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Microsoft vs Taiwan Semiconductor Manufacturing: revenue, profit, margins and growth compared

Microsoft brought in $331.8B of revenue in fiscal 2026, Taiwan Semiconductor Manufacturing $88.3B in fiscal 2024. Revenue changed by +17.8% at Microsoft and +25.0% at Taiwan Semiconductor Manufacturing on the year before, so Taiwan Semiconductor Manufacturing grew faster. Microsoft kept 40.3% of its revenue as net profit, Taiwan Semiconductor Manufacturing 40.0%. Free cash flow was $67B at Microsoft and $26.5B at Taiwan Semiconductor Manufacturing.

Side by side, latest fiscal year

MSFTTSM
Fiscal year endedFY2026 (June 30, 2026)FY2024 (December 31, 2024)
Revenue$331.8B$88.3B
Revenue growth+17.8%+25.0%
Net income$133.7B$35.3B
Net margin40.3%40.0%
Free cash flow$67B$26.5B
Free cash flow margin20.2%30.1%
Earnings per share (diluted)$17.95$1.36
Cash$20.9B$64.9B
Debt$40.3Bn/a
Price to earnings28.8n/a
Market value$3.83T$2.34T
Dividend yield0.71%n/a
Rank by revenue in sector#3 of 530 · Technology#8 of 530 · Technology

Over the years

Revenue
MSFT FY2019: $125.8BMSFT FY2020: $143BMSFT FY2021: $168.1BMSFT FY2022: $198.3BMSFT FY2023: $211.9BMSFT FY2024: $245.1BMSFT FY2025: $281.7BMSFT FY2026: $331.8BTSM FY2017: $33BTSM FY2018: $33.7BTSM FY2019: $35.8BTSM FY2020: $47.7BTSM FY2021: $57.2BTSM FY2022: $73.7BTSM FY2023: $70.6BTSM FY2024: $88.3BFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
MSFT $331.8BTSM $88.3B
Net income
MSFT FY2019: $39.2BMSFT FY2020: $44.3BMSFT FY2021: $61.3BMSFT FY2022: $72.7BMSFT FY2023: $72.4BMSFT FY2024: $88.1BMSFT FY2025: $101.8BMSFT FY2026: $133.7BTSM FY2017: $11.6BTSM FY2018: $11.9BTSM FY2019: $11.8BTSM FY2020: $18.2BTSM FY2021: $21.4BTSM FY2022: $32.3BTSM FY2023: $27.8BTSM FY2024: $35.3BFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
MSFT $133.7BTSM $35.3B
Net margin
MSFT FY2019: 31.2%MSFT FY2020: 31.0%MSFT FY2021: 36.5%MSFT FY2022: 36.7%MSFT FY2023: 34.1%MSFT FY2024: 36.0%MSFT FY2025: 36.1%MSFT FY2026: 40.3%TSM FY2017: 35.3%TSM FY2018: 35.2%TSM FY2019: 33.1%TSM FY2020: 38.1%TSM FY2021: 37.3%TSM FY2022: 43.9%TSM FY2023: 39.4%TSM FY2024: 40.0%FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
MSFT 40.3%TSM 40.0%
Revenue growth
MSFT FY2020: +13.6%MSFT FY2021: +17.5%MSFT FY2022: +18.0%MSFT FY2023: +6.9%MSFT FY2024: +15.7%MSFT FY2025: +14.9%MSFT FY2026: +17.8%TSM FY2018: +2.2%TSM FY2019: +6.2%TSM FY2020: +33.3%TSM FY2021: +20.0%TSM FY2022: +28.7%TSM FY2023: -4.2%TSM FY2024: +25.0%FY18FY19FY20FY21FY22FY23FY24FY25FY26
MSFT +17.8%TSM +25.0%
Free cash flow
MSFT FY2019: $38.3BMSFT FY2020: $45.2BMSFT FY2021: $56.1BMSFT FY2022: $65.1BMSFT FY2023: $59.5BMSFT FY2024: $74.1BMSFT FY2025: $71.6BMSFT FY2026: $67BTSM FY2017: $8.6BTSM FY2018: $8.4BTSM FY2019: $5.2BTSM FY2020: $11.2BTSM FY2021: $9.8BTSM FY2022: $17.2BTSM FY2023: $9.5BTSM FY2024: $26.5BFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
MSFT $67BTSM $26.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Microsoft and Taiwan Semiconductor Manufacturing

Which is bigger by revenue, Microsoft or Taiwan Semiconductor Manufacturing?

Microsoft is bigger by revenue: $331.8B in fiscal 2026, against $88.3B for Taiwan Semiconductor Manufacturing in fiscal 2024.

Which keeps more of its revenue as profit, Microsoft or Taiwan Semiconductor Manufacturing?

Microsoft had a net margin of 40.3% in fiscal 2026; Taiwan Semiconductor Manufacturing had 40.0% in fiscal 2024.

Which grew revenue faster, Microsoft or Taiwan Semiconductor Manufacturing?

In their latest fiscal years revenue changed by +17.8% at Microsoft and +25.0% at Taiwan Semiconductor Manufacturing.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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