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 March 2026 as the baseline (latest available CPI).

The current value of T-Mobile stock is 196.06 (as of the close of May 1, 2026), 26.98% lower than the all-time high of 268.49 (Mar 3, 2025).

Since April 19, 2007, the inflation-adjusted total return for the stock has been 212.25%, which is equivalent to an annual growth rate of 6.16%.

In nominal values, the total return since this date has been 398.86%, or an annualized rate of 8.81%.

Inflation-Adjusted Values by Month

This data presents T-Mobile's end-of-month closing levels over time. Inflation-adjusted values express older levels in terms of roughly today's purchasing power using the latest CPI data, the same present-value method used by the US Inflation Calculator to compare dollar amounts across different years. The most recent entry will remain the same in both columns until the next CPI figures are published.

Date	Inflation-Adjusted	Nominal value
May 2026	196.06	196.06
Apr 2026	195.5	195.5
Mar 2026	210.03	210.03
Feb 2026	219.37	217.09
Jan 2026	199.29	196.3
Dec 2025	205.94	202.1
Nov 2025	211.95	208.04
Oct 2025	208.18	208.18
Sep 2025	241.21	237.25
Aug 2025	254.56	249.75
Jul 2025	240.64	235.42
Jun 2025	240.85	235.27
May 2025	245.67	239.16
Apr 2025	250.16	243.02
Mar 2025	271.02	262.47
Feb 2025	274.66	265.4
Jan 2025	237.53	228.51
Dec 2024	226.52	216.5
Nov 2024	253.51	242.21
Oct 2024	228.15	218.1
Sep 2024	211.22	201.68
Aug 2024	203.73	194.21
Jul 2024	186.42	177.57
Jun 2024	180.39	171.63
May 2024	179.2	170.44
Apr 2024	167.79	159.32
Mar 2024	167.47	158.4
Feb 2024	168.63	158.48
Jan 2024	166.86	155.85
Dec 2023	166.84	154.98
Nov 2023	156.4	145.43
Oct 2023	148.6	138.46
Sep 2023	144.61	134.79
Aug 2023	141.04	131.13
Jul 2023	143.23	132.6
Jun 2023	144.68	133.68
May 2023	143.43	132.1
Apr 2023	150.75	138.5
Mar 2023	152.51	139.4
Feb 2023	150.2	136.84
Jan 2023	158.61	143.7
Dec 2022	149.91	134.74
Nov 2022	161.69	145.77
Oct 2022	161.63	145.87
Sep 2022	143.66	129.13
Aug 2022	154.48	138.55
Jul 2022	153.46	137.69
Jun 2022	144.3	129.49
May 2022	144.93	128.28
Apr 2022	135.37	118.52
Mar 2022	141.88	123.53
Feb 2022	138.02	118.58
Jan 2022	122.28	104.11
Dec 2021	132.21	111.62
Nov 2021	124.42	104.72
Oct 2021	132.17	110.71
Sep 2021	148.02	122.96
Aug 2021	159.18	131.87
Jul 2021	167.66	138.61
Jun 2021	169.41	139.39
May 2021	167	136.14
Apr 2021	157.24	127.17
Mar 2021	150.33	120.58
Feb 2021	144.97	115.46
Jan 2021	153.18	121.35
Dec 2020	164.53	129.79
Nov 2020	162.36	127.95
Oct 2020	133.73	105.46
Sep 2020	139.64	110.07
Aug 2020	142.67	112.3
Jul 2020	131.71	103.35
Jun 2020	128.4	100.24
May 2020	124	96.28
Apr 2020	108.83	84.5
Mar 2020	103.3	80.75
Feb 2020	110.77	86.77
Jan 2020	97.56	76.22
Dec 2019	96.99	75.47
Nov 2019	97.06	75.6
Oct 2019	102.08	79.56
Sep 2019	97.5	75.81
Aug 2019	96.68	75.12
Jul 2019	98.76	76.74
Jun 2019	91.99	71.36
May 2019	91.14	70.68
Apr 2019	90.77	70.25
Mar 2019	86.39	66.5
Feb 2019	90.79	69.5
Jan 2019	87.9	67.01
Dec 2018	80.47	61.22
Nov 2018	86.31	65.88
Oct 2018	86.15	65.98
Sep 2018	88.35	67.54
Aug 2018	83.24	63.56
Jul 2018	75.67	57.75
Jun 2018	75.36	57.51
May 2018	70.36	53.61
Apr 2018	76.76	58.24
Mar 2018	77.74	58.75
Feb 2018	77.36	58.33
Jan 2018	83.47	62.66
Dec 2017	81.88	61.12
Nov 2017	78.68	58.78
Oct 2017	77.01	57.53
Sep 2017	79.4	59.34
Aug 2017	83.76	62.28
Jul 2017	80.05	59.34
Jun 2017	78.65	58.34
May 2017	87.55	64.89
Apr 2017	87.43	64.74
Mar 2017	84.2	62.16
Feb 2017	81.58	60.18
Jan 2017	81.49	59.93
Dec 2016	75.7	55.35
Nov 2016	71.38	52.17
Oct 2016	65.38	47.86
Sep 2016	61.5	44.97
Aug 2016	61.15	44.6
Jul 2016	61.2	44.6
Jun 2016	57.06	41.64
May 2016	56.57	41.15
Apr 2016	52.18	37.8
Mar 2016	51.12	36.86
Feb 2016	49.73	35.71
Jan 2016	53.86	38.64
Dec 2015	52.56	37.65
Nov 2015	47.54	34.17
Oct 2015	50.63	36.47
Sep 2015	53.17	38.31
Aug 2015	52.82	38.12
Jul 2015	54.15	39.13
Jun 2015	51.63	37.31
May 2015	51.96	37.42
Apr 2015	45.72	32.76
Mar 2015	42.65	30.5
Feb 2015	44.72	31.79
Jan 2015	41.04	29.05
Dec 2014	36.46	25.93
Nov 2014	39.28	28.09
Oct 2014	39.07	28.09
Sep 2014	38.55	27.79
Aug 2014	40.19	28.95
Jul 2014	43.94	31.7
Jun 2014	44.83	32.36
May 2014	45.86	33.04
Apr 2014	39.27	28.19
Mar 2014	44.43	31.79
Feb 2014	41.29	29.35
Jan 2014	41.53	29.42
Dec 2013	45.88	32.38
Nov 2013	35.47	25.03
Oct 2013	37.74	26.69
Sep 2013	35.25	24.99
Aug 2013	31.73	22.47
Jul 2013	32.8	23.2
Jun 2013	33.77	23.88
May 2013	29.24	20.63
Apr 2013	24.12	16.98
Mar 2013	22.18	15.63
Feb 2013	19.99	14.06
Jan 2013	20.63	14.39
Dec 2012	20.51	14.26
Nov 2012	21.91	15.28
Oct 2012	20.91	14.64
Sep 2012	23.97	16.8
Aug 2012	20	13.96
Jul 2012	18.11	12.56
Jun 2012	12.49	8.68
May 2012	13.19	9.18
Apr 2012	15.03	10.47
Mar 2012	18.62	12.94
Feb 2012	21.43	14.77
Jan 2012	18.47	12.68
Dec 2011	18.22	12.45
Nov 2011	17.54	12.02
Oct 2011	17.78	12.19
Sep 2011	18.18	12.49
Aug 2011	23.33	16.01
Jul 2011	34.13	23.35
Jun 2011	36.11	24.69
May 2011	37.52	25.68
Apr 2011	35.44	24.14
Mar 2011	34.42	23.29
Feb 2011	30.82	20.65
Jan 2011	27.81	18.55
Dec 2010	27.29	18.12
Nov 2010	26.3	17.43
Oct 2010	22.52	14.92
Sep 2010	22.68	15
Aug 2010	19.4	12.82
Jul 2010	19.44	12.84
Jun 2010	17.8	11.75
May 2010	19.52	12.89
Apr 2010	16.58	10.94
Mar 2010	15.41	10.16
Feb 2010	13.48	8.85
Jan 2010	12.31	8.08
Dec 2009	16.74	10.94
Nov 2009	13.79	9.04
Oct 2009	13.65	8.94
Sep 2009	20.53	13.43
Aug 2009	17.47	11.42
Jul 2009	26.06	17
Jun 2009	29.23	19.09
May 2009	37.94	24.57
Apr 2009	37.96	24.51
Mar 2009	38.03	24.5
Feb 2009	32.37	20.8
Jan 2009	30.49	19.49
Dec 2008	33.46	21.3
Nov 2008	32.64	21
Oct 2008	30.05	19.71
Sep 2008	30.29	20.07
Aug 2008	36.47	24.2
Jul 2008	35.81	23.85
Jun 2008	38.33	25.4
May 2008	46.44	30.47
Apr 2008	43.3	28.17
Mar 2008	37.71	24.38
Feb 2008	35.69	22.88
Jan 2008	40.79	26.08
Dec 2007	43.86	27.9
Nov 2007	38.54	24.53
Oct 2007	51.01	32.27
Sep 2007	61.97	39.13
Aug 2007	62.17	39.14
Jul 2007	83.27	52.53
Jun 2007	75.11	47.39
May 2007	81.22	51.15
Apr 2007	64.28	40.23

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 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	-22.5%	-19.98%
Last 3 years	11.26%	14.64%
Last 5 years	6.92%	11.74%
Last 10 years	15.18%	19.01%

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 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 T-Mobile five years ago yielded an 105.48% nominal gain, but the real return (the actual increase in buying power) was 66.39%.

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	$205.48	105.48%	66.39%
Last 10 years Feb 2016 - Sep 2025	$664.45	564.45%	385.06%

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 May 1, 2026	196.06
Highest Mar 3, 2025	268.49
Highest, Inflation-Adjusted Mar 3, 2025	277.24
Annualized return Since Apr 19, 2007	8.81%
Annualized return, Inflation-Adjusted Since Apr 19, 2007	6.16%