TSM
Taiwan Semiconductor Manufacturing
NYSE: TSM · TECHNOLOGY · SEMICONDUCTORS
$393.83
+0.38% today
Updated 2026-04-29
Market cap
$2.04T
P/E ratio
33.66
P/S ratio
0.50x
EPS (TTM)
$11.70
Dividend yield
0.89%
52W range
$169 – $415
Volume
13.4M
Taiwan Semiconductor Manufacturing (TSM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $317.35B | $322.66B | $333.16B | $295.74B | $419.54B | $427.01B | $506.72B | $597.00B | $762.84B | $843.51B | $947.91B | $977.44B | $1.03T | $1.07T | $1.34T | $1.59T | $2.26T | $2.16T | $2.89T | $3.85T |
| Revenue growth (YoY) | — | +1.7% | +3.3% | -11.2% | +41.9% | +1.8% | +18.7% | +17.8% | +27.8% | +10.6% | +12.4% | +3.1% | +5.5% | +3.7% | +25.2% | +18.5% | +42.6% | -4.5% | +33.9% | +33.0% |
| Cost of revenue | $161.59B | $180.29B | $191.41B | $166.41B | $212.48B | $232.94B | $262.59B | $315.64B | $385.11B | $433.12B | $473.08B | $482.62B | $533.49B | $577.28B | $628.12B | $767.88B | $915.54B | $986.63B | $1.27T | $1.54T |
| Gross profit | $155.76B | $142.38B | $141.75B | $129.33B | $207.05B | $194.07B | $244.13B | $281.36B | $377.72B | $410.39B | $474.83B | $494.83B | $497.87B | $492.70B | $711.13B | $819.54B | $1.35T | $1.18T | $1.62T | $2.30T |
| Gross margin | 49.1% | 44.1% | 42.5% | 43.7% | 49.4% | 45.4% | 48.2% | 47.1% | 49.5% | 48.7% | 50.1% | 50.6% | 48.3% | 46.0% | 53.1% | 51.6% | 59.6% | 54.4% | 56.1% | 59.9% |
| R&D | $16.06B | $17.93B | $21.48B | $21.59B | $29.71B | $33.83B | $40.39B | $47.95B | $56.83B | $65.54B | $71.21B | $80.73B | $85.90B | $91.42B | $109.49B | $124.73B | $163.26B | $182.37B | $204.18B | $248.98B |
| SG&A | $3.40M | $2.70M | $11.10B | $11.29B | $12.80B | $14.16B | $17.63B | $18.88B | $18.93B | $17.26B | $19.80B | $21.20B | $20.27B | $21.74B | $28.46B | $36.93B | $53.52B | $60.87B | $83.75B | $87.22B |
| Operating income | $127.24B | $111.73B | $104.44B | $91.96B | $159.18B | $141.56B | $181.16B | $210.07B | $295.87B | $320.05B | $377.96B | $385.56B | $383.62B | $372.70B | $566.78B | $649.98B | $1.12T | $921.47B | $1.32T | $1.96T |
| Operating margin | 40.1% | 34.6% | 31.3% | 31.1% | 37.9% | 33.2% | 35.8% | 35.2% | 38.8% | 37.9% | 39.9% | 39.4% | 37.2% | 34.8% | 42.3% | 40.9% | 49.5% | 42.6% | 45.7% | 50.8% |
| EBITDA | $200.92B | $191.64B | $193.60B | $176.67B | $258.51B | $253.46B | $314.03B | $374.79B | $505.56B | $576.17B | $613.06B | $659.63B | $693.14B | $680.00B | $918.55B | $1.09T | $1.59T | $1.52T | $1.98T | $2.75T |
| EBITDA margin | 63.3% | 59.4% | 58.1% | 59.7% | 61.6% | 59.4% | 62.0% | 62.8% | 66.3% | 68.3% | 64.7% | 67.5% | 67.2% | 63.6% | 68.6% | 68.7% | 70.4% | 70.5% | 68.6% | 71.5% |
| EBIT | $127.21B | $111.76B | $112.09B | $95.85B | $170.70B | $145.77B | $182.68B | $218.61B | $305.31B | $353.67B | $389.23B | $399.49B | $400.59B | $393.11B | $586.83B | $668.45B | $1.16T | $991.32B | $1.32T | $2.06T |
| Interest expense | $7.62B | $11.77B | $615.00M | $391.50M | $425.40M | $626.70M | $1.02B | $2.65B | $3.24B | $3.19B | $3.31B | $3.33B | $3.05B | $3.25B | $2.08B | $5.41B | $11.75B | $12.00B | $10.50B | $12.37B |
| Income tax | $7.79B | $11.71B | $10.95B | $6.00B | $7.99B | $10.69B | $22.37B | $32.11B | $47.89B | $47.64B | $54.12B | $51.12B | $34.44B | $35.84B | $73.74B | $70.16B | $150.78B | $128.29B | $248.32B | $329.65B |
| Effective tax rate | 5.8% | 9.7% | 9.9% | 6.3% | 4.7% | 7.4% | 12.3% | 14.9% | 15.8% | 13.6% | 14.0% | 12.9% | 8.7% | 9.2% | 12.6% | 10.6% | 13.2% | 13.1% | 17.7% | 16.0% |
| Net income | $126.98B | $109.20B | $99.93B | $89.22B | $161.60B | $134.20B | $159.48B | $183.98B | $254.30B | $302.85B | $331.71B | $345.00B | $363.05B | $353.95B | $510.74B | $592.36B | $992.92B | $851.74B | $1.16T | $1.74T |
| Net income growth (YoY) | — | -14.0% | -8.5% | -10.7% | +81.1% | -17.0% | +18.8% | +15.4% | +38.2% | +19.1% | +9.5% | +4.0% | +5.2% | -2.5% | +44.3% | +16.0% | +67.6% | -14.2% | +36.0% | +49.8% |
| Profit margin | 40.0% | 33.8% | 30.0% | 30.2% | 38.5% | 31.4% | 31.5% | 30.8% | 33.3% | 35.9% | 35.0% | 35.3% | 35.2% | 33.1% | 38.1% | 37.3% | 43.9% | 39.4% | 40.0% | 45.1% |