As of Q4'25, TSM reported Operating Cash Flow of USD 742B and Free Cash Flow of USD 388B, representing the highest levels in the period covered. This marks a substantial increase from the previous quarter, with both metrics reaching new peaks by the end of 2025. From Q1'23 to Q4'25, the chart reveals a generally upward trend in both Operating and Free Cash Flow, despite some volatility—most notably a negative Free Cash Flow in Q2'23. After this dip, both cash flow measures recovered steadily, with pronounced growth in the latter half of 2024 and throughout 2025. The consistent increases, especially the sharp rises in Q4'24 and Q4'25, highlight strong operational performance and improved cash generation over the observed quarters.