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Revenue and Related Matters | 9 Months Ended
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Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
Revenue and Related Matters | 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 September 30, 2025 |  |  |  |  |
Primary Geographic Market | Insights | Conferences | Consulting | Other | Total
United States and Canada | $ | 770,945 |  | $ | 11,433 |  | $ | 78,299 |  | $ | 46,891 |  | $ | 907,568 |
Europe, Middle East and Africa | 340,492 |  | 39,356 |  | 32,987 |  | 5,892 |  | 418,727 |
Other International | 159,287 |  | 23,765 |  | 12,287 |  | 2,438 |  | 197,777 |
Total revenues | $ | 1,270,724 |  | $ | 74,554 |  | $ | 123,573 |  | $ | 55,221 |  | $ | 1,524,072 |
Three Months Ended September 30, 2024 |  |  |  |  |
Primary Geographic Market | Insights | Conferences | Consulting | Other | Total
United States and Canada | $ | 777,405 |  | $ | 8,191 |  | $ | 79,448 |  | $ | 58,790 |  | $ | 923,834 |
Europe, Middle East and Africa | 288,649 |  | 40,486 |  | 30,637 |  | 9,267 |  | 369,039 |
Other International | 143,470 |  | 27,099 |  | 17,537 |  | 3,327 |  | 191,433 |
Total revenues | $ | 1,209,524 |  | $ | 75,776 |  | $ | 127,622 |  | $ | 71,384 |  | $ | 1,484,306 |
Nine Months Ended September 30, 2025 |  |  |  |  |
Primary Geographic Market | Insights | Conferences | Consulting | Other | Total
United States and Canada | $ | 2,342,406 |  | $ | 205,302 |  | $ | 261,042 |  | $ | 149,069 |  | $ | 2,957,819 |
Europe, Middle East and Africa | 977,139 |  | 103,793 |  | 108,086 |  | 20,762 |  | 1,209,780 |
Other International | 470,253 |  | 49,463 |  | 49,745 |  | 7,596 |  | 577,057 |
Total revenues | $ | 3,789,798 |  | $ | 358,558 |  | $ | 418,873 |  | $ | 177,427 |  | $ | 4,744,656 |
Nine Months Ended September 30, 2024 |  |  |  |  |
Primary Geographic Market | Insights | Conferences | Consulting | Other | Total
United States and Canada | $ | 2,313,152 |  | $ | 187,400 |  | $ | 248,930 |  | $ | 190,983 |  | $ | 2,940,465 |
Europe, Middle East and Africa | 841,781 |  | 97,443 |  | 101,920 |  | 31,328 |  | 1,072,472 |
Other International | 427,305 |  | 47,086 |  | 54,441 |  | 10,523 |  | 539,355 |
Total revenues | $ | 3,582,238 |  | $ | 331,929 |  | $ | 405,291 |  | $ | 232,834 |  | $ | 4,552,292 |
(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 September 30, 2025 |  |  |  |  |
Timing of Revenue Recognition | Insights | Conferences | Consulting | Other | Total
Transferred over time (1) | $ | 1,268,460 |  | $ | — |  | $ | 94,043 |  | $ | 465 |  | $ | 1,362,968 |
Transferred at a point in time (2) | 2,264 |  | 74,554 |  | 29,530 |  | 54,756 |  | 161,104 |
Total revenues | $ | 1,270,724 |  | $ | 74,554 |  | $ | 123,573 |  | $ | 55,221 |  | $ | 1,524,072 |
Three Months Ended September 30, 2024 |  |  |  |  |
Timing of Revenue Recognition | Insights | Conferences | Consulting | Other | Total
Transferred over time (1) | $ | 1,205,568 |  | $ | — |  | $ | 101,246 |  | $ | 614 |  | $ | 1,307,428 |
Transferred at a point in time (2) | 3,956 |  | 75,776 |  | 26,376 |  | 70,770 |  | 176,878 |
Total revenues | $ | 1,209,524 |  | $ | 75,776 |  | $ | 127,622 |  | $ | 71,384 |  | $ | 1,484,306 |
Nine Months Ended September 30, 2025 |  |  |  |  |
Timing of Revenue Recognition | Insights | Conferences | Consulting | Other | Total
Transferred over time (1) | $ | 3,781,197 |  | $ | — |  | $ | 308,077 |  | $ | 1,227 |  | $ | 4,090,501 |
Transferred at a point in time (2) | 8,601 |  | 358,558 |  | 110,796 |  | 176,200 |  | 654,155 |
Total revenues | $ | 3,789,798 |  | $ | 358,558 |  | $ | 418,873 |  | $ | 177,427 |  | $ | 4,744,656 |
Nine Months Ended September 30, 2024 |  |  |  |  |
Timing of Revenue Recognition | Insights | Conferences | Consulting | Other | Total
Transferred over time (1) | $ | 3,573,963 |  | $ | — |  | $ | 316,417 |  | $ | 2,113 |  | $ | 3,892,493 |
Transferred at a point in time (2) | 8,275 |  | 331,929 |  | 88,874 |  | 230,721 |  | 659,799 |
Total revenues | $ | 3,582,238 |  | $ | 331,929 |  | $ | 405,291 |  | $ | 232,834 |  | $ | 4,552,292 |
(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. 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 September 30, 2025 was approximately $6.1 billion. The Company expects to recognize $1.1 billion, $3.3 billion and $1.7 billion of this revenue (most of which pertains to Insights) during the remainder of 2025, the year ending December 31, 2026 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).
| September 30, |  | December 31,
| 2025 |  | 2024
Assets: |  |  |
Fees receivable, gross (1) | $ | 1,125,487 |  |  | $ | 1,704,725 |
Contract assets recorded in Prepaid expenses and other current assets (2) | $ | 57,565 |  |  | $ | 31,056 |
Contract liabilities: |  |  |
Deferred revenues (current liability) (3) | $ | 2,531,532 |  |  | $ | 2,762,927 |
Non-current deferred revenues recorded in Other liabilities (3) | 22,645 |  |  | 27,389 |
Total contract liabilities | $ | 2,554,177 |  |  | $ | 2,790,316 |
(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 during both the three months ended September 30, 2025 and 2024, and $2.2 billion and $2.1 billion during the nine months ended September 30, 2025 and 2024, 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 and nine months ended September 30, 2025 and 2024, the Company did not record any material impairments related to its contract assets.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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