Learn · Returns and data
Adjusted close
An adjusted closing price is a vendor-calculated historical price that attempts to account for specified corporate actions, commonly stock splits and sometimes cash distributions.
Plain-English definition: An adjusted closing price is a vendor-calculated historical price that attempts to account for specified corporate actions, commonly stock splits and sometimes cash distributions.[1]
How the term is used
Yahoo documents its adjusted close as accounting for splits and dividend distributions. That describes Yahoo's field, not a universal standard, so another provider's methodology still needs to be checked.[1]
What to check before relying on it
Do not treat adjusted close as a universal total-return series. Check the provider's method, compare split and distribution records separately, and record whether cash distributions were reinvested.
Example
After a 2-for-1 split, an unadjusted pre-split close may look twice as high as a later close. A split-adjusted series rescales the earlier observation so the split itself does not appear as an economic loss.
Sources
- Yahoo Help: What is the adjusted close? — a provider-specific explanation of how one widely used historical-data service adjusts closing prices. Accessed October 24, 2026.
