The arithmetic
CTR = clicks ÷ impressions × 100. 1,842 clicks from 128,600 impressions is 1.43%.
That part is settled. What takes practice is knowing which of the numbers your platform handed you is the one you think it is.
Three platforms, three different "clicks"
Meta reports two figures and they are not close. CTR (All) counts every click on the ad — the link, the image, the like, the comment, the share. CTR (Link Click-Through Rate) counts only clicks that reached your destination. On a post with real engagement, CTR (All) runs close to double the link rate. To report on traffic rather than engagement, go to Customize Columns → Engagement and add Link Clicks and CTR (Link Click-Through Rate).
Google Ads reports one CTR per campaign, ad group, and ad, added through Columns → Modify columns. For Search that is clicks on the ad divided by impressions of the ad, and nothing else is folded in.
Amazon Ads reports CTR in Campaign Manager beside spend and ACOS, on the same definition as Google. One difference worth knowing before comparing the two: the Amazon figure is computed on ad impressions only, with organic listings excluded.
Why CTR moves what you pay
Your CPM buys impressions. CTR decides how many clicks those impressions turn into, so at a fixed CPM:
CPC = CPM ÷ (CTR × 10)
At a $12 CPM, a 1.2% CTR costs $1.00 a click. At 1.9% it costs $0.63 — 58% more clicks for the same money.
On Google Search there is a second effect. Your historical CTR is not itself a ranking input, but expected CTR is one of the three components of Quality Score, alongside ad relevance and landing page experience. Ad Rank is your bid combined with those components, so a weak expected CTR raises what it costs to hold a position. Raising the bid does not fix it.
CTR stops at the click
Conversion rate begins where CTR ends. A 4% CTR with a 2% conversion rate is not a contradiction — it usually means the ad found the right people and the page did not finish the job.
Rising CTR with flat ROAS means clicks got cheaper and something downstream is absorbing the gain. The CPM & CPC calculator reconciles spend, impressions, clicks, and CPC when the four stop agreeing, and cost per lead picks up the step after that.