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Segment Information
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment InformationThe Company’s products and services are delivered through three segments – Research, Conferences and Consulting, as described below.
Research equips executives and their teams from every function and across all industries with actionable, objective insight, 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 our Gartner Symposium/Xpo series, to industry-leading conferences focused on specific business roles and topics, to peer-driven sessions, our offerings enable attendees to experience the best of Gartner insight and guidance.

Consulting serves senior executives leading technology-driven strategic initiatives leveraging the power of Gartner’s actionable, objective insight. Through custom analysis and on-the-ground support we enable optimized technology investments and stronger performance on our clients’ mission critical priorities.

The Company evaluates segment performance and allocates resources based on gross contribution margin. 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, Acquisition and integration charges 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 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 September 30, 2023ResearchConferencesConsultingConsolidated
Revenues$1,218,739 $57,200 $132,845 $1,408,784 
Gross contribution894,149 20,449 48,551 963,149 
Corporate and other expenses   (718,732)
Operating income   $244,417 
Three Months Ended September 30, 2022ResearchConferencesConsultingConsolidated
Revenues$1,147,823 $77,031 $107,014 $1,331,868 
Gross contribution848,438 40,318 37,213 925,969 
Corporate and other expenses(672,551)
Operating income$253,418 

Nine Months Ended September 30, 2023ResearchConferencesConsultingConsolidated
Revenues$3,643,815 $290,739 $386,284 $4,320,838 
Gross contribution2,678,945 145,687 146,680 2,971,312 
Corporate and other expenses(2,035,831)
Operating income$935,481 
Nine Months Ended September 30, 2022ResearchConferencesConsultingConsolidated
Revenues$3,426,532 $200,910 $343,687 $3,971,129 
Gross contribution2,541,782 110,968 138,448 2,791,198 
Corporate and other expenses(2,023,411)
Operating income$767,787 

The table below provides a reconciliation of total segment gross contribution to net income for the periods indicated (in thousands).
Three Months EndedNine Months Ended
September 30,September 30,
2023202220232022
Total segment gross contribution$963,149 $925,969 $2,971,312 $2,791,198 
Costs and expenses:
Cost of services and product development - unallocated (1)5,206 10,938 23,872 38,474 
Selling, general and administrative 660,527 613,031 1,997,785 1,835,846 
Depreciation and amortization48,536 47,251 141,780 143,264 
Acquisition and integration charges4,463 1,331 7,804 5,827 
  Gain from sale of divested operation— — (135,410)— 
Operating income 244,417 253,418 935,481 767,787 
Interest expense and other, net(19,943)(21,356)(68,683)(44,715)
Gain on event cancellation insurance claims— — 3,077 — 
Less: Provision for income taxes44,465 58,517 196,040 172,087 
Net income $180,009 $173,545 $673,835 $550,985 
(1)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.