Taiwan Semiconductor Manufacturing Company Limited income statement TSM

Annual Quarterly

In fiscal 2024, which ended Dec 31, 2024, Taiwan Semiconductor Manufacturing Company Limited reported revenue of $88.3 billion, up 25.0% from the year before. Net income was $35.3 billion, a profit margin of 40.0%. Operating income came to $40.3 billion, an operating margin of 45.7%. Diluted earnings per share were $1.36. Across the 8 fiscal years shown, revenue grew from $33.0 billion in fiscal 2017 to $88.3 billion in fiscal 2024, about 15.1% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
Revenue
88,268
+25.0%
70,599
-4.2%
73,670
+28.7%
57,225
+20.0%
47,694
+33.3%
35,774
+6.2%
33,697
+2.2%
32,977
Cost of revenue
38,730
+20.2%
32,222
+8.2%
29,793
+7.6%
27,681
+23.8%
22,369
+15.9%
19,301
+10.7%
17,429
+7.0%
16,283
Gross profit
49,538
+29.1%
38,377
-12.5%
43,878
+48.5%
29,544
+16.7%
25,325
+53.7%
16,473
+1.3%
16,265
-2.6%
16,694
Research and development
6,227
+4.6%
5,956
+12.1%
5,313
+18.2%
4,497
+15.3%
3,899
+27.6%
3,056
+8.9%
2,806
+3.0%
2,724
Selling, general and administrative
2,554
+28.5%
1,988
+14.1%
1,742
+30.8%
1,331
+31.4%
1,013
+39.5%
727
+9.8%
662
—
Operating income
40,319
+34.0%
30,094
-17.5%
36,488
+55.7%
23,431
+16.1%
20,185
+62.0%
12,461
-0.6%
12,533
-3.7%
13,008
Pretax income
42,874
+34.1%
31,983
-14.1%
37,230
+55.8%
23,902
+14.8%
20,824
+59.8%
13,034
+0.4%
12,987
-2.8%
13,366
Income tax
7,573
+80.8%
4,190
-14.6%
4,906
+94.0%
2,529
-3.7%
2,626
+119.2%
1,198
+6.5%
1,125
-34.8%
1,725
Net income
35,301
+27.0%
27,793
-14.0%
32,323
+51.2%
21,373
+17.4%
18,198
+53.7%
11,836
-0.2%
11,862
+1.9%
11,641
Basic EPS
1.36
+27.1%
1.07
-14.4%
1.25
+52.4%
0.82
+17.1%
0.70
+52.2%
0.46
+0.0%
0.46
+2.2%
0.45
Diluted EPS
1.36
+27.1%
1.07
-14.4%
1.25
+52.4%
0.82
+17.1%
0.70
+52.2%
0.46
+0.0%
0.46
+2.2%
0.45
Weighted average shares, basic
25,928
-0.0%
25,929
+0.0%
25,929
-0.0%
25,930
+0.0%
25,930
+0.0%
25,930
+0.0%
25,930
+0.0%
—
Weighted average shares, diluted
25,930
+0.0%
25,929
-0.0%
25,929
—
—
—
—
25,930
Other measures
Interest coverage
125.96x
76.79x
95.42x
120.04x
272.40x
114.63x
125.70x
115.73x
Margins
Gross margin
56.12%
54.36%
59.56%
51.63%
53.10%
46.05%
48.27%
50.62%
Operating margin
45.68%
42.63%
49.53%
40.95%
42.32%
34.83%
37.19%
39.45%
Pretax margin
48.57%
45.30%
50.54%
41.77%
43.66%
36.44%
38.54%
40.53%
Profit margin
39.99%
39.37%
43.88%
37.35%
38.16%
33.09%
35.20%
35.30%
Effective tax rate
17.66%
13.10%
13.18%
10.58%
12.61%
9.19%
8.66%
12.90%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry
Semiconductors & Related Devices (SIC 3674)
Listed as
TSM (NYSE), TSMWF (OTC)
Fiscal year ends
December 31
Headquarters
Hsinchu
SEC filer status
Large accelerated filer
SEC CIK
1046179

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.