S&P 500 Historical Annual Returns
Complete year-by-year performance of the S&P 500 index from 1928 to 2025. Total return includes both price appreciation and reinvested dividends. The S&P 500 has delivered positive returns in roughly 73% of years, with an average annual total return of approximately 11.5%.
98
Years of Data
+12.2%
Average Annual Return
72/98
Positive Years
1933
Best Year (+54.0%)
Annual Returns Chart
19282025
| Year ↓ | Price Return | Dividend Return | Total Return |
|---|---|---|---|
| 2025 | +23.3% | +1.3% | +24.6% |
| 2024 | +23.3% | +1.2% | +24.5% |
| 2023 | +24.2% | +1.4% | +25.7% |
| 2022 | -19.4% | +1.6% | -18.1% |
| 2021 | +26.9% | +1.3% | +28.7% |
| 2020 | +16.3% | +1.6% | +18.4% |
| 2019 | +28.9% | +1.9% | +31.5% |
| 2018 | -6.2% | +2.0% | -4.4% |
| 2017 | +19.4% | +1.8% | +21.8% |
| 2016 | +9.5% | +2.1% | +12.0% |
| 2015 | -0.7% | +2.1% | +1.4% |
| 2014 | +11.4% | +1.9% | +13.7% |
| 2013 | +29.6% | +1.9% | +32.4% |
| 2012 | +13.4% | +2.2% | +16.0% |
| 2011 | 0.0% | +2.1% | +2.1% |
| 2010 | +12.8% | +1.8% | +15.1% |
| 2009 | +23.5% | +2.0% | +26.5% |
| 2008 | -38.5% | +1.5% | -37.0% |
| 2007 | +3.5% | +1.9% | +5.5% |
| 2006 | +13.6% | +1.8% | +15.8% |
| 2005 | +3.0% | +1.8% | +4.9% |
| 2004 | +8.0% | +1.6% | +10.9% |
| 2003 | +26.4% | +1.6% | +28.7% |
| 2002 | -23.4% | +1.7% | -22.1% |
| 2001 | -13.0% | +1.4% | -11.9% |
| 2000 | -10.1% | +1.2% | -9.1% |
| 1999 | +19.5% | +1.2% | +21.0% |
| 1998 | +26.7% | +1.3% | +28.6% |
| 1997 | +31.0% | +1.6% | +33.4% |
| 1996 | +20.3% | +2.0% | +23.0% |
| 1995 | +34.1% | +2.3% | +37.6% |
| 1994 | -1.5% | +2.9% | +1.3% |
| 1993 | +7.1% | +2.7% | +10.1% |
| 1992 | +4.5% | +2.9% | +7.6% |
| 1991 | +26.3% | +3.1% | +30.5% |
| 1990 | -6.6% | +3.6% | -3.1% |
| 1989 | +27.3% | +3.4% | +31.7% |
| 1988 | +12.4% | +3.6% | +16.6% |
| 1987 | +2.0% | +3.7% | +5.8% |
| 1986 | +14.6% | +3.5% | +18.7% |
| 1985 | +26.3% | +4.2% | +31.7% |
| 1984 | +1.4% | +4.6% | +6.3% |
| 1983 | +17.3% | +4.4% | +22.6% |
| 1982 | +14.8% | +5.8% | +21.6% |
| 1981 | -9.7% | +5.4% | -4.9% |
| 1980 | +25.8% | +4.6% | +32.5% |
| 1979 | +12.3% | +5.3% | +18.4% |
| 1978 | +1.1% | +5.3% | +6.6% |
| 1977 | -11.5% | +4.6% | -7.2% |
| 1976 | +19.1% | +3.9% | +23.8% |
| 1975 | +31.5% | +4.2% | +37.2% |
| 1974 | -29.7% | +3.6% | -26.5% |
| 1973 | -17.4% | +3.1% | -14.7% |
| 1972 | +15.6% | +2.7% | +19.0% |
| 1971 | +10.8% | +3.1% | +14.3% |
| 1970 | +0.1% | +3.5% | +4.0% |
| 1969 | -11.4% | +3.2% | -8.5% |
| 1968 | +7.7% | +3.1% | +11.1% |
| 1967 | +20.1% | +3.0% | +24.0% |
| 1966 | -13.1% | +2.9% | -10.1% |
| 1965 | +9.1% | +3.0% | +12.5% |
| 1964 | +12.9% | +3.0% | +16.5% |
| 1963 | +18.9% | +3.2% | +22.8% |
| 1962 | -11.8% | +3.4% | -8.7% |
| 1961 | +23.1% | +2.9% | +26.9% |
| 1960 | -3.0% | +3.5% | +0.5% |
| 1959 | +8.5% | +3.2% | +12.0% |
| 1958 | +38.1% | +3.2% | +43.4% |
| 1957 | -14.3% | +3.6% | -10.8% |
| 1956 | +2.6% | +3.6% | +6.6% |
| 1955 | +26.4% | +3.6% | +31.6% |
| 1954 | +45.0% | +4.4% | +52.6% |
| 1953 | -6.6% | +5.0% | -1.0% |
| 1952 | +11.8% | +5.5% | +18.4% |
| 1951 | +16.5% | +5.1% | +24.0% |
| 1950 | +21.8% | +5.4% | +31.7% |
| 1949 | +10.3% | +7.5% | +18.8% |
| 1948 | -0.7% | +5.5% | +5.5% |
| 1947 | 0.0% | +5.0% | +5.7% |
| 1946 | -11.9% | +3.4% | -8.1% |
| 1945 | +30.7% | +3.6% | +36.4% |
| 1944 | +13.8% | +4.4% | +19.7% |
| 1943 | +19.4% | +4.5% | +25.9% |
| 1942 | +12.4% | +6.0% | +20.3% |
| 1941 | -17.9% | +5.0% | -12.8% |
| 1940 | -15.3% | +6.0% | -9.8% |
| 1939 | -5.4% | +4.4% | -0.4% |
| 1938 | +25.2% | +3.8% | +31.1% |
| 1937 | -38.6% | +3.2% | -35.0% |
| 1936 | +27.9% | +5.4% | +33.9% |
| 1935 | +41.4% | +5.3% | +47.7% |
| 1934 | -5.9% | +3.1% | -1.4% |
| 1933 | +46.6% | +3.5% | +54.0% |
| 1932 | -15.2% | +5.4% | -8.2% |
| 1931 | -47.1% | +4.0% | -43.3% |
| 1930 | -28.5% | +4.3% | -24.9% |
| 1929 | -11.9% | +3.2% | -8.4% |
| 1928 | +37.9% | +5.5% | +43.6% |
Total return includes reinvested dividends. Source: S&P Dow Jones Indices, NYU Stern / Damodaran. Click column headers to sort.
Disclaimer: Past performance does not guarantee future results. Data is sourced from public records and may contain minor discrepancies due to different calculation methodologies. This is for informational and educational purposes only.