Best 6 Financial Statements APIs for Detailed Reporting

July 13, 2023
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Data Specialist Datarade Marketplace

The financial landscape can change without warning. So accessing accurate and up-to-date financial information is crucial for businesses and individuals alike.

With the rise of Application Programming Interfaces (APIs), financial statements can now be easily integrated into various applications and systems.

In this article, we will explore the top financial statements APIs that provide reliable and comprehensive data, empowering users to make informed financial decisions.

Looking for more Financial statements API solutions? Explore our new selection of Best Company Financial Data APIs for 2024.

What are Financial Statements APIs?

Financial statements APIs are application programming interfaces that allow developers to access and retrieve financial data from various sources, such as accounting software or financial databases. These APIs provide a standardized way to interact with financial statement data, enabling developers to integrate this information into their own applications or systems.

By using financial statements APIs, developers can automate the retrieval of financial data, eliminating the need for manual data entry or data extraction. This can save time and reduce errors in financial reporting and analysis.

Financial statements APIs typically provide access to various types of financial statements, such as balance sheets, income statements, and cash flow statements. Developers can retrieve specific financial data points or entire financial statements, depending on their requirements.

These APIs often come with additional functionalities, such as filtering and sorting options, to allow developers to customize the data they retrieve. They may also provide real-time or historical financial data, depending on the capabilities of the underlying data source.

Overall, financial statements APIs simplify the process of accessing and integrating financial data, making it easier for developers to incorporate this information into their applications or systems.

Main Use Cases of financial statements APIs

  1. Financial Analysis: Retrieve financial statements data through APIs to perform in-depth analysis of a company’s financial health, including profitability, liquidity, solvency, and efficiency ratios. This can help investors, analysts, and financial institutions make informed decisions.

  2. Risk Assessment: Utilize financial statements APIs to assess the creditworthiness and risk profile of a company. By analyzing key financial indicators such as debt levels, cash flow, and profitability, lenders and credit agencies can evaluate the likelihood of default and make informed lending decisions.

  3. Benchmarking and Comparison: Compare the financial performance of multiple companies within an industry or across different sectors using financial statements APIs. This allows investors and analysts to identify industry leaders, evaluate market trends, and make investment decisions based on relative performance.

  4. Valuation and Investment Analysis: Access financial statements data via APIs to perform valuation models and investment analysis. By incorporating financial metrics such as earnings per share, price-to-earnings ratio, and return on investment, investors can assess the fair value of a company’s stock and make investment decisions accordingly.

  5. Regulatory Compliance: Financial institutions and regulatory bodies can leverage financial statements APIs to ensure compliance with reporting standards and regulations. By automating the retrieval and analysis of financial data, organizations can streamline their compliance processes and reduce the risk of errors or omissions.

Best Financial Statements APIs - Our top picks

The Best 6 Financial Statements APIs for Detailed Reporting

Financial Modeling Prep offers one of the best financial statements APIs in the market. With a comprehensive set of features, it provides developers with easy access to accurate and up-to-date financial data. Here are some of the notable features:

  1. Financial Statements: The API provides access to a wide range of financial statements, including income statements, balance sheets, and cash flow statements. These statements are crucial for analyzing a company’s financial health and performance.

  2. Historical Data: Financial Modeling Prep offers historical financial data, allowing developers to retrieve financial statements for specific periods. This feature is particularly useful for conducting trend analysis and historical comparisons.

  3. Real-time Updates: The API is designed to provide real-time updates, ensuring that developers have access to the most recent financial data. This feature is essential for making informed investment decisions and staying up-to-date with market trends.

  4. Company Profiles: Financial Modeling Prep provides detailed company profiles, including information such as industry classification, market capitalization, and key financial ratios. These profiles offer valuable insights into a company’s overall performance and position within the market.

  5. Easy Integration: The API is developer-friendly and offers straightforward integration with various programming languages and platforms. It provides clear documentation and code examples, making it easy for developers to implement and utilize the API in their applications.

Pricing

Financial Modeling Prep offers flexible pricing plans to cater to different user requirements. The pricing structure is transparent and affordable, making it accessible to both individual developers and larger organizations. Here are the key pricing details:

  1. Free Tier: Financial Modeling Prep offers a free tier that provides limited access to financial statements and historical data. This option is suitable for developers who want to explore the API’s capabilities or have basic data requirements.

  2. Paid Plans: For users with more extensive data needs, Financial Modeling Prep offers paid plans with additional features and higher data limits. The pricing is based on the number of API calls and the level of data access required. The paid plans are reasonably priced, making them cost-effective for businesses of all sizes.

Financial Modeling Prep stands out as one of the best financial statements APIs available. Its comprehensive set of features, including access to financial statements, historical data, real-time updates, and company profiles, make it a valuable resource for developers in the financial industry.

Finage’s Financial Statements Fundamental Data API offers a rich set of features that empower users to access and leverage critical financial information. Some of the notable features include:

  • Unlimited Access: Users enjoy unrestricted access to the API, allowing them to retrieve financial statements data as needed without any limitations.
  • Economic Calendar: Stay updated with the latest economic events and important dates that impact financial markets.
  • Stock News: Access real-time news articles and updates related to stocks and companies.
  • Company Details: Retrieve comprehensive information about companies, including key metrics, market capitalization, and company statements.
  • Statements: Gain access to essential financial statements such as cash flow, balance sheet, income sheets, and more.
  • Most Gainer, Most Loser & Active Companies: Identify the top performers, underperformers, and actively traded companies in the market.
  • Daily Indicators: Access a wide range of indicators that provide insights into market trends, including sector performance.

These features collectively enable users to perform company valuations, monitor financial calendars, and evaluate enterprise-level valuation.

Pricing

Finage offers flexible pricing options for their Financial Statements Fundamental Data API. The pricing details are as follows:

  • Monthly License: Starting at $199 per month, users can subscribe to the API on a monthly basis, providing them with continuous access to the financial statements data.
  • One-off Purchase: Finage also offers a one-time purchase option; however, the specific pricing details for this option are not provided on their website.
  • Yearly License: Yearly licensing options are not currently available for the Financial Statements API.
  • Usage-based: Finage does not provide usage-based pricing for this API.

For detailed pricing information or to request a custom quote tailored to specific data requirements, users can visit the detailed pricing page on Datarade.

Finage’s Financial Statements Fundamental Data API offers a comprehensive solution for accessing critical financial statements data. With features such as unlimited access, economic calendar, stock news, and company details, the API empowers traders, financial services professionals, and businesses to make informed decisions. The availability of historical data spanning 10 years further enhances its value for analysis and forecasting.

The Company Financials API offered by Unibit provides users with access to a wealth of financial information on various companies. This API covers over 39,000+ companies traded on major exchanges, ensuring a comprehensive dataset for users.

Key Features:

  • Financial Reports: The API offers information covered in financial reports, including income statements, balance sheets, and cash flow statements. These reports reflect the detailed financial information of the companies.
  • Timely Updates: The API is regularly updated based on the company’s earnings announcements and quarterly financial reports. This ensures that users have access to the most recent financial data available.
  • Historical Data: The API includes historical financial statements, encompassing balance sheets, income statements, and cash flow statements, with a coverage of 5 years of data. This enables users to analyze long-term trends and make informed decisions.

Overall, Unibit’s Financial Statements API provides a comprehensive and reliable source of financial information for a wide range of companies. The availability of historical data and timely updates further enhances its usefulness for users in conducting in-depth financial analysis and making informed investment decisions.

Bedrock AI’s Financial Statements API is a top-notch solution for accessing financial data. With its extensive coverage of companies, updated data, and availability of historical information, the API provides users with valuable insights into the financial performance of various organizations.

The API’s ability to provide up-to-date data based on earnings announcements and quarterly reports is crucial for users who require real-time information to make informed investment decisions or conduct financial analysis.

Furthermore, the inclusion of historical financial statements allows for in-depth analysis of a company’s financial health and performance over time. This feature is particularly useful for users who require a long-term perspective to identify trends and patterns.

In conclusion, Bedrock AI’s Financial Statements API is highly recommended for developers, analysts, and businesses seeking reliable and comprehensive financial data. Its extensive features and flexible pricing options make it a standout choice in the market, enabling users to gain valuable insights and make informed financial decisions.

Finnworlds offers one of the best financial statements APIs in the market, providing comprehensive and reliable financial data for companies. The API allows developers to access and integrate financial statement reports directly into their applications, enabling them to make informed decisions and perform detailed analysis.

The general features of Finnworlds Financial Statements API are impressive. It provides access to a wide range of financial statement reports, including balance sheets, income statements, cash flow statements, and more. The API covers a vast number of companies, ensuring that users can retrieve financial data for various industries and regions.

One notable feature of Finnworlds API is its ease of use. The API documentation is well-structured and provides clear instructions on how to integrate and utilize the API effectively. The endpoints are intuitive and well-documented, making it easy for developers to retrieve the desired financial statement reports.

Furthermore, Finnworlds API offers real-time data updates, ensuring that users have access to the most up-to-date financial information. This feature is particularly valuable for users who require accurate and timely data for their financial analysis and decision-making processes.

Pricing

Finnworlds offers flexible pricing plans for their Financial Statements API, catering to the needs of different users. The pricing is based on the number of API calls made, allowing users to choose a plan that aligns with their usage requirements.

The pricing plans are transparent and affordable, making Finnworlds API accessible to both small-scale developers and large enterprises. The company also offers a free trial period, allowing users to test the API and evaluate its capabilities before committing to a paid plan.

The pricing plans offered by Finnworlds are flexible and affordable, ensuring that users can access the API without breaking their budget. The transparent pricing structure and free trial period further enhance the appeal of Finnworlds API.

Overall, Finnworlds Financial Statements API provides a robust solution for integrating financial statement reports into applications, empowering users with accurate and timely financial data. Whether you are a developer building financial analysis tools or a financial professional seeking reliable financial information, Finnworlds API is definitely worth considering.

Tradefeeds offers one of the best financial statements APIs in the market. Their API provides comprehensive and up-to-date financial information on companies, making it an invaluable tool for financial analysts, investors, and researchers.

The API offers a wide range of general features that enhance the usability and effectiveness of the financial statements data. Some of the notable features include:

  • Real-time Updates: Tradefeeds ensures that the financial statements data is constantly updated, providing users with the most recent information available. This real-time feature allows users to make informed decisions based on the latest financial data.

  • Extensive Coverage: The API covers a vast number of companies, including both public and private entities. With access to financial statements of thousands of companies, users can easily compare and analyze the financial performance of different organizations.

  • Data Aggregation: Tradefeeds aggregates financial statements data from various reliable sources, ensuring high data quality and accuracy. This aggregation process saves users valuable time and effort by providing them with a consolidated view of financial information.

  • Easy Integration: The API is designed to be easily integrated into existing systems and workflows. Tradefeeds provides comprehensive documentation and support to facilitate seamless integration, allowing users to quickly access and utilize the financial statements data.

Pricing

Tradefeeds offers flexible pricing options to cater to the diverse needs of its users. The pricing structure is based on factors such as data volume, frequency of access, and additional features required. By offering customizable pricing plans, Tradefeeds ensures that users only pay for the specific data and features they require, optimizing cost-effectiveness.

To get detailed pricing information, users can contact Tradefeeds directly through their website. The pricing model is transparent, and users can expect competitive rates considering the quality and breadth of the financial statements data provided.

Tradefeeds Company Financial Statements API stands out as one of the best options available for accessing comprehensive and reliable financial statements data. With its real-time updates, extensive coverage, data aggregation, and easy integration, the API offers a powerful solution for financial analysis and decision-making.

The API’s ability to provide up-to-date financial information on a wide range of companies makes it an invaluable resource for professionals in various industries. Whether you are a financial analyst, investor, or researcher, Tradefeeds’ API can significantly enhance your ability to analyze and understand the financial performance of companies.