As of Q4'25, TSM's latest reported operating income reached USD 569.1B, marking the highest value in the period covered. The year-over-year growth rate for this quarter stands at 33.7%, indicating continued strong expansion. From Q1'23 to Q4'25, TSM's operating income demonstrated a significant upward trend, rising from USD 231.2B to USD 569.1B. After a period of YoY declines in 2023, the company reversed course in 2024, achieving robust double-digit growth rates that peaked above 63% in Q4'24 and Q1'25 before moderating slightly. This sustained growth highlights a strong recovery and acceleration in operational performance over the last two years.