Formula 1 recorded a record gross turnover of £429.637 million, approximately $574.2 million, for the financial year ending 31 December 2025. The figure represents an increase of around 9% from the £393.362 million reported a year earlier, making 2025 a record year for the championship’s business operations in Britain.
The accounts show that Formula 1’s cost of sales also increased, rising from £192.097 million to £207.110 million. Even so, gross profit climbed to £222.527 million, compared with £201.295 million in 2024, underlining the growth in revenue generated during the season.
Formula 1 revenue reaches record £429.6m in 2025
Administrative expenses amounted to £198.733 million, an increase of £18.6 million compared with the previous year. Despite that rise, operating profit reached £23.794 million, slightly higher than the £21.111 million recorded in 2024.
Profit before tax remained almost unchanged at £19.958 million, compared with £19.938 million the previous year. Formula 1 paid just £552,000 in tax on ordinary activities in 2025, against £9.533 million in 2024. Overall net profit was reported at £19.406 million, down from £29.471 million in the previous financial year.
2026 race disruption could affect future Formula 1 revenue
These accounts do not include the 2026 season or any potential financial effects from postponed or cancelled Grands Prix in the Middle East linked to the ongoing conflict. Any impact will only become measurable when the 2026 accounts are published, which is expected in September 2027.
Grand Prix hosting fees remain Formula 1’s main source of revenue, with race organisers paying to secure a place on the championship schedule. A reduction in the number of events would therefore directly affect income. The evolving race schedule can be followed through the 2026 Formula 1 calendar.
Formula 1 preparing to move its London headquarters
Documents filed with Companies House also reveal plans to relocate Formula 1’s London offices. A 15-year lease for the current St James’ Market headquarters was signed on 24 February 2017 and includes a break clause after 10 years, which is expected to be exercised in 2027.
A new lease agreement was signed on 26 February for premises on Broadway in Westminster, close to Buckingham Palace and the Houses of Parliament. The building requires fitting-out work and is expected to be available for occupation from the beginning of 2027. The new lease is set to run for 15 years.
UK-based F1 teams set to publish their 2025 accounts
Financial statements from Formula 1 teams based in the United Kingdom are expected by the end of September and should provide a broader picture of the financial health of the paddock. Red Bull, McLaren, Williams and Aston Martin are among the teams due to publish their figures, while Mercedes had already filed its 2025 results in June.
Those accounts will make it possible to compare the financial performance of individual teams with that of the company managing the championship, highlighting potential differences in management and financial strength in an environment defined by high operating costs and increasingly restrictive financial regulations.
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