On this page is an interactive history of S&P 500 sales per share – the trailing-twelve-month revenue behind the index, in nominal and inflation-adjusted dollars. The series runs back to 1946. Switch the dollars or the scale and snap the summary stats to a window of your choosing.
Using the S&P 500 sales calculator
The tool opens on nominal trailing-twelve-month sales per share. Adjust a control or drag the chart and it recomputes immediately.
- Nominal / Real (CPI-adj) – view sales in current dollars, or in inflation-adjusted dollars rebased to the latest month.
- Linear / Log – switch between a linear (default) view and a logarithmic view that makes a long run of growth easier to read.
- Highlights cards – these show the latest reading, the year-on-year change, the high within your chosen range, and the annualized growth rate across it.
- Chart range – use the 10Y / 20Y / 30Y / 50Y / Max shortcuts or drag the slider below the chart. Export the figures with the copy and CSV buttons on the right.
- By-year table – one row per December, newest first, sortable, with nominal, real, and year-on-year columns.
Below is the year-by-year history of S&P 500 sales per share (December readings), in both nominal and inflation-adjusted dollars. Click to expand.
S&P 500 sales per share by year
| Year | Sales/Sh | Real (CPI-adj) | YoY |
|---|---|---|---|
| 2025 | $2,070.73 | $2,128.02 | +5.08% |
| 2024 | $1,970.60 | $2,079.33 | +5.25% |
| 2023 | $1,872.30 | $2,032.67 | +6.81% |
| 2022 | $1,752.90 | $1,966.84 | +11.88% |
| 2021 | $1,566.80 | $1,871.49 | +15.00% |
| 2020 | $1,362.39 | $1,741.84 | -3.72% |
| 2019 | $1,415.01 | $1,833.78 | +5.36% |
| 2018 | $1,343.01 | $1,780.24 | +9.05% |
| 2017 | $1,231.57 | $1,663.68 | +7.03% |
| 2016 | $1,150.68 | $1,587.19 | +2.09% |
| 2015 | $1,127.13 | $1,586.96 | -3.11% |
| 2014 | $1,163.31 | $1,649.85 | +4.16% |
| 2013 | $1,116.81 | $1,595.89 | +2.24% |
| 2012 | $1,092.38 | $1,584.42 | +3.76% |
| 2011 | $1,052.83 | $1,553.64 | +9.36% |
| 2010 | $962.70 | $1,462.72 | +5.98% |
| 2009 | $908.40 | $1,400.86 | -12.86% |
| 2008 | $1,042.46 | $1,651.35 | +1.70% |
| 2007 | $1,025.08 | $1,625.30 | +7.62% |
| 2006 | $952.51 | $1,571.88 | +8.94% |
| 2005 | $874.32 | $1,479.50 | +10.93% |
| 2004 | $788.17 | $1,379.28 | +10.88% |
| 2003 | $710.81 | $1,284.39 | +5.37% |
| 2002 | $674.59 | $1,241.86 | -8.45% |
| 2001 | $736.88 | $1,388.77 | -1.18% |
| 2000 | $745.70 | $1,427.20 | +11.18% |
| 1999 | $670.69 | $1,327.11 | +8.60% |
| 1998 | $617.57 | $1,254.81 | -0.55% |
| 1997 | $620.97 | $1,282.06 | +5.75% |
| 1996 | $587.22 | $1,233.01 | +1.01% |
| 1995 | $581.38 | $1,261.30 | +9.94% |
| 1994 | $528.83 | $1,176.43 | +0.47% |
| 1993 | $526.37 | $1,202.27 | +2.24% |
| 1992 | $514.83 | $1,208.23 | +3.12% |
| 1991 | $499.25 | $1,205.66 | +2.64% |
| 1990 | $486.39 | $1,210.59 | +4.56% |
| 1989 | $465.16 | $1,228.46 | +9.98% |
| 1988 | $422.94 | $1,168.85 | +12.31% |
| 1987 | $376.57 | $1,086.70 | -1.49% |
| 1986 | $382.26 | $1,152.03 | +2.00% |
| 1985 | $374.77 | $1,141.87 | +4.62% |
| 1984 | $358.21 | $1,132.87 | +13.88% |
| 1983 | $314.56 | $1,034.10 | +0.72% |
| 1982 | $312.30 | $1,065.60 | -0.81% |
| 1981 | $314.85 | $1,115.43 | +4.99% |
| 1980 | $299.88 | $1,157.20 | +12.92% |
| 1979 | $265.57 | $1,153.06 | +12.56% |
| 1978 | $235.93 | $1,160.56 | +11.29% |
| 1977 | $211.99 | $1,136.82 | +10.15% |
| 1976 | $192.46 | $1,101.26 | +14.50% |
| 1975 | $168.09 | $1,008.61 | -1.23% |
| 1974 | $170.18 | $1,091.96 | +20.31% |
| 1973 | $141.45 | $1,019.63 | +13.06% |
| 1972 | $125.12 | $980.41 | +7.79% |
| 1971 | $116.08 | $940.56 | +8.78% |
| 1970 | $106.71 | $892.87 | +3.71% |
| 1969 | $102.89 | $908.84 | +2.94% |
| 1968 | $99.94 | $937.56 | +13.35% |
| 1967 | $88.18 | $866.20 | +6.23% |
| 1966 | $83.01 | $840.21 | +7.21% |
| 1965 | $77.42 | $810.79 | +11.23% |
| 1964 | $69.61 | $742.95 | +6.29% |
| 1963 | $65.49 | $705.79 | +6.63% |
| 1962 | $61.42 | $672.79 | +7.43% |
| 1961 | $57.17 | $634.61 | +1.97% |
| 1960 | $56.06 | $626.50 | +2.34% |
| 1959 | $54.78 | $620.50 | +5.35% |
| 1958 | $52.00 | $599.19 | -1.62% |
| 1957 | $52.85 | $619.78 | +2.18% |
| 1956 | $51.73 | $624.16 | +1.16% |
| 1955 | $51.13 | $635.40 | +13.80% |
| 1954 | $44.93 | $560.42 | -7.88% |
| 1953 | $48.78 | $603.84 | +6.22% |
| 1952 | $45.92 | $572.74 | +8.67% |
| 1951 | $42.26 | $531.02 | +16.13% |
| 1950 | $36.39 | $484.69 | +10.65% |
| 1949 | $32.88 | $464.04 | -3.93% |
| 1948 | $34.23 | $472.99 | +18.69% |
| 1947 | $28.84 | $410.44 | +40.51% |
| 1946 | $20.52 | $317.91 | — |
Sales per share – also called revenue per share – is the combined revenue of the index's companies divided by its share count (the S&P 500 divisor). We use the trailing-twelve-month total, so each month is that month plus the previous eleven.
A word on the history. From 2000 onward, sales come from S&P Dow Jones Indices. Before that, back to 1946, the series is a DQYDJ compilation stitched together from older sources – treat the early decades as less precise than the modern ones (especially since the modern version of the S&P 500 launched in 1957).
Revenue is generally steadier and harder to massage than earnings – no write-downs or one-time charges land on the top line – which is part of why some analysts lean on sales-based measures like the price-to-sales ratio. The trade-off is that revenue says nothing about profitability on its own; the profit margin is what connects the two.
Methodology and sources
Index prices and CPI come from Robert J. Shiller's compiled dataset. Sales per share is spliced: S&P Dow Jones Indices from 2000 on, and a DQYDJ historical compilation from older sources for 1946 through 1999. The Price to Sales methodology documents the full sales splice and its older sources.
For the price and inflation series and how they are built, see the S&P 500 Return Calculator.
- Sales per share is the trailing-twelve-month revenue per index share.
- Quarter-end months (March, June, September, December) carry the actual reported four-quarter total; the months between are interpolated. The by-year table uses December.
- Sales updates on a lag and less frequently than earnings or dividends, so the most recent months can repeat the latest reported figure.
- Real values are inflation-adjusted with CPI-U and restated into the latest month's dollars: real sales = nominal sales × (CPIlatest ÷ CPImonth).
\text{Real Sales}_t = \text{Sales}_t \times \dfrac{\text{CPI}_{\text{latest}}}{\text{CPI}_t}