Taiwan Semiconductor (TSM) financials
Taiwan Semiconductor revenue and earnings by year
Taiwan Semiconductor's revenue was $122 billion in the fiscal year to December 31, 2025, up 36.7% from the year before. Net income was $54.3 billion, 44.6% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 17.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 121.8 | 89.1 | 70.3 | 73.7 | 57.3 | 47.7 | 35.5 | 33.7 | 32.9 | 29.4 |
| Revenue growth | 36.7% | 26.6% | -4.6% | 28.7% | 20.2% | 34.1% | 5.5% | 2.4% | 11.9% | — |
| Gross profit | 73.0 | 50.0 | 38.2 | 43.9 | 29.6 | 25.3 | 16.4 | 16.3 | 16.7 | 14.7 |
| Gross margin | 59.9% | 56.1% | 54.4% | 59.6% | 51.6% | 53.1% | 46.0% | 48.3% | 50.6% | 50.1% |
| Operating income | 61.9 | 40.7 | 30.0 | 36.5 | 23.5 | 20.2 | 12.4 | 12.5 | 13.0 | 11.7 |
| Operating margin | 50.8% | 45.7% | 42.6% | 49.5% | 40.9% | 42.3% | 34.8% | 37.2% | 39.4% | 39.9% |
| Net income | 54.3 | 35.7 | 27.7 | 32.3 | 21.4 | 18.2 | 11.8 | 11.9 | 11.6 | 10.3 |
| Net margin | 44.6% | 40.0% | 39.4% | 43.9% | 37.3% | 38.1% | 33.1% | 35.2% | 35.3% | 35.0% |
| Diluted EPS | $10.59 | $6.95 | $5.28 | $6.31 | $4.08 | $3.37 | $2.23 | $2.67 | $2.81 | — |
| Free cash flow | 32.1 | 26.8 | 9.5 | 17.2 | 9.8 | 11.1 | 5.1 | 8.4 | 8.6 | 6.5 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open TSM in Markets.
See also: TSM valuation and P/E history · TSM returns
No forecast, no recommendation. This page describes Taiwan Semiconductor from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.