Formula One Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	3,694	3,318	3,222	2,573	2,136	1,145
Other Revenue	346	335	-	-	-	-
Revenue	4,040	3,653	3,222	2,573	2,136	1,145
Revenue Growth (YoY)	8.72%	13.38%	25.22%	20.46%	86.55%	-43.37%
Cost of Revenue	2,711	2,488	2,240	1,750	1,489	974
Gross Profit	1,329	1,165	982	823	647	171
Selling, General & Admin	448	408	316	288	210	174
Other Operating Expenses	13	13	-	-	-	-
Operating Expenses	825	773	685	650	607	615
Operating Income	504	392	297	173	40	-444
Interest Expense	-222	-208	-214	-149	-123	-146
Interest & Investment Income	-	-	-	-	-	7
Earnings From Equity Investments	-12	-10	-4	-	23	-108
Other Non Operating Income (Expenses)	161	-52	117	173	-7	152
EBT Excluding Unusual Items	431	122	196	197	-67	-539
Merger & Restructuring Charges	-37	-32	-	-	-	-
Impairment of Goodwill	-73	-73	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	15	54	-90	-167
Pretax Income	321	17	211	251	-157	-706
Income Tax Expense	99	47	27	-311	-37	-112
Earnings From Continuing Operations	222	-30	184	562	-120	-594
Minority Interest in Earnings	-	-	1	-4	-70	-2
Net Income	222	-30	185	558	-190	-596
Net Income to Common	222	-30	185	558	-190	-596
Net Income Growth	-20.14%	-	-66.85%	-	-	-
Shares Outstanding (Basic)	250	240	234	233	232	232
Shares Outstanding (Diluted)	251	240	240	244	232	232
Shares Change (YoY)	4.36%	-	-1.64%	5.17%	-	0.43%
EPS (Basic)	0.89	-0.13	0.79	2.39	-0.82	-2.57
EPS (Diluted)	0.84	-0.13	0.62	2.15	-0.82	-2.57
EPS Growth	-27.57%	-	-71.28%	-	-	-
Free Cash Flow	712	492	193	243	464	-160
Free Cash Flow Per Share	2.83	2.05	0.80	1.00	2.00	-0.69
Gross Margin	32.90%	31.89%	30.48%	31.99%	30.29%	14.93%
Operating Margin	12.47%	10.73%	9.22%	6.72%	1.87%	-38.78%
Profit Margin	5.50%	-0.82%	5.74%	21.69%	-8.89%	-52.05%
Free Cash Flow Margin	17.62%	13.47%	5.99%	9.44%	21.72%	-13.97%
EBITDA	868	744	666	535	437	-3
EBITDA Margin	21.49%	20.37%	20.67%	20.79%	20.46%	-0.26%
D&A For EBITDA	364	352	369	362	397	441
EBIT	504	392	297	173	40	-444
EBIT Margin	12.47%	10.73%	9.22%	6.72%	1.87%	-38.78%
Effective Tax Rate	30.84%	276.47%	12.80%	-	-	-
Revenue as Reported	4,040	3,653	3,222	2,573	2,136	1,145
Advertising Expenses	-	34	28	24	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.