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Structured methodology As of 2026-04-24

How Email Marketing ROI Calculator works

What the tool assumes, what data it pulls from, and what it cannot tell you.

Education · General business information, not legal, tax, or financial advice. Editorial standards Sponsor disclosure Corrections

1. Scope

Projects revenue, ROI, and cost-per-acquisition for an email campaign from list size, open rate, click-through rate, conversion rate, and average order value. It does not model list decay, deliverability, or spam-folder effects.

2. Inputs and outputs

Inputs

  • listSize number
  • openRate percent
  • clickThroughRate percent
  • conversionRate percent
  • averageOrderValue number (currency)
  • campaignCost number (currency)

Outputs

  • clicks

    listSize × openRate × clickThroughRate.

  • conversions

    clicks × conversionRate.

  • revenue

    conversions × averageOrderValue.

  • roi

    (revenue − campaignCost) / campaignCost.

  • costPerAcquisition

    campaignCost / conversions.

Engine source: src/lib/email-marketing-roi-calculator/engine.ts

3. Formula / scoring logic

opens       = list_size * open_rate
clicks      = opens * ctr
conversions = clicks * cvr
revenue     = conversions * aov
roi         = (revenue - campaign_cost) / campaign_cost

4. Assumptions

  • Every opened email is uniquely opened by a human. Apple Mail Privacy Protection (2021+) inflates reported open rates.
  • Deliverability is 100%. Spam/quarantine-folder losses are out of scope.
  • CTR and CVR are independent of list segment — no segmentation uplift.

5. Data sources

6. Known limitations

  • Open-rate figures have been unreliable since Apple MPP (iOS 15, 2021). Use click-through as the primary engagement metric.
  • Vendor-reported email ROI figures ("$42 per $1 spent") are self-reported and we do not cite them.

7. Reproducibility

Input
list = 10,000, open = 25%, ctr = 3%, cvr = 2%, aov = $50, cost = $200.

Expected output
clicks = 75, conversions ≈ 2, revenue ≈ $75, roi ≈ -62.5% (negative at this conversion rate).

8. Change log

  • 2026-04-24 methodology page first published.

Worked example

Run live against the same engine this site ships (/engines/email-marketing-roi-calculator.js). The inputs and outputs below are recomputed on every build and independently re-verified in CI — they are never hand-authored.

Input

tool
email_marketing_roi_calculator
list_size
10000
open_rate_percent
22
click_through_rate_percent
3
conversion_rate_percent
5
average_order_value
80
campaign_cost
500
unsubscribe_rate_percent
0.5

Output

opens
2200
clicks
66
conversions
3
projectedRevenue
264
projectedRoi
-47.2
costPerAcquisition
151.52
revenuePerSubscriber
0.03
breakEvenConversionRate
9.47
netListSizeAfterCampaign
9950
unsubscribes
50
profit
-236

Frequently asked questions

What does the Email Marketing ROI Calculator calculate?
Projects revenue, ROI, and cost-per-acquisition for an email campaign from list size, open rate, click-through rate, conversion rate, and average order value. It does not model list decay, deliverability, or spam-folder effects.
What inputs does the Email Marketing ROI Calculator need?
It takes 6 inputs: listSize, openRate, clickThroughRate, conversionRate, averageOrderValue, campaignCost. Outputs returned: clicks, conversions, revenue, roi, costPerAcquisition.
What formula does the Email Marketing ROI Calculator use?
The exact computation is: opens = list_size * open_rate; clicks = opens * ctr; conversions = clicks * cvr; revenue = conversions * aov; roi = (revenue - campaign_cost) / campaign_cost
Can I verify the Email Marketing ROI Calculator with a worked example?
Yes. With list = 10,000, open = 25%, ctr = 3%, cvr = 2%, aov = $50, cost = $200. the tool returns clicks = 75, conversions ≈ 2, revenue ≈ $75, roi ≈ -62.5% (negative at this conversion rate).
Where does the Email Marketing ROI Calculator get its benchmark data?
Reference data is sourced from: CAN-SPAM Act compliance guidance, US FTC (as of 2023).
What can the Email Marketing ROI Calculator not tell me?
Known limitations: Open-rate figures have been unreliable since Apple MPP (iOS 15, 2021). Use click-through as the primary engagement metric. Vendor-reported email ROI figures ("$42 per $1 spent") are self-reported and we do not cite them.
Business planning estimates — not legal, tax, or accounting advice.