LLM Accuracy on Financial Benchmarks Statistics
On FinBen, GPT-4 led on quantification, extraction, and numerical reasoning, but models broadly struggled with forecasting and generation tasks. That pattern, strong extraction, weak prediction, runs across the figures below. Each datapoint is from a peer-reviewed benchmark paper, with source and year; none was generated by this site. Numbers reflect the model versions tested in the cited work; models update, so use these to understand the shape of relative performance rather than as a current leaderboard.
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The numbers worth quoting
FinBen evaluated 15 leading LLMs across 36 datasets and 24 financial tasks spanning extraction, analysis, QA, generation, risk, forecasting, and decision-making
FinBen is among the most comprehensive open financial benchmarks and was the first to add stock-trading evaluation, giving a broad picture of where models succeed and fail.
On FinBen, GPT-4 led on quantification, extraction, numerical reasoning, and stock trading, while models broadly struggled with text generation and forecasting
The benchmark found strength concentrated in structured extraction and analysis and weakness in open-ended generation and prediction, a pattern that holds across the models tested.
A fine-tuned FinBERT reached about 0.88 accuracy and 0.87 F1 on the Financial PhraseBank sentiment task, competitive with or ahead of few-shot GPT-4o
The study found GPT-4o with few-shot examples could match a well fine-tuned FinBERT, indicating a small specialized model still holds its own on a focused finance classification task.
On the FinQA numerical-reasoning benchmark, the best published systems trailed expert human accuracy by a wide margin
FinQA pairs questions with earnings-report tables and text. The model-versus-expert gap shows multi-step financial arithmetic remains a structural weak point, even as newer models improve.
Domain-adapted financial models such as BloombergGPT outperformed comparable general models on finance tasks without sacrificing performance on general-language benchmarks, while still trailing far larger general models
Domain pre-training improved finance-task accuracy, confirming that specialization helps but does not by itself close the gap on harder reasoning.
Key Takeaways
Methodology
Figures are drawn from peer-reviewed benchmark papers (FinBen, FinQA, BloombergGPT) and a published sentiment-analysis study, each reported with its source and year. Benchmark numbers reflect the model versions evaluated in the cited work and will shift as models update. No statistic on this page is derived from data collected by this site.
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Sources & References
- FinBen: A Holistic Financial Benchmark for Large Language Models — Qianqian Xie et al., NeurIPS Datasets and Benchmarks (2024)
- Financial Sentiment Analysis on News and Reports Using Large Language Models and FinBERT — Yanxin Shen and Pulin Kirin Zhang (2024)
- FinQA: A Dataset of Numerical Reasoning over Financial Data — Zhiyu Chen et al., EMNLP (2021)
- BloombergGPT: A Large Language Model for Finance — Shijie Wu et al. (2023)
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