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Contribution margin per user

Contribution margin per user is revenue per user minus the variable costs of serving that user: delivery, payment fees, support, content or bandwidth, and any incentive granted. It is what a business actually keeps, and it is the honest denominator for judging an offer.

How it is calculated

CM per user = ARPU - Variable cost to serve per user

Discounts and incentives belong in variable cost. An ARPU win funded by margin is not a win.

Why it matters for ARPU

Optimising ARPU without margin produces revenue that costs more than it earns. Markin scores candidate actions on margin-aware value for exactly this reason.