TSM Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), TSM reported revenue of $1056.0B, gross profit of $658.1B (62.3% gross margin), operating income of $569.1B, and net income of $510.5B (48.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
TSM was profitable; no comparable cached period is available, and EPS beat consensus by $0.32.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
EPS was $3.14 versus $2.82 expected.
TSM Q4 2025 Income Statement
| Line item | Amount (TWD) | % of revenue |
|---|---|---|
| Revenue | $1056.0B | 100% |
| Cost of Revenue | −$397.8B | 37.7% |
| Gross Profit | $658.1B | 62.3% |
| Research & Development | −$65.5B | 6.2% |
| Selling, General & Administrative | −$23.6B | 2.2% |
| Operating Income | $569.1B | 53.9% |
| Other Income, net | $28.8B | 2.7% |
| Income Tax Expense | −$87.8B | 8.3% |
| Net Income | $510.5B | 48.3% |
Source: original SEC filing (filed 2026-01-06). Accession 0001046179-26-000002. Data normalized by EarningsFyi.