Gartner, Inc.

Gartner's subscription growth has stalled near the bottom of its range while management runs its biggest internal rebuild in years, promising the payoff arrives at renewal. Until it does, profit growth is being bought with repurchased stock, not earned. How is Gartner's contract value trending outside the U.S. federal government?

• Growth stalled, and the whole plan now rides on it restarting.

  Contract value growth bottomed at 1% in Q4 FY2025, then accelerated two straight quarters to 2%. Clients renew on multi-year terms, so better retention takes a year or more to reach the number investors watch. How much of Gartner's rebound comes from lapping the federal government losses?

• Gartner is rebuilding the research product clients actually pay for.

  Documents in the library are up 18% and publishing is 75% faster. Management calls it the most change Gartner has ever made at once. Engagement is rising, but clients only pay more when the contract renews.

• Profit is being bought back, not earned.

  EPS rose 24% in Q2 FY2026 while revenue barely grew, because the share count fell 14% year over year. Buying back stock faster than the business grows lifts profit per share without fixing what stalled. How much debt can Gartner take on before buybacks stop driving earnings?