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How Taiwan Semiconductor Manufacturing (TSM) makes money
Taiwan Semiconductor Manufacturing (TSM) made $2.89T of revenue in the fiscal 2024 (FY2024), +34% from a year earlier. Of every dollar of revenue, 56¢ was left as gross profit, 46¢ was left as operating profit, 40¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | FY2024 | % of revenue |
|---|---|---|
| Revenue | $2.89T | 100.0% |
| Cost of revenue | $1.27T | 43.9% |
| Gross profit | $1.62T | 56.1% |
| Operating expenses | $302.3B | 10.4% |
| Operating profit | $1.32T | 45.7% |
| Income tax | $248.3B | 8.6% |
| Net earnings | $1.16T | 40.0% |
| Operating cash flow | $1.83T | 63.1% |
| Free cash flow | $870.2B | 30.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| FY2024 | $2.89T | +34% |
From Taiwan Semiconductor Manufacturing's 20-F filed Apr 17, 2025 (on EDGAR).
Questions
How does Taiwan Semiconductor Manufacturing make money?
Taiwan Semiconductor Manufacturing (TSM) made $2.89T of revenue in the fiscal 2024 (FY2024), +34% from a year earlier. Of every dollar of revenue, 56¢ was left as gross profit, 46¢ was left as operating profit, 40¢ was left as net earnings.
What is Taiwan Semiconductor Manufacturing's profit margin?
Net earnings were $1.16T, 40.0% of revenue, in the fiscal 2024; the operating margin was 45.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.