Taiwan Semiconductor Manufacturing Company Limited (TSM) Earnings History
Annual and quarterly earnings data from 1997 to 2025
Loading earnings history...
EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 59.9% | 50.8% | 45.1% |
| 2024 | 56.1% | 45.7% | 40.0% |
| 2023 | 54.4% | 42.6% | 39.4% |
| 2022 | 59.6% | 49.5% | 43.9% |
| 2021 | 51.6% | 40.9% | 37.3% |
Download Data
Export TSM earnings history in CSV or JSON format
Free sign-in required to download data
Taiwan Semiconductor Manufacturing Company Limited (TSM) Earnings Overview
As of February 28, 2026, Taiwan Semiconductor Manufacturing Company Limited (TSM) reported trailing twelve-month net income of $1.72T, reflecting +0.5% year-over-year growth. The company earned $332.16 per diluted share over the past four quarters, with a net profit margin of 0.5%.
Looking at the long-term picture, TSM's 5-year EPS compound annual growth rate (CAGR) stands at +27.7%, indicating exceptional earnings growth. The company achieved its highest annual net income of $1.74T in fiscal 2025, representing a new all-time high.
Taiwan Semiconductor Manufacturing Company Limited maintains positive profitability with a gross margin of 0.6%, operating margin of 0.5%, and net margin of 0.5%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including GFS ($885M net income, 0.1% margin), UMC ($48.92B net income, 0.2% margin), TSEM ($220M net income, 0.1% margin), TSM has outperformed on profitability metrics. Compare TSM vs GFS →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
29 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.74T | +49.8% | $1.96T | $334.65 | 45.1% | 50.8% |
| 2024 | $1.16T | +36.0% | $1.32T | $223.35 | 40.0% | 45.7% |
| 2023 | $851.74B | -14.2% | $921.47B | $164.25 | 39.4% | 42.6% |
| 2022 | $992.92B | +67.6% | $1.12T | $191.45 | 43.9% | 49.5% |
| 2021 | $592.36B | +16.0% | $649.98B | $114.20 | 37.3% | 40.9% |
| 2020 | $510.74B | +44.3% | $566.78B | $98.50 | 38.1% | 42.3% |
| 2019 | $353.95B | -2.5% | $372.70B | $68.25 | 33.1% | 34.8% |
| 2018 | $363.05B | +5.2% | $383.62B | $70.00 | 35.2% | 37.2% |
| 2017 | $345.00B | +4.0% | $385.56B | $66.50 | 35.3% | 39.4% |
| 2016 | $331.71B | +9.5% | $377.96B | $63.95 | 35.0% | 39.9% |
See TSM's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs TSM Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare TSM vs NVDA
See how TSM stacks up against sector leader NVIDIA Corporation.
Start ComparisonFrequently Asked Questions
Is TSM growing earnings?
TSM EPS of $332.16 reflects slowing growth at +0.5%, below the 5-year CAGR of +27.7%. TTM net income is $1.7T. Expansion rate has moderated.
What are TSM's profit margins?
Taiwan Semiconductor Manufacturing Company Limited net margin is +0.5%, with operating margin at +0.5%. Below-average margins reflect competitive or cost pressures.
How consistent are TSM's earnings?
TSM earnings data spans 1997-2025. The current earnings trend is +0.5% YoY. Historical data enables comparison across business cycles.