Private company

Bloomberg L.P.

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

American financial, software, data, and media company

Bloomberg L.P. is an American privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.2 It employed about 20,000 people in 2019.1 Its revenue was $10 billion in 2019.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Oct 1, 1981Founded1
  • Industrymedia industry1
  • HeadquartersNew York City1
  • Founded inNew York City1
  • Websitewww.bloomberg.com
  • Legal formlimited partnership1
  • Kind of organizationLimited partnership1
  • LEI549300B56MD0ZC402L063
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressC/O Corporation Service Company, 19808 Wilmington, United States3
  • Registered withDivision of Corporations, Department of State, 21102343
Bloomberg in London
Photo: Kowarisuki, CC BY-SA 3.0, via Wikimedia Commons6

Bloomberg L.P. is an American privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.2

Corporate structure

Bloomberg L.P. is part of a group headed by Bloomberg Inc. 35 entities, 14 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Bloomberg Inc New York, New York, United States
    • Bloomberg L.P. New York, New York, United States
      • Bloomberg Industry Group Subsidiary · Arlington County
      • Bloomberg News Subsidiary · New York City
      • Bloomberg Australia Pty Ltd Subsidiary · Sydney, Australia
      • BLOOMBERG BETA 2016 L.P. Subsidiary · New York, New York, United States
      • BLOOMBERG BETA OPPORTUNITIES 2022 L.P. Subsidiary · New York, New York, United States
      • Bloomberg Data Management Services Limited Subsidiary · Dublin, Ireland
      • Bloomberg Data Management Services UK Ltd Subsidiary · London, United Kingdom
      • Bloomberg Data Reporting Services B.V. Subsidiary · Amsterdam, Netherlands
      • Bloomberg Data Reporting Services Limited Subsidiary · London, United Kingdom
      • Bloomberg Finance L.P. Subsidiary · New York, New York, United States
      • Bloomberg Finance Singapore L.P. Subsidiary · Singapore, Singapore
      • Bloomberg Global Markets Services LLC Subsidiary · New York, New York, United States
      • Bloomberg Index Services Limited Subsidiary · London, United Kingdom
      • Bloomberg Korea Limited (블룸버그코리아(유)) Subsidiary · 서울, South Korea
      • Bloomberg SEF LLC Subsidiary · New York, New York, United States
      • Bloomberg Television Subsidiary · United States
      • Bloomberg Tradebook (Bermuda) Ltd. Subsidiary · Hamilton, Bermuda
      • Bloomberg Tradebook Australia Pty Ltd Subsidiary · Sydney, Australia
      • Bloomberg Tradebook Canada Company Subsidiary · Halifax, Nova Scotia, Canada
      • Bloomberg Tradebook do Brasil Ltda. Subsidiary · Sao Paulo, Brazil
      • Bloomberg Tradebook Europe Limited Subsidiary · London, United Kingdom
      • Bloomberg Tradebook Hong Kong Limited Subsidiary · Hong Kong, Hong Kong
      • Bloomberg Tradebook Japan Limited (ブルームバーグ・トレードブック・ジャパン証券株式会社) Subsidiary · 千代田区, Japan
      • Bloomberg Tradebook LLC Subsidiary · New York, New York, United States
      • Bloomberg Tradebook Singapore Pte Ltd Subsidiary · Singapore, Singapore
      • and 13 more
    • BLOOMBERG DATA SERVICES (INDIA) PRIVATE LIMITED Subsidiary · Mumbai, India
    • BLOOMBERG TRADEBOOK INDIA PRIVATE LIMITED Subsidiary · Mumbai, India

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Bloomberg L.P. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by Charles Zegar, Duncan MacMillan, Michael Bloomberg and Thomas Secunda on Oct 1, 1981, in New York City.1

In 1981, Salomon Brothers was acquired, and Michael Bloomberg, a general partner, was given a $10 million partnership settlement. Bloomberg, having designed in-house computerized financial systems for Salomon, used his $10 million partnership buyout to start Innovative Market Systems (IMS). Bloomberg developed and built his own computerized system to provide real-time market data, financial calculations and other financial analytics to Wall Street firms. The Market Master terminal, later called the Bloomberg Terminal, was released to market in December 1982. Merrill Lynch became the first customer, purchasing 20 terminals and a 30% equity stake in the company for $30 million in exchange for a five-year restriction on marketing the terminal to Merrill Lynch's competitors. Merrill Lynch released IMS from this restriction in 1984.

In 1986, the company renamed itself Bloomberg L.P. (limited partnership). Bloomberg launched Bloomberg Business News, later Bloomberg News, in 1990, with Matthew Winkler as editor-in-chief. Bloomberg.com was first established on September 29, 1993, as a financial portal with information on markets, currency conversion, news and events, and Bloomberg Terminal subscriptions.

In late 1996, Bloomberg bought back one-third of Merrill Lynch's 30 percent stake in the company for $200 million, valuing the company at $2 billion. In 2008, facing losses during the financial crisis, Merrill Lynch agreed to sell its remaining 20 percent stake in the company back to Bloomberg Inc., majority-owned by Michael Bloomberg, for a reported $4.43 billion, valuing Bloomberg L.P. at approximately $22.5 billion.

Bloomberg L.P. has remained a private company since its founding, the majority of which is owned by billionaire Michael Bloomberg. To run for the position of Mayor of New York against Democrat Mark Green in 2001, Bloomberg gave up his position of CEO and appointed Lex Fenwick as CEO in his stead. In 2012, Peter Grauer became the chairman of the company, a role he still holds. In 2008, Fenwick became the CEO of Bloomberg Ventures, a new venture capital division and Daniel Doctoroff, former deputy mayor in the Bloomberg administration, was named president and CEO, serving until September 2014. At that point, it was announced that Michael Bloomberg would be taking the reins of his eponymous market data company from Doctoroff, who was chief executive of Bloomberg for the past six years after his term as deputy mayor.

In May 2022, Bloomberg announced it would launch a new venture in the UK, Bloomberg UK, as part of a wider international strategy. Bloomberg UK plans to hire in the region and has launched a standalone website, a weekly video series, a podcast and new event series.

In August 2023, Michael Bloomberg announced a series of leadership changes for the company, with Chief Product Officer Vlad Kliatchko assuming the role of CEO and Chief Operating Officer Jean-Paul Zammitt assuming the role of President. He also announced a new board of directors which would be chaired by Mark Carney, taking over from Peter Grauer and that existing board members would move to "Emeritus Status". Mark Carney resigned from his chairmanship shortly before becoming the Prime Minister of Canada.

From Wikipedia’s article on Bloomberg L.P., shared under CC BY-SA 4.0.5

Leadership

Who has led Bloomberg L.P., and when. Pick a name to see everywhere that person has worked.

1990200020102020

Products and brands

Products and services

Bloomberg Professional Services

In 2011, sales from the Bloomberg Professional Services, also known as the Bloomberg Terminal, accounted for more than 85 percent of Bloomberg L.P.'s annual revenue. The financial data vendor's proprietary computer system, starting at $24,000 per user per year, allows subscribers to access the Bloomberg Professional service to monitor and analyze real-time financial data, search financial news, obtain price quotes and send electronic messages through the Bloomberg Messaging Service. The Terminal covers both public and private markets globally.

Bloomberg News

Bloomberg News was co-founded by Michael Bloomberg and Matthew Winkler in 1990, to deliver financial news reporting to Bloomberg terminal subscribers. In 2000, Bloomberg News included more than 2,300 editors and reporters in 100 countries. Content produced by Bloomberg News is disseminated through the Bloomberg terminal, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, Bloomberg Markets and Bloomberg.com. Since 2015, John Micklethwait has served as editor-in-chief.

Bloomberg Television

Bloomberg Television, a service of Bloomberg News, is a 24-hour financial news television network. It was introduced in 1994, as a subscription service transmitted on satellite television provider DirecTV, 13 hours a day, 7 days a week. The network has taken over the channel space of the defunct Financial News Network and hired most of the former FNN employees. Soon after, the network entered the cable television market and by 2000, Bloomberg's 24-hour news programming was available to 200 million households. Justin B. Smith is CEO of Bloomberg Multimedia Group which includes Bloomberg Radio, Bloomberg Television and online components of Bloomberg's multimedia offerings.

Bloomberg Markets

Bloomberg Markets is a monthly magazine launched in 1992, that provides in-depth coverage of global financial markets for finance professionals. In 2010, the magazine was redesigned in an effort to update its readership beyond Bloomberg terminal users. Michael Dukmejian has served as the magazine's publisher since 2009.

Read the full text

Bloomberg Pursuits

Bloomberg Pursuits was a bimonthly luxury magazine distributed to Bloomberg terminal users and to newsstands. It ceased publication in 2016. A digital edition and show on Bloomberg Television continue under the same name.

Bloomberg Entity Exchange

Bloomberg Entity Exchange is a web-based, centralised and secure platform for buy side firms, sell side firms, corporations and insurance firms, banks or brokers to fulfill Know Your Customer (KYC) compliance requirements. It was launched on May 25, 2016.

Bloomberg Government

Launched in 2011, Bloomberg Government is an online service that provides news and information about politics, along with legislative and regulatory coverage.

Bloomberg Law

In 2009, Bloomberg L.P. introduced Bloomberg Law, a subscription service for real-time legal research. A subscription to the service provides access to law dockets, legal filings, and reports from Bloomberg legal analysts as well as business news and information.

Bloomberg Opinion

Bloomberg Opinion, formerly Bloomberg View, is an editorial division of Bloomberg News which launched in May 2011. The site provides editorial content from columnists, authors and editors about news issues and is available for free on the company's website. David Shipley, former Op-Ed page editor at The New York Times, is Bloomberg Opinion's executive editor.

Bloomberg Tradebook

Bloomberg Tradebook is an electronic agency brokerage for equity, futures, options and foreign exchange trades. Its "buyside" services include access to trading algorithms, analytics and marketing insights, while its "sellside" services include connection to electronic trading networks and global trading capabilities. Bloomberg Tradebook was founded in 1996, as an affiliate of Bloomberg L.P.

Bloomberg Beta

Bloomberg Beta is a venture capital firm capitalized by Bloomberg L.P. Founded in 2013, the $75 million fund is focused on investments in areas broadly of interest to Bloomberg L.P., and invests purely for financial return. It is headquartered in San Francisco.

Bloomberg Innovation Index

The Bloomberg Innovation Index is an annual ranking of how innovative countries are. It is based on six criteria: research and development, manufacturing, high-tech companies, post-secondary education, research personnel, and patents. Bloomberg uses data from the World Bank, the International Monetary Fund, the World Intellectual Property Organization, the United States Patent and Trademark Office, the OECD and UNESCO to compile the ranking.

Open Bloomberg

Bloomberg has openly licensed its symbology system (Bloomberg Open Symbology, BSYM), and financial data API (Bloomberg Programming API, BLPAPI).

Bloomberg Live

Bloomberg Live is a series of conferences targeted towards business people.

Bloomberg Quicktake

Quicktake (formerly TicToc) is Bloomberg's social media brand. Originally launched on Twitter, it was expanded to other platforms including Facebook, Instagram, YouTube and is also available on Amazon's Alexa. It will also play at several screens across multiple airports in the United States and Canada. The platform is managed by a team of 70 people, consisting of editors, producers and social media specialists located across three bureaus in New York, London and Hong Kong. In December 2019, TicToc was renamed "QuickTake by Bloomberg" in order to avoid confusion with the social media platform TikTok. The camel case and the word "by" were later eliminated, and "Bloomberg" was moved in front of "Quicktake", although the two words do not always appear together.

Bloomberg New Economy Forum

Bloomberg New Economy Forum is an invitation-only event for business executives, government officials, and academics. The inaugural event was held in 2018 in Singapore. In 2019, the forum took place in Beijing, China. In 2020 the event was held virtually. Both the 2021 and 2022 events were held in Singapore.

The Bloomberg New Economy Forum Community includes leaders from the public and private sectors from around the world. Founding partners of the forum included 3M, ADNOC, Dangote, ExxonMobil, FedEx, HSBC, Hyundai, Mastercard, Microsoft, and Softbank.

In 2021, the company initiated the Bloomberg New Economy Catalysts program to spotlight the work of changemakers and its impact on the world.

Bloomberg Línea

Bloomberg Línea is a partnership launched in 2021 to serve Spanish, Portuguese and English speaking Latino audiences.

Bloomberg Intelligence

Bloomberg Intelligence (BI) is Bloomberg's research division. It provides data and analytics on global markets. It is available exclusively on the Bloomberg Terminal and the Bloomberg Professional App.

Locations

Bloomberg L.P.'s headquarters is located in 731 Lexington Avenue (informally known as Bloomberg Tower) in Midtown Manhattan, New York City. As of 2011, Bloomberg L.P. occupied 900,000 square feet (84,000 m2) of office space at the base of the tower. The company's New York offices also include 400,000 square feet (37,000 m2) located at 120 Park Avenue and 924,876 square feet (85,924 m2) located at 919 Third Avenue. It maintains offices in 167 locations around the world, including Bloomberg London, its European headquarters.

From Wikipedia’s article on Bloomberg L.P., shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Owners

Subsidiaries

Also owns

  • 731 Lexington Avenue
  • Bloomberg Industry Group
  • Bloomberg Law
  • Bloomberg London
  • Bloomberg Radio
  • Bloomberg TV Indonesia Jakarta
  • Bloomberg.com
  • WBBR
  • WNBP

Parent company (GLEIF)

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Acquisitions

Since its founding, Bloomberg L.P. has made several acquisitions including the radio station WNEW, BusinessWeek magazine, research company New Energy Finance, the Bureau of National Affairs and the financial software company Bloomberg PolarLake. On July 9, 2014, Bloomberg L.P. acquired RTS Realtime Systems, a global provider of low-latency connectivity and trading support services. On August 13, 2019, Bloomberg acquired RegTek.Solutions in a move to expand its suite of regulatory reporting and data management services.

On March 13, 2023, Bloomberg entered into agreement to acquire Broadway Technology, a provider of high-performance trading systems and fixed income trading solutions.

Bloomberg Radio (formerly WNEW)

In 1992, Bloomberg L.P. purchased New York Radio station WNEW for $13.5 million. The station was converted into an all-news format, known as Bloomberg Radio, and the call letters were changed to WBBR.

Bloomberg Businessweek (formerly BusinessWeek)

Bloomberg L.P. bought a weekly business magazine, BusinessWeek, from McGraw-Hill in 2009. The company acquired the magazine—which was suffering from declining advertising revenue and limited circulation numbers—to attract general business to its media audience composed primarily of terminal subscribers. Following the acquisition, BusinessWeek was renamed Bloomberg Businessweek. In 2018, Joel Weber was named editor of the magazine.

Read the full text

New Energy Finance

In 2009, Bloomberg L.P. purchased New Energy Finance, a data company focused on energy investment and carbon markets research based in the United Kingdom. New Energy Finance was created by Michael Liebreich in 2004, to provide news, data and analysis on carbon and clean energy markets. Bloomberg L.P. acquired the company to become an industry resource for information to support low-carbon energy development. It was renamed Bloomberg New Energy Finance or BNEF for short. Liebreich continued to lead the company, serving as the chief executive officer until 2014, when he stepped down as CEO but remained involved as chairman of the advisory board.

BloombergNEF has expanded its research areas to cover renewable energy, advanced transport, digital industry, innovative materials, sustainability and commodities. BNEF provides research, long-term forecasts, analytical tools and global in-depth analysis covering a wide range of energy and related industries. Analysts covering 6 continents publish more than 700 research reports a year.

Bureau of National Affairs (BNA)

Bloomberg L.P. purchased Arlington, Virginia-based Bureau of National Affairs in August 2011, for $990 million to bolster its existing Bloomberg Government and Bloomberg Law services. BNA publishes specialized online and print news and information for professionals in business and government. The company produces more than 350 news publications in topic areas that include corporate law and business, employee benefits, employment and labor law, environment, health and safety, health care, human resources, intellectual property, litigation, and tax and accounting.

Bloomberg PolarLake

In May 2012, Bloomberg L.P. acquired Dublin-based software provider PolarLake and launched a new enterprise data management service to help companies acquire, manage, and distribute data across its organizations.

Barclays indices business

On December 16, 2015, it was announced that Barclays had agreed to sell its index business, Barclays Risk Analytics and Index Solutions Ltd (BRAIS), to Bloomberg L.P. for £520 million, or about $787 million. The company will be renamed Bloomberg Index Services Limited.

Bloomberg sports analysis

In September 2014, Bloomberg sold its Bloomberg Sports analysis division to the data analysis firm STATS LLC (now Stats Perform) for a fee rumored to be between $15 million and $20 million.

CityLab

On December 10, 2019, Bloomberg Media announced that it has reached an agreement to acquire CityLab, The Atlantic's news site covering transportation, environment, equity, life, and design. This was Bloomberg's first acquisition of an editorial property by the news and financial data company in over a decade.

RegTek.Solutions

In August 2019, Bloomberg L.P. acquired RegTek.Solutions, a provider of regulatory reporting software. RegTek.Solutions' technology was integrated with Bloomberg's Regulatory Reporting Hub, enterprise data management, and trading systems. Financial terms of the acquisition were not disclosed.

Second Measure

Bloomberg acquired Second Measure in December 2020. Second Measure analyzed billions of anonymized consumer transactions to provide data about company performance and consumer behavior. VentureBeat reported that the financial terms weren't disclosed and described Bloomberg's interest in the company's alternative-data capabilities.

Bloomberg later described the acquisition as the beginning of its alternative-data strategy and said Second Measure's transaction data became part of its Bloomberg Terminal alternative-data offering.

Broadway Technology

In February 2023, Bloomberg L.P. agreed to acquire Broadway Technology, a provider of high-performance financial technology and electronic trading systems. The transaction was reviewed by competition authorities, including the UK's Competition and Markets Authority. Bloomberg completed the acquisition in October 2023 and combined Broadway's low-latency execution-management technology with its own electronic trade-order-management solutions.

Canoe Intelligence

In July 2026, Bloomberg L.P. agreed to acquire Canoe Intelligence, a platform that automates the collection and organization of private-markets data for institutional investors, wealth managers, and family offices. Financial terms of the acquisition were not disclosed. Bloomberg said the acquisition would expand its capabilities in private-markets data and analytics.

From Wikipedia’s article on Bloomberg L.P., shared under CC BY-SA 4.0.5

Employees over time

Bloomberg L.P. employees by year120.0K in 2019+5% since 2016
05.0K10.0K15.0K20.0K2016: 19.0K19.0K20162018: 19.0K19.0K2018+0%2019: 20.0K20.0K2019+5%
  • 201920,0001
  • 201819,0001
  • 201619,0001

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

  • 2019$10.0B1

Timeline

  1. Dec 9, 1986Parent Directly consolidated by Bloomberg Inc3
  2. Oct 1, 1981Founded Founded in New York City1