Short answer

Both matter, and for cold email senders on managed infrastructure the domain is the part you control. The big mailbox providers have built their published sender rules around the domain: Gmail, Yahoo and Outlook.com all require SPF, DKIM and DMARC tied to your From domain, and Gmail measures spam rate per domain. None of them publish how they weigh IP against domain. IP reputation still decides a lot at corporate gateways and on IP blocklists, which is why the IPs you send from need to be well run. Most senders don't need a dedicated IP; on Winnr it is an optional $20 per IP per month on Enterprise.

Advice on this topic swings between "you need a dedicated IP" and "only the domain matters". Neither is right. This guide separates what the mailbox providers have actually published from what is inference, and ends with practical recommendations.

Quick comparison

IP reputationDomain reputation
What it attaches toThe IP address your mail leaves fromThe domain in your From address and DKIM signature
Who controls it on shared infrastructureMostly your infrastructure providerMostly you
Built byVolume, consistency, bounces and complaints across everyone using the IPAuthentication, complaints, engagement and list quality for your domain
Main blocklistsSpamhaus SBL, XBL and CSS; Barracuda; SpamCopSpamhaus DBL; SURBL
Moves with you if you change IPsNoYes
Provider visibilityMicrosoft SNDS (IP data for Outlook.com)Google Postmaster Tools (spam rate, authentication, compliance)

Why filtering leans on the domain

What can be said with confidence is that the providers' published rules are domain-centric:

The reasoning behind the shift is straightforward. Shared and cloud infrastructure means one IP can carry mail for many organizations, while DKIM ties every message cryptographically to a domain its owner controls. A domain is a stable identity; an IP often isn't.

What is not published is the weighting. Google and Microsoft don't say "domain counts for X%, IP for Y%", and claims that one has "replaced" the other go beyond the evidence. Treat both as inputs, and put your effort where you have control.

Where IP reputation still matters

For senders on managed shared infrastructure, IP health is your provider's job: watching blocklists, rotating out problem addresses and keeping pools in good standing. Ask any provider you evaluate how they do it.

What builds domain reputation

How to see your reputation

Shared vs dedicated IPs

Shared managed poolDedicated IP
Starting reputationEstablished by steady trafficNone until you build it
Who maintains itThe provider monitors and manages itYour sending alone decides it
Exposure to other sendersSharedNone
NeedsNothing extraEnough steady volume to hold a reputation
On WinnrDefault, included$20 per IP per month, Enterprise plan

A dedicated IP is not automatically better. An IP that sends too little never builds a strong signal, and a well-run shared pool often outperforms an under-used dedicated IP. A dedicated IP is worth it when you send high, consistent daily volume across many mailboxes, want to be fully insulated from other senders, or are rebuilding after damage and want a reputation only you control. Dedicated IPs on Smartlead vs Winnr goes deeper.

How Winnr handles both

Frequently Asked Questions

Which matters more, IP or domain reputation?

Both count, and providers don't publish the weighting. Their published sender rules center on the domain (authentication aligned to your From domain, spam rate per domain), and on shared infrastructure the domain is the part you control. IP reputation still matters at corporate gateways and on IP blocklists.

Do I need a dedicated IP for cold email?

Most senders don't. A dedicated IP only performs well with high, steady volume behind it, and a well-run shared pool often beats an under-used dedicated IP. On Winnr, dedicated IPs are optional at $20 per IP per month on the Enterprise plan.

Can I still see my domain reputation in Google Postmaster Tools?

Postmaster Tools shows your domain's spam rate, authentication results and compliance with Gmail's sender requirements. Google has said the old Domain and IP Reputation dashboards are being retired, so rely on spam rate, compliance status and your own seed tests.

What happens if a shared IP gets blocklisted?

A managed provider should detect it and move traffic or resolve the listing. That is the provider's job on shared infrastructure. Your domain's own reputation is separate and moves with you if your mail moves to other IPs.

Does changing IPs fix a burned domain?

No. Domain reputation and domain blocklist listings follow the domain, not the IP. Fix the cause and move campaigns to a replacement domain.

Related guides: Best TLDs for cold email, cold email best practices, how many domains you need and SMTP vs Google Workspace vs Microsoft 365.