Finance

Contribution Margin

Contribution margin is revenue minus variable costs. It covers fixed costs and then profit.

Updated 2026-01-23

Definition

Contribution margin is revenue minus variable costs. It covers fixed costs and then profit.

Formula

Contribution margin = revenue - variable costs

Example

If revenue is $100 and variable costs (COGS + fees + shipping + returns) are $60, contribution margin is $40 (40%).

How to use it

  • Use contribution margin when setting break-even ROAS/CPA targets (profitability depends on variable costs).
  • Separate variable costs from fixed costs (rent, base salaries) to avoid double counting.

Common mistakes

  • Mixing fixed and variable costs inconsistently.
  • Ignoring variable costs like payment fees, returns, or shipping when they matter.

Why this matters

This term matters because cash timing and risk are usually the difference between a plan that works on paper and a plan that survives. Use consistent definitions so decisions are comparable over time.

Practical checklist

  • Write a 1-line definition for "Contribution Margin" that your team will use consistently.
  • Keep the time window consistent (weekly/monthly/quarterly) when comparing trends.
  • Segment results (channel/plan/cohort) before drawing big conclusions from blended averages.
  • Use a calculator that references this term (e.g., Paid Ads Funnel Calculator) to sanity-check assumptions.
  • Read the related guide (e.g., Paid ads funnel: CPM, CTR, CVR -> CPC, CPA, ROAS (with profit)) for context and common pitfalls.

Where to use this on MetricKit

Calculators

Guides