SVB Financial Group / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2022	€5.35B +88.9%	€1.44B -8.8%	26.9% -0.29 pp	€2.65B +59.9%	49.6% -0.090 pp
2021	€2.83B -17.7%	€1.58B +51.7%	55.7% +0.25 pp	€1.66B +25.6%	58.5% +0.20 pp
2020	€3.44B +20.4%	€1.04B +6.3%	30.2% -0.040 pp	€1.32B +24.7%	38.4% +0.013 pp
2019	€2.86B +27.6%	€979.46M +16.7%	34.3% -0.032 pp	€1.06B +25.5%	37.1% -0.0060 pp
2018	€2.24B +34.0%	€839.01M +98.5%	37.4% +0.12 pp	€843.82M +55.2%	37.7% +0.051 pp
2017	€1.67B +23.2%	€422.59M +28.2%	25.3% +0.0097 pp	€543.62M +28.4%	32.5% +0.013 pp
2016	€1.36B +8.6%	€329.70M +11.3%	24.3% +0.0058 pp	€423.27M +24.8%	31.2% +0.040 pp
2015	€1.25B +3.2%	€296.29M +30.3%	23.7% +0.049 pp	€339.22M +32.1%	27.2% +0.060 pp
2014	€1.21B +4.1%	€227.38M +22.3%	18.8% +0.028 pp	€256.70M +45.8%	21.2% +0.061 pp
2013	€1.16B +44.4%	€185.97M +23.3%	16.0% -0.027 pp	€176.10M -14.3%	15.1% -0.10 pp
2012	€805.83M +2.9%	€150.86M +1.9%	18.7% -0.0020 pp	€205.42M +21.0%	25.5% +0.038 pp
2011	€782.81M +36.5%	€148.10M +81.0%	18.9% +0.047 pp	€169.76M +3.4%	21.7% -0.070 pp
2010	€573.50M +38.7%	€81.80M +97.8%	14.3% +0.043 pp	€164.25M +29.7%	28.6% -0.020 pp
2009	€413.45M -9.1%	€41.36M -38.9%	10.0% -0.049 pp	€126.66M -16.2%	30.6% -0.026 pp
2008	€455.03M -12.3%	€67.74M -36.4%	14.9% -0.056 pp	€151.16M -6.7%	33.2% +0.020 pp
2007	€518.93M +22.0%	€106.52M +38.3%	20.5% +0.024 pp	€162.08M +26.9%	31.2% +0.012 pp
2006	€425.31M +18.4%	€77.01M -3.4%	18.1% -0.041 pp	€127.77M +12.5%	30.0% -0.016 pp
2005	€359.08M +22.3%	€79.73M +41.5%	22.2% +0.030 pp	€113.57M +31.3%	31.6% +0.022 pp
2004	€293.60M +29.1%	€56.32M +445.8%	19.2% +0.15 pp	€86.52M +22.7%	29.5% -0.015 pp
2003	€227.40M +24.2%	€10.32M -77.6%	4.5% -0.21 pp	€70.52M -20.3%	31.0% -0.17 pp
2002	€183.15M -36.3%	€45.97M -39.5%	25.1% -0.013 pp	€88.47M -15.4%	48.3% +0.12 pp
2001	€287.60M -35.7%	€75.95M -44.6%	26.4% -0.042 pp	€104.51M +7.6%	36.3% +0.15 pp
2000	€447.56M +96.5%	€137.04M +204.7%	30.6% +0.11 pp	€97.13M +39.7%	21.7% -0.088 pp
1999	€227.71M +55.7%	€44.97M +80.6%	19.8% +0.027 pp	€69.53M +14.8%	30.5% -0.11 pp
1998	€146.29M +36.8%	€24.90M +4.3%	17.0% -0.053 pp	€60.57M +100.3%	41.4% +0.13 pp
1997	€106.92M +25.5%	€23.86M +28.8%	22.3% +0.0058 pp	€30.24M +22.3%	28.3% -0.0074 pp
1996	€85.21M +14.2%	€18.52M +18.1%	21.7% +0.0072 pp	€24.73M -6.5%	29.0% -0.064 pp
1995	€74.61M +32.8%	€15.68M +100.0%	21.0% +0.071 pp	€26.45M +23.3%	35.5% -0.027 pp
1994	€56.17M +9.0%	€7.84M +468.7%	14.0% +0.11 pp	€21.45M -3.1%	38.2% -0.048 pp
1993	€51.52M +2.9%	€1.38M -172.7%	2.7% +0.065 pp	€22.14M -10.8%	43.0% -0.066 pp
1992	€50.06M +21.8%	-€1.90M -117.9%	-3.8% -0.30 pp	€24.81M +138.0%	49.6% +0.24 pp
1991	€41.10M	€10.60M	25.8%	€10.42M	25.4%