T-Mobile US (TMUS) Stock Inflation-Adjusted

T-Mobile US, Inc. (TMUS) is a leading provider of wireless voice and data services in the United States, known for its "Un-carrier" strategy that challenges traditional industry practices.

A stock's price alone doesn't show its real growth. This page adjusts T-Mobile's historical stock prices for inflation using the US Consumer Price Index to show its true performance. Use the charts and data below to compare the nominal price with its real value and understand its long-term growth.

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 T-Mobile stock is 226.02 (as of the close of Jul 15, 2025), 16.88% lower than the all-time high of 271.91 (Mar 3, 2025).

Since April 19, 2007, the inflation-adjusted total return for the stock has been 263.88%, which is equivalent to an annual growth rate of 7.34%.

In nominal values, the total return since this date has been 467.88%, or an annualized rate of 9.99%.

Inflation-Adjusted Values by Month

This data presents T-Mobile'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	226.02	226.02
Jun 2025	238.26	238.26
May 2025	243.03	242.2
Apr 2025	247.47	246.11
Mar 2025	268.1	265.81
Feb 2025	271.71	268.78
Jan 2025	234.97	231.41
Dec 2024	224.08	219.25
Nov 2024	250.78	245.29
Oct 2024	225.7	220.87
Sep 2024	208.95	204.24
Aug 2024	201.53	196.68
Jul 2024	184.41	179.83
Jun 2024	178.45	173.81
May 2024	177.27	172.61
Apr 2024	165.98	161.35
Mar 2024	165.67	160.41
Feb 2024	166.82	160.49
Jan 2024	165.07	157.83
Dec 2023	165.04	156.95
Nov 2023	154.72	147.28
Oct 2023	147	140.22
Sep 2023	143.05	136.5
Aug 2023	139.52	132.8
Jul 2023	141.69	134.28
Jun 2023	143.13	135.38
May 2023	141.88	133.77
Apr 2023	149.13	140.26
Mar 2023	150.87	141.17
Feb 2023	148.59	138.58
Jan 2023	156.91	145.53
Dec 2022	148.3	136.45
Nov 2022	159.95	147.62
Oct 2022	159.89	147.72
Sep 2022	142.12	130.77
Aug 2022	152.82	140.31
Jul 2022	151.81	139.44
Jun 2022	142.75	131.13
May 2022	143.37	129.91
Apr 2022	133.91	120.02
Mar 2022	140.35	125.1
Feb 2022	136.53	120.09
Jan 2022	120.96	105.43
Dec 2021	130.79	113.04
Nov 2021	123.08	106.05
Oct 2021	130.75	112.12
Sep 2021	146.43	124.52
Aug 2021	157.47	133.55
Jul 2021	165.85	140.37
Jun 2021	167.59	141.16
May 2021	165.2	137.87
Apr 2021	155.55	128.78
Mar 2021	148.71	122.12
Feb 2021	143.41	116.93
Jan 2021	151.53	122.89
Dec 2020	162.76	131.44
Nov 2020	160.61	129.57
Oct 2020	132.29	106.8
Sep 2020	138.14	111.46
Aug 2020	141.13	113.73
Jul 2020	130.29	104.66
Jun 2020	127.01	101.51
May 2020	122.67	97.51
Apr 2020	107.66	85.58
Mar 2020	102.19	81.78
Feb 2020	109.58	87.88
Jan 2020	96.51	77.18
Dec 2019	95.94	76.43
Nov 2019	96.01	76.56
Oct 2019	100.98	80.57
Sep 2019	96.45	76.78
Aug 2019	95.64	76.07
Jul 2019	97.7	77.71
Jun 2019	91	72.26
May 2019	90.16	71.58
Apr 2019	89.8	71.14
Mar 2019	85.46	67.35
Feb 2019	89.81	70.38
Jan 2019	86.96	67.86
Dec 2018	79.6	62
Nov 2018	85.38	66.72
Oct 2018	85.22	66.81
Sep 2018	87.4	68.4
Aug 2018	82.34	64.37
Jul 2018	74.85	58.48
Jun 2018	74.55	58.24
May 2018	69.6	54.29
Apr 2018	75.93	58.98
Mar 2018	76.9	59.49
Feb 2018	76.53	59.08
Jan 2018	82.57	63.45
Dec 2017	80.99	61.9
Nov 2017	77.84	59.52
Oct 2017	76.18	58.26
Sep 2017	78.54	60.1
Aug 2017	82.86	63.07
Jul 2017	79.19	60.1
Jun 2017	77.8	59.08
May 2017	86.61	65.71
Apr 2017	86.49	65.57
Mar 2017	83.29	62.95
Feb 2017	80.7	60.95
Jan 2017	80.62	60.69
Dec 2016	74.89	56.05
Nov 2016	70.62	52.84
Oct 2016	64.68	48.47
Sep 2016	60.84	45.54
Aug 2016	60.49	45.17
Jul 2016	60.55	45.17
Jun 2016	56.44	42.17
May 2016	55.96	41.68
Apr 2016	51.61	38.29
Mar 2016	50.57	37.33
Feb 2016	49.19	36.16
Jan 2016	53.28	39.13
Dec 2015	52	38.13
Nov 2015	47.03	34.6
Oct 2015	50.09	36.93
Sep 2015	52.6	38.8
Aug 2015	52.25	38.61
Jul 2015	53.56	39.63
Jun 2015	51.08	37.79
May 2015	51.4	37.9
Apr 2015	45.23	33.18
Mar 2015	42.2	30.89
Feb 2015	44.24	32.19
Jan 2015	40.6	29.42
Dec 2014	36.07	26.26
Nov 2014	38.86	28.45
Oct 2014	38.65	28.45
Sep 2014	38.13	28.14
Aug 2014	39.76	29.32
Jul 2014	43.47	32.11
Jun 2014	44.35	32.77
May 2014	45.37	33.46
Apr 2014	38.84	28.55
Mar 2014	43.95	32.19
Feb 2014	40.84	29.73
Jan 2014	41.09	29.8
Dec 2013	45.38	32.79
Nov 2013	35.09	25.35
Oct 2013	37.33	27.03
Sep 2013	34.87	25.31
Aug 2013	31.39	22.76
Jul 2013	32.45	23.5
Jun 2013	33.4	24.18
May 2013	28.92	20.89
Apr 2013	23.86	17.2
Mar 2013	21.94	15.83
Feb 2013	19.78	14.24
Jan 2013	20.41	14.57
Dec 2012	20.28	14.44
Nov 2012	21.68	15.47
Oct 2012	20.68	14.83
Sep 2012	23.71	17.01
Aug 2012	19.79	14.13
Jul 2012	17.92	12.72
Jun 2012	12.35	8.79
May 2012	13.05	9.3
Apr 2012	14.87	10.6
Mar 2012	18.42	13.1
Feb 2012	21.2	14.96
Jan 2012	18.27	12.84
Dec 2011	18.02	12.61
Nov 2011	17.36	12.17
Oct 2011	17.59	12.35
Sep 2011	17.99	12.65
Aug 2011	23.08	16.21
Jul 2011	33.76	23.65
Jun 2011	35.72	25
May 2011	37.12	26
Apr 2011	35.06	24.45
Mar 2011	34.05	23.59
Feb 2011	30.49	20.92
Jan 2011	27.51	18.78
Dec 2010	27	18.35
Nov 2010	26.02	17.65
Oct 2010	22.28	15.11
Sep 2010	22.44	15.19
Aug 2010	19.19	12.99
Jul 2010	19.24	13
Jun 2010	17.61	11.9
May 2010	19.31	13.06
Apr 2010	16.4	11.08
Mar 2010	15.24	10.28
Feb 2010	13.34	8.96
Jan 2010	12.17	8.18
Dec 2009	16.55	11.08
Nov 2009	13.65	9.15
Oct 2009	13.5	9.05
Sep 2009	20.31	13.6
Aug 2009	17.28	11.56
Jul 2009	25.78	17.21
Jun 2009	28.91	19.33
May 2009	37.53	24.88
Apr 2009	37.55	24.82
Mar 2009	37.62	24.81
Feb 2009	32.02	21.06
Jan 2009	30.16	19.74
Dec 2008	33.1	21.57
Nov 2008	32.29	21.27
Oct 2008	29.73	19.96
Sep 2008	29.96	20.32
Aug 2008	36.08	24.51
Jul 2008	35.42	24.16
Jun 2008	37.92	25.73
May 2008	45.94	30.85
Apr 2008	42.84	28.53
Mar 2008	37.3	24.69
Feb 2008	35.3	23.17
Jan 2008	40.36	26.41
Dec 2007	43.39	28.25
Nov 2007	38.12	24.84
Oct 2007	50.46	32.68
Sep 2007	61.31	39.63
Aug 2007	61.5	39.64
Jul 2007	82.37	53.19
Jun 2007	74.3	47.99
May 2007	80.35	51.8
Apr 2007	63.59	40.75

Returns from Investing in T-Mobile stock

How much did an investment in T-Mobile 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 T-Mobile 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 2018.

Year	Inflation-Adjusted Return	Nominal Return
2024	35.77%	39.7%
2023	11.29%	15.02%
2022	13.39%	20.71%
2021	-19.65%	-13.99%
2020	69.65%	71.96%
2019	20.53%	23.28%
2018	-1.72%	0.16%
2017	8.15%	10.43%
2016	44.02%	47.01%
2015	44.16%	45.21%
2014	-20.52%	-19.92%
2013	123.72%	127.08%
2012	12.56%	14.52%
2011	-33.25%	-31.27%
2010	63.09%	65.53%
2009	-49.98%	-48.62%
2008	-23.72%	-23.65%

T-Mobile 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 T-Mobile 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	33.52%	37.08%
Last 3 years	18.62%	22.02%
Last 5 years	13.41%	18.61%
Last 10 years	16.65%	20.22%

Real Returns of Investing in the T-Mobile

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 T-Mobile five years ago yielded an 171.13% nominal gain, but the real return (the actual increase in buying power) was 117.43%.

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	$271.13	171.13%	117.43%
Last 10 years Feb 2015 - Jun 2025	$740.09	640.09%	438.55%

Inflation and T-Mobile's Business

T-Mobile's business is moderately exposed to inflation, which primarily affects its network infrastructure costs and consumer spending habits.

Network Expansion Costs: Building and upgrading its 5G network requires significant capital investment in equipment and infrastructure, the costs of which can rise with inflation.
Lease Obligations: The company has extensive long-term lease agreements for cell towers and retail locations, which may have inflation-linked price escalation clauses.
Labor Expenses: Wage inflation for retail, technical and corporate staff increases operational costs.
Consumer Spending: During periods of high inflation, consumers may cut back on discretionary spending, potentially slowing subscriber growth or leading them to choose lower-cost plans.

T-Mobile mitigates these impacts through long-term supplier contracts to lock in prices, operational efficiencies from its merger with Sprint and by offering a range of competitive service plans to attract and retain customers across different budget levels.

About T-Mobile

T-Mobile US, Inc. is a major wireless network operator in the United States.

The company provides wireless voice, messaging and data services to millions of customers through its flagship T-Mobile and Metro by T-Mobile brands. It is widely recognized for its "Un-carrier" initiatives, which have driven significant competition in the wireless industry.

Following its acquisition of Sprint Corporation, T-Mobile has expanded its 5G network leadership. Headquartered in Bellevue, Washington, T-Mobile is a component of the S&P 500 and Nasdaq-100 indices.

Last Close Jul 15, 2025	226.02
Highest Mar 3, 2025	271.91
Highest, Inflation-Adjusted Mar 3, 2025	274.25
Annualized return Since Apr 19, 2007	9.99%
Annualized return, Inflation-Adjusted Since Apr 19, 2007	7.34%