President and Chief Executive Officer Stefano Domenicali remains Formula 1’s highest-paid director, according to Formula One Management Limited’s full accounts for the year ended 31 December 2025.
Filed with Companies House on Monday, the documents show Domenicali’s total package came to £7.999m in 2025, down slightly from £8.765m the year before.
The figure includes £1.962m tied to long-term incentive plans alongside proceeds from exercised share options, and sits within a combined director pay bill of £13.3m across the year.
That modest year-on-year change in Domenicali’s own package sits inside a wider set of numbers that tell a fuller story about where F1’s commercial growth is going.
FOM’s operational revenue rose 9.2 per cent over the year, from £393.4m to £429.6m. Pre-tax profit moved only slightly in comparison, edging up from £19.9m to £20m.
The gap between those two figures reflects where F1 is putting its growing revenue to work.
Operational costs, covering freight, travel, television production and championship-related technical support, rose 8 percent, or £15m, to £207.1m, as the championship’s footprint continues to expand.
Personnel costs climbed too, with FOM’s permanent headcount growing from 726 to 803 employees across the year, an increase of more than 10 per cent.
The filing also names event cancellation as FOM’s primary financial vulnerability, since race hosting fees generate the bulk of its incoming revenue.
The 2025 calendar ran without disruption, but that risk section reads differently against the backdrop of this year’s Middle East scheduling uncertainty, with the fate of the 2026 Qatar and Abu Dhabi Grands Prix still to be confirmed.
Taken together, the accounts show a business growing its top line at pace while ploughing much of that growth straight back into the infrastructure, staffing and logistics needed to run an expanding calendar.
Domenicali’s own pay easing back slightly, even as the operation around him scales up, fits a picture of reinvestment rather than one of an executive cashing in on growth.
