For any firm primarily based in the UK, the prospect of submitting the annual accounts by the top of September could be a daunting one.
Firms Home doesn’t care if you’re a one-person present or a behemoth turning over a whole lot of hundreds of thousands and using hundreds of workers; each firm is handled the identical.
However happily for us in Method 1 journalism circles, the returns can usually paint an illuminating image into how a group is performing off-track, and if like every good firm, it’s earning money.
Of the 11 F1 groups, 9 of them have bases inside the UK and now we have been in a position to study the accounts of eight of these, with solely Racing Bulls lacking, because the Italian mum or dad firm, while required to add some paperwork, shouldn’t be required to take action similtaneously these absolutely within the UK. Solely Audi and Ferrari had been additionally lacking, with their true figures buried deep away within the general wider firm financials.
It means RacingNews365 was in a position to take a look at the returns for McLaren, Mercedes, Pink Bull, Williams, Aston Martin, Alpine, Haas, and Cadillac, in addition to F1 itself.
That is what we discovered.
F1’s 2026 monetary report
Total, the eight groups turned over a smidge over £3.2 billion GBP. This determine is calculated by including their prize cash from FOM for ending locations within the constructors’ championship, and the industrial income they generate from their huge array of sponsors.
The very best determine was Mercedes on a staggering £633.378 million GBP, ($839.909 million USD), which, if its development continues, might see the group smash by means of the $1 billion USD ceiling when its 2026 accounts drop in September 2027.
The bottom determine, except for the Cadillac caveat, as defined after the desk beneath, was Haas on £147.422 million – however this nonetheless represented a file for the group.
Of the eight groups, there was an equal cut up between those that made a bottom-line revenue after tax and different varied bills, and those that made a loss, though some losses really stood out as an enchancment as they had been much less extreme than within the earlier 12 months.
The 2 most fascinating groups from the accounts are these which completed the 2025 standings in first and second: McLaren and Mercedes.
Regardless of successful each championships on monitor and succesfully defending its constructors’ crown, McLaren went from making a revenue in 2024 of a pink and wholesome £53.836 million, to a lack of £17.360, a swing of virtually £70 million GBP.
One motive for the shocking monetary loss was that it repaid loans after a money funding throughout COVID, when the group almost went bust.
MSP Sports activities Capital invested within the group in December 2020, co-investing with UBS O’Connor LLC and the Najafi Firms, with UBS O’Connor, funding group Caspian and Ares Capital all investing a complete of £179 million.
By September 2025, the mortgage notes had been absolutely repaid with the traders buying the broader McLaren Group, granting full possession.
The Bahraini Mumtalakat sovereign wealth fund stays the bulk shareholder.
On the flip facet, Mercedes recorded a revenue after tax of £133.143 million GBP, which is 5.5 instances the £24.07 million the opposite three groups to file a revenue did so mixed.
The revenue for Toto Wolff’s group rose by £15.468 million, which in itself was a determine increased than Pink Bull, Alpine, or Haas recorded as 2025 revenue general.
Elsewhere, the likes of Williams and Aston Martin, while each nonetheless recording losses of over £25 million had causes to be optimistic, as they posted much less extreme losses than in 2024, when each had been within the purple by over £45.7 million GBP for the 12 months.
For F1 itself, it recorded a bottom-line revenue of slightly below £19.5 million GBP, in a fall of round £10 million from 2024.
Try the total outcomes beneath and the article continues after the desk.
The Cadillac caveat
The submission for TWG Cadillac Method 1 Workforce Restricted exhibits that the group misplaced £121.9 million GBP after tax because it ready for its debut marketing campaign in 2026, having obtained formal acceptance of its place on the 2026 grid in March 2025.
This determine should be considerably caveated, nonetheless, by the truth that Cadillac was unable to generate enough turnover, together with its industrial sponsorship preparations, however most significantly, prize cash from F1 for its efficiency and consequence within the constructors’ championship.
As Cadillac didn’t compete within the 2025 season, its 2025 accounts are distinctive amongst these examined by RacingNews365, as the 2 main income streams F1 groups rely on weren’t accessible to the squad.
It would solely be within the 2026 accounts, printed on or round September thirtieth, 2027, that Cadillac’s true turnover and bottom-line revenue or loss can be referred to as it would have had a season of full industrial sponsorship as a completely fledged F1 group and earned prize cash.
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Pink Bull’s Horner payoff
Within the Pink Bull accounts, probably the most eye-catching declaration was what the “highest-paid director” obtained as “compensation for lack of workplace.”
While Christian Horner shouldn’t be named as this director, he was the “highest-paid director” earlier than his sacking in July 2025 and formal resignation from all Pink Bull positions by mid-August of that 12 months.
This determine is made up of £66.988 million from Pink Bull Applied sciences, and £33.494 million GBP from Pink Bull Racing.
Previous to his dismissal, Horner had additionally earned £4.441 million in normal wage from RBR, and £9.029 million GBP from RBT for regular remuneration.
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