What is Spend Pacing?
Spend Pacing measures how a campaign's actual spend compares to its planned or budgeted spend at a given point in a campaign's flight, expressed as a percentage of on-track. It is used to catch campaigns that are burning through budget too fast or too slow before the flight ends.
TL;DR
Spend Pacing compares actual spend to planned spend at any point mid-campaign. Over 100% means burning budget too fast, under 100% means underspending, and both need mid-flight correction.
Formula
Spend Pacing = (Actual Spend to Date / Expected Spend to Date) × 100
Why It Matters
Spend pacing catches budget problems while there's still time to fix them, rather than discovering at the end of a flight that a campaign exhausted its budget days early or left money unspent on the table. Overpacing means a campaign will run out of budget before the flight ends, cutting off delivery during what might otherwise be a strong performing period, while underpacing means budget is sitting unused and the campaign is underdelivering on its planned reach or results. Catching either mid-flight lets a media buyer adjust daily bids or budgets to smooth delivery across the full planned period, instead of ending up with an uneven spend curve that skews performance data. It's especially important for campaigns tied to a specific end date, like a seasonal promotion, since running out of budget early during that window can mean missing the exact period the campaign was built around. Consistent pacing also makes performance comparisons across time periods more reliable, since an unevenly paced campaign makes day-to-day results harder to interpret.
Example
A campaign has a $30,000 budget set to spend evenly across a 30-day flight, meaning $15,000 should be spent by day 15. If actual spend at day 15 is $21,000, spend pacing is $21,000 divided by $15,000, times 100, which equals 140%, meaning the campaign is on track to exhaust its budget roughly 9 days early unless daily bids or budgets are adjusted down. Catching pacing issues mid-flight, rather than after the budget runs out, is what lets a media buyer smooth delivery across the full planned period.
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