Walmart (WMT) Stock Inflation-Adjusted

Walmart Inc. (WMT) is a multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores.

A stock's nominal price movements can be misleading over long periods. As the cost of living rises, the purchasing power of each dollar falls, impacting an investment’s real return. This page provides essential context by adjusting Walmart’s historical stock prices for inflation with the US Consumer Price Index. By comparing the nominal price to its inflation-adjusted value, you can more accurately assess the real growth of an investment in Walmart over time.

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 Walmart stock is 95.39 (as of the close of Jul 15, 2025), 8.71% lower than the all-time high of 104.49 (Feb 13, 2025).

Since August 25, 1972, the inflation-adjusted total return for the stock has been 92,761%, which is equivalent to an annual growth rate of 13.79%.

In nominal values, the total return since this date has been 713,078%, or an annualized rate of 18.27%.

Inflation-Adjusted Values by Month

This data presents WMT'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 95.39 95.39
Jun 2025 97.78 97.78
May 2025 99.06 98.72
Apr 2025 97.52 96.99
Mar 2025 88.31 87.55
Feb 2025 99.15 98.08
Jan 2025 99.14 97.63
Dec 2024 91.85 89.87
Nov 2024 93.86 91.8
Oct 2024 83.11 81.33
Sep 2024 81.99 80.14
Aug 2024 78.54 76.65
Jul 2024 69.66 67.93
Jun 2024 68.8 67.01
May 2024 66.84 65.08
Apr 2024 60.22 58.53
Mar 2024 61.29 59.34
Feb 2024 59.88 57.61
Jan 2024 56.63 54.14
Dec 2023 54.32 51.65
Nov 2023 53.39 50.82
Oct 2023 55.92 53.34
Sep 2023 54.71 52.21
Aug 2023 55.77 53.08
Jul 2023 54.87 52
Jun 2023 54.05 51.13
May 2023 50.67 47.77
Apr 2023 52.02 48.92
Mar 2023 51.06 47.78
Feb 2023 49.18 45.87
Jan 2023 50.06 46.43
Dec 2022 49.73 45.76
Nov 2022 53.1 49.01
Oct 2022 49.53 45.76
Sep 2022 45.32 41.7
Aug 2022 46.42 42.62
Jul 2022 46.03 42.27
Jun 2022 42.37 38.92
May 2022 45.44 41.18
Apr 2022 54.45 48.8
Mar 2022 53.3 47.5
Feb 2022 48.83 42.95
Jan 2022 50.97 44.43
Dec 2021 53.19 45.98
Nov 2021 51.65 44.51
Oct 2021 55.15 47.29
Sep 2021 51.87 44.11
Aug 2021 55.27 46.87
Jul 2021 53.11 44.95
Jun 2021 52.79 44.47
May 2021 53.67 44.79
Apr 2021 53.08 43.95
Mar 2021 51.96 42.67
Feb 2021 49.84 40.64
Jan 2021 54.19 43.95
Dec 2020 55.84 45.09
Nov 2020 59.03 47.62
Oct 2020 53.57 43.24
Sep 2020 54.04 43.61
Aug 2020 53.71 43.28
Jul 2020 50 40.17
Jun 2020 46.52 37.18
May 2020 48.45 38.51
Apr 2020 47.26 37.57
Mar 2020 43.88 35.11
Feb 2020 41.31 33.13
Jan 2020 44.05 35.23
Dec 2019 45.9 36.57
Nov 2019 45.75 36.48
Oct 2019 45.02 35.92
Sep 2019 45.67 36.35
Aug 2019 44.01 35
Jul 2019 42.3 33.65
Jun 2019 42.41 33.68
May 2019 38.95 30.92
Apr 2019 39.36 31.18
Mar 2019 37.53 29.57
Feb 2019 38.1 29.86
Jan 2019 37.04 28.9
Dec 2018 36.07 28.1
Nov 2018 37.49 29.29
Oct 2018 38.37 30.08
Sep 2018 36 28.17
Aug 2018 36.79 28.76
Jul 2018 34.07 26.61
Jun 2018 32.7 25.55
May 2018 31.56 24.62
Apr 2018 33.76 26.22
Mar 2018 34.09 26.37
Feb 2018 34.36 26.52
Jan 2018 40.88 31.41
Dec 2017 38.07 29.1
Nov 2017 37.27 28.5
Oct 2017 33.47 25.59
Sep 2017 29.93 22.9
Aug 2017 30.07 22.88
Jul 2017 30.71 23.3
Jun 2017 29.03 22.05
May 2017 30.18 22.9
Apr 2017 28.7 21.76
Mar 2017 27.6 20.86
Feb 2017 26.98 20.38
Jan 2017 25.47 19.17
Dec 2016 26.53 19.86
Nov 2016 26.85 20.09
Oct 2016 26.65 19.97
Sep 2016 27.49 20.57
Aug 2016 27.29 20.38
Jul 2016 27.71 20.67
Jun 2016 27.69 20.69
May 2016 26.93 20.05
Apr 2016 25.36 18.81
Mar 2016 26.1 19.27
Feb 2016 25.2 18.52
Jan 2016 25.23 18.53
Dec 2015 23.34 17.12
Nov 2015 22.15 16.29
Oct 2015 21.5 15.85
Sep 2015 24.34 17.96
Aug 2015 24.26 17.93
Jul 2015 26.76 19.8
Jun 2015 26.37 19.51
May 2015 27.71 20.43
Apr 2015 29.09 21.34
Mar 2015 30.71 22.48
Feb 2015 31.34 22.81
Jan 2015 31.87 23.09
Dec 2014 32.06 23.34
Nov 2014 32.31 23.66
Oct 2014 28 20.61
Sep 2014 28 20.66
Aug 2014 27.67 20.4
Jul 2014 26.74 19.75
Jun 2014 27.28 20.15
May 2014 27.95 20.61
Apr 2014 28.94 21.27
Mar 2014 27.84 20.39
Feb 2014 27.21 19.81
Jan 2014 27.3 19.8
Dec 2013 28.88 20.86
Nov 2013 29.55 21.35
Oct 2013 27.94 20.23
Sep 2013 26.86 19.5
Aug 2013 26.53 19.24
Jul 2013 28.2 20.42
Jun 2013 26.96 19.52
May 2013 27.15 19.61
Apr 2013 28.08 20.24
Mar 2013 27.01 19.49
Feb 2013 25.45 18.32
Jan 2013 25.36 18.1
Dec 2012 24.81 17.66
Nov 2012 25.97 18.54
Oct 2012 26.93 19.31
Sep 2012 26.48 19
Aug 2012 26.16 18.69
Jul 2012 26.83 19.06
Jun 2012 25.09 17.85
May 2012 23.65 16.85
Apr 2012 21 14.98
Mar 2012 21.88 15.56
Feb 2012 21.15 14.93
Jan 2012 22.06 15.5
Dec 2011 21.58 15.1
Nov 2011 21.09 14.79
Oct 2011 20.29 14.24
Sep 2011 18.53 13.03
Aug 2011 19.01 13.35
Jul 2011 18.76 13.14
Jun 2011 18.93 13.25
May 2011 19.65 13.77
Apr 2011 19.53 13.62
Mar 2011 18.61 12.89
Feb 2011 18.63 12.78
Jan 2011 20.2 13.79
Dec 2010 19.52 13.26
Nov 2010 19.5 13.23
Oct 2010 19.54 13.25
Sep 2010 19.33 13.09
Aug 2010 18.12 12.26
Jul 2010 18.42 12.45
Jun 2010 17.3 11.69
May 2010 18.18 12.3
Apr 2010 19.19 12.97
Mar 2010 19.93 13.44
Feb 2010 19.35 13
Jan 2010 19.12 12.85
Dec 2009 19.2 12.85
Nov 2009 19.46 13.05
Oct 2009 17.74 11.89
Sep 2009 17.54 11.74
Aug 2009 18.19 12.17
Jul 2009 17.78 11.87
Jun 2009 17.24 11.53
May 2009 17.85 11.84
Apr 2009 18.04 11.93
Mar 2009 18.7 12.33
Feb 2009 17.62 11.59
Jan 2009 16.94 11.09
Dec 2008 20.25 13.19
Nov 2008 19.89 13.1
Oct 2008 19.48 13.08
Sep 2008 20.69 14.04
Aug 2008 20.38 13.84
Jul 2008 20.07 13.68
Jun 2008 19.34 13.12
May 2008 20.07 13.48
Apr 2008 20.24 13.48
Mar 2008 18.5 12.25
Feb 2008 17.48 11.47
Jan 2008 17.94 11.74
Dec 2007 16.89 11
Nov 2007 16.93 11.03
Oct 2007 16.08 10.41
Sep 2007 15.55 10.05
Aug 2007 15.59 10.05
Jul 2007 16.31 10.53
Jun 2007 17.07 11.03
May 2007 16.92 10.91
Apr 2007 17.06 10.93
Mar 2007 16.82 10.71
Feb 2007 17.39 10.97
Jan 2007 17.25 10.83
Dec 2006 16.76 10.48
Nov 2006 16.69 10.43
Oct 2006 17.82 11.15
Sep 2006 17.74 11.16
Aug 2006 16 10.12
Jul 2006 15.9 10.03
Jun 2006 17.26 10.86
May 2006 17.39 10.92
Apr 2006 16.19 10.11
Mar 2006 17.13 10.61
Feb 2006 16.48 10.15
Jan 2006 16.78 10.32
Dec 2005 17.16 10.47
Nov 2005 17.68 10.83
Oct 2005 17.09 10.55
Sep 2005 15.86 9.78
Aug 2005 16.47 10.03
Jul 2005 18.12 10.97
Jun 2005 17.78 10.72
May 2005 17.43 10.5
Apr 2005 17.32 10.45
Mar 2005 18.54 11.11
Feb 2005 19.18 11.41
Jan 2005 19.59 11.58
Dec 2004 19.79 11.67
Nov 2004 19.38 11.48
Oct 2004 20.09 11.89
Sep 2004 19.92 11.73
Aug 2004 19.77 11.61
Jul 2004 19.86 11.66
Jun 2004 19.64 11.55
May 2004 20.91 12.26
Apr 2004 21.46 12.51
Mar 2004 22.55 13.1
Feb 2004 22.59 13.04
Jan 2004 20.54 11.79
Dec 2003 20.33 11.62
Nov 2003 21.26 12.16
Oct 2003 22.47 12.89
Sep 2003 21.23 12.19
Aug 2003 22.56 12.91
Jul 2003 21.4 12.2
Jun 2003 20.57 11.71
May 2003 20.15 11.46
Apr 2003 21.53 12.27
Mar 2003 19.85 11.34
Feb 2003 18.41 10.45
Jan 2003 18.46 10.4
Dec 2002 19.59 10.99
Nov 2002 20.83 11.71
Oct 2002 20.69 11.63
Sep 2002 19.06 10.69
Aug 2002 20.7 11.6
Jul 2002 19.1 10.67
Jun 2002 21.39 11.93
May 2002 21.02 11.72
Apr 2002 21.71 12.1
Mar 2002 23.95 13.28
Feb 2002 24.34 13.42
Jan 2002 23.63 12.98
Dec 2001 22.73 12.45
Nov 2001 21.67 11.92
Oct 2001 20.16 11.11
Sep 2001 19.35 10.7
Aug 2001 18.84 10.37
Jul 2001 21.92 12.06
Jun 2001 19.08 10.53
May 2001 20.24 11.15
Apr 2001 20.32 11.15
Mar 2001 19.92 10.88
Feb 2001 19.77 10.78
Jan 2001 22.51 12.22
Dec 2000 21.19 11.43
Nov 2000 20.77 11.21
Oct 2000 18.07 9.75
Sep 2000 19.2 10.34
Aug 2000 19.08 10.22
Jul 2000 22.13 11.86
Jun 2000 23.14 12.37
May 2000 23.24 12.35
Apr 2000 22.35 11.87
Mar 2000 22.82 12.11
Feb 2000 19.83 10.44
Jan 2000 22.4 11.72
Dec 1999 28.37 14.8
Nov 1999 23.63 12.33
Oct 1999 23.11 12.05
Sep 1999 19.55 10.18
Aug 1999 18.28 9.47
Jul 1999 17.47 9.03
Jun 1999 20.01 10.31
May 1999 17.66 9.1
Apr 1999 19.06 9.82
Mar 1999 19.24 9.84
Feb 1999 18.01 9.18
Jan 1999 18 9.17
Dec 1998 17.09 8.68
Nov 1998 15.78 8.02
Oct 1998 14.47 7.36
Sep 1998 11.47 5.82
Aug 1998 12.39 6.28
Jul 1998 13.27 6.72
Jun 1998 12.79 6.46
May 1998 11.6 5.86
Apr 1998 10.66 5.37
Mar 1998 10.74 5.4
Feb 1998 9.79 4.91
Jan 1998 8.43 4.22
Dec 1997 8.37 4.18
Nov 1997 8.47 4.24
Oct 1997 7.4 3.71
Sep 1997 7.76 3.88
Aug 1997 7.53 3.75
Jul 1997 7.97 3.96
Jun 1997 7.19 3.57
May 1997 6.35 3.15
Apr 1997 5.97 2.97
Mar 1997 5.93 2.94
Feb 1997 5.61 2.78
Jan 1997 5.07 2.5
Dec 1996 4.87 2.39
Nov 1996 5.45 2.68
Oct 1996 5.67 2.78
Sep 1996 5.66 2.77
Aug 1996 5.68 2.77
Jul 1996 5.17 2.52
Jun 1996 5.48 2.66
May 1996 5.58 2.71
Apr 1996 5.15 2.5
Mar 1996 4.98 2.41
Feb 1996 4.62 2.22
Jan 1996 4.44 2.13
Dec 1995 4.88 2.32
Nov 1995 5.26 2.51
Oct 1995 4.73 2.25
Sep 1995 5.43 2.58
Aug 1995 5.38 2.55
Jul 1995 5.85 2.77
Jun 1995 5.88 2.78
May 1995 5.47 2.58
Apr 1995 5.23 2.46
Mar 1995 5.66 2.66
Feb 1995 5.27 2.46
Jan 1995 5.09 2.37
Dec 1994 4.75 2.2
Nov 1994 5.2 2.41
Oct 1994 5.26 2.44
Sep 1994 5.24 2.43
Aug 1994 5.53 2.56
Jul 1994 5.64 2.59
Jun 1994 5.48 2.52
May 1994 5.33 2.44
Apr 1994 5.73 2.62
Mar 1994 5.88 2.68
Feb 1994 6.47 2.94
Jan 1994 6.07 2.75
Dec 1993 5.74 2.59
Nov 1993 6.57 2.97
Oct 1993 6.06 2.74
Sep 1993 5.68 2.56
Aug 1993 5.95 2.67
Jul 1993 5.88 2.63
Jun 1993 6.08 2.72
May 1993 6.47 2.89
Apr 1993 6.22 2.78
Mar 1993 7.4 3.29
Feb 1993 7.6 3.37
Jan 1993 7.64 3.38
Dec 1992 7.55 3.32
Nov 1992 7.59 3.34
Oct 1992 7.18 3.16
Sep 1992 7 3.07
Aug 1992 6.78 2.96
Jul 1992 6.66 2.9
Jun 1992 6.42 2.79
May 1992 6.35 2.75
Apr 1992 6.27 2.71
Mar 1992 6.4 2.76
Feb 1992 6.52 2.8
Jan 1992 6.53 2.8
Dec 1991 7.14 3.05
Nov 1991 5.94 2.54
Oct 1991 5.63 2.4
Sep 1991 5.82 2.48
Aug 1991 6.2 2.63
Jul 1991 5.85 2.47
Jun 1991 5.26 2.22
May 1991 5.29 2.22
Apr 1991 5.01 2.1
Mar 1991 4.8 2.01
Feb 1991 4.39 1.84
Jan 1991 4.1 1.71
Dec 1990 3.78 1.57
Nov 1990 3.77 1.56
Oct 1990 3.35 1.39
Sep 1990 3.44 1.41
Aug 1990 3.62 1.48
Jul 1990 4.03 1.63
Jun 1990 4.02 1.62
May 1990 3.65 1.46
Apr 1990 3.22 1.29
Mar 1990 3.07 1.23
Feb 1990 2.88 1.14
Jan 1990 2.8 1.11
Dec 1989 2.98 1.16
Nov 1989 2.9 1.13
Oct 1989 2.76 1.08
Sep 1989 2.74 1.06
Aug 1989 2.84 1.1
Jul 1989 2.91 1.12
Jun 1989 2.57 0.99
May 1989 2.56 0.98
Apr 1989 2.45 0.93
Mar 1989 2.22 0.84
Feb 1989 2.19 0.83
Jan 1989 2.33 0.88
Dec 1988 2.18 0.81
Nov 1988 2.1 0.78
Oct 1988 2.18 0.81
Sep 1988 2.25 0.84
Aug 1988 2.11 0.78
Jul 1988 2.32 0.85
Jun 1988 2.17 0.79
May 1988 2.01 0.73
Apr 1988 1.98 0.72
Mar 1988 2.02 0.73
Feb 1988 2.12 0.76
Jan 1988 1.98 0.71
Dec 1987 1.89 0.67
Nov 1987 1.74 0.62
Oct 1987 2 0.72
Sep 1987 2.76 0.98
Aug 1987 2.96 1.05
Jul 1987 2.74 0.97
Jun 1987 2.49 0.88
May 1987 2.16 0.76
Apr 1987 2.1 0.73
Mar 1987 2.15 0.75
Feb 1987 2.05 0.71
Jan 1987 1.82 0.63
Dec 1986 1.76 0.6
Nov 1986 1.8 0.62
Oct 1986 1.7 0.58
Sep 1986 1.59 0.54
Aug 1986 1.79 0.61
Jul 1986 1.78 0.6
Jun 1986 1.98 0.67
May 1986 1.84 0.62
Apr 1986 1.56 0.53
Mar 1986 1.51 0.51
Feb 1986 1.3 0.44
Jan 1986 1.23 0.42
Dec 1985 1.22 0.41
Nov 1985 1.14 0.38
Oct 1985 1.02 0.34
Sep 1985 0.92 0.31
Aug 1985 1 0.34
Jul 1985 0.96 0.32
Jun 1985 1.06 0.35
May 1985 1.02 0.34
Apr 1985 0.92 0.3
Mar 1985 0.88 0.29
Feb 1985 0.9 0.3
Jan 1985 0.9 0.3
Dec 1984 0.75 0.25
Nov 1984 0.79 0.26
Oct 1984 0.84 0.27
Sep 1984 0.85 0.28
Aug 1984 0.88 0.29
Jul 1984 0.82 0.26
Jun 1984 0.83 0.27
May 1984 0.75 0.24
Apr 1984 0.72 0.23
Mar 1984 0.68 0.22
Feb 1984 0.66 0.21
Jan 1984 0.73 0.23
Dec 1983 0.81 0.25
Nov 1983 0.87 0.27
Oct 1983 0.81 0.25
Sep 1983 0.85 0.27
Aug 1983 0.82 0.26
Jul 1983 0.86 0.27
Jun 1983 0.82 0.25
May 1983 0.76 0.23
Apr 1983 0.65 0.2
Mar 1983 0.62 0.19
Feb 1983 0.53 0.16
Jan 1983 0.5 0.15
Dec 1982 0.53 0.16
Nov 1982 0.51 0.15
Oct 1982 0.42 0.13
Sep 1982 0.38 0.12
Aug 1982 0.34 0.1
Jul 1982 0.29 0.088
Jun 1982 0.29 0.086
May 1982 0.27 0.079
Apr 1982 0.29 0.084
Mar 1982 0.25 0.074
Feb 1982 0.23 0.067
Jan 1982 0.24 0.069
Dec 1981 0.24 0.069
Nov 1981 0.24 0.071
Oct 1981 0.22 0.064
Sep 1981 0.21 0.061
Aug 1981 0.2 0.058
Jul 1981 0.21 0.06
Jun 1981 0.22 0.062
May 1981 0.23 0.063
Apr 1981 0.23 0.063
Mar 1981 0.22 0.059
Feb 1981 0.19 0.051
Jan 1981 0.18 0.049
Dec 1980 0.18 0.049
Nov 1980 0.17 0.046
Oct 1980 0.16 0.041
Sep 1980 0.16 0.041
Aug 1980 0.15 0.039
Jul 1980 0.14 0.036
Jun 1980 0.12 0.031
May 1980 0.11 0.028
Apr 1980 0.1 0.026
Mar 1980 0.093 0.023
Feb 1980 0.11 0.026
Jan 1980 0.12 0.029
Dec 1979 0.11 0.027
Nov 1979 0.12 0.028
Oct 1979 0.1 0.024
Sep 1979 0.11 0.026
Aug 1979 0.12 0.028
Jul 1979 0.093 0.021
Jun 1979 0.091 0.02
May 1979 0.093 0.021
Apr 1979 0.094 0.021
Mar 1979 0.091 0.02
Feb 1979 0.088 0.019
Jan 1979 0.087 0.018
Dec 1978 0.088 0.018
Nov 1978 0.089 0.019
Oct 1978 0.089 0.018
Sep 1978 0.11 0.022
Aug 1978 0.11 0.022
Jul 1978 0.098 0.02
Jun 1978 0.094 0.019
May 1978 0.097 0.019
Apr 1978 0.095 0.019
Mar 1978 0.077 0.015
Feb 1978 0.081 0.016
Jan 1978 0.079 0.015
Dec 1977 0.085 0.016
Nov 1977 0.078 0.015
Oct 1977 0.072 0.014
Sep 1977 0.072 0.014
Aug 1977 0.066 0.013
Jul 1977 0.063 0.012
Jun 1977 0.062 0.012
May 1977 0.057 0.011
Apr 1977 0.052 0.0097
Mar 1977 0.061 0.011
Feb 1977 0.06 0.011
Jan 1977 0.062 0.011
Dec 1976 0.07 0.013
Nov 1976 0.069 0.012
Oct 1976 0.064 0.012
Sep 1976 0.07 0.013
Aug 1976 0.067 0.012
Jul 1976 0.055 0.0097
Jun 1976 0.063 0.011
May 1976 0.064 0.011
Apr 1976 0.067 0.012
Mar 1976 0.077 0.013
Feb 1976 0.071 0.012
Jan 1976 0.064 0.011
Dec 1975 0.062 0.011
Nov 1975 0.071 0.012
Oct 1975 0.067 0.011
Sep 1975 0.059 0.0099
Aug 1975 0.057 0.0095
Jul 1975 0.059 0.0099
Jun 1975 0.059 0.0099
May 1975 0.052 0.0085
Apr 1975 0.042 0.0069
Mar 1975 0.05 0.0081
Feb 1975 0.035 0.0057
Jan 1975 0.038 0.0061
Dec 1974 0.024 0.0039
Nov 1974 0.025 0.0041
Oct 1974 0.032 0.005
Sep 1974 0.036 0.0057
Aug 1974 0.043 0.0067
Jul 1974 0.052 0.0079
Jun 1974 0.052 0.0079
May 1974 0.046 0.0069
Apr 1974 0.043 0.0064
Mar 1974 0.043 0.0063
Feb 1974 0.046 0.0068
Jan 1974 0.053 0.0077
Dec 1973 0.038 0.0054
Nov 1973 0.044 0.0063
Oct 1973 0.067 0.0095
Sep 1973 0.065 0.0091
Aug 1973 0.061 0.0086
Jul 1973 0.071 0.0097
Jun 1973 0.045 0.0061
May 1973 0.066 0.0089
Apr 1973 0.067 0.0091
Mar 1973 0.069 0.0092
Feb 1973 0.094 0.013
Jan 1973 0.091 0.012
Dec 1972 0.11 0.014
Nov 1972 0.099 0.013
Oct 1972 0.1 0.013
Sep 1972 0.09 0.012
Aug 1972 0.1 0.013

Returns from Investing in Walmart stock

How much did an investment in WMT 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 Walmart 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 2021.

Year Inflation-Adjusted Return Nominal Return
2024 69.1% 73.98%
2023 9.21% 12.87%
2022 -6.5% -0.47%
2021 -4.74% 1.96%
2020 21.66% 23.31%
2019 27.24% 30.15%
2018 -5.25% -3.45%
2017 43.51% 46.54%
2016 13.65% 16.01%
2015 -27.18% -26.65%
2014 11.01% 11.85%
2013 16.4% 18.15%
2012 14.97% 16.97%
2011 10.55% 13.82%
2010 1.68% 3.2%
2009 -5.18% -2.6%
2008 19.88% 19.99%
2007 0.77% 4.88%
2006 -2.36% 0.12%
2005 -13.26% -10.3%
2004 -2.66% 0.5%
2003 3.78% 5.73%
2002 -13.81% -11.77%
2001 7.28% 8.95%
2000 -25.31% -22.78%
1999 65.99% 70.45%
1998 104.26% 107.56%
1997 71.78% 74.71%
1996 -0.21% 3.1%
1995 2.73% 5.34%
1994 -17.21% -15%
1993 -23.96% -21.87%
1992 5.64% 8.7%
1991 88.84% 94.63%
1990 27.06% 34.82%
1989 36.68% 43.03%
1988 15.57% 20.67%
1987 7.08% 11.83%
1986 44.3% 45.88%
1985 62.16% 68.32%
1984 -6.57% -2.88%
1983 50.68% 56.39%
1982 126.05% 134.71%
1981 28.99% 40.5%
1980 61.72% 81.96%
1979 29.01% 46.15%
1978 3.05% 12.34%
1977 22.44% 30.65%
1976 12.61% 18.09%
1975 158.39% 176.31%
1974 -36.77% -28.97%
1973 -64.34% -61.23%

Walmart 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 WMT 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 42.13% 45.92%
Last 3 years 32.15% 35.94%
Last 5 years 16.02% 21.34%
Last 10 years 14% 17.49%
Last 20 years 8.9% 11.69%
Last 30 years 9.82% 12.6%
Last 40 years 11.97% 15.09%
Last 50 years 15.96% 20.2%

Real Returns of Investing in the WMT

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 WMT five years ago yielded an 195.12% nominal gain, but the real return (the actual increase in buying power) was 136.67%.

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 $295.12 195.12% 136.67%
Last 10 years Feb 2015 - Jun 2025 $428.74 328.74% 211.98%
Last 25 years Feb 2000 - Jun 2025 $936.78 836.78% 393.13%
Last 50 years Feb 1975 - Jun 2025 $1,707,895.16 1,707,795% 277,877%

Inflation & Walmart's Operations

Walmart's business model, focused on volume and efficiency, is significantly influenced by inflationary pressures.

  • Cost of Goods Sold: Rising prices from suppliers for merchandise directly impact Walmart's largest expense category.
  • Supply Chain & Logistics: Increased fuel costs and transportation expenses affect Walmart's extensive distribution network.
  • Labor Costs: Wage inflation for retail and warehouse employees can pressure operating margins.

Walmart typically mitigates these impacts through its vast economies of scale, sophisticated inventory management and strong negotiating power with suppliers.

Inflation Impact on Walmart Products & Pricing

Walmart's reputation as a low-price leader shapes its response to inflation and its effects on consumers.

  • Pricing Strategy: While Walmart aims to keep prices low, sustained inflation may necessitate passing some increased costs to consumers. Its ability to do so is balanced by intense competition.
  • Consumer Demand: During inflationary periods, consumers often become more price-sensitive, potentially increasing traffic to discount retailers like Walmart as they seek value.
  • Product Mix: Shoppers might shift purchases towards essential goods and private-label brands, areas where Walmart has significant offerings.

About WMT

Walmart Inc. is one of the world's largest retailers, founded by Sam Walton in 1962. Headquartered in Bentonville, Arkansas, the company operates globally under various banners.

Walmart offers a wide range of merchandise, including groceries, apparel, electronics and home goods, through its physical stores and e-commerce platforms.

The company is known for its "Everyday Low Price" (EDLP) strategy and plays a major role in the retail sector, influencing consumer trends and supply chain practices. Walmart's stock is a component of major indices like the S&P 500.

Last Close
Jul 15, 2025
95.39
Highest
Feb 13, 2025
104.49
Highest, Inflation-Adjusted
Feb 13, 2025
105.63
Annualized return
Since Aug 25, 1972
18.27%
Annualized return, Inflation-Adjusted
Since Aug 25, 1972
13.79%

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Other Inflation-Adjusted Data