Importance: Effect sizes are used to interpret the size of effects and in power calculations when planning research studies. However, as effect sizes are context-dependent, the rule of thumb proposed by Jacob Cohen might vary across different areas of research, nature of the intervention, and population. Objectives: To determine small, medium, and large effect sizes within the psychotherapy randomized controlled trials (RCTs) in depression by calculating the effect size distribution.Design, Setting, and Participants: Effect sizes of 366 RCTs provided by the systematic review of Cuijpers and colleagues (2020) on psychotherapy for depressive disorders across all age-groups.Main Outcomes and Measures: The 50th percentile effect size, as this represents a medium effect size, and the 25th (small) and 75th (large) percentile effect sizes were calculated.Results: After adjusting for publication bias, 0.27, 0.53, and 0.86 represent small, medium, and large effect sizes, respectively, in psychotherapy for depressive disorders. Conclusions and Relevance: Applying Cohen’s suggested effect size thresholds (0.2, 0.5, and 0.8) underestimate effect sizes when compared to the real-world context of psychotherapy interventions for depression. These results have implications for the interpretation of study effects and the planning of future studies via power analyses, which often use effect size thresholds.