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 June 2025 as the baseline (latest available CPI).

The current value of Johnson & Johnson stock is 155.17 (as of the close of Jul 15, 2025), 9.57% lower than the all-time high of 171.58 (Apr 25, 2022).

While the nominal high reached 171.58, the inflation-adjusted peak value was 191.58 on August 17, 2021.

Since January 2, 1970, the inflation-adjusted total return for the stock has been 2,901%, which is equivalent to an annual growth rate of 6.32%.

In nominal values, the total return since this date has been 25,511%, or an annualized rate of 10.5%.

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
Jul 2025	155.17	155.17
Jun 2025	152.75	152.75
May 2025	155.74	155.21
Apr 2025	157.17	156.31
Mar 2025	167.27	165.84
Feb 2025	166.82	165.02
Jan 2025	153.27	150.95
Dec 2024	146.64	143.48
Nov 2024	157.23	153.79
Oct 2024	160.79	157.35
Sep 2024	163.19	159.51
Aug 2024	167.28	163.25
Jul 2024	158.14	154.21
Jun 2024	146.6	142.79
May 2024	147.16	143.29
Apr 2024	144.16	140.13
Mar 2024	158.33	153.31
Feb 2024	162.57	156.4
Jan 2024	159.86	152.85
Dec 2023	158.54	150.77
Nov 2023	156.28	148.77
Oct 2023	148.42	141.56
Sep 2023	155.77	148.64
Aug 2023	162.1	154.3
Jul 2023	168.7	159.88
Jun 2023	167	157.96
May 2023	156.95	147.98
Apr 2023	164.87	155.06
Mar 2023	156.9	146.82
Feb 2023	155.65	145.17
Jan 2023	165.72	153.7
Dec 2022	180.56	166.14
Nov 2022	181.39	167.41
Oct 2022	175.97	162.58
Sep 2022	165.91	152.66
Aug 2022	164.21	150.78
Jul 2022	176.39	162.01
Jun 2022	179.39	164.79
May 2022	183.92	166.66
Apr 2022	185.72	166.46
Mar 2022	183.42	163.48
Feb 2022	172.59	151.81
Jan 2022	181.18	157.92
Dec 2021	181.41	156.8
Nov 2021	165.86	142.92
Oct 2021	172.98	148.33
Sep 2021	172.94	147.07
Aug 2021	185.9	157.66
Jul 2021	184.2	155.9
Jun 2021	177.06	149.14
May 2021	183.6	153.22
Apr 2021	177.94	147.32
Mar 2021	181.19	148.79
Feb 2021	175.94	143.46
Jan 2021	180.99	146.77
Dec 2020	175.35	141.6
Nov 2020	161.36	130.17
Oct 2020	151.77	122.52
Sep 2020	164.87	133.04
Aug 2020	170.12	137.08
Jul 2020	161.08	129.39
Jun 2020	156.2	124.84
May 2020	166.12	132.05
Apr 2020	166.42	132.28
Mar 2020	144.47	115.61
Feb 2020	147.84	118.56
Jan 2020	163.08	130.42
Dec 2019	160.41	127.79
Nov 2019	151.06	120.45
Oct 2019	144	114.89
Sep 2019	141.42	112.57
Aug 2019	140.42	111.69
Jul 2019	141.39	112.47
Jun 2019	151.48	120.29
May 2019	142.67	113.27
Apr 2019	152.89	121.13
Mar 2019	152.17	119.92
Feb 2019	149.58	117.22
Jan 2019	145.34	113.41
Dec 2018	141.21	109.98
Nov 2018	160.22	125.19
Oct 2018	151.22	118.55
Sep 2018	149.52	117.01
Aug 2018	145.92	114.07
Jul 2018	142.7	111.49
Jun 2018	130.67	102.08
May 2018	129.03	100.64
Apr 2018	136	105.64
Mar 2018	138.34	107.02
Feb 2018	140.52	108.47
Jan 2018	149.24	114.68
Dec 2017	151.71	115.95
Nov 2017	151.2	115.63
Oct 2017	150.38	114.99
Sep 2017	140.15	107.24
Aug 2017	143.45	109.19
Jul 2017	143.35	108.79
Jun 2017	142.79	108.43
May 2017	138.55	105.12
Apr 2017	132.63	100.54
Mar 2017	134.19	101.42
Feb 2017	131.77	99.52
Jan 2017	121.7	91.62
Dec 2016	124.52	93.2
Nov 2016	120.34	90.04
Oct 2016	124.36	93.2
Sep 2016	126.81	94.91
Aug 2016	128.42	95.89
Jul 2016	133.99	99.96
Jun 2016	129.58	96.82
May 2016	120.77	89.95
Apr 2016	119.76	88.83
Mar 2016	116.16	85.76
Feb 2016	113.44	83.39
Jan 2016	111.89	82.18
Dec 2015	110.23	80.83
Nov 2015	108.27	79.67
Oct 2015	107.04	78.92
Sep 2015	98.86	72.92
Aug 2015	99.37	73.42
Jul 2015	105.01	77.69
Jun 2015	102.13	75.56
May 2015	105.31	77.64
Apr 2015	104.1	76.36
Mar 2015	105.78	77.43
Feb 2015	108.43	78.91
Jan 2015	105.65	76.55
Dec 2014	109.81	79.94
Nov 2014	113.03	82.75
Oct 2014	111.21	81.86
Sep 2014	109.7	80.96
Aug 2014	106.84	78.78
Jul 2014	102.23	75.51
Jun 2014	106.82	78.93
May 2014	103.78	76.54
Apr 2014	103.26	75.89
Mar 2014	100.47	73.6
Feb 2014	94.83	69.02
Jan 2014	90.76	65.82
Dec 2013	94.31	68.14
Nov 2013	97.46	70.42
Oct 2013	94.5	68.42
Sep 2013	88.23	64.05
Aug 2013	88.05	63.84
Jul 2013	94.68	68.57
Jun 2013	86.98	62.96
May 2013	85.48	61.73
Apr 2013	86.06	62.04
Mar 2013	82.24	59.35
Feb 2013	76.97	55.4
Jan 2013	74.77	53.38
Dec 2012	71.12	50.62
Nov 2012	70.55	50.36
Oct 2012	70.7	50.7
Sep 2012	68.76	49.33
Aug 2012	67.59	48.27
Jul 2012	69.15	49.11
Jun 2012	67.38	47.93
May 2012	62.17	44.29
Apr 2012	64.13	45.75
Mar 2012	65.18	46.35
Feb 2012	64.8	45.73
Jan 2012	65.34	45.91
Dec 2011	65.3	45.68
Nov 2011	64.28	45.09
Oct 2011	63.32	44.45
Sep 2011	62.5	43.96
Aug 2011	64.67	45.42
Jul 2011	63.29	44.33
Jun 2011	65.04	45.52
May 2011	65.72	46.04
Apr 2011	63.94	44.58
Mar 2011	58.02	40.2
Feb 2011	60.75	41.68
Jan 2011	58.86	40.19
Dec 2010	61.2	41.59
Nov 2010	61.01	41.38
Oct 2010	62.67	42.49
Sep 2010	61	41.31
Aug 2010	56.17	38.01
Jul 2010	56.77	38.37
Jun 2010	57.73	39.01
May 2010	56.93	38.51
Apr 2010	62.28	42.09
Mar 2010	63.26	42.68
Feb 2010	61.37	41.24
Jan 2010	60.79	40.84
Dec 2009	62.5	41.84
Nov 2009	60.87	40.82
Oct 2009	56.8	38.06
Sep 2009	58.62	39.25
Aug 2009	58.22	38.96
Jul 2009	58.32	38.94
Jun 2009	54.32	36.32
May 2009	53.2	35.27
Apr 2009	50.21	33.19
Mar 2009	50.56	33.34
Feb 2009	48.18	31.7
Jan 2009	55.41	36.27
Dec 2008	57.72	37.62
Nov 2008	55.93	36.83
Oct 2008	56.97	38.25
Sep 2008	63.7	43.2
Aug 2008	64.66	43.92
Jul 2008	62.21	42.42
Jun 2008	58.77	39.86
May 2008	61.57	41.35
Apr 2008	61.98	41.28
Mar 2008	60.29	39.91
Feb 2008	58.09	38.12
Jan 2008	58.98	38.59
Dec 2007	62.61	40.77
Nov 2007	63.55	41.41
Oct 2007	61.12	39.59
Sep 2007	61.75	39.91
Aug 2007	58.24	37.54
Jul 2007	56.54	36.51
Jun 2007	57.57	37.19
May 2007	59.23	38.18
Apr 2007	60.09	38.5
Mar 2007	56.75	36.13
Feb 2007	59.81	37.73
Jan 2007	63.46	39.82
Dec 2006	62.91	39.36
Nov 2006	62.9	39.29
Oct 2006	63.86	39.95
Sep 2006	61.2	38.5
Aug 2006	60.64	38.33
Jul 2006	58.44	36.87
Jun 2006	56.14	35.32
May 2006	56.54	35.49
Apr 2006	54.96	34.33
Mar 2006	56	34.69
Feb 2006	54.82	33.77
Jan 2006	54.83	33.71
Dec 2005	57.7	35.21
Nov 2005	59.05	36.17
Oct 2005	59.09	36.49
Sep 2005	59.83	36.88
Aug 2005	60.67	36.94
Jul 2005	61.21	37.08
Jun 2005	62.5	37.68
May 2005	64.55	38.9
Apr 2005	65.63	39.6
Mar 2005	64.66	38.75
Feb 2005	63.65	37.85
Jan 2005	62.87	37.17
Dec 2004	61.75	36.43
Nov 2004	58.52	34.65
Oct 2004	56.4	33.38
Sep 2004	54.71	32.21
Aug 2004	56.55	33.22
Jul 2004	53.55	31.44
Jun 2004	53.88	31.69
May 2004	54.06	31.69
Apr 2004	52.47	30.58
Mar 2004	49.41	28.71
Feb 2004	52.86	30.51
Jan 2004	52.43	30.1
Dec 2003	50.95	29.11
Nov 2003	48.57	27.78
Oct 2003	49.21	28.23
Sep 2003	48.37	27.77
Aug 2003	48.59	27.81
Jul 2003	50.71	28.91
Jun 2003	50.67	28.86
May 2003	53.33	30.34
Apr 2003	54.97	31.32
Mar 2003	56.32	32.16
Feb 2003	51.35	29.15
Jan 2003	52.68	29.67
Dec 2002	53.01	29.73
Nov 2002	56.15	31.56
Oct 2002	57.66	32.41
Sep 2002	53.17	29.83
Aug 2002	53.48	29.96
Jul 2002	51.78	28.91
Jun 2002	51.5	28.72
May 2002	60.49	33.72
Apr 2002	62.76	34.98
Mar 2002	64.18	35.58
Feb 2002	60.52	33.36
Jan 2002	57.2	31.41
Dec 2001	58.91	32.27
Nov 2001	57.84	31.81
Oct 2001	57.23	31.53
Sep 2001	54.57	30.16
Aug 2001	52.15	28.7
Jul 2001	53.35	29.36
Jun 2001	49.13	27.11
May 2001	47.75	26.31
Apr 2001	47.56	26.09
Mar 2001	43.29	23.65
Feb 2001	48.28	26.32
Jan 2001	46.23	25.1
Dec 2000	52.48	28.31
Nov 2000	49.93	26.95
Oct 2000	45.86	24.74
Sep 2000	46.85	25.23
Aug 2000	46.1	24.69
Jul 2000	46.5	24.91
Jun 2000	51.02	27.27
May 2000	45.06	23.96
Apr 2000	41.43	22
Mar 2000	35.3	18.74
Feb 2000	36.48	19.2
Jan 2000	43.71	22.87
Dec 1999	47.5	24.78
Nov 1999	52.84	27.57
Oct 1999	53.24	27.76
Sep 1999	46.78	24.35
Aug 1999	52.31	27.1
Jul 1999	46.56	24.06
Jun 1999	50.26	25.9
May 1999	47.5	24.48
Apr 1999	49.86	25.69
Mar 1999	48.16	24.64
Feb 1999	44.11	22.49
Jan 1999	43.9	22.36
Dec 1998	43.36	22.03
Nov 1998	41.98	21.34
Oct 1998	41.99	21.35
Sep 1998	40.41	20.5
Aug 1998	35.68	18.07
Jul 1998	39.86	20.17
Jun 1998	38.23	19.32
May 1998	35.72	18.03
Apr 1998	36.92	18.6
Mar 1998	37.99	19.11
Feb 1998	39.07	19.61
Jan 1998	34.65	17.36
Dec 1997	34.16	17.08
Nov 1997	32.6	16.32
Oct 1997	29.59	14.83
Sep 1997	29.83	14.91
Aug 1997	29.38	14.65
Jul 1997	32.14	15.99
Jun 1997	33.35	16.57
May 1997	31.12	15.45
Apr 1997	31.57	15.68
Mar 1997	27.34	13.56
Feb 1997	29.81	14.75
Jan 1997	29.94	14.77
Dec 1996	25.87	12.72
Nov 1996	27.69	13.62
Oct 1996	25.57	12.55
Sep 1996	26.69	13.06
Aug 1996	25.73	12.55
Jul 1996	24.9	12.12
Jun 1996	25.87	12.57
May 1996	25.46	12.36
Apr 1996	24.13	11.69
Mar 1996	24.16	11.66
Feb 1996	24.61	11.82
Jan 1996	25.27	12.1
Dec 1995	22.64	10.77
Nov 1995	22.92	10.91
Oct 1995	21.46	10.23
Sep 1995	19.58	9.3
Aug 1995	18.27	8.66
Jul 1995	18.95	8.96
Jun 1995	17.83	8.43
May 1995	17.5	8.26
Apr 1995	17.15	8.08
Mar 1995	15.75	7.39
Feb 1995	15.08	7.05
Jan 1995	15.5	7.22
Dec 1994	14.66	6.8
Nov 1994	14.29	6.63
Oct 1994	14.65	6.79
Sep 1994	13.89	6.43
Aug 1994	13.49	6.23
Jul 1994	12.7	5.84
Jun 1994	11.61	5.33
May 1994	12.03	5.5
Apr 1994	11.25	5.14
Mar 1994	10.28	4.69
Feb 1994	10.96	4.99
Jan 1994	11.62	5.27
Dec 1993	12.34	5.58
Nov 1993	11.99	5.42
Oct 1993	11.59	5.24
Sep 1993	10.88	4.89
Aug 1993	11.28	5.06
Jul 1993	10.13	4.54
Jun 1993	11.52	5.16
May 1993	12.41	5.55
Apr 1993	12.14	5.42
Mar 1993	11.9	5.3
Feb 1993	11.91	5.28
Jan 1993	12.37	5.47
Dec 1992	14.27	6.28
Nov 1992	14.22	6.26
Oct 1992	14.14	6.21
Sep 1992	13.37	5.86
Aug 1992	14.05	6.14
Jul 1992	14.05	6.12
Jun 1992	12.8	5.56
May 1992	13.9	6.02
Apr 1992	13.63	5.9
Mar 1992	14.03	6.06
Feb 1992	14.64	6.29
Jan 1992	15.6	6.68
Dec 1991	16.64	7.12
Nov 1991	14.02	5.99
Oct 1991	13.88	5.91
Sep 1991	12.91	5.49
Aug 1991	13.63	5.77
Jul 1991	13.48	5.69
Jun 1991	12.31	5.19
May 1991	13.4	5.63
Apr 1991	14.01	5.87
Mar 1991	14.24	5.96
Feb 1991	12.21	5.1
Jan 1991	11.39	4.75
Dec 1990	10.75	4.46
Nov 1990	10.45	4.33
Oct 1990	9.67	4
Sep 1990	9.55	3.93
Aug 1990	10	4.08
Jul 1990	10.86	4.39
Jun 1990	10.45	4.21
May 1990	9.91	3.97
Apr 1990	8.81	3.52
Mar 1990	8.74	3.49
Feb 1990	8.4	3.33
Jan 1990	8.24	3.25
Dec 1989	9.44	3.69
Nov 1989	9	3.51
Oct 1989	8.84	3.44
Sep 1989	8.78	3.4
Aug 1989	8.43	3.25
Jul 1989	8.6	3.32
Jun 1989	7.73	2.97
May 1989	7.99	3.07
Apr 1989	7.83	2.99
Mar 1989	7.44	2.82
Feb 1989	7.1	2.68
Jan 1989	7.58	2.85
Dec 1988	7.08	2.64
Nov 1988	7.16	2.67
Oct 1988	7.25	2.7
Sep 1988	7.18	2.67
Aug 1988	6.82	2.52
Jul 1988	6.77	2.49
Jun 1988	6.74	2.47
May 1988	6.63	2.42
Apr 1988	6.48	2.35
Mar 1988	6.83	2.47
Feb 1988	7.19	2.59
Jan 1988	6.79	2.44
Dec 1987	6.5	2.33
Nov 1987	6.34	2.27
Oct 1987	6.95	2.49
Sep 1987	8.32	2.97
Aug 1987	8.74	3.1
Jul 1987	8.39	2.96
Jun 1987	8.11	2.85
May 1987	7.62	2.67
Apr 1987	7.75	2.71
Mar 1987	7.91	2.75
Feb 1987	7.75	2.68
Jan 1987	6.82	2.35
Dec 1986	5.95	2.04
Nov 1986	6.22	2.13
Oct 1986	6.34	2.17
Sep 1986	5.82	1.99
Aug 1986	6.75	2.3
Jul 1986	6.24	2.12
Jun 1986	6.65	2.26
May 1986	6.29	2.12
Apr 1986	6.08	2.05
Mar 1986	5.29	1.78
Feb 1986	4.56	1.55
Jan 1986	4.92	1.67
Dec 1985	4.83	1.64
Nov 1985	4.59	1.55
Oct 1985	4.33	1.46
Sep 1985	4.11	1.38
Aug 1985	4.34	1.45
Jul 1985	4.29	1.43
Jun 1985	4.32	1.44
May 1985	4.39	1.46
Apr 1985	4.11	1.36
Mar 1985	3.96	1.3
Feb 1985	3.72	1.22
Jan 1985	3.7	1.21
Dec 1984	3.44	1.12
Nov 1984	3.38	1.1
Oct 1984	3.09	1.01
Sep 1984	3.1	1.01
Aug 1984	3.24	1.05
Jul 1984	2.82	0.91
Jun 1984	2.9	0.93
May 1984	2.97	0.95
Apr 1984	3.63	1.16
Mar 1984	3.42	1.09
Feb 1984	3.51	1.11
Jan 1984	3.77	1.19
Dec 1983	4.04	1.27
Nov 1983	4.2	1.32
Oct 1983	4.35	1.36
Sep 1983	4.49	1.4
Aug 1983	4.11	1.28
Jul 1983	4.41	1.37
Jun 1983	4.96	1.53
May 1983	4.65	1.43
Apr 1983	5.09	1.56
Mar 1983	4.85	1.47
Feb 1983	4.85	1.47
Jan 1983	4.96	1.5
Dec 1982	5.1	1.54
Nov 1982	4.76	1.44
Oct 1982	4.48	1.36
Sep 1982	4.41	1.34
Aug 1982	4.62	1.4
Jul 1982	4.07	1.23
Jun 1982	4.08	1.23
May 1982	4.11	1.22
Apr 1982	4.22	1.24
Mar 1982	3.92	1.15
Feb 1982	3.92	1.15
Jan 1982	4.03	1.18
Dec 1981	3.96	1.15
Nov 1981	4.04	1.17
Oct 1981	3.9	1.13
Sep 1981	3.55	1.03
Aug 1981	3.24	0.93
Jul 1981	3.68	1.04
Jun 1981	3.87	1.09
May 1981	4.27	1.19
Apr 1981	4	1.1
Mar 1981	3.92	1.07
Feb 1981	3.91	1.07
Jan 1981	3.68	0.99
Dec 1980	3.86	1.03
Nov 1980	3.55	0.94
Oct 1980	3.34	0.88
Sep 1980	3.22	0.84
Aug 1980	3.18	0.82
Jul 1980	3.27	0.84
Jun 1980	3.17	0.81
May 1980	3.27	0.83
Apr 1980	3.13	0.79
Mar 1980	2.96	0.74
Feb 1980	2.91	0.71
Jan 1980	3.24	0.78
Dec 1979	3.45	0.82
Nov 1979	3.29	0.77
Oct 1979	3.03	0.71
Sep 1979	3.32	0.77
Aug 1979	3.49	0.8
Jul 1979	3.31	0.75
Jun 1979	3.32	0.74
May 1979	3.25	0.72
Apr 1979	3.29	0.72
Mar 1979	3.28	0.71
Feb 1979	3.3	0.71
Jan 1979	3.71	0.79
Dec 1978	3.64	0.76
Nov 1978	3.84	0.8
Oct 1978	3.66	0.76
Sep 1978	4.18	0.86
Aug 1978	4.28	0.88
Jul 1978	4.32	0.88
Jun 1978	4.17	0.84
May 1978	3.98	0.8
Apr 1978	4	0.79
Mar 1978	3.58	0.7
Feb 1978	3.56	0.69
Jan 1978	3.73	0.72
Dec 1977	4.13	0.79
Nov 1977	3.99	0.77
Oct 1977	3.98	0.76
Sep 1977	4	0.76
Aug 1977	3.94	0.75
Jul 1977	3.77	0.71
Jun 1977	3.89	0.73
May 1977	3.6	0.67
Apr 1977	3.51	0.65
Mar 1977	3.76	0.69
Feb 1977	3.76	0.69
Jan 1977	3.87	0.7
Dec 1976	4.48	0.81
Nov 1976	4.49	0.81
Oct 1976	4.95	0.89
Sep 1976	5.25	0.94
Aug 1976	5.18	0.92
Jul 1976	5.04	0.89
Jun 1976	4.94	0.87
May 1976	5.11	0.89
Apr 1976	5.2	0.9
Mar 1976	5.36	0.93
Feb 1976	5.1	0.88
Jan 1976	5.78	1
Dec 1975	5.4	0.93
Nov 1975	5.69	0.98
Oct 1975	5.45	0.93
Sep 1975	4.83	0.82
Aug 1975	5.3	0.89
Jul 1975	5.49	0.92
Jun 1975	6.07	1.01
May 1975	5.97	0.99
Apr 1975	5.72	0.94
Mar 1975	5.75	0.94
Feb 1975	5.98	0.97
Jan 1975	4.99	0.81
Dec 1974	5.21	0.84
Nov 1974	5.45	0.87
Oct 1974	5.69	0.9
Sep 1974	4.98	0.78
Aug 1974	5.74	0.89
Jul 1974	6.64	1.02
Jun 1974	7.72	1.17
May 1974	7.9	1.19
Apr 1974	7.59	1.13
Mar 1974	7.62	1.13
Feb 1974	7.22	1.06
Jan 1974	7.61	1.1
Dec 1973	8.15	1.17
Nov 1973	8.5	1.21
Oct 1973	8.86	1.25
Sep 1973	8.76	1.23
Aug 1973	8.81	1.23
Jul 1973	8.91	1.22
Jun 1973	8.61	1.18
May 1973	8.82	1.2
Apr 1973	9.08	1.23
Mar 1973	9.36	1.26
Feb 1973	9.42	1.25
Jan 1973	9.92	1.31
Dec 1972	10.26	1.35
Nov 1972	9.75	1.28
Oct 1972	10.22	1.34
Sep 1972	9.88	1.29
Aug 1972	9.82	1.28
Jul 1972	9.71	1.26
Jun 1972	9.83	1.27
May 1972	9.6	1.24
Apr 1972	9.38	1.21
Mar 1972	8.92	1.14
Feb 1972	8.33	1.07
Jan 1972	8.02	1.02
Dec 1971	8.01	1.02
Nov 1971	7.7	0.98
Oct 1971	7.35	0.93
Sep 1971	7.4	0.94
Aug 1971	7.47	0.95
Jul 1971	7.72	0.97
Jun 1971	7.92	1
May 1971	7.17	0.9
Apr 1971	7.04	0.88
Mar 1971	6.45	0.8
Feb 1971	5.9	0.73
Jan 1971	5.41	0.67
Dec 1970	4.78	0.59
Nov 1970	4.96	0.61
Oct 1970	4.81	0.59
Sep 1970	4.5	0.55
Aug 1970	4.17	0.5
Jul 1970	4.23	0.51
Jun 1970	4.01	0.48
May 1970	3.76	0.45
Apr 1970	4.14	0.49
Mar 1970	4.5	0.53
Feb 1970	4.67	0.55
Jan 1970	4.65	0.55

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	-12.2%	-9.25%
2022	-0.47%	5.96%
2021	3.45%	10.73%
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 June 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	4.2%	6.98%
Last 3 years	-5.22%	-2.5%
Last 5 years	-0.45%	4.12%
Last 10 years	4.11%	7.29%
Last 20 years	4.57%	7.25%
Last 30 years	7.42%	10.14%
Last 40 years	9.32%	12.37%
Last 50 years	6.66%	10.56%

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 June 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 28.84% nominal gain, but the real return (the actual increase in buying power) was 3.32%.

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 - Jun 2025	$128.84	28.84%	3.32%
Last 10 years Feb 2015 - Jun 2025	$193.59	93.59%	40.87%
Last 25 years Feb 2000 - Jun 2025	$795.45	695.45%	318.73%
Last 50 years Feb 1975 - Jun 2025	$15,690.21	15,590%	2,454%

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 Jul 15, 2025	155.17
Highest Apr 25, 2022	171.58
Highest, Inflation-Adjusted Aug 17, 2021	191.58
Annualized return Since Jan 2, 1970	10.5%
Annualized return, Inflation-Adjusted Since Jan 2, 1970	6.32%