What was GameStop's compound annual growth rate (CAGR) since 2023?

GameStop's CAGR from 2023 to September 2026 was 8.6% per year. For comparison, the S&P 500 has historically averaged around 10% annually. However, this came with substantially higher volatility and drawdown risk.

How does GameStop compare to the S&P 500 since 2023?

The same $1,000 invested in an S&P 500 index fund in 2023 would be worth approximately $2,102.85 today. GameStop underperformed the S&P 500 by $740.52.

How much of the GameStop gain would you keep after taxes?

Sold today, the $362.33 gain would be a long-term capital gain for US federal tax. At the 15% rate most people pay, you'd keep about $1,307.98. At the top rate of 23.8% (20% plus the 3.8% net investment income tax) you'd keep about $1,276.09, and lower incomes pay 0%. State tax is extra, and gains inside a Roth IRA aren't taxed.

What is the inflation-adjusted return on $1,000 in GameStop since 2023?

Adjusted for cumulative US inflation since 2023, the real purchasing-power value of the GameStop position is approximately $1,273.31 in 2023 dollars. Inflation shrinks the gain, but the investment still grew faster than prices.

How did GameStop perform in 2023?

GameStop fell 3.1% during 2023, from $17.20 at the start of the year to $16.67 at the start of 2024.

What If You Invested $1,000 in GameStop in 2023?

Q: Did GameStop pay dividends?

No. GameStop paid no dividends over this period, so the whole return came from its share price.

Try your own numbers

If I had putintoat the start of…

it would be worth today

$1,362

+$362.33 profit1.36x8.6% a year

The same $1,000 in an S&P 500 index fund: $2,103

Aftertax on the gain, you’d keep$1,308

US federal long-term rates: 15% for most people, 0% on lower incomes, 20% + 3.8% on high incomes. No state tax included; none inside a Roth IRA.

Compare with

Growth Over Time

Performance Metrics

Total Invested

$1,000.00

Current Value

$1,362.33

Total Profit

$362.33

Multiplier

1.36x

CAGR

8.6%

Max Drawdown

-54.3%

Inflation-Adjusted

$1,273.31

Benchmark Comparison

How does $1,000.00 invested in 2023 compare across different asset classes?

Asset	Value Today	Return
GameStop	$1,362.33	1.36x
S&P 500	$2,102.85	2.10x
Gold	$2,302.30	2.30x
Savings (2% APY)	$1,076.98	1.08x

Dividends

GameStop paid no dividends over this period, so the whole return came from its share price.

Dividends from Yahoo Finance. Shares today assume every dividend was reinvested.

Back in 2023

In September 2023, GameStop's board elected chairman Ryan Cohen as CEO, a role he took on without receiving compensation. sec.gov
In 2023, a gallon of gas averaged $3.52 and the new iPhone 15 Pro started at $999. eia.gov apple.com
During 2023 itself, GameStop fell 3.1%, #105 of the 113 investments we track. The best was Solana (+913%); the worst was AMC Entertainment (−84%). Full 2023 results →

$1,000 in GameStop, year by year

Of the 113 investments we track that were available at the start of 2023, GameStop ranks #82 by growth to today — just behind Chevron and ahead of Dogecoin. See the full 2023 ranking →

GameStop started 2023 55% below its start-of-2022 high, after falling 55% in 2022. It was worth less than the $1,000 put in at the start of 2024, and has been above it since the start of 2025. Its best January was 2025, at $1,783. Today it's 24% below that, so selling then would have beaten holding. It rose in 1 of the 3 full years since. It fell behind the same $1,000 in the S&P 500 at the start of 2026 and hasn't caught up. Month by month, the deepest fall ran from Jun 2023 ($1,406) to Apr 2024 ($642.90), a drop of 54%. At its lowest month-end, in Apr 2024, it was worth $642.90.

When	Worth	Change	S&P 500
Start of 2023	$1,000	—	$1,000
Start of 2024	$969	−3.1%	$1,263
Start of 2025	$1,783	+84%	$1,579
Start of 2026	$1,199	−33%	$1,861
Today	$1,362	+14%	$2,103

Values at the start of each year (first trading day for stocks). The S&P 500 column includes reinvested dividends, like the stock values.

Historical Context

At the start of 2023, GameStop was priced at $17.20 (adjusted for later splits and dividends). $1,000 would have bought about 58.14 shares. GameStop sells video games and consoles; its stock became famous in the January 2021 short squeeze.

Measured from one January to the next, GameStop's best year since then was 2024 (+84%) and its worst was 2025 (−33%). Holding on wasn't easy: between the start of 2025 and the start of 2026, the position fell 33% from its high.

Frequently Asked Questions

A $1,000 investment in GameStop at the start of 2023 would be worth approximately $1,362.33 today — a 1.36x return ($362.33 profit) over 3.7 years.

Methodology & Sources

Price data: Historical prices are the closing price on the first trading day of each year, adjusted for splits and dividends (so returns assume dividends were reinvested), from Yahoo Finance and MacroTrends. Current prices come from Yahoo Finance and refresh hourly; if that source is unavailable, the last saved price is used.

Calculation: Assumes a single purchase at the start of 2023 (or the first trading day, for companies that listed that year), held until today. No transaction fees, taxes, or slippage are included.

Benchmarks: The S&P 500 comparison uses the S&P 500 Total Return index (dividends reinvested, like an index fund) at the start of2023 and today. Gold uses the price per troy ounce. Savings account assumes a 2% APY compounded annually.

Inflation adjustment: Uses U.S. CPI-U annual averages from the Bureau of Labor Statistics. The 2026 CPI value is estimated.

Educational purposes only. Past performance does not guarantee future results. Not financial advice.