Facebook Ads Insights Tool

Facebook Ads CPM Benchmarks for Finance

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

CPM (Cost Per Mille) for Finance

October 2024 - October 2025

Insights

Detailed observation of presented data

Key takeaways

  • Based on $3B worth of advertising data from our dataset, which provides strong directional benchmarks.
  • Finance CPMs (cost-per-thousand-impressions) across All countries available averaged 25.09, about 27% above the global baseline average of 19.80.
  • The selected series was more volatile than the market: average month-to-month move ≈4.0 CPM points vs. 1.6 for the baseline.
  • Highest month in the selected data was September (34.61); lowest was June (20.41). From October to September, CPMs rose 29.9%. The baseline fell 5.0% over the same span.
  • Seasonality: both series show elevated costs around Q4 (notably November). Finance shows a pronounced late‑Q3 spike (September) that diverges from the baseline.

What this analysis covers

This analysis looks at cost-per-thousand-impressions trends for industry Finance and target country All countries available compared to the global trend. It is designed for marketers seeking Facebook Ads benchmarks, CPM analysis, and country‑agnostic industry ad performance context.

Selected data overview (Finance, All countries available)

  • Average CPM: 25.09; Median period high: 34.61 (September); Low: 20.41 (June).
  • Volatility: average absolute month-to-month change ≈3.99 CPM points (about 16% of the period average).
  • Notable moves:
  • Largest increase: August → September (+8.00), pushing CPMs to the annual high.
  • Largest decline: May → June (−7.21), marking the annual low.
  • Seasonal pattern:
  • Q4 uplift appears in October–November (26.64 → 27.33), followed by softer December–January (24.30 → 20.41), consistent with typical holiday dynamics easing post‑season.
  • Reacceleration into late Q3 culminates in September’s peak.
  • Trend over time: From October (26.64) to September (34.61), CPMs climbed 29.9%, indicating a strong late-period escalation.

Comparison to the global baseline

  • Level: Finance CPMs were above market every month in the window. The premium ranged from +6% (June) to +79% (September); on average, +27% above the global trend.
  • Averages and extrema:
  • Baseline average: 19.80; high: 24.67 (November); low: 17.97 (January).
  • Selected high (34.61) exceeded the market high by ~10 CPM points; selected low (20.41) also sat above the market low.
  • Volatility:
  • Baseline average month-to-month move ≈1.60 CPM points (~8% of its average) vs. 3.99 for Finance, showing the selected data is materially more volatile.
  • Trajectory:
  • Baseline dipped slightly across the period (−5.0% from October to September), while Finance rose +29.9%.
  • Seasonal alignment in November is evident for both, but Finance diverges with a strong September surge as the baseline softens.

Monthly highlights at a glance

  • Q4: October–November elevated; December cools.
  • Q1: January remains subdued.
  • Late Q2–Q3: sharp May spike, June dip, then steady gains culminating in a standout September.

Understanding cost-per-thousand-impressions benchmarks on Facebook Ads in industry Finance 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 Finance industry, Facebook ad costs can be typically higher due to high competition and valuable conversions. 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.