
Taiwan Semiconductor Manufacturing Company Limited Income Statement 2024-2011 | TSM
Brief overview of financial performance at Taiwan Semiconductor Manufacturing Company Limited
The comparison covers a five-year financial horizon. According to figures from Taiwan Semiconductor Manufacturing Company Limited, revenue changed from 1.1 trillion TWD to 2.9 trillion TWD over five years. The cumulative result was +170.5%, corresponding to roughly 22% per year. Revenue growth reflects a pronounced phase of business expansion.
Gross profit changed from 493 billion TWD to 1.6 trillion TWD (+229.7%). Revenue outpaced cost of revenue, allowing more sales to flow into gross profit. Gross profit as a share of revenue changed from 46% to 56.1%. The expansion indicates stronger pricing power or better control of direct costs.
Over the period, EBITDA shifted from 373 billion TWD to 1.3 trillion TWD, a change of +254.7%. EBITDA expanded faster than the top line. EBITDA margin was 34.8% at the start and 45.7% at the end. The business generated more EBITDA from each unit of revenue.
Over the period, net income shifted from 354 billion TWD to 1.2 trillion TWD (+227%). Net income reached a five-year high at the end of the interval.
Market capitalization changed from 287 billion TWD to 3.8 trillion TWD (+1226.8%). Capitalization moved ahead of the business fundamentals.
What the figures show
The indicators form a favorable picture of business development. The financial profile benefits from a stronger gross margin, a larger revenue base and higher operating efficiency. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Taiwan Semiconductor Manufacturing Company Limited
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
3.81 T | 3.31 T | 2.36 T | 3.11 T | 554 B | 287 B | 175 B | 182 B | 162 B | 116 B | 118 B | 88.9 B | 92.3 B | 72.5 B |
Shares |
25.9 B | 25.9 B | 25.9 B | 25.9 B | 5.19 B | 5.19 B | 5.19 B | 5.19 B | 5.19 B | 5.19 B | 5.19 B | 5.19 B | 5.18 B | 5.18 B |
Historical Prices |
147 | 128 | 91.2 | 120 | 107 | 55.3 | 33.8 | 35 | 24.6 | 18.8 | 17.9 | 13.6 | 13 | 9.47 |
Net Income |
1.16 T | 851 B | 993 B | 593 B | 518 B | 354 B | 363 B | 345 B | 332 B | 303 B | 254 B | 184 B | 166 B | 134 B |
Revenue |
2.89 T | 2.16 T | 2.26 T | 1.59 T | 1.34 T | 1.07 T | 1.03 T | 977 B | 948 B | 844 B | 763 B | 597 B | 506 B | 427 B |
Cost of Revenue |
1.27 T | 987 B | 916 B | 768 B | 628 B | 577 B | 533 B | 483 B | 473 B | 433 B | - | - | - | - |
Gross Profit |
1.62 T | 1.18 T | 1.35 T | 820 B | 711 B | 493 B | 498 B | 495 B | 475 B | 410 B | 378 B | 281 B | 244 B | 194 B |
Operating Income |
1.32 T | 921 B | 1.12 T | 650 B | 567 B | 373 B | 384 B | 386 B | 378 B | 320 B | - | - | - | - |
EBITDA |
1.32 T | 921 B | 1.12 T | 650 B | 567 B | 373 B | 384 B | 386 B | 602 B | 544 B | 297 B | 210 B | 312 B | 249 B |
Operating Expenses |
- | - | - | - | 144 B | 119 B | 113 B | 108 B | 96.9 B | 88.7 B | 80.9 B | 71.4 B | 62.5 B | 52.5 B |
General and Administrative Expenses |
83.7 B | 60.9 B | 53.5 B | 36.9 B | 28.5 B | 21.7 B | 20.3 B | 21.2 B | 19.8 B | 17.3 B | 18.9 B | 18.9 B | 17.6 B | 14.2 B |
All numbers in TWD currency
Quarterly Income Statement Taiwan Semiconductor Manufacturing Company Limited
| 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
25.9 B | 25.9 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
1.16 T | 851 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
2.89 T | 2.16 T | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
1.27 T | 987 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
1.62 T | 1.18 T | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
1.32 T | 921 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
1.32 T | 921 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
83.7 B | 60.9 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in TWD currency
The income statement is one of the three key financial reports of a company Taiwan Semiconductor Manufacturing Company Limited (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.