![]() (1) Source: Burton-Taylor International consulting and Bloomberg Bloombergīloomberg is the 800-pound gorilla in the financial data world, with financial data revenue of approximately $9 billion and 325,000 terminals currently licensed. It controls more than 33% of the financial data market. Its closest rival is Thomson Reuters, with 23% of the market share. The cost of Thomson Reuters’ Eikon is $22,000 per year, but a stripped down version can cost as little as $3,600 per year. ![]() The cost of a FactSet subscription is $12,000 per year for the full product. For example, downloading equity research reports comes at an extra cost – either on a per-download basis or unlimited at $2,500 per year. However, pricing can go up significantly with added features. The price drops to $20,000 per terminal per year for 2 or more terminals. See below for academic pricing.Ĭapital IQ pricing starts at $13,000 per user per year and drops to as low as $7,500 per user per year for larger numbers of users. ![]() The cost of a Bloomberg Terminal is $24,000 per year and terminals are leased on a two-year basis. sell-side) and killer apps and features that might push users to favor one data provider over another. The goal of this article is to provide a thorough comparison of cost, industry relevance ( buy-side vs. All four try to offer a one-stop-shop platform that provides all types of financial data services (with a massive price tag, as you’ll see below). As a result, Eikon is a Refinitiv product.įinancial data providers are a key part of the the financial professional’s workflow. For the investment banking analyst who needs to find historical data and forecasts in order to build a 3-statement model or for the currency trader looking for real-time quotes, up-to-date and accurate financial data is critical.Īs it currently stands, the financial data industry is dominated by 4 large providers: Bloomberg, S&P (Capital IQ + SNL), FactSet and Thomson Reuters Eikon. UPDATE: Thomson Reuters’ Financial & Risk division became Refinitiv on October 1, 2018.
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