You pull five years of stock data, turn it into a chart, add several financial metrics, and write an analysis explaining what changed. The analysis may be original, but the chart and supporting figures still display information obtained or derived from FMP data.
Whether you can publish that work depends on the rights granted by your agreement. The FMP Terms of Service require prior written approval to publish, publicly display, distribute, transmit, or create derivative works from FMP services. FMP's current data-display and licensing information also states that displaying or redistributing FMP-sourced data requires a specific Data Display and Licensing Agreement.
Paying for an individual plan does not change that requirement. Basic, Starter, Premium, and Ultimate provide different levels of data access, historical coverage, and API capacity, but they remain individual-use plans. Publishing FMP-sourced information in a newsletter, blog post, client report, or other multi-user format requires an appropriate commercial arrangement.
Before publishing, identify who will receive the work, which FMP data will appear, how it will be presented, and whether readers can download or reuse it. Those details help define the required agreement, but a small table, transformed chart, or source citation does not create an automatic exception. The Terms of Service and any signed agreement control the permitted use.
Key Takeaways
- API access and publication rights are separate. An individual subscription does not automatically include permission to publish FMP-sourced data.
- A chart, table, screenshot, calculated metric, or research report can display information obtained or derived from FMP data.
- Free publication is still publication. FMP's data-display terms apply whether access is complimentary or paid and whether the audience is internal or external.
- Attribution does not replace written authorization. Follow the source-identification and attribution requirements in the applicable agreement.
- Downloadable spreadsheets, data appendices, and reusable files raise redistribution questions beyond ordinary display.
- Confirm the intended audience, datasets, format, frequency, and download options with FMP before publishing.
Private Research and Published Research Are Different Uses
The clearest distinction is whether the data remains within one person's private, non-business research or reaches another person.
An individual may use FMP data in a private notebook or spreadsheet for personal research, subject to the applicable plan and terms. The situation changes when that work supports an employer or client, appears in a public article, or is delivered to subscribers. A private file can also become a commercial use when it is prepared for a business or another party.
|
Use Case |
Who Receives the FMP-Sourced Information? |
Appropriate Next Step |
|
Personal notebook or spreadsheet |
Only the individual account holder, for non-business use |
Keep the work within the individual plan and its applicable terms |
|
Research prepared for an employer |
A business benefits from the analysis, even if the work remains private |
Confirm commercial-use authorization |
|
Internal report shared with colleagues |
Multiple people inside an organization |
Confirm internal display rights |
|
Public blog post or newsletter |
Readers can view FMP-sourced information |
Obtain an agreement that covers public display |
|
Client report or consulting deliverable |
A client or other third party receives the output |
Confirm the client, format, datasets, and delivery scope |
|
Downloadable spreadsheet or data appendix |
Readers receive reusable source-derived information |
Obtain explicit redistribution rights |
This is why a research workflow should be reviewed again when its audience changes. A personal spreadsheet does not remain a personal-use project once it becomes the basis of a client report, paid subscription, or public newsletter containing FMP-sourced information.
Charts, Tables, and Screenshots Can All Display FMP Data
Changing the format does not remove the underlying licensing question. A line chart may no longer resemble a JSON response, but it still communicates information drawn from the observations used to create it. A table can present selected fields or an extensive financial history. A screenshot may reproduce an API response almost directly.
The same principle applies to calculated values. A return, ratio, ranking, or score may involve original analytical work, but it can still communicate information derived from FMP data. The calculation should be described when the publication rights are reviewed.
|
Published Format |
What the Audience Receives |
What to Describe to FMP |
|
Chart |
A visual representation of source observations or calculated values |
Dataset, securities, date range, frequency, and calculation |
|
Table |
Selected source fields, derived metrics, or both |
Fields, companies, periods, and number of rows |
|
API screenshot |
A direct view of source data and response structure |
Endpoint, fields shown, and publication context |
|
Newsletter or PDF report |
A static publication delivered to readers, subscribers, or clients |
Audience, access model, frequency, and visible data |
|
Spreadsheet or data appendix |
Reusable information outside the publication itself |
File format, fields, history, recipient rights, and download controls |
|
Score, ranking, or signal |
A transformed output based on source inputs |
Source fields, methodology, displayed result, and whether inputs can be reconstructed |
FMP's published terms do not provide an automatic exemption based solely on showing a small number of values or presenting the data in a new format. A narrower display may affect the agreement's scope, but it should still be included in the use-case description.
Original Analysis Does Not Replace Data Rights
Financial research often adds substantial original work. You may clean the inputs, calculate growth rates, compare margins, build a valuation model, develop a screening method, or reach a conclusion that does not appear anywhere in the original response.
That work gives the publication its analytical value. It does not, however, turn the underlying source data into unrestricted publishing material.
For example, a writer might use the Stock Price and Volume Data API to calculate a five-year return and then build a chart. Another analyst might use the Income Statement API to compare revenue growth or operating margins across reporting periods. The formulas, interpretation, and written conclusions may be original, while the displayed inputs and derived outputs still need to be covered by the applicable agreement.
Attribution does not change that requirement. A citation is not a substitute for permission to display or redistribute the data, and any source-identification language should follow the applicable agreement.
The practical approach is to separate three parts of the finished work:
- Source data: The FMP fields and observations used in the analysis.
- Derived output: The calculations, charts, rankings, or summaries produced from those inputs.
- Original commentary: The author's interpretation, argument, and conclusions.
Describe all three when requesting publication rights. This makes it easier to determine what the agreement needs to cover without treating the entire research product as either raw data or wholly independent commentary.
Free, Paid, Public, and Client-Facing Publications All Need Review
Charging for access is not what creates data display. A free article can still place FMP-sourced information in front of an external audience, and the Terms of Service address multi-user display whether access is complimentary or paid.
A paid newsletter, subscription research product, or client report also introduces an explicit commercial relationship. Even if the deliverable goes to only one client, it is no longer personal use. The agreement should identify who receives the publication, whether the engagement is recurring, and whether the recipient may save, copy, or redistribute the material.
Internal distribution also deserves attention. A report shared with coworkers is not public, but multiple people can still receive FMP-sourced information. Privacy and licensing are separate questions.
If readers will access the data through software rather than a static article or report, classify the project using the requirements for public apps, websites, and client dashboards. An interactive dashboard, public website, or client portal may involve display, derived outputs, exports, and redistribution at the same time.
Display and Redistribution Are Not the Same Thing
Display generally means that an audience can see FMP-sourced information. A chart in a newsletter, a financial table in a PDF, or selected figures in a blog post can all be forms of display.
Redistribution becomes a separate concern when the audience receives reusable data. Downloads, spreadsheets, CSV files, JSON files, data appendices, feeds, and scheduled deliveries can allow recipients to use the information independently of the original analysis.
A static client report and a downloadable historical dataset are therefore not operationally identical, but both should be disclosed. The agreement should state whether recipients can only view the publication or can also extract, download, store, or pass along the underlying information.
A simple test can help identify redistribution risk: If the written commentary were removed, would the remaining file still function as a useful financial dataset? If so, describe it as a data-delivery feature rather than only as supporting research.
Prepare a Clear Use-Case Summary Before Publishing
FMP can evaluate a specific publication more effectively than a general question such as, “Can I publish FMP data?” Before requesting approval, document what the publication contains and how it will be distributed.
|
Information to Provide |
What to Describe |
|
Publisher |
Individual, company, employer, agency, or consulting business |
|
Publication |
Blog post, free newsletter, paid newsletter, research report, client PDF, or recurring service |
|
Audience |
Public readers, subscribers, employees, named clients, or another defined group |
|
Access model |
Free, paid, internal, client-only, or mixed |
|
FMP data |
Exact datasets, endpoints, fields, symbols, and historical periods |
|
Data timing |
Real-time, delayed, intraday, end-of-day, historical, or fundamental |
|
Visible output |
Values, tables, charts, screenshots, statements, scores, or rankings |
|
Publication frequency |
One-time, weekly, monthly, quarterly, or on demand |
|
Downloads and exports |
PDF only, spreadsheet, CSV, JSON, appendix, or no downloadable data |
|
Derived analysis |
Calculations, ratios, models, rankings, signals, summaries, or alerts |
|
Distribution rights |
Whether recipients may save, copy, share, or reuse the information |
A useful description might read:
I publish a free weekly newsletter for approximately 2,000 subscribers. Each issue may contain one chart calculated from end-of-day historical prices for up to three U.S. stocks and a small table of selected quarterly financial metrics. Readers cannot download the underlying dataset, and the newsletter does not provide API access or data feeds.
This description identifies the audience, data timing, visible output, scale, frequency, and absence of downloads. FMP can then determine what the appropriate agreement should cover. Do not include an API key or other credentials in the request.
When the planned publication involves FMP-sourced information, use the FMP contact form to describe the use case and request confirmation before distribution. Real-time or delayed market data may also involve exchange-specific requirements, so identify the exchanges and timing rather than describing the inputs only as market data.
Keep the Publication Accurate After Rights Are Confirmed
Once the appropriate publication rights are in place, a few editorial controls make the research easier to verify and maintain.
- Follow the attribution terms. Identify FMP as the source only when permitted or required by the applicable agreement.
- Record the retrieval details. Keep the endpoint, parameters, symbols, periods, and retrieval date with the working file.
- Label calculations. Distinguish values returned by FMP from returns, ratios, estimates, or other figures calculated by the author.
- State the period convention. Make clear whether a value reflects a fiscal period, calendar date, filing date, or market-pricing date.
- Protect credentials. Remove API keys from screenshots, notebooks, URLs, and shared files.
- Control supporting files. Confirm that any spreadsheet, appendix, or download is covered before attaching it to the publication.
- Plan for corrections. Retain enough information to reproduce the analysis if a source value changes or an error is identified.
These practices support accuracy and transparency. They do not expand the rights granted by the applicable agreement.
Confirm the Publication Rights Before Distribution
The central question is not whether the finished work looks like an API response. It is whether another person receives information obtained or derived from FMP data.
A chart can be data display. A client report can be commercial use. A downloadable spreadsheet can be redistribution. Original calculations and commentary add meaningful analytical value, but they do not remove the need to confirm the rights covering the source data and resulting output.
Before publishing, define the audience, datasets, visible information, delivery format, frequency, and download options. Then confirm that the terms and commercial arrangement cover that exact use. If the publication model changes, revisit the agreement before expanding the audience or adding new data-delivery features.
FAQs
Can I publish one FMP-sourced chart in a free article?
A free article can still display FMP-sourced data to an external audience. Confirm that a Data Display and Licensing Agreement covers the chart before publishing it. The number of charts or the absence of a paywall does not create an automatic exemption.
Can I publish a calculated return, ratio, or score instead of the underlying data?
A calculated value is a derived output. The transformation may be your own work, but it does not automatically remove the licensing question. Describe the FMP inputs, calculation, displayed result, and whether readers can reconstruct the source values.
Is attribution enough to publish FMP data?
No. Attribution does not replace the written approval or agreement required for display or redistribution. Identify FMP as the source only when permitted or required by the applicable agreement.
Can I include FMP-sourced information in a client report?
A client report delivers information to a third party and is connected to a commercial engagement. Confirm that the agreement covers the client, datasets, report format, frequency, and any rights the client has to retain or share the report.
Can I give readers the spreadsheet or data appendix behind my research?
A reusable spreadsheet or appendix can involve redistribution rather than display alone. Identify the fields, historical depth, format, recipients, and permitted downstream use, then obtain explicit authorization before providing the file.


