Taiwan Semiconductor Manufacturing Company LimitedTSMNYSE
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R&D Expense Growth Under PressureDecelerating
Percentile Rank41
3Y CAGR-10.2%
5Y CAGR+25.7%
Year-over-Year Change
Year-over-year research & development expense growth
3Y CAGR
-10.2%/yr
vs -30.2%/yr prior
5Y CAGR
+25.7%/yr
Recent deceleration
Acceleration
+20.0pp
Accelerating
Percentile
P41
Within normal range
vs 5Y Ago
3.1x
Strong expansion
Streak
2 qtr
Consecutive declineDecelerating
| Period | Value |
|---|---|
| Q4 2025 | 2.71% |
| Q3 2025 | 4.02% |
| Q2 2025 | 8.37% |
| Q1 2025 | -1.20% |
| Q4 2024 | 8.43% |
| Q3 2024 | 9.83% |
| Q2 2024 | 4.23% |
| Q1 2024 | -8.53% |
| Q4 2023 | -1.42% |
| Q3 2023 | 22.73% |
| Q2 2023 | 6.41% |
| Q1 2023 | -12.18% |
| Q4 2022 | 3.75% |
| Q3 2022 | 8.39% |
| Q2 2022 | 9.99% |
| Q1 2022 | 11.82% |
| Q4 2021 | 4.44% |
| Q3 2021 | -0.02% |
| Q2 2021 | 0.38% |
| Q1 2021 | 2.73% |
| Q4 2020 | 0.86% |
| Q3 2020 | 19.25% |
| Q2 2020 | -0.30% |
| Q1 2020 | -2.60% |
| Q4 2019 | 6.94% |
| Q3 2019 | 12.05% |
| Q2 2019 | 4.78% |
| Q1 2019 | -13.81% |
| Q4 2018 | 8.24% |
| Q3 2018 | 10.03% |
| Q2 2018 | -2.63% |
| Q1 2018 | -3.72% |
| Q4 2017 | 0.82% |
| Q3 2017 | 10.43% |
| Q2 2017 | -1.83% |
| Q1 2017 | -2.75% |
| Q4 2016 | 6.60% |
| Q3 2016 | 10.77% |
| Q2 2016 | 8.22% |
| Q1 2016 | -0.29% |