Taiwan Semiconductor Manufacturing Company Limited (TSM) Earnings History
Annual and quarterly earnings data from 1997 to 2025
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TSM EPS Growth (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.
TSM 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% |
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Taiwan Semiconductor Manufacturing Company Limited (TSM) Earnings Overview
As of May 6, 2026, Taiwan Semiconductor Manufacturing Company Limited (TSM) reported trailing twelve-month net income of $1.72T, reflecting +49.8% year-over-year growth. The company earned $332.16 per diluted share over the past four quarters, with a net profit margin of 45.1%.
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 industry-leading profitability with a gross margin of 59.9%, operating margin of 50.8%, and net margin of 45.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including INTC (-$3.17B net income, -0.5% margin), GFS ($885M net income, 13.0% margin), UMC ($50.11B net income, 17.6% margin), TSM has outperformed on profitability metrics. Compare TSM vs INTC →
TSM Earnings vs Peers
Earnings metrics vs comparable public companies
TSM Historical Earnings Data (1997–2025)
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% |
Full TSM Stock Analysis
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Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.
Start ComparisonTSM — Frequently Asked Questions
Quick answers to the most common questions about buying TSM stock.
Is TSM growing earnings?
TSM EPS is $332.16, with earnings growth accelerating to +49.8%. This exceeds the 5-year CAGR of +27.7%. TTM net income reached $1.7T.
What are TSM's profit margins?
Taiwan Semiconductor Manufacturing Company Limited net margin is +45.1%, with operating margin at +50.8%. Above-average margins indicate pricing power.
How consistent are TSM's earnings?
TSM earnings data spans 1997-2025. The accelerating earnings trend is +49.8% YoY. Historical data enables comparison across business cycles.