About WRDS

Wharton Research Data Services (WRDS) is the award-winning research platform and business intelligence tool for over 40,000 corporate, academic, government and nonprofit users at 400+ institutions in 30+ countries. WRDS provides the user with one location to access over 200 terabytes of data across multiple disciplines including Accounting, Banking, Economics, ESG, Finance, Insurance, Marketing, and Statistics.

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 PCSAS, Matlab, Python and R. 

Our Analytics team, doctoral-level support and rigorous data review and validation give clients the confidence to tailor research within complex databases and create a wide range of reliable data models.

From partnerships with data vendors to our own tools, including the WRDS SEC Analytics Suite and the Wharton School’s OTIS, WRDS is the global gold standard in data management and research, all backed by the credibility and leadership of the Wharton School.

Tour the interactive map below to view the locations of our WRDS subscribers. 

WRDS Enterprise Solutions and Support

This hosted data service has become the locus for quantitative data research and is recognized by the academic and financial research community around the world as the leading business intelligence tool.



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

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.
  • Matlab, Stata, R, and Python.


WRDS provides a state-of-the-art interface to a variety for databases, simplifying extraction and increasing productivity with:

  • Research applications and utilities and an extensive suite of template and sample programs developed by our Doctoral-level staff.
  • Support from a team of Doctoral-level specialists.  Our doctoral-level research specialists are available to you on-line through WRDS Support
  • E-Learning.  A Library of on-demand video sessions covering a host of topics, presented by our research experts.
  • Timely Updates. Our experienced IT specialists convert and install database updates, for immediate access.
  • Learning Environment.   WRDS enables faculty to demonstrate real-world applications of principles, using actual company data in place of hypothetical examples.
  • Data Validation, Integrity and Consistency.

WRDS Subscription Fees

Please contact wrds@wharton.upenn.edu for pricing information.

Access to Data Through WRDS

I.  Data provided at no cost:
As part of the subscription to WRDS, the following datasets are available at no cost:


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


II.  Additional Data:
The WRDS subscription fee does not included access to data from the vendors listed below.  Each institution is responsible for maintaining a separate license for the data.

AuditAnalytics Mergent
Bureau van Dijk Morningstar CISDM
Center for Research in Security Prices (CRSP) NASTRAQ
comScore NYSE TAQ *
Eventus OptionMetrics
Global Insight/DRI RepRisk
GMI Ratings Riskmetrics
GovPX Treasuries (ICAP) S&P Capital IQ
Thomson Reuters WRDS SEC Analytics Suite
Markit Zacks

*Note: In addition to the data fee paid to NYSE, WRDS requires an annual TAQ Access Fee.



Supported Environment

WRDS Supports the following client environments:




Office Suite

Microsoft Office 2011 SP3

Microsoft Office 2010 SP1 & 2013 SP1

Web Browser

Firefox [current version]
Firefox 38esr
Safari 6.2.x
Safari 7.1.x
Safari 8.0.x
Chrome [current version]

Firefox [current version]
Firefox 38esr
Internet Explorer 10
Internet Explorer 11
Chrome [current version]