TSM

Taiwan Semiconductor Manufacturing Company
D

TSM

Arincen87/100B

Taiwan Semiconductor Manufacturing Company income statement 1997–2026

4.94T TWD over the last twelve months, and 3.81T TWD in fiscal year 2025.

Revenue Operating income Net income

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Fiscal year
TTM
30 Sept 2026
FY2025
31 Dec 2025
FY2024
31 Dec 2024
FY2023
31 Dec 2023
FY2022
31 Dec 2022
FY2021
31 Dec 2021
FY2020
31 Dec 2020
FY2019
31 Dec 2019
FY2018
31 Dec 2018
FY2017
31 Dec 2017
FY2016
31 Dec 2016
Revenue
4.94T3.81T2.89T2.16T2.26T1.59T1.34T1.07T1.03T977.44B947.91B
Revenue growth
+36.14%+31.61%+33.89%-4.51%+42.62%+18.53%+25.17%+3.74%+5.52%+3.12%+12.38%
Cost of revenue
1.69T1.53T1.27T986.63B915.54B767.88B628.12B577.28B533.49B482.62B473.08B
Gross profit
3.26T2.28T1.62T1.18T1.35T819.54B711.13B492.70B497.87B494.83B474.83B
Gross margin
65.85%59.89%56.12%54.36%59.56%51.63%53.10%46.05%48.27%50.62%50.09%
Research and development
294.69B246.43B204.18B182.37B163.26B124.73B109.49B91.42B85.90B80.73B71.21B
Selling, general and administrative
102.86B99.22B96.89B71.46B63.45B44.49B35.57B28.09B26.25B27.17B25.70B
Operating expenses
389.57B345.20B302.30B253.65B227.08B169.56B144.35B120.00B114.25B109.27B96.87B
2.87T1.94T1.32T921.47B1.12T649.98B566.78B372.70B383.62B385.56B377.96B
Operating income growth
+59.49%+46.45%+43.47%-17.82%+72.51%+14.68%+52.07%-2.85%-0.50%+2.01%+18.09%
Operating margin
57.97%50.83%45.68%42.63%49.53%40.95%42.32%34.83%37.20%39.45%39.87%
Interest income
120.06B105.74B87.21B60.29B22.42B5.71B9.02B16.19B14.69B9.46B6.32B
Interest expense
—12.37B10.50B12.00B11.75B5.41B2.08B3.25B3.05B3.33B3.31B
Other non-operating income
186.78B105.56B83.79B57.71B22.79B13.06B17.96B17.16B13.92B10.60B7.96B
Pretax income
3.05T2.04T1.41T979.17B1.14T663.04B584.75B389.86B397.54B396.16B385.92B
Income tax
525.48B346.53B248.32B128.29B150.78B70.16B73.74B35.84B34.44B51.12B54.12B
Effective tax rate
17.21%16.97%17.66%13.10%13.18%10.58%12.61%9.19%8.66%12.90%14.02%
2.53T1.70T1.16T851.74B992.92B592.36B510.74B353.95B363.05B345.00B331.71B
Net income growth
+60.77%+46.55%+36.00%-14.22%+67.62%+15.98%+44.30%-2.51%+5.23%+4.00%+9.53%
Net margin
51.12%44.57%40.02%39.40%43.86%37.32%38.14%33.08%35.20%35.30%34.99%
Basic shares (in ADSs of 5 shares)
5.19B5.19B5.19B5.19B5.19B5.19B5.19B5.19B5.19B5.19B5.19B
Diluted shares (in ADSs of 5 shares)
5.19B5.19B5.19B5.19B5.19B5.19B5.19B5.19B5.19B5.19B5.19B
Change in diluted shares
+0.01%+0.00%+0.00%-0.00%-0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EPS (basic) (per ADS of 5 shares)
491.30331.30230.80159.65198.60113.9595.2565.7069.1065.5064.65
EPS (diluted) (per ADS of 5 shares)
491.30331.25230.80159.65198.60113.9595.2565.7069.1065.5064.65
EPS growth
+60.25%+43.52%+44.57%-19.61%+74.29%+19.63%+44.98%-4.92%+5.50%+1.31%+5.55%
Dividends per share
3.772.771.841.451.441.481.361.601.040.920.94
Dividend growth
+53.61%+50.68%+26.54%+1.05%-2.90%+8.87%-15.21%+54.82%+12.46%-1.96%+29.96%
EBITDA
3.81T2.74T1.98T1.52T1.59T1.09T918.55B680.00B693.14B659.63B613.06B
EBITDA margin
77.03%71.99%68.58%70.48%70.37%68.72%68.59%63.55%67.21%67.49%64.67%
EBIT
3.06T2.05T1.32T991.32B1.16T668.45B586.83B393.11B400.59B399.49B389.23B

Figures in TWD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.

Common questions about Taiwan Semiconductor Manufacturing Company's income statement

Source: Financial Modeling Prep