Eli Lilly and Company (LLY) Stock Inflation-Adjusted

Eli Lilly and Company (LLY) is a leading global pharmaceutical corporation that discovers, develops, manufactures and markets prescription medicines for humans and animals.

Measuring an investment's true return requires looking beyond its nominal price. Over any period, inflation reduces the value of a dollar, making the growth in real purchasing power the more meaningful metric. To provide this critical context, this page adjusts Lilly's entire stock history for inflation 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 Eli Lilly stock is 963.33 (as of the close of May 1, 2026), 13.06% lower than the all-time high of 1,108.09 (Nov 25, 2025).

Since June 2, 1972, the inflation-adjusted total return for the stock has been 6,234%, which is equivalent to an annual growth rate of 8%.

In nominal values, the total return since this date has been 50,057%, or an annualized rate of 12.22%.

Inflation-Adjusted Values by Month

This data presents Eli Lilly'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
May 2026 963.33 963.33
Apr 2026 934.6 934.6
Mar 2026 919.77 919.77
Feb 2026 1,063.03 1,051.99
Jan 2026 1,051.22 1,035.42
Dec 2025 1,093.28 1,072.89
Nov 2025 1,093.86 1,073.68
Oct 2025 860.16 860.16
Sep 2025 773.29 760.62
Aug 2025 744.35 730.29
Jul 2025 752.47 736.14
Jun 2025 793.79 775.39
May 2025 753.72 733.76
Apr 2025 918.55 892.36
Mar 2025 846.55 819.85
Feb 2025 945.76 913.88
Jan 2025 835.48 803.75
Dec 2024 800.43 765.02
Nov 2024 824.93 788.16
Oct 2024 858.72 820.88
Sep 2024 917.93 876.48
Aug 2024 996.28 949.77
Jul 2024 834.17 794.57
Jun 2024 940.13 894.47
May 2024 852.11 810.45
Apr 2024 811.32 770.37
Mar 2024 811.2 767.28
Feb 2024 790.97 743.33
Jan 2024 680.55 635.63
Dec 2023 617.82 573.91
Nov 2023 625.8 581.9
Oct 2023 584.25 544.36
Sep 2023 566.31 527.85
Aug 2023 585.76 544.63
Jul 2023 481.5 445.75
Jun 2023 497.74 459.9
May 2023 457.27 421.14
Apr 2023 421.46 387.19
Mar 2023 367.48 335.9
Feb 2023 334.12 304.4
Jan 2023 370.35 335.53
Dec 2022 396.83 356.68
Nov 2022 401.28 361.79
Oct 2022 390.08 352.04
Sep 2022 349.76 314.38
Aug 2022 326.53 292.87
Jul 2022 356.1 319.5
Jun 2022 350.16 314.21
May 2022 343.16 303.75
Apr 2022 322.27 282.15
Mar 2022 317.68 276.59
Feb 2022 280.98 241.41
Jan 2022 277.22 236.03
Dec 2021 314.67 265.68
Nov 2021 283.44 238.58
Oct 2021 291.61 244.25
Sep 2021 266.66 221.52
Aug 2021 298.91 247.64
Jul 2021 281.47 232.71
Jun 2021 266.59 219.35
May 2021 234.15 190.89
Apr 2021 215.03 173.9
Mar 2021 221.6 177.76
Feb 2021 244.76 194.95
Jan 2021 248.76 197.06
Dec 2020 202.82 159.98
Nov 2020 175.13 138.01
Oct 2020 155.97 122.99
Sep 2020 177.04 139.54
Aug 2020 177.73 139.89
Jul 2020 179.7 141
Jun 2020 197.3 154.03
May 2020 184.81 143.49
Apr 2020 185.98 144.4
Mar 2020 165.72 129.54
Feb 2020 150.35 117.78
Jan 2020 166.06 129.73
Dec 2019 156.9 122.1
Nov 2019 139.96 109.02
Oct 2019 135.06 105.26
Sep 2019 132.85 103.3
Aug 2019 134.31 104.35
Jul 2019 128.81 100.08
Jun 2019 131.2 101.77
May 2019 137.33 106.5
Apr 2019 138.16 106.92
Mar 2019 153.98 118.54
Feb 2019 150.71 115.37
Jan 2019 142.87 108.91
Dec 2018 138.2 105.14
Nov 2018 141.23 107.8
Oct 2018 128.02 98.04
Sep 2018 126.91 97.02
Aug 2018 125.09 95.52
Jul 2018 116.42 88.85
Jun 2018 100.54 76.72
May 2018 100.36 76.46
Apr 2018 95.42 72.4
Mar 2018 91.43 69.09
Feb 2018 91.22 68.78
Jan 2018 96.19 72.21
Dec 2017 100.29 74.87
Nov 2017 100.45 75.03
Oct 2017 96.64 72.19
Sep 2017 100.82 75.36
Aug 2017 96.32 71.61
Jul 2017 97.62 72.36
Jun 2017 97.12 72.05
May 2017 93.99 69.66
Apr 2017 96.39 71.38
Mar 2017 99.09 73.16
Feb 2017 97.64 72.03
Jan 2017 90.51 66.56
Dec 2016 86.92 63.55
Nov 2016 79.35 58
Oct 2016 86.59 63.39
Sep 2016 94.24 68.9
Aug 2016 91.51 66.75
Jul 2016 97.04 70.71
Jun 2016 92.04 67.18
May 2016 87.98 64.01
Apr 2016 88.34 64.01
Mar 2016 84.62 61.03
Feb 2016 84.98 61.02
Jan 2016 92.79 66.57
Dec 2015 99.01 70.92
Nov 2015 96.07 69.05
Oct 2015 94.72 68.22
Sep 2015 97.14 70
Aug 2015 95.43 68.87
Jul 2015 97.22 70.26
Jun 2015 96.05 69.41
May 2015 91.09 65.6
Apr 2015 82.82 59.34
Mar 2015 83.89 59.99
Feb 2015 81.51 57.94
Jan 2015 83.41 59.03
Dec 2014 79.55 56.57
Nov 2014 78.1 55.85
Oct 2014 75.09 53.99
Sep 2014 73.23 52.79
Aug 2014 71.83 51.74
Jul 2014 68.34 49.31
Jun 2014 69.56 50.21
May 2014 67.1 48.34
Apr 2014 65.94 47.34
Mar 2014 65.88 47.15
Feb 2014 67.15 47.75
Jan 2014 60.53 42.88
Dec 2013 57.37 40.49
Nov 2013 56.48 39.87
Oct 2013 55.38 39.17
Sep 2013 55.8 39.57
Aug 2013 57.05 40.41
Jul 2013 58.49 41.38
Jun 2013 54.12 38.27
May 2013 58.71 41.42
Apr 2013 60.74 42.77
Mar 2013 62.22 43.86
Feb 2013 60.05 42.22
Jan 2013 58.93 41.09
Dec 2012 54.29 37.75
Nov 2012 53.84 37.53
Oct 2012 52.6 36.85
Sep 2012 51.26 35.92
Aug 2012 48.77 34.03
Jul 2012 47.55 32.99
Jun 2012 46.27 32.15
May 2012 44.09 30.68
Apr 2012 44.51 31.01
Mar 2012 43.43 30.17
Feb 2012 42.65 29.4
Jan 2012 42.84 29.41
Dec 2011 45 30.76
Nov 2011 40.89 28.01
Oct 2011 39.59 27.15
Sep 2011 39.31 27.01
Aug 2011 39.94 27.4
Jul 2011 40.33 27.59
Jun 2011 39.55 27.04
May 2011 40.51 27.72
Apr 2011 38.65 26.33
Mar 2011 36.97 25.02
Feb 2011 36.68 24.58
Jan 2011 36.58 24.4
Dec 2010 37.04 24.59
Nov 2010 35.65 23.62
Oct 2010 36.79 24.37
Sep 2010 38.23 25.29
Aug 2010 35.17 23.25
Jul 2010 36.85 24.33
Jun 2010 34.68 22.89
May 2010 33.91 22.41
Apr 2010 35.7 23.57
Mar 2010 37.04 24.41
Feb 2010 35.26 23.14
Jan 2010 35.66 23.4
Dec 2009 36.3 23.74
Nov 2009 37.27 24.42
Oct 2009 34.06 22.3
Sep 2009 33.11 21.66
Aug 2009 33.56 21.94
Jul 2009 34.57 22.55
Jun 2009 34.27 22.39
May 2009 34.5 22.34
Apr 2009 32.5 20.99
Mar 2009 33.07 21.3
Feb 2009 29.15 18.73
Jan 2009 36.23 23.17
Dec 2008 39.8 25.34
Nov 2008 33.4 21.49
Oct 2008 32 20.99
Sep 2008 41.24 27.33
Aug 2008 43.64 28.95
Jul 2008 43.48 28.96
Jun 2008 42.82 28.38
May 2008 45.11 29.59
Apr 2008 45.49 29.59
Mar 2008 49.05 31.71
Feb 2008 47.96 30.75
Jan 2008 48.97 31.3
Dec 2007 51.13 32.52
Nov 2007 50.67 32.25
Oct 2007 51.71 32.72
Sep 2007 54.48 34.4
Aug 2007 55.04 34.65
Jul 2007 51.43 32.44
Jun 2007 53.12 33.52
May 2007 55.83 35.16
Apr 2007 56.25 35.21
Mar 2007 51.43 31.98
Feb 2007 50.82 31.32
Jan 2007 52.17 31.98
Dec 2006 50.37 30.78
Nov 2006 51.89 31.66
Oct 2006 53.76 32.85
Sep 2006 54.41 33.43
Aug 2006 53.13 32.8
Jul 2006 53.64 33.06
Jun 2006 52.38 32.18
May 2006 49.03 30.07
Apr 2006 50.11 30.58
Mar 2006 52.81 31.96
Feb 2006 53.41 32.14
Jan 2006 54.1 32.49
Dec 2005 54.48 32.47
Nov 2005 48.42 28.98
Oct 2005 47.01 28.36
Sep 2005 50.64 30.49
Aug 2005 52.69 31.34
Jul 2005 53.84 31.86
Jun 2005 53.5 31.51
May 2005 56.01 32.98
Apr 2005 55.76 32.86
Mar 2005 50.02 29.28
Feb 2005 54.19 31.47
Jan 2005 52.42 30.27
Dec 2004 54.96 31.67
Nov 2004 51.46 29.77
Oct 2004 52.68 30.46
Sep 2004 57.92 33.31
Aug 2004 61.33 35.19
Jul 2004 61.26 35.14
Jun 2004 67.11 38.55
May 2004 70.94 40.63
Apr 2004 71.15 40.51
Mar 2004 64.7 36.72
Feb 2004 71.97 40.58
Jan 2004 66.27 37.16
Dec 2003 68.83 38.42
Nov 2003 67.26 37.58
Oct 2003 64.62 36.2
Sep 2003 57.55 32.28
Aug 2003 64.67 36.15
Jul 2003 63.9 35.59
Jun 2003 67.02 37.28
May 2003 58.14 32.31
Apr 2003 61.66 34.32
Mar 2003 55.09 30.73
Feb 2003 54.85 30.41
Jan 2003 58.54 32.21
Dec 2002 61.99 33.96
Nov 2002 66.52 36.52
Oct 2002 53.78 29.53
Sep 2002 53.72 29.44
Aug 2002 56.44 30.89
Jul 2002 56.69 30.92
Jun 2002 54.79 29.85
May 2002 62.89 34.24
Apr 2002 63.89 34.79
Mar 2002 74.12 40.14
Feb 2002 74.08 39.89
Jan 2002 73.46 39.4
Dec 2001 76.99 41.2
Nov 2001 80.72 43.37
Oct 2001 74.31 39.99
Sep 2001 78.12 42.18
Aug 2001 75.49 40.58
Jul 2001 76.82 41.29
Jun 2001 71.5 38.54
May 2001 81.98 44.12
Apr 2001 82.37 44.13
Mar 2001 74.58 39.8
Feb 2001 77.48 41.25
Jan 2001 76.88 40.77
Dec 2000 91.37 48.14
Nov 2000 91.93 48.47
Oct 2000 87.49 46.1
Sep 2000 79.56 41.85
Aug 2000 71.98 37.66
Jul 2000 102.05 53.4
Jun 2000 98.35 51.35
May 2000 75.36 39.14
Apr 2000 76.18 39.52
Mar 2000 61.89 32.09
Feb 2000 59.23 30.46
Jan 2000 66.75 34.12
Dec 1999 66.58 33.93
Nov 1999 72.26 36.83
Oct 1999 68.78 35.04
Sep 1999 64.22 32.65
Aug 1999 75.01 37.96
Jul 1999 65.95 33.29
Jun 1999 72.13 36.3
May 1999 71.94 36.21
Apr 1999 73.92 37.2
Mar 1999 85.83 42.89
Feb 1999 95.85 47.75
Jan 1999 94.89 47.22
Dec 1998 90.24 44.79
Nov 1998 91.01 45.2
Oct 1998 82 40.73
Sep 1998 79.48 39.38
Aug 1998 66.81 33.06
Jul 1998 68.21 33.71
Jun 1998 67.28 33.21
May 1998 62.41 30.77
Apr 1998 70.65 34.77
Mar 1998 60.67 29.8
Feb 1998 67.09 32.89
Jan 1998 68.85 33.69
Dec 1997 71.02 34.69
Nov 1997 64.18 31.39
Oct 1997 68.07 33.31
Sep 1997 61.56 30.05
Aug 1997 53.36 25.98
Jul 1997 57.55 27.97
Jun 1997 55.74 27.06
May 1997 47.48 23.02
Apr 1997 44.66 21.67
Mar 1997 41.86 20.28
Feb 1997 44.57 21.54
Jan 1997 44.41 21.4
Dec 1996 37.33 17.93
Nov 1996 39.12 18.79
Oct 1996 35.95 17.24
Sep 1996 33 15.77
Aug 1996 29.38 14
Jul 1996 28.62 13.61
Jun 1996 33.29 15.8
May 1996 32.93 15.61
Apr 1996 30.17 14.28
Mar 1996 33.3 15.7
Feb 1996 31.22 14.64
Jan 1996 29.42 13.76
Dec 1995 29.08 13.52
Nov 1995 25.7 11.95
Oct 1995 24.77 11.53
Sep 1995 23.11 10.72
Aug 1995 21.09 9.77
Jul 1995 20.05 9.26
Jun 1995 20.11 9.29
May 1995 19.15 8.83
Apr 1995 19.06 8.77
Mar 1995 18.71 8.58
Feb 1995 17.2 7.86
Jan 1995 16.98 7.73
Dec 1994 16.98 7.7
Nov 1994 16.2 7.35
Oct 1994 16.06 7.27
Sep 1994 15 6.79
Aug 1994 14.82 6.69
Jul 1994 12.69 5.7
Jun 1994 14.88 6.67
May 1994 15.03 6.71
Apr 1994 12.94 5.78
Mar 1994 13.12 5.85
Feb 1994 14.62 6.49
Jan 1994 15.86 7.02
Dec 1993 15.77 6.96
Nov 1993 15.24 6.73
Oct 1993 14.39 6.35
Sep 1993 13.35 5.86
Aug 1993 12.84 5.63
Jul 1993 12.51 5.47
Jun 1993 13.21 5.78
May 1993 13.7 5.98
Apr 1993 13.31 5.81
Mar 1993 13.15 5.72
Feb 1993 13.94 6.04
Jan 1993 15.35 6.63
Dec 1992 16.58 7.13
Nov 1992 17.05 7.33
Oct 1992 16.83 7.23
Sep 1992 17.17 7.35
Aug 1992 17.9 7.64
Jul 1992 19.47 8.28
Jun 1992 17.99 7.64
May 1992 18.3 7.74
Apr 1992 19.09 8.06
Mar 1992 19.74 8.33
Feb 1992 20.92 8.78
Jan 1992 22.12 9.25
Dec 1991 23.45 9.79
Nov 1991 20.66 8.62
Oct 1991 21.67 9.02
Sep 1991 22.51 9.35
Aug 1991 23.82 9.85
Jul 1991 21.72 8.96
Jun 1991 20.47 8.43
May 1991 22.71 9.32
Apr 1991 21.99 9
Mar 1991 22.45 9.18
Feb 1991 22.7 9.27
Jan 1991 22.44 9.15
Dec 1990 21.2 8.59
Nov 1990 21.35 8.65
Oct 1990 19.55 7.9
Sep 1990 20.87 8.39
Aug 1990 22.11 8.81
Jul 1990 24.73 9.76
Jun 1990 24.78 9.75
May 1990 23.46 9.18
Apr 1990 19.87 7.76
Mar 1990 19.45 7.58
Feb 1990 18.27 7.08
Jan 1990 19.19 7.4
Dec 1989 21.04 8.03
Nov 1989 20.61 7.86
Oct 1989 19.16 7.29
Sep 1989 19.33 7.32
Aug 1989 19.19 7.24
Jul 1989 19.85 7.48
Jun 1989 17.01 6.39
May 1989 17.32 6.49
Apr 1989 16.99 6.33
Mar 1989 16.29 6.03
Feb 1989 14.89 5.48
Jan 1989 15.01 5.51
Dec 1988 13.74 5.01
Nov 1988 14.19 5.17
Oct 1988 14.44 5.26
Sep 1988 14.23 5.16
Aug 1988 13.57 4.89
Jul 1988 13.69 4.91
Jun 1988 13.74 4.91
May 1988 13.16 4.68
Apr 1988 13.23 4.69
Mar 1988 13.96 4.93
Feb 1988 13.13 4.61
Jan 1988 12.8 4.49
Dec 1987 13.09 4.57
Nov 1987 11.24 3.93
Oct 1987 12.93 4.52
Sep 1987 16.21 5.64
Aug 1987 16.63 5.76
Jul 1987 16.34 5.63
Jun 1987 16.02 5.51
May 1987 15.07 5.16
Apr 1987 15.64 5.34
Mar 1987 15.81 5.37
Feb 1987 16.38 5.53
Jan 1987 15.06 5.07
Dec 1986 13.01 4.35
Nov 1986 13.18 4.41
Oct 1986 13.12 4.38
Sep 1986 11.49 3.83
Aug 1986 13.75 4.57
Jul 1986 13.31 4.41
Jun 1986 14.3 4.74
May 1986 13.47 4.44
Apr 1986 12.01 3.95
Mar 1986 13.26 4.37
Feb 1986 10.63 3.52
Jan 1986 9.63 3.2
Dec 1985 9.88 3.27
Nov 1985 9.22 3.04
Oct 1985 8.35 2.75
Sep 1985 7.73 2.54
Aug 1985 7.77 2.54
Jul 1985 7.62 2.49
Jun 1985 7.78 2.54
May 1985 7.72 2.51
Apr 1985 6.93 2.24
Mar 1985 7.08 2.28
Feb 1985 7.06 2.27
Jan 1985 6.55 2.09
Dec 1984 6.07 1.94
Nov 1984 5.83 1.86
Oct 1984 5.57 1.78
Sep 1984 5.21 1.66
Aug 1984 5.37 1.7
Jul 1984 5.1 1.61
Jun 1984 5.66 1.78
May 1984 5.43 1.7
Apr 1984 5.89 1.84
Mar 1984 5.9 1.83
Feb 1984 6.03 1.87
Jan 1984 5.94 1.83
Dec 1983 5.53 1.7
Nov 1983 5.91 1.81
Oct 1983 6.46 1.98
Sep 1983 5.97 1.82
Aug 1983 5.87 1.78
Jul 1983 5.9 1.79
Jun 1983 6.2 1.87
May 1983 6.44 1.94
Apr 1983 6.33 1.89
Mar 1983 6.06 1.8
Feb 1983 6.03 1.79
Jan 1983 6.21 1.84
Dec 1982 5.7 1.69
Nov 1982 5.9 1.75
Oct 1982 5.76 1.71
Sep 1982 5.12 1.52
Aug 1982 5.18 1.53
Jul 1982 5.44 1.61
Jun 1982 5.71 1.68
May 1982 6.09 1.77
Apr 1982 6.4 1.84
Mar 1982 5.83 1.67
Feb 1982 5.87 1.68
Jan 1982 5.87 1.68
Dec 1981 5.77 1.64
Nov 1981 5.52 1.57
Oct 1981 5.47 1.55
Sep 1981 4.96 1.4
Aug 1981 5.48 1.53
Jul 1981 5.8 1.61
Jun 1981 6.51 1.79
May 1981 6.97 1.89
Apr 1981 7.02 1.89
Mar 1981 7.03 1.88
Feb 1981 7.13 1.9
Jan 1981 6.8 1.79
Dec 1980 7.14 1.87
Nov 1980 6.79 1.76
Oct 1980 5.85 1.5
Sep 1980 5.91 1.5
Aug 1980 6.13 1.55
Jul 1980 6.37 1.59
Jun 1980 5.72 1.43
May 1980 5.96 1.48
Apr 1980 6.02 1.48
Mar 1980 6.09 1.48
Feb 1980 6.49 1.55
Jan 1980 7.08 1.67
Dec 1979 7.53 1.75
Nov 1979 7.7 1.77
Oct 1979 7.32 1.67
Sep 1979 7.59 1.72
Aug 1979 7.38 1.65
Jul 1979 7.45 1.65
Jun 1979 7.2 1.58
May 1979 7.16 1.55
Apr 1979 7.46 1.59
Mar 1979 7.4 1.57
Feb 1979 6.99 1.46
Jan 1979 7 1.45
Dec 1978 6.83 1.4
Nov 1978 6.27 1.28
Oct 1978 6.24 1.27
Sep 1978 7.04 1.42
Aug 1978 7.23 1.44
Jul 1978 7.61 1.51
Jun 1978 6.85 1.35
May 1978 6.74 1.32
Apr 1978 6.88 1.33
Mar 1978 6.2 1.19
Feb 1978 6.02 1.15
Jan 1978 6.22 1.18
Dec 1977 5.91 1.11
Nov 1977 5.91 1.11
Oct 1977 5.62 1.05
Sep 1977 5.32 0.99
Aug 1977 6.01 1.11
Jul 1977 5.64 1.04
Jun 1977 6.24 1.15
May 1977 5.84 1.07
Apr 1977 6.13 1.11
Mar 1977 6.9 1.24
Feb 1977 6.8 1.22
Jan 1977 7.12 1.26
Dec 1976 7.92 1.4
Nov 1976 7.49 1.32
Oct 1976 9.14 1.6
Sep 1976 9.29 1.62
Aug 1976 9.19 1.6
Jul 1976 8.92 1.54
Jun 1976 8.99 1.55
May 1976 8.44 1.44
Apr 1976 8.74 1.48
Mar 1976 9.44 1.6
Feb 1976 8.96 1.51
Jan 1976 9.99 1.68
Dec 1975 9.01 1.51
Nov 1975 10.07 1.69
Oct 1975 9.83 1.63
Sep 1975 9.02 1.49
Aug 1975 11.46 1.88
Jul 1975 12.15 1.99
Jun 1975 14.16 2.3
May 1975 13.76 2.22
Apr 1975 12.81 2.05
Mar 1975 12.86 2.05
Feb 1975 13.86 2.2
Jan 1975 12.03 1.9
Dec 1974 12.69 1.99
Nov 1974 13.16 2.05
Oct 1974 13.69 2.12
Sep 1974 10.76 1.65
Aug 1974 12.2 1.85
Jul 1974 13.03 1.95
Jun 1974 15.41 2.29
May 1974 14.97 2.2
Apr 1974 15 2.18
Mar 1974 14.28 2.07
Feb 1974 14 2
Jan 1974 14.86 2.1
Dec 1973 15.51 2.17
Nov 1973 16.3 2.27
Oct 1973 17.44 2.41
Sep 1973 17.14 2.35
Aug 1973 16.32 2.23
Jul 1973 19.32 2.59
Jun 1973 18.29 2.45
May 1973 19.08 2.54
Apr 1973 17.85 2.36
Mar 1973 19.18 2.51
Feb 1973 18.99 2.47
Jan 1973 16.59 2.14
Dec 1972 18.14 2.33
Nov 1972 17.33 2.22
Oct 1972 18.08 2.32
Sep 1972 16.62 2.12
Aug 1972 17.23 2.19
Jul 1972 17.25 2.19
Jun 1972 15.44 1.95

Returns from Investing in Eli Lilly stock

How much did an investment in Eli Lilly 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 Eli Lilly 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 2005.

Year Inflation-Adjusted Return Nominal Return
2024 29.56% 33.3%
2023 55.69% 60.9%
2022 26.11% 34.25%
2021 55.15% 66.07%
2020 29.27% 31.03%
2019 13.53% 16.13%
2018 37.8% 40.43%
2017 15.38% 17.81%
2016 -12.21% -10.38%
2015 24.46% 25.37%
2014 38.67% 39.72%
2013 5.66% 7.25%
2012 20.63% 22.73%
2011 21.49% 25.09%
2010 2.05% 3.58%
2009 -8.8% -6.31%
2008 -22.16% -22.09%
2007 1.5% 5.65%
2006 -7.54% -5.2%
2005 -0.88% 2.51%
2004 -20.15% -17.55%
2003 11.04% 13.13%
2002 -19.49% -17.58%
2001 -15.73% -14.42%
2000 37.23% 41.88%
1999 -26.22% -24.24%
1998 27.07% 29.12%
1997 90.26% 93.5%
1996 28.38% 32.64%
1995 71.24% 75.59%
1994 7.65% 10.53%
1993 -4.88% -2.26%
1992 -29.3% -27.25%
1991 10.6% 13.99%
1990 0.78% 6.93%
1989 53.12% 60.23%
1988 4.98% 9.62%
1987 0.59% 5.05%
1986 31.74% 33.18%
1985 62.76% 68.94%
1984 9.71% 14.04%
1983 -3.02% 0.65%
1982 -1.11% 2.68%
1981 -19.19% -11.98%
1980 -5.16% 6.71%
1979 10.22% 24.87%
1978 15.64% 26.07%
1977 -25.47% -20.47%
1976 -12.03% -7.75%
1975 -29.01% -24.08%
1974 -18.2% -8.11%
1973 -14.51% -7.06%

Eli Lilly 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 Eli Lilly 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 8.65% 12.19%
Last 3 years 35.77% 39.9%
Last 5 years 32.93% 38.92%
Last 10 years 26.95% 31.16%
Last 20 years 15.36% 18.29%
Last 30 years 11.7% 14.53%
Last 40 years 11.18% 14.31%
Last 50 years 9.59% 13.55%

Real Returns of Investing in the Eli Lilly

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 Eli Lilly five years ago yielded an 290.16% nominal gain, but the real return (the actual increase in buying power) was 215.94%.

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 $390.16 290.16% 215.94%
Last 10 years Feb 2016 - Sep 2025 $1,246.57 1,147% 810.02%
Last 25 years Feb 2001 - Sep 2025 $1,843.91 1,744% 898.03%
Last 50 years Feb 1976 - Sep 2025 $50,245.8 50,146% 8,532%

Inflation in Eli Lilly Operations

Eli Lilly experiences moderate inflation impacts across its pharmaceutical operations, with both challenges and protective factors at play.

  • Research & Development Costs: Rising costs for specialized laboratory equipment, clinical trials and highly skilled research personnel can increase R&D expenses, which represent a significant portion of pharmaceutical operations.
  • Manufacturing & Raw Materials: Pharmaceutical ingredients, specialized chemicals and production equipment costs are subject to inflation, affecting manufacturing margins and operational efficiency.
  • Regulatory Compliance: Increased costs for regulatory submissions, quality control testing and compliance infrastructure as government agencies expand requirements and fees.
  • Global Operations: Currency fluctuations and local inflation in international markets can impact the cost structure of manufacturing facilities and sales operations worldwide.

Eli Lilly's business model provides several natural hedges against inflation. The company's patent-protected medications allow for periodic price adjustments that can help offset rising operational costs. Additionally, the long development timelines for new drugs mean that successful launches often generate substantial returns that more than compensate for inflationary pressures during the development phase.

The pharmaceutical industry's essential nature also provides pricing power during inflationary periods, as demand for critical medications remains relatively stable regardless of broader economic conditions.

About Eli Lilly

Eli Lilly and Company is one of the world's largest pharmaceutical companies, founded in 1876 and headquartered in Indianapolis, Indiana.

The company focuses on developing innovative medicines across therapeutic areas including diabetes, oncology, immunology, neuroscience and pain management. Notable products include diabetes treatments like Humalog and Mounjaro, cancer therapies and treatments for autoimmune conditions.

As a component of the Dow Jones Industrial Average and S&P 500, Eli Lilly represents a significant portion of the healthcare sector in major market indices. The company operates globally with research facilities, manufacturing sites and sales operations spanning multiple continents.

Last Close
May 1, 2026
963.33
Highest
Nov 25, 2025
1,108.09
Highest, Inflation-Adjusted
Nov 25, 2025
1,128.92
Annualized return
Since Jun 2, 1972
12.22%
Annualized return, Inflation-Adjusted
Since Jun 2, 1972
8%

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Other Inflation-Adjusted Data