Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 55.97% is 18% above its 5-year average of 47.24%, near the high end of its 5-year range (39.14%–60.34%).
2.73% above its 12-month average of 54.48%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
55.97%
OPERATING MARGIN AVG TTM
54.48%
OPERATING MARGIN AVG 3Y
48.25%
OPERATING MARGIN AVG 5Y
47.24%
OPERATING MARGIN AVG 10Y
42.75%
OPERATING MARGIN AVG 15Y
39.34%
OPERATING MARGIN AVG 20Y
38.95%
CURRENT VS TTM AVG
+2.73%
CURRENT VS 3Y AVG
+15.99%
CURRENT VS 5Y AVG
+18.48%
CURRENT VS 10Y AVG
+30.92%
CURRENT VS 15Y AVG
+42.28%
CURRENT VS 20Y AVG
+43.71%
SECTOR MEDIAN · TECHNOLOGY
14.00%
median of 194 covered companies
CURRENT VS SECTOR MEDIAN
+299.79%
vs the sector median at left
Taiwan Semiconductor Manufacturing Company Limited
Market Cap
$2.28T
Operating Margin
55.97%
TTM Avg
54.48%
3Y Avg
48.25%
5Y Avg
47.24%
Market Cap
$1.13T
Operating Margin
26.41%
TTM Avg
15.80%
3Y Avg
6.54%
5Y Avg
10.48%
Market Cap
$3.67T
Operating Margin
46.78%
TTM Avg
46.20%
3Y Avg
44.70%
5Y Avg
43.74%
Market Cap
$824.66B
Operating Margin
15.71%
TTM Avg
9.02%
3Y Avg
6.29%
5Y Avg
9.47%
Market Cap
$680.20B
Operating Margin
35.41%
TTM Avg
33.26%
3Y Avg
32.51%
5Y Avg
32.55%
Market Cap
$468.13B
Operating Margin
30.85%
TTM Avg
30.83%
3Y Avg
29.21%
5Y Avg
30.03%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.28T | 55.97% | 54.48% | 48.25% | 47.24% |
| Broadcom Inc. (AVGO)vs › | $1.75T | 39.89% | 33.00% | 37.08% | 37.02% |
| SK hynix Inc. (SKHY)vs › | $1.32T | 48.59% | 42.02% | 18.93% | 20.05% |
| Micron Technology, Inc. (MU)vs › | $1.13T | 26.41% | 15.80% | 6.54% | 10.48% |
| Microsoft Corporation (MSFT)vs › | $3.67T | 46.78% | 46.20% | 44.70% | 43.74% |
| Advanced Micro Devices, Inc. (AMD)vs › | $824.66B | 15.71% | 9.02% | 6.29% | 9.47% |
| ASML Holding N.V. (ASML)vs › | $680.20B | 35.41% | 33.26% | 32.51% | 32.55% |
| Intel Corp. (INTC)vs › | $526.95B | 0.14% | -11.01% | -4.54% | 1.29% |
| Oracle Corporation (ORCL)vs › | $468.13B | 30.85% | 30.83% | 29.21% | 30.03% |
| Cisco Systems, Inc. (CSCO)vs › | $430.29B | 24.27% | 22.52% | 23.51% | 24.48% |
Gross Margin
64.2%
Operating Margin
56.0%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 60.34% |
| 2026-03-31 | 57.96% |
| 2025-12-31 | 53.90% |
| 2025-09-30 | 50.58% |
| 2025-06-30 | 49.63% |
| 2025-03-31 | 48.51% |
| 2024-12-31 | 49.02% |
| 2024-09-30 | 47.49% |
| 2024-06-30 | 42.55% |
| 2024-03-31 | 42.02% |
| 2023-12-31 | 41.60% |
| 2023-09-30 | 41.71% |
| 2023-06-30 | 42.00% |
| 2023-03-31 | 45.46% |
| 2022-12-31 | 51.96% |
| 2022-09-30 | 50.61% |
| 2022-06-30 | 49.07% |
| 2022-03-31 | 45.57% |
| 2021-12-31 | 41.70% |
| 2021-09-30 | 41.24% |
| 2021-06-30 | 39.14% |
| 2021-03-31 | 41.54% |
| 2020-12-31 | 43.45% |
| 2020-09-30 | 42.10% |
| 2020-06-30 | 42.20% |
| 2020-03-31 | 41.38% |
| 2019-12-31 | 39.26% |
| 2019-09-30 | 36.82% |
| 2019-06-30 | 31.65% |
| 2019-03-31 | 29.38% |
| 2018-12-31 | 36.97% |
| 2018-09-30 | 36.59% |
| 2018-06-30 | 36.20% |
| 2018-03-31 | 39.05% |
| 2017-12-31 | 39.23% |
| 2017-09-30 | 38.89% |
| 2017-06-30 | 38.94% |
| 2017-03-31 | 40.76% |
| 2016-12-31 | 41.91% |
| 2016-09-30 | 40.80% |
| 2016-06-30 | 41.17% |
| 2016-03-31 | 34.63% |
| 2015-12-31 | 38.31% |
| 2015-09-30 | 36.88% |
| 2015-06-30 | 37.51% |
| 2015-03-31 | 39.02% |
| 2014-12-31 | 39.63% |
| 2014-09-30 | 40.39% |
| 2014-06-30 | 38.64% |
| 2014-03-31 | 35.43% |
| 2013-12-31 | 33.19% |
| 2013-09-30 | 36.68% |
| 2013-06-30 | 36.97% |
| 2013-03-31 | 33.47% |
| 2012-12-31 | 35.23% |
| 2012-09-30 | 37.31% |
| 2012-06-30 | 36.63% |
| 2012-03-31 | 33.23% |
| 2011-12-31 | 31.45% |
| 2011-09-30 | 29.67% |
| 2011-06-30 | 34.27% |
| 2011-03-31 | 37.16% |
| 2010-12-31 | 37.69% |
| 2010-09-30 | 38.37% |
| 2010-06-30 | 38.56% |
| 2010-03-31 | 37.02% |
| 2009-12-31 | 36.53% |
| 2009-09-30 | 35.56% |
| 2009-06-30 | 33.86% |
| 2009-03-31 | 3.06% |
| 2008-12-31 | 18.96% |
| 2008-09-30 | 34.45% |
| 2008-06-30 | 36.06% |
| 2008-03-31 | 33.29% |
| 2007-12-31 | 36.80% |
| 2007-09-30 | 36.37% |
| 2007-06-30 | 34.17% |
| 2007-03-31 | 27.57% |
| 2006-12-31 | 246.73% |
| 2006-09-30 | 40.79% |
| 2006-06-30 | 43.01% |
| 2006-03-31 | 39.69% |
| 2005-12-31 | 38.69% |
| 2005-09-30 | 36.00% |
| 2005-06-30 | 27.72% |
| 2005-03-31 | 31.83% |
| 2004-12-31 | 34.84% |
| 2004-09-30 | 37.58% |
| 2004-06-30 | 32.42% |
| 2004-03-31 | 35.30% |
| 2003-12-31 | 25.90% |
| 2003-09-30 | 30.04% |
| 2003-06-30 | 20.22% |
| 2003-03-31 | 15.72% |
| 2002-12-31 | -226.20% |
| 2002-09-30 | 100.00% |