AAAI Conference 2026 Conference Paper
FinMathBench: A Formula-Driven Benchmark for Evaluating LLMs’ Math Reasoning Capabilities in Finance
- Yi He
- Ping Wang
- Shiqiang Xiong
- Chao Chen
- Haixiang Hu
Many existing financial math reasoning benchmarks suffer from data contamination and high manual construction costs. To address this, we propose a novel formula-driven approach to dynamically construct math reasoning benchmarks in finance. Our two-stage approach: (1) generates single-formula questions by LLMs using a "Mask-for-Solve" paradigm for ground truth answers, and (2) synthesizes multi-formula questions through hierarchical tree-based DAGs. Our approach ensures novelty (via LLMs' creativity) and controllability of difficulty (via DAG structure). Based on a self-constructed financial formula bank, we utilize the proposed method to build FinMathBench, the first formula-driven and fully LLM-generated benchmark aimed at assessing LLMs' math reasoning abilities in finance, containing 946 questions across 4 complexity levels. Evaluation results on 40 LLMs demonstrate significant accuracy drops in multi-formula questions, e.g., 72.9% (1-Formula) to 14.0% (4-Formula) for GPT-4o under Chain-of-Thought prompting. Three critical flaws of LLMs are also observed: poor direct calculation performance, bias toward frequently solved variables in formulas, and erroneous "correction" of valid but extreme financial values. These findings highlight gaps in current LLMs' domain-specific reasoning and underscore FinMathBench's value for advancing robust financial LLMs.