TTM
53.2%
YoY change
+5.14pp
Trough year (2001)
6.3%
Peak year (2025)
50.8%
Latest annual
50.8%
Operating Margin history chart for TSMC (TSM) from 1997 to 2025
Latest: 50.8%
Operating Margin change chart for TSMC (TSM) from 1997 to 2025
Latest: +5.14pp
Operating Margin history table for TSMC (TSM) from 1997 to 2025
| 2025 | 50.8% | +5.14pp | ||
| 2024 | 45.7% | +3.05pp | ||
| 2023 | 42.6% | -6.90pp | ||
| 2022 | 49.5% | +8.58pp | ||
| 2021 | 40.9% | -1.37pp | ||
| 2020 | 42.3% | +7.49pp | ||
| 2019 | 34.8% | -2.36pp | ||
| 2018 | 37.2% | -2.25pp | ||
| 2017 | 39.4% | -0.43pp | ||
| 2016 | 39.9% | +1.93pp | ||
| 2015 | 37.9% | -0.84pp | ||
| 2014 | 38.8% | +3.60pp | ||
| 2013 | 35.2% | -0.56pp | ||
| 2012 | 35.8% | +2.60pp | ||
| 2011 | 33.2% | -4.79pp | ||
| 2010 | 37.9% | +6.85pp | ||
| 2009 | 31.1% | -0.25pp | ||
| 2008 | 31.3% | -2.90pp | ||
| 2007 | 34.2% | -5.85pp | ||
| 2006 | 40.1% | +5.97pp | ||
| 2005 | 34.1% | -0.27pp | ||
| 2004 | 34.4% | +9.13pp | ||
| 2003 | 25.3% | +5.80pp | ||
| 2002 | 19.5% | +13.14pp | ||
| 2001 | 6.3% | -30.55pp | ||
| 2000 | 36.9% | +7.70pp | ||
| 1999 | 29.2% | +1.81pp | ||
| 1998 | 27.4% | -6.61pp | ||
| 1997 | 34.0% | — |
- 202550.8%+5.14pp
- 202445.7%+3.05pp
- 202342.6%-6.90pp
- 202249.5%+8.58pp
- 202140.9%-1.37pp
- 202042.3%+7.49pp
- 201934.8%-2.36pp
- 201837.2%-2.25pp
- 201739.4%-0.43pp
- 201639.9%+1.93pp
- 201537.9%-0.84pp
- 201438.8%+3.60pp
- 201335.2%-0.56pp
- 201235.8%+2.60pp
- 201133.2%-4.79pp
- 201037.9%+6.85pp
- 200931.1%-0.25pp
- 200831.3%-2.90pp
- 200734.2%-5.85pp
- 200640.1%+5.97pp
- 200534.1%-0.27pp
- 200434.4%+9.13pp
- 200325.3%+5.80pp
- 200219.5%+13.14pp
- 20016.3%-30.55pp
- 200036.9%+7.70pp
- 199929.2%+1.81pp
- 199827.4%-6.61pp
- 199734.0%—
Operating Margin values are taken from TSMC's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in TWD as filed.
About Operating Margin at TSMC (TSM)
According to TSMC's latest reported financial statements, the company's latest reported operating margin is 53.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, TSMC (TSM) operating margin totalled 50.82% – expanded 5.1 percentage points year-over-year.
The record annual operating margin stands at 50.82%, reached in 2025; the historical low of 6.33% was recorded in 2001.
TSMC Operating Margin by Year
TSMC Operating Margin 2025: 50.8%
TSMC operating margin in 2025 was 50.82%, expanded 5.1 percentage points from 2024. This figure represents the highest annual value in the available history.
TSMC Operating Margin 2024: 45.7%
2024's operating margin for TSMC came in at 45.68%, expanded 3.1 percentage points from 2023.
TSMC Operating Margin 2023: 42.6%
TSMC posted operating margin of 42.63% in 2023, contracted 6.9 percentage points from 2022.
TSMC Operating Margin 2022: 49.5%
In 2022, TSMC reported operating margin of 49.53%, expanded 8.6 percentage points from 2021.
TSMC Operating Margin 2021: 40.9%
TSMC operating margin in 2021 was 40.95%.
See more financial history for TSMC (TSM).
Sector peers by Operating Margin
Technology peers of TSMC (TSM), ranked by their latest operating margin
| 64.0% | |
| 48.5% | |
| 46.8% | |
| 43.7% | |
| 34.8% | |
| 32.6% | |
| 30.8% | |
| 11.7% |
- 64.0%
- 46.8%
- 43.7%
- 34.8%
- 32.6%
- 30.8%
- 11.7%
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