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 May 2026 as the baseline (latest available CPI).

The current value of T-Mobile stock is 184.36 (as of the close of Jun 16, 2026), 31% lower than the all-time high of 267.2 (Mar 3, 2025).

Since April 19, 2007, the inflation-adjusted total return for the stock has been 190.71%, which is equivalent to an annual growth rate of 5.73%.

In nominal values, the total return since this date has been 371.35%, or an annualized rate of 8.43%.

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
Jun 2026	184.36	184.36
May 2026	187.53	187.53
Apr 2026	195.79	194.56
Mar 2026	212.13	209.02
Feb 2026	221.56	216.05
Jan 2026	201.28	195.36
Dec 2025	208	201.13
Nov 2025	214.07	207.05
Oct 2025	207.19	207.19
Sep 2025	243.62	236.12
Aug 2025	257.11	248.55
Jul 2025	243.05	234.29
Jun 2025	243.26	234.14
May 2025	248.13	238.01
Apr 2025	252.66	241.86
Mar 2025	273.73	261.21
Feb 2025	277.41	264.13
Jan 2025	239.9	227.41
Dec 2024	228.79	215.46
Nov 2024	256.04	241.05
Oct 2024	230.43	217.05
Sep 2024	213.33	200.71
Aug 2024	205.76	193.28
Jul 2024	188.28	176.72
Jun 2024	182.19	170.8
May 2024	180.99	169.62
Apr 2024	169.47	158.56
Mar 2024	169.14	157.64
Feb 2024	170.32	157.72
Jan 2024	168.53	155.1
Dec 2023	168.5	154.24
Nov 2023	157.96	144.73
Oct 2023	150.09	137.79
Sep 2023	146.06	134.14
Aug 2023	142.45	130.5
Jul 2023	144.67	131.96
Jun 2023	146.13	133.04
May 2023	144.86	131.46
Apr 2023	152.26	137.83
Mar 2023	154.03	138.73
Feb 2023	151.7	136.18
Jan 2023	160.2	143.01
Dec 2022	151.41	134.1
Nov 2022	163.3	145.07
Oct 2022	163.25	145.17
Sep 2022	145.1	128.51
Aug 2022	156.02	137.89
Jul 2022	154.99	137.03
Jun 2022	145.75	128.87
May 2022	146.37	127.67
Apr 2022	136.72	117.95
Mar 2022	143.3	122.94
Feb 2022	139.4	118.01
Jan 2022	123.5	103.61
Dec 2021	133.53	111.09
Nov 2021	125.66	104.22
Oct 2021	133.5	110.18
Sep 2021	149.5	122.37
Aug 2021	160.77	131.24
Jul 2021	169.34	137.95
Jun 2021	171.11	138.72
May 2021	168.67	135.48
Apr 2021	158.82	126.56
Mar 2021	151.83	120.01
Feb 2021	146.41	114.91
Jan 2021	154.71	120.76
Dec 2020	166.18	129.16
Nov 2020	163.98	127.33
Oct 2020	135.07	104.95
Sep 2020	141.03	109.54
Aug 2020	144.1	111.76
Jul 2020	133.03	102.85
Jun 2020	129.68	99.76
May 2020	125.24	95.82
Apr 2020	109.92	84.1
Mar 2020	104.34	80.36
Feb 2020	111.88	86.36
Jan 2020	98.54	75.85
Dec 2019	97.96	75.11
Nov 2019	98.03	75.24
Oct 2019	103.1	79.17
Sep 2019	98.48	75.45
Aug 2019	97.65	74.76
Jul 2019	99.75	76.37
Jun 2019	92.91	71.01
May 2019	92.05	70.34
Apr 2019	91.68	69.91
Mar 2019	87.26	66.19
Feb 2019	91.7	69.16
Jan 2019	88.78	66.68
Dec 2018	81.27	60.93
Nov 2018	87.18	65.56
Oct 2018	87.01	65.66
Sep 2018	89.24	67.22
Aug 2018	84.07	63.25
Jul 2018	76.42	57.47
Jun 2018	76.11	57.23
May 2018	71.07	53.35
Apr 2018	77.52	57.96
Mar 2018	78.51	58.47
Feb 2018	78.14	58.05
Jan 2018	84.31	62.35
Dec 2017	82.69	60.83
Nov 2017	79.47	58.49
Oct 2017	77.78	57.25
Sep 2017	80.19	59.06
Aug 2017	84.6	61.98
Jul 2017	80.86	59.06
Jun 2017	79.44	58.06
May 2017	88.43	64.58
Apr 2017	88.31	64.43
Mar 2017	85.04	61.87
Feb 2017	82.39	59.89
Jan 2017	82.31	59.64
Dec 2016	76.46	55.08
Nov 2016	72.1	51.92
Oct 2016	66.04	47.63
Sep 2016	62.12	44.75
Aug 2016	61.76	44.39
Jul 2016	61.82	44.39
Jun 2016	57.63	41.45
May 2016	57.14	40.96
Apr 2016	52.7	37.62
Mar 2016	51.63	36.68
Feb 2016	50.22	35.54
Jan 2016	54.4	38.46
Dec 2015	53.09	37.47
Nov 2015	48.01	34
Oct 2015	51.14	36.29
Sep 2015	53.7	38.13
Aug 2015	53.35	37.94
Jul 2015	54.69	38.95
Jun 2015	52.15	37.13
May 2015	52.48	37.24
Apr 2015	46.18	32.6
Mar 2015	43.08	30.35
Feb 2015	45.17	31.64
Jan 2015	41.45	28.91
Dec 2014	36.83	25.8
Nov 2014	39.68	27.96
Oct 2014	39.46	27.96
Sep 2014	38.93	27.65
Aug 2014	40.59	28.81
Jul 2014	44.38	31.55
Jun 2014	45.28	32.2
May 2014	46.32	32.88
Apr 2014	39.66	28.05
Mar 2014	44.87	31.64
Feb 2014	41.7	29.21
Jan 2014	41.95	29.28
Dec 2013	46.33	32.22
Nov 2013	35.82	24.91
Oct 2013	38.11	26.56
Sep 2013	35.6	24.87
Aug 2013	32.05	22.37
Jul 2013	33.13	23.09
Jun 2013	34.11	23.76
May 2013	29.53	20.53
Apr 2013	24.36	16.9
Mar 2013	22.4	15.56
Feb 2013	20.19	13.99
Jan 2013	20.84	14.32
Dec 2012	20.71	14.19
Nov 2012	22.13	15.2
Oct 2012	21.12	14.57
Sep 2012	24.21	16.72
Aug 2012	20.2	13.89
Jul 2012	18.29	12.5
Jun 2012	12.61	8.64
May 2012	13.32	9.14
Apr 2012	15.18	10.42
Mar 2012	18.81	12.88
Feb 2012	21.64	14.7
Jan 2012	18.66	12.62
Dec 2011	18.4	12.39
Nov 2011	17.72	11.96
Oct 2011	17.96	12.13
Sep 2011	18.36	12.43
Aug 2011	23.57	15.93
Jul 2011	34.47	23.24
Jun 2011	36.47	24.57
May 2011	37.9	25.55
Apr 2011	35.8	24.02
Mar 2011	34.77	23.18
Feb 2011	31.13	20.56
Jan 2011	28.09	18.46
Dec 2010	27.57	18.03
Nov 2010	26.56	17.34
Oct 2010	22.75	14.85
Sep 2010	22.91	14.93
Aug 2010	19.59	12.76
Jul 2010	19.64	12.78
Jun 2010	17.98	11.69
May 2010	19.71	12.83
Apr 2010	16.74	10.89
Mar 2010	15.56	10.11
Feb 2010	13.62	8.81
Jan 2010	12.43	8.04
Dec 2009	16.9	10.89
Nov 2009	13.93	8.99
Oct 2009	13.79	8.89
Sep 2009	20.73	13.36
Aug 2009	17.64	11.36
Jul 2009	26.32	16.92
Jun 2009	29.52	19
May 2009	38.32	24.45
Apr 2009	38.34	24.4
Mar 2009	38.41	24.38
Feb 2009	32.69	20.7
Jan 2009	30.79	19.4
Dec 2008	33.79	21.2
Nov 2008	32.97	20.9
Oct 2008	30.35	19.61
Sep 2008	30.59	19.97
Aug 2008	36.84	24.08
Jul 2008	36.17	23.74
Jun 2008	38.72	25.28
May 2008	46.9	30.32
Apr 2008	43.74	28.04
Mar 2008	38.09	24.27
Feb 2008	36.04	22.77
Jan 2008	41.2	25.95
Dec 2007	44.3	27.76
Nov 2007	38.92	24.41
Oct 2007	51.52	32.12
Sep 2007	62.59	38.94
Aug 2007	62.79	38.96
Jul 2007	84.1	52.27
Jun 2007	75.86	47.16
May 2007	82.03	50.9
Apr 2007	64.92	40.04

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 May 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	-24.42%	-21.21%
Last 3 years	8.99%	12.57%
Last 5 years	2.14%	6.72%
Last 10 years	12.62%	16.43%

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 Jun 16, 2026	184.36
Highest Mar 3, 2025	267.2
Highest, Inflation-Adjusted Mar 3, 2025	280.01
Annualized return Since Apr 19, 2007	8.43%
Annualized return, Inflation-Adjusted Since Apr 19, 2007	5.73%