Affiliate marketing statistics for 2026 describe a channel that is growing in money while getting harder to convert per click. US affiliate spending rose from $9.1 billion in 2021 to $13.62 billion in 2024, an increase of 49.8% (Performance Marketing Association, Industry Study 2025, Jun 2025). Yet publishers received about $1.4 billion of the $19 billion that Awin's network generated for advertisers in its latest financial year (Awin, About us, Oct 2026).
The page covers market size, commission rates and payout terms, conversion, who earns the money (publishers, creators and platforms), tracking loss and fraud, disclosure law and the effect of AI. Each one links to the organisation that produced it: a trade body, a network reporting its own platform data, a regulator, a company filing or a platform help page. Network and vendor surveys are labelled as such, and where two sources disagree, both appear. The page is refreshed every month.
Key Takeaways
- US affiliate spending produced $113 billion in e-commerce sales in 2024, 9.4% of all US e-commerce sales (Performance Marketing Association, Industry Study 2025, Jun 2025).
- UK brands invested £1.8 billion in affiliate and partner marketing in 2025 and generated £20.7 billion in revenue, a 15:1 return that rises to 19:1 in travel (APMA, State of the Affiliate Nation 2026, Sep 2026).
- impact.com powered close to $120 billion in partner-referred sales and over $5 billion in partner payouts in its fiscal year ending January 2026 (impact.com, 2025 momentum release, Jan 2026).
- Amazon Associates pays 10% on luxury beauty, its top fixed rate, and 1% on grocery and health and personal care (Amazon Associates, Standard Commission Income Statement, Oct 2026).
- The average impact.com affiliate order jumped 16% to $130 in the first half of 2026 while conversion rates fell 12% (impact.com, H1 2026 Consumer Shopping Trends, Aug 2026).
- 28% of BuzzFeed's 2025 revenue came from Amazon, mainly from affiliate commerce transactions (BuzzFeed, Form 10-K for 2025, Mar 2026).
- People Inc. booked $291.9 million of performance marketing revenue in 2025, up from $243.9 million (IAC, Form 10-K for 2025, Feb 2026).
- The Arena Group's performance marketing revenue halved to $5.4 million in the first half of 2026, which it ties to lower referral traffic and changes to partners' commission structures (Arena Group, Form 10-Q for June 2026, Aug 2026).
- 69% of surveyed affiliate publishers are concerned that Google algorithm changes and AI Overviews are reducing their traffic and revenue (Performance Marketing Association, Industry Study 2025, Jun 2025).
- Awin's tracking upgrade program reclaimed $578 million in advertiser revenue that tracking failures would otherwise have lost (Awin, CPI: What Happened Next, May 2026).
- 69.19% of affiliate YouTube videos in a 2026 study were non-compliant with FTC disclosure standards (Sun et al., Turning Trust to Transactions, ICWSM 2026, May 2026).
- Only 0.2% to 0.5% of affiliate sales on Awin contain AI traffic in the UK, US, Germany and France (Awin, Two Years On: Has the Affiliate Landscape Changed?, Jul 2026).
- Google organic search traffic to more than 2,500 news sites fell 33% globally between November 2024 and November 2025 (Reuters Institute, Journalism, media, and technology trends and predictions 2026, Jan 2026).
- Partnerize estimates that publishers drive conversions at 2.06 times the rate click-based attribution captures (Partnerize, 2025 Clickless Affiliation Index, Dec 2025).
How big is the affiliate channel, and is it still growing?
Yes. In the US it is growing about twice as fast as the e-commerce it feeds, but the growth is uneven. Money is moving from retail toward finance, travel and creators, and the per-click economics are getting worse even where totals rise.

How much do brands spend on affiliate and partner programs?
Spend is rising in both large markets, but network data shows brands paying more per sale rather than buying many more sales.
- The US spending rise equals a compound annual growth rate of 14.42%, twice the pace of the broader e-commerce market (Performance Marketing Association, Industry Study 2025, Jun 2025).
- The UK affiliate and partner channel grew 7.3% in 2025, five times faster than the UK economy (APMA, State of the Affiliate Nation 2026, Sep 2026).
- Total brand spending on impact.com affiliate programs grew only 1% in 2025, across 2,368 North American retail brands (impact.com, 2025 Affiliate Marketing Benchmark, Feb 2026).
- In the first half of 2026 those brands raised total partnership spending 10%, and commissions made up 90% of it, up from 86% in 2025 (impact.com, H1 2026 Consumer Shopping Trends, Aug 2026).
- Close to one pound in every five of UK affiliate spend now goes outside traditional last-click cost-per-acquisition deals, into tenancy, hybrid and other models (APMA, State of the Affiliate Nation 2026, Sep 2026).
- Awin advertisers committed over $31 million in flat tenancy fees in the 2025 peak run-up, up 26% on the year, and those fees now take 9.4% of budgets (Awin, Cyber Weekend 2025 Wrapped, Dec 2025).
- 74% of brands in impact.com's survey of 818 marketers generate 11% to 30% of their total revenue from affiliate marketing (impact.com, State of Affiliate Marketing 2025, Nov 2025).
- 69% of B2B SaaS companies surveyed plan to increase their investment in partnerships in the coming year, in a sample of 100 senior leaders (PartnerStack and Wynter, State of Partnerships in GTM 2026, Sep 2025).
How much revenue does the channel drive, and at what return?
A lot, with returns that look good in every national dataset, though each network counts differently and the totals do not add up to one global number.
- Affiliate marketing generates an estimated 15% to 20% of sales for companies that use it as a strategy (Performance Marketing Association, Industry Study 2025, Jun 2025).
- Return on ad spend in the US reached $19 per dollar in travel and $11 in retail, with department stores at $21, office supplies at $20 and automotive parts at $19 (Performance Marketing Association, Industry Study 2025, Jun 2025).
- The UK channel drove 357 million transactions in 2025, roughly 41,000 every hour (APMA, State of the Affiliate Nation 2026, Sep 2026).
- It also produced 14.8 billion clicks in 2025, or 470 a second (APMA, State of the Affiliate Nation 2026, Sep 2026).
- Across Cyber Weekend 2025, more than £1 in every £7 spent in the UK was tracked through an affiliate link, up from £1 in £8 a year earlier (APMA, State of the Affiliate Nation 2026, Sep 2026).
- CJ reports more than $1.8 billion in annual publisher commissions on its platform (CJ, Publisher page, Oct 2026).
Which sectors, networks and partner types are growing?
Retail still leads, but its share is falling, and networks now describe themselves as partnership platforms rather than affiliate lists.
- Retail's share of US affiliate spend fell from 76% to 63%, while financial services rose from 12% to 15%, travel from 5% to 9% and telecommunications from 3% to 7% (Performance Marketing Association, Industry Study 2025, Jun 2025).
- Retail is 47% of UK spend, and in telecoms affiliates deliver around one million new customers a month (APMA, State of the Affiliate Nation 2026, Sep 2026).
- Awin describes a network of 1 million partners and 30,000 brands across 17 countries (Awin, US momentum release, Apr 2026).
- CJ says it serves over 3,800 brands and an ecosystem of more than 167,000 publishers and brands (CJ, About us, Oct 2026).
- PartnerStack lists over 123,000 active partners in its B2B network (PartnerStack, State of Partnerships in GTM 2026 release, Sep 2025).
- Enterprise partner commissions on PartnerStack grew 63% in 2024, outpacing mid-market growth (PartnerStack, Research Lab, Jan 2025).
- Awin says sales from brand partnerships rose 93% year on year, making them its fastest-growing partner type (Awin x Forrester, Deep Dive, Jun 2025).
- 59% of brands plan to put at least 25% of their affiliate budgets into creator partnerships (impact.com, State of Affiliate Marketing 2025, Nov 2025).
What do affiliate programs pay in commissions, cookie windows and fees?
Low single digits on physical goods, much more on software, and different terms at every program.

Which commission rates do major programs pay?
Retail programs pay a few percent of the order, while software programs pay a share of the first sale or a flat bounty.
- Amazon pays 4.5% on physical books, kitchen and automotive, and 3% on toys, furniture, home improvement, beauty and sports (Amazon Associates, Standard Commission Income Statement, Oct 2026).
- Gift cards, wireless plans and alcohol earn 0% at Amazon, while the "all other categories" rate is 4% (Amazon Associates, Standard Commission Income Statement, Oct 2026).
- Target Partners advertises earnings of up to 8% on qualifying purchases (Target Partners, Program page, Oct 2026).
- Apple pays 7% of sales revenue on TV, movies and Apple Books, with a 30-day cookie window (Apple Services Performance Partners, Commissions and Payments, Oct 2026).
- Nike offers up to 15% on valid US sales through its affiliate program (Nike Help, Nike Affiliate Program, Oct 2026).
- Shopify pays up to $150 per qualified referral, with no cap on total earnings (Shopify, Affiliate Program, Oct 2026).
- Adobe pays 85% of the first month's subscription price on eligible plans and 8.33% of the first year on annual prepaid plans (Adobe, Affiliate Program, Oct 2026).
- HubSpot pays 30% recurring commission for up to one year, up to $1,000 or more per sale (HubSpot, Affiliate Program, Oct 2026).
- Semrush pays $100 to $300 per sale, up to $450 by product and tier, plus $10 per trial activation (Semrush, Affiliate Program, Oct 2026).
- Among PartnerStack's top 25 vendors the average commission payout was 23.53% (PartnerStack, Research Lab, Mar 2024).
- Awin programs with two or three commission groups generated 126% more sales value than programs on a single flat rate, and programs with four or more groups generated 546% more (Awin, The Commission Group Multiplier Effect, Aug 2026).
How long do affiliate tracking windows last?
From one day to half a year.
- Amazon credits an order placed within 24 hours of the click, or an item added to the cart and bought within 89 days of the click (Amazon Associates, Program Policies, Apr 2026).
- eBay pays on a Buy It Now purchase within 24 hours of the click, and on an auction bid placed within 24 hours that the user wins within 10 days (eBay Partner Network, Rate Card, Oct 2026).
- Target uses a 7-day cookie with last-click attribution and puts its earnings per 100 clicks at about $3 to $4 (Target Partners, FAQ, Oct 2026).
- Shopify tracks referrals for 30 days, and tracks free-trial referrals for up to 400 days until the store becomes a paid plan (Shopify, Affiliate Program, Oct 2026).
- Semrush offers last-click attribution with 120 days of cookie life (Semrush, Affiliate Program, Oct 2026).
- HubSpot's window is 180 days (HubSpot, Affiliate Program, Oct 2026).
- Nike's cookie lasts seven days (Nike Help, Nike Affiliate Program, Oct 2026).
- On impact.com each contract between a brand and a partner defines its own referral window, so there is no network-wide default (impact.com Help Center, Referral Window Explained, Oct 2026).
When do affiliates get paid, and what do networks charge?
Slowly, and with minimums. Money often arrives two to three months after the click, because networks wait out returns before they release it.
- Amazon pays commissions approximately 60 days after the end of the calendar month in which they were earned (Amazon Associates, Program Policies, Apr 2026).
- Amazon's US payment minimum is $10 for direct deposit and gift cards and $100 for cheques, which also carry a $15 processing fee (Amazon Associates, Program Policies, Apr 2026).
- eBay Partner Network pays on or around the 10th business day of each month (eBay Partner Network, Payment Calendar, Oct 2026).
- Apple runs a 60 to 90 day payment cycle and triggers a payout automatically at $30 when no custom threshold is set (Apple Services Performance Partners, Commissions and Payments, Oct 2026).
- Shopify posts commissions once a month, on the 22nd, and requires a $10 minimum balance before withdrawals (Shopify, Affiliate Program, Oct 2026).
- Etsy says commissions are typically validated 30 days after the sale to account for returns or cancellations (Etsy, Affiliates and Creators, Oct 2026).
- Awin releases publisher payments twice a month, on the 1st and the 15th (Awin, What is affiliate marketing?, Oct 2026).
- Awin's Access plan costs advertisers $49 a month plus a 3.5% tracking fee per transaction, and its Accelerate plan starts at $99 a month plus 2.5% (Awin, Pricing and Plans, Oct 2026).
- impact.com recommends a default locking period of 27 days after the end of the month in which an action is tracked (impact.com Help Center, Action life cycle, Oct 2026).
- From 1 October 2026 impact.com suspends a brand's account when an invoice is more than 40 days overdue, down from 60 days (APMA, impact.com cuts overdue payment window to 40 days, Oct 2026).
- 51% of publishers in earlier APMA research said payment issues had a moderate to significant impact on their business (APMA, impact.com cuts overdue payment window to 40 days, Oct 2026).
How well do affiliate shoppers convert and spend?
Order values are climbing and conversion rates are sliding, which means the channel is getting more valuable per sale and harder per click. The evidence comes from networks reporting their own platforms, so the numbers are a strong signal rather than an audit.

Do marketers think the channel works?
Yes, by a wide margin. Complaints concern fraud and brand control more than results.
- 92% of nearly 700 marketing decision makers in the UK, US, France and Germany rated affiliate marketing effective or highly effective (Awin x Forrester, Global Views on Affiliate Marketing, Oct 2025).
- German marketers rated it highest at 99%, against 88% in France (Awin x Forrester, Global Views on Affiliate Marketing, Oct 2025).
- In the UK, US and Germany the top challenge was brand consistency, followed by fraud and then relationship management (Awin x Forrester, Global Views on Affiliate Marketing, Oct 2025).
- Email and newsletter partners were in 59% of surveyed programs, and brand partnerships in 54% (Awin x Forrester, Deep Dive, Jun 2025).
- 94% of brands are experimenting with or planning to adopt alternative attribution models within a year (impact.com, State of Affiliate Marketing 2025, Nov 2025).
How do affiliate orders and conversion rates compare year over year?
Fewer transactions at higher values, with a handful of partner types doing most of the closing.
- In 2025 clicks rose 2% across impact.com's 2,368 North American retail brands, while transactions fell 5% and conversion rates fell 6% (impact.com, 2025 Affiliate Marketing Benchmark, Feb 2026).
- The average order rose 4% in 2025, from $118 to $123, as items per order went from 2.3 to 2.5 (impact.com, 2025 Affiliate Marketing Benchmark, Feb 2026).
- Loyalty and rewards partners drove 55% of impact.com transactions in the first half of 2026 (impact.com, H1 2026 Consumer Shopping Trends, Aug 2026).
- Content and network partners generated 63% of clicks in 2025 but only 27% of transactions, because they work earlier in the buying journey (impact.com, 2025 Affiliate Marketing Benchmark, Feb 2026).
- Influencers made up 6% of transactions and 3% of consumer spend in 2025, yet their transaction volume grew 65% (impact.com, 2025 Affiliate Marketing Benchmark, Feb 2026).
- Buy now, pay later partners had the highest average order value of any Partnerize partner type, at $156.19, and a 50.46% share of new-to-file customers in the 2025 peak run-up (Partnerize, Decoding Peak 2025, Nov 2025).
- Among 1,046 US shoppers, 36% said knowing a gift guide contains affiliate links raises their trust, 31% said it has no effect and 25% said it lowers it (impact.com, 2026 holiday shopping trends survey, Sep 2026).
What happens to affiliate sales at Black Friday and Prime Day?
Peak weeks bring more clicks and fewer conversions, and the networks disagree on the direction of order value because their cohorts differ.
- Across Awin's like-for-like cohort, Cyber Weekend 2025 sales were down 1% and traffic up 1% year on year (Awin, Cyber Weekend 2025 Wrapped, Dec 2025).
- Black Friday sales rose 3% on Awin, while Cyber Monday sales fell 11% (Awin, Cyber Weekend 2025 Wrapped, Dec 2025).
- Over Cyber Weekend, Awin US sales fell 3%, Brazil 11% and Australia 12%, while the UK, Italy, France, Spain and the Netherlands grew (Awin, Cyber Weekend 2025 Wrapped, Dec 2025).
- Pet and pet care sales rose 32% over Cyber Weekend, while department stores fell 15% (Awin, Cyber Weekend 2025 Wrapped, Dec 2025).
- Black Friday took 31% of all Cyber Week revenue on impact.com, and Cyber Monday had the highest conversion rate of the week, up 7% (impact.com, Cyber Week 2025 research, Dec 2025).
- Partnerize recorded clicks up 31% and conversion rate down 26% across Cyber 5 2025, 27 November to 1 December (Partnerize, Peak 2025 Cyber 5 performance summary, Dec 2025).
- Mobile produced 63% of Partnerize's global retail affiliate revenue in the run-up to Singles' Day 2025 (Partnerize, Decoding Peak 2025, Nov 2025).
- During Prime Day 2026, spending tracked through partner channels on retailers' own sites fell 45% year on year (impact.com, Prime Day 2026 halo effect analysis, Jul 2026).
- Average order value on impact.com brands during that event fell 27%, from $221 to $160 (impact.com, Prime Day 2026 halo effect analysis, Jul 2026).
Who earns affiliate revenue: publishers, creators or platforms?
Affiliate revenue is concentrating in a handful of large publishers and one retailer, and the filings show a split: it grew at some publishers in 2025 and fell at others, with most reporting weaker traffic in 2026.

How much affiliate revenue do listed publishers report?
Only a few break it out. Where they do, the lines are large and moving in opposite directions.
- IAC says People Inc.'s performance marketing revenue rose 21% in 2025, mainly because affiliate commerce commissions grew on higher transaction volumes and retailer volume incentives (IAC, Form 10-K for 2025, Feb 2026).
- That revenue equals about 26% of People Inc.'s digital revenue and about 12% of IAC's consolidated 2025 revenue (IAC, Form 10-K for 2025, Feb 2026).
- In the first half of 2026 People Inc.'s digital performance marketing revenue rose 14%, to $134.9 million from $118.3 million (People Inc., Form 10-Q for June 2026, Aug 2026).
- BuzzFeed earned $55.5 million of affiliate commerce revenue in 2025, down from $59.6 million, because partners paid fewer supplemental bonuses (BuzzFeed, Form 10-K for 2025, Mar 2026).
- BuzzFeed's affiliate commerce revenue fell to $15.6 million in the first half of 2026 from $22.7 million, which it blames on a deliberate cut in marketing spend and traffic headwinds (BuzzFeed, Form 10-Q for June 2026, Aug 2026).
- The New York Times reported $308.1 million of affiliate, licensing and other revenue in 2025, about 11% of its total, a line that includes Wirecutter referrals (New York Times Company, Form 10-K for 2025, Feb 2026).
- Wirecutter affiliate referral revenue grew by $5.1 million in 2025 (New York Times Company, Form 10-K for 2025, Feb 2026).
- The Arena Group grew performance marketing revenue 79.7% to $19.6 million in 2025, about 15% of its revenue, by expanding its affiliate partner network (Arena Group, Form 10-K for 2025, Mar 2026).
- Future plc says its affiliate revenue fell 6% organically in the year to September 2025, "mainly driven by the audience decline," as sessions fell 10% to 317 million (Future plc, 2025 Full Year Results, Dec 2025).
- Future also reports that only 16% of its total revenue is now directly correlated to website sessions (Future plc, Half Year Results, Mar 2026).
- One customer, a financial services provider, accounted for 26% of NerdWallet's 2025 revenue, which the company earns mainly through referral fees, lead generation and partner-based monetization (NerdWallet, Form 10-K for 2025, Feb 2026).
- On the advertiser side, Beachbody replaced its multi-level network with a single-level affiliate model in November 2024, and partner compensation fell from $119.3 million in 2024 to $26.3 million in 2025 (Beachbody Company, Form 10-K for 2025, Mar 2026).
How much do creators drive through affiliate links?
Billions in sales, and brands are spreading their budgets across many more creators.
- Creators on LTK drive more than $6 billion in annual retail sales (LTK, 2026 LTK Awards release, Sep 2026).
- Brands invested $450 million in LTK creators in the 12 months to September 2026 (LTK, 2026 LTK Awards release, Sep 2026).
- LTK says more than 500,000 vetted creators feed its shopping discovery experience (LTK, Shopping discovery release, Sep 2026).
- More than 3,700 brands use the LTK Brand Platform, and the number of creators brands invest in is up more than 275% (LTK, Agentic experience release, Aug 2026).
- A YouTube channel needs only 500 subscribers and Partner Program membership to join the YouTube Shopping affiliate program (YouTube for Creators, YouTube Shopping, Oct 2026).
- Instagram's share of Awin creators' primary platform fell from 78% in 2024 to 62% in 2026, while TikTok rose from 6% to 15% and YouTube from 8% to 14% (Awin, Two Years On: Has the Affiliate Landscape Changed?, Jul 2026).
- During Cyber Week 2025 influencers' share of impact.com transactions rose from 5% to 9%, with revenue up 51% (impact.com, Cyber Week 2025 research, Dec 2025).
What do independent affiliate publishers earn, and what worries them?
Income is skewed toward experience, traffic comes from search, and the biggest worry is Google. The one large independent survey is from 2023, so treat its earnings as a snapshot of site owners.
- The average respondent in Authority Hacker's survey of 2,270 affiliate marketers earned $8,038 a month, and the average affiliate website made $149.76 per 1,000 visitors (Authority Hacker, Affiliate Marketing Survey, Sep 2023).
- Affiliates with three or more years of experience earned 9.45 times more than beginners (Authority Hacker, Affiliate Marketing Survey, Sep 2023).
- 78.3% named SEO as a primary traffic source, against 35.5% for organic social, 22.8% for email and 20.2% for paid ads (Authority Hacker, Affiliate Marketing Survey, Sep 2023).
- 58.5% used Amazon Associates, ahead of ClickBank at 24.6% and ShareASale at 21.8% (Authority Hacker, Affiliate Marketing Survey, Sep 2023).
- 77.1% worked alone with no team, and 45.3% said getting traffic was their biggest challenge (Authority Hacker, Affiliate Marketing Survey, Sep 2023).
- 54% of publishers in the PMA study are confident or very confident about their affiliate business, and 52% will try new forms of promotion (Performance Marketing Association, Industry Study 2025, Jun 2025).
How much affiliate revenue do tracking gaps, fraud and rules put at risk?
Most lost revenue is a tracking problem rather than fraud, and the largest compliance gap is on the creator side. The sums that networks report recovering are large, and the rules are tightening on both sides of the Atlantic.

How much revenue does broken tracking cost?
Enough that the largest European network made fixing it mandatory. Browsers cap cookies that affiliate links depend on.
- Awin announced its Conversion Protection Initiative on 23 October 2024, requiring advertisers to upgrade tracking or have modelled sales added to their programs from 7 April 2025 (Awin, Conversion Protection Initiative announcement, Oct 2024).
- By September 2025 Awin had upgraded or augmented tracking for more than 3,000 advertisers, recovering over one million conversions and more than $100 million in revenue (Awin, CPI recovers $100M in affiliate revenue, Sep 2025).
- In an Awin internal study of 25,000 sales, 22% of tracked conversions were visible only because of server-to-server tracking (Awin, CPI recovers $100M in affiliate revenue, Sep 2025).
- A year after launch, more than 2,300 advertisers had upgraded and more than $37 million in commissions had been recovered for publishers (Awin, Making More Clicks Matter: One Year of CPI, Apr 2026).
- Advertisers that upgraded saw sales up 3.5% and conversion rates up 6.4% year on year, while the platform average for traffic fell 15% (Awin, CPI: What Happened Next, May 2026).
- Awin's affiliates drove more than eight billion clicks in the year to April 2026, down 15% year on year (Awin, Making More Clicks Matter: One Year of CPI, Apr 2026).
- Safari deletes cookies created in JavaScript, and other script-writeable storage, after 7 days without user interaction with the site (WebKit, Tracking Prevention in WebKit, Oct 2026).
- When a link carries click IDs in the URL, Safari caps the expiry of JavaScript cookies on the landing page to 24 hours (WebKit, Tracking Prevention in WebKit, Oct 2026).
- Safari also caps cookies set through third-party CNAME-cloaked or IP-cloaked requests at 7 days, which hits tracking domains mapped to a network's servers (WebKit, Tracking Prevention in WebKit, Oct 2026).
- Safari 17 began blocking known tracking query parameters in links in Private Browsing in September 2023 (WebKit, WebKit Features in Safari 17.0, Sep 2023).
How do browser extensions and search spam distort attribution?
Coupon and cashback extensions are the most contested part of the channel. Networks now police them, and Google has taken action on affiliate pages that exist to rank.
- Awin Group confirmed that Honey breached its publisher policies and suspended payments to it and its access to new advertiser programs (Awin, Statement on Honey investigation, Jan 2026).
- Honey agreed to fund network access to its source code for verification and to give advance notice of material changes to attribution or stand-down logic (Awin, Statement on Honey investigation, Jan 2026).
- Awin's code of conduct requires every publisher that offers a browser extension to declare it and, where appropriate, sit on soft click status so that its cookies cannot override other publishers (Awin, Ensuring fair attribution, Jan 2025).
- Awin soft click technology shielded more than 29.4 million transactions worldwide in 2025 and saved US brand adopters $6.55 million (Awin, US momentum release, Apr 2026).
- PayPal paid about $4.0 billion for Honey in January 2020 (PayPal, Form 10-K for 2020, Feb 2021).
- The Chrome Web Store listing for PayPal Honey shows 13,000,000 users and a 2.2 out of 5 rating from 179.6K ratings (Chrome Web Store, PayPal Honey listing, Oct 2026).
- Chrome Web Store policy bans extensions from injecting affiliate links without related user action and a tangible benefit, and lists replacing an existing affiliate code as a violation (Google, Chrome Web Store Affiliate Ads policy, Mar 2025).
- A coupon extension must not inject an affiliate link if no valid coupon or discount is available (Google, Chrome Web Store Affiliate Ads FAQ, Mar 2025).
- Google's site reputation abuse policy, announced on 5 March 2024, took effect on 5 May 2024 (Google Search Central, March 2024 core update and new spam policies, Mar 2024).
- Awin and Forrester found uptake of media house partners fell 17% in a year, a drop Awin ties to Google's policy hitting coupon content on publisher sites (Awin x Forrester, Deep Dive, Jun 2025).
- Google defines "thin affiliation" as affiliate pages whose product descriptions and reviews are copied from the merchant with no original content (Google Search Central, Spam Policies, Aug 2026).
- A 2015 University of California San Diego measurement found cookie stuffing "appears to be less prevalent than suggested by previous reports" (Chachra, Savage and Voelker, Affiliate Crookies, Oct 2015).
What do disclosure rules require, and how many creators follow them?
The rules are clear and the compliance rate is low. Regulators in the US, UK and EU all treat the affiliate as responsible for the disclosure, and the penalty powers are now direct.
- A study of a 10-year dataset of 2 million YouTube videos from nearly 540,000 creators found affiliate links in 7.35% of them (Sun et al., Turning Trust to Transactions, ICWSM 2026, May 2026).
- Among 139.9K English-language affiliate videos, only 45.52% included any disclosure, and just 12.20% clearly met FTC guidelines (Sun et al., Turning Trust to Transactions, ICWSM 2026, May 2026).
- Videos made through YouTube Shopping's built-in affiliate tools were the most compliant source, with a 20.7% non-compliance rate and a 61.9% clear compliance rate (Sun et al., Turning Trust to Transactions, ICWSM 2026, May 2026).
- A 2018 study of more than 500,000 YouTube videos and 2.1 million Pinterest pins found only about 10% of affiliate content carried any disclosure (Mathur, Narayanan and Chetty, Endorsements on Social Media, Nov 2018).
- The FTC's revised Endorsement Guides took effect on 26 July 2023 and say a blogger with affiliate links should clearly and conspicuously disclose the compensation (Federal Register, FTC Endorsement Guides, Jul 2023).
- The FTC says "affiliate link" alone may not be an adequate disclosure, "commissionable link" is probably not clear, and "paid link" next to the link should be adequate (FTC, Endorsement Guides: What People Are Asking, Jun 2023).
- The FTC's consumer review rule, which lets the agency seek civil penalties over fake reviews, took effect on 21 October 2024 (Federal Register, Consumer Reviews and Testimonials rule, Aug 2024).
- Amazon's Associates agreement requires members to state "As an Amazon Associate I earn from qualifying purchases" clearly and prominently (Amazon Associates, Operating Agreement, Oct 2026).
- The UK advertising regulator says both the business and the affiliate are responsible under the CAP Code, even when the affiliate created the ad without input from the business (ASA, Online Affiliate Marketing, Oct 2026).
- The CMA's Consumer Enforcement Rules came into force on 6 April 2025, the date it gained power to fine consumer-law breaches directly (CMA, Direct consumer enforcement guidance, Apr 2025).
- The EU Omnibus Directive requires member states to allow fines of at least 4% of annual turnover for widespread infringements, and bans commissioning fake reviews and endorsements (European Union, Directive 2019/2161, Nov 2019).
- In the EU's 2021 review sweep, authorities could not confirm that 144 of 223 websites did enough to keep reviews authentic (European Commission, Sweeps, Jan 2022).
- In the EU's 2023 sweep of 576 influencers, only 34% made the disclosure immediately visible without clicking "read more" or scrolling (European Commission, Sweeps, Feb 2024).
How is AI changing affiliate traffic and commerce?
AI touches a small share of affiliate sales so far, but publishers report falling traffic, and the money model for AI shopping is still being written.

Are AI answers cutting traffic to affiliate publishers?
Fewer searches end in a click, and publishers' own filings name dependence on Google and other platforms as a risk to a model built on referral clicks.
- In Pew's browsing panel of 900 US adults, 58% did at least one Google search in March 2025 that produced an AI summary (Pew Research Center, Do people click on links in Google AI summaries?, Jul 2025).
- Around two-thirds of all searches in that study ended with the user browsing elsewhere on Google or leaving without clicking a result (Pew Research Center, Do people click on links in Google AI summaries?, Jul 2025).
- In Chartbeat data covering publishers, Google delivers 500 times as many referrals as ChatGPT from search alone, and 1,300 times as many once Discover is included (Reuters Institute, Journalism, media, and technology trends and predictions 2026, Jan 2026).
- The New York Times says it relies on third-party platforms for a significant portion of its affiliate referral and licensing revenue while competing with those platforms for product discovery and recommendation (New York Times Company, Form 10-K for 2025, Feb 2026).
- NerdWallet states that it depends on search engines, particularly Google, for traffic, and that past changes have caused declines in traffic and user growth (NerdWallet, Form 10-K for 2025, Feb 2026).
- Partnerize's gap between publisher-driven and click-tracked conversions was widest in home improvement at 2.71 times and fashion at 2.70 times, against 1.87 in consumer electronics and 1.50 in beauty (Partnerize, 2025 Clickless Affiliation Index, Dec 2025).
- Evertune's analysis of the top 10,000 sources cited by AI models found that over 40% of that content either contains affiliate links or is sponsored (Evertune, via impact.com partnership release, Dec 2025).
- In the Awin data, affiliate journeys that include AI carry basket values up to 119% higher, and take on average 60% longer to complete (Awin, Two Years On: Has the Affiliate Landscape Changed?, Jul 2026).
Are AI assistants becoming a shopping and affiliate channel?
They are becoming a shopping channel first. The money model so far is a merchant fee and advertising, with no publisher commission.
- OpenAI says ChatGPT product results are organic and unsponsored, and that merchants pay a small fee on completed Instant Checkout purchases without affecting ranking (OpenAI, Buy it in ChatGPT, Sep 2025).
- ChatGPT shopping research sends buyers to the retailer's site to purchase, and OpenAI says its results are organic and drawn from public retail sites (OpenAI, Introducing shopping research in ChatGPT, Nov 2025).
- OpenAI began testing ads in ChatGPT in the US on 9 February 2026, saying ads do not influence answers, and by August 2026 had launched them in the UK, Mexico, Brazil, Japan and South Korea (OpenAI, Testing ads in ChatGPT, Feb 2026).
- OpenAI says ChatGPT reaches 1.2 billion people each week (OpenAI, Building advertising for the way people use AI, Oct 2026).
- Google says AI Mode shopping draws on a Shopping Graph of more than 50 billion product listings, and began rolling out agentic checkout to US merchants in November 2025 (Google, Agentic checkout and AI shopping tools, Nov 2025).
- Google co-developed the Universal Commerce Protocol as an open standard for AI shopping agents, and added cart, catalog and identity-linking capabilities in March 2026 (Google, Universal Commerce Protocol updates, Mar 2026).
- Perplexity says its shopping product cards are not sponsored and its Merchant Program is free for merchants (Perplexity, Shop like a Pro, Nov 2024).
How widely do brands and affiliates use AI?
Almost universally, but narrowly. Shoppers use it widely and trust it to recommend only brands they already know.
- 97% of brands and 96% of creators already use AI in their partnership programs (impact.com, State of Affiliate Marketing 2025, Nov 2025).
- Most brands deploy only two or three AI use cases within their affiliate strategy (impact.com, How to improve brand visibility in AI search, May 2026).
- 79.3% of affiliate marketers in Authority Hacker's 2023 survey were already using AI for content creation (Authority Hacker, Affiliate Marketing Survey, Sep 2023).
- 69% of US shoppers said they will use AI tools this holiday season, including 86% of Gen Z and 41% of Boomers (impact.com, 2026 holiday shopping trends survey, Sep 2026).
- Only 13% said an AI shopping tool's recommendation would convince them to buy from an unfamiliar brand (impact.com, 2026 holiday shopping trends survey, Sep 2026).
- 24% of Southeast Asian consumers use generative AI tools to support shopping, with Vietnam at 34% and Indonesia at 31% (impact.com, Southeast Asia influencer and affiliate report, Jul 2026).
- Rakuten Advertising launched Mirai in May 2026, a conversational AI agent for managing affiliate campaigns, with no adoption figures attached (Rakuten Advertising, Mirai launch, May 2026).
Methodology and Sources
Every statistic on this page was traced to the organisation that ran the survey, reported the platform data, filed the accounts, published the program terms or wrote the rule, and each URL was fetched and checked for the figure and its date in October 2026. Pages that republish other people's numbers, including other affiliate roundups, were not used. Network and vendor figures from Awin, impact.com, Partnerize, CJ and PartnerStack describe their own platforms or commissioned surveys, which are named as such, and they use different cohorts and definitions, so they are shown side by side and never averaged. Program terms such as commission rates, cookie windows and payout rules were read from each program's own page in October 2026 and change without notice. The Authority Hacker survey was run in 2023 and is cited from the archived copy of its own page, because the live page no longer exists. Percentages marked "about" were calculated from two figures in the same filing. The page is refreshed every month.
Sources
- Performance Marketing Association, Industry Study 2025
- Awin, About us
- APMA, State of the Affiliate Nation 2026
- impact.com, 2025 momentum release
- Amazon Associates, Standard Commission Income Statement
- impact.com, H1 2026 Consumer Shopping Trends
- BuzzFeed, Form 10-K for 2025
- IAC, Form 10-K for 2025
- Arena Group, Form 10-Q for June 2026
- Awin, CPI: What Happened Next
- Sun et al., Turning Trust to Transactions, ICWSM 2026
- Awin, Two Years On: Has the Affiliate Landscape Changed?
- Reuters Institute, Journalism, media, and technology trends and predictions 2026
- Partnerize, 2025 Clickless Affiliation Index
- Performance Marketing Association, Industry Study 2025
- impact.com, 2025 Affiliate Marketing Benchmark
- Awin, Cyber Weekend 2025 Wrapped
- impact.com, State of Affiliate Marketing 2025
- PartnerStack and Wynter, State of Partnerships in GTM 2026
- CJ, Publisher page
- Awin, US momentum release
- CJ, About us
- PartnerStack, Research Lab
- Awin x Forrester, Deep Dive
- Target Partners, Program page
- Apple Services Performance Partners, Commissions and Payments
- Nike Help, Nike Affiliate Program
- Shopify, Affiliate Program
- Adobe, Affiliate Program
- HubSpot, Affiliate Program
- Semrush, Affiliate Program
- PartnerStack, Research Lab
- Awin, The Commission Group Multiplier Effect
- Amazon Associates, Program Policies
- eBay Partner Network, Rate Card
- Target Partners, FAQ
- impact.com Help Center, Referral Window Explained
- eBay Partner Network, Payment Calendar
- Etsy, Affiliates and Creators
- Awin, What is affiliate marketing?
- Awin, Pricing and Plans
- impact.com Help Center, Action life cycle
- APMA, impact.com cuts overdue payment window to 40 days
- Awin x Forrester, Global Views on Affiliate Marketing
- Partnerize, Decoding Peak 2025
- impact.com, 2026 holiday shopping trends survey
- impact.com, Cyber Week 2025 research
- Partnerize, Peak 2025 Cyber 5 performance summary
- impact.com, Prime Day 2026 halo effect analysis
- People Inc., Form 10-Q for June 2026
- BuzzFeed, Form 10-Q for June 2026
- New York Times Company, Form 10-K for 2025
- Arena Group, Form 10-K for 2025
- Future plc, 2025 Full Year Results
- Future plc, Half Year Results
- NerdWallet, Form 10-K for 2025
- Beachbody Company, Form 10-K for 2025
- LTK, 2026 LTK Awards release
- LTK, Shopping discovery release
- LTK, Agentic experience release
- YouTube for Creators, YouTube Shopping
- Authority Hacker, Affiliate Marketing Survey
- Awin, Conversion Protection Initiative announcement
- Awin, CPI recovers $100M in affiliate revenue
- Awin, Making More Clicks Matter: One Year of CPI
- WebKit, Tracking Prevention in WebKit
- WebKit, WebKit Features in Safari 17.0
- Awin, Statement on Honey investigation
- Awin, Ensuring fair attribution
- PayPal, Form 10-K for 2020
- Chrome Web Store, PayPal Honey listing
- Google, Chrome Web Store Affiliate Ads policy
- Google, Chrome Web Store Affiliate Ads FAQ
- Google Search Central, March 2024 core update and new spam policies
- Google Search Central, Spam Policies
- Chachra, Savage and Voelker, Affiliate Crookies
- Mathur, Narayanan and Chetty, Endorsements on Social Media
- Federal Register, FTC Endorsement Guides
- FTC, Endorsement Guides: What People Are Asking
- Federal Register, Consumer Reviews and Testimonials rule
- Amazon Associates, Operating Agreement
- ASA, Online Affiliate Marketing
- CMA, Direct consumer enforcement guidance
- European Union, Directive 2019/2161
- European Commission, Sweeps
- Pew Research Center, Do people click on links in Google AI summaries?
- Evertune, via impact.com partnership release
- OpenAI, Buy it in ChatGPT
- OpenAI, Introducing shopping research in ChatGPT
- OpenAI, Testing ads in ChatGPT
- OpenAI, Building advertising for the way people use AI
- Google, Agentic checkout and AI shopping tools
- Google, Universal Commerce Protocol updates
- Perplexity, Shop like a Pro
- impact.com, How to improve brand visibility in AI search
- impact.com, Southeast Asia influencer and affiliate report
- Rakuten Advertising, Mirai launch
Glossary
- AOV: average order value, the average amount spent per order.
- APMA: Affiliate and Partner Marketing Association, the UK trade body for affiliate and partner marketing.
- CAP Code: the UK Code of Non-broadcast Advertising, enforced by the ASA.
- CMA: Competition and Markets Authority, the UK's competition and consumer protection regulator.
- CPA: cost per acquisition, a model in which the advertiser pays a fixed amount or percentage per sale or sign-up.
- Cookie window: the period after a click during which a sale is credited to the affiliate.
- EPC: earnings per hundred clicks (or per click), a measure of how much a link earns.
- FTC: Federal Trade Commission, the US consumer protection agency that enforces the Endorsement Guides.
- GMV: gross merchandise value, the total value of sales tracked through partner referrals.
- ITP: Intelligent Tracking Prevention, Safari's system for limiting cross-site tracking and cookie lifetimes.
- Last-click attribution: crediting the whole sale to the final link clicked before purchase.
- PMA: Performance Marketing Association, the global trade body for affiliate marketing.
- ROAS: return on ad spend, revenue earned per dollar spent.
- Server-to-server tracking: recording a conversion from the advertiser's server to the network's server, without relying on a browser cookie.
- Soft click: an Awin cookie status that stops browser-extension clicks from overriding earlier publisher clicks.
- Tenancy: a flat fee an advertiser pays for a fixed placement with a publisher.