Guides
Bloomberg Terminal Cost in 2026 and the 2027 Price Increase
A Bloomberg Terminal costs $31,980 a year ($2,665 a month) for a single seat in 2026, and $28,320 a year ($2,360 a month) per seat at locations with two or more terminals, according to Bloomberg's client letter on the current rates (NeuGroup). From January 1, 2027, those prices rise to $33,840 and $30,000 a year. Subscriptions run on two-year terms, so one new single seat installed in 2027 is a $67,680 commitment (our arithmetic).
Bloomberg does not publish a price list. The figures below come from Bloomberg's own client letters and emails, as reported by NeuGroup, a treasury and finance peer network, and by ZeroHedge, and we show where each number comes from.
Research stocks without a two-year terminal contract. Market Terminal shows real-time breakouts, setups and movers, plus institutional, insider and Congress activity. Starting at $99/month, with a free trial for 2 weeks. Cancel anytime.
Educational note: Educational content only — not investment advice. No earnings claims are being made, any results shown are not typical, and no investment advice is being given. Trading involves substantial risk of loss. Past performance does not guarantee future results. Examples are selected for education and don't represent typical results. We provide screening and charting tools and general market research, not recommendations to buy or sell any security.
Disclosure: Market Terminal sells a lower-cost research terminal for individual investors. We compare it with Bloomberg later in this article and say where Bloomberg is the better choice.
How we researched this: our research team re-read Bloomberg's 2023 and 2025 client letters as reported by NeuGroup, and the full text of the 2027 client email as published by ZeroHedge and summarized by Tiger Brokers' news service, on October 29, 2026. Retail competitor prices were checked on each vendor's own pricing page on the same date. Monthly-to-annual conversions, percentage changes, two-year totals, savings and cost-share figures are our own arithmetic from those sourced numbers.
Key Takeaways
- 2026 price: $31,980 a year for a single seat and $28,320 a year per seat with two or more seats, on a two-year term.
- From January 1, 2027: $33,840 a year for a single seat ($2,820 a month) and $30,000 per seat for multiple seats ($2,500 a month).
- The jump at renewal is about 5.8% to 5.9%. Bloomberg's "2.97%" figure is that jump averaged over the two-year term.
- Subscriptions that renew or are installed by December 31, 2026 keep today's price until their next renewal, which is $3,720 less on a single seat over two years.
- Entry retail research plans run from about $13 to $99 a month. Bloomberg remains the standard for bonds, its trader chat network and its newsroom.
Table of contents
- How much does a Bloomberg Terminal cost in 2026?
- What will a Bloomberg Terminal cost in 2027?
- Is the 2027 increase 3% or 6%?
- Should you renew before December 31, 2026?
- How has the Bloomberg Terminal price changed over time?
- Why do articles quote different Bloomberg prices?
- What does the price include, and what costs extra?
- Does an individual investor need a Bloomberg Terminal?
- What are the best Bloomberg Terminal alternatives for individual investors?
- Market Terminal vs Bloomberg Terminal: what's the difference?
- The bottom line
- Frequently asked questions
How much does a Bloomberg Terminal cost in 2026?
A Bloomberg Terminal costs $2,665 a month for a single-license location and $2,360 a month per terminal at locations with multiple licenses. NeuGroup reported that the monthly charge for clients with more than one terminal rose to $2,360, "$28,320 a year", and that "the annual cost for users with one Terminal will rise to $31,980" (NeuGroup).
| Seat type | Per month | Per year | Two-year term (our arithmetic) |
|---|---|---|---|
| Single license (one terminal at a location) | $2,665 | $31,980 | $63,960 |
| Multiple licenses (per terminal, 2+ at a location) | $2,360 | $28,320 | $56,640 |
Three things about the contract matter as much as the price:
- Two-year terms. "All Bloomberg Terminals are leased in two-year cycles" (Wikipedia), and Bloomberg's 2027 email says each increase stays in place for two years.
- No discount for one seat. A single terminal pays the highest rate. Vendr, a software-purchasing service, notes that "single-terminal purchases receive no volume consideration and pay the highest per-unit rates" (Vendr).
- Install date sets the price. A NeuGroup member explained that "pricing is determined by the install date", so a contract signed in December for a terminal installed in January is billed at the new year's rate (NeuGroup, 2022).
What will a Bloomberg Terminal cost in 2027?
From January 1, 2027, a single-license terminal costs $2,820 a month ($33,840 a year) and a multi-license terminal costs $2,500 a month ($30,000 a year). Those totals are the current rates plus the increases in Bloomberg's client email, which ZeroHedge published on September 15, 2026 (ZeroHedge). Tiger Brokers' news service reported the same $140 and $155 increases (Tiger Brokers). The email reads:
"Starting January 1, 2027, Bloomberg Terminal subscriptions will see a price increase of $140 per month per subscription for client locations with multiple licenses, and a price increase of $155 per month for client locations with a single license. When these increases take effect, they stay in place for two years. The average annual increase for the two-year term is 2.97%"
| Seat type | 2026 price | From Jan 1, 2027 | Change | Two-year term at 2027 rate |
|---|---|---|---|---|
| Single license | $2,665/mo · $31,980/yr | $2,820/mo · $33,840/yr | +$155/mo (+5.8%) | $67,680 |
| Multiple licenses (per seat) | $2,360/mo · $28,320/yr | $2,500/mo · $30,000/yr | +$140/mo (+5.9%) | $60,000 |
The 2027 columns, percentages and two-year totals are our arithmetic from the sourced monthly figures. Bloomberg has not posted these prices on its website, and its product page shows no pricing at all (Bloomberg Professional). Treat them as reported list prices and confirm your own quote.
Is the 2027 increase 3% or 6%?
At renewal, the price goes up about 5.9% for a multi-license seat and 5.8% for a single seat (our arithmetic from the reported increases). The "2.97%" in Bloomberg's email is the average yearly increase over the two-year term that the new price covers.
The arithmetic: a multi-license seat goes from $2,360 to $2,500 a month, a 5.93% jump. Averaged over two years, that is 2.97% a year, the figure Bloomberg's email quotes. ZeroHedge's write-up calls it "about a 3% price hike" (ZeroHedge), which is true only as a yearly average. What a renewing client pays per month goes up by close to 6%.
Should you renew before December 31, 2026?
For anyone who already plans to keep a terminal, renewing or installing by December 31, 2026 keeps today's price until the next renewal. Bloomberg's email says that "existing subscriptions that renew on or before December 31, 2026 (and new Bloomberg Terminal subscriptions installed on or before the same date) will not see a price increase until their renewal date, as it occurs, in the following two years" (ZeroHedge).
| Seat type | Difference per month | Difference over a two-year term (our arithmetic) |
|---|---|---|
| Single license | $155 | $3,720 |
| Multiple licenses (per seat) | $140 | $3,360 |
Because the install date sets the price, a contract signed in December with an installation in January may be billed at the 2027 rate. Confirm the install date in writing with your Bloomberg representative.
How has the Bloomberg Terminal price changed over time?
At the reported January 1, 2027 rate, the single-seat price will be about 22% above the implied pre-2023 price, rising from roughly $27,660 to $33,840 a year (our arithmetic). Bloomberg raises prices every two years, announces each increase to clients in a letter or email, and its letters link the increase to global inflation.
| Price period | Single license | Multiple licenses (per seat) | Source |
|---|---|---|---|
| Before 2023 (implied) | ~$2,305/mo · ~$27,660/yr | ~$2,020/mo · ~$24,240/yr | 2023 rate minus the $195 increase (our arithmetic) |
| 2023–2024 | $2,500/mo · $30,000/yr | $2,215/mo · $26,580/yr | NeuGroup, 2022 letter |
| 2025–2026 | $2,665/mo · $31,980/yr | $2,360/mo · $28,320/yr | NeuGroup, 2024 letter |
| From Jan 1, 2027 | $2,820/mo · $33,840/yr | $2,500/mo · $30,000/yr | ZeroHedge, 2026 email |
The pre-2023 row is implied, not reported. Bloomberg's 2022 letter says "the price increase in nominal terms will be $195 per month per subscription" for both seat types, and gives the increases as "9.65% for locations with multiple licenses (8.46% for single subscriptions)" (NeuGroup, 2022). Subtracting $195 gives $2,305 and $2,020, and $195 is 8.46% and 9.65% of those, so the implied figures match the letter's own percentages.
The dollar increase per single seat has shrunk each cycle, from $195 a month in 2023 (NeuGroup, 2022) to $165 in 2025 (our arithmetic from NeuGroup) and $155 in 2027 (ZeroHedge), while the price itself keeps climbing.
Why do articles quote different Bloomberg prices?
Most of the conflicting numbers online are older rates, not errors. The table below traces the figures you are most likely to see.
| Figure you may see | Where it appears | What it actually is |
|---|---|---|
| "$24,000 to $27,000 per terminal" or "approximately $2,000 per month per terminal" | Vendr | Roughly the pre-2023 rates, three price cycles old |
| "$24K/year" | AlphaSense (which sells a competing research platform) | The pre-2023 multi-seat rate |
| "Around $24,000 per user or $27,000 per year" for one terminal | Wikipedia | The pre-2023 rates |
| "$31,990 per year" | ZeroHedge article text | A typo for $31,980; the email itself quotes only monthly increases |
| "About a 3% price hike" | ZeroHedge and Tiger Brokers | The yearly average; the jump at renewal is about 5.9% |
| "Median buyer pays $1,108 per year" | Vendr headline | Vendr's figure across Bloomberg purchases, not a terminal seat; the same page quotes $24,000–$27,000 per terminal |
What does the price include, and what costs extra?
The subscription covers the terminal software, Bloomberg's news, analytics and messaging network. Some data and delivery options are separate.
- Exchange fees. "Many exchanges charge their own additional fees for access to real time price feeds across the terminal" (Wikipedia). Ask Bloomberg for a quote that lists the exchanges you need.
- Data feeds for software. Bloomberg's data licenses and its B-PIPE market data feed are separate products. NeuGroup reported that Bloomberg's 2025 increase "also applies to Bloomberg data licenses and real-time data service offerings", including B-PIPE (NeuGroup).
- Bloomberg Anywhere. This is a way to reach your subscription from other computers, not a cheaper version of the terminal. Wikipedia describes it as "an extra service" that lets the terminal software "connect via internet/IP, or Web access via a Citrix client" (Wikipedia). Ask whether it is priced separately in your quote.
Early exit terms are not public. Get them in writing before you sign a two-year term.
Does an individual investor need a Bloomberg Terminal?
Most individual stock investors do not. A single seat in 2027 costs $33,840 a year (our arithmetic from the 2027 email). The hypothetical table below shows that fee as a share of different account sizes, next to a $99-a-month research tool ($1,188 a year).
| Hypothetical account size | Bloomberg 2027 single seat ($33,840/yr) as % of account | A $99/month tool ($1,188/yr) as % of account |
|---|---|---|
| $50,000 | 67.7% | 2.4% |
| $100,000 | 33.8% | 1.2% |
| $250,000 | 13.5% | 0.5% |
| $500,000 | 6.8% | 0.2% |
Hypothetical performance disclosure: This calculation is hypothetical and for educational purposes only. Hypothetical results have inherent limitations, are prepared with hindsight, involve no financial risk, and do not represent actual trading. Actual results will vary. No representation is made that any account will achieve similar profits or losses.
A terminal makes sense when the work depends on Bloomberg's institutional features: pricing bonds, using the IB chat network that trading desks use to talk to each other, or reading Bloomberg's newsroom the moment a story breaks. Bloomberg's own pitch for the chat network is that "anyone who's anyone in financial services connects with clients, counterparties and colleagues on Instant Bloomberg" (Bloomberg Professional). For research on US stocks alone, much of what the seat pays for goes unused.
There is also a free way to try one. University libraries such as Boston University's keep terminals for students, and BU's library points alumni and visitors to the Boston Public Library's Kirstein Business Library & Innovation Center (Boston University Libraries).
What are the best Bloomberg Terminal alternatives for individual investors?
For stock research, the retail tools in the table below each cover part of the terminal, with entry plans from about $13 to $99 a month on their own pricing pages. The professional-platform figures below are secondhand benchmarks or a UK government listing, rather than verified current US provider quotes.
| Tool | Price (USD unless stated) | Best for | Source |
|---|---|---|---|
| TradingView | Free; paid plans $12.95–$199.95/mo billed annually (shown as special prices) | Charting, technical analysis, alerts | tradingview.com/pricing |
| Koyfin | Free; Plus $39/mo, Premium $79/mo; advisor plans $209–$299/mo (paid prices billed annually) | Fundamentals, charts and dashboards | koyfin.com/pricing |
| Finviz Elite | $39.50/mo or $299.50/yr | Screening with real-time quotes | finviz.com/elite |
| Fiscal.ai | Free; Pro $39/mo yearly or $49 monthly; Max $79/mo yearly or $99 monthly | Company financials and AI research | fiscal.ai/help |
| OpenBB | Free community edition; Lite team license $2,400/yr | Open-source data workspace for technical users | openbb.co/pricing |
| Market Terminal | From $99/mo after a 14-day free trial | Real-time breakouts, setups and movers, plus institutional, insider and Congress activity | marketterminal.com |
| LSEG Workspace / Eikon | Koyfin reports Eikon at upwards of $22,000/yr; not a verified current Workspace quote | Professional multi-asset data | Koyfin, citing Investopedia |
| FactSet | Koyfin reports $12,000/yr; not a verified current provider quote | Professional research and analytics | Koyfin |
| S&P Capital IQ Pro | Not published in the US; a UK government listing shows £55,000 a user a year | Company and deal data | UK Digital Marketplace |
Retail prices checked October 29, 2026 on each vendor's own page. The LSEG and FactSet figures come from Koyfin's alternatives guide, and Koyfin sells a competing research platform.
Which tool covers which part of the terminal?
Map the work you actually do to a tool, rather than looking for one product that copies everything:
- Finding stocks as they move: a real-time scanner or screener, such as Finviz Elite. Our guide to finding breakout stocks with volume shows a process.
- Following institutions and insiders: SEC Form 13F and Form 4 filings are public. Our guides to reading Form 13F and reading SEC Form 4 explain what each one shows, and the stock research checklist shows where they fit.
- Charting: TradingView is the charting specialist on this list.
- Fundamentals and valuation: Koyfin and Fiscal.ai.
- Screening: a screener narrows thousands of stocks to a short list. Our stock screener guide walks through it.
- Earnings dates: an earnings calendar replaces the terminal's event screens for most stock investors; see how to use an earnings calendar.
- Bloomberg's IB network and newsroom: these are distinct parts of Bloomberg's own offering; compare required bond-data coverage separately.
Market Terminal vs Bloomberg Terminal: what's the difference?
Market Terminal is built for individual stock investors, starting at $99 a month instead of $2,665 (NeuGroup). Bloomberg is built for institutions and covers far more asset classes.
| Bloomberg Terminal | Market Terminal | |
|---|---|---|
| Price | $2,665/mo single seat in 2026; $2,820/mo from 2027; two-year term | Starting at $99/month; 14-day free trial; cancel anytime (homepage) |
| Built for | Banks, funds, trading desks, corporate treasury | Individual investors and traders |
| Real-time breakouts, setups, movers | Through screens you build yourself | Built in, with a real-time screener |
| Institutional, insider and Congress activity | Available | Shown on each stock's summary page |
| AI assistant | ASKB, a conversational AI interface (Bloomberg) | More than 30 AI agents (Market Terminal AI) |
| Market calendars | Yes | Earnings, dividend and economic calendars (earnings calendar) |
| Bonds and rates | Industry standard | Not covered |
| Messaging network (IB chat) | Yes | No |
| Proprietary newsroom | Bloomberg News | No |
If the job needs bond pricing, the dealer chat network or Bloomberg News as it breaks, the Bloomberg seat is the better choice. For stock research, Market Terminal's starting price is under 1/28th of the 2027 single-seat price (our arithmetic: $33,840 ÷ $1,188 = 28.5).
The bottom line
A Bloomberg Terminal costs $31,980 a year for one seat today and $33,840 from January 1, 2027, on a two-year term, based on Bloomberg's client letters as reported by NeuGroup and ZeroHedge. Renewing or installing by December 31, 2026 keeps the current price for the next term, a $3,720 difference on a single seat. For stock research alone, entry retail plans from about $13 to $99 a month cover much of what an individual would use a terminal for.
See every stock in one view. Market Terminal's stock summary puts the price chart, financials, institutional activity, insider trades and Congress activity on one page. Starting at $99/month, 14-day free trial, cancel anytime.
Frequently asked questions
Is there a free version of the Bloomberg Terminal?
No. There is no free version of the terminal itself. Some libraries let people use one: Boston University keeps terminals for students and points alumni and visitors to the Boston Public Library's Kirstein Business Library & Innovation Center (Boston University Libraries).
Can an individual buy a Bloomberg Terminal?
Yes. An individual with one terminal pays the single-license rate, which is $31,980 a year in 2026 (NeuGroup) and $33,840 from 2027 (our arithmetic from the 2027 email), on a two-year term. There is no published personal plan.
How much is a Bloomberg Terminal per month?
$2,665 a month for a single seat in 2026, or $2,360 per seat with two or more seats (NeuGroup). From January 1, 2027, adding the reported $155 and $140 increases gives $2,820 and $2,500 a month (ZeroHedge).
Why is the Bloomberg Terminal so expensive?
Bloomberg sells to institutions and links its increases to inflation: "This is consistent with Bloomberg's historical practice and links our price increase to global inflation," its 2022 letter says (NeuGroup, 2022). Its 2026 email adds that "we continue to invest in technology and talent" (ZeroHedge).
Does the price include real-time market data from every exchange?
Not always. "Many exchanges charge their own additional fees for access to real time price feeds across the terminal" (Wikipedia). Ask Bloomberg for a quote that lists the exchanges you need.
Sources
- NeuGroup, "Bloomberg Terminals: How Much More You'll Pay Next Year" (October 9, 2024)
- NeuGroup, "Bloomberg Terminal Inflation: ~9% Price Hike on Jan. 1, 2023" (August 26, 2022)
- ZeroHedge, "Bloomberg Terminal Hikes Prices As Inflation Hits Wall Street's Data Bills" (September 15, 2026)
- Tiger Brokers, "Inflation Reaches Financial Data Services as Bloomberg Terminal Fees Rise Quietly"
- Koyfin, "Best Bloomberg Terminal Alternatives in 2026" (Koyfin sells a competing platform)
- Wikipedia, "Bloomberg Terminal"
- Bloomberg Professional, Bloomberg Terminal product page
- Vendr, Bloomberg pricing page
- AlphaSense, "7 Alternatives to Bloomberg Terminal for 2026"
- Boston University Libraries, "Business Tutorial: Bloomberg"
- UK Digital Marketplace, S&P Capital IQ Pro G-Cloud listing
- Vendor pricing pages, checked October 29, 2026: TradingView, Koyfin, Finviz, Fiscal.ai, OpenBB
- Market Terminal homepage (features and pricing)
- Market Terminal disclaimer
Related research guides
- Stock Research Checklist: 9 Steps for Better Due Diligence
- How to Use a Stock Screener: 7-Step Guide
- How to Read Form 13F: Institutional Ownership Guide
- How to Find Breakout Stocks: A 7-Step Volume Guide
Risk disclosure. Trading and investing involve substantial risk of loss and are not suitable for everyone. Results shown are not typical; individual results vary. Many traders experience losses. Never trade with money you can't afford to lose.
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