Answers to some frequently asked questions

What are the Terms of Use for WRDS?

Please review the full WRDS Terms of Use for additional information, highlighting topics including access by Co-Authors, Privacy and Account Information.

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What data are provided at no cost?

As part of the subscription to WRDS, the following data are available at no cost:


Bank Regulatory Federal Deposit Insurance Corporation (FDIC)
Blockholders Federal Bank Reports
CBOE Indexes IRI Marketing Factbook: Point of Sale
Direct Marketing Educational Foundation Philadelphia Stock Exchange United Currency Options
Dow Jones SEC Disclosure of Order Execution
Fama-French (Research) Portfolios and Factor TRACE (academic subscribers only)
OTC Penn World Tables

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How do I access data through WRDS?

Flexible Delivery Options

  • Web interface.  Research one firm or several hundred firms simultaneously. All the databases have a common interface and a consistent data format through online queries.  
  • PC SAS Connect.  The power of a Unix system in a familiar Windows environment.  Use SAS on your PC to submit jobs on the WRDS cloud or download data directly to your PC and analyze using our extensive site, programs and utilities. 
  • WRDS Cloud. The WRDS Cloud leverages our unique infrastructure to process submitted information producing results with greater proficiency, resulting in vastly shorter processing periods for our clients. With increased computing power, additional time can be focused on research and analysis.  Connect to WRDS for a terminal session, run custom programs in SAS to retrieve data.  Other languages available on the WRDS system include C and FORTRAN.
  • SAS, Python. R, Stata, Matlab, and more

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What data is available through WRDS?

WRDS data is compiled from independent sources that specialize in specific historical data. Some sources include Capital IQ, NYSE, CRSP, and Refinitiv (formerly Thomson Reuters), and more specialized sources such as Markit, FactSet, Hedge Fund Research, Inc., Eventus, and GSIOnline with more added regularly to meet the growing needs of our clients. 

Data Distributor Data Sets
Balance sheets, income statements and other company-based financial items Capital IQ Compustat Industrial, Full Coverage, Research, and Backdata Annual/Quarterly, Business Industry Segments Price, Dividends, Earnings
Stock prices and returns, Mutual Fund and CRSP Compustat Merged CRSP Monthly / Daily Stock Files, Indices files, Mutual Fund and CCM

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How can I get more information about subscribing to WRDS?

Email WRDS Support for subscription information.

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What is a trial account?

Trial account allows access to WRDS and sample sets of data, and all WRDS features for a limited period. Trial accounts are offered to full-time faculty and staff at qualifying academic and government institutions and corporate firms.

Email WRDS Support for trial information.

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What is WRDS?

Wharton Research Data Services (WRDS) is the leading business intelligence, data analytics, and research platform for global institutions ̶ enabling comprehensive thought leadership, historical analysis, and insight into the latest innovations in academic research.

WRDS democratizes data access so that all disciplines, Accounting, Banking, Economics, ESG, Finance, Healthcare, Insurance, Marketing, and Statistics, can easily search for concepts across the data repository. Partnering with global vendors, WRDS hosts 350+TB of data — the broadest collection of data on the most robust computing infrastructure to give users the power to analyze complex information at speeds of up to 400MB per second.

Flexible data delivery options include a powerful web query method that reduces research time; the WRDS Cloud for executing research and strategy development; and the WRDS client server using SAS, Python, R, Stata, Matlab, and more. Our rigorous data review and validation give users the confidence to tailor research and create a wide range of reliable data models.

WRDS’ unique array of Services include access to a suite of Analytics tools and Learning Pathways —providing curated, guided resources for Researchers, Instructors, and Information Professionals. Through data, analytics, research and technology, approach your research using real world examples and advance your analysis to answer the most critical questions with your data.

WRDS is a leader in impactful research. Through a partnership with SSRN, WRDS is elevating the visibility of universities and researchers working across an array of fields. The WRDS Research Paper Series is a searchable repository of all papers submitted to SSRN that cite WRDS in their work. In addition, the two organizations have launched the WRDS-SSRN Innovation Award™ to honor rising business schools in the North America, Asia Pacific, and EMEA regions.

WRDS is more than just a data platform. Supporting over 75,000 commercial, academic, and government users at 500+ institutions in 38 countries, WRDS is the global gold standard in data management, innovative tools, analytics, and research services — all backed by the credibility and leadership of the Wharton School.

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