Taiwan Semiconductor Manufacturing Company
Financial Performance
TSMC Revenue & Financials
Revenue
~$121.9B (FY2025)
Market Cap
$2.01T
Net Income
~$54.3B
Employees
90,557
What is TSMC's revenue?
TSMC had ~$121.9B in revenue for fiscal year 2025, up 31.6% from 2024. Net income was ~$54.3B.
- Latest revenue
- ~$121.9B (FY2025)
- Year-over-year
- +31.6%
- Growth rate (CAGR)
- 16.3% over 10 years
- Peak revenue
- ~$121.9B (FY2025)
- Years of data
- 11
- Employees
- 90,557
- How much profit does TSMC make?
- TSMC reported net income of ~$54.3B for fiscal year 2025. stockanalysis.com
- How many employees does TSMC have?
- TSMC has about 90,557 employees.
Financial Analysis
TSMC's results are being driven by AI accelerators and high-performance computing. FY2025 revenue reached NT$3.81 trillion ($121.4 billion), with net income attributable to shareholders of NT$1.70 trillion ($54.1 billion). Growth sped up in 2026: Q2 2026 revenue was NT$1,270.38 billion ($40.20 billion), up 36.0% year over year, and net income was ~$22.6 billion (NT$706.56 billion), up 77.4%. Gross margin reached 67.7% and operating margin 60.3% in the quarter. Q2 non-operating income included ~$2.02 billion (NT$63.20 billion) of gains on Vanguard International Semiconductor (VIS) shares, so part of the profit jump was one-off. Q3 2026 results are scheduled for October 15, 2026. Taiwan Semiconductor Manufacturing Company (TSMC) is the world's most valuable semiconductor company, boasting a massive market valuation that often surpasses $700 billion.
Revenue Trend Analysis
YoY Change
+31.6%
10-Year CAGR
+16.3%
Peak Year
2025
Trend
Consistent Growth
Taiwan Semiconductor Manufacturing Company has 11 full fiscal year figures on this page, compounding at +16.3% annually over 10 years. The most recent year saw a 31.6% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at ~$121.9B. Of 10 comparable year-over-year steps, 9 showed growth and 1 showed a decline.
Annual revenue history
Click any row to see year details.
Taiwan Semiconductor Manufacturing Company balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 20-F, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2024ended Dec 31, 2024 | ~$58.4B | ~$30.6B | ~$214.1B | ~$77.2B | ~$135.8B | ~$27.8B | Form 20-F |
| FY2023ended Dec 31, 2023 | ~$39.7B | ~$30.4B | ~$177B | ~$66.5B | ~$109.7B | ~$9.3B | Form 20-F |
| FY2022ended Dec 31, 2022 | ~$51.5B | ~$34.6B | ~$158.9B | ~$65.5B | ~$92.9B | ~$16.9B | Form 20-F |
| FY2021ended Dec 31, 2021 | ~$35.6B | ~$26.9B | ~$119.2B | ~$50.4B | ~$68.8B | ~$8.7B | Form 20-F |
| FY2020ended Dec 31, 2020 | ~$26.3B | ~$16.2B | ~$88.3B | ~$29.6B | ~$58.7B | ~$10.1B | Form 20-F |
| FY2019ended Dec 31, 2019 | ~$19.7B | ~$14.7B | ~$72.5B | ~$20.8B | ~$51.6B | ~$5B | Form 20-F |
| FY2018ended Dec 31, 2018 | ~$18.4B | ~$10.1B | ~$66.9B | ~$13.7B | ~$53.1B | ~$8.3B | Form 20-F |
| FY2017ended Dec 31, 2017 | ~$18.7B | ~$10.6B | ~$63.7B | ~$15.9B | ~$47.8B | ~$8.2B | Form 20-F |
| FY2016ended Dec 31, 2016 | ~$17.3B | ~$10.5B | ~$60.4B | ~$16.8B | ~$43.5B | ~$6.8B | Form 20-F |
Keep researching TSMC
TSMC Revenue and Financial FAQ
What were TSMC's total revenues and net income for FY2025?
TSMC reported record consolidated net revenue of NT$3.809 trillion ($121.423 billion USD) in FY2025, with net income attributable to shareholders of NT$1.70 trillion ($54.116 billion USD), propelled by booming AI infrastructure demand.
What were TSMC's gross margin and operating margin for 2025?
TSMC maintained industry-leading profitability, achieving a gross margin above 58% for the full year 2025 and exceeding 65% in mid-2026 quarters, alongside operating profit margins hovering near 48–53%.
How fast has TSMC's quarterly revenue grown in 2026?
In Q2 2026, TSMC generated NT$1.27 trillion ($40.20 billion USD) in revenue, surging 36.0% year-over-year, with quarterly net income climbing 77.4% to approximately NT$706.56 billion ($22.6 billion USD).
How much does TSMC spend on annual capital expenditures (CapEx)?
TSMC's annual CapEx budget ranges between $30 billion and $36 billion, dedicated to procuring ASML EUV scanners, outfitting 2nm cleanrooms in Hsinchu and Kaohsiung, and expanding overseas fabs in Arizona and Kumamoto.
What is TSMC's quarterly dividend distribution policy?
TSMC distributes a sustainable and steadily increasing quarterly cash dividend, returning over 70% of free cash flow to shareholders annually and consistently raising its payout in New Taiwan Dollars.
How much cash and liquid assets does TSMC maintain on its balance sheet?
TSMC holds an exceptionally fortress-like balance sheet with over NT$2.4 trillion (approx. $75–80 billion USD) in cash, cash equivalents, and marketable securities, insulating operations from technological downturns.
What is TSMC's Return on Equity (ROE) and Return on Invested Capital (ROIC)?
TSMC generates a world-class ROE typically between 28% and 34% and an ROIC exceeding 25%, demonstrating that its massive capital investments earn returns far in excess of its weighted average cost of capital.
How many silicon wafers does TSMC manufacture each year?
TSMC manufactures over 15 to 16 million 12-inch equivalent silicon wafers annually across its GigaFabs, representing the vast majority of the world's advanced sub-7nm processed silicon capacity.
How does currency exchange (USD to TWD) affect TSMC's reported earnings?
Because TSMC invoices virtually all of its leading-edge wafer sales in US dollars while paying a majority of employee salaries and local operational costs in New Taiwan Dollars (NTD), a 1% depreciation of the NTD against the USD lifts gross margin by approximately 40 basis points.
What is TSMC's research and development (R&D) expenditure?
TSMC invests approximately 8% to 9% of total revenue into R&D (over $9 billion to $10 billion USD annually), employing thousands of scientists developing sub-2nm nodes, carbon nanotubes, and advanced packaging.
What are TSMC's credit ratings from global rating agencies?
TSMC holds top-tier credit ratings: "Aa3" from Moody's and "AA-" from S&P Global, tied with or constrained only by Taiwan's sovereign credit rating ceiling.
What was the one-off profit contributor in TSMC's Q2 2026 results?
Q2 2026 non-operating income included approximately NT$63.20 billion ($2.02 billion USD) in capital gains from the divestment and revaluation of shares in Vanguard International Semiconductor (VIS).
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "TSMC Revenue & Financials." CorpDigest, https://corpdigest.com/company/tsmc/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>TSMC reported ~$121.9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/tsmc/financials" target="_blank" rel="noopener">CorpDigest — TSMC financials</a></div>Related Financial Audits
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