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Segment Information
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
The 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 June 30, 2024ResearchConferencesConsultingConsolidated
Revenues$1,265,992 $186,084 $142,984 $1,595,060 
Gross contribution933,121 108,112 53,719 1,094,952 
Corporate and other expenses   (776,169)
Operating income   $318,783 
Three Months Ended June 30, 2023ResearchConferencesConsultingConsolidated
Revenues$1,207,885 $168,897 $126,403 $1,503,185 
Gross contribution885,282 98,450 47,321 1,031,053 
Corporate and other expenses(747,946)
Operating income$283,107 
Six Months Ended June 30, 2024ResearchConferencesConsultingConsolidated
Revenues$2,534,164 $256,153 $277,669 $3,067,986 
Gross contribution1,877,690 131,367 108,006 2,117,063 
Corporate and other expenses(1,524,395)
Operating income$592,668 
Six Months Ended June 30, 2023ResearchConferencesConsultingConsolidated
Revenues$2,425,076 $233,539 $253,439 $2,912,054 
Gross contribution1,784,796 125,238 98,129 2,008,163 
Corporate and other expenses(1,317,099)
Operating income$691,064 

The table below provides a reconciliation of total segment gross contribution to net income for the periods indicated (in thousands).
Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
Total segment gross contribution$1,094,952 $1,031,053 $2,117,063 $2,008,163 
Costs and expenses:
Cost of services and product development - unallocated (1)13,206 15,286 21,832 18,666 
Selling, general and administrative 712,071 680,168 1,401,904 1,337,258 
Depreciation and amortization50,534 46,613 99,841 93,244 
Acquisition and integration charges358 1,973 818 3,341 
  Gain from sale of divested operation— 3,906 — (135,410)
Operating income 318,783 283,107 592,668 691,064 
Interest expense and other, net(19,486)(18,983)(33,814)(48,740)
Gain on event cancellation insurance claims— — — 3,077 
Less: Provision for income taxes69,749 66,081 118,761 151,575 
Net income $229,548 $198,043 $440,093 $493,826 
(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.