Bloomberg’s revenue was $7.9 billion last year, most of it from terminals.The revenue Bloomberg drives from these other lines of business, however, is negligible when compared to the terminal. Then growth slowed as some of Bloomberg’s biggest customers trimmed budgets or went under entirely. The number of terminal subscriptions, which we compiled from various press reports, grew steeply before the financial crisis, hitting 270,000 in 2007. Back in 2001, the price was $1,640 a month. Bloomberg raised its price much more aggressively between 20. That’s a hike of just 1.3% from the price of $1,975 in 2011, and adjusting for inflation, it’s actually a decline of 3.1%. The city pays the standard rate for a single subscription to the terminal, officially known as Bloomberg Professional, including Bloomberg Anywhere access, which allows the customer to log in from other devices.īloomberg is currently charging single-terminal subscribers $2,000 a month for two-year contracts. Yesterday we published Oceanside’s contract with Bloomberg along with related documents, which you can read here. The pricing data in our chart comes from Oceanside, California, which has a Bloomberg terminal for its treasurer.
Bloomberg declined to comment on its pricing. That price, however, increased proportionally with the single-terminal price over the past decade. But it does charge a lower price-currently about $20,000 a year-for customers with two or more subscriptions, including large banks than can have hundreds of terminals. It’s now the market leader, with 315,000 subscribers.īloomberg is famously averse to discounting, and only offers one level of subscription with access to all data. But we’ve got our hands on what Bloomberg has charged going back to 2001, when the company had about 160,000 terminal subscribers and still trailed its greatest rival, Thomson Reuters. The closely held company doesn’t publicize its prices, which are the most expensive among financial data providers. Bloomberg is now charging $24,000 a year for a single terminal subscription.
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