Taiwan Semiconductor Manufacturing Company Ltd.

TSM Technology Semiconductors

Taiwan Semiconductor Manufacturing Company Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $121.4 billion, up 37.6% from fiscal 2024.

Revenue
+32.7%
EPS
+74.5%
Free cash flow
+24.6%
Total debt
+2.92%

Quarter to June 2026, against a year earlier

374.48 21.38 +6.05%
Market cap
$1.83T
P/E
25.7×
Fwd P/E
—
Dividend yield
1.06%
F-score
8/9
Altman Z
14.22
Beneish M
−1.87
Dividend safety
80/100

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Operating margin

Alert me on Operating margin

Taiwan Semiconductor Manufacturing Company Ltd.'s operating margin over the twelve months to 30 June 2026 was 56.1%, up 5.2 percentage points from fiscal 2025 (50.8%). Over the past ten years it has ranged from 34.8% (fiscal 2019) to 50.8% (fiscal 2025) — the current reading is the highest in ten years. That is above the Semiconductors industry median of 5.47% and above the Technology sector median of 0.02%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 50.8% 5.15
FY2024 45.7% 3.05
FY2023 42.6% (6.90)
FY2022 49.5% 8.58
FY2021 41.0% (1.37)
FY2020 42.3% 7.49
FY2019 34.8% (2.37)
FY2018 37.2% (2.25)
FY2017 39.5% (0.42)
FY2016 39.9% 1.93

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 60.3% 2.24
Mar 2026 58.1% 4.07
Dec 2025 54.0% 3.45
Sep 2025 50.6% 0.95
42 more quarters

Against its own ten years

Low 34.8% High 50.8%
Ten-year median 41.0%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
MU Micron Technology, Inc. compare 74.6%
NVDA NVIDIA Corporation compare 65.2%
TSM Taiwan Semiconductor Manufacturing Company Ltd. 56.1%
AVGO Broadcom Inc. compare 48.1%
TXN Texas Instruments Incorporated compare 40.8%
AMD Advanced Micro Devices, Inc. compare 17.7%
ARM ARM Holdings PLC Sponsored ADR compare 17.0%
INTC Intel Corporation compare 2.94%
SKHY SK Hynix, Inc. - Sponsored ADR compare —
Semiconductors industry median 5.47%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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