Quick Answer
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Bloomberg Terminal pricing varies by team size and features, ranging from $20K to $32K per user/year in 2026. Your actual cost depends on the tier you choose, contract length, and negotiated discounts.

Use the interactive pricing calculator to estimate your exact cost based on team size and requirements.

  • Free tier: No free tier available
  • Billing: Monthly and annual (save 15-20%)
  • Hidden costs: Add ~35% for implementation, support, and training

Bloomberg Terminal offers 4 pricing tiers: Single Terminal, Multi-Terminal (2+ users), Enterprise, Bloomberg for Education. Standard paid plans include Single Terminal at $2665/user/year, Multi-Terminal (2+ users) at $2360/user/year. The Multi-Terminal (2+ users) plan is small teams and boutique hedge funds.

Compared to other financial data & terminals software, Bloomberg Terminal is positioned at the premium price point.

Last verified: January 2026 | Sources: 15 pricing pages and reviews

Bloomberg Terminal is the financial industry's gold standard for real-time market data, news, analytics, and trading. Used by 350,000+ professionals worldwide, it provides data from 330+ exchanges and the industry-standard IB Chat messaging network.

Pricing starts at $31,980/year for single users, with multi-terminal discounts to $28,320. Enterprise deployments (50+) can negotiate $18,000-$20,000/user. All require 2-year minimum commitment.

While expensive, Bloomberg's unmatched data breadth, fastest news service, and network effects justify the premium over alternatives like FactSet ($12,000-$50,000/year).

All Bloomberg Terminal Plans & Pricing

Plan Monthly Annual Best For
Single Terminal $2665 /user/year $31980 /user/year Individual analysts, traders, or portfolio managers
Multi-Terminal (2+ users) $2360 /user/year $28320 /user/year Small teams and boutique hedge funds
Enterprise Contact Contact Large institutions with 10+ terminals
Bloomberg for Education Contact Contact Universities and business schools
View all features by plan

Single Terminal

  • Full Bloomberg Terminal access
  • Real-time market data across all asset classes
  • Bloomberg News and research
  • Bloomberg Anywhere mobile access
  • IB Chat messaging with 350,000+ professionals
  • Excel Add-in for data extraction
  • Portfolio and risk analytics
  • 24/7 global support

Multi-Terminal (2+ users)

  • All Single Terminal features
  • ~11% volume discount
  • Shared messaging and collaboration
  • Centralized billing

Enterprise

  • Volume pricing ($18,000-$22,000/user/year)
  • B-PIPE market data feed
  • SAPI API access
  • Bloomberg Vault compliance
  • MARS risk system

Bloomberg for Education

  • Full Terminal on campus
  • BMC certification included
  • Significant academic discounts
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Hidden Costs to Budget For

Watch for 8 hidden costs
  • Exchange Data Fees ($600-$6,000+/year per user)
  • B-PIPE/SAPI API Licensing ($50,000-$200,000+/year)
  • Bloomberg Vault Compliance ($25,000-$100,000+/year)
  • MARS Risk System ($75,000+/year)
  • Hardware Setup ($2,000-$8,000)
  • Second Terminal only ~11% off (not 50%)
  • Early Termination: 50% of remaining contract
  • BMC Training: $140 without subscription
Tip

Ask your Bloomberg Terminal sales rep about these costs upfront. Getting them in writing before signing can save you from surprise charges later.

Full hidden costs breakdown →

Frequently Asked Questions

01 How much does Bloomberg Terminal cost?

Bloomberg Terminal costs approximately $31,980 per year ($2,665/month) for a single terminal. Multi-terminal subscriptions (2+ users) are $28,320/terminal/year. Enterprise customers can negotiate $18,000-$22,000/user/year. All require 2-year minimum commitment.

02 Is there a free trial of Bloomberg Terminal?

No free trial available. Bloomberg offers personalized demos through sales. Students can access terminals free at 300+ university campus labs worldwide.

03 Bloomberg vs FactSet: How do they compare?

Bloomberg ($28,000-$32,000/user/year) costs more than FactSet ($12,000-$50,000/user/year). FactSet is 40-60% cheaper with modular pricing. Bloomberg offers superior real-time data and the industry-standard messaging network.

04 What is the minimum contract length?

2-year minimum commitment. Auto-renews unless terminated with 60 days notice. Early termination incurs 50% penalty of remaining charges.

05 Is there student or academic pricing?

Yes. Universities get significant discounts (e.g., 16 terminals for ~$100K/year vs $450K at standard rates). Students access campus terminals free with BMC certification included.

06 What data is included vs extra?

Base includes real-time data from 330+ exchanges, Bloomberg News, financials, analytics. Extra costs: premium exchange feeds, B-PIPE/SAPI API, Vault compliance, MARS risk system.

07 How much does Bloomberg API access cost?

B-PIPE and SAPI are enterprise products, typically $50,000-$200,000+/year depending on data volume and requirements.

08 Does Bloomberg work with Excel?

Yes, the Excel Add-in is included with all subscriptions. Pull real-time and historical data using BDH, BDP, BDS functions.

09 What is BMC certification?

Bloomberg Market Concepts is an 8-hour certification on economics, currencies, fixed income, equities. Free with Terminal access; $140 without.

10 How to negotiate Bloomberg pricing?

Bloomberg rarely discounts. Strategies: multi-year commitments (5-10% savings), volume bundling, negotiate at fiscal year-end (December), get competing FactSet/Refinitiv quotes.

11 What is the cancellation policy?

Contracts are non-cancelable for 2-year term. Early termination requires 60 days notice plus 50% of remaining charges.

12 What are volume discounts?

2-10 terminals: $28,320/user (11% off). 10-50 terminals: $20,000-$24,000/user. 50+ terminals: $18,000-$20,000/user.