Facebook Ads Insights Tool

Facebook Ads CPM Benchmarks for E-commerce

Understand how your CPM compares. Dive into benchmark data by industry, region, and campaign type

CPM (Cost Per Mille) for E-commerce

October 2024 - October 2025

Insights

Detailed observation of presented data

Key takeaways

  • This analysis looks at cost-per-thousand-impressions (CPM) trends for industry E-commerce and target country All countries available compared to the global trend. The analysis is based on $3B worth of advertising data from our dataset, which provides strong directional benchmarks.
  • E-commerce CPM averages 18.78, sitting 5.2% below the global baseline (19.80) and below market in 10 of 12 months.
  • Seasonality is clear: a sharp Q4 spike in November (peak 24.10), followed by softer prices through Q1–Q2 and a stable summer. The global baseline also peaks in November and shows a late-summer lift that is less pronounced in E-commerce.
  • Volatility is moderate: average absolute month-to-month change is 7.0% for E-commerce vs 7.7% globally.
  • From October 2024 to September 2025, E-commerce CPM declined 8.8% overall (baseline: -5.0%).

E-commerce CPM overview (selected data)

  • Average: 18.78
  • High: 24.10 in November 2024
  • Low: 16.99 in April 2025
  • Range: 7.11 (about 38% of the average)
  • First-to-last change: -8.8% (19.53 in October 2024 → 17.82 in September 2025)
  • Volatility: average absolute month-to-month move of 7.0%

Month-by-month highlights:

  • November 2024: 24.10 (+23% MoM), the annual high aligned with holiday build-up and Cyber Week.
  • December 2024: 20.66 (-14% MoM), still above October, reflecting post-peak normalization.
  • January–March 2025: steady normalization (17.75 → 18.85), with modest growth in March.
  • April 2025: 16.99 (-9.9% MoM), the cycle low.
  • May–August 2025: flat, narrow band of 17.5–18.3 indicating stable summer pricing.
  • September 2025: 17.82 (-2.4% MoM), keeping CPM below the October starting point.

Comparison to the global baseline

  • Average level: E-commerce is 5.2% below the global average (18.78 vs 19.80), signaling below-market CPMs overall.
  • Highs and lows: Both series peak in November (24.10 vs 24.67). The E-commerce trough is in April (16.99) vs January for the baseline (17.97).
  • Volatility: E-commerce is slightly less volatile (7.0% average MoM absolute change) than the baseline (7.7%).
  • Trend slope: E-commerce declines more from start to finish (-8.8%) than the global baseline (-5.0%).
  • Monthly positioning:
  • Above market in only two months—December 2024 (+0.1%) and February 2025 (+0.2%).
  • Most pronounced gaps below market: May 2025 (-11.3%), August 2025 (-10.8%), June 2025 (-8.7%), and April 2025 (-8.7%).
  • Seasonal nuances:
  • Q4 spike is shared: E-commerce Q4 average is 21.43 vs 21.88 globally.
  • The global baseline shows a clearer late-summer bump (August), while E-commerce remains notably flatter across July–August.

What this means for benchmarking

E-commerce CPM across All countries available is consistently below the global baseline, with a pronounced November peak, a soft trough in April, and relatively stable summer months. Understanding cost-per-thousand-impressions benchmarks on Facebook Ads in industry E-commerce and All countries available helps advertisers make more efficient budget and creative choices.

Understanding the Data

Insights & analysis of Facebook advertising costs

Cost Per Mille (CPM) is the cost advertisers pay for 1,000 impressions of their Facebook ad. In the E-commerce industry, Facebook ad costs can be varied, with peaks during holiday seasons and competitive product categories. Geographic targeting affects ad costs based on market competition and user engagement in different regions. 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.

What affects CPM rates on Facebook Ads?

CPMs are heavily influenced by competition, seasonality (e.g., Q4 costs more), audience size, and ad quality. Smaller audiences and lower relevance scores often lead to higher CPMs.

Why does my CPM vary so much between campaigns?

Different campaign objectives, bidding strategies, and even time of day can change your CPM. For example, conversion campaigns usually have higher CPMs than traffic ones. Also, broad targeting tends to drive lower CPMs.

What's a competitive CPM for 2025?

In most industries, CPMs range from $5 to $18 depending on the region and objective. Retail and e-comm campaigns often sit at the higher end. Our live data above shows a breakdown by country and industry.

Does audience size or targeting affect CPM more?

Both matter, but audience quality (intent + match with your offer) usually has more impact than pure size. However, extremely tight audiences often lead to expensive CPMs due to limited delivery opportunities.

Should I worry more about CPM or CPC?

Depends on your goal. For awareness, CPM is more relevant. For performance campaigns, CPC and CPA matter more. But all are connected—inefficient CPMs can inflate your entire funnel.