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Facebook Ads Cost Per Lead Benchmarks for Finance in United States

See how your CPL compares. Explore lead generation cost benchmarks by industry, region, and campaign type

Cost Per Lead for Finance in United States

October 2024 - October 2025

Insights

Detailed observation of presented data

Key takeaways

  • Finance in the United States recorded an average cost per lead (CPL) of $35.41, essentially in line with the global baseline at $35.80 (about 1% lower).
  • Volatility was high: month-to-month changes averaged $14.94 versus $4.50 globally. The range was wide—$9.65 to $56.76 (global range: $20.63 to $41.58).
  • Notable spikes: November 2024 ($54.52) and May–July 2025 (peaking at $56.76). Sharp declines followed in August ($21.46) and September 2025 (low of $9.65).
  • From September 2024 to September 2025, CPL fell 67% (global trend declined 37%).
  • Seasonality is evident: uplift in Q4, elevated levels in Q2, and a pronounced late-summer pullback.

This analysis looks at cost per lead trends for industry Finance and target country United States compared to the global trend. The analysis is based on $3B worth of advertising data from our dataset, which provides strong directional benchmarks.

Selected trend: Finance in the United States

  • Average and range: The period average was $35.41 across 13 months, with a high of $56.76 in July 2025 and a low of $9.65 in September 2025. Overall range: $47.11.
  • Highs and lows:
  • Spikes: November 2024 ($54.52), May 2025 ($54.02), July 2025 ($56.76).
  • Dips: October 2024 ($16.65), August 2025 ($21.46), September 2025 ($9.65).
  • Volatility: Average month-to-month absolute change was $14.94, with the largest moves in October→November 2024 (+$37.86) and July→August 2025 (−$35.30).
  • Trend direction: From $29.55 in September 2024 to $9.65 in September 2025, down 67%.
  • Seasonality: CPL rose into November and December (typical Q4 pressures), eased in Q1, surged in Q2, peaked in July, and fell sharply in late summer.

Global baseline for context

  • Average and range: Global CPL averaged $35.80 with a high of $41.58 (November 2024) and a low of $20.63 (September 2025). Range: $20.95.
  • Volatility: Month-to-month absolute changes averaged $4.50—much steadier than the U.S. Finance series.
  • Trend direction: From $32.88 in September 2024 to $20.63 in September 2025 (down 37%).
  • Seasonality: Clear Q4 uplift (peak in November), relatively stable through Q1–Q2, and a milder late-summer decline than seen in U.S. Finance.

How U.S. Finance compares to the global trend

  • Overall level: In line with global on average (about 1% below market).
  • Extremes: Higher peaks and lower troughs than global, indicating above-market volatility.
  • Month-by-month positioning:
  • Above market: November–December 2024; April–July 2025.
  • Below market: September–October 2024; January–March 2025; August–September 2025.
  • Seasonal pattern alignment: Both series show higher CPLs in Q4. U.S. Finance was notably above market in Q2 (Q2 average $47.82 vs. global $38.86) and then sharply below market by late Q3 due to the August–September drop.

Understanding cost per lead benchmarks on Facebook Ads in industry Finance and United States 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 United States, advertisers often face higher costs due to high competition and purchasing power. 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.

United States Advertising Landscape

National Holidays

Jan 1New Year's Day
Jan 20Martin Luther King Jr. Day
Feb 17Presidents' Day
May 26Memorial Day
Jun 19Juneteenth
Jul 4Independence Day
Sep 1Labor Day
Oct 13Columbus Day
Nov 11Veterans Day
Nov 27Thanksgiving Day
Dec 25Christmas Day

Key Shopping Season

Late November (Thanksgiving & Black Friday weekend), December (Christmas), Back-to-school (July–September), Summer travel season (Memorial Day onwards)

Potential Advertising Impact

CPM and CPC might rise around major holidays like Memorial Day, Independence Day, and Labor Day, especially in travel and entertainment. Black Friday/Thanksgiving weekend triggers massive spikes in retail ad competition. December ad demand typically peaks—retail campaigns require significantly higher budgets. Back-to-school promotions drive increased competition. Juneteenth may see regional engagement rise.

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.