Taiwan Semiconductor Manufacturing Co LTD income statement

In fiscal 2025, Taiwan Semiconductor Manufacturing Co LTD reported revenue of $122.43bn, up 35.8% on the year before, operating income of $62.23bn (a 50.8% margin) and net income of $54.56bn, or $10.52 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Taiwan Semiconductor Manufacturing Co LTD: income statement, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	26.6	29.4	32.2	34.3	34.6	45.5	56.8	76.1	69.4	90.2	122.4
Cost of revenue	13.7	14.7	15.9	17.7	18.7	21.3	27.5	30.8	31.7	39.6	49.1
Gross profit	12.9	14.7	16.3	16.5	15.9	24.2	29.3	45.3	37.7	50.6	73.3
Research and development	2.1	2.2	2.7	2.9	3.0	3.7	4.5	5.5	5.9	6.4	7.9
Operating income	10.1	11.7	12.7	12.7	12.1	19.3	23.3	37.7	29.6	41.2	62.2
Interest expense	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.5	0.6	0.6	0.6
Income before tax	11.0	12.0	13.0	13.2	12.6	19.9	23.7	38.5	31.5	43.8	65.6
Income tax	1.5	1.7	1.7	1.1	1.2	2.5	2.5	5.1	4.1	7.7	11.1
Net income	9.5	10.3	11.4	12.1	11.5	17.3	21.2	33.4	27.4	36.1	54.6
Diluted EPS	$1.84	$1.99	$2.19	$2.32	$2.21	$3.35	$4.09	$6.44	$5.28	$6.96	$10.52
Diluted shares (average)	5,186m	5,186m	5,186m	5,186m	5,186m	5,186m	5,186m	5,186m	5,186m	5,186m	5,186m
EBITDA	17.1	18.7	21.2	22.5	21.3	30.5	38.4	52.4	46.7	61.8	84.3

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: MU vs TSM AVGO vs TSM INTC vs TSM NVDA vs TSM

More: Semiconductors stocks compared, Technology sector, rankings of US companies

Figures from Taiwan Semiconductor Manufacturing Co LTD's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Taiwan Semiconductor Manufacturing Co LTD.