What if you invested $1,000 in Amazon in 1997? (Inflation-Adjusted)

AMZN · Technology · Adjusted to 2026 dollars using BLS CPI-U data

Using BLS CPI-U data, cumulative inflation from 1997 to 2026 totals 0%. Your $1,000 in Amazon grew to $2.78M in raw dollar terms, but in real purchasing power terms that gain is equivalent to $2.78M in constant 1997 dollars. That reflects a +31.2% per year real annualized return after accounting for price changes over 29 years.

Nominal final value

$2.78M

+277,980% total return

Real value (1997 dollars)

$2.78M

+277,980% real total return

Real annualized return

+31.2%

vs. +31.1% nominal annualized

Cumulative CPI-U inflation since 1997: 0% (1 dollar in 1997 = $1.00 in 2026)

Year-by-Year (Inflation-Adjusted)

$1,000 in Amazon since 1997, values in constant 1997 dollars

Year	Nominal Value	Real Value (1997 $)
1997	$1,000	$1,000
1998	$3,278	$3,278
1999	$38,979	$38,979
2000	$43,042	$84,362
2001	$11,542	$22,045
2002	$9,460	$17,690
2003	$14,567	$26,657
2004	$33,600	$59,808
2005	$28,813	$49,559
2006	$29,880	$49,900
2007	$25,113	$40,684
2008	$51,800	$80,808
2009	$39,213	$61,565
2010	$83,607	$127,918
2011	$113,093	$166,247
2012	$129,627	$186,662
2013	$177,000	$249,570
2014	$239,127	$332,386
2015	$236,353	$328,531
2016	$391,333	$536,127
2017	$548,987	$735,642
2018	$967,260	$1,257,438
2019	$1,145,820	$1,455,191
2020	$1,339,147	$1,673,933
2021	$2,137,467	$2,543,585
2022	$1,994,313	$2,173,801
2023	$1,375,067	$1,443,820
2024	$2,069,333	$2,110,720
2025	$3,169,066	$3,169,066
2026	$3,190,667	$3,190,667

Inflation adjustment uses BLS CPI-U annual data, deflated to 2026 dollars. Nominal stock data from Yahoo Finance (split-adjusted closing prices). Real values are expressed in constant 1997 purchasing-power dollars. For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results. See our methodology and full disclaimer.