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Fashion industry intelligence

The cheap window opened and closed.

Two billion dollars in annual run-rate left Meta when Chinese advertisers pulled back. CPMs softened, then normalised. Six structural shifts in fashion advertising from the last twelve months, each with the move to make before Q2 spend is locked.

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Meta and Google · Q2 2026 planning · free to read · one short form

6
structural shifts
12
months of data
2
platforms
Q2 2026
planning window
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The short version

What this report settles

QAFrom the QuickAds ad research library

Fashion advertising reset twice in twelve months. CPMs softened sharply in mid-2025 when two of the largest advertisers cut spend, then came back up 20% year on year by Q1 2026. Interest targeting was replaced by broad plus automated audiences, and creative fatigue is now adding 23 to 35% to acquisition cost without registering in most dashboards.

Everything on this page is drawn from the report itself. The exhibits are real and the figures are the ones inside it.

The questions below are answered in full. The rest of the study opens as soon as you tell us who you are.

$12-15Global fashion CPM on Meta
$18-25US fashion CPM on Meta
+20%Meta CPM increase year on year
-31%Temu ad spend cut, April 2025
-19%Shein daily ad spend decline
20-30%Efficiency gain, hybrid over automated-only

Compiled from public market data across the twelve months to Q1 2026. Every figure is attributed to its source inside the report. Every number on this page is an observed benchmark from the ad set described above. None of it is a projection, and none of it is a performance QuickAds is promising your account.

Answered here

Six questions this report settles with a number

Each answer is quoted from the study and names the ad set it was observed in.

  • What happened to fashion CPMs in 2025 and 2026?

    Question 01 of six

    They softened sharply in mid-2025 when two of the largest advertisers cut spend, then normalised. Global fashion CPMs now run $12 to $15 and US CPMs $18 to $25, up around 20% year on year by Q1 2026. From the QuickAds Fashion Ads Shakeup report.

  • How long do fashion ads keep working before they fatigue?

    Question 02 of six

    Seven to fourteen days. Brands running the same creative past day ten are paying 23 to 35% more per acquisition, and nothing in a standard dashboard flags it. From the QuickAds Fashion Ads Shakeup report.

  • Does interest targeting still work on Meta?

    Question 03 of six

    No. Meta replaced interest stacking with automated audience selection in January 2026, and broad plus Advantage+ now outperforms manual targeting by around 32% on cost per acquisition. From the QuickAds Fashion Ads Shakeup report.

  • Should you run Performance Max on its own for fashion?

    Question 04 of six

    Around 80% of Performance Max budget lands in Shopping inventory anyway, with less control over it. A sixty-forty hybrid with standard Shopping gives margin control on winners and is worth 20 to 30% in efficiency. From the QuickAds Fashion Ads Shakeup report.

  • Is performance marketing alone enough for a fashion brand?

    Question 05 of six

    Nike's six-year direct-to-consumer-only push ended with a 10% revenue decline to $46.3 billion and a return to Amazon. Brands allocating around 20% to awareness see 10 to 15% higher repeat rates, which lowers blended acquisition cost. From the QuickAds Fashion Ads Shakeup report.

  • What should a fashion brand change before Q2?

    Question 06 of six

    Four things: rebuild the creative refresh cadence around a ten-day ceiling, move audience budget into creative, treat the product feed as a creative asset, and split Google spend between automated and standard Shopping. From the QuickAds Fashion Ads Shakeup report.

Sneak peek

One exhibit, partly open

Three of six. Each one carries the verified data and the specific move inside the report.

The six shifts, at a glance

Live rows
ShiftWhat changedFigure
MarketTwo of the largest advertisers pulled back, then CPMs normalised+20% YoY
TargetingInterest stacking replaced by automated audiences-32% CPA
CreativeFatigue is priced into your CPA and invisible in reporting+23-35%
LockedThe catalogue-first wave, the Google hybrid structure and the two-giants comparison

Not a trend report. A planning document.

What to do about it

Five moves, in order

Drawn from the report. The reasoning behind each one sits in the full study.

  1. Set a hard creative refresh cadence at ten days and hold it.
  2. Stop paying for manual audience construction. Move that time into creative volume.
  3. Give the product feed an owner on the creative team, not the engineering team.
  4. Split Google budget rather than handing it all to the automated campaign.
  5. Protect around a fifth of budget for awareness, and measure repeat rate not just CPA.
Who this is for

Built for the people briefing the work

  • Fashion CMOs planning Q2
  • Media planners across Meta and Google
  • Performance leads setting creative cadence
  • Agencies rebuilding fashion account structures
How it was built

Read ad by ad, not modelled

  • Public market data across the twelve months to Q1 2026, built using the QuickAds ad library.
  • Every spend, CPM and CPA figure attributed to its published source inline.
  • Market-level intelligence rather than an ad-by-ad teardown.
  • Written as a planning document for a specific quarter, so figures carry their date.
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