Taiwan Semiconductor Manufacturing Company Limited (TSM)
NYSE: TSM · Real-Time Price · USD
451.07
+0.46 (0.10%)
Sep 28, 2026, 12:12 PM EDT - Market open
TSMC Income Statement
Financials in millions TWD. Fiscal year is January - December.
Millions TWD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
| 4,440,492 | 4,103,904 | 3,809,054 | 3,631,425 | 3,401,199 | 3,140,917 | 2,894,308 | 2,651,375 | 2,438,416 | 2,245,747 | 2,161,736 | 2,161,739 | 2,228,149 | 2,281,448 | 2,263,891 | 2,076,549 | 1,878,076 | 1,716,081 | 1,587,415 | 1,510,759 | |
Revenue Growth (YoY) | 30.56% | 30.66% | 31.61% | 36.96% | 39.48% | 39.86% | 33.89% | 22.65% | 9.44% | -1.57% | -4.51% | 4.10% | 18.64% | 32.95% | 42.61% | 37.45% | 29.30% | 23.36% | 18.53% | 16.66% |
Cost of Revenue | 1,588,357 | 1,564,710 | 1,527,760 | 1,489,740 | 1,408,711 | 1,337,674 | 1,269,954 | 1,207,632 | 1,137,376 | 1,042,632 | 986,625 | 929,211 | 921,765 | 919,796 | 915,537 | 886,624 | 845,904 | 813,180 | 767,878 | 726,804 |
Gross Profit | 2,852,136 | 2,539,194 | 2,281,294 | 2,141,685 | 1,992,488 | 1,803,243 | 1,624,354 | 1,443,743 | 1,301,040 | 1,203,115 | 1,175,111 | 1,232,528 | 1,306,384 | 1,361,652 | 1,348,355 | 1,189,925 | 1,032,172 | 902,901 | 819,537 | 783,955 |
Selling, General & Admin | 99,440 | 96,833 | 99,222 | 104,997 | 107,270 | 106,279 | 96,889 | 88,992 | 80,268 | 74,560 | 71,464 | 70,201 | 69,839 | 67,035 | 63,445 | 59,136 | 52,711 | 48,695 | 44,488 | 37,230 |
Research & Development | 269,503 | 257,636 | 246,427 | 238,801 | 227,842 | 214,620 | 204,182 | 197,361 | 195,715 | 189,322 | 182,370 | 176,547 | 168,387 | 166,371 | 163,262 | 150,914 | 138,803 | 130,027 | 124,735 | 122,437 |
Other Operating Expenses | -7,075 | -4,034 | -1,229 | -686.54 | -1,278 | 1,078 | 79.7 | -304.31 | 63.99 | -11.91 | -188.7 | -522.28 | -403.01 | -480.53 | -422.3 | 73.95 | 178.64 | 155.1 | 59 | -136.4 |
Operating Expenses | 361,868 | 350,435 | 344,420 | 343,111 | 333,834 | 321,977 | 301,150 | 286,048 | 276,046 | 263,870 | 253,645 | 246,226 | 237,823 | 232,925 | 226,285 | 210,124 | 191,692 | 178,877 | 169,282 | 159,530 |
Operating Income | 2,490,268 | 2,188,759 | 1,936,874 | 1,798,574 | 1,658,654 | 1,481,266 | 1,323,204 | 1,157,695 | 1,024,994 | 939,246 | 921,466 | 986,302 | 1,068,561 | 1,128,727 | 1,122,070 | 979,801 | 840,480 | 724,024 | 650,255 | 624,425 |
Interest Expense | -11,804 | -12,410 | -12,370 | -11,850 | -11,527 | -10,474 | -10,495 | -10,891 | -11,367 | -11,734 | -11,999 | -12,416 | -12,674 | -12,573 | -11,750 | -10,589 | -8,553 | -6,783 | -5,414 | -4,009 |
Interest & Investment Income | 114,595 | 109,742 | 105,739 | 100,505 | 96,926 | 92,714 | 87,213 | 80,349 | 73,342 | 66,035 | 60,294 | 53,472 | 44,492 | 34,366 | 22,422 | 13,298 | 8,039 | 5,922 | 5,709 | 5,899 |
Earnings From Equity Investments | 6,023 | 5,805 | 5,489 | 5,304 | 5,440 | 5,371 | 4,881 | 5,051 | 4,657 | 4,639 | 4,800 | 4,958 | 5,869 | 6,993 | 7,680 | 7,622 | 7,057 | 5,971 | 5,513 | 5,276 |
Currency Exchange Gain (Loss) | 21,674 | 16,472 | 13,831 | 9,933 | 3,375 | 10,342 | 10,001 | 4,738 | 3,744 | 555.96 | -2,685 | -3,192 | -6,149 | 2,719 | 4,506 | 9,673 | 17,147 | 9,932 | 13,663 | 6,940 |
Other Non Operating Income (Expenses) | -16,652 | -8,830 | -6,761 | -2,048 | 6,448 | -7,049 | -7,087 | 76.88 | -559.63 | 3,304 | 7,936 | 6,814 | 10,565 | 1,735 | 398 | -4,292 | -11,624 | -3,411 | -6,511 | 642.26 |
EBT Excluding Unusual Items | 2,604,103 | 2,299,538 | 2,042,801 | 1,900,417 | 1,759,315 | 1,572,169 | 1,407,716 | 1,237,019 | 1,094,811 | 1,002,046 | 979,810 | 1,035,939 | 1,110,664 | 1,161,967 | 1,145,325 | 995,513 | 852,546 | 735,654 | 663,215 | 639,173 |
Gain (Loss) on Sale of Investments | 62,962 | -197.12 | -196.3 | -478.26 | -559.68 | -658.7 | -725.9 | -401.88 | -439.87 | -461.12 | -493.9 | -496.89 | -472.34 | -451.81 | -462.5 | -472.1 | -344.75 | -60.13 | 95.9 | 305.86 |
Gain (Loss) on Sale of Assets | -0.01 | -0.01 | -168 | -167.99 | -167.99 | -167.99 | - | - | - | - | - | - | - | - | - | - | - | - | - | 188.9 |
Asset Writedown | 888.52 | -782 | -782 | -1,672 | -1,671 | -1,151 | -1,151 | -1,150 | -1,150 | - | - | 0.04 | 0.04 | 0.04 | -790.7 | -790.75 | -790.75 | -790.75 | -274.4 | -284.59 |
Pretax Income | 2,667,954 | 2,298,559 | 2,041,655 | 1,898,099 | 1,756,917 | 1,570,192 | 1,405,840 | 1,235,467 | 1,093,220 | 1,001,585 | 979,317 | 1,035,442 | 1,110,192 | 1,161,515 | 1,144,072 | 994,250 | 851,411 | 734,803 | 663,036 | 639,384 |
Income Tax Expense | 451,473 | 391,365 | 346,530 | 328,557 | 314,050 | 277,157 | 248,316 | 185,938 | 157,976 | 132,285 | 128,289 | 163,708 | 168,285 | 164,145 | 150,778 | 111,047 | 92,697 | 78,788 | 70,155 | 73,010 |
Earnings From Continuing Operations | 2,216,481 | 1,907,194 | 1,695,125 | 1,569,542 | 1,442,867 | 1,293,035 | 1,157,524 | 1,049,529 | 935,244 | 869,300 | 851,028 | 871,734 | 941,907 | 997,370 | 993,295 | 883,203 | 758,714 | 656,015 | 592,881 | 566,374 |
Minority Interest in Earnings | 327.42 | 1,326 | 2,479 | 2,388 | 2,020 | 1,424 | 856.3 | 1,013 | 1,040 | 938.39 | 712.3 | 348.87 | 41.57 | -193.38 | -371.3 | -525.46 | -643.7 | -613.54 | -521.4 | -441.29 |
Net Income | 2,216,808 | 1,908,520 | 1,697,604 | 1,571,931 | 1,444,887 | 1,294,459 | 1,158,380 | 1,050,542 | 936,285 | 870,238 | 851,740 | 872,083 | 941,949 | 997,177 | 992,923 | 882,678 | 758,070 | 655,402 | 592,359 | 565,933 |
Net Income to Common | 2,216,808 | 1,908,520 | 1,697,604 | 1,571,931 | 1,444,887 | 1,294,459 | 1,158,380 | 1,050,542 | 936,285 | 870,238 | 851,740 | 872,083 | 941,949 | 997,177 | 992,923 | 882,678 | 758,070 | 655,402 | 592,359 | 565,933 |
Net Income Growth (YoY) | 53.42% | 47.44% | 46.55% | 49.63% | 54.32% | 48.75% | 36.00% | 20.46% | -0.60% | -12.73% | -14.22% | -1.20% | 24.26% | 52.15% | 67.62% | 55.97% | 38.59% | 22.86% | 15.98% | 13.22% |
Shares Outstanding (Basic) | 25,930 | 25,929 | 25,928 | 25,927 | 25,927 | 25,927 | 25,928 | 25,928 | 25,929 | 25,929 | 25,929 | 25,929 | 25,929 | 25,929 | 25,929 | 25,929 | 25,930 | 25,930 | 25,930 | 25,930 |
Shares Outstanding (Diluted) | 25,932 | 25,931 | 25,931 | 25,930 | 25,929 | 25,929 | 25,930 | 25,930 | 25,930 | 25,929 | 25,929 | 25,929 | 25,929 | 25,929 | 25,929 | 25,930 | 25,930 | 25,930 | 25,930 | 25,930 |
Shares Change (YoY) | 0.01% | 0.01% | 0.00% | 0.00% | -0.00% | - | 0.00% | 0.00% | 0.00% | - | - | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | - | - |
EPS (Basic) | 85.49 | 73.61 | 65.47 | 60.63 | 55.73 | 49.93 | 44.68 | 40.52 | 36.11 | 33.56 | 32.85 | 33.63 | 36.33 | 38.46 | 38.29 | 34.04 | 29.24 | 25.28 | 22.84 | 21.83 |
EPS (Diluted) | 85.49 | 73.61 | 65.47 | 60.62 | 55.72 | 49.91 | 44.67 | 40.52 | 36.11 | 33.56 | 32.85 | 33.63 | 36.32 | 38.45 | 38.29 | 34.04 | 29.23 | 25.27 | 22.84 | 21.82 |
EPS Growth (YoY) | 53.43% | 47.48% | 46.56% | 49.62% | 54.31% | 48.71% | 35.99% | 20.48% | -0.58% | -12.71% | -14.21% | -1.20% | 24.26% | 52.16% | 67.64% | 56.00% | 38.57% | 22.84% | 15.96% | 13.20% |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 1,143,556 | 1,056,032 | 1,002,565 | 892,220 | 937,756 | 909,911 | 870,171 | 836,583 | 719,690 | 464,411 | 292,151 | 217,519 | 296,226 | 500,638 | 527,927 | 520,533 | 503,871 | 403,213 | 272,965 | 300,777 |
Free Cash Flow Per Share | 44.10 | 40.72 | 38.66 | 34.41 | 36.17 | 35.09 | 33.56 | 32.26 | 27.75 | 17.91 | 11.27 | 8.39 | 11.42 | 19.31 | 20.36 | 20.07 | 19.43 | 15.55 | 10.53 | 11.60 |
Dividend Per Share | 26.000 | 24.000 | 22.000 | 20.500 | 19.000 | 18.000 | 17.000 | 16.000 | 15.000 | 14.000 | 13.000 | 12.250 | 11.500 | 11.250 | 11.000 | 11.000 | 11.000 | 11.000 | 11.000 | 10.750 |
Dividend Growth (YoY) | 36.84% | 33.33% | 29.41% | 28.13% | 26.67% | 28.57% | 30.77% | 30.61% | 30.44% | 24.44% | 18.18% | 11.36% | 4.54% | 2.27% | 0% | 2.33% | 4.76% | 7.32% | 10.00% | 7.50% |
Gross Margin | 64.23% | 61.87% | 59.89% | 58.98% | 58.58% | 57.41% | 56.12% | 54.45% | 53.36% | 53.57% | 54.36% | 57.02% | 58.63% | 59.68% | 59.56% | 57.30% | 54.96% | 52.61% | 51.63% | 51.89% |
Operating Margin | 56.08% | 53.33% | 50.85% | 49.53% | 48.77% | 47.16% | 45.72% | 43.66% | 42.03% | 41.82% | 42.63% | 45.63% | 47.96% | 49.47% | 49.56% | 47.18% | 44.75% | 42.19% | 40.96% | 41.33% |
Profit Margin | 49.92% | 46.51% | 44.57% | 43.29% | 42.48% | 41.21% | 40.02% | 39.62% | 38.40% | 38.75% | 39.40% | 40.34% | 42.27% | 43.71% | 43.86% | 42.51% | 40.36% | 38.19% | 37.32% | 37.46% |
Free Cash Flow Margin | 25.75% | 25.73% | 26.32% | 24.57% | 27.57% | 28.97% | 30.06% | 31.55% | 29.52% | 20.68% | 13.51% | 10.06% | 13.30% | 21.94% | 23.32% | 25.07% | 26.83% | 23.50% | 17.20% | 19.91% |
EBITDA | 3,167,467 | 2,856,031 | 2,614,264 | 2,484,714 | 2,350,777 | 2,150,925 | 1,976,850 | 1,791,705 | 1,638,038 | 1,511,090 | 1,444,889 | 1,466,879 | 1,507,455 | 1,557,138 | 1,551,476 | 1,412,538 | 1,275,093 | 1,149,422 | 1,065,770 | 1,027,163 |
EBITDA Margin | 71.33% | 69.59% | 68.63% | 68.42% | 69.12% | 68.48% | 68.30% | 67.58% | 67.18% | 67.29% | 66.84% | 67.86% | 67.66% | 68.25% | 68.53% | 68.02% | 67.89% | 66.98% | 67.14% | 67.99% |
D&A For EBITDA | 677,200 | 667,272 | 677,391 | 686,140 | 692,123 | 669,659 | 653,647 | 634,010 | 613,044 | 571,845 | 523,424 | 480,577 | 438,894 | 428,412 | 429,407 | 432,738 | 434,613 | 425,398 | 415,515 | 402,738 |
EBIT | 2,490,268 | 2,188,759 | 1,936,874 | 1,798,574 | 1,658,654 | 1,481,266 | 1,323,204 | 1,157,695 | 1,024,994 | 939,246 | 921,466 | 986,302 | 1,068,561 | 1,128,727 | 1,122,070 | 979,801 | 840,480 | 724,024 | 650,255 | 624,425 |
EBIT Margin | 56.08% | 53.33% | 50.85% | 49.53% | 48.77% | 47.16% | 45.72% | 43.66% | 42.03% | 41.82% | 42.63% | 45.63% | 47.96% | 49.47% | 49.56% | 47.18% | 44.75% | 42.19% | 40.96% | 41.33% |
Effective Tax Rate | 16.92% | 17.03% | 16.97% | 17.31% | 17.88% | 17.65% | 17.66% | 15.05% | 14.45% | 13.21% | 13.10% | 15.81% | 15.16% | 14.13% | 13.18% | 11.17% | 10.89% | 10.72% | 10.58% | 11.42% |