XBRL (eXtensible Business Reporting Language) powers millions of financial data points that investors and fintechs rely on. Here's a primer on the technology behind your financial data.

1. F I N A N C E
X B R L B Y T H E N U M B E R S
B E N E F I T S O F X B R L
WHAT IS
XBRL?
XBRL (eXtensible Business
Reporting Language) is an
open standard for accounting
data. It was created to increase
transparency and accessibility
in business information. US
publicly traded companies are
required to file 10-K and 10-Q
forms with the SEC in XBRL.
The non-profit organization
XBRL International sets XBRL
reporting standards. XBRL
International is made up of
more than 650 members,
including global companies as
well as accounting, technology,
government, and financial
services organizations.
Higher Quality
Minimizes human error
throughout both the filing
and retrieval processes.
Greater Transparency
Makes financial data easier
to access and analyze for
all interested parties.
Major Cost Savings
Slashes expenses for
governments, companies,
and individual data users.
A primer on the technology that
powers your financial data
Intrinio | www.intrinio.com
2009
The year the SEC
required public
companies to file
forms in XBRL.
17K
Distinct concepts in
the US-GAAP
taxonomy used in
XBRL filing.
60
Countries that use
XBRL with mandatory
or voluntary
participation.
$1B
Did you know?
Australia saved $1
billion in their first
year of universal
XBRL adoption.*
* H T T P S : / / W W W . X B R L . O R G / S B R - S A V I N G S - I N - A U S T R A L I A - S O A R /