Alphabet (GOOGL) Stock Inflation-Adjusted

Alphabet Inc. (GOOGL) is a multinational technology conglomerate, best known for its Google search engine, advertising services and diverse ventures in areas like cloud computing and autonomous driving.

A stock's price history shows its nominal performance but not its real growth in purchasing power. To understand an investment's true performance, we must account for inflation. This page adjusts Alphabet's historical stock prices using the US Consumer Price Index, stripping away the effects of inflation.

The charts and data below allow you to compare the nominal price with its real value over time, revealing a clearer picture of Alphabet's long-term growth.

Nominal prices are adjusted for stock splits and assume reinvestment of any dividends to reflect total return. Inflation-adjusted prices use May 2026 as the baseline (latest available CPI).

The current value of Alphabet (Class A) stock is 373.25 (as of the close of Jun 16, 2026), 7.24% lower than the all-time high of 402.4 (May 13, 2026).

Since August 19, 2004, the inflation-adjusted total return for the stock has been 8,383%, which is equivalent to an annual growth rate of 22.56%.

In nominal values, the total return since this date has been 14,901%, or an annualized rate of 25.81%.

Inflation-Adjusted Values by Month

This data presents Alphabet's end-of-month closing levels over time. The inflation-adjusted column shows what each past level would represent in roughly today's dollars based on the latest CPI reading, following the same present-value method that underlies the US Inflation Calculator. The newest row will show matching nominal and adjusted values until another CPI update becomes available.

Date	Inflation-Adjusted	Nominal value
Jun 2026	373.25	373.25
May 2026	380.13	380.13
Apr 2026	387.01	384.59
Mar 2026	291.67	287.4
Feb 2026	319.31	311.37
Jan 2026	347.82	337.58
Dec 2025	323.29	312.61
Nov 2025	330.38	319.54
Oct 2025	280.63	280.63
Sep 2025	250.32	242.61
Aug 2025	219.56	212.25
Jul 2025	198.46	191.31
Jun 2025	182.53	175.69
May 2025	178.25	170.99
Apr 2025	165.17	158.1
Mar 2025	161.34	153.96
Feb 2025	177.85	169.34
Jan 2025	214.04	202.89
Dec 2024	199.9	188.25
Nov 2024	178.27	167.82
Oct 2024	180.45	169.97
Sep 2024	175.1	164.75
Aug 2024	172.54	162.08
Jul 2024	181.31	170.17
Jun 2024	192.75	180.7
May 2024	182.39	170.93
Apr 2024	172.4	161.3
Mar 2024	160.47	149.56
Feb 2024	148.16	137.2
Jan 2024	150.84	138.82
Dec 2023	151.22	138.42
Nov 2023	143.33	131.32
Oct 2023	133.92	122.95
Sep 2023	141.18	129.67
Aug 2023	147.28	134.93
Jul 2023	144.17	131.51
Jun 2023	130.28	118.61
May 2023	134.16	121.75
Apr 2023	117.5	106.36
Mar 2023	114.12	102.79
Feb 2023	99.41	89.24
Jan 2023	109.71	97.94
Dec 2022	98.72	87.43
Nov 2022	112.65	100.07
Oct 2022	105.31	93.65
Sep 2022	107.01	94.78
Aug 2022	121.34	107.23
Jul 2022	130.37	115.26
Jun 2022	122.11	107.97
May 2022	129.24	112.73
Apr 2022	131.07	113.07
Mar 2022	160.62	137.8
Feb 2022	158.07	133.83
Jan 2022	159.81	134.07
Dec 2021	172.53	143.53
Nov 2021	169.53	140.6
Oct 2021	177.74	146.7
Sep 2021	161.82	132.46
Aug 2021	175.64	143.38
Jul 2021	163.88	133.5
Jun 2021	149.22	120.98
May 2021	145.37	116.77
Apr 2021	146.32	116.6
Mar 2021	129.29	102.19
Feb 2021	127.64	100.17
Jan 2021	115.99	90.54
Dec 2020	111.72	86.83
Nov 2020	111.94	86.92
Oct 2020	103.05	80.07
Sep 2020	93.49	72.61
Aug 2020	104.09	80.73
Jul 2020	95.35	73.72
Jun 2020	91.33	70.26
May 2020	92.83	71.02
Apr 2020	87.21	66.72
Mar 2020	74.74	57.57
Feb 2020	85.96	66.35
Jan 2020	92.22	70.99
Dec 2019	86.54	66.36
Nov 2019	84.18	64.61
Oct 2019	81.22	62.37
Sep 2019	78.97	60.5
Aug 2019	77.05	58.98
Jul 2019	78.83	60.36
Jun 2019	70.19	53.65
May 2019	71.74	54.82
Apr 2019	77.9	59.4
Mar 2019	76.87	58.31
Feb 2019	74	55.81
Jan 2019	74.27	55.78
Dec 2018	69.06	51.77
Nov 2018	73.1	54.98
Oct 2018	71.6	54.03
Sep 2018	79.39	59.8
Aug 2018	81.11	61.03
Jul 2018	80.86	60.8
Jun 2018	74.4	55.95
May 2018	72.59	54.5
Apr 2018	67.5	50.47
Mar 2018	69	51.38
Feb 2018	73.61	54.69
Jan 2018	79.19	58.57
Dec 2017	70.95	52.19
Nov 2017	69.75	51.34
Oct 2017	69.54	51.18
Sep 2017	65.5	48.24
Aug 2017	64.6	47.33
Jul 2017	64.13	46.84
Jun 2017	63.02	46.06
May 2017	66.97	48.9
Apr 2017	62.78	45.8
Mar 2017	57.74	42
Feb 2017	57.59	41.86
Jan 2017	56.08	40.64
Dec 2016	54.5	39.26
Nov 2016	53.38	38.44
Oct 2016	55.63	40.13
Sep 2016	55.3	39.84
Aug 2016	54.45	39.13
Jul 2016	54.6	39.21
Jun 2016	48.47	34.86
May 2016	51.76	37.1
Apr 2016	49.12	35.07
Mar 2016	53.19	37.8
Feb 2016	50.22	35.53
Jan 2016	53.36	37.72
Dec 2015	54.61	38.55
Nov 2015	53.37	37.8
Oct 2015	51.48	36.53
Sep 2015	44.54	31.63
Aug 2015	45.13	32.1
Jul 2015	45.74	32.58
Jun 2015	37.57	26.76
May 2015	38.07	27.02
Apr 2015	38.51	27.19
Mar 2015	39.01	27.48
Feb 2015	39.8	27.88
Jan 2015	38.19	26.63
Dec 2014	37.52	26.29
Nov 2014	38.61	27.2
Oct 2014	39.71	28.13
Sep 2014	41.04	29.15
Aug 2014	40.65	28.85
Jul 2014	40.39	28.71
Jun 2014	40.73	28.97
May 2014	39.9	28.32
Apr 2014	37.46	26.5
Mar 2014	39.2	27.64
Feb 2014	43.03	30.14
Jan 2014	41.95	29.28
Dec 2013	39.96	27.79
Nov 2013	37.78	26.27
Oct 2013	36.67	25.56
Sep 2013	31.09	21.72
Aug 2013	30.09	21
Jul 2013	31.58	22.01
Jun 2013	31.33	21.83
May 2013	31.08	21.6
Apr 2013	29.47	20.45
Mar 2013	28.35	19.69
Feb 2013	28.68	19.87
Jan 2013	27.27	18.74
Dec 2012	25.6	17.54
Nov 2012	25.21	17.32
Oct 2012	24.44	16.87
Sep 2012	27.09	18.71
Aug 2012	24.71	16.99
Jul 2012	22.96	15.7
Jun 2012	21.01	14.38
May 2012	21	14.4
Apr 2012	21.85	15
Mar 2012	23.23	15.9
Feb 2012	22.57	15.33
Jan 2012	21.27	14.39
Dec 2011	23.78	16.02
Nov 2011	22.02	14.86
Oct 2011	21.75	14.7
Sep 2011	18.86	12.77
Aug 2011	19.84	13.41
Jul 2011	22.21	14.97
Jun 2011	18.64	12.56
May 2011	19.46	13.12
Apr 2011	20.1	13.49
Mar 2011	21.82	14.55
Feb 2011	23.03	15.21
Jan 2011	22.65	14.89
Dec 2010	22.52	14.73
Nov 2010	21.11	13.78
Oct 2010	23.32	15.22
Sep 2010	20	13.04
Aug 2010	17.13	11.16
Jul 2010	18.48	12.02
Jun 2010	16.96	11.03
May 2010	18.5	12.04
Apr 2010	20.04	13.04
Mar 2010	21.66	14.06
Feb 2010	20.2	13.06
Jan 2010	20.32	13.14
Dec 2009	23.86	15.37
Nov 2009	22.4	14.46
Oct 2009	20.61	13.29
Sep 2009	19.08	12.3
Aug 2009	17.78	11.45
Jul 2009	17.1	10.99
Jun 2009	16.24	10.45
May 2009	16.21	10.35
Apr 2009	15.43	9.82
Mar 2009	13.6	8.63
Feb 2009	13.24	8.38
Jan 2009	13.32	8.39
Dec 2008	12.16	7.63
Nov 2008	11.46	7.26
Oct 2008	13.79	8.91
Sep 2008	15.21	9.93
Aug 2008	17.57	11.49
Jul 2008	17.9	11.75
Jun 2008	19.99	13.05
May 2008	22.47	14.53
Apr 2008	22.22	14.24
Mar 2008	17.14	10.92
Feb 2008	18.5	11.68
Jan 2008	22.22	13.99
Dec 2007	27.36	17.15
Nov 2007	27.4	17.18
Oct 2007	28.12	17.53
Sep 2007	22.61	14.07
Aug 2007	20.59	12.78
Jul 2007	20.35	12.65
Jun 2007	20.85	12.96
May 2007	19.9	12.35
Apr 2007	18.95	11.69
Mar 2007	18.54	11.36
Feb 2007	18.35	11.15
Jan 2007	20.59	12.44
Dec 2006	18.96	11.42
Nov 2006	19.99	12.02
Oct 2006	19.62	11.81
Sep 2006	16.46	9.97
Aug 2006	15.43	9.39
Jul 2006	15.79	9.59
Jun 2006	17.17	10.4
May 2006	15.26	9.22
Apr 2006	17.24	10.36
Mar 2006	16.22	9.67
Feb 2006	15.17	8.99
Jan 2006	18.13	10.73
Dec 2005	17.52	10.29
Nov 2005	17.03	10.04
Oct 2005	15.52	9.23
Sep 2005	13.23	7.85
Aug 2005	12.1	7.09
Jul 2005	12.24	7.14
Jun 2005	12.57	7.29
May 2005	11.85	6.88
Apr 2005	9.39	5.46
Mar 2005	7.76	4.48
Feb 2005	8.14	4.66
Jan 2005	8.52	4.85
Dec 2004	8.42	4.78
Nov 2004	7.92	4.51
Oct 2004	8.3	4.73
Sep 2004	5.67	3.21
Aug 2004	4.49	2.54

Returns from Investing in Alphabet (Class A) stock

How much did an investment in Alphabet really grow each year after accounting for inflation? The following chart contains the inflation-adjusted real annual percentage returns.

Detailed Annual Returns (Adjusted vs. Nominal)

The table below shows the returns for Alphabet (Class A) stock by year, both inflation-adjusted and nominal. You can sort any column by clicking on the header.

Observe how inflation erodes nominal gains, sometimes resulting in a negative real return even when the stock price nominally increased, as in 2016.

Year	Inflation-Adjusted Return	Nominal Return
2024	32.19%	36.01%
2023	53.19%	58.32%
2022	-42.78%	-39.09%
2021	54.43%	65.3%
2020	29.1%	30.85%
2019	25.31%	28.18%
2018	-2.66%	-0.8%
2017	30.18%	32.93%
2016	-0.21%	1.86%
2015	45.55%	46.61%
2014	-6.1%	-5.39%
2013	56.09%	58.43%
2012	7.64%	9.52%
2011	5.61%	8.74%
2010	-5.61%	-4.2%
2009	96.18%	101.52%
2008	-55.55%	-55.51%
2007	44.28%	50.17%
2006	8.25%	11%
2005	108.08%	115.19%

Alphabet (Class A) Stock: Average Annualized Returns

Annualized returns show the average rate of growth per year, making it easier to compare performance across different time periods. While nominal returns indicate the headline growth, adjusting for inflation reveals the actual change in purchasing power.

This table presents both nominal and inflation-adjusted average annual returns for Alphabet over various trailing periods ending May 31, 2026, offering a clearer view of long-term, real investment performance.

Period	Avg. Annual Return (Inflation-Adjusted)	Avg. Annual Return (Nominal)
Last 1 year	113.25%	122.31%
Last 3 years	41.5%	46.16%
Last 5 years	21.2%	26.63%
Last 10 years	22.07%	26.2%
Last 20 years	17.44%	20.44%

Real Returns of Investing in the Alphabet

The chart and table below show the nominal and inflation-adjusted value of a hypothetical $100 investment over various long-term historical periods, ending in September 2025.

The inflation-adjusted line, in green, represents the real increase in purchasing power for the initial investment. Observe the gap between both lines, which illustrates the cumulative effect of inflation over time.

Even over just five years, inflation takes a noticeable bite out of investments. Investing $100 in the Alphabet five years ago yielded an 142.19% nominal gain, but the real return (the actual increase in buying power) was 96.12%.

As investment periods get longer, the difference between reported nominal returns and the inflation-adjusted gains usually becomes much greater due to the compounding effect of inflation over time.

Investment Period	What $100 Grew To (Nominal)	Total Nominal Return (%)	Total Inflation-Adjusted Return (%)
Last 5 years Feb 2021 - Sep 2025	$242.19	142.19%	96.12%
Last 10 years Feb 2016 - Sep 2025	$682.76	582.76%	398.43%

Inflation & Alphabet's Operations

As a technology-focused company, Alphabet faces several inflation-related operational considerations.

Talent Acquisition & Retention: Wage inflation for skilled engineers and tech professionals can increase labor costs, a significant expense for Alphabet.
Energy Costs: The operation of large-scale data centers for Google Search, Cloud and AI services consumes substantial energy, making it sensitive to energy price inflation.
Supply Chain Costs: Inflation can lead to increased costs for components and raw materials used in Alphabet's hardware products, such as Pixel phones and Nest devices. Additionally, innovative projects like Waymo (autonomous driving) and Verily (life sciences) often require specialized equipment and materials, which are also subject to inflationary pressures, further impacting profit margins.
Advertising Revenue: As a major player in digital advertising, Alphabet's revenue can be affected by inflation. Higher costs for advertisers may lead to reduced ad spending, impacting Alphabet's top line.

While these inflationary pressures present challenges, Alphabet is well-positioned to navigate them. The company's robust financial position, characterized by substantial cash reserves and manageable debt, allows it to absorb rising costs without derailing long-term growth initiatives.

This financial strength is complemented by a diverse set of revenue streams, spanning digital advertising, cloud computing and hardware. This creates a resilient business model where weakness in one segment can be offset by strength in another, providing a reliable buffer.

About Alphabet

Alphabet Inc. is a global technology leader created in 2015 as the parent company of Google and several other companies previously owned by or tied to Google.

Its largest subsidiary, Google, provides a wide array of internet-related services and products, including search, advertising, cloud computing, software and hardware. Other segments, often referred to as "Other Bets," include innovative projects in areas like autonomous driving (Waymo) and life sciences (Verily).

Headquartered in Mountain View, California, Alphabet is one of the most valuable companies globally and a key player in shaping the future of technology. Its Class A shares (GOOGL) are major components of indices like the S&P 500 and Nasdaq-100.

Last Close Jun 16, 2026	373.25
Highest May 13, 2026	402.4
Highest, Inflation-Adjusted May 13, 2026	402.4
Annualized return Since Aug 19, 2004	25.81%
Annualized return, Inflation-Adjusted Since Aug 19, 2004	22.56%