# Taiwan Semiconductor Manufacturing Company Limited (TSM) > TSM · NYSE · Technology, semiconductors · Taiwan · IFRS · Fiscal year ends December > > Latest report: FY2025, the fiscal year ended 31 December 2025, released 16 April 2026. Snapshot FY2025_39e6450c. Page: https://annalist.io/company/tsmc/ Identifiers: LEI 549300KB6NK5SBD14S87, CIK 0001046179 ## Latest Figures | Figure | Value | Exact value | Unit | Change | Period | Period end | Source documents | | --- | --- | --- | --- | --- | --- | --- | --- | | Revenue, fiscal year | NT$3.81tn | 3809054300000 | TWD | +31.6% year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Operating profit, fiscal year | NT$1.94tn | 1936091700000 | TWD | +46.4% year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Net income, fiscal year | NT$1.70tn | 1697604000000 | TWD | +46.5% year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Diluted EPS, fiscal year | NT$65.47 | 65.47 | TWD/shares | +46.6% year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Operating margin, fiscal year | 50.8% | 50.8287 | % | +5.2pp year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Return on equity, fiscal year | 35.4% | 35.3693 | % | +5.2pp year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | - Operating margin: Operating income / revenue. - Return on equity: Net income attributable to the company / average shareholders' equity attributable to the company. ## Key Findings Each finding is a sentence written by a fixed rule from the figures; the mark in brackets is how the finding moved against the report before. - Revenue for the fiscal year ended 31 December 2025 was NT$3.81 trillion, 31.6% higher than in the previous fiscal year. [Weakened in FY2025] Sources: 20-F 2025-12. - Net income attributable to the company for fiscal 2025 was NT$1.70 trillion, 46.5% higher than in the previous fiscal year. [Strengthened in FY2025] Sources: 20-F 2025-12. - The operating margin for fiscal 2025 was 50.8%, 5.2 percentage points higher than a year earlier. [Strengthened in FY2025] Sources: 20-F 2025-12. - Return on equity for fiscal 2025 was 35.4%, against 30.2% a year earlier. [Strengthened in FY2025] Sources: 20-F 2025-12, 20-F 2024-12. - Free cash flow for fiscal 2025 was NT$1.00 trillion, and operating cash flow was 1.3 times net income attributable to the company. [Strengthened in FY2025] Sources: 20-F 2025-12. - Cash and short-term investments exceeded total debt by NT$2.69 trillion at 31 December 2025. [Strengthened in FY2025] Sources: 20-F 2025-12. - Lease-adjusted debt was 0.0 times adjusted EBITDA for fiscal 2025, and funds from operations equalled 3,107.5% of that debt. Both ratios are within the minimal band of the S&P standard volatility table. [Confirmed in FY2025] Sources: 20-F 2025-12. - Cash, short-term investments and operating cash flow for fiscal 2025 equalled 2.9 times the sum of debt due within 12 months, capital expenditure and dividends. [Confirmed in FY2025] Sources: 20-F 2025-12. - Operating cash flow for fiscal 2025 exceeded net income attributable to the company by an amount equal to 7.9% of average total assets. [Weakened in FY2025] Sources: 20-F 2025-12. - The Altman Z'' score for fiscal 2025 was 7.84, above the safe threshold of 2.60. [Strengthened in FY2025] Sources: 20-F 2025-12. - The Beneish M-score for fiscal 2025 was minus 2.77, below the model threshold of minus 1.78. [Confirmed in FY2025] Sources: 20-F 2025-12. - The Piotroski F-score for fiscal 2025 was 9 of 9. [Strengthened in FY2025] Sources: 20-F 2024-12, 20-F 2025-12. ## Fiscal Years | Fiscal year | Year end | Item | Value | Exact value | Unit | Source documents | | --- | --- | --- | --- | --- | --- | --- | | FY2025 | 2025-12-31 | Revenue | NT$3.81tn | 3809054300000 | TWD | 20-F 2025-12 | | FY2025 | 2025-12-31 | Operating profit | NT$1.94tn | 1936091700000 | TWD | 20-F 2025-12 | | FY2025 | 2025-12-31 | Profit attributable to owners of the parent | NT$1.70tn | 1697604000000 | TWD | 20-F 2025-12 | | FY2024 | 2024-12-31 | Revenue | NT$2.89tn | 2894307700000 | TWD | 20-F 2025-12 | | FY2024 | 2024-12-31 | Operating profit | NT$1.32tn | 1322053000000 | TWD | 20-F 2025-12 | | FY2024 | 2024-12-31 | Profit attributable to owners of the parent | NT$1.16tn | 1158380200000 | TWD | 20-F 2025-12 | | FY2023 | 2023-12-31 | Revenue | NT$2.16tn | 2161735800000 | TWD | 20-F 2025-12 | | FY2023 | 2023-12-31 | Operating profit | NT$921bn | 921465600000 | TWD | 20-F 2025-12 | | FY2023 | 2023-12-31 | Profit attributable to owners of the parent | NT$852bn | 851740000000 | TWD | 20-F 2025-12 | | FY2022 | 2022-12-31 | Revenue | NT$2.26tn | 2263891300000 | TWD | 20-F 2024-12 | | FY2022 | 2022-12-31 | Operating profit | NT$1.12tn | 1121278900000 | TWD | 20-F 2024-12 | | FY2022 | 2022-12-31 | Profit attributable to owners of the parent | NT$993bn | 992923400000 | TWD | 20-F 2024-12 | | FY2021 | 2021-12-31 | Revenue | NT$1.59tn | 1587415000000 | TWD | 20-F 2023-12 | | FY2021 | 2021-12-31 | Operating profit | NT$650bn | 649980900000 | TWD | 20-F 2023-12 | | FY2021 | 2021-12-31 | Profit attributable to owners of the parent | NT$592bn | 592359200000 | TWD | 20-F 2023-12 | ## Source Documents - 20-F 2025-12: 20-F for the year to 31 December 2025, 16 Apr 2026 (https://www.sec.gov/Archives/edgar/data/1046179/000162828026025362/tsm-20251231.htm) - 20-F 2024-12: 20-F for the year to 31 December 2024, 17 Apr 2025 (https://www.sec.gov/Archives/edgar/data/1046179/000119312525083423/d896993d20f.htm) - 20-F 2023-12: 20-F for the year to 31 December 2023, 18 Apr 2024 (https://www.sec.gov/Archives/edgar/data/1046179/000119312524099840/d592628d20f.htm) ## Reliability - 158 checks compare these figures with other official figures; 0 failed. - 0 values are withheld because the filings do not prove them; a withheld value is absent, never estimated. - Every earlier snapshot stays published: https://annalist.io/api/v1/companies/tsmc/snapshots.json ## Cite Annalist, Taiwan Semiconductor Manufacturing Company Limited, snapshot tsmc/FY2025_39e6450c; , ; source . 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