Historical financials for thousands of public companies are available for free on the SEC’s EDGAR system in data archives or by RSS. Learn how to access the data yourself in the Data section below. Review recent case studies and white papers from industry experts in the Research archive. Contact info@xbrl.us to share details about your use case or tool.

Research

Data

Review case studies, white papers and research from XBRL US and others. Here’s a sample from the last eighteen months:

Global Data Provider Reduces Data Processing Time 90%
- December, 2016

Morningstar, an investment research and investment management firm headquartered in Chicago, provides data on approximately 525,000 investment offerings, and began collecting data in XBRL format in 2012, starting with data from Taiwan and Japan. In 2016 they began working with US-based corporate data in XBRL format and will be making this available to clients in 2017.

Morningstar’s Head of Fundamentals, Equity Data Operations, Jo Guo noted that “Using XBRL has increased our productivity and efficiency … We are able to process each filing within 1-2 minutes, and provide our clients with more timely data.”

Before

Data extracted out of HTML filings takes at least 20 minutes to process. Data from good quality PDF filings takes approximately 30 minutes to process. And data from image documents requires about 50 minutes to process before the data can be used.

After

Financial statement data formatted using the XBRL data standard only takes about 1-2 minutes of processing time – a 90-95% reduction in processing time versus HTML documents.

Conclusion

Data standards can improve efficiencies and reduce labor costs by at least 90%.

View the infographic on other XBRL data users and how they benefit. 

Continue reading

Access XBRL data directly:

Data Analysis Toolkit

Watch the clip below to learn about this free XBRL US resource – a set of APIs and spreadsheets to extract SEC data in near real-time from any company over any time period for any data reported in XBRL format.


Get started with the Data Analysis Toolkit.

Demos & Tools

Looking for other tips and tools for using XBRL data? Check out this page of resources that includes topics like getting started with the XBRL US Database of Public Filings, Inline XBRL, locating XBRL .zip files on the SEC’s EDGAR database and a growing list of analytic apps and services.

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