Investor Shelf

Charts / Meritech Capital

Median Payback Period in Months

Median Payback Period in Months
Chart by Meritech Capital. Source: meritech.substack.com

The chart illustrates the median CAC payback period in months for public software companies from Q3 2021 through Q4 2025. Payback periods increased significantly from 17.2 months in Q3 2021 to a peak of 31.5 months in Q1 2025.

LabelValue shown on the chart
Q3'2117.2
Q4'2117.4
Q1'2220.4
Q4'2225.6
Q1'2328.1
Q4'2329.0
Q1'2429.1
Q3'2429.5
Q4'2427.7
Q1'2531.5
Q3'2527.5
Q4'2527.4

Shown as a preview with credit and a link to the original. Publishers can request removal.

View the original on meritech.substack.com

More charts from Meritech Capital