, Level 3 inputs may be used by the Company in its required annual impairment review of goodwill. Information regarding the periodic assessment of the Company’s goodwill is included in Note 3 — Goodwill and Intangible Assets. The Company does not typically transfer assets or liabilities between different levels of the valuation hierarchy. The table below presents the fair values of certain financial assets and liabilities that are measured at fair value on a recurring basis in the Company's financial statements (in thousands). Description March 31, 2026 December 31, 2025 Assets: Values based on Level 1 inputs: Deferred compensation plan assets (1) $ 23,441 $ 19,188 Total Level 1 inputs 23,441 19,188 Values based on Level 2 inputs: Deferred compensation plan assets (1) 150,417 155,949 Foreign currency forward contracts (2) 213 1,169 Total Level 2 inputs 150,630 157,118 Total Assets $ 174,071 $ 176,306 Liabilities: Values based on Level 2 inputs: Deferred compensation plan liabilities (1) $ 178,390 $ 178,331 Foreign currency forward contracts (2) 212 939 Total Level 2 inputs 178,602 179,270 Total Liabilities $ 178,602 $ 179,270 (1) The Company has a deferred compensation plan for the benefit of certain highly compensated officers, managers and other key employees. The assets consist of investments in money market funds, mutual funds and company-owned life insurance contracts, which are valued based on Level 1 or Level 2 inputs. The related deferred compensation plan liabilities are recorded at fair value, or the estimated amount needed to settle the liability, which the Company considers to be a Level 2 input. (2) The Company enters into foreign currency forward exchange contracts to hedge the effects of adverse fluctuations in foreign currency exchange rates (see Note 11 — Derivatives and Hedging). Valuation of these contracts is based on observable foreign currency exchange rates in active markets, which the Company considers to be a Level 2 input. The table below presents the carrying amounts (net of deferred financing costs) and fair values of financial instruments that are not recorded at fair value in the Company’s Condensed Consolidated Balance Sheets (in thousands). The estimated fair value of the financial instruments was derived from quoted market prices provided by an independent dealer, which the Company considers to be a Level 2 input. Carrying Amount Fair Value March 31, December 31, March 31, December 31, Description 2026 2025 2026 2025 2028 Notes $ 796,888 $ 796,563 $ 787,152 $ 798,080 2029 Notes 596,811 596,578 564,276 578,760 2030 Notes 795,264 795,024 730,344 759,224 2031 Notes 346,708 346,564 341,674 351,869 2035 Notes 445,498 445,411 426,686 450,657 Total $ 2,981,169 $ 2,980,140 $ 2,850,132 $ 2,938,590 Note 13 — Contingencies 20 Legal Matters. The Company is involved in legal proceedings, claims and compliance matters arising in the ordinary course of business. The Company records a provision in its consolidated financial statements when it is determined that an unfavorable outcome in one of these matters is probable and the amount of the loss can be reasonably estimated. The Company believes that the potential liability, if any, in excess of amounts already accrued for these contingencies will not have a material effect on its financial position, cash flows or results of operations when resolved in a future period. Indemnifications. The Company has various agreements that may obligate it to indemnify the other party with respect to certain matters. Generally, these indemnification clauses are included in contracts arising in the normal course of business under which the Company customarily agrees to hold the other party harmless against losses arising from a breach of representations related to matters such as title to assets sold and licensed or certain intellectual property rights. It is not possible to predict the maximum potential amount of future payments under these indemnification agreements due to the conditional nature of the Company’s obligations and the unique facts of each particular agreement. Historically, payments made by the Company under these agreements have not been material. As of March 31, 2026, the Company did not have any material payment obligations under any such indemnification agreements. Note 14 — Leases The Company’s leasing activities are primarily for facilities under cancelable and non-cancelable lease agreements expiring during 2026 and through 2038. These facilities support our executive and administrative activities, sales, systems support, operations, and other functions. The Company also has leases for office equipment and other assets, which are not significant. Certain of these lease agreements include (i) renewal options to extend the lease term for up to ten years and/or (ii) options to terminate the agreement within one year . Additionally, certain of the Company’s lease agreements provide standard recurring escalations of lease payments for, among other things, increases in a lessor’s maintenance costs and taxes. Under some lease agreements, the Company may be entitled to allowances, free rent, lessor-financed tenant improvements and other incentives. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company subleases certain office space that it does not intend to occupy. Such sublease arrangements expire during 2026 and through 2032 and primarily relate to facilities in Arlington, Virginia. Certain of the Company’s sublease agreements: (i) include renewal and termination options; (ii) provide for customary escalations of lease payments in the normal course of business; and (iii) grant the subtenant certain allowances, free rent, Gartner-financed tenant improvements and other incentives. All of the Company’s leasing and subleasing activity is recognized in Selling, general and administrative expense in the accompanying Condensed Consolidated Statements of Operations. The table below presents the Company’s net lease cost and certain other information related to the Company’s leasing activities as of and for the periods indicated (dollars in thousands). Three Months Ended March 31, Description: 2026 2025 Operating lease cost (1) $ 19,889 $ 24,348 Lease cost (2) 5,305 5,685 Sublease income ( 11,121 ) ( 11,386 ) Total lease cost, net (3) $ 14,073 $ 18,647 Cash paid for amounts included in the measurement of operating lease liabilities $ 27,639 $ 28,657 Cash receipts from sublease arrangements $ 11,359 $ 11,144 Right-of-use assets obtained in exchange for new operating lease liabilities $ 25,881 $ 5,071 (1) Included in operating lease cost was $ 8.0 million and $ 8.5 million for the three months ended March 31, 2026 and 2025, respectively, for costs related to subleasing activities. (2) These amounts are primarily variable lease and nonlease costs that are not fixed at the lease commencement date or are dependent on something other than an index or a rate. (3) The Company did not capitalize any operating lease costs during any of the periods presented. The table below indicates where the discounted operating lease payments from the above table are classified in the accompanying Condensed Consolidated Balance Sheets (in thousands). 21 March 31, December 31, Description: 2026 2025 Accounts payable and accrued liabilities $ 96,569 $ 96,076 Operating lease liabilities 275,635 270,200 Total operating lease liabilities included in the Condensed Consolidated Balance Sheets $ 372,204 $ 366,276 Note 15 — Subsequent Event On April 30, 2026, the Company’s Board of Directors authorized incremental share repurchases of up to an additional $ 600.0 million of Gartner’s common stock. This authorization is in addition to the previously authorized repurchases of up to $ 7.5 billion, which, as of the end of April 2026, had approximately $ 640.0 million remaining. 22