Taiwan Semiconductor Manufacturing Company Limited (TSM): operating margin, 10 filed years
Operating margin at Taiwan Semiconductor Manufacturing Company Limited was 50.8% in FY2025, the newest filed year. Across the 10 computed years from FY2016 it ranged from 34.8% (FY2019) to 50.8% (FY2025), with a median of 41.6%.
Tonight's figure on the company page: 50.8%, 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 | Operating margin | Read from |
|---|---|---|
| FY2016 | 39.9% | 20-F, filed 2018-04-19 |
| FY2017 | 39.5% | 20-F, filed 2018-04-19 |
| FY2018 | 37.2% | 20-F, filed 2019-04-17 |
| FY2019 | 34.8% | 20-F, filed 2020-04-15 |
| FY2020 | 42.3% | 20-F, filed 2021-04-16 |
| FY2021 | 41.0% | 20-F, filed 2022-04-14 |
| FY2022 | 49.5% | 20-F, filed 2023-04-20 |
| FY2023 | 42.6% | 20-F, filed 2024-04-18 |
| FY2024 | 45.7% | 20-F, filed 2025-04-17 |
| FY2025 | 50.8% | period ended 2025-12-31 |
How each year is computed
Operating income / 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.