Johnson & Johnson (JNJ) Stock Inflation-Adjusted

Johnson & Johnson (JNJ) is a global healthcare giant that develops and sells a broad range of products in the pharmaceutical, medical devices and consumer health sectors.

Evaluating a stock's long-term performance requires looking beyond its nominal price. Over time, inflation reduces the purchasing power of a dollar, which can obscure an investment's true growth. To provide clarity on this, this page adjusts Johnson & Johnson's historical stock prices using the US Consumer Price Index.

Nominal prices are adjusted for stock splits and assume reinvestment of any dividends to reflect total return. Inflation-adjusted prices use September 2025 as the baseline (latest available CPI).

The current value of Johnson & Johnson stock is 202.48 (as of the close of Dec 4, 2025), 2.45% lower than the all-time high of 207.56 (Nov 26, 2025).

Since January 2, 1970, the inflation-adjusted total return for the stock has been 3,929%, which is equivalent to an annual growth rate of 6.83%.

In nominal values, the total return since this date has been 34,523%, or an annualized rate of 11.02%.

Inflation-Adjusted Values by Month

This data presents Johnson & Johnson's end-of-month closing levels over time. Inflation-adjusted figures show what past levels would be worth using roughly today's purchasing power (based on the latest CPI data). The latest entry in the table will have equal nominal and adjusted values until the next CPI figures are released.

Date Inflation-Adjusted Nominal value
Dec 2025 202.48 202.48
Nov 2025 206.92 206.92
Oct 2025 187.69 187.69
Sep 2025 184.26 184.26
Aug 2025 176.51 176.06
Jul 2025 163.4 162.52
Jun 2025 151.74 150.69
May 2025 154.71 153.12
Apr 2025 154.82 152.91
Mar 2025 164.77 162.23
Feb 2025 164.32 161.43
Jan 2025 150.98 147.66
Dec 2024 144.45 140.36
Nov 2024 154.88 150.44
Oct 2024 158.38 153.92
Sep 2024 160.74 156.04
Aug 2024 164.77 159.7
Jul 2024 155.77 150.85
Jun 2024 144.4 139.68
May 2024 144.96 140.17
Apr 2024 142 137.08
Mar 2024 155.96 149.97
Feb 2024 160.13 153
Jan 2024 157.46 149.52
Dec 2023 156.17 147.49
Nov 2023 153.94 145.53
Oct 2023 146.19 138.48
Sep 2023 153.44 145.4
Aug 2023 159.67 150.94
Jul 2023 164.98 155.28
Jun 2023 163.32 153.41
May 2023 153.49 143.72
Apr 2023 161.24 150.6
Mar 2023 153.45 142.6
Feb 2023 152.23 141
Jan 2023 162.07 149.28
Dec 2022 176.59 161.36
Nov 2022 177.39 162.59
Oct 2022 172.09 157.9
Sep 2022 162.25 148.27
Aug 2022 160.59 146.44
Jul 2022 172.5 157.35
Jun 2022 175.43 160.05
May 2022 179.87 161.87
Apr 2022 181.63 161.67
Mar 2022 179.38 158.78
Feb 2022 168.79 147.44
Jan 2022 177.19 153.38
Dec 2021 177.41 152.29
Nov 2021 162.21 138.81
Oct 2021 169.17 144.06
Sep 2021 169.13 142.84
Aug 2021 181.8 153.13
Jul 2021 180.14 151.41
Jun 2021 173.16 144.85
May 2021 179.56 148.82
Apr 2021 172.95 142.2
Mar 2021 176.11 143.62
Feb 2021 171 138.47
Jan 2021 175.91 141.67
Dec 2020 170.43 136.68
Nov 2020 156.83 125.65
Oct 2020 147.51 118.26
Sep 2020 160.24 128.41
Aug 2020 165.35 132.32
Jul 2020 156.56 124.89
Jun 2020 151.82 120.5
May 2020 161.46 127.46
Apr 2020 161.75 127.68
Mar 2020 140.42 111.59
Feb 2020 143.69 114.44
Jan 2020 158.5 125.89
Dec 2019 155.91 123.35
Nov 2019 146.82 116.27
Oct 2019 139.96 110.89
Sep 2019 137.46 108.66
Aug 2019 136.48 107.8
Jul 2019 137.43 108.56
Jun 2019 147.23 116.11
May 2019 138.67 109.33
Apr 2019 148.6 116.92
Mar 2019 147.9 115.75
Feb 2019 145.38 113.14
Jan 2019 141.26 109.47
Dec 2018 137.24 106.16
Nov 2018 155.73 120.84
Oct 2018 146.97 114.43
Sep 2018 145.32 112.95
Aug 2018 141.82 110.1
Jul 2018 138.7 107.61
Jun 2018 127.01 98.54
May 2018 125.41 97.14
Apr 2018 132.19 101.97
Mar 2018 134.45 103.3
Feb 2018 136.58 104.7
Jan 2018 145.05 110.69
Dec 2017 147.46 111.92
Nov 2017 146.96 111.61
Oct 2017 146.16 111
Sep 2017 136.22 103.51
Aug 2017 139.42 105.39
Jul 2017 139.33 105.01
Jun 2017 138.78 104.67
May 2017 134.67 101.47
Apr 2017 128.91 97.05
Mar 2017 130.42 97.9
Feb 2017 128.08 96.06
Jan 2017 118.28 88.43
Dec 2016 121.03 89.96
Nov 2016 116.96 86.91
Oct 2016 120.87 89.96
Sep 2016 123.25 91.62
Aug 2016 124.81 92.55
Jul 2016 130.23 96.48
Jun 2016 125.94 93.45
May 2016 117.39 86.82
Apr 2016 116.4 85.74
Mar 2016 112.9 82.78
Feb 2016 110.25 80.49
Jan 2016 108.75 79.33
Dec 2015 107.14 78.02
Nov 2015 105.24 76.9
Oct 2015 104.03 76.18
Sep 2015 96.08 70.39
Aug 2015 96.58 70.86
Jul 2015 102.06 74.99
Jun 2015 99.27 72.93
May 2015 102.36 74.94
Apr 2015 101.18 73.7
Mar 2015 102.82 74.74
Feb 2015 105.39 76.16
Jan 2015 102.69 73.89
Dec 2014 106.73 77.16
Nov 2014 109.86 79.87
Oct 2014 108.09 79.01
Sep 2014 106.63 78.14
Aug 2014 103.84 76.04
Jul 2014 99.36 72.89
Jun 2014 103.82 76.19
May 2014 100.87 73.88
Apr 2014 100.36 73.25
Mar 2014 97.65 71.04
Feb 2014 92.17 66.62
Jan 2014 88.21 63.53
Dec 2013 91.66 65.77
Nov 2013 94.73 67.97
Oct 2013 91.85 66.04
Sep 2013 85.76 61.82
Aug 2013 85.58 61.62
Jul 2013 92.02 66.18
Jun 2013 84.54 60.77
May 2013 83.08 59.59
Apr 2013 83.64 59.88
Mar 2013 79.93 57.28
Feb 2013 74.81 53.47
Jan 2013 72.68 51.53
Dec 2012 69.12 48.86
Nov 2012 68.57 48.61
Oct 2012 68.71 48.94
Sep 2012 66.84 47.62
Aug 2012 65.69 46.59
Jul 2012 67.21 47.4
Jun 2012 65.49 46.27
May 2012 60.43 42.75
Apr 2012 62.33 44.16
Mar 2012 63.35 44.74
Feb 2012 62.98 44.14
Jan 2012 63.51 44.32
Dec 2011 63.47 44.1
Nov 2011 62.48 43.52
Oct 2011 61.54 42.9
Sep 2011 60.75 42.44
Aug 2011 62.86 43.84
Jul 2011 61.52 42.79
Jun 2011 63.22 43.93
May 2011 63.88 44.44
Apr 2011 62.15 43.04
Mar 2011 56.39 38.8
Feb 2011 59.05 40.23
Jan 2011 57.21 38.79
Dec 2010 59.48 40.14
Nov 2010 59.3 39.95
Oct 2010 60.91 41.02
Sep 2010 59.29 39.87
Aug 2010 54.59 36.69
Jul 2010 55.18 37.04
Jun 2010 56.11 37.65
May 2010 55.33 37.17
Apr 2010 60.53 40.63
Mar 2010 61.48 41.2
Feb 2010 59.65 39.81
Jan 2010 59.09 39.42
Dec 2009 60.75 40.39
Nov 2009 59.16 39.41
Oct 2009 55.2 36.74
Sep 2009 56.98 37.89
Aug 2009 56.59 37.61
Jul 2009 56.68 37.58
Jun 2009 52.79 35.06
May 2009 51.71 34.05
Apr 2009 48.8 32.04
Mar 2009 49.14 32.18
Feb 2009 46.83 30.59
Jan 2009 53.86 35.01
Dec 2008 56.1 36.31
Nov 2008 54.36 35.55
Oct 2008 55.37 36.92
Sep 2008 61.91 41.7
Aug 2008 62.85 42.39
Jul 2008 60.47 40.95
Jun 2008 57.12 38.48
May 2008 59.84 39.91
Apr 2008 60.24 39.84
Mar 2008 58.6 38.53
Feb 2008 56.46 36.8
Jan 2008 57.32 37.25
Dec 2007 60.86 39.35
Nov 2007 61.76 39.97
Oct 2007 59.41 38.21
Sep 2007 60.02 38.53
Aug 2007 56.6 36.23
Jul 2007 54.95 35.24
Jun 2007 55.95 35.89
May 2007 57.56 36.85
Apr 2007 58.41 37.17
Mar 2007 55.16 34.87
Feb 2007 58.13 36.42
Jan 2007 61.68 38.44
Dec 2006 61.14 37.99
Nov 2006 61.13 37.92
Oct 2006 62.07 38.57
Sep 2006 59.48 37.16
Aug 2006 58.93 37
Jul 2006 56.8 35.58
Jun 2006 54.57 34.09
May 2006 54.95 34.26
Apr 2006 53.42 33.14
Mar 2006 54.43 33.48
Feb 2006 53.28 32.6
Jan 2006 53.29 32.53
Dec 2005 56.08 33.98
Nov 2005 57.39 34.91
Oct 2005 57.43 35.22
Sep 2005 58.15 35.59
Aug 2005 58.97 35.66
Jul 2005 59.5 35.79
Jun 2005 60.74 36.37
May 2005 62.74 37.55
Apr 2005 63.79 38.22
Mar 2005 62.84 37.4
Feb 2005 61.86 36.53
Jan 2005 61.1 35.88
Dec 2004 60.02 35.17
Nov 2004 56.88 33.45
Oct 2004 54.82 32.22
Sep 2004 53.17 31.09
Aug 2004 54.96 32.07
Jul 2004 52.05 30.35
Jun 2004 52.37 30.59
May 2004 52.55 30.59
Apr 2004 50.99 29.52
Mar 2004 48.02 27.71
Feb 2004 51.37 29.45
Jan 2004 50.96 29.06
Dec 2003 49.52 28.1
Nov 2003 47.21 26.81
Oct 2003 47.83 27.24
Sep 2003 47.01 26.81
Aug 2003 47.22 26.84
Jul 2003 49.28 27.9
Jun 2003 49.25 27.86
May 2003 51.83 29.28
Apr 2003 53.43 30.24
Mar 2003 54.74 31.05
Feb 2003 49.91 28.14
Jan 2003 51.2 28.64
Dec 2002 51.52 28.7
Nov 2002 54.58 30.46
Oct 2002 56.04 31.28
Sep 2002 51.67 28.8
Aug 2002 51.98 28.92
Jul 2002 50.33 27.91
Jun 2002 50.06 27.73
May 2002 58.8 32.55
Apr 2002 61 33.77
Mar 2002 62.38 34.34
Feb 2002 58.82 32.2
Jan 2002 55.6 30.31
Dec 2001 57.26 31.15
Nov 2001 56.22 30.7
Oct 2001 55.63 30.43
Sep 2001 53.04 29.11
Aug 2001 50.69 27.7
Jul 2001 51.85 28.34
Jun 2001 47.75 26.17
May 2001 46.41 25.39
Apr 2001 46.23 25.18
Mar 2001 42.08 22.83
Feb 2001 46.93 25.4
Jan 2001 44.93 24.22
Dec 2000 51.01 27.33
Nov 2000 48.52 26.01
Oct 2000 44.58 23.88
Sep 2000 45.53 24.35
Aug 2000 44.8 23.84
Jul 2000 45.19 24.04
Jun 2000 49.59 26.32
May 2000 43.79 23.12
Apr 2000 40.27 21.24
Mar 2000 34.31 18.09
Feb 2000 35.46 18.54
Jan 2000 42.48 22.08
Dec 1999 46.16 23.92
Nov 1999 51.36 26.61
Oct 1999 51.75 26.8
Sep 1999 45.47 23.5
Aug 1999 50.85 26.16
Jul 1999 45.26 23.23
Jun 1999 48.85 25
May 1999 46.17 23.63
Apr 1999 48.46 24.8
Mar 1999 46.81 23.78
Feb 1999 42.87 21.71
Jan 1999 42.67 21.59
Dec 1998 42.15 21.27
Nov 1998 40.8 20.6
Oct 1998 40.81 20.6
Sep 1998 39.28 19.78
Aug 1998 34.68 17.44
Jul 1998 38.74 19.47
Jun 1998 37.16 18.65
May 1998 34.72 17.4
Apr 1998 35.89 17.96
Mar 1998 36.93 18.44
Feb 1998 37.97 18.93
Jan 1998 33.68 16.76
Dec 1997 33.21 16.49
Nov 1997 31.69 15.75
Oct 1997 28.76 14.31
Sep 1997 28.99 14.39
Aug 1997 28.56 14.14
Jul 1997 31.24 15.44
Jun 1997 32.41 16
May 1997 30.25 14.91
Apr 1997 30.68 15.13
Mar 1997 26.58 13.09
Feb 1997 28.97 14.24
Jan 1997 29.1 14.25
Dec 1996 25.15 12.28
Nov 1996 26.92 13.14
Oct 1996 24.85 12.11
Sep 1996 25.94 12.6
Aug 1996 25.01 12.11
Jul 1996 24.21 11.7
Jun 1996 25.14 12.13
May 1996 24.74 11.93
Apr 1996 23.46 11.29
Mar 1996 23.48 11.26
Feb 1996 23.92 11.41
Jan 1996 24.56 11.67
Dec 1995 22 10.4
Nov 1995 22.28 10.53
Oct 1995 20.86 9.87
Sep 1995 19.03 8.98
Aug 1995 17.75 8.36
Jul 1995 18.42 8.65
Jun 1995 17.33 8.14
May 1995 17.01 7.97
Apr 1995 16.67 7.8
Mar 1995 15.31 7.14
Feb 1995 14.65 6.81
Jan 1995 15.07 6.97
Dec 1994 14.25 6.57
Nov 1994 13.89 6.4
Oct 1994 14.24 6.55
Sep 1994 13.5 6.21
Aug 1994 13.11 6.01
Jul 1994 12.34 5.64
Jun 1994 11.29 5.14
May 1994 11.69 5.31
Apr 1994 10.94 4.96
Mar 1994 9.99 4.53
Feb 1994 10.66 4.81
Jan 1994 11.29 5.08
Dec 1993 11.99 5.38
Nov 1993 11.66 5.23
Oct 1993 11.27 5.05
Sep 1993 10.57 4.72
Aug 1993 10.97 4.89
Jul 1993 9.85 4.38
Jun 1993 11.2 4.98
May 1993 12.06 5.35
Apr 1993 11.8 5.23
Mar 1993 11.57 5.11
Feb 1993 11.57 5.1
Jan 1993 12.02 5.28
Dec 1992 13.87 6.06
Nov 1992 13.82 6.04
Oct 1992 13.74 6
Sep 1992 12.99 5.65
Aug 1992 13.65 5.92
Jul 1992 13.66 5.91
Jun 1992 12.44 5.37
May 1992 13.51 5.81
Apr 1992 13.25 5.69
Mar 1992 13.64 5.85
Feb 1992 14.23 6.07
Jan 1992 15.17 6.45
Dec 1991 16.18 6.87
Nov 1991 13.63 5.78
Oct 1991 13.49 5.71
Sep 1991 12.55 5.3
Aug 1991 13.25 5.57
Jul 1991 13.11 5.5
Jun 1991 11.96 5.01
May 1991 13.02 5.44
Apr 1991 13.62 5.67
Mar 1991 13.84 5.75
Feb 1991 11.87 4.93
Jan 1991 11.07 4.59
Dec 1990 10.45 4.3
Nov 1990 10.16 4.18
Oct 1990 9.39 3.86
Sep 1990 9.29 3.79
Aug 1990 9.71 3.94
Jul 1990 10.55 4.24
Jun 1990 10.16 4.06
May 1990 9.63 3.83
Apr 1990 8.56 3.4
Mar 1990 8.5 3.37
Feb 1990 8.16 3.22
Jan 1990 8.01 3.14
Dec 1989 9.17 3.56
Nov 1989 8.74 3.39
Oct 1989 8.59 3.32
Sep 1989 8.53 3.28
Aug 1989 8.19 3.14
Jul 1989 8.36 3.2
Jun 1989 7.52 2.87
May 1989 7.77 2.96
Apr 1989 7.61 2.88
Mar 1989 7.23 2.72
Feb 1989 6.9 2.58
Jan 1989 7.37 2.75
Dec 1988 6.88 2.55
Nov 1988 6.96 2.58
Oct 1988 7.05 2.61
Sep 1988 6.98 2.58
Aug 1988 6.63 2.43
Jul 1988 6.58 2.4
Jun 1988 6.55 2.38
May 1988 6.45 2.33
Apr 1988 6.3 2.27
Mar 1988 6.64 2.38
Feb 1988 6.99 2.5
Jan 1988 6.6 2.35
Dec 1987 6.32 2.25
Nov 1987 6.16 2.19
Oct 1987 6.76 2.4
Sep 1987 8.09 2.86
Aug 1987 8.49 2.99
Jul 1987 8.15 2.86
Jun 1987 7.88 2.76
May 1987 7.41 2.58
Apr 1987 7.53 2.61
Mar 1987 7.69 2.65
Feb 1987 7.53 2.59
Jan 1987 6.62 2.27
Dec 1986 5.79 1.97
Nov 1986 6.04 2.05
Oct 1986 6.16 2.09
Sep 1986 5.66 1.92
Aug 1986 6.56 2.22
Jul 1986 6.06 2.04
Jun 1986 6.46 2.18
May 1986 6.12 2.05
Apr 1986 5.91 1.98
Mar 1986 5.14 1.72
Feb 1986 4.43 1.49
Jan 1986 4.78 1.61
Dec 1985 4.69 1.58
Nov 1985 4.46 1.5
Oct 1985 4.21 1.41
Sep 1985 3.99 1.33
Aug 1985 4.22 1.4
Jul 1985 4.17 1.38
Jun 1985 4.2 1.39
May 1985 4.27 1.41
Apr 1985 4 1.32
Mar 1985 3.85 1.26
Feb 1985 3.62 1.18
Jan 1985 3.6 1.17
Dec 1984 3.34 1.08
Nov 1984 3.28 1.06
Oct 1984 3.01 0.97
Sep 1984 3.02 0.97
Aug 1984 3.15 1.01
Jul 1984 2.74 0.88
Jun 1984 2.82 0.9
May 1984 2.89 0.92
Apr 1984 3.53 1.12
Mar 1984 3.32 1.05
Feb 1984 3.41 1.08
Jan 1984 3.67 1.15
Dec 1983 3.93 1.23
Nov 1983 4.08 1.27
Oct 1983 4.23 1.32
Sep 1983 4.37 1.35
Aug 1983 4 1.23
Jul 1983 4.29 1.32
Jun 1983 4.82 1.48
May 1983 4.52 1.38
Apr 1983 4.95 1.5
Mar 1983 4.71 1.42
Feb 1983 4.71 1.42
Jan 1983 4.82 1.45
Dec 1982 4.95 1.49
Nov 1982 4.62 1.39
Oct 1982 4.35 1.32
Sep 1982 4.29 1.29
Aug 1982 4.49 1.35
Jul 1982 3.96 1.19
Jun 1982 3.97 1.18
May 1982 3.99 1.18
Apr 1982 4.11 1.2
Mar 1982 3.81 1.11
Feb 1982 3.81 1.11
Jan 1982 3.91 1.14
Dec 1981 3.85 1.11
Nov 1981 3.92 1.13
Oct 1981 3.79 1.09
Sep 1981 3.45 0.99
Aug 1981 3.15 0.9
Jul 1981 3.58 1.01
Jun 1981 3.76 1.05
May 1981 4.15 1.15
Apr 1981 3.89 1.07
Mar 1981 3.81 1.04
Feb 1981 3.8 1.03
Jan 1981 3.57 0.96
Dec 1980 3.75 1
Nov 1980 3.45 0.91
Oct 1980 3.25 0.85
Sep 1980 3.13 0.81
Aug 1980 3.09 0.79
Jul 1980 3.18 0.81
Jun 1980 3.08 0.78
May 1980 3.18 0.8
Apr 1980 3.04 0.76
Mar 1980 2.88 0.71
Feb 1980 2.82 0.69
Jan 1980 3.15 0.75
Dec 1979 3.35 0.79
Nov 1979 3.2 0.75
Oct 1979 2.94 0.68
Sep 1979 3.23 0.74
Aug 1979 3.39 0.77
Jul 1979 3.22 0.72
Jun 1979 3.22 0.72
May 1979 3.16 0.7
Apr 1979 3.2 0.7
Mar 1979 3.19 0.69
Feb 1979 3.21 0.68
Jan 1979 3.61 0.76
Dec 1978 3.54 0.74
Nov 1978 3.73 0.77
Oct 1978 3.56 0.73
Sep 1978 4.06 0.83
Aug 1978 4.16 0.84
Jul 1978 4.19 0.85
Jun 1978 4.05 0.81
May 1978 3.87 0.77
Apr 1978 3.89 0.76
Mar 1978 3.48 0.68
Feb 1978 3.46 0.67
Jan 1978 3.62 0.7
Dec 1977 4.01 0.77
Nov 1977 3.88 0.74
Oct 1977 3.87 0.73
Sep 1977 3.89 0.73
Aug 1977 3.83 0.72
Jul 1977 3.66 0.69
Jun 1977 3.78 0.71
May 1977 3.5 0.65
Apr 1977 3.42 0.63
Mar 1977 3.66 0.67
Feb 1977 3.65 0.66
Jan 1977 3.76 0.68
Dec 1976 4.35 0.78
Nov 1976 4.37 0.78
Oct 1976 4.81 0.86
Sep 1976 5.1 0.9
Aug 1976 5.03 0.89
Jul 1976 4.9 0.86
Jun 1976 4.8 0.84
May 1976 4.96 0.86
Apr 1976 5.05 0.87
Mar 1976 5.21 0.9
Feb 1976 4.96 0.85
Jan 1976 5.61 0.96
Dec 1975 5.25 0.9
Nov 1975 5.53 0.94
Oct 1975 5.29 0.89
Sep 1975 4.7 0.79
Aug 1975 5.15 0.86
Jul 1975 5.33 0.89
Jun 1975 5.9 0.97
May 1975 5.81 0.95
Apr 1975 5.55 0.9
Mar 1975 5.59 0.91
Feb 1975 5.81 0.94
Jan 1975 4.85 0.78
Dec 1974 5.06 0.81
Nov 1974 5.3 0.84
Oct 1974 5.53 0.87
Sep 1974 4.84 0.75
Aug 1974 5.58 0.86
Jul 1974 6.46 0.98
Jun 1974 7.5 1.13
May 1974 7.68 1.15
Apr 1974 7.37 1.09
Mar 1974 7.4 1.09
Feb 1974 7.02 1.02
Jan 1974 7.39 1.06
Dec 1973 7.92 1.13
Nov 1973 8.26 1.17
Oct 1973 8.61 1.21
Sep 1973 8.51 1.18
Aug 1973 8.57 1.19
Jul 1973 8.66 1.18
Jun 1973 8.37 1.14
May 1973 8.57 1.16
Apr 1973 8.82 1.18
Mar 1973 9.1 1.21
Feb 1973 9.16 1.21
Jan 1973 9.64 1.26
Dec 1972 9.97 1.3
Nov 1972 9.48 1.24
Oct 1972 9.93 1.29
Sep 1972 9.6 1.24
Aug 1972 9.55 1.23
Jul 1972 9.43 1.22
Jun 1972 9.56 1.23
May 1972 9.33 1.19
Apr 1972 9.11 1.16
Mar 1972 8.67 1.1
Feb 1972 8.1 1.03
Jan 1972 7.79 0.99
Dec 1971 7.78 0.98
Nov 1971 7.48 0.94
Oct 1971 7.14 0.9
Sep 1971 7.19 0.9
Aug 1971 7.26 0.91
Jul 1971 7.5 0.94
Jun 1971 7.7 0.96
May 1971 6.97 0.86
Apr 1971 6.84 0.84
Mar 1971 6.27 0.77
Feb 1971 5.74 0.7
Jan 1971 5.26 0.64
Dec 1970 4.65 0.57
Nov 1970 4.82 0.59
Oct 1970 4.68 0.57
Sep 1970 4.37 0.53
Aug 1970 4.05 0.49
Jul 1970 4.11 0.49
Jun 1970 3.9 0.47
May 1970 3.66 0.43
Apr 1970 4.02 0.48
Mar 1970 4.38 0.51
Feb 1970 4.54 0.53
Jan 1970 4.52 0.53

Returns from Investing in Johnson & Johnson stock

How much did an investment in Johnson & Johnson 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 Johnson & Johnson 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 2022.

Year Inflation-Adjusted Return Nominal Return
2024 -7.51% -4.83%
2023 -11.56% -8.6%
2022 -0.47% 5.96%
2021 4.1% 11.42%
2020 9.31% 10.8%
2019 13.6% 16.2%
2018 -6.93% -5.15%
2017 21.84% 24.4%
2016 12.96% 15.31%
2015 0.39% 1.12%
2014 16.43% 17.32%
2013 32.6% 34.59%
2012 8.91% 10.81%
2011 6.69% 9.85%
2010 -2.08% -0.62%
2009 8.29% 11.24%
2008 -7.82% -7.74%
2007 -0.47% 3.6%
2006 9.02% 11.79%
2005 -6.56% -3.37%
2004 21.21% 25.16%
2003 -3.89% -2.08%
2002 -10.02% -7.88%
2001 12.26% 14%
2000 10.5% 14.24%
1999 9.53% 12.47%
1998 26.93% 28.98%
1997 32.04% 34.29%
1996 14.3% 18.1%
1995 54.4% 58.32%
1994 18.83% 22.01%
1993 -13.52% -11.14%
1992 -14.28% -11.79%
1991 54.84% 59.58%
1990 13.89% 20.84%
1989 33.31% 39.5%
1988 8.88% 13.69%
1987 9.25% 14.1%
1986 23.35% 24.7%
1985 40.34% 45.67%
1984 -14.98% -11.62%
1983 -20.64% -17.63%
1982 28.74% 33.67%
1981 2.51% 11.65%
1980 11.87% 25.87%
1979 -5.15% 7.46%
1978 -11.86% -3.91%
1977 -7.78% -1.6%
1976 -17.12% -13.09%
1975 3.78% 10.97%
1974 -36.15% -28.27%
1973 -20.52% -13.6%
1972 28.12% 32.49%
1971 67.34% 72.81%

Johnson & Johnson 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 Johnson & Johnson over various trailing periods ending September 30, 2025, offering a clearer view of long-term, real investment performance.

Period Avg. Annual Return (Inflation-Adjusted) Avg. Annual Return (Nominal)
Last 1 year 14.63% 18.08%
Last 3 years 4.33% 7.51%
Last 5 years 2.83% 7.49%
Last 10 years 6.73% 10.1%
Last 20 years 5.94% 8.57%
Last 30 years 7.86% 10.6%
Last 40 years 10.05% 13.12%
Last 50 years 7.61% 11.52%

Real Returns of Investing in the Johnson & Johnson

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 Johnson & Johnson five years ago yielded an 61.01% nominal gain, but the real return (the actual increase in buying power) was 28.23%.

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 2020 - Sep 2025 $161.01 61.01% 28.23%
Last 10 years Feb 2015 - Sep 2025 $241.93 141.93% 74.83%
Last 25 years Feb 2000 - Sep 2025 $994.08 894.08% 419.69%
Last 50 years Feb 1975 - Sep 2025 $19,608.16 19,508% 3,069%

Inflation & Johnson & Johnson's Operations

Johnson & Johnson's operations are moderately impacted by inflation due to its diverse portfolio and global scale.

  • Input Costs: The company faces rising costs for raw materials used in pharmaceuticals and consumer products, as well as components for medical devices.
  • Labor Expenses: Wage inflation for a skilled workforce, including scientists, researchers and sales personnel, can pressure margins.
  • R&D Investment: Inflation can increase the cost of research and development, a critical component of J&J's long-term growth strategy.

Johnson & Johnson mitigates these impacts through its strong pricing power, especially in the pharmaceutical segment, and by implementing operational efficiencies and cost-control measures across its supply chain.

About Johnson & Johnson

Johnson & Johnson is a diversified healthcare company founded in 1886.

The company operates in three main segments: Pharmaceuticals, which focuses on therapeutic areas like immunology and oncology; Medical Devices, which offers products for surgery and orthopedics; and Consumer Health, which includes well-known brands like Band-Aid, Tylenol and Neutrogena.

Headquartered in New Brunswick, New Jersey, Johnson & Johnson is a component of the Dow Jones Industrial Average and is renowned for its long history of dividend payments and stability.

Last Close
Dec 4, 2025
202.48
Highest
Nov 26, 2025
207.56
Highest, Inflation-Adjusted
Nov 26, 2025
207.56
Annualized return
Since Jan 2, 1970
11.02%
Annualized return, Inflation-Adjusted
Since Jan 2, 1970
6.83%

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Other Inflation-Adjusted Data