Code and Theory wins a record 16 B2B awards, leading the ANA B2s

The agency earned a record number of wins for impact with clients Amazon Ads, Microsoft, Stanley Black & Decker, Henry Schein and T. Rowe Price.
For the third consecutive year, Code and Theory led the field with the most wins in the Association of National Advertisers (ANA) annual B2 Awards, winning 16 awards of the 35 total, and sweeping the entire "Best Customer Experience" category with Stanley Black & Decker, T. Rowe Price and Henry Schein.
Code and Theory is built for moments when the old playbook stops working. It brings a 50/50 split between engineers and creatives to enterprise challenges where brand, experience, data and technology collide. In a market defined by sunk martech costs, an onslaught of new AI launches and rising pressure to show results fast, Code and Theory helps B2B leaders move from experimentation to measurable outcomes.
Work recognized includes:
Amazon Ads
Seller Speedway connected global campaigns, social, and immersive experiences into one B2B ecosystem, boosting Amazon Ads adoption and drove a 41% lift in seller adoption of AI-powered ad tools.
Henry Schein
A healthcare commerce transformation reduced e-commerce path-to-purchase by 46% and increased revenue per visit by 23%.
Microsoft
The “Yours to Build” campaign translated advanced technology into a developer-first narrative, beating engagement benchmarks by 37%.
Stanley Black & Decker
An industrial-scale design system unified 30+ brands across 55 markets, driving 39% growth in e-commerce sales.
T. Rowe Price
An enterprise-wide design system unified 47 fragmented sites across six languages, accelerating growth, improving operational efficiency and delivering $15M in cost avoidance in a single quarter.
Winners
Gold
Stanley Black & Decker | Corporate/ Brand Website
Gold
Stanley Black & Decker | Customer Experience
Gold
T.Rowe Price | Digital Marketing Tools and Programs
Gold
Microsoft "Yours to Build" | B2B Marketplace
Gold
Amazon Ads "Sellers Speedway" | Proprietary Company Event
Gold
Code and Theory/WSJ Intelligence Experience Gap | Content Marketing
Silver
Code and Theory | Large Agency of the Year
Silver
T. Rowe Price | Customer Experience
Silver
T.Rowe Price | Corporate/ Brand Website
Silver
Henry Schein | B2B Data Excellence
Silver
Amazon Ads "Sellers Speedway" | Trade Show or Conference
Silver
Microsoft "Yours to Build" | Lead Gen
Bronze
Henry Schein | Customer Experience
Bronze
Microsoft "Yours to Build" | Product Launch or Relaunch
Bronze
T.Rowe Price | Industry Sector Spotlight: Banking and Financial Services
Bronze
Amazon unBoxed 2025 | Proprietary Company Event
“This was the most competitive year in the history of ANA B2 Awards.”
The ANA is the definitive voice of the marketing industry, with membership representing 20,000 brands with $400 billion in annual marketing investment. It recognized Code and Theory for its ability to turn complexity, across brand, experience, data and technology, into measurable growth for modern B2B organizations.
This series of wins follows Code and Theory’s 20 Agency of the Year honors during the AI era (2024-2026). Most recently, it was a One Show AI Pioneer, Fast Company Most Innovative Company and Ad Age A-List recipient.
This latest recognition builds on a flurry of new-client momentum, including a three-year strategic partnership with Adobe. Code and Theory recently debuted its Creative Intelligence System (CIS) at Adobe Summit, helping marketers learn before they launch by using synthetic personas to pressure-test decisions earlier in the process.
CIS was featured in a keynote with Adobe CMO Rachel Thornton and Code and Theory CEO Michael Treff. It was actively demoed for the hundreds in attendance at the ANA Masters of B2B Marketing conference.
Dagmara Szluce, Executive Vice President of the Association of National Advertisers, says: “This was the most competitive year in the history of ANA B2 Awards. Across the board, it spotlighted the work raising the bar in business marketing, where creativity, effectiveness and innovation have to show up together. Code and Theory’s 2026 B2B Agency of the Year win is a powerful example of that mission in action. Along with A-List clients like Amazon, Microsoft and Stanley Black & Decker, they are shaping the future of B2B marketing.”
Dan Gardner, Co-Founder of Code and Theory, says: “Enterprise marketers are under more pressure to show results than arguably any time in history. Businesses are being rebuilt in real time by new technology and rising expectations and the winners will be the brands that can connect creativity and engineering into one operating system for growth. We’re proud of what we’ve built with our clients, honored by the ANA’s recognition and even more motivated by what comes next.”
About the Code and Theory Network
The Code and Theory Network is the only network with a balance of 50% creative and 50% engineers at scale. The technology and creative network within Stagwell Group is built to experience change for businesses that need to navigate the complexity of changing consumer behaviors, emerging technologies and AI. With a global footprint and the capabilities to work across the entire consumer journey, we crave the hardest problems to solve. The network includes the flagship agency Code and Theory as well as Kettle, instrument, Left Field Labs, Mediacurrent, Rhythm and Truelogic. Code and Theory clients include Amazon, Apple, JPMorgan Chase, Mayo Clinic, Microsoft, NFL, Pfizer and Yeti.
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newbiz@codeandtheory.comCode and Theory is a proud member of Stagwell Group. Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com
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