Financial Modeling Prep Bewertungen 

Been using FMP for about 2 years now and and probebly sendt hundreds of tickets with faults i have found. They are so slow putting out numbers for some companys, can go weeks and monts. More than often ESP and Shares are missing. Quaterly revenue and yearly revenue often does not match, same goes for income before tax (yearly and quaterly).

I am looking for a better site, there is WAY to many faults on FMP

!Update!
I follow 300-400 companies, luckely i have a excel sheet contaning 250 cells for each company. I have probebly sendt in tickets on 60-75% of these now in the end of year reporting with errors, and this excludes FMP changing eps, shares ect from previous years out of the blue. This in my opionion is INSANE and not mention the ADR debukle.

"FMP answer"
"Our team has reviewed your account and acknowledges the numerous bug reports you’ve submitted over the past two years. We want to assure you that we take every report seriously and strive to resolve issues promptly"

If i did not send these reports this would not be fixed and it makes me wonder how many other people sends reports. If i did not have my excel i would not even know that the numbers were wrong. Taking financial decisions "buying stocks" based on FMP´s data is a VERY bad idear.

FMP have no control checks in order: Checking that quaterly numbers add up with yearly numbers. No warnings when quater to quater suddenly is 10 times higher than last. Like Embraer shows a revenue of 13,74B in Q4. While others are around 1,5B this being 2024.

"FMP´s response"
"Embraer S.A. changed its reporting currency from BRL to USD in 2018. We have now corrected this on our end so that financials are displayed in BRL until 2018 and in USD from that point onward."

I dont´t know what 2018 has to do with Q4 2024 to do but.....ok....

"Another Example"
I send out that "AMPG" was missing Q4 (Amplitech Group).

"FMP´s answer: Hannah • 2d ago. Hello,
Can you please share with me the source for AMPG Q4 please?"

So i have to do their job providing the info which i pay for..... So first make a ticket, then provide urls where they can find the info.... But i did not provide it this time and behold, they found it them selfs... some of it.....

Check FMP and AMPG your self

As you can see they are now missing EPS and shares... Ya you need to write another ticket providing the info you are paying to get (PS they might have fixed it now when you check)

If you go to "finchat" you will find it, no tickets needed EPS -0,311 and 12 290 000 shares

"Given your dissatisfaction with our service and your expressed intent to seek an alternative provider, we have issued a refund for the remaining time on your plan. You can expect to receive the refund within 5 to 10 business days, depending on your payment method. Additionally, your account has been downgraded effective immediately. We hope this adjustment provides clarity as you explore other options that better suit your needs."

I love how you terminated my subscription "tho giving me a refund", because hey... FMP has done sutch a great job with 75% errors in their financial data that they shouldent give "free" time and money back but cut it right off. And hey, now there will be 100s of fault that wont be corrected :D

PS "some of these interactions included threats and unprofessional language"

Telling that i have recorded all the tickets sendt and that i will be making a video about it is not a threat, it´s a fact. "Unprofessional language" I am NOT a professional, i am paying for a service that delivers 25% of it claims being "We provide one of the most accurate financial data available on the market." Yes i get FED UP after 100s of tickets, I AM PAYING FOR THE SERVICE!

But for you guys out there considering FMP to provide you with the financial data, good luck. I hope you have a BIG excel sheet and lots of time to write tickets double check against other sites cause you should not do any decisions based on the numbers in FMP i can tell you that.

For my part i will go over to FINCHAT.

"CONFIDENTIALITY NOTICE:

The contents of this email message and any attachments are intended solely for the addressee(s) and may contain confidential and/or privileged information and may be legally protected from disclosure."

Ya i did not agree to this so good luck enforcing it :D

Seamless to use and competitive pricing compared to other financial data providers. Highly recommend

As someone else recently mentioned, Financial Modelling Prep is awfully disgusting when it comes to cancelling their subscription. They have a well thought out plan in order to maximise their profits from the customers by always adding one year extra on the subscription (if you initially signed up for that). I had been a customer for more than a year, initially without any problems. I had been in contact with their customer service previously for general questions about the service and the API and I got decent support.

But when I one day decided to actually cancel the subscription, the story turned out to be very different. I initially contacted them through Facebook Messenger and filed a cancelation request. They read the message but decided to ignore me. I contacted them throughout multiple channels (mail + Facebook + Twitter (X) + online form) but without any response whatsoever. They totally ghosted me. In fact, they ghosted me for an entire YEAR!

The WORST part is yet to come - when it was time for them to charge my yearly subscription fee it wasn't possible, due to the fact that my bank card which I had connected their service to, had expired. Then, they have the audacity to contact me one year later by email and tell me that I have an outstanding invoice to pay. No shame at all.

Eventually they cancelled the subscription after I replied to their email regarding the missed payment and replied with some exquisitely chosen words. I was fortunate enough that my card expired, but I eventually ended up paying for one extra year without any usage. This was obviously all planned in the beginning, from their side. I would suggest looking into other data providers. They are really disgusting.

I have been a customer for FMP for about 2 years. The service was ok but I had a very bad experience cancelling my subscription. The process for cancellation was not clear and I made the mistake of subscribing to their highest level ($1000/year). The process did not asked me for a confirmation and they charge my credit card right away. I contacted them right away to cancel the transaction. They took a few days before answering and I was never able to get a refund. They said that their do not support refund based on their terms of service.

I subscribed to use their earnings data and I was shocked to see that revenue for ticker AA (Alcoa Corporation) is negative for 3rd quarter 2024. Apparently, the company had negative revenue of 5.43 billion USD (in reality it's ~2.9 bio USD). I find it quite shocking that a company providing financial data doesn't even run sanity checks on their tables. EPS data was also incorrect for numerous tickers. Nobody from the chat comes back with any explanation. Stay away.

Bad data, they do not deliver correct data as promised. they say prices are updated "Realtime" but it takes up to 8 hours for end of day prices to update sometimes. I have also found errors in historical data. It´s a shame because otherwise it´s a good service.

Their website reads "real time data", so I tried their press release API. Funny enough, it has a delay of 6–10 minutes. I asked the customer support: I guess real time data means it's normal to have a 10-minute delay.

I asked for a refund, because that's just not what was advertised on their website. Of course, no refunds.

Great customer support. asked several detailed questions about their API and had an answer in less than a day. Also, working on their API endpoints. It's extensive.

Yes, there are data errors compared to official annual reports published by companies (I am currently only working at COST ticker - ONE company -, so it may be an exception rather than the rule), but all of the error reports I submitted has been replied to and corrections attempted. I don't blame financialmodelingprep.com for the errors, as the source XBRL from Edgar tags are sometimes misaligned, which makes extraction very complicated. They are trying (hopefully hard enough) to make the data as clean as they can. Hopefully in 11 months, when my subscription ends, there will be such progress that merits extension of my subscription. I am optimistic that they will get there, by the responses I have been getting (thank you Hanna for taking the data errors seriously so far).

Rich and responsive API , but I continue to find bugs in reported data. Not sure if the sources they use are not clean, their own data merge process has bugs or there are other problems. Sometimes the team responds with a "fixed" message within a couple of days. Sometimes I do not get a confirmation for much longer.

Suggested to the team to open source the library (not the data) so that we can help fix bugs in data retrieval, transformation and aggregation logic, thus improve the regression test suite for everyone's benefit. No response on this point for several months.

I've been using their financial data services for the past year, and I'm thoroughly impressed. The accuracy of their historical prices, fundamental data, and insider transactions is unparalleled. The 30-year data span is incredibly valuable for in-depth analysis. Highly recommend for anyone needing reliable financial data.

I used this API for the past two years and I have no complaints about that at all. I really like the way they structured the info and how their API interface is implemented. I like their documentation. I can say this is the kind of experience you expect to have when you use such kinds of API — no problems with data, easy to find an endpoint you need, and easy to interact with. A good one.

Our journey at WizdomCRM with Financial Modelling Prep over the past four years has been nothing short of transformative. As a crucial partner in our growth, they have consistently provided us with robust, reliable, and real-time financial data. This impeccable service, marked by zero downtime and seamless integration, has profoundly impacted our business, enabling us to create exceptional products that truly resonate with our clients. In the fast-paced world of financial markets, the reliability of data is paramount. Financial Modelling Prep has never let us down. Their commitment to excellence is evident in the fact that we have experienced zero downtime over the past four years. This unwavering reliability has been a cornerstone of our operations, allowing us to maintain smooth and continuous service for our clients. The peace of mind that comes with knowing our data is always accurate and available has been invaluable.Our relationship with Financial Modelling Prep goes beyond a typical client-provider interaction; it feels like a true partnership. Their responsive support team and proactive approach to addressing our needs have been exceptional. Whenever we've encountered challenges or required assistance, they have been there with prompt and effective solutions, ensuring our operations remain uninterrupted. Thank you, Financial Modelling Prep, for powering our technology and being a key part of our success story.

Bad: This service was fine at first. But between 2022 and 2023, something happened I guess. There were no API updates for an 8+ months period and you can see this on their own changelog.

Worse: I started reporting problems with stock splits handling since the start of 2023. To their credit, they would fix the specific ticker you reported.. after a few days. But I requested them to fix the problem multiple times in a more systematic way, and this was never implemented. In contrast, I noticed a similar problem when I tried out EODHD, and they managed to fix this problem systematically almost immediately.

Worst: When I wanted to cancel my subscription, they tried to change the topic and negotiate with me. That's fine.. whatever, understandable I guess. However, when I finally got them to confirm my subscription cancellation, they also immediately suspended my account prior to expiration. This gave me a quite a bit of trouble because I was still using it for my SaaS. The only saving grace was I didn't give them the benefit of doubt and was already 99% done with my rewrite to use EODHD instead.

Financial Modeling Prep provides quality data and dependable support, making it easy to access a variety of financial information. Their readiness to incorporate custom requests into tailored plans for our company significantly enhances our analytical capabilities. Overall, their service is highly commendable.

Swapped to FMP to replace a number of different other services and data scrapes. Dealing with Taylor & FMP Support, the team were quick to reply, quick to resolve issues, and to have been able to add/repair all the data requested. With such short turnaround times, this has been really great and very much appreciated. The amount of data (I model multiple currencies and backtest long-dated long-only stock trading strategies) is also excellent, in most cases going back many years. By far the best price-to-value option I have found thus far.
Congratulations, and thanks again.
Dale

Julie has been very helpful, she deserves a raise for the amazing support!!

The best investment app I have used before. It was super easy to use anyone who is not familiar with Investment apps

I signed up with FMP at the beginning of this month. I was surprised by how easy it is to work with the API and how well the documentation is written.
When I couldn't get things to work, I messaged support and they always got back to me and found a solution.
In terms of available data, compared to other services they include a lot of things in the basic package like economic news, stock earnings, press releases, intraday stock prices etc.
I highly recommend them!