# Bloomberg Terminal Cost 2026: Prices, FactSet and Cheaper Options

> A Bloomberg Terminal costs $31,980 a year for one terminal and $28,320 per terminal for two or more, rising on 1 January 2027. FactSet's typical contract is $25,160. Prices, the 2027 increase and cheaper options for public and private markets.

Guides · 13 November 2026 · by Giorgio Fenancio · https://privateequitylist.com/intelligence/bloomberg-terminal-cost

**Key takeaways**

- **The short answer:** a Bloomberg Terminal costs $31,980 a year ($2,665 a month) for a single terminal and $28,320 a year ($2,360 a month) per terminal for two or more, on two-year contracts, as of November 2026.
- **From 1 January 2027:** Bloomberg adds $155 a month to single terminals and $140 to multi-terminal seats, taking them to about $33,840 and $30,000 a year.
- **FactSet:** it does not publish prices. The typical contract in Vendr's data is $25,160 a year, and FactSet's own figures work out to about $9,900 a user.
- **Cheaper for public markets:** Koyfin has a free plan and paid plans from $39 a month.
- **Cheaper for private markets:** Private Equity List Pro costs $99 a month on a yearly plan, with 8,139 investor profiles, investment-team contacts and 875 funds launched in 2026.

- **$31,980**: Bloomberg Terminal a year (single terminal, 2025–2026)
- **$28,320**: per terminal a year (two or more terminals)
- **$33,840**: single terminal from 2027 (+$155 a month)
- **$25,160**: typical FactSet contract a year (the median, Vendr)

## Bloomberg Terminal cost in 2026: single and multi-terminal prices

**Single terminal:** $31,980 a year, or $2,665 a month, for a location with one licence. This is the rate set for contracts starting from 1 January 2025 ([NeuGroup](https://connect.neugroup.com/public/blogs/bloomberg-terminals-how-much-more-youll-pay-next-year)).\
**Two or more terminals:** $28,320 a year per terminal, or $2,360 a month. A desk of five pays $141,600 a year.\
**Contract length:** Bloomberg sells two-year subscriptions. A single terminal on a 2025–2026 term costs $63,960 over the two years.\
**What is in the price:** the software on one login, real-time market data, Bloomberg news, analytics, Excel tools and the Instant Bloomberg chat used across trading desks.\
**What costs extra:** data licences and real-time feeds such as B-PIPE are sold separately and also rose 6.5% in 2025.

<div class="intel__tablewrap">
<table class="intel__table">
<thead><tr><th>Subscription</th><th>A month</th><th>A year</th><th>Two-year term</th><th>From 1 January 2027</th></tr></thead>
<tbody>
<tr><td>Single terminal</td><td>$2,665</td><td>$31,980</td><td>$63,960</td><td>$2,820 a month, about $33,840 a year</td></tr>
<tr><td>Two or more terminals, per terminal</td><td>$2,360</td><td>$28,320</td><td>$56,640</td><td>$2,500 a month, about $30,000 a year</td></tr>
<tr><td>Desk of five terminals</td><td>$11,800</td><td>$141,600</td><td>$283,200</td><td>about $150,000 a year</td></tr>
</tbody>
</table>
</div>

**Sources:** 2025–2026 prices from [NeuGroup](https://connect.neugroup.com/public/blogs/bloomberg-terminals-how-much-more-youll-pay-next-year). The 2027 rise is from a Bloomberg client email reported by [ZeroHedge](https://www.zerohedge.com/technology/bloomberg-terminal-hikes-prices-inflation-hits-wall-streets-data-bills) and [WatersTechnology](https://www.waterstechnology.com/data-management/1623015/bloomberg-raises-terminal-fees). Bloomberg does not publish a price list; the 2027 yearly figures are our sums of the monthly prices.

## Bloomberg Terminal price increase 2027

**Bloomberg Terminal, single terminal a year, USD**

| | Value |
|---|---:|
| 2025–2026 term | $31,980 |
| 2027–2028 term | $33,840 |

Source: NeuGroup, ZeroHedge; checked 13 November 2026

**The new prices:** +$155 a month for single-licence locations and +$140 a month per terminal at multi-licence locations, from 1 January 2027.\
**In a year:** that is $1,860 more for a single terminal and $1,680 more per multi-terminal seat.\
**How Bloomberg puts it:** the rise holds for the two-year term, and the average yearly increase over that term is 2.97%.\
**Who waits:** subscriptions installed or renewing on or before 31 December 2026 keep today's price until their next renewal.\
**The pattern:** Bloomberg raised prices 9.6% in 2023 and 6.5% in 2025, and links them to weighted global inflation over the prior two years ([NeuGroup](https://connect.neugroup.com/public/blogs/bloomberg-terminals-how-much-more-youll-pay-next-year)).

## Why the Bloomberg Terminal costs so much

**Real-time data:** prices, quotes and order-book data across equities, bonds, FX, commodities and derivatives, live on one screen.\
**The network:** traders, brokers and bankers message each other on Instant Bloomberg, so a seat comes with that contact list.\
**News and analytics:** Bloomberg's own newsroom, plus pricing models for bonds and derivatives inside the same login.\
**Who pays:** banks, asset managers and trading desks that need live fixed-income and derivatives data. Most buy the multi-terminal rate.\
**Who overpays:** a founder, an adviser or a small fund that needs company and investor research. They pay $31,980 a year for live trading data they may never open.

## FactSet pricing in 2026

**List price:** FactSet does not publish standard per-user pricing ([Vendr](https://www.vendr.com/marketplace/factset)). Prices are quoted by sales, by user, content set and add-ons.\
**What buyers pay:** the median FactSet contract in Vendr's data is $25,160 a year, from $4,200 to $28,179. Vendr last updated it in February 2026.\
**FactSet's own numbers:** organic annual subscription value (ASV) was $2,568.2 million at 31 August 2026, up 7.0%. FactSet serves more than 9,200 clients and over 260,000 users ([FactSet results, 30 September 2026](https://www.sec.gov/Archives/edgar/data/1013237/000162828026063888/fdsq42026earningsrelease.htm)).\
**Per user:** $2,568.2 million over 260,000 users is about $9,900 a user a year. That is an average across the whole client base, including feeds and enterprise deals.\
**Per client:** about $279,000 a year on average across 9,200 clients.\
**Next year:** FactSet guides to organic ASV growth of 5.0–6.5% for fiscal 2027, and annual ASV retention stayed above 95%.

<div class="intel__tablewrap">
<table class="intel__table">
<thead><tr><th>FactSet figure</th><th>Value</th><th>Source</th></tr></thead>
<tbody>
<tr><td>Published per-user price</td><td>None</td><td>Vendr</td></tr>
<tr><td>Median contract a year</td><td>$25,160</td><td>Vendr, February 2026</td></tr>
<tr><td>Contract range a year</td><td>$4,200–$28,179</td><td>Vendr, February 2026</td></tr>
<tr><td>Organic ASV, fiscal 2026</td><td>$2,568.2 million, +7.0%</td><td>FactSet results, 30 September 2026</td></tr>
<tr><td>Clients and users</td><td>9,200+ clients, 260,000+ users</td><td>FactSet results, 30 September 2026</td></tr>
<tr><td>Average a user a year</td><td>about $9,900</td><td>our division of ASV by users</td></tr>
</tbody>
</table>
</div>

## Bloomberg vs FactSet: cost and what you get

<div class="intel__tablewrap">
<table class="intel__table">
<thead><tr><th>What you compare</th><th>Bloomberg Terminal</th><th>FactSet</th></tr></thead>
<tbody>
<tr><td>Price a year</td><td>$31,980 single, $28,320 per seat for 2+</td><td>Not published; median contract $25,160</td></tr>
<tr><td>Price from 2027</td><td>about $33,840 single, $30,000 per seat</td><td>Quoted at renewal</td></tr>
<tr><td>Contract</td><td>Two years</td><td>Not published; multi-year terms often get below-list prices</td></tr>
<tr><td>Strongest at</td><td>Live markets, fixed income, chat</td><td>Company research, screening, Excel models</td></tr>
<tr><td>Typical users</td><td>Traders, portfolio managers, sales desks</td><td>Equity research, investment banking, wealth</td></tr>
</tbody>
</table>
</div>

**Cheaper seat:** FactSet, by about $3,000–$7,000 a year at the median against Bloomberg's two rates.\
**When Bloomberg wins:** live bond, FX and derivatives work, and a desk that lives in Instant Bloomberg chat.\
**When FactSet wins:** fundamentals, screening and models for research and banking teams.

## Cheaper alternatives to the Bloomberg Terminal

**What one user pays a year, USD**

| | Value |
|---|---:|
| Koyfin Plus | $468 |
| Crunchbase Pro, from year two | $948 |
| Private Equity List Pro, yearly | $1,188 |
| Koyfin Advisor Pro | $3,588 |
| FactSet, average a user | $9,900 |
| PitchBook, 1 seat | $12,000 |
| FactSet, median contract | $25,160 |
| Bloomberg, 2+ terminals | $28,320 |
| Bloomberg, single terminal | $31,980 |
| Preqin, median contract | $49,334 |

Source: vendor pricing pages, NeuGroup, Vendr, FactSet, Failory, FundedIQ; checked 13 November 2026

<div class="intel__tablewrap">
<table class="intel__table">
<thead><tr><th>Platform</th><th>Starting price</th><th>Free option</th><th>Built for</th></tr></thead>
<tbody>
<tr><td>Koyfin</td><td>$39 a month (Plus); $79 Premium; $209–$299 Advisor</td><td>Free plan</td><td>Public stocks, ETFs, funds, charts</td></tr>
<tr><td>LSEG Workspace</td><td>Not published</td><td>—</td><td>Markets data and news, the old Refinitiv Eikon</td></tr>
<tr><td>S&amp;P Capital IQ Pro</td><td>Not published</td><td>—</td><td>Company financials and screening</td></tr>
<tr><td>Crunchbase</td><td>$49 a month in year one, then $79 (Pro, yearly); $99 monthly</td><td>Free account, 7-day trial</td><td>Private companies and funding rounds</td></tr>
<tr><td><a href="https://privateequitylist.com/pricing">Private Equity List</a></td><td>$99 a month (Pro, yearly); $129 monthly</td><td>Basic plan</td><td>Investors, funds and investment-team contacts</td></tr>
<tr><td>PitchBook</td><td>Not published; about $12,000–$13,500 for one seat</td><td>Trial on request</td><td>Private markets deals and valuations</td></tr>
<tr><td>Preqin</td><td>Not published; median $49,334 a year</td><td>5-day trial, free account</td><td>Funds, LPs and fund performance</td></tr>
</tbody>
</table>
</div>

**Sources:** [Koyfin pricing guide](https://www.koyfin.com/pricing-llm-info/) (updated 15 September 2026), [Crunchbase pricing](https://www.crunchbase.com/buy/select-product), [Private Equity List pricing](https://privateequitylist.com/pricing), [Failory](https://www.failory.com/blog/pitchbook-pricing) and [FundedIQ](https://fundediq.co/compare/pitchbook-pricing/) on PitchBook, [Vendr on Preqin](https://www.vendr.com/marketplace/preqin). A dash means the vendor does not publish it.\
**Public markets on a budget:** Koyfin Plus costs $468 a year, about 1.5% of a single Bloomberg Terminal.\
**Private companies:** Crunchbase covers funding rounds from $49 a month. Details in [Crunchbase pricing](https://privateequitylist.com/intelligence/crunchbase-pricing).\
**Private funds and deals:** PitchBook and Preqin cost less than Bloomberg per seat but still five figures. See [PitchBook pricing](https://privateequitylist.com/intelligence/pitchbook-pricing) and [Preqin pricing](https://privateequitylist.com/intelligence/preqin-pricing).\
**Every platform side by side:** our [investor database comparison](https://privateequitylist.com/intelligence/investor-database-comparison), plus shortlists of [PitchBook alternatives](https://privateequitylist.com/comparisons/pitchbook-alternative) and [Crunchbase alternatives](https://privateequitylist.com/comparisons/crunchbase-alternative).

## If you need private markets data, not a terminal

**Who this is for:** founders raising a round, advisers looking for buyers, and fund managers looking for co-investors and LPs.\
**What they need:** investors by type, stage and cheque size, the funds those investors just raised, and a person to email at each firm.\
**What it costs:** Private Equity List Pro is $99 a month billed yearly ($1,188), Pro+ $209 and Pro Max $319, or $129, $249 and $399 billed monthly. Lifetime Pro is $1,799 once.\
**API and AI:** MCP is on every paid plan, and the API is on Pro Max.

**Investors in Private Equity List by type**

| | Value |
|---|---:|
| Venture capital | 6,423 |
| Private equity | 3,550 |
| Fund of funds | 301 |
| Corporate venture capital | 293 |
| Family offices | 249 |
| Debt funds | 242 |
| Angel investors | 195 |

Source: Private Equity List database, 13 November 2026

**New funds per month in 2026, 84 in October**

| | Value |
|---|---:|
| Jan | 46 |
| Feb | 46 |
| Mar | 78 |
| Apr | 96 |
| May | 125 |
| Jun | 99 |
| Jul | 83 |
| Aug | 82 |
| Sep | 91 |
| Oct | 84 |

Source: Private Equity List database

**Coverage:** 8,139 investor profiles, 6,957 funds and 875 funds launched in 2026, as of 13 November 2026. Types overlap: one firm can be both venture capital and private equity.\
**By type:** browse the [venture capital](https://privateequitylist.com/investors/venture-capital) and [private equity](https://privateequitylist.com/investors/private-equity) directories by stage, sector, cheque size and country.\
**Fresh money:** the [new funds tracker](https://privateequitylist.com/new-vc-funds) lists every fund launched in 2026, 45 of them already in November.

### Six big funds announced in November 2026

- **[Igneo Infrastructure Partners](https://privateequitylist.com/investors/igneo-infrastructure-partners)** closed the fourth vintage of its European Diversified Infrastructure Strategy at its €6 billion hard cap, above a €4 billion target. More than 90 investors committed, six months after first close ([Pulse 2.0](https://pulse2.com/igneo-infrastructure-partners-closes-e6-billion-european-diversified-infrastructure-strategy-at-hard-cap/)).
- **[Norwest](https://privateequitylist.com/investors/norwest)** raised $4 billion for Norwest 18, the largest fund in its 65-year history. The money goes to venture and growth deals in technology, healthcare and consumer across the US, India and Israel ([DealStreetAsia](https://www.dealstreetasia.com/stories/norwest-largest-fund-500915)).
- **[Valor Equity Partners](https://privateequitylist.com/investors/valor-equity-partners)** reportedly raised about $3.3 billion for its latest fund. The Chicago firm's portfolio includes Tesla, SpaceX and Anduril ([VCWire](https://vcwire.tech/2026/11/05/valor-equity-partners-raises-approx-3-3-billion-for-latest-fund/)).
- **[I Squared Capital](https://privateequitylist.com/investors/i-squared)** reached $3 billion for its second infrastructure credit strategy, double the $1.5 billion target. Senior loans go to mid-market power, fibre, data centre and port businesses ([Pulse 2.0](https://pulse2.com/i-squared-capital-raises-3-billion-for-second-infrastructure-credit-strategy-exceeding-original-target-by-100/)).
- **[Altimeter Capital](https://privateequitylist.com/investors/altimeter-capital)** is raising $2.5 billion for Altimeter Premier Growth IX, according to an SEC filing. Technology growth rounds are the focus ([VCWire](https://vcwire.tech/2026/11/10/altimeter-capital-to-raise-2-5-billion-for-ninth-premier-growth-fund/)).
- **[Ardian](https://privateequitylist.com/investors/ardian)** raised €1 billion ($1.1 billion) for Ardian Semiconductor, one of the first private equity platforms built only for chips. About €700 million is fund money, the rest co-investment ([DealStreetAsia](https://www.dealstreetasia.com/stories/ardian-semiconductor-private-equity-500580)).

## How to pay less for Bloomberg and FactSet

**Sign before 31 December 2026:** a Bloomberg term installed or renewed by then keeps $31,980 or $28,320 for the full two years, saving $3,720 on a single terminal against the 2027 rate.\
**Share the multi-terminal rate:** the second terminal drops every seat to $28,320, $3,660 a year less than a single terminal.\
**Mix seats:** keep one Bloomberg Terminal for live markets and put researchers on FactSet, Koyfin or a private markets database.\
**Bring a second quote:** FactSet and Bloomberg both price by negotiation, and Vendr notes multi-year commitments often get below-list prices at FactSet.\
**Match the tool to the job:** if the job is finding investors or buyers, a Bloomberg Terminal costs 27 times Private Equity List Pro billed yearly.

## Data and methodology

**Bloomberg and FactSet prices:** Bloomberg 2025–2026 prices and past rises from NeuGroup; the 2027 rise from Bloomberg's client email as reported by ZeroHedge and WatersTechnology. FactSet figures from Vendr and FactSet's fiscal 2026 results; per-user and per-client averages are our division of ASV by the stated counts.\
**Other platforms:** prices from the vendor pages and third-party sources linked above, checked 31 October to 13 November 2026.\
**Private Equity List figures:** investor profiles, types and funds in the Private Equity List database on 13 November 2026; types overlap. The six funds come from our fund tracker, verified announcements only, and were checked against the linked articles.

## FAQ

### How much does a Bloomberg Terminal cost per month?

A single Bloomberg Terminal costs $2,665 a month ($31,980 a year), and each terminal costs $2,360 a month ($28,320 a year) when you take two or more, on two-year contracts, as of November 2026. From 1 January 2027 Bloomberg adds $155 and $140 a month, taking the yearly prices to about $33,840 and $30,000.

### Why are Bloomberg Terminals so expensive?

One login carries real-time data across equities, bonds, FX, commodities and derivatives, Bloomberg news, pricing models and the Instant Bloomberg chat used by traders and bankers. Bloomberg also raises prices every two years in line with inflation: 9.6% in 2023, 6.5% in 2025 and about 2.97% a year over the 2027–2028 term.

### What are free or cheaper alternatives to the Bloomberg Terminal?

For public stocks and ETFs, Koyfin has a free plan and paid plans from $39 a month. For private companies, Crunchbase Pro starts at $49 a month in year one. For private equity and venture capital investors, Private Equity List Pro costs $99 a month billed yearly and covers 8,139 investor profiles and 875 funds launched in 2026.

### How much does FactSet cost?

FactSet does not publish per-user prices. The median FactSet contract in Vendr's data is $25,160 a year, from $4,200 to $28,179. FactSet reported $2,568.2 million of organic subscription value across more than 260,000 users at 31 August 2026, which averages about $9,900 a user a year.

### Is FactSet cheaper than Bloomberg?

Usually. The typical FactSet contract of $25,160 a year is about $3,000 less than a Bloomberg seat at the multi-terminal rate of $28,320 and about $7,000 less than a single terminal at $31,980. Bloomberg is stronger on live markets and fixed income, FactSet on company research and screening.