Refinitiv
Refinitiv (now LSEG Data & Analytics) provides financial markets data, analytics, and workflow solutions, including the LSEG Workspace terminal, Reuters News, and ESG/compliance data products, serving over 40,000 financial institutions and 400,000 end users across approximately 190 markets globally.
- Company typePrivate
- Founded2018
- HeadquartersAllen, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingSoftware
What Refinitiv does
Refinitiv was a financial markets data and infrastructure provider that operated the Refinitiv Eikon terminal, DataScope Select, Datastream, and an extensive portfolio of market data, ESG, pricing, and KYC/AML products before being acquired by London Stock Exchange Group for approximately $27 billion in 2021. Following the acquisition, the business operates as LSEG Data & Analytics, with the Refinitiv brand subsequently retired and the Eikon terminal rebranded as LSEG Workspace.
The company's technology stack centers on an AI-powered analytics platform that orchestrates Large Language Models to transform vast real-time financial data into actionable insights, delivered through LSEG Workspace as the primary workflow interface. The architecture follows a platform-plus-modules model: Workspace serves as the interoperable front end, supplemented by DataScope Select, Datastream, Market Data, Pricing Data, ESG Data, and REDI EMS modules. Exclusive distribution rights to Reuters News provide a 170-year content library. A flagship strategic partnership with Microsoft supports cloud-based, AI-ready infrastructure under the 'LSEG everywhere' AI strategy. Subsidiaries include Reuters News, LSEG Workspace (formerly Refinitiv Eikon), FTSE Russell indices, and GIACT Systems for identity verification.
The business model is built on recurring subscription revenue from financial institutions, asset managers, and corporates, with terminal pricing for LSEG Workspace reportedly ranging from $22,000 to $32,000 per seat annually based on third-party comparisons. Go-to-market relies on enterprise field sales teams with dedicated regional contacts across the Americas, EMEA, and APAC, complemented by self-serve product login portals for existing customers. The platform serves over 40,000 customers and 400,000 end users across approximately 190 markets, generating recurring revenue that accounts for nearly half of LSEG group revenue, with industry-benchmark gross margins of 70-85% and client retention rates above 90%.
Refinitiv firmographics
Firmographics- Name
- Refinitiv
- Legal name
- London Stock Exchange Group plc
- Website
- https://refinitiv.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Refinitiv (now LSEG Data & Analytics) provides financial markets data, analytics, and workflow solutions, including the LSEG Workspace terminal, Reuters News, and ESG/compliance data products, serving over 40,000 financial institutions and 400,000 end users across approximately 190 markets globally.
- Ownership category
- akta.pro rank
Refinitiv industry classification
Industry- Product category
- Financial Market Data & Analytics
- NAICS
- Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Real-Time Market Data Feeds & Terminals (FSAFAIAA)
- akta.pro secondary industry
- Regulatory Reporting & Compliance Automation (FinCEN/CTR/SAR, EMIR/MiFID, etc.) (FSAGAFAG)
Keywords
Where Refinitiv is headquartered
LocationHeadquarters
- HQ city
- Allen
- HQ country
- United States
- HQ region
- North America
Markets served
Refinitiv business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Financial Data & Analytics Subscriptions: LSEG's Data & Analytics segment generates recurring subscription revenue from financial institutions, asset managers, and corporations. This includes terminal access fees for LSEG Workspace (formerly Refinitiv), data feed subscriptions, and analytics platform licenses. The segment generates nearly half of LSEG's total revenue.
- Data Feeds & Market Data Services: Revenue from distribution of real-time and delayed market data feeds, pricing data, ESG data, and specialized data products to financial professionals.
- Analytics & Workflow Solutions: AI-powered analytics platform and workflow solutions including custom analytics, benchmarking, and professional consulting services for enterprise customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | LSEG Workspace (Refinitiv Eikon) - Enterprise Terminal |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Refinitiv product offering
Product offeringCore offering
Refinitiv, operating as LSEG Data & Analytics, is a global provider of financial markets data and infrastructure, serving over 40,000 customers and 400,000 end users across approximately 190 markets. It delivers real-time market data feeds, AI-powered analytics, exclusive Reuters news, and workflow solutions through the LSEG Workspace platform for trading, investment research, risk management, and regulatory compliance.
Product overview
LSEG Data & Analytics (formerly Refinitiv) operates as a platform-plus-modules architecture offering the LSEG Workspace as its primary workflow interface. The core platform is complemented by specialized data and analytics modules including Data & Feeds (market data and feeds), Analytics (AI-powered analytics), and the exclusive Reuters News service. Additional modules include DataScope Select, Datastream, ESG Data, Market Data, Pricing Data, REDI EMS, and World-Check for KYC/AML compliance. The platform serves over 40,000 customers across approximately 190 markets with data, feeds, analytics, AI, and workflow solutions.
Differentiator
Problem solved
Functional benefit
Brands
- LSEG Workspace: AI-powered analytics and workflow platform for financial professionals
- Reuters News
- LSEG Analytics Solutions
- Data & Feeds
- GIACT Systems
Products and services
- LSEG Data & Analytics Comprehensive suite of financial markets data, feeds, analytics, AI, and workflow solutions for financial institutions, asset managers, and corporations across approximately 190 markets.
- LSEG Workspace Open ecosystem workflow solution providing interoperable and collaborative workflows, combining unique insights, Reuters news, and cutting-edge analytics for financial professionals.
- Data & Feeds
Quantifiable outcome
- 70-85% gross margins and 90%+ client retention rates typical for financial data providers in this segment
Companies that use Refinitiv
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Refinitiv technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability8 records
Feature4 records
Refinitiv partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- MicrosoftflagshipLSEG's strategic partnership with Microsoft is reshaping how financial services are built, delivered, and experienced. Guided by the 'LSEG everywhere' AI strategy, they are creating next-generation AI-ready data, analytics, and cloud infrastructure solutions that empower customers to make more possible. This partnership represents a core strategic initiative for delivering cloud-based financial data solutions.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Refinitiv competitors and assessment
Company assessmentBroad incumbents
- MSCI: MSCI provides indices, portfolio construction, ESG, and risk analytics for institutional investors, overlapping with LSEG's FTSE Russell indices and ESG data franchises. It is a broader data-and-analytics incumbent rather than a terminal competitor.
- ICE (Intercontinental Exchange): ICE operates major exchanges and a growing fixed-income data and analytics franchise (including ICE Data Services), serving many of the same institutional customers as Refinitiv. It is a broader incumbent with overlapping capabilities in market data, indices, and connectivity rather than a specialist terminal.
- Nasdaq (Market Data + Quandl): Nasdaq operates exchanges and a Market Data + Alternative Data business (including Quandl) that overlaps with LSEG Data & Analytics on feeds, indices, and analytics sold to institutional investors and corporates.
- Moody's: Moody's is a large incumbent in financial data and analytics with credit ratings, risk solutions, and entity data (Bureau van Dijk), serving banks, insurers, and corporates that also use Refinitiv data and analytics. It competes on entity, KYC, and risk data rather than the core terminal experience.
Direct peers
- FactSet: FactSet is a direct competitor in portfolio analytics, market data, and workstation solutions for asset managers, hedge funds, and investment bankers. Its integrated workstation and analytics offering overlaps heavily with LSEG Workspace's investor workflow use cases.
- Bloomberg: Bloomberg Terminal is the dominant financial-market data and analytics terminal with ~33% market share, directly competing with LSEG Workspace (Refinitiv) on real-time market data, news, analytics, and workflow tools for the same institutional buy-side and sell-side customers.
- Morningstar: Morningstar provides investment data, analytics, and portfolio tools for advisors, asset managers, and asset owners with comparable terminal-style offerings. Its direct overlap with LSEG Workspace in fund data, equity research, and portfolio analytics makes it a natural direct peer.
- Dun & Bradstreet: Dun & Bradstreet is a direct competitor in entity data, corporate hierarchy, and KYC/AML-adjacent datasets via its WorldBase platform, serving the same compliance, counterparty-risk, and master-data use cases as LSEG's DataScope and entity data services.
- S&P Global Market Intelligence: S&P Capital IQ Pro is a head-to-head competitor in fundamental data, transcripts, estimates, and analytics for investment research and corporate strategy teams. The Capital IQ platform competes directly with Workspace in the financial-terminal category where Refinitiv holds ~20% share vs. S&P's ~6%.
Emerging players
- AlphaSense: AlphaSense is a fast-growing AI-powered market intelligence platform for corporate strategy, consulting, and investment research, competing with Refinitiv's AI analytics and Workspace experiences for a share of research and decision-support budgets.
Market position
Strengths3 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Refinitiv social profiles
Digital presenceRefinitiv financial estimates
Financial estimateRevenue estimate
Valuation estimate
Refinitiv leadership team
Management profileNumber of profiles
Profiles13 records
Refinitiv subsidiaries and ownership
Company hierarchySubsidiaries3 records
Refinitiv funding detail
Funding detailFunding overview
Funding rounds1 record
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Refinitiv M&A and investment
M&A and investmentM&A5 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Refinitiv
What does Refinitiv do?
Refinitiv, operating as LSEG Data & Analytics, is a global provider of financial markets data and infrastructure, serving over 40,000 customers and 400,000 end users across approximately 190 markets. It delivers real-time market data feeds, AI-powered analytics, exclusive Reuters news, and workflow solutions through the LSEG Workspace platform for trading, investment research, risk management, and regulatory compliance.
Is Refinitiv a public or private company?
Refinitiv is a private company. It is classified as corporate owned and is currently operating.
When was Refinitiv founded?
Refinitiv was founded in 2018. It employs 5,001 to 10,000 people.
Where is Refinitiv based?
Refinitiv is headquartered in Allen, United States, in the North America region.
How does Refinitiv make money?
Three revenue lines are on record. Financial Data & Analytics Subscriptions are the primary driver. The others are data Feeds & Market Data Services and analytics & Workflow Solutions.
Who are Refinitiv's main competitors?
Broad incumbents on record are MSCI, ICE (Intercontinental Exchange), Nasdaq (Market Data + Quandl) and Moody's. Direct peers are FactSet, Bloomberg, Morningstar, Dun & Bradstreet and S&P Global Market Intelligence. AlphaSense is listed as an emerging player.
Does Refinitiv have an API?
No public API is recorded for Refinitiv.
What industry is Refinitiv in?
Refinitiv's product category is Financial Market Data & Analytics. Its primary akta.pro industry code is FSAFAIAA, Real-Time Market Data Feeds & Terminals, with a secondary code of FSAGAFAG, Regulatory Reporting & Compliance Automation (FinCEN/CTR/SAR, EMIR/MiFID, etc.). Its NAICS code is 541511 and its SIC code is 7370.