Kippler.

Flight log / Transmission 019

Read your search term report like a mission log

Your keyword list is the flight plan. The search term report is the mission log: what people actually typed before you paid for the click. Since September 2020, Google only shows you the part of that log that clears its privacy thresholds.

By Ronny Cheng Updated 9 min read
warp zone: the 30-second version

> The search term report shows the actual searches that triggered your ads and what they cost. In Google Ads, open Campaigns, then Insights and reports, then Search terms. Review it weekly to add negatives, monthly to find new keywords and intent clusters, and check which pages relevant searches land on. Low-volume terms are hidden for privacy.

Keywords tell you what you meant to buy. Search terms tell you what you actually bought. With broad match, Performance Max and AI Max all widening what a keyword can match, the distance between those two lists has never been bigger, and the search term report is the only place you can measure it.

Read it the way a crew reads a mission log: on a schedule, looking for drift, and writing down what changes as a result. The rest of this post is how.

// 01 · the briefing

What is the search term report?

The search term report lists the actual searches that triggered your ads, with impressions, clicks, cost and conversions for each. It also shows which keyword matched each search and the match type, which tells you how far the search drifted from what you bid on.

A keyword is your bid. A search term is the person's words. One phrase match keyword like "expense management software" can match dozens of distinct searches, and some of them will be searches you'd never have chosen.

// 02 · pre-flight checklist

How do you find the search terms report in Google Ads?

  1. Select Campaigns in the left navigation.
  2. Open Insights and reports, then select Search terms.
  3. Add the Keyword column. It isn't shown by default: open the columns menu, select Attributes, check Keyword, then Apply.
  4. Set a date range long enough to matter. For most B2B accounts, 30 days for weekly triage and 90 days for pattern work.
  5. Sort by cost, not clicks. Waste hides in cost.

Two more views live in the same report. The Performance Max view shows search terms and landing pages for PMax campaigns, with data from March 2023 onward. And for AI Max, the "Search terms and ad combinations" view shows the headlines and landing pages that went with each search.

// 03 · telemetry

What do the match type labels mean?

Label in the reportWhat it tells you
Exact matchThe search was your exact keyword
Exact match (close variant)Same meaning as your exact keyword, different wording or spelling
Phrase match / Phrase match (close variant)The search included the meaning of your phrase keyword
Broad matchThe search was judged related to your keyword
AI MaxThe match came from AI Max expansion, not directly from a keyword

Beyond match type, four columns earn a permanent place in your saved view: cost, conversions, cost per conversion and conversion rate. Add campaign and ad group too, so you can see which part of the account each search belongs to. Click-through rate is useful later, when you look for page gaps, but it's a poor first filter: a term can be clicked often and still never be worth paying for.

Google notes that the match type shown can differ from the match type you set, because broader keywords can also produce narrower matches. For AI Max, a Source column separates matches drawn from your landing pages from AI Max expanded matches.

kipp>

Filter by match type before you filter by cost. If most of the waste sits in one label, you've found the setting, not just the search.

// 04 · signal vs. noise

What does the search term report hide?

A lot, by design. Since September 2020, Google only reports search terms that have enough search volume across all of Google to meet its privacy standards. Terms below the threshold are left out of the individual rows, so your report totals will usually come in under your campaign totals. In February 2021 Google expanded the report to show more queries that meet those standards.

Two things recover part of the picture:

Size the gap before you trust the report. Compare total clicks and cost in the search terms report with the campaign totals for the same period. The difference is the share of your spend you can't audit query by query. The pattern in most long-tail B2B accounts, where niche searches rarely clear volume thresholds, is that this share is big enough to matter.

// 05 · mission log

How do you mine the search term report for negative keywords?

Start with the top 100 terms by cost over 30 days. For each one, ask a single question: would I pay for this click again? Then:

One quirk: you can add keywords and negatives straight from the standard report, but not from the Report editor view. The full build process, match types for negatives and a B2B starter list are in how to build negative keyword lists.

How do you find new keywords in search terms?

The flip side of waste is discovery. Filter for search terms with conversions, then check each one against your keyword list. Each converting term is a candidate for one of three moves:

  1. Add it as an exact or phrase keyword so you control its bid, ad and landing page directly.
  2. Give it its own ad group if it represents an intent you don't already have a home for.
  3. Leave it alone if it's a one-off with a single conversion. One data point is a rumor, not a pattern.
// 06 · landing

How do you spot intent and landing page gaps?

This is the part most search term reviews skip, and where some of the most expensive problems sit. Not every relevant search that fails to convert is a bad search. Sometimes it's a good search sent to the wrong page.

Group your relevant search terms by intent, not by keyword. A hypothetical example for an expense software company:

Intent clusterExample searchesWhat the page needs to answer
Problem"employees losing receipts", "slow expense approvals"The problem, named in their words, and how it gets solved
Comparison"expense software for small teams vs spreadsheets"An honest side-by-side and who each option fits
Feature"expense software with card controls"That feature, front and center, not buried on a tour page
Price"expense management pricing per user"Pricing, or a clear reason it isn't public

Then check where each cluster lands. If all four clusters hit the same generic product page, the searcher asking about receipts and the searcher asking about pricing both have to dig for their answer. Clusters with good click-through rates and weak conversion rates are the strongest sign of a page gap rather than a keyword problem. The manual fix: send each ad group to the most relevant page you have, and build dedicated pages for the clusters with the most spend. That alignment between search, ad and page is what message match is about.

kipp>

The search term report is the only document where your buyers describe their problem in their own words, for free. Most teams use it only to find words to block.

// 07 · orbit

How often should you review search terms?

CadenceDate rangeFocus
WeeklyLast 7 to 14 daysTop terms by cost, new negatives, anything new from broad match, PMax or AI Max
MonthlyLast 30 daysConverting terms to promote to keywords, emerging intent clusters
QuarterlyLast 90 daysLanding page gaps by cluster, review of negative lists for over-blocking, hidden share of spend

Like the log in The Martian, the value is in the boring entries. Recording every week is what makes the one week something goes wrong obvious. Skip a month and you'll be reading a backlog instead of a log.

// 08 · go / no-go

Where the search term report breaks

For how search term reviews fit with the rest of running a B2B search program, see the B2B PPC playbook.

kipp> waitlist --join

Something's warming up on the launch pad.

We're building something for people who read posts like this. Early access opens in waves.

Early access, by invitation.

// 09 · comms

FAQ

How do I find the search terms report in Google Ads?

Select Campaigns in the left navigation, open Insights and reports, then select Search terms. Use the dropdown for the Performance Max view.

Why doesn't the search terms report show all my search terms?

Google only reports terms with enough search volume across all of Google to meet its privacy standards. Terms below that threshold are left out of the individual rows.

What is the difference between a keyword and a search term?

A keyword is what you bid on. A search term is what someone actually typed. One keyword can match many different search terms, especially with phrase and broad match.

Can you see search terms for Performance Max?

Yes. The search terms report has a view for Performance Max search terms and landing pages, with data available from March 2023.

How often should you review the search terms report?

Weekly for negatives in any account with meaningful spend, monthly for new keywords and intent patterns, and quarterly as part of a full account audit.

Ronny Cheng has spent 15+ years in performance marketing and led growth on 9+ startup exits across 75+ companies. He writes the Flight log for people who read search term reports for fun.

Receipts

  1. Google Ads Help: About the search terms report
  2. Google Ads Help: Improving the search terms report while maintaining user privacy
  3. Google Ads Help: About search terms insights
  4. Google Ads Help: About the search terms report in Performance Max
  5. Google Ads Help: About reporting in AI Max for Search campaigns
  6. Google Ads Help: Maximize performance on Search with updates to query matching