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 September 2026 as the baseline (latest available CPI).

The current value of Eli Lilly stock is 1,373.7 (as of the close of Oct 29, 2026), which is the all-time high.

Since June 2, 1972, the inflation-adjusted total return for the stock has been 8,780%, which is equivalent to an annual growth rate of 8.6%.

In nominal values, the total return since this date has been 71,648%, or an annualized rate of 12.85%.

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
Oct 2026 1,373.7 1,373.7
Sep 2026 1,157.08 1,157.08
Aug 2026 1,163.5 1,156.73
Jul 2026 1,157.58 1,147.2
Jun 2026 1,208.43 1,197.72
May 2026 1,109.4 1,103.42
Apr 2026 942.63 931.66
Mar 2026 935.56 916.88
Feb 2026 1,081.27 1,048.68
Jan 2026 1,069.26 1,032.17
Dec 2025 1,112.05 1,069.52
Nov 2025 1,112.63 1,070.31
Oct 2025 857.46 857.46
Sep 2025 786.57 758.23
Aug 2025 757.13 728
Jul 2025 765.39 733.83
Jun 2025 807.41 772.96
May 2025 766.66 731.45
Apr 2025 934.32 889.55
Mar 2025 861.08 817.28
Feb 2025 961.99 911
Jan 2025 849.82 801.22
Dec 2024 814.17 762.62
Nov 2024 839.09 785.68
Oct 2024 873.46 818.3
Sep 2024 933.69 873.73
Aug 2024 1,013.39 946.79
Jul 2024 848.49 792.08
Jun 2024 956.26 891.66
May 2024 866.74 807.9
Apr 2024 825.24 767.95
Mar 2024 825.13 764.87
Feb 2024 804.54 740.99
Jan 2024 692.23 633.63
Dec 2023 628.42 572.11
Nov 2023 636.54 580.08
Oct 2023 594.28 542.65
Sep 2023 576.03 526.2
Aug 2023 595.82 542.92
Jul 2023 489.77 444.35
Jun 2023 506.28 458.45
May 2023 465.12 419.82
Apr 2023 428.69 385.97
Mar 2023 373.79 334.84
Feb 2023 339.86 303.45
Jan 2023 376.7 334.48
Dec 2022 403.65 355.56
Nov 2022 408.17 360.65
Oct 2022 396.78 350.94
Sep 2022 355.76 313.39
Aug 2022 332.14 291.95
Jul 2022 362.21 318.5
Jun 2022 356.17 313.22
May 2022 349.05 302.8
Apr 2022 327.8 281.27
Mar 2022 323.13 275.72
Feb 2022 285.8 240.66
Jan 2022 281.98 235.29
Dec 2021 320.08 264.85
Nov 2021 288.31 237.83
Oct 2021 296.61 243.48
Sep 2021 271.24 220.82
Aug 2021 304.04 246.86
Jul 2021 286.3 231.98
Jun 2021 271.16 218.66
May 2021 238.17 190.29
Apr 2021 218.72 173.36
Mar 2021 225.41 177.2
Feb 2021 248.96 194.34
Jan 2021 253.03 196.44
Dec 2020 206.3 159.48
Nov 2020 178.13 137.58
Oct 2020 158.65 122.6
Sep 2020 180.07 139.1
Aug 2020 180.78 139.45
Jul 2020 182.78 140.56
Jun 2020 200.68 153.55
May 2020 187.98 143.04
Apr 2020 189.17 143.95
Mar 2020 168.56 129.13
Feb 2020 152.93 117.41
Jan 2020 168.91 129.32
Dec 2019 159.59 121.72
Nov 2019 142.37 108.68
Oct 2019 137.38 104.93
Sep 2019 135.13 102.98
Aug 2019 136.62 104.03
Jul 2019 131.02 99.77
Jun 2019 133.45 101.45
May 2019 139.69 106.17
Apr 2019 140.53 106.58
Mar 2019 156.63 118.16
Feb 2019 153.3 115
Jan 2019 145.32 108.56
Dec 2018 140.57 104.81
Nov 2018 143.66 107.46
Oct 2018 130.22 97.73
Sep 2018 129.09 96.71
Aug 2018 127.24 95.22
Jul 2018 118.42 88.57
Jun 2018 102.27 76.48
May 2018 102.08 76.22
Apr 2018 97.06 72.17
Mar 2018 93 68.88
Feb 2018 92.78 68.57
Jan 2018 97.84 71.98
Dec 2017 102.01 74.64
Nov 2017 102.17 74.8
Oct 2017 98.3 71.96
Sep 2017 102.55 75.12
Aug 2017 97.97 71.39
Jul 2017 99.29 72.13
Jun 2017 98.79 71.82
May 2017 95.6 69.44
Apr 2017 98.05 71.15
Mar 2017 100.79 72.93
Feb 2017 99.32 71.81
Jan 2017 92.06 66.35
Dec 2016 88.41 63.35
Nov 2016 80.71 57.81
Oct 2016 88.08 63.19
Sep 2016 95.86 68.69
Aug 2016 93.08 66.54
Jul 2016 98.7 70.49
Jun 2016 93.62 66.97
May 2016 89.49 63.81
Apr 2016 89.86 63.81
Mar 2016 86.08 60.83
Feb 2016 86.43 60.83
Jan 2016 94.38 66.36
Dec 2015 100.71 70.69
Nov 2015 97.72 68.83
Oct 2015 96.35 68.01
Sep 2015 98.8 69.78
Aug 2015 97.07 68.66
Jul 2015 98.88 70.04
Jun 2015 97.7 69.19
May 2015 92.65 65.39
Apr 2015 84.25 59.16
Mar 2015 85.33 59.8
Feb 2015 82.91 57.76
Jan 2015 84.84 58.85
Dec 2014 80.91 56.39
Nov 2014 79.44 55.68
Oct 2014 76.38 53.82
Sep 2014 74.49 52.62
Aug 2014 73.06 51.58
Jul 2014 69.52 49.16
Jun 2014 70.75 50.05
May 2014 68.25 48.19
Apr 2014 67.07 47.19
Mar 2014 67.02 47
Feb 2014 68.31 47.6
Jan 2014 61.56 42.74
Dec 2013 58.35 40.36
Nov 2013 57.45 39.74
Oct 2013 56.33 39.04
Sep 2013 56.76 39.44
Aug 2013 58.03 40.28
Jul 2013 59.49 41.25
Jun 2013 55.05 38.15
May 2013 59.72 41.29
Apr 2013 61.78 42.64
Mar 2013 63.29 43.72
Feb 2013 61.08 42.08
Jan 2013 59.94 40.96
Dec 2012 55.22 37.63
Nov 2012 54.76 37.42
Oct 2012 53.5 36.73
Sep 2012 52.14 35.81
Aug 2012 49.61 33.92
Jul 2012 48.37 32.89
Jun 2012 47.06 32.05
May 2012 44.84 30.59
Apr 2012 45.27 30.92
Mar 2012 44.18 30.08
Feb 2012 43.38 29.31
Jan 2012 43.58 29.32
Dec 2011 45.78 30.66
Nov 2011 41.59 27.92
Oct 2011 40.27 27.06
Sep 2011 39.98 26.93
Aug 2011 40.63 27.32
Jul 2011 41.02 27.5
Jun 2011 40.23 26.95
May 2011 41.2 27.63
Apr 2011 39.32 26.24
Mar 2011 37.6 24.94
Feb 2011 37.31 24.51
Jan 2011 37.21 24.32
Dec 2010 37.68 24.51
Nov 2010 36.26 23.55
Oct 2010 37.42 24.29
Sep 2010 38.88 25.21
Aug 2010 35.77 23.18
Jul 2010 37.48 24.25
Jun 2010 35.28 22.82
May 2010 34.5 22.34
Apr 2010 36.31 23.5
Mar 2010 37.68 24.34
Feb 2010 35.87 23.07
Jan 2010 36.27 23.33
Dec 2009 36.92 23.66
Nov 2009 37.91 24.34
Oct 2009 34.65 22.23
Sep 2009 33.68 21.59
Aug 2009 34.14 21.87
Jul 2009 35.17 22.48
Jun 2009 34.86 22.32
May 2009 35.09 22.27
Apr 2009 33.06 20.92
Mar 2009 33.63 21.23
Feb 2009 29.65 18.67
Jan 2009 36.85 23.09
Dec 2008 40.48 25.26
Nov 2008 33.97 21.42
Oct 2008 32.55 20.92
Sep 2008 41.95 27.24
Aug 2008 44.39 28.86
Jul 2008 44.22 28.87
Jun 2008 43.56 28.29
May 2008 45.88 29.5
Apr 2008 46.27 29.5
Mar 2008 49.89 31.61
Feb 2008 48.79 30.65
Jan 2008 49.81 31.2
Dec 2007 52.01 32.42
Nov 2007 51.54 32.15
Oct 2007 52.6 32.62
Sep 2007 55.42 34.29
Aug 2007 55.98 34.54
Jul 2007 52.31 32.34
Jun 2007 54.03 33.41
May 2007 56.79 35.05
Apr 2007 57.22 35.1
Mar 2007 52.31 31.88
Feb 2007 51.69 31.22
Jan 2007 53.06 31.88
Dec 2006 51.24 30.69
Nov 2006 52.78 31.56
Oct 2006 54.68 32.75
Sep 2006 55.34 33.33
Aug 2006 54.04 32.7
Jul 2006 54.56 32.95
Jun 2006 53.28 32.08
May 2006 49.88 29.98
Apr 2006 50.97 30.48
Mar 2006 53.72 31.86
Feb 2006 54.33 32.04
Jan 2006 55.03 32.39
Dec 2005 55.42 32.37
Nov 2005 49.25 28.88
Oct 2005 47.82 28.27
Sep 2005 51.51 30.39
Aug 2005 53.6 31.24
Jul 2005 54.76 31.76
Jun 2005 54.42 31.41
May 2005 56.98 32.87
Apr 2005 56.72 32.76
Mar 2005 50.88 29.19
Feb 2005 55.12 31.37
Jan 2005 53.32 30.18
Dec 2004 55.91 31.58
Nov 2004 52.34 29.67
Oct 2004 53.59 30.36
Sep 2004 58.91 33.2
Aug 2004 62.38 35.08
Jul 2004 62.32 35.03
Jun 2004 68.26 38.43
May 2004 72.16 40.5
Apr 2004 72.37 40.38
Mar 2004 65.81 36.6
Feb 2004 73.2 40.45
Jan 2004 67.4 37.05
Dec 2003 70.01 38.29
Nov 2003 68.41 37.46
Oct 2003 65.73 36.09
Sep 2003 58.54 32.18
Aug 2003 65.78 36.04
Jul 2003 65 35.48
Jun 2003 68.17 37.16
May 2003 59.14 32.21
Apr 2003 62.72 34.21
Mar 2003 56.04 30.64
Feb 2003 55.79 30.32
Jan 2003 59.55 32.11
Dec 2002 63.05 33.85
Nov 2002 67.67 36.41
Oct 2002 54.71 29.44
Sep 2002 54.64 29.35
Aug 2002 57.41 30.79
Jul 2002 57.66 30.82
Jun 2002 55.73 29.76
May 2002 63.97 34.13
Apr 2002 64.99 34.68
Mar 2002 75.4 40.01
Feb 2002 75.35 39.76
Jan 2002 74.72 39.27
Dec 2001 78.32 41.07
Nov 2001 82.11 43.23
Oct 2001 75.58 39.86
Sep 2001 79.46 42.05
Aug 2001 76.79 40.45
Jul 2001 78.14 41.16
Jun 2001 72.73 38.42
May 2001 83.38 43.98
Apr 2001 83.78 43.99
Mar 2001 75.86 39.67
Feb 2001 78.81 41.12
Jan 2001 78.2 40.64
Dec 2000 92.93 47.99
Nov 2000 93.51 48.32
Oct 2000 89 45.96
Sep 2000 80.92 41.72
Aug 2000 73.21 37.55
Jul 2000 103.8 53.24
Jun 2000 100.04 51.19
May 2000 76.65 39.01
Apr 2000 77.49 39.39
Mar 2000 62.96 31.99
Feb 2000 60.24 30.36
Jan 2000 67.9 34.02
Dec 1999 67.72 33.83
Nov 1999 73.5 36.71
Oct 1999 69.96 34.93
Sep 1999 65.32 32.55
Aug 1999 76.3 37.84
Jul 1999 67.08 33.19
Jun 1999 73.37 36.19
May 1999 73.17 36.09
Apr 1999 75.19 37.09
Mar 1999 87.3 42.75
Feb 1999 97.5 47.6
Jan 1999 96.52 47.07
Dec 1998 91.79 44.65
Nov 1998 92.57 45.06
Oct 1998 83.41 40.6
Sep 1998 80.84 39.25
Aug 1998 67.96 32.96
Jul 1998 69.38 33.61
Jun 1998 68.44 33.11
May 1998 63.48 30.67
Apr 1998 71.86 34.66
Mar 1998 61.71 29.71
Feb 1998 68.24 32.79
Jan 1998 70.03 33.59
Dec 1997 72.24 34.58
Nov 1997 65.28 31.29
Oct 1997 69.24 33.21
Sep 1997 62.62 29.96
Aug 1997 54.28 25.9
Jul 1997 58.53 27.88
Jun 1997 56.69 26.97
May 1997 48.29 22.95
Apr 1997 45.43 21.6
Mar 1997 42.57 20.22
Feb 1997 45.34 21.48
Jan 1997 45.17 21.33
Dec 1996 37.97 17.87
Nov 1996 39.79 18.73
Oct 1996 36.57 17.18
Sep 1996 33.56 15.72
Aug 1996 29.89 13.95
Jul 1996 29.12 13.57
Jun 1996 33.86 15.75
May 1996 33.49 15.57
Apr 1996 30.69 14.24
Mar 1996 33.87 15.65
Feb 1996 31.75 14.6
Jan 1996 29.92 13.71
Dec 1995 29.57 13.47
Nov 1995 26.14 11.92
Oct 1995 25.19 11.49
Sep 1995 23.51 10.69
Aug 1995 21.46 9.74
Jul 1995 20.39 9.23
Jun 1995 20.45 9.26
May 1995 19.48 8.8
Apr 1995 19.39 8.74
Mar 1995 19.03 8.55
Feb 1995 17.49 7.83
Jan 1995 17.27 7.7
Dec 1994 17.27 7.67
Nov 1994 16.48 7.32
Oct 1994 16.34 7.25
Sep 1994 15.26 6.77
Aug 1994 15.07 6.66
Jul 1994 12.91 5.69
Jun 1994 15.14 6.65
May 1994 15.29 6.69
Apr 1994 13.16 5.76
Mar 1994 13.35 5.83
Feb 1994 14.87 6.47
Jan 1994 16.13 7
Dec 1993 16.04 6.94
Nov 1993 15.5 6.71
Oct 1993 14.63 6.33
Sep 1993 13.58 5.85
Aug 1993 13.06 5.61
Jul 1993 12.72 5.45
Jun 1993 13.44 5.76
May 1993 13.93 5.96
Apr 1993 13.54 5.79
Mar 1993 13.37 5.7
Feb 1993 14.18 6.02
Jan 1993 15.61 6.61
Dec 1992 16.87 7.1
Nov 1992 17.34 7.31
Oct 1992 17.12 7.21
Sep 1992 17.46 7.32
Aug 1992 18.21 7.61
Jul 1992 19.8 8.26
Jun 1992 18.3 7.61
May 1992 18.61 7.72
Apr 1992 19.42 8.04
Mar 1992 20.08 8.3
Feb 1992 21.28 8.75
Jan 1992 22.5 9.22
Dec 1991 23.85 9.76
Nov 1991 21.01 8.59
Oct 1991 22.04 8.99
Sep 1991 22.9 9.32
Aug 1991 24.23 9.82
Jul 1991 22.09 8.93
Jun 1991 20.82 8.4
May 1991 23.1 9.3
Apr 1991 22.36 8.97
Mar 1991 22.84 9.15
Feb 1991 23.09 9.24
Jan 1991 22.83 9.12
Dec 1990 21.57 8.56
Nov 1990 21.71 8.62
Oct 1990 19.88 7.88
Sep 1990 21.23 8.36
Aug 1990 22.49 8.78
Jul 1990 25.15 9.73
Jun 1990 25.21 9.72
May 1990 23.86 9.15
Apr 1990 20.21 7.73
Mar 1990 19.78 7.56
Feb 1990 18.58 7.06
Jan 1990 19.52 7.38
Dec 1989 21.4 8.01
Nov 1989 20.97 7.83
Oct 1989 19.49 7.26
Sep 1989 19.66 7.29
Aug 1989 19.52 7.22
Jul 1989 20.19 7.45
Jun 1989 17.3 6.37
May 1989 17.62 6.47
Apr 1989 17.28 6.31
Mar 1989 16.57 6.01
Feb 1989 15.15 5.47
Jan 1989 15.27 5.49
Dec 1988 13.98 5
Nov 1988 14.43 5.15
Oct 1988 14.69 5.24
Sep 1988 14.47 5.14
Aug 1988 13.8 4.87
Jul 1988 13.92 4.9
Jun 1988 13.98 4.9
May 1988 13.39 4.67
Apr 1988 13.46 4.68
Mar 1988 14.2 4.91
Feb 1988 13.35 4.6
Jan 1988 13.02 4.47
Dec 1987 13.31 4.56
Nov 1987 11.44 3.92
Oct 1987 13.15 4.5
Sep 1987 16.49 5.63
Aug 1987 16.92 5.74
Jul 1987 16.62 5.61
Jun 1987 16.29 5.49
May 1987 15.33 5.14
Apr 1987 15.91 5.32
Mar 1987 16.08 5.35
Feb 1987 16.66 5.52
Jan 1987 15.32 5.06
Dec 1986 13.24 4.34
Nov 1986 13.4 4.39
Oct 1986 13.35 4.37
Sep 1986 11.69 3.82
Aug 1986 13.98 4.55
Jul 1986 13.54 4.4
Jun 1986 14.55 4.73
May 1986 13.7 4.43
Apr 1986 12.22 3.94
Mar 1986 13.49 4.36
Feb 1986 10.81 3.51
Jan 1986 9.8 3.19
Dec 1985 10.05 3.26
Nov 1985 9.37 3.03
Oct 1985 8.49 2.74
Sep 1985 7.87 2.53
Aug 1985 7.9 2.53
Jul 1985 7.75 2.48
Jun 1985 7.92 2.53
May 1985 7.85 2.5
Apr 1985 7.05 2.24
Mar 1985 7.2 2.27
Feb 1985 7.18 2.26
Jan 1985 6.66 2.09
Dec 1984 6.17 1.93
Nov 1984 5.93 1.85
Oct 1984 5.67 1.77
Sep 1984 5.3 1.65
Aug 1984 5.47 1.7
Jul 1984 5.19 1.6
Jun 1984 5.76 1.77
May 1984 5.52 1.7
Apr 1984 5.99 1.83
Mar 1984 6 1.83
Feb 1984 6.13 1.86
Jan 1984 6.04 1.83
Dec 1983 5.63 1.69
Nov 1983 6.01 1.8
Oct 1983 6.57 1.97
Sep 1983 6.08 1.82
Aug 1983 5.97 1.78
Jul 1983 6 1.78
Jun 1983 6.31 1.86
May 1983 6.55 1.93
Apr 1983 6.44 1.89
Mar 1983 6.16 1.79
Feb 1983 6.14 1.78
Jan 1983 6.32 1.83
Dec 1982 5.8 1.68
Nov 1982 6 1.75
Oct 1982 5.85 1.71
Sep 1982 5.21 1.51
Aug 1982 5.27 1.53
Jul 1982 5.53 1.6
Jun 1982 5.81 1.67
May 1982 6.19 1.76
Apr 1982 6.51 1.83
Mar 1982 5.93 1.66
Feb 1982 5.97 1.68
Jan 1982 5.97 1.67
Dec 1981 5.87 1.64
Nov 1981 5.61 1.56
Oct 1981 5.56 1.54
Sep 1981 5.05 1.4
Aug 1981 5.58 1.53
Jul 1981 5.9 1.6
Jun 1981 6.62 1.78
May 1981 7.09 1.89
Apr 1981 7.14 1.89
Mar 1981 7.15 1.88
Feb 1981 7.26 1.89
Jan 1981 6.92 1.79
Dec 1980 7.26 1.86
Nov 1980 6.91 1.75
Oct 1980 5.95 1.5
Sep 1980 6.01 1.5
Aug 1980 6.24 1.54
Jul 1980 6.48 1.59
Jun 1980 5.82 1.43
May 1980 6.07 1.47
Apr 1980 6.13 1.47
Mar 1980 6.19 1.47
Feb 1980 6.6 1.55
Jan 1980 7.2 1.66
Dec 1979 7.66 1.74
Nov 1979 7.83 1.76
Oct 1979 7.45 1.66
Sep 1979 7.72 1.71
Aug 1979 7.51 1.64
Jul 1979 7.58 1.64
Jun 1979 7.32 1.57
May 1979 7.28 1.55
Apr 1979 7.59 1.59
Mar 1979 7.53 1.56
Feb 1979 7.11 1.46
Jan 1979 7.12 1.44
Dec 1978 6.95 1.4
Nov 1978 6.37 1.28
Oct 1978 6.35 1.26
Sep 1978 7.16 1.41
Aug 1978 7.35 1.44
Jul 1978 7.74 1.51
Jun 1978 6.97 1.35
May 1978 6.85 1.31
Apr 1978 6.99 1.33
Mar 1978 6.31 1.19
Feb 1978 6.13 1.14
Jan 1978 6.32 1.17
Dec 1977 6.01 1.11
Nov 1977 6.01 1.1
Oct 1977 5.72 1.04
Sep 1977 5.41 0.99
Aug 1977 6.12 1.11
Jul 1977 5.73 1.04
Jun 1977 6.35 1.14
May 1977 5.94 1.06
Apr 1977 6.24 1.11
Mar 1977 7.01 1.24
Feb 1977 6.92 1.21
Jan 1977 7.24 1.26
Dec 1976 8.06 1.39
Nov 1976 7.62 1.31
Oct 1976 9.29 1.6
Sep 1976 9.45 1.61
Aug 1976 9.35 1.59
Jul 1976 9.08 1.54
Jun 1976 9.15 1.54
May 1976 8.59 1.44
Apr 1976 8.89 1.48
Mar 1976 9.6 1.59
Feb 1976 9.11 1.51
Jan 1976 10.16 1.68
Dec 1975 9.16 1.51
Nov 1975 10.24 1.68
Oct 1975 10 1.63
Sep 1975 9.18 1.49
Aug 1975 11.65 1.88
Jul 1975 12.36 1.99
Jun 1975 14.4 2.29
May 1975 14 2.21
Apr 1975 13.03 2.05
Mar 1975 13.08 2.05
Feb 1975 14.09 2.2
Jan 1975 12.24 1.89
Dec 1974 12.9 1.99
Nov 1974 13.39 2.05
Oct 1974 13.93 2.11
Sep 1974 10.95 1.64
Aug 1974 12.41 1.84
Jul 1974 13.26 1.94
Jun 1974 15.68 2.28
May 1974 15.22 2.2
Apr 1974 15.26 2.17
Mar 1974 14.53 2.06
Feb 1974 14.24 1.99
Jan 1974 15.11 2.09
Dec 1973 15.78 2.16
Nov 1973 16.58 2.26
Oct 1973 17.74 2.4
Sep 1973 17.43 2.34
Aug 1973 16.6 2.22
Jul 1973 19.65 2.58
Jun 1973 18.61 2.44
May 1973 19.41 2.53
Apr 1973 18.16 2.35
Mar 1973 19.5 2.51
Feb 1973 19.31 2.46
Jan 1973 16.88 2.13
Dec 1972 18.45 2.33
Nov 1972 17.62 2.22
Oct 1972 18.39 2.31
Sep 1972 16.9 2.11
Aug 1972 17.53 2.18
Jul 1972 17.54 2.18
Jun 1972 15.71 1.94

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 September 30, 2026, offering a clearer view of long-term, real investment performance.

Period Avg. Annual Return (Inflation-Adjusted) Avg. Annual Return (Nominal)
Last 1 year 47.11% 52.6%
Last 3 years 26.17% 30.04%
Last 5 years 33.66% 39.27%
Last 10 years 28.28% 32.63%
Last 20 years 16.42% 19.41%
Last 30 years 12.53% 15.41%
Last 40 years 12.17% 15.35%
Last 50 years 10.09% 14.05%

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
Oct 29, 2026
1,373.7
Highest
Oct 29, 2026
1,373.7
Highest, Inflation-Adjusted
Oct 29, 2026
1,373.7
Annualized return
Since Jun 2, 1972
12.85%
Annualized return, Inflation-Adjusted
Since Jun 2, 1972
8.6%

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Other Inflation-Adjusted Data