Analyzing keyword performance from Microsoft Ads in Excel allows marketers to identify which terms drive traffic, conversions, and ROI, enabling smarter bidding decisions and budget allocation.
Rather than manually exporting keyword data that quickly becomes outdated, you can establish a live connection for always-current insights.
TLDR
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Step 1:
Install Coefficient from the Office Add-ins store in Excel
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Step 2:
Connect your Microsoft Ads account to Coefficient
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Step 3:
Import Keyword Performance data with customizable metrics
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Step 4:
Set up auto-refresh to keep your keyword data current
Step 1: Install Coefficient and Connect Your Microsoft Ads Account
Start by installing the Coefficient add-in in your Excel workbook and connecting to your Microsoft Ads account.
- Open Excel and navigate to the Insert tab
- Click Get Add-ins and search for “Coefficient”
- Install the Coefficient add-in from the Office Add-ins store
- Once installed, open the Coefficient sidebar and click “Import”
- Select “Microsoft Ads” from the list of available connectors
- Follow the authentication prompts to connect your Microsoft Ads account

Step 2: Import Keyword Performance Data
After connecting your Microsoft Ads account, you can import your Keyword Performance data:
- In the Coefficient sidebar, click “Import from Microsoft Ads”
- Select “Keyword Performance” from the list of available objects
- Choose which metrics you want to include (impressions, clicks, CTR, cost, etc.)
- Apply any filters to focus on specific campaigns or date ranges
- Click “Import” to bring the data into your Excel spreadsheet

Step 3: Set Up Auto-Refresh for Your Data
Keep your Microsoft Ads keyword data fresh by setting up automatic refreshes:
- Select any cell in your imported data range
- Open the Coefficient sidebar and click “Refresh”
- Click “Schedule Refresh” to set up automated updates
- Choose your preferred refresh frequency (hourly, daily, or weekly)
- Confirm your settings to activate the auto-refresh schedule

Analyze Your Keyword Performance
With your Keyword Performance data now in Excel, you can identify your highest-performing and underperforming keywords. Create pivot tables to analyze performance by match type, or build charts that visualize keyword trends over time.
Use Excel’s conditional formatting to highlight keywords with high costs but low conversions, or identify opportunities where increasing bids could yield better results based on current performance metrics.
Microsoft Ads Data Available in Coefficient
Available Objects
- Campaign Performance
- Conversion Performance
- Keyword Performance
- Search Query Performance
- Account Performance
- Ad Dynamic Text Performance
- Ad Extension By Ad
- Ad Extension By Keyword
- Ad Extension Detail
- Ad Performance
- Age Gender Audience
- Audience Performance
Frequently Asked Questions
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