Taiwan Semiconductor Manufacturing Company Limited (TSM): gross margin, 10 filed years
Gross margin at Taiwan Semiconductor Manufacturing Company Limited was 59.9% in FY2025, the newest filed year. Across the 10 computed years from FY2016 it ranged from 46.0% (FY2019) to 59.9% (FY2025), with a median of 52.4%.
Tonight's figure on the company page: 59.9%, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.
Year by year
| Fiscal year | Gross margin | Read from |
|---|---|---|
| FY2016 | 50.1% | 20-F, filed 2018-04-19 |
| FY2017 | 50.6% | 20-F, filed 2018-04-19 |
| FY2018 | 48.3% | 20-F, filed 2019-04-17 |
| FY2019 | 46.0% | 20-F, filed 2020-04-15 |
| FY2020 | 53.1% | 20-F, filed 2021-04-16 |
| FY2021 | 51.6% | 20-F, filed 2022-04-14 |
| FY2022 | 59.6% | 20-F, filed 2023-04-20 |
| FY2023 | 54.4% | 20-F, filed 2024-04-18 |
| FY2024 | 56.1% | 20-F, filed 2025-04-17 |
| FY2025 | 59.9% | period ended 2025-12-31 |
How each year is computed
Gross profit / revenue x 100
Each year is a ratio of lines in that year's filed annual report, with the nightly recompute's own rules for what counts as a filed line. Nothing is estimated, smoothed or filled in: a year that cannot be computed says why.
Read further
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.