FinSearchComp: Towards a Realistic, Expert-Level Evaluation of Financial Search and Reasoning

Liang Hu, Jianpeng Jiao, Jiashuo Liu, Yanle Ren, Zhoufutu Wen +18 more
9/16/2025
cs.LGcs.AI

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Abstract

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.

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@article{hu2025finsearchcomp,
  title  = {FinSearchComp: Towards a Realistic, Expert-Level Evaluation of Financial Search and Reasoning},
  author = {Liang Hu and Jianpeng Jiao and Jiashuo Liu and Yanle Ren and Zhoufutu Wen and Kaiyuan Zhang and Xuanliang Zhang and Xiang Gao and Tianci He and Fei Hu and Yali Liao and Zaiyuan Wang and Chenghao Yang and Qianyu Yang and Mingren Yin and Zhiyuan Zeng and Ge Zhang and Xinyi Zhang and Xiying Zhao and Zhenwei Zhu and Hongseok Namkoong and Wenhao Huang and Yuwen Tang},
  year   = {2025},
  eprint = {2509.13160},
  archivePrefix = {arXiv},
  url    = {http://arxiv.org/abs/2509.13160v1}
}

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