FinSearchComp: Towards a Realistic, Expert-Level Evaluation of Financial Search and Reasoning
On the map: LLM reasoning → Reasoning for agents, planning and code
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Abstract (arXiv)
Search has emerged as core infrastructure for LLM-based agents and is widely viewed as critical on the path toward more general intelligence. Finance is a particularly demanding proving ground: analysts routinely conduct complex, multi-step searches over time-sensitive, domain-specific data, making it ideal for assessing both search proficiency and knowledge-grounded reasoning. Yet no existing open financial datasets evaluate data searching capability of end-to-end agents, largely because constructing realistic, complicated tasks requires deep financial expertise and time-sensitive data is hard to evaluate. We present FinSearchComp, the first fully open-source agent benchmark for realistic, open-domain financial search and reasoning. FinSearchComp comprises three tasks -- Time-Sensitive Data Fetching, Simple Historical Lookup, and Complex Historical Investigation -- closely reproduce real-world financial analyst workflows. To ensure difficulty and reliability, we engage 70 professional financial experts for annotation and implement a rigorous multi-stage quality-assurance pipeline. The benchmark includes 635 questions spanning global and Greater China markets, and we evaluate 21 models (products) on it. Grok 4 (web) tops the global subset, approaching expert-level accuracy. DouBao (web) leads on the Greater China subset. Experimental analyses show that equipping agents with web search and financial plugins substantially improves results on FinSearchComp, and the country origin of models and tools impact performance significantly.By aligning with realistic analyst tasks and providing end-to-end evaluation, FinSearchComp offers a professional, high-difficulty testbed for complex financial search and reasoning.
Key facts. Cited by 27 papers in the map (data through 14 Oct 2026). Placed in Reasoning for agents, planning and code, one of 17 directions in LLM reasoning. Builds on 14 of its 27 references that are in the map. First posted on arXiv 16 Sep 2025.
Builds on
14 of 27 references.
References · 14
- 2025DeepSeek-R1: Incentivizing Reasoning Capability in LLMs via Reinforcement Learningcited by 6,330
- 2025BrowseComp: A Simple Yet Challenging Benchmark for Browsing Agentscited by 647
- 2025BrowseComp-Plus: A More Fair and Transparent Evaluation Benchmark of Deep-Research Agentcited by 200
- 2025BrowseComp-ZH: Benchmarking Web Browsing Ability of Large Language Models in Chinesecited by 145
- 2024A Survey of Large Language Models for Financial Applications: Progress, Prospects and Challengescited by 90
- 2025Finance Agent Benchmark: Benchmarking LLMs on Real-world Financial Research Taskscited by 65
- 2024Large Language Model Agent in Financial Trading: A Surveycited by 60
- 2024FinRobot: An Open-Source AI Agent Platform for Financial Applications using Large Language Modelscited by 40
- 2025OptimalThinkingBench: Evaluating Over and Underthinking in LLMscited by 35
- 2025BizFinBench: A Business-Driven Real-World Financial Benchmark for Evaluating LLMscited by 22
- 2025FinanceQA: A Benchmark for Evaluating Financial Analysis Capabilities of Large Language Modelscited by 19
- 2025MultiFinBen: Benchmarking Large Language Models for Multilingual and Multimodal Financial Applicationcited by 14
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Citing papers per year: 2025: 9; 2026: 18.
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- 2026Kimi K2.5: Visual Agentic Intelligencecited by 501
- 2026Seed1.8 Model Card: Towards Generalized Real-World Agencycited by 50
- 2025StockBench: Can LLM Agents Trade Stocks Profitably In Real-world Markets?cited by 44
- 2026MiroThinker-1.7 & H1: Towards Heavy-Duty Research Agents via Verificationcited by 32
- 2025Mitigating LLM Hallucination via Behaviorally Calibrated Reinforcement Learningcited by 18
- 2025FinDeepResearch: Evaluating Deep Research Agents in Rigorous Financial Analysiscited by 14
- 2025LiveTradeBench: Seeking Real-World Alpha with Large Language Modelscited by 13
- 2026DIVE: Scaling Diversity in Agentic Task Synthesis for Generalizable Tool Usecited by 13
- 2025Towards Safe Reasoning in Large Reasoning Models via Corrective Interventioncited by 11
- 2026QUEST: Training Frontier Deep Research Agents with Fully Synthetic Taskscited by 11
- 2025Finch: Benchmarking Finance & Accounting across Spreadsheet-Centric Enterprise Workflowscited by 10
- 2026FutureX-Pro: Extending Future Prediction to High-Value Vertical Domainscited by 9
15 more
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- 2026Yunjue Agent Tech Report: A Fully Reproducible, Zero-Start In-Situ Self-Evolving Agent System for Open-Ended Taskscited by 5
- 2026FIRE: A Comprehensive Benchmark for Financial Intelligence and Reasoning Evaluationcited by 5
- 2026FinResearchBench II: A Deep Research Benchmark with Consensus-Derived Gold Rubrics for Distinguishing Financial Report Qualitycited by 5
- 2026FinTrace: Holistic Trajectory-Level Evaluation of LLM Tool Calling for Long-Horizon Financial Taskscited by 4
- 2026Mind2Report: Expert-Level Commercial Report Synthesis via Cognitive Deep Research Agentcited by 2
- 2026JADE: Expert-Grounded Dynamic Evaluation for Open-Ended Professional Taskscited by 2
- 2025PriceSeer: Evaluating Large Language Models in Real-Time Stock Predictioncited by 1
- 2026FinDeepIndicator: Benchmarking Deep Research Agents in End-to-End Financial Indicator Constructioncited by 1
- 2026Frontier Financial Judgement: Can agents tell what might move a stock?cited by 0
- 2026Mint-Agent: Introducing Finance-Native Agentic Foundation Modelscited by 0
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- 2026TrajLong: Co-Designing Agentic and Long-Context Supervision for Mid-Training4 Oct 2026
- 2026FinAutoRubric: Expert-Guided Automatic Rubric Generation for Evaluating Financial Research Agents28 Sep 2026
- 2026RetailAgent: Structured Adverse Timing in Self-Conditioned Multimodal LLM Trading Agents28 Aug 2026
- 2026Mint-Agent: Introducing Finance-Native Agentic Foundation Models17 Aug 2026
- 2026FinDeepIndicator: Benchmarking Deep Research Agents in End-to-End Financial Indicator Construction1 Aug 2026
- 2026Frontier Financial Judgement: Can agents tell what might move a stock?22 Jul 2026
- 2026FinResearchBench II: A Deep Research Benchmark with Consensus-Derived Gold Rubrics for Distinguishing Financial Report Quality14 Jul 2026
- 2026QUEST: Training Frontier Deep Research Agents with Fully Synthetic Tasks22 May 2026
- 2026FinTrace: Holistic Trajectory-Level Evaluation of LLM Tool Calling for Long-Horizon Financial Tasks11 Apr 2026
- 2026Seed1.8 Model Card: Towards Generalized Real-World Agency21 Mar 2026
- 2026MiroThinker-1.7 & H1: Towards Heavy-Duty Research Agents via Verification16 Mar 2026
- 2026DIVE: Scaling Diversity in Agentic Task Synthesis for Generalizable Tool Use10 Mar 2026
15 more
- 2026FIRE: A Comprehensive Benchmark for Financial Intelligence and Reasoning Evaluation25 Feb 2026
- 2026JADE: Expert-Grounded Dynamic Evaluation for Open-Ended Professional Tasks6 Feb 2026
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- 2026Yunjue Agent Tech Report: A Fully Reproducible, Zero-Start In-Situ Self-Evolving Agent System for Open-Ended Tasks26 Jan 2026
- 2026FutureX-Pro: Extending Future Prediction to High-Value Vertical Domains18 Jan 2026
- 2026Mind2Report: Expert-Level Commercial Report Synthesis via Cognitive Deep Research Agent8 Jan 2026
- 2025PriceSeer: Evaluating Large Language Models in Real-Time Stock Prediction31 Dec 2025
- 2025Mitigating LLM Hallucination via Behaviorally Calibrated Reinforcement Learning22 Dec 2025
- 2025Finch: Benchmarking Finance & Accounting across Spreadsheet-Centric Enterprise Workflows15 Dec 2025
- 2025EcomBench: Towards Holistic Evaluation of Foundation Agents in E-commerce9 Dec 2025
- 2025LiveTradeBench: Seeking Real-World Alpha with Large Language Models5 Nov 2025
- 2025HSCodeComp: A Realistic and Expert-level Benchmark for Deep Search Agents in Hierarchical Rule Application22 Oct 2025
- 2025FinDeepResearch: Evaluating Deep Research Agents in Rigorous Financial Analysis15 Oct 2025
- 2025StockBench: Can LLM Agents Trade Stocks Profitably In Real-world Markets?2 Oct 2025
- 2025Towards Safe Reasoning in Large Reasoning Models via Corrective Intervention29 Sep 2025
- 2026Kimi K2.5: Visual Agentic Intelligencecited by 501
- 2025StockBench: Can LLM Agents Trade Stocks Profitably In Real-world Markets?cited by 44
- 2025FinDeepResearch: Evaluating Deep Research Agents in Rigorous Financial Analysiscited by 14
- 2026DIVE: Scaling Diversity in Agentic Task Synthesis for Generalizable Tool Usecited by 13
- 2026QUEST: Training Frontier Deep Research Agents with Fully Synthetic Taskscited by 11
- 2026FutureX-Pro: Extending Future Prediction to High-Value Vertical Domainscited by 9
- 2025HSCodeComp: A Realistic and Expert-level Benchmark for Deep Search Agents in Hierarchical Rule Applicationcited by 5
- 2026FinResearchBench II: A Deep Research Benchmark with Consensus-Derived Gold Rubrics for Distinguishing Financial Report Qualitycited by 5
- 2026FinTrace: Holistic Trajectory-Level Evaluation of LLM Tool Calling for Long-Horizon Financial Taskscited by 4
- 2026Mind2Report: Expert-Level Commercial Report Synthesis via Cognitive Deep Research Agentcited by 2
- 2026JADE: Expert-Grounded Dynamic Evaluation for Open-Ended Professional Taskscited by 2
- 2026FinDeepIndicator: Benchmarking Deep Research Agents in End-to-End Financial Indicator Constructioncited by 1
12 most cited of 16 All 16 (JSON)
- 2026TrajLong: Co-Designing Agentic and Long-Context Supervision for Mid-Training4 Oct 2026
- 2026RetailAgent: Structured Adverse Timing in Self-Conditioned Multimodal LLM Trading Agents28 Aug 2026
- 2026Mint-Agent: Introducing Finance-Native Agentic Foundation Models17 Aug 2026
- 2026FinDeepIndicator: Benchmarking Deep Research Agents in End-to-End Financial Indicator Construction1 Aug 2026
- 2026Frontier Financial Judgement: Can agents tell what might move a stock?22 Jul 2026
- 2026FinResearchBench II: A Deep Research Benchmark with Consensus-Derived Gold Rubrics for Distinguishing Financial Report Quality14 Jul 2026
- 2026QUEST: Training Frontier Deep Research Agents with Fully Synthetic Tasks22 May 2026
- 2026FinTrace: Holistic Trajectory-Level Evaluation of LLM Tool Calling for Long-Horizon Financial Tasks11 Apr 2026
- 2026DIVE: Scaling Diversity in Agentic Task Synthesis for Generalizable Tool Use10 Mar 2026
- 2026JADE: Expert-Grounded Dynamic Evaluation for Open-Ended Professional Tasks6 Feb 2026
- 2026Kimi K2.5: Visual Agentic Intelligence2 Feb 2026
- 2026FutureX-Pro: Extending Future Prediction to High-Value Vertical Domains18 Jan 2026
12 newest of 16 All 16 (JSON)
- 2026MiroThinker-1.7 & H1: Towards Heavy-Duty Research Agents via Verificationcited by 32
- 2025LiveTradeBench: Seeking Real-World Alpha with Large Language Modelscited by 13
- 2025Towards Safe Reasoning in Large Reasoning Models via Corrective Interventioncited by 11
- 2026FIRE: A Comprehensive Benchmark for Financial Intelligence and Reasoning Evaluationcited by 5
- 2026MiroThinker-1.7 & H1: Towards Heavy-Duty Research Agents via Verification16 Mar 2026
- 2026FIRE: A Comprehensive Benchmark for Financial Intelligence and Reasoning Evaluation25 Feb 2026
- 2025LiveTradeBench: Seeking Real-World Alpha with Large Language Models5 Nov 2025
- 2025Towards Safe Reasoning in Large Reasoning Models via Corrective Intervention29 Sep 2025
- 2026Seed1.8 Model Card: Towards Generalized Real-World Agencycited by 50
- 2025Mitigating LLM Hallucination via Behaviorally Calibrated Reinforcement Learningcited by 18
- 2025Finch: Benchmarking Finance & Accounting across Spreadsheet-Centric Enterprise Workflowscited by 10
- 2025EcomBench: Towards Holistic Evaluation of Foundation Agents in E-commercecited by 8
- 2026Yunjue Agent Tech Report: A Fully Reproducible, Zero-Start In-Situ Self-Evolving Agent System for Open-Ended Taskscited by 5
- 2025PriceSeer: Evaluating Large Language Models in Real-Time Stock Predictioncited by 1
- 2026FinAutoRubric: Expert-Guided Automatic Rubric Generation for Evaluating Financial Research Agentscited by 0
- 2026FinAutoRubric: Expert-Guided Automatic Rubric Generation for Evaluating Financial Research Agents28 Sep 2026
- 2026Seed1.8 Model Card: Towards Generalized Real-World Agency21 Mar 2026
- 2026Yunjue Agent Tech Report: A Fully Reproducible, Zero-Start In-Situ Self-Evolving Agent System for Open-Ended Tasks26 Jan 2026
- 2025PriceSeer: Evaluating Large Language Models in Real-Time Stock Prediction31 Dec 2025
- 2025Mitigating LLM Hallucination via Behaviorally Calibrated Reinforcement Learning22 Dec 2025
- 2025Finch: Benchmarking Finance & Accounting across Spreadsheet-Centric Enterprise Workflows15 Dec 2025
- 2025EcomBench: Towards Holistic Evaluation of Foundation Agents in E-commerce9 Dec 2025
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