IT · 10-Q · 2026Q2 · Full report

Interest Rate Environment

GARTNER INC · 2026-08-04 · Importance 49 · Surprise 6

Gartner had approximately $3.0 billion of principal debt outstanding as of June 30, 2026, including a $1.0 billion unused revolving facility. The revolver bears interest at a variable rate based on SOFR or the Base Rate; its contractual annualized rate was 5.23% at June 30, 2026, consisting of 3.75% SOFR plus a 1.48% margin. The weighted average annual effective rate on outstanding debt was 4.31% for the three months and 4.32% for the six months ended June 30, 2026. Net interest expense increased to $43.3 million in the first six months of 2026 from $25.2 million in the prior-year period, an approximately 72% increase.

Key facts

• Interest expense, net for the three months ended June 30, 2026: $22,266 (in thousands). source
• Applicable all-in margin on the revolving facility at June 30, 2026: 1.48% (including the credit spread adjustment); SOFR was 3.75% and the contractual annualized interest rate was 5.23% (3.75% SOFR plus 1.48% margin). source
• Weighted average annual effective rate on the Company’s outstanding debt for the three and six months ended June 30, 2026 was 4.31% and 4.32%, respectively. source
• Amount recorded in Interest expense, net for six months ended June 30, 2025 for derivatives was $8,935 (in thousands). source
• Interest expense, net increased by $10.5 million for the three months ended June 30, 2026 compared to the same period in 2025. source
• Interest expense, net increased by $18.1 million for the six months ended June 30, 2026 compared to the same period in 2025. source