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Financials · TSM

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) financials

For fiscal 2025 (ended Dec 31, 2025), Taiwan Semiconductor Manufacturing Company Ltd. reported NT$3.81T of revenue and NT$1.70T of net income. Figures are in TWD, the currency of its SEC filings.

Revenue, FY2025
NT$3.81T
Revenue growth, YoY
+31.6%
Net income, FY2025
NT$1.70T
Net income growth, YoY
+46.5%
Net margin
44.6%
Free cash flow, FY2025
NT$1.00T
EPS, diluted, FY2025
NT$65.47
EPS growth, YoY
+46.6%
Cash
NT$2.77T
Total debt
NT$39.83B
Annual revenueNT$3.81T
FY2016FY2025
Annual net incomeNT$1.70T
FY2016FY2025
Annual free cash flowNT$1.00T
FY2016FY2025

TSM revenue and earnings growth

TSM revenueFY2025NT$3.81T

FY YoY
+31.6%
5Y CAGR
+23.3%
10Y CAGR
+16.3%

TSM revenue was NT$3.81T for fiscal 2025 (ended Dec 31, 2025), up 31.6% from fiscal 2024. Compound annual growth was +23.3% over 5 years and +16.3% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

TSM net incomeFY2025NT$1.70T

FY YoY
+46.5%
5Y CAGR
+27.2%
10Y CAGR
+18.8%

TSM net income was NT$1.70T for fiscal 2025 (ended Dec 31, 2025), up 46.5% from fiscal 2024. Compound annual growth was +27.2% over 5 years and +18.8% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

TSM EPSFY2025NT$65.47

FY YoY
+46.6%
5Y CAGR
+27.1%
10Y CAGR
+18.8%

TSM diluted EPS was NT$65.47 for fiscal 2025 (ended Dec 31, 2025), up 46.6% from fiscal 2024. Compound annual growth was +27.1% over 5 years and +18.8% over 10 years.

TSM free cash flowFY2025NT$1.00T

FY YoY
+15.2%
5Y CAGR
+26.0%
10Y CAGR
+13.9%

TSM free cash flow was NT$1.00T for fiscal 2025 (ended Dec 31, 2025), up 15.2% from fiscal 2024. Compound annual growth was +26.0% over 5 years and +13.9% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
RevenueNT$3.81TNT$2.89TNT$2.16TNT$2.26TNT$1.59TNT$1.34TNT$1.07TNT$1.03TNT$977.45BNT$947.94B
Cost of revenueNT$1.53TNT$1.27TNT$986.63BNT$915.54BNT$767.88BNT$628.12BNT$577.28BNT$533.49BNT$482.62BNT$473.08B
Gross profitNT$2.28TNT$1.62TNT$1.18TNT$1.35TNT$819.54BNT$711.13BNT$492.70BNT$497.87BNT$494.83BNT$474.83B
Research and developmentNT$246.43BNT$204.18BNT$182.37BNT$163.26BNT$124.73BNT$109.49BNT$91.42BNT$85.90BNT$80.73BNT$71.21B
Selling, general and adminNT$82.30BNT$83.75BNT$60.87BNT$53.52BNT$36.93BNT$28.46BNT$21.74BNT$20.27BNT$21.20BNT$19.80B
Operating incomeNT$1.94TNT$1.32TNT$921.47BNT$1.12TNT$649.98BNT$566.78BNT$372.70BNT$383.62BNT$385.56BNT$377.96B
Interest expenseNT$12.37BNT$10.50BNT$12.00BNT$11.75BNT$5.41BNT$2.08BNT$3.25BNT$3.05BNT$3.33BNT$3.31B
Pre-tax incomeNT$2.04TNT$1.41TNT$979.32BNT$1.14TNT$663.04BNT$584.75BNT$389.86BNT$397.54BNT$396.16BNT$385.92B
Income taxNT$346.53BNT$248.32BNT$128.29BNT$150.78BNT$70.16BNT$73.74BNT$35.84BNT$34.44BNT$51.12BNT$54.12B
Net incomeNT$1.70TNT$1.16TNT$851.74BNT$992.92BNT$592.36BNT$510.74BNT$353.95BNT$363.05BNT$345.00BNT$331.71B
EPS, basicNT$65.47NT$44.68NT$32.85NT$38.29NT$22.84NT$19.70NT$13.65NT$14.00NT$13.30NT$12.79
EPS, dilutedNT$65.47NT$44.67NT$32.85NT$38.29NT$22.84NT$19.70NT$13.65NT$14.00NT$13.30NT$12.79
Diluted shares25.93B25.93B25.93B25.93B25.93B25.93B25.93B25.93B25.93B25.93B

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalentsNT$2.77TNT$2.13TNT$1.47TNT$1.34TNT$1.06TNT$660.17BNT$455.40BNT$577.81BNT$553.39BNT$541.25B
Short-term investmentsNT$100.20MNT$207.70MNT$924.60MNT$1.07BNT$159.00MNT$2.26BNT$326.80MNT$3.50BNT$569.80MNT$6.45B
InventoryNT$288.11BNT$287.87BNT$251.00BNT$221.15BNT$193.10BNT$137.35BNT$82.98BNT$103.23BNT$73.88BNT$48.68B
Current assetsNT$3.82TNT$3.09TNT$2.19TNT$2.05TNT$1.61TNT$1.09TNT$822.61BNT$951.68BNT$857.20BNT$817.73B
Total assetsNT$7.93TNT$6.69TNT$5.53TNT$4.96TNT$3.73TNT$2.76TNT$2.26TNT$2.09TNT$1.99TNT$1.89T
Current liabilitiesNT$1.52TNT$1.31TNT$942.81BNT$986.56BNT$758.35BNT$631.90BNT$598.36BNT$356.84BNT$386.89BNT$348.29B
Long-term debtNT$39.83BNT$31.82BNT$4.38BNT$4.76BNT$3.31BNT$1.97B----
Total debtNT$39.83BNT$31.82BNT$4.38BNT$4.76BNT$3.31BNT$1.97B----
Total liabilitiesNT$2.54TNT$2.41TNT$2.08TNT$2.05TNT$1.57TNT$924.84BNT$650.34BNT$428.93BNT$497.29BNT$526.45B
Shareholders' equityNT$5.36TNT$4.24TNT$3.45TNT$2.92TNT$2.15TNT$1.84TNT$1.61TNT$1.66TNT$1.50TNT$1.36T

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flowNT$2.27TNT$1.83TNT$1.24TNT$1.61TNT$1.11TNT$822.67BNT$615.14BNT$573.95BNT$585.32BNT$539.83B
Capital expendituresNT$1.27TNT$956.01BNT$949.82BNT$1.08TNT$839.20BNT$507.24BNT$460.42BNT$315.58BNT$330.59BNT$328.05B
Free cash flowNT$1.00TNT$870.17BNT$292.15BNT$527.93BNT$272.96BNT$315.43BNT$154.72BNT$258.37BNT$254.73BNT$211.79B
Investing cash flow-NT$1.14T-NT$864.84B-NT$906.12B-NT$1.19T-NT$836.37B-NT$505.78B-NT$458.80B-NT$314.27B-NT$336.16B-NT$395.44B
Financing cash flow-NT$440.34B-NT$346.30B-NT$204.89B-NT$200.24BNT$136.61B-NT$88.62B-NT$269.64B-NT$245.12B-NT$215.70B-NT$157.80B
Dividends paidNT$466.78BNT$363.06BNT$291.72BNT$285.23BNT$265.79BNT$259.30BNT$259.30BNT$207.44BNT$181.51BNT$155.58B
Share repurchasesNT$0NT$3.09BNT$0-------
Stock-based compensationNT$1.25BNT$1.24BNT$483.00MNT$302.40MNT$7.80MNT$6.60MNT$2.80M---

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY31.6%33.9%-4.5%42.6%18.5%25.2%3.7%5.5%3.1%12.4%
Net income growth, YoY46.5%36.0%-14.2%67.6%16.0%44.3%-2.5%5.2%4.0%9.5%
EPS growth, YoY46.6%36.0%-14.2%67.6%15.9%44.3%-2.5%5.3%4.0%9.5%
Gross margin59.9%56.1%54.4%59.6%51.6%53.1%46.0%48.3%50.6%50.1%
Operating margin50.8%45.7%42.6%49.5%40.9%42.3%34.8%37.2%39.4%39.9%
Net margin44.6%40.0%39.4%43.9%37.3%38.1%33.1%35.2%35.3%35.0%
Free cash flow margin26.3%30.1%13.5%23.3%17.2%23.6%14.5%25.0%26.1%22.3%
Return on equity31.7%27.3%24.7%34.0%27.5%27.8%21.9%21.9%23.1%24.4%
Return on assets21.4%17.3%15.4%20.0%15.9%18.5%15.6%17.4%17.3%17.6%
Current ratio2.512.362.332.082.121.731.372.672.222.35
Debt to equity0.010.010.000.000.000.00----

Source: XBRL data Taiwan Semiconductor Manufacturing Company Ltd. files with the SEC, latest filing dated Apr 16, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

TSM peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TSMNT$3.81T+31.6%NT$1.70T44.6%$1.95T
NVDA$302.97B+83.4%$192.88B63.7%$4.50T
AVGO$89.10B+48.7%$38.27B42.9%$1.40T
MU$133.19B+256.3%$84.97B63.8%$780.68B
AMD$45.44B+41.9%$7.62B16.8%$736.46B
INTC$59.89B+12.1%-$12.03B-20.1%$299.10B
AMAT$30.84B+7.8%$9.27B30.1%$264.05B
TXN$20.77B+20.3%$7.11B34.3%$253.44B

TSM FAQ

9 questions
  • What is TSM revenue?
    Taiwan Semiconductor Manufacturing Company Ltd. (TSM) reported NT$3.81T of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 31.6% from the year before.
  • Is TSM profitable?
    Yes. Taiwan Semiconductor Manufacturing Company Ltd. earned NT$1.70T in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 44.6%.
  • How much cash and debt does TSM have?
    Taiwan Semiconductor Manufacturing Company Ltd. reported NT$2.77T in cash and cash equivalents and NT$39.83B of debt on its most recent balance sheet in SEC filings.
  • How fast is TSM revenue growing?
    Taiwan Semiconductor Manufacturing Company Ltd.'s revenue changed +31.6% in fiscal 2025, to NT$3.81T. Its compound annual growth rate was +23.3% over 5 years and +16.3% over 10 years.
  • What is TSM gross margin?
    Taiwan Semiconductor Manufacturing Company Ltd.'s gross profit was NT$2.28T on NT$3.81T of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 59.9%.
  • What is TSM free cash flow?
    Taiwan Semiconductor Manufacturing Company Ltd. generated NT$1.00T of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of NT$2.27T less capital expenditures.
  • What is TSM earnings per share?
    Diluted earnings per share were NT$65.47 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did TSM last report financial results?
    The latest statements here come from Taiwan Semiconductor Manufacturing Company Ltd.'s 20-F filed on Apr 16, 2026, covering the period ended Dec 31, 2025.
  • Where does this TSM financial data come from?
    Quantisnow builds these statements from the structured XBRL data Taiwan Semiconductor Manufacturing Company Ltd. files with the SEC. It is provided for information only and is not investment advice.