Taiwan Semiconductor Manufacturing (TSM) Operating Margin (2009 - 2026)
Taiwan Semiconductor Manufacturing's Operating Margin came in at 60.34% for Q2 2026, up 10.72 percentage points from 49.63% a year earlier and up 2.24 percentage points from the prior quarter.
Taiwan Semiconductor Manufacturing (TSM) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Taiwan Semiconductor Manufacturing reported Operating Margin of 56.02%, up 6.51 percentage points year-over-year; for FY2025, it was 50.83%, up 5.15 percentage points from FY2024.
- Operating Margin carries a five-year change of +8.51 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 45.68% in FY2024 (+3.05 pp), 42.63% in FY2023 (-6.90 pp), 49.53% in FY2022 (+8.58 pp) and 40.95% in FY2021 (-1.37 pp).
- The Q2 2026 figure represents the highest quarterly Operating Margin since Q4 2012.
- Year-over-year, Operating Margin has increased for nine consecutive quarters, with an average year-over-year change of +6.89 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2026 (a gain of 10.72 percentage points), and the weakest in Q4 2023 (a drop of 10.36 percentage points).
- Business Quant data shows TSM's Operating Margin at 58.10% (Q1 2026), 54.00% (Q4 2025) and 50.58% (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 4,516.52 Bn | 4,290.68 Bn | 72.14 Bn | 66.24% |
| 2 | Taiwan Semiconductor Manufacturing | 1,945.01 Bn | 1,569.87 Bn | 27.22 Bn | 60.34% |
| 3 | Broadcom | 1,397.97 Bn | 1,324.02 Bn | 20.46 Bn | 53.92% |
| 4 | Micron Technology | 778.23 Bn | 683.86 Bn | 47.05 Bn | 80.68% |
| 5 | Advanced Micro Devices | 731.93 Bn | 680.14 Bn | 7.21 Bn | 21.17% |
| 6 | Asml Holding | 553.38 Bn | 509.07 Bn | 5.90 Bn | - |
| 7 | Intel | 294.27 Bn | 140.33 Bn | 7.10 Bn | 15.27% |
| 8 | Applied Materials | 264.14 Bn | 229.58 Bn | 4.59 Bn | 33.74% |
| 9 | Texas Instruments | 253.31 Bn | 228.18 Bn | 3.89 Bn | 47.46% |
| 10 | Lam Research | 251.05 Bn | 227.10 Bn | 4.30 Bn | 39.95% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.34% |
| Mar 31, 2026 | 58.10% |
| Dec 31, 2025 | 54.00% |
| Sep 30, 2025 | 50.58% |
| Jun 30, 2025 | 49.63% |
| Mar 31, 2025 | 48.51% |
| Dec 31, 2024 | 52.13% |
| Sep 30, 2024 | 47.49% |
| Jun 30, 2024 | 42.55% |
| Mar 31, 2024 | 42.02% |
| Dec 31, 2023 | 41.60% |
| Sep 30, 2023 | 41.71% |
| Jun 30, 2023 | 42.00% |
| Mar 31, 2023 | 45.46% |
| Dec 31, 2022 | 51.96% |
| Sep 30, 2022 | 50.61% |
| Jun 30, 2022 | 49.07% |
| Mar 31, 2022 | 45.57% |
| Dec 31, 2021 | 41.71% |
| Sep 30, 2021 | 41.24% |
Taiwan Semiconductor Manufacturing Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=TSM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "TSM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=TSM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();