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 March 2026 as the baseline (latest available CPI).

The current value of Johnson & Johnson stock is 237.96 (as of the close of Apr 13, 2026), 4.26% lower than the all-time high of 248.56 (Mar 2, 2026).

While the nominal high reached 248.56, the inflation-adjusted peak value was 251.04 on February 27, 2026.

Since January 2, 1970, the inflation-adjusted total return for the stock has been 4,582%, which is equivalent to an annual growth rate of 7.07%.

In nominal values, the total return since this date has been 40,805%, or an annualized rate of 11.28%.

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, following the same present-value method that underlies the US Inflation Calculator. 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
Apr 2026 237.96 237.96
Mar 2026 244.44 244.44
Feb 2026 251.04 248.43
Jan 2026 229.5 226.05
Dec 2025 209.77 205.86
Nov 2025 209.7 205.83
Oct 2025 186.7 186.7
Sep 2025 186.34 183.29
Aug 2025 178.5 175.13
Jul 2025 165.25 161.67
Jun 2025 153.46 149.9
May 2025 156.46 152.32
Apr 2025 156.57 152.1
Mar 2025 166.63 161.38
Feb 2025 166.18 160.58
Jan 2025 152.69 146.89
Dec 2024 146.08 139.62
Nov 2024 156.63 149.65
Oct 2024 160.17 153.11
Sep 2024 162.56 155.22
Aug 2024 166.64 158.86
Jul 2024 157.53 150.06
Jun 2024 146.04 138.94
May 2024 146.6 139.43
Apr 2024 143.61 136.36
Mar 2024 157.72 149.18
Feb 2024 161.95 152.19
Jan 2024 159.24 148.73
Dec 2023 157.93 146.71
Nov 2023 155.68 144.76
Oct 2023 147.85 137.75
Sep 2023 155.17 144.64
Aug 2023 161.48 150.14
Jul 2023 166.85 154.46
Jun 2023 165.16 152.61
May 2023 155.23 142.96
Apr 2023 163.07 149.81
Mar 2023 155.18 141.85
Feb 2023 153.95 140.25
Jan 2023 163.9 148.49
Dec 2022 178.58 160.51
Nov 2022 179.4 161.74
Oct 2022 174.04 157.07
Sep 2022 164.09 147.49
Aug 2022 162.41 145.67
Jul 2022 174.45 156.52
Jun 2022 177.42 159.2
May 2022 181.9 161.02
Apr 2022 183.69 160.82
Mar 2022 181.41 157.94
Feb 2022 170.7 146.66
Jan 2022 179.19 152.57
Dec 2021 179.42 151.49
Nov 2021 164.05 138.08
Oct 2021 171.09 143.3
Sep 2021 171.05 142.09
Aug 2021 183.86 152.32
Jul 2021 182.18 150.61
Jun 2021 175.12 144.09
May 2021 181.59 148.03
Apr 2021 174.91 141.45
Mar 2021 178.1 142.86
Feb 2021 172.93 137.74
Jan 2021 177.9 140.93
Dec 2020 172.36 135.96
Nov 2020 158.6 124.99
Oct 2020 149.18 117.64
Sep 2020 162.06 127.74
Aug 2020 167.22 131.62
Jul 2020 158.34 124.24
Jun 2020 153.54 119.87
May 2020 163.29 126.79
Apr 2020 163.58 127.01
Mar 2020 142.01 111
Feb 2020 145.32 113.84
Jan 2020 160.3 125.23
Dec 2019 157.68 122.7
Nov 2019 148.48 115.65
Oct 2019 141.55 110.31
Sep 2019 139.01 108.09
Aug 2019 138.02 107.24
Jul 2019 138.98 107.99
Jun 2019 148.9 115.5
May 2019 140.24 108.76
Apr 2019 150.28 116.3
Mar 2019 149.57 115.14
Feb 2019 147.02 112.55
Jan 2019 142.86 108.9
Dec 2018 138.8 105.6
Nov 2018 157.49 120.21
Oct 2018 148.64 113.83
Sep 2018 146.97 112.35
Aug 2018 143.43 109.52
Jul 2018 140.27 107.05
Jun 2018 128.44 98.02
May 2018 126.83 96.63
Apr 2018 133.68 101.43
Mar 2018 135.98 102.76
Feb 2018 138.12 104.15
Jan 2018 146.69 110.11
Dec 2017 149.13 111.33
Nov 2017 148.62 111.02
Oct 2017 147.81 110.41
Sep 2017 137.76 102.97
Aug 2017 141 104.84
Jul 2017 140.91 104.45
Jun 2017 140.35 104.11
May 2017 136.19 100.94
Apr 2017 130.37 96.54
Mar 2017 131.9 97.38
Feb 2017 129.52 95.55
Jan 2017 119.62 87.97
Dec 2016 122.4 89.49
Nov 2016 118.28 86.45
Oct 2016 122.24 89.48
Sep 2016 124.65 91.13
Aug 2016 126.23 92.07
Jul 2016 131.71 95.97
Jun 2016 127.37 92.96
May 2016 118.71 86.36
Apr 2016 117.72 85.29
Mar 2016 114.18 82.34
Feb 2016 111.5 80.06
Jan 2016 109.99 78.91
Dec 2015 108.35 77.61
Nov 2015 106.43 76.49
Oct 2015 105.21 75.78
Sep 2015 97.17 70.02
Aug 2015 97.67 70.49
Jul 2015 103.22 74.6
Jun 2015 100.39 72.55
May 2015 103.51 74.55
Apr 2015 102.32 73.32
Mar 2015 103.98 74.35
Feb 2015 106.58 75.76
Jan 2015 103.85 73.5
Dec 2014 107.93 76.75
Nov 2014 111.1 79.45
Oct 2014 109.31 78.6
Sep 2014 107.83 77.73
Aug 2014 105.02 75.64
Jul 2014 100.49 72.5
Jun 2014 105 75.78
May 2014 102.01 73.5
Apr 2014 101.5 72.87
Mar 2014 98.75 70.67
Feb 2014 93.21 66.27
Jan 2014 89.21 63.19
Dec 2013 92.7 65.42
Nov 2013 95.8 67.62
Oct 2013 92.89 65.7
Sep 2013 86.73 61.5
Aug 2013 86.55 61.3
Jul 2013 93.06 65.83
Jun 2013 85.49 60.46
May 2013 84.02 59.27
Apr 2013 84.59 59.57
Mar 2013 80.83 56.98
Feb 2013 75.66 53.19
Jan 2013 73.5 51.26
Dec 2012 69.91 48.61
Nov 2012 69.35 48.35
Oct 2012 69.49 48.68
Sep 2012 67.59 47.37
Aug 2012 66.43 46.35
Jul 2012 67.97 47.16
Jun 2012 66.23 46.02
May 2012 61.11 42.53
Apr 2012 63.04 43.93
Mar 2012 64.07 44.51
Feb 2012 63.69 43.91
Jan 2012 64.23 44.09
Dec 2011 64.18 43.86
Nov 2011 63.19 43.29
Oct 2011 62.24 42.68
Sep 2011 61.44 42.21
Aug 2011 63.57 43.61
Jul 2011 62.22 42.57
Jun 2011 63.93 43.7
May 2011 64.6 44.21
Apr 2011 62.85 42.81
Mar 2011 57.03 38.59
Feb 2011 59.71 40.02
Jan 2011 57.86 38.59
Dec 2010 60.16 39.93
Nov 2010 59.97 39.74
Oct 2010 61.6 40.8
Sep 2010 59.96 39.66
Aug 2010 55.21 36.5
Jul 2010 55.8 36.84
Jun 2010 56.75 37.46
May 2010 55.96 36.97
Apr 2010 61.21 40.41
Mar 2010 62.18 40.98
Feb 2010 60.33 39.6
Jan 2010 59.75 39.21
Dec 2009 61.44 40.18
Nov 2009 59.83 39.2
Oct 2009 55.83 36.55
Sep 2009 57.62 37.69
Aug 2009 57.23 37.41
Jul 2009 57.33 37.39
Jun 2009 53.39 34.87
May 2009 52.29 33.87
Apr 2009 49.35 31.87
Mar 2009 49.7 32.01
Feb 2009 47.36 30.43
Jan 2009 54.47 34.83
Dec 2008 56.73 36.12
Nov 2008 54.97 35.36
Oct 2008 56 36.73
Sep 2008 62.61 41.48
Aug 2008 63.56 42.17
Jul 2008 61.15 40.73
Jun 2008 57.76 38.28
May 2008 60.52 39.7
Apr 2008 60.92 39.64
Mar 2008 59.27 38.32
Feb 2008 57.1 36.6
Jan 2008 57.97 37.06
Dec 2007 61.55 39.15
Nov 2007 62.46 39.76
Oct 2007 60.08 38.01
Sep 2007 60.7 38.32
Aug 2007 57.24 36.04
Jul 2007 55.57 35.06
Jun 2007 56.59 35.7
May 2007 58.22 36.66
Apr 2007 59.07 36.97
Mar 2007 55.78 34.69
Feb 2007 58.79 36.23
Jan 2007 62.37 38.23
Dec 2006 61.83 37.79
Nov 2006 61.82 37.73
Oct 2006 62.77 38.36
Sep 2006 60.15 36.96
Aug 2006 59.6 36.8
Jul 2006 57.44 35.4
Jun 2006 55.19 33.91
May 2006 55.57 34.08
Apr 2006 54.02 32.96
Mar 2006 55.05 33.31
Feb 2006 53.89 32.42
Jan 2006 53.89 32.36
Dec 2005 56.72 33.8
Nov 2005 58.04 34.73
Oct 2005 58.08 35.04
Sep 2005 58.81 35.41
Aug 2005 59.63 35.47
Jul 2005 60.17 35.6
Jun 2005 61.43 36.18
May 2005 63.45 37.35
Apr 2005 64.51 38.02
Mar 2005 63.56 37.2
Feb 2005 62.57 36.34
Jan 2005 61.8 35.69
Dec 2004 60.7 34.98
Nov 2004 57.52 33.27
Oct 2004 55.44 32.05
Sep 2004 53.78 30.93
Aug 2004 55.58 31.9
Jul 2004 52.64 30.19
Jun 2004 52.96 30.43
May 2004 53.14 30.43
Apr 2004 51.57 29.36
Mar 2004 48.57 27.56
Feb 2004 51.95 29.3
Jan 2004 51.53 28.9
Dec 2003 50.08 27.95
Nov 2003 47.74 26.67
Oct 2003 48.37 27.1
Sep 2003 47.54 26.67
Aug 2003 47.76 26.7
Jul 2003 49.84 27.76
Jun 2003 49.81 27.71
May 2003 52.42 29.13
Apr 2003 54.03 30.08
Mar 2003 55.36 30.88
Feb 2003 50.48 27.99
Jan 2003 51.78 28.49
Dec 2002 52.11 28.55
Nov 2002 55.2 30.3
Oct 2002 56.68 31.12
Sep 2002 52.26 28.64
Aug 2002 52.57 28.77
Jul 2002 50.9 27.76
Jun 2002 50.62 27.58
May 2002 59.46 32.38
Apr 2002 61.69 33.59
Mar 2002 63.09 34.16
Feb 2002 59.49 32.03
Jan 2002 56.22 30.15
Dec 2001 57.91 30.99
Nov 2001 56.85 30.54
Oct 2001 56.26 30.27
Sep 2001 53.64 28.96
Aug 2001 51.26 27.55
Jul 2001 52.44 28.19
Jun 2001 48.29 26.03
May 2001 46.94 25.26
Apr 2001 46.75 25.05
Mar 2001 42.56 22.71
Feb 2001 47.46 25.27
Jan 2001 45.44 24.1
Dec 2000 51.59 27.18
Nov 2000 49.07 25.87
Oct 2000 45.08 23.76
Sep 2000 46.05 24.22
Aug 2000 45.31 23.71
Jul 2000 45.71 23.92
Jun 2000 50.15 26.18
May 2000 44.29 23
Apr 2000 40.73 21.13
Mar 2000 34.7 17.99
Feb 2000 35.86 18.44
Jan 2000 42.96 21.96
Dec 1999 46.69 23.79
Nov 1999 51.94 26.47
Oct 1999 52.33 26.66
Sep 1999 45.98 23.38
Aug 1999 51.42 26.02
Jul 1999 45.77 23.11
Jun 1999 49.4 24.87
May 1999 46.69 23.5
Apr 1999 49.01 24.67
Mar 1999 47.34 23.65
Feb 1999 43.36 21.6
Jan 1999 43.15 21.47
Dec 1998 42.62 21.16
Nov 1998 41.26 20.49
Oct 1998 41.27 20.5
Sep 1998 39.72 19.68
Aug 1998 35.07 17.35
Jul 1998 39.18 19.36
Jun 1998 37.58 18.55
May 1998 35.11 17.31
Apr 1998 36.29 17.86
Mar 1998 37.35 18.34
Feb 1998 38.4 18.83
Jan 1998 34.06 16.67
Dec 1997 33.58 16.4
Nov 1997 32.04 15.67
Oct 1997 29.09 14.23
Sep 1997 29.32 14.31
Aug 1997 28.88 14.06
Jul 1997 31.59 15.36
Jun 1997 32.78 15.91
May 1997 30.59 14.83
Apr 1997 31.03 15.05
Mar 1997 26.88 13.02
Feb 1997 29.3 14.16
Jan 1997 29.43 14.18
Dec 1996 25.43 12.22
Nov 1996 27.22 13.07
Oct 1996 25.13 12.05
Sep 1996 26.23 12.54
Aug 1996 25.29 12.05
Jul 1996 24.48 11.64
Jun 1996 25.43 12.07
May 1996 25.02 11.87
Apr 1996 23.72 11.23
Mar 1996 23.75 11.2
Feb 1996 24.19 11.35
Jan 1996 24.84 11.61
Dec 1995 22.25 10.34
Nov 1995 22.53 10.48
Oct 1995 21.1 9.82
Sep 1995 19.25 8.93
Aug 1995 17.95 8.31
Jul 1995 18.63 8.6
Jun 1995 17.53 8.09
May 1995 17.2 7.93
Apr 1995 16.86 7.76
Mar 1995 15.49 7.1
Feb 1995 14.82 6.77
Jan 1995 15.24 6.94
Dec 1994 14.41 6.53
Nov 1994 14.05 6.37
Oct 1994 14.4 6.52
Sep 1994 13.65 6.18
Aug 1994 13.26 5.98
Jul 1994 12.48 5.61
Jun 1994 11.42 5.12
May 1994 11.82 5.28
Apr 1994 11.06 4.94
Mar 1994 10.11 4.5
Feb 1994 10.78 4.79
Jan 1994 11.42 5.06
Dec 1993 12.13 5.35
Nov 1993 11.79 5.21
Oct 1993 11.39 5.03
Sep 1993 10.69 4.7
Aug 1993 11.09 4.86
Jul 1993 9.96 4.36
Jun 1993 11.32 4.95
May 1993 12.19 5.33
Apr 1993 11.94 5.21
Mar 1993 11.7 5.09
Feb 1993 11.7 5.07
Jan 1993 12.16 5.25
Dec 1992 14.02 6.03
Nov 1992 13.98 6.01
Oct 1992 13.89 5.97
Sep 1992 13.14 5.62
Aug 1992 13.81 5.89
Jul 1992 13.81 5.88
Jun 1992 12.58 5.34
May 1992 13.66 5.78
Apr 1992 13.4 5.66
Mar 1992 13.79 5.82
Feb 1992 14.39 6.04
Jan 1992 15.34 6.41
Dec 1991 16.36 6.83
Nov 1991 13.78 5.75
Oct 1991 13.64 5.68
Sep 1991 12.69 5.27
Aug 1991 13.4 5.54
Jul 1991 13.25 5.47
Jun 1991 12.1 4.98
May 1991 13.17 5.41
Apr 1991 13.77 5.64
Mar 1991 13.99 5.72
Feb 1991 12 4.9
Jan 1991 11.2 4.56
Dec 1990 10.57 4.28
Nov 1990 10.27 4.16
Oct 1990 9.5 3.84
Sep 1990 9.39 3.77
Aug 1990 9.82 3.92
Jul 1990 10.67 4.21
Jun 1990 10.28 4.04
May 1990 9.74 3.81
Apr 1990 8.66 3.38
Mar 1990 8.59 3.35
Feb 1990 8.25 3.2
Jan 1990 8.1 3.12
Dec 1989 9.28 3.54
Nov 1989 8.84 3.37
Oct 1989 8.69 3.3
Sep 1989 8.63 3.27
Aug 1989 8.28 3.12
Jul 1989 8.45 3.18
Jun 1989 7.6 2.86
May 1989 7.86 2.95
Apr 1989 7.69 2.87
Mar 1989 7.31 2.71
Feb 1989 6.98 2.57
Jan 1989 7.45 2.73
Dec 1988 6.96 2.54
Nov 1988 7.04 2.57
Oct 1988 7.13 2.6
Sep 1988 7.06 2.56
Aug 1988 6.71 2.42
Jul 1988 6.65 2.39
Jun 1988 6.63 2.37
May 1988 6.52 2.32
Apr 1988 6.37 2.26
Mar 1988 6.71 2.37
Feb 1988 7.07 2.48
Jan 1988 6.67 2.34
Dec 1987 6.39 2.23
Nov 1987 6.23 2.18
Oct 1987 6.84 2.39
Sep 1987 8.18 2.85
Aug 1987 8.59 2.98
Jul 1987 8.25 2.84
Jun 1987 7.97 2.74
May 1987 7.49 2.57
Apr 1987 7.62 2.6
Mar 1987 7.78 2.64
Feb 1987 7.61 2.57
Jan 1987 6.7 2.26
Dec 1986 5.85 1.96
Nov 1986 6.11 2.04
Oct 1986 6.23 2.08
Sep 1986 5.72 1.91
Aug 1986 6.63 2.2
Jul 1986 6.13 2.03
Jun 1986 6.53 2.17
May 1986 6.19 2.04
Apr 1986 5.98 1.97
Mar 1986 5.19 1.71
Feb 1986 4.48 1.48
Jan 1986 4.83 1.6
Dec 1985 4.74 1.57
Nov 1985 4.51 1.49
Oct 1985 4.26 1.4
Sep 1985 4.04 1.32
Aug 1985 4.26 1.39
Jul 1985 4.22 1.38
Jun 1985 4.25 1.38
May 1985 4.32 1.4
Apr 1985 4.04 1.31
Mar 1985 3.89 1.25
Feb 1985 3.66 1.17
Jan 1985 3.64 1.16
Dec 1984 3.38 1.08
Nov 1984 3.32 1.06
Oct 1984 3.04 0.97
Sep 1984 3.05 0.97
Aug 1984 3.18 1.01
Jul 1984 2.77 0.87
Jun 1984 2.85 0.89
May 1984 2.92 0.91
Apr 1984 3.57 1.11
Mar 1984 3.36 1.04
Feb 1984 3.45 1.07
Jan 1984 3.71 1.14
Dec 1983 3.97 1.22
Nov 1983 4.12 1.26
Oct 1983 4.28 1.31
Sep 1983 4.41 1.35
Aug 1983 4.04 1.23
Jul 1983 4.34 1.31
Jun 1983 4.88 1.47
May 1983 4.57 1.37
Apr 1983 5.01 1.5
Mar 1983 4.77 1.41
Feb 1983 4.77 1.41
Jan 1983 4.87 1.44
Dec 1982 5.01 1.48
Nov 1982 4.67 1.39
Oct 1982 4.4 1.31
Sep 1982 4.34 1.29
Aug 1982 4.54 1.34
Jul 1982 4 1.18
Jun 1982 4.01 1.18
May 1982 4.04 1.17
Apr 1982 4.15 1.19
Mar 1982 3.86 1.1
Feb 1982 3.85 1.1
Jan 1982 3.96 1.13
Dec 1981 3.89 1.11
Nov 1981 3.97 1.13
Oct 1981 3.84 1.09
Sep 1981 3.49 0.98
Aug 1981 3.19 0.89
Jul 1981 3.62 1
Jun 1981 3.81 1.04
May 1981 4.2 1.14
Apr 1981 3.93 1.06
Mar 1981 3.85 1.03
Feb 1981 3.85 1.02
Jan 1981 3.61 0.95
Dec 1980 3.8 0.99
Nov 1980 3.49 0.9
Oct 1980 3.28 0.84
Sep 1980 3.17 0.81
Aug 1980 3.13 0.79
Jul 1980 3.22 0.81
Jun 1980 3.12 0.78
May 1980 3.21 0.8
Apr 1980 3.08 0.75
Mar 1980 2.91 0.71
Feb 1980 2.86 0.68
Jan 1980 3.18 0.75
Dec 1979 3.39 0.79
Nov 1979 3.23 0.74
Oct 1979 2.97 0.68
Sep 1979 3.26 0.74
Aug 1979 3.43 0.77
Jul 1979 3.26 0.72
Jun 1979 3.26 0.71
May 1979 3.2 0.69
Apr 1979 3.24 0.69
Mar 1979 3.23 0.68
Feb 1979 3.24 0.68
Jan 1979 3.65 0.75
Dec 1978 3.58 0.73
Nov 1978 3.77 0.77
Oct 1978 3.6 0.73
Sep 1978 4.1 0.83
Aug 1978 4.2 0.84
Jul 1978 4.24 0.84
Jun 1978 4.1 0.81
May 1978 3.91 0.76
Apr 1978 3.93 0.76
Mar 1978 3.52 0.68
Feb 1978 3.5 0.67
Jan 1978 3.66 0.69
Dec 1977 4.06 0.76
Nov 1977 3.93 0.74
Oct 1977 3.91 0.73
Sep 1977 3.93 0.73
Aug 1977 3.88 0.72
Jul 1977 3.7 0.68
Jun 1977 3.82 0.7
May 1977 3.54 0.65
Apr 1977 3.45 0.63
Mar 1977 3.7 0.67
Feb 1977 3.69 0.66
Jan 1977 3.8 0.67
Dec 1976 4.4 0.78
Nov 1976 4.42 0.78
Oct 1976 4.86 0.85
Sep 1976 5.16 0.9
Aug 1976 5.09 0.89
Jul 1976 4.95 0.86
Jun 1976 4.86 0.84
May 1976 5.02 0.86
Apr 1976 5.11 0.87
Mar 1976 5.27 0.89
Feb 1976 5.02 0.85
Jan 1976 5.68 0.96
Dec 1975 5.31 0.89
Nov 1975 5.6 0.94
Oct 1975 5.35 0.89
Sep 1975 4.75 0.79
Aug 1975 5.21 0.86
Jul 1975 5.39 0.89
Jun 1975 5.97 0.97
May 1975 5.87 0.95
Apr 1975 5.62 0.9
Mar 1975 5.65 0.9
Feb 1975 5.88 0.93
Jan 1975 4.9 0.77
Dec 1974 5.12 0.8
Nov 1974 5.36 0.84
Oct 1974 5.59 0.87
Sep 1974 4.9 0.75
Aug 1974 5.64 0.85
Jul 1974 6.53 0.98
Jun 1974 7.59 1.13
May 1974 7.77 1.14
Apr 1974 7.46 1.08
Mar 1974 7.49 1.08
Feb 1974 7.1 1.01
Jan 1974 7.48 1.06
Dec 1973 8.01 1.12
Nov 1973 8.35 1.16
Oct 1973 8.7 1.2
Sep 1973 8.61 1.18
Aug 1973 8.66 1.18
Jul 1973 8.76 1.17
Jun 1973 8.46 1.13
May 1973 8.67 1.15
Apr 1973 8.92 1.18
Mar 1973 9.2 1.21
Feb 1973 9.26 1.2
Jan 1973 9.75 1.26
Dec 1972 10.08 1.3
Nov 1972 9.58 1.23
Oct 1972 10.04 1.29
Sep 1972 9.71 1.24
Aug 1972 9.66 1.23
Jul 1972 9.54 1.21
Jun 1972 9.67 1.22
May 1972 9.43 1.19
Apr 1972 9.22 1.16
Mar 1972 8.76 1.1
Feb 1972 8.19 1.02
Jan 1972 7.88 0.98
Dec 1971 7.87 0.98
Nov 1971 7.57 0.94
Oct 1971 7.23 0.89
Sep 1971 7.27 0.9
Aug 1971 7.34 0.91
Jul 1971 7.58 0.93
Jun 1971 7.78 0.96
May 1971 7.05 0.86
Apr 1971 6.92 0.84
Mar 1971 6.34 0.77
Feb 1971 5.8 0.7
Jan 1971 5.32 0.64
Dec 1970 4.7 0.57
Nov 1970 4.87 0.58
Oct 1970 4.73 0.56
Sep 1970 4.42 0.52
Aug 1970 4.09 0.48
Jul 1970 4.16 0.49
Jun 1970 3.95 0.46
May 1970 3.7 0.43
Apr 1970 4.07 0.47
Mar 1970 4.43 0.51
Feb 1970 4.59 0.53
Jan 1970 4.58 0.52

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 March 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 46.7% 51.47%
Last 3 years 16.35% 19.89%
Last 5 years 6.54% 11.34%
Last 10 years 7.91% 11.5%
Last 20 years 7.74% 10.48%
Last 30 years 8.08% 10.82%
Last 40 years 10.11% 13.21%
Last 50 years 7.98% 11.88%

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 33.07% nominal gain, but the real return (the actual increase in buying power) was 7.75%.

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 $133.07 33.07% 7.75%
Last 10 years Feb 2016 - Sep 2025 $228.93 128.93% 67.12%
Last 25 years Feb 2001 - Sep 2025 $725.41 625.41% 292.63%
Last 50 years Feb 1976 - Sep 2025 $21,620.72 21,521% 3,614%

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
Apr 13, 2026
237.96
Highest
Mar 2, 2026
248.56
Highest, Inflation-Adjusted
Feb 27, 2026
251.04
Annualized return
Since Jan 2, 1970
11.28%
Annualized return, Inflation-Adjusted
Since Jan 2, 1970
7.07%

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Other Inflation-Adjusted Data