Taiwan Semiconductor Manufacturing Financial Statements
NYSE: TSMTechnologySemiconductorsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Taiwan Semiconductor Manufacturing revenue and earnings
In fiscal 2024, Taiwan Semiconductor Manufacturing generated $88.27 billion in revenue, up 25.0% from fiscal 2023. Net income was $35.33 billion (+27.0% year over year), for a net margin of 40.0% versus a median of 38.1% in the prior 5 years. Gross margin was 56.1% (up from 54.4%) and operating margin 45.7%.
Diluted earnings per share came in at $1.36, up from $1.07. Over the last 5 fiscal years, TSM's revenue has grown at a 19.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Taiwan Semiconductor Manufacturing income statement (annual)
| Fiscal year (USD) | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 88.27B | 70.60B | 73.67B | 57.22B | 47.69B | 35.77B | 33.70B | 32.98B |
| Revenue growth (YoY) | +25.03% | -4.17% | +28.74% | +19.98% | +33.32% | +6.16% | +2.18% | — |
| Cost of Revenue | 38.73B | 32.22B | 29.79B | 27.68B | 22.37B | 19.30B | 17.43B | 16.28B |
| Gross Profit | 49.54B | 38.38B | 43.88B | 29.54B | 25.33B | 16.47B | 16.27B | 16.69B |
| Operating Expenses | 9.22B | 8.28B | 7.39B | 6.11B | 5.14B | 4.01B | 3.73B | 3.69B |
| Research & Development | 6.23B | 5.96B | 5.31B | 4.50B | 3.90B | 3.06B | 2.81B | 2.72B |
| Operating Income | 40.32B | 30.09B | 36.49B | 23.43B | 20.18B | 12.46B | 12.53B | 13.01B |
| Interest Expense | 320.10M | 391.90M | 382.40M | 195.20M | 74.10M | 108.70M | 99.70M | 112.40M |
| Other Income (Expense) | -255.60M | 227.30M | -32.90M | -266.30M | 360.00M | -38.50M | -111.40M | 95.10M |
| Pretax Income | 42.87B | 31.98B | 37.23B | 23.90B | 20.82B | 13.03B | 12.99B | 13.37B |
| Income Tax | 7.57B | 4.19B | 4.91B | 2.53B | 2.63B | 1.20B | 1.13B | 1.72B |
| Net Income | 35.33B | 27.82B | 32.31B | 21.35B | 18.19B | 11.83B | 11.86B | 11.64B |
| Net Income growth (YoY) | +27.00% | -13.91% | +51.31% | +17.40% | +53.70% | -0.23% | +1.90% | — |
| EPS (Basic) | 1.36 | 1.07 | 1.25 | 0.82 | 0.70 | 0.46 | 0.46 | 0.45 |
| EPS (Diluted) | 1.36 | 1.07 | 1.25 | 0.82 | 0.70 | 0.46 | 0.46 | 0.45 |
| Shares Outstanding (Basic) | 25.93B | 25.93B | 25.93B | 25.93B | 25.93B | 25.93B | 25.93B | 25.93B |
| Shares Outstanding (Diluted) | 25.93B | 25.93B | 25.93B | 25.93B | 25.93B | — | — | 25.93B |
| 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% |
| Net Margin | 40.02% | 39.40% | 43.86% | 37.32% | 38.14% | 33.08% | 35.20% | 35.30% |
This table shows 8 annual periods of Taiwan Semiconductor Manufacturing's income statement, from FY 2024 back to FY 2017, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow TSM's reporting calendar. What is a income statement?