Mercedes’ Formula 1 operation generated approximately $844 million in revenue during 2025 and paid its shareholders a dividend of about $167 million, according to accounts filed with Britain’s Companies House.
Revenue was almost unchanged from approximately $843 million in 2024, but the shape of the business improved. Operating profit rose 6.8 percent to about $222 million, while profit after tax increased from approximately $156 million to $168 million.
Cost of sales fell from roughly $599 million to $565 million. That reduction did considerably more for the bottom line than the modest increase in turnover, which is the less glamorous side of making a Formula 1 team faster without making it financially slower.
The accounts divide revenue into approximately $722 million from sponsorship, branding and racing activities, up from $701 million, and about $122 million from other sources. The commercial gain more than offset the decline in that second category.
Mercedes finished second in the 2025 constructors’ championship, but its financial performance was stronger than its competitive position might suggest. The figures underline how established Formula 1 teams have become valuable commercial businesses as well as expensive racing operations.
The $167 million dividend was declared in respect of the year ending December 31, 2024. The company paid approximately $100 million in March 2025 and the remaining $67 million in May. The previous year’s dividend was about $133 million.
The payment went to the shareholder group behind the team, which includes Mercedes-Benz, Ineos and team principal Toto Wolff. It was nearly equal to the company’s entire $168 million profit after tax for 2025.
The accounts were filed on June 7, 2026, and cover Mercedes-Benz Grand Prix Limited and its subsidiaries. They do not reveal how many tenths the finance department found, but they make clear that the Brackley operation is producing returns as well as racing cars.