Inflation spreads to the financial data industry, with Bloomberg terminals quietly raising prices.

Financial data services are also beginning to feel the pressure of inflation. Following the continued rise in corporate digitalization spending on software, cloud services, and other areas, the cost for financial institutions to acquire professional data and information is also increasing, and Bloomberg's recent price increase is the latest manifestation of this trend.

According to reports, an email Bloomberg sent to customers on Monday indicated that the Bloomberg Terminal subscription price will increase by approximately 3% starting January 1, 2027. Multi-license customers will see an increase of $140 per terminal per month, while single-license customers will see an increase of $155, resulting in annual additional costs of $1,680 and $1,860 respectively.

For existing customers who renew their contracts on or before December 31, 2026, as well as new end-users who install new contracts during the same period, the price increase will be deferred until the next renewal, at which time the new price will be locked in for two years. This means that customers who renew before the end of this year can temporarily lock in the current price.

Rising financial data costs add another layer of cost pressure to institutions.

While the price adjustment isn't significant, the Bloomberg Terminal is a crucial tool for financial institutions such as banks, asset management firms, and hedge funds, and the additional costs faced by institutions with numerous licenses are substantial. Bloomberg stated that the price increase will support the company's continued investment in technology and talent, and further enhance its product capabilities.

At the same time, AI is lowering the barriers to accessing and processing financial data, and institutions are becoming increasingly cost-sensitive to traditionally expensive data services. Bloomberg has incorporated AI features such as chatbots into its terminals in recent years, and the continued rise in terminal prices may further incentivize institutions to seek lower-cost alternatives.

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