Forrester Research, Inc. (FORR) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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FORR Revenue Growth
Revenue Breakdown (FY 2024)
FORR's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
FORR Revenue Analysis (2013–2024)
As of May 6, 2026, Forrester Research, Inc. (FORR) generated trailing twelve-month (TTM) revenue of $403.9 million, reflecting moderate decline in growth of -8.0% year-over-year. The most recent quarter (Q3 2025) recorded $94.3 million in revenue, down 15.6% sequentially.
Looking at the longer-term picture, FORR's 5-year compound annual growth rate (CAGR) stands at -1.3%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $537.8 million in 2022.
Revenue diversification analysis shows FORR's business is primarily driven by Research Revenue (96%), Professional Services (4%), and Software (0%). With over half of revenue concentrated in Research Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including IT (+2.3% YoY), MORN, and VRSK (+5.9% YoY), FORR has underperformed the peer group in terms of revenue growth. Compare FORR vs IT →
FORR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FORRCurrent | $404M | -8.0% | -1.3% | 0.2% | |
 IT | $6.5B | +2.3% | +9.6% | 15.8% | |
 MORN | $2.4B | - | - | 21.5% | |
 VRSK | $3.1B | +5.9% | +6.2% | 44.6% | |
 CSGP | $3.2B | +21.3% | +14.4% | -2.2% | |
 SPGI | $15.3B | - | - | 42.2% |
FORR Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $432.5M | -10.0% | $422.8M | 97.8% | $740K | 0.2% |
| 2023 | $480.8M | -10.6% | $276.3M | 57.5% | $6.8M | 1.4% |
| 2022 | $537.8M | +8.8% | $314.0M | 58.4% | $32.7M | 6.1% |
| 2021 | $494.3M | +10.1% | $292.5M | 59.2% | $38.6M | 7.8% |
| 2020 | $449.0M | -2.8% | $268.1M | 59.7% | $16.2M | 3.6% |
| 2019 | $461.7M | +29.1% | $265.0M | 57.4% | $-1,075,000 | -0.2% |
| 2018 | $357.6M | +5.9% | $211.1M | 59.0% | $22.4M | 6.3% |
| 2017 | $337.7M | +3.6% | $200.8M | 59.5% | $27.5M | 8.2% |
| 2016 | $326.1M | +3.9% | $197.9M | 60.7% | $30.8M | 9.4% |
| 2015 | $313.7M | +0.5% | $187.5M | 59.8% | $18.8M | 6.0% |
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Start ComparisonFORR — Frequently Asked Questions
Quick answers to the most common questions about buying FORR stock.
Is FORR's revenue growth accelerating or slowing?
FORR revenue declined -8.0% year-over-year, contrasting with the 5-year CAGR of -1.3%. TTM revenue fell to $404M. This reverses the prior growth trend.
What is FORR's long-term revenue growth rate?
Forrester Research, Inc.'s 5-year revenue CAGR of -1.3% reflects the variable expansion pattern. Current YoY growth of -8.0% is below this long-term average.
How is FORR's revenue distributed by segment?
FORR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.