Formula One Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	4,105	3,318	3,222	2,573	2,136
Other Revenue	377	335	350	-	-
Revenue	4,482	3,653	3,572	2,573	2,136
Revenue Growth (YoY)	22.69%	2.27%	38.83%	20.46%	86.55%
Cost of Revenue	2,971	2,488	2,240	1,750	1,489
Gross Profit	1,511	1,165	1,332	823	647
Selling, General & Admin	514	421	659	288	210
Operating Expenses	907	773	1,065	650	607
Operating Income	604	392	267	173	40
Interest Expense	-290	-105	-206	-149	-123
Earnings From Equity Investments	-	-	-	-	23
Other Non Operating Income (Expenses)	446	-182	105	173	-7
EBT Excluding Unusual Items	760	105	166	197	-67
Merger & Restructuring Charges	-27	-32	-	-	-
Impairment of Goodwill	-	-73	-	-	-
Gain (Loss) on Sale of Investments	-	-	-68	54	-90
Asset Writedown	-	-	-1	-	-
Pretax Income	733	-	97	251	-157
Income Tax Expense	137	44	24	-311	-37
Earnings From Continuing Operations	596	-44	73	562	-120
Earnings From Discontinued Operations	-41	-2,431	889	-	-
Net Income to Company	555	-2,475	962	562	-120
Minority Interest in Earnings	-	412	-201	-4	-70
Net Income	555	-2,063	761	558	-190
Net Income to Common	555	-2,063	761	558	-190
Net Income Growth	-	-	36.38%	-	-
Shares Outstanding (Basic)	250	240	234	233	232
Shares Outstanding (Diluted)	258	240	240	244	232
Shares Change (YoY)	7.50%	-	-1.64%	5.17%	-
EPS (Basic)	2.22	-8.60	3.25	2.39	-0.82
EPS (Diluted)	2.02	-10.26	3.25	2.15	-0.82
EPS Growth	-	-	51.43%	-	-
Free Cash Flow	751	1,360	2,003	243	464
Free Cash Flow Per Share	2.91	5.67	8.35	1.00	2.00
Gross Margin	33.71%	31.89%	37.29%	31.99%	30.29%
Operating Margin	13.48%	10.73%	7.47%	6.72%	1.87%
Profit Margin	12.38%	-56.47%	21.30%	21.69%	-8.89%
Free Cash Flow Margin	16.76%	37.23%	56.07%	9.44%	21.72%
EBITDA	997	744	673	535	437
EBITDA Margin	22.24%	20.37%	18.84%	20.79%	20.46%
D&A For EBITDA	393	352	406	362	397
EBIT	604	392	267	173	40
EBIT Margin	13.48%	10.73%	7.47%	6.72%	1.87%
Effective Tax Rate	18.69%	-	24.74%	-	-
Revenue as Reported	4,482	3,653	3,572	2,573	2,136
Advertising Expenses	54	34	28	24	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.