What Gartner, Inc. told the SEC could break it.

A substantial portion of revenue is earned outside the US in local currencies, exposing results to USD fluctuations driven by war, trade disputes, tariffs, sanctions and market volatility; only limited forward-contract hedging is used.

“Revenues earned outside the United States are typically transacted in local currencies, which may fluctuate significantly against the U.S. dollar as a result of various factors, including geopolitical and events such as war, trade disputes, tariffs, economic sanctions, and market volatility.”

Gartner's content is exposed to datasets leveraged by AI chatbots, which may surface substantive content in query responses and reduce the need for users to access Gartner's products, threatening its core research model.

“Similarly, some of our content is exposed to the datasets leveraged by AI chatbots, and these chatbots may provide substantive content, either with or without contribution, in query responses to users which could reduce the need to enter our websites.”

Tariffs, trade barriers and retaliatory measures could negatively affect operations and clients' budget decisions, while global minimum tax legislation and heightened tax scrutiny add compliance/tax risk.

“Additionally, changes in regulatory rules or policies, or changes in government enforcement priorities and resources, tariffs, trade barriers and restrictions, and other acts by governments to protect domestic markets or to retaliate against the trade tariffs and restrictions of other nations could negatively affect our business operations.”