2026 B2B Benchmark · Finding 07 of 08
Retargeting sourced 9.6x of pipeline per $1 at $196 a lead. Cold prospecting cost $187.
Warm and cold audiences cost about the same per lead. Retargeting returned more pipeline per dollar than lead-gen spend overall, 7.97x.
153 advertisers, $57.6M of 2025 spend, CRM pipeline for 90 of them
Sourced pipeline per $1, 2025
What to do with it
Do
Keep retargeting funded even when its cost per lead looks no better than cold. It pays on pipeline.
Test
Give cold and retargeting their own budget lines. Cold creates the demand that retargeting harvests; judge each on its own pipeline.
Do not assume
That retargeting is the cheap half. It cost $196 a lead against $187 cold.
The numbers
| Audience | Cost per lead |
|---|---|
| Retargeting | $196 |
| Cold prospecting | $187 |
153 advertisers, $57.6M of 2025 spend, CRM pipeline for 90 of them. Pipeline is the value of opportunities the CRM credits to an ad-generated lead.