In plain English
In advertising it usually means conversions divided by clicks, which isolates what happened after the click. Sometimes it is calculated against impressions, which measures something different entirely.
Read alongside CTR it locates the problem precisely. Good CTR with poor CVR points at the landing page or the offer; poor CTR with good CVR points at the ad.
What to know
Why it matters
Most paid campaigns are fixed on the landing page rather than in the ad account. Conversion rate is what tells you when that is the case.
Common mistakes
FAQs
Clicks or impressions as the denominator?
Clicks, for diagnosing the page. State which you used.
My CVR fell after scaling. Why?
Broader audiences carry lower intent. The page did not change.
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