Stefano Domenicali’s Formula 1 remuneration fell by almost €1 million in 2025 compared with the previous year, according to Formula One Management’s newly filed accounts. The 40-page document reports remuneration of £7.999 million for the company’s “highest paid director”, equivalent to around €9.3 million at current exchange rates.
The filing does not explicitly attach a name to that figure, instead using the description “highest paid director”. That executive is understood to be Stefano Domenicali, Formula 1’s president and CEO and one of Formula One Management’s directors. Stefano Domenicali has held Formula 1’s top operational position since 1 January 2021 and has had his mandate renewed through 2029, as the championship continues its global expansion under his leadership.
How much Stefano Domenicali received from Formula 1 in 2025
Note 13 of the accounts, which covers directors’ remuneration, also makes it possible to compare the 2025 figure with the previous year. The highest-paid director received £7.999 million in 2025, compared with £8.765 million for the highest-paid executive in 2024.
That represents a reduction of £766,000, approximately €893,000, meaning the total remuneration fell by almost €1 million within 12 months. In percentage terms, Stefano Domenicali’s overall compensation was down by 8.7% year on year.
The amount disclosed in the accounts should not, however, be interpreted simply as a base salary. It represents total remuneration. Formula One Management also states that the highest-paid director exercised stock options during the year. These are rights that allow shares in a company to be purchased at a predetermined price, although the value of those exercised options is not specified within that particular remuneration figure.
Formula One Management director pay falls sharply overall
The reduction becomes even more noticeable when the remuneration of Formula One Management’s entire senior board is considered. The company’s four directors received a combined £13.3 million during 2025, down from £21.165 million in the previous year.
Those totals include £1.962 million associated with long-term incentive plans. In 2024, the equivalent figure had been £3.741 million, showing that the decline in overall director remuneration extended beyond the package attributed to Formula 1’s highest-paid executive.
Alongside Stefano Domenicali, Formula One Management’s directors during 2025 included Duncan Llowarch, Formula 1’s Chief Financial Officer since 2002, and Adam Babiker, who joined the board on 20 February 2025. Laurence Anthony also served as a director during the financial year but left the position just two days later, on 22 February.
The accounts therefore record four remunerated directors for the year, even though only Stefano Domenicali, Duncan Llowarch and Adam Babiker remained on the board at the end of the reporting period.
Formula 1 revenue grows while executive remuneration declines
The fall in senior remuneration comes at a time when Formula One Management itself continues to grow financially. Revenue increased from £393.4 million to £429.6 million in 2025, a rise of approximately 9%.
EBITDA, or earnings before interest, tax, depreciation and amortisation, increased even faster. The figure rose from £34.1 million to £40.4 million, representing an 18% increase. Formula One Management’s average number of employees also grew significantly, from 726 to 803.
The figures therefore show contrasting trends within the business. Formula One Management generated more revenue, increased EBITDA and expanded its workforce during 2025, while the overall remuneration paid to its directors declined substantially.
Stefano Domenicali remains above €9m despite 8.7% reduction
Stefano Domenicali remains at the helm of a Formula 1 business that continues to increase its revenue, but the latest filing shows that the remuneration associated with the highest-paid director fell by 8.7% over the course of a year.
The difference compared with 2024 amounts to almost €1 million. Even after that reduction, however, the 2025 package remained worth more than €9 million at current exchange rates for a single year at the head of Formula 1.
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