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Facebook Ads Cost Per Lead Benchmarks for Finance in Spain

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Cost Per Lead for Finance in Spain

October 2024 - October 2025

Insights

Detailed observation of presented data

Key takeaways

  • This analysis looks at cost-per-lead trends for industry Finance and target country Spain compared to the global trend; the analysis is based on $3B worth of advertising data from our dataset, which provides strong directional benchmarks.
  • Average cost-per-lead in Spain (Finance) over Oct 2024–Mar 2025 was 127.43, about 3.5x above the global average of 36.60—driven almost entirely by an extreme spike in December.
  • Outside of December, Spanish Finance CPLs were consistently below the global baseline (5 of 6 months below market).
  • A clear Q4 pattern appears: the global baseline rises into November–December; Spain shows a dramatic December surge followed by a steady Q1 cooldown.
  • Volatility was very high in Spain due to the December spike (average absolute month-to-month change ~1,240%), versus a much steadier global trend (~14.7%).

What was analyzed

  • Metric: cost-per-lead
  • Industry: Finance; Country: Spain
  • Period covered for comparison: Oct 2024–Mar 2025
  • Selected_data vs. a global baseline of all industries/countries

Spain, Finance: trend highlights (selected_data)

  • Average: 127.43
  • Median (typical month): 26.57
  • High/low: high 667.55 (Dec 2024); low 0.75 (Oct 2024)
  • First-to-last change: +1,579% (0.75 in Oct 2024 to 12.58 in Mar 2025), largely reflecting an unusually low starting point and a post-spike normalization.
  • Notable moves:
  • Oct → Nov: +~3,977% (0.75 to 30.55)
  • Nov → Dec: +~2,087% (30.55 to 667.55)
  • Dec → Jan: −~95.7% (667.55 to 28.40)
  • Jan → Mar: −~55.7% over two months (28.40 to 12.58)
  • Seasonal pattern: a sharp December surge consistent with heightened Q4 competition, then a steady reset through Q1.

Global baseline: context for comparison

  • Average: 36.60
  • Median: 37.20
  • High/low within the same period: high 41.58 (Nov 2024); low 31.12 (Oct 2024)
  • First-to-last change: +~5.5% (Oct 2024 to Mar 2025)
  • Seasonality: mild rise into November, still elevated in December, then a measured pullback in January and mixed movements through March.

Spain vs. global: how the market compares

  • Overall level: Spain’s average was ~3.5x the global average due to December. Using the median month, Spain (26.57) was below the global median (37.20), indicating most months were below market.
  • Month-by-month positioning:
  • Oct: 0.75 vs 31.12 (−97.6% vs baseline; well below market)
  • Nov: 30.55 vs 41.58 (−26.5%; below market)
  • Dec: 667.55 vs 39.63 (+~1,585%; far above market)
  • Jan: 28.40 vs 35.54 (−20.1%; below market)
  • Feb: 24.75 vs 38.86 (−36.3%; below market)
  • Mar: 12.58 vs 32.84 (−61.7%; below market)
  • Volatility: Spain’s month-to-month swings were extreme (average absolute change ~1,240%), whereas the baseline changed modestly (~14.7%). This underscores a December outlier in Spain against a relatively stable global pattern.

Understanding cost-per-lead benchmarks on Facebook Ads in industry Finance and Spain helps advertisers make more efficient budget and creative choices.

Understanding the Data

Insights & analysis of Facebook advertising costs

Facebook advertising costs vary based on many factors including industry, target audience, ad placement, and campaign objectives. In the Finance industry, Facebook ad costs can be typically higher due to high competition and valuable conversions. For campaigns targeting Spain, advertisers should consider local market factors and user behavior. Different campaign objectives lead to varying costs based on how Facebook optimizes for your specific goals. The data shown represents median values across multiple campaigns, and individual results may vary based on ad quality, audience targeting, and campaign optimization.

Why we use median instead of average

We use the median CTR because the underlying distribution of click-through rates is highly skewed, with a small share of campaigns achieving extremely high CTRs. These outliers can inflate a simple average, making it less representative of what most advertisers actually experience. By using the median—which sits at the midpoint of all campaigns—we provide a more rigorous and realistic benchmark that reflects the true underlying data model and helps you set attainable performance expectations.

Key Factors Affecting Facebook Ad Costs

  • Competition within your selected industry and audience demographics
  • Ad quality and relevance score – higher quality ads can lower costs
  • Campaign objective and bid strategy
  • Timing and seasonality – costs often increase during holiday periods
  • Ad placement (News Feed, Instagram, Audience Network, etc.)

Note: This data represents industry median values and benchmarks. Your actual costs may vary based on specific targeting, ad creative quality, and campaign optimization.

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The data behind the benchmarks

All data is sourced from over $3B in Facebook ad spend, collected across thousands of ad accounts that use Superads daily to analyze and improve their campaigns. Every data point is fully anonymized and aggregated—no individual advertiser is ever exposed.

This dataset updates frequently as new ad data flows in. It will only get bigger and better.

Spain Advertising Landscape

National Holidays

Jan 1New Year's Day
Jan 6Epiphany
Apr 17Maundy Thursday (some regions)
Apr 18Good Friday
Apr 21Easter Monday (some regions)
May 1Labour Day
Aug 15Assumption Day
Oct 13National Day of Spain
Nov 1All Saints' Day
Dec 6Constitution Day
Dec 8Immaculate Conception
Dec 25Christmas Day

Key Shopping Season

Late November–early December (Black Friday/Cyber Monday), Mid-August (summer promotions), December (Christmas & post-Christmas sales)

Potential Advertising Impact

CPM and CPC might increase during Semana Santa (Holy Week) and May Day, particularly for travel and tourism campaigns. 'Puentes' (bridge days) could reduce weekday inventory while pre-holiday traffic boosts media consumption. Black Friday typically marks sharp rises in retail competition. Late December brings peak ad volumes and e‑commerce CPM spikes.

What is considered a good cost per lead on Facebook in 2025?

A good CPL usually ranges from $10 to $50, depending on your industry and target audience. B2C offers tend to be cheaper, while B2B or high-ticket services may see CPLs over $100.

Why is my CPL higher than industry averages?

Your CPL could be high due to weak creative, irrelevant targeting, or an offer that doesn't resonate. Low engagement or poor conversion rates on your landing page can also drive up costs.

Does campaign objective impact CPL?

Yes. Campaigns optimized for conversions or leads tend to generate cheaper and more qualified leads compared to traffic or engagement objectives. Facebook needs clear signals to find the right users.

How can I generate leads at a lower cost without hurting lead quality?

Focus on improving your offer, targeting the right audience, and using high-converting creative. Test native lead forms, but make sure you're still qualifying users properly.

Should I optimize for leads or conversions if my goal is pipeline growth?

If your goal is sales or revenue, optimizing for deeper funnel conversions is better. Optimizing for leads alone can inflate volume but hurt quality.