42 Agency

B2B Paid Media Benchmarks

Real performance data from 87 B2B clients across 14 industries. No surveys. No self-reported data. Just actual campaign metrics from $5M+ in managed ad spend.

87
B2B Clients
14
Industries
$5M+
Ad Spend Analyzed
4 yrs
Data Range

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Get LinkedIn & Google Ads benchmarks, CPL data across 14 industries, InMail performance tactics, and channel-specific insights.

No spam. Real data from 87 B2B campaigns.

LinkedIn Ads Benchmarks

Average CTR
0.65%
Range: 0.16% - 0.94%
Average CPM
$60
Range: $22 - $92
Average CPC
$10.11
Range: $7.91 - $13.71
Average CPL
$276
Range: $207 - $345
MetricPoorAverageGoodExcellent
CTR< 0.30%0.30% - 0.60%0.60% - 0.90%> 0.90%
CPM> $100$70 - $100$45 - $70< $45
CPC> $15$10 - $15$6 - $10< $6
CPL (Lead Gen)> $400$250 - $400$150 - $250< $150
Form Completion Rate< 10%10% - 15%15% - 25%> 25%

Google Ads Benchmarks (B2B Search)

Average CTR
1.30%
Range: 1.04% - 1.70%
Average CPC
$6.29
Range: $2.88 - $8.38
Conversion Rate
0.31%
Range: 0.05% - 0.70%
Cost/Conversion
$606
Range: $332 - $1,075
MetricPoorAverageGoodExcellent
CTR (Search)< 0.80%0.80% - 1.20%1.20% - 2.00%> 2.00%
CPC (Search)> $12$7 - $12$3 - $7< $3
Conversion Rate< 0.15%0.15% - 0.40%0.40% - 1.00%> 1.00%
Cost/Conversion> $800$500 - $800$250 - $500< $250
Search Impression Share< 30%30% - 50%50% - 70%> 70%

LinkedIn CPL by Industry

Cost per Lead across 14 industries. Data segmented by content type and campaign objective.

IndustryContent CPLDirect Lead Gen CPLKey Insight
Legal Tech$97 - $110$300 - $350Role-specific playbooks win
Privacy / Security$130 - $180$280 - $400Regulatory content (EU AI Act)
Construction Tech$150 - $250$400 - $700Owner/GM targeting
EdTech / HR Tech$150 - $300$250 - $500HR decision makers
MarTech / SalesTech$200 - $350$300 - $600Marketing personas
Logistics / Supply Chain$200 - $400$300 - $600Operations targeting
UCaaS / Telecom$200 - $350$300 - $500IT decision makers
Life Sciences$300 - $500$400 - $800Pharma/biotech targets
DevOps / Engineering$400 - $600$1,500 - $2,500InMail w/ incentive: $400-500
Digital Workplace$350 - $550$500 - $800Enterprise targets
Healthcare Tech$400 - $600$800 - $1,000InMail w/ GC: $400-600
FinTech / Payments$200 - $400$1,500 - $1,800Enterprise (50+ emp) premium
Key Insight: Content CPL is 2-4x lower than direct lead gen across every industry. Role-specific content and regulatory content consistently outperform generic guides. For high-CPL industries (DevOps, Healthcare, FinTech), InMail with gift card incentives can reduce CPL by 60-70%.

LinkedIn InMail Benchmarks

InMail performance varies dramatically based on incentive offers. Gift card incentives ($50-$100 value) can double open rates and reduce CPL by 60%+.

Open Rate (No Incentive)
30-36%
Industry average
Open Rate (With GC)
40-50%
+33% improvement
CPL (No Incentive)
$1,500+
Range: $1,000-$2,000
CPL (With GC)
$400-$500
-70% reduction
Incentive TypeOpen RateCPL RangeBest For
Amazon Gift Card ($100-$105)46%$265 - $422DevOps, Enterprise
Spa & Wellness Gift Card40-45%$400 - $600Healthcare, HR
No Incentive30-36%$1,500 - $1,800Strong brand awareness only

Google Search CPL by Industry

IndustryCost/LeadCost/SQLKey Insight
Construction Tech$150 - $300$400 - $700Industry-specific terms
UCaaS / Telecom$200 - $400$500 - $900Service terms
Consumer / B2B$50 - $60E-commerce (499% ROAS)
Legal Tech$900 - $1,500High-intent branded
Healthcare Tech$800 - $1,100$1,400 - $2,300Competitive space
Digital Workplace$1,000 - $1,500$2,500 - $3,000Exact match 2x better
Logistics$1,500 - $3,000CAD pricing
Match Type Impact: Exact match keywords deliver 2-2.5x better efficiency than phrase match. Construction and UCaaS see the lowest CPLs due to less competition. Enterprise software (Digital Workplace, Healthcare) face $1,000+ CPLs.

E-commerce / ROAS Benchmarks

For B2B e-commerce and hybrid consumer/B2B clients, ROAS is the primary metric.

Google Search ROAS
500-550%
Outperforms PMax
PMax ROAS
400-450%
Volume at lower efficiency
Cost/Conv (Search)
$54
E-commerce transactions
Meta CPL (B2B)
$50-$100
Commercial leads

Methodology

These benchmarks are derived from actual campaign data across 87 B2B clients managed by 42 Agency from 2022-2026. Unlike industry surveys, this data comes directly from campaign performance reports, monthly insights, and platform APIs.

  • 87 B2B clients across 14 industries
  • $5M+ in managed ad spend analyzed
  • Data from LinkedIn, Google, Meta, HubSpot
  • North American targeting (US, Canada)
  • B2B SaaS, Healthcare, FinTech, Legal, + 10 more
  • Updated monthly from campaign reports

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