(1) Source: Burton-Taylor International Consulting 2020 Financial Market Data Report Bloombergīloomberg is the 800-pound gorilla in the financial data world, with financial data revenue of approximately $10+ billion. The cost of 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 $24,240 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 $27,660/year for one license 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.

Refinitiv Eikon (Subsidiary of London Stock Exchange Group, Formerly Thomson Reuters)Īll 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).

For the investment banking analyst who needs to find historical data and forecasts 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:

Capital IQ vs FactSet: Comparison of features that matter to investment bankersįinancial data providers are a key part of the financial professional’s workflow.

You should consider something other than FactSet if ….

You absolutely have to go with FactSet if ….

You could probably live without Capital IQ if ….

You absolutely have to go with Capital IQ if ….

You could probably live without Bloomberg if ….

You absolutely have to go with Bloomberg if ….

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