Taiwan Semiconductor Manufacturing Company Limited (TSM) — Financial statements
Income statement, balance sheet, and cash flow for Taiwan Semiconductor Manufacturing Company Limited — annual and quarterly history with growth and margin analysis.
| Metric (TWD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,848,511↑33.0% | 2,894,308↑33.9% | 2,161,736↓4.5% | 2,263,891↑42.6% | 1,587,415 | |
| Cost of Revenue | 1,543,586↑21.5% | 1,269,954↑28.7% | 986,625↑7.8% | 915,537↑19.2% | 767,878 | |
| Gross Profit | 2,304,925↑41.9% | 1,624,354↑38.2% | 1,175,111↓12.8% | 1,348,355↑64.5% | 819,537 | |
| Operating Expenses | ||||||
| R&D Expenses | 248,980↑21.9% | 204,182↑12.0% | 182,370↑11.7% | 163,262↑30.9% | 124,735 | |
| General & Administrative Expenses | 87,220↑4.1% | 83,745↑37.6% | 60,873↑13.7% | 53,525↑44.9% | 36,930 | |
| Selling & Marketing Expenses | 13,029↓0.9% | 13,144↑24.1% | 10,591↑6.8% | 9,921↑31.2% | 7,559 | |
| SG&A Expenses | 100,250↑3.5% | 96,889↑35.6% | 71,464↑12.6% | 63,445↑42.6% | 44,488 | |
| Other Expenses | -0.00↓100.0% | 1,230↑750.8% | -189↓151.3% | 368↑10.5% | 333 | |
| Operating Expenses | 349,229↑15.5% | 302,301↑19.2% | 253,645↑11.7% | 227,076↑33.9% | 169,556 | |
| Total Costs & Expenses | 1,892,815↑20.4% | 1,572,255↑26.8% | 1,240,270↑8.5% | 1,142,612↑21.9% | 937,434 | |
| Operating Results | ||||||
| Operating Income | 1,955,696↑47.9% | 1,322,053↑43.5% | 921,466↓17.8% | 1,121,279↑72.5% | 649,981 | |
| Depreciation & Amortization | 695,224↑4.9% | 662,796↑24.5% | 532,191↑21.7% | 437,254↑3.5% | 422,395 | |
| EBITDA | 2,752,482↑38.7% | 1,984,849↑30.3% | 1,523,507↓4.4% | 1,593,077↑46.0% | 1,090,845 | |
| EBIT | 2,057,258↑55.6% | 1,322,053↑33.4% | 991,316↓14.2% | 1,155,822↑72.9% | 668,450 | |
| Interest & Other Income | ||||||
| Net Interest Income | 94,335↑23.0% | 76,718↑58.9% | 48,294↑352.5% | 10,672↑3522.6% | 295 | |
| Interest Income | 94,335↑8.2% | 87,213↑44.6% | 60,294↑168.9% | 22,422↑292.8% | 5,709 | |
| Interest Expense | 0.00↓100.0% | 10,495↓12.5% | 11,999↑2.1% | 11,750↑117.0% | 5,414 | |
| Non-Operating Income | -101,562↓8727.8% | -1,150↑98.4% | -69,850↓102.2% | -34,543↓87.0% | -18,469 | |
| Other Income / Expenses | 107,116↑27.8% | 83,786↑45.2% | 57,705↑153.2% | 22,793↑74.6% | 13,055 | |
| Income Before Tax | 2,062,812↑46.7% | 1,405,839↑43.6% | 979,171↓14.4% | 1,144,072↑72.6% | 663,036 | |
| Income Tax Expense | 329,646↑32.8% | 248,316↑93.6% | 128,289↓14.9% | 150,778↑114.9% | 70,155 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,733,166↑49.7% | 1,157,524↑36.0% | 851,028↓14.3% | 993,295↑67.5% | 592,881 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,735,678↑49.8% | 1,158,380↑36.0% | 851,740↓14.2% | 992,923↑67.6% | 592,359 | |
| Bottom-Line Net Income | 1,735,678↑49.8% | 1,158,380↑36.0% | 851,740↓14.2% | 992,923↑67.6% | 592,359 | |
| EPS (Basic) | 334.60↑49.8% | 223.40↑36.0% | 164.25↓14.2% | 191.45↑67.6% | 114.20 | |
| EPS (Diluted) | 334.65↑49.8% | 223.35↑36.0% | 164.25↓14.2% | 191.45↑67.6% | 114.20 | |
| Weighted Average Shares | 5,187↑0.0% | 5,186↓0.0% | 5,186↑0.0% | 5,186↓0.0% | 5,186 | |
| Weighted Average Diluted Shares | 5,186↑0.0% | 5,186↓0.0% | 5,186↓0.0% | 5,186↓0.0% | 5,186 | |
* All figures in Millions of TWD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.