COLD EMAIL

What 2 million real cold emails reveal about B2B outreach. Every data point from real campaigns

STATISTICS

February 2026 · 2M+ emails · 61K replies · 100+ industries

AVG REPLY RATE

POSITIVE RATE

EMAILS ANALYZED

REPLIES CLASSIFIED

RESEARCH / STATISTICS

Reply Classification

Reply Sentiment Breakdown

Only 14.1% of replies are genuinely positive. Nearly half (45.1%) are auto-replies. The effective "interested reply rate" across all contacts emailed is ~0.64%.

THE FUNNEL

From Send to Interested Reply

1,369,822

28,632 2.09%

8,737 0.64% of total

SEQUENCE POSITION

Initial Message vs Follow-Up

Initial Outreach

79.4%

of all replies

1.83%

Reply Rate

8.90%

Positive Rate

Follow-UP

20.6%

of all replies

7.55%

Positive Rate

1.22%

Reply Rate

The average cold email reply rate is 2.09%. But only 14.1% of those replies express genuine interest making the real "interested" rate roughly 1 in 157 contacts.

The first message drives 79.4% of all replies at a higher reply rate (1.83% vs 1.22%) and higher positive rate (8.90% vs 7.55%). Follow-ups have diminishing returns.

Small companies respond positively at 5.3x the rate of enterprises. Fewer gatekeepers, faster decisions, decision-makers read their own email.

5.3x

Religious institutions (4.28%) reply at 2x the rate of computer software (2.09%). Mission-driven organizations consistently outperform commercial industries.

Informal tone outperforms formal by 78% in positive reply rate. Every cold email guide says "be professional"—the data says be human.

78%

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