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Formula One - statistics & facts

Formula One holds pole position in the world of motorsport, its status built on iconic manufacturers like Ferrari and elite circuits around the world – from Monaco to Tokyo. It is a highly lucrative sport, with the revenue of the Formula One Group amounting to more than 2.5 billion U.S. dollars in 2022. A significant share of this sum goes towards teams: in 2023, the prize money awarded to F1 teams totaled around one billion U.S. dollars. Meanwhile, the participants themselves are also well compensated, with the highest-earning F1 drivers earning over 50 million U.S. dollars per year.

Who are the best F1 drivers of all time?

Formula One has certainly had its fair share of stars across the years, with the best drivers breaking numerous records behind the wheel. Many individual records are held by Lewis Hamilton, who shares the honor of being the F1 driver with the most World Championship titles with Michael Schumacher. Hamilton is also the driver with the most race wins, while Schumacher holds the record for being the driver with the highest number of fastest laps.

Who are the best F1 teams?

While there are many iconic Formula One teams, one F1 constructor stands out in terms of all-time records. Ferrari, represented for many years by Michael Schumacher, is the constructor with the most World Championship titles, as well as the constructor with the most Championship points. However, other teams have had success in recent years, including Red Bull, who won the World Championship in 2022 and 2023. With Max Verstappen making a bright start to the 2024 season, Red Bull has every chance of making it three in a row.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Apr 17, 2024

Key insights

Average U.S. TV audience of F1 races
1.11m
Operating income of the Formula One Group
173m USD
Highest F1 circuit hosting fee
57m USD
Get more insights

Editor’s Picks Current statistics on this topic

Total revenue of the Formula One Group from 2017 to 2022 (in billion U.S. dollars)

Individual Sports

Formula 1 total revenue 2017-2022

Prize money awarded to Formula One teams in 2023, by team (in million U.S. dollars)

Professional Sports

Formula 1 prize money 2023, by team

Formula One weekend attendance in 2023, by circuit (in 1,000s)

Individual Sports

Formula 1 weekend attendance 2023, by circuit

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