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Lewis Hamilton’s Final Season Skyrockets Mercedes Profits: £36.5M Increase Stuns F1 World

James Taylor by James Taylor
June 20, 2025
in Motorsports
Reading Time: 2 mins read
0
Lewis Hamilton’s Final Season Skyrockets Mercedes Profits: £36.5M Increase Stuns F1 World

Formula One F1 - Spanish Grand Prix - Circuit de Barcelona-Catalunya, Barcelona, Spain - June 1, 2025 Ferrari's Lewis Hamilton waves towards fans with Mercedes' Andrea Kimi Antonelli ahead of the race REUTERS/Bruna Casas

Mercedes F1 Team Smashes Profit Records as Lewis Hamilton Bids Farewell

In a jaw-dropping financial feat, Mercedes F1 Team has shattered profit records, raking in a staggering after-tax profit of almost £120 million in 2024, marking Lewis Hamilton’s final season with the Brackley squad.

The seven-time world champion bid adieu to Mercedes even before the 2024 season kicked off, announcing his move to Ferrari for 2025 and drawing the curtain on a golden era with Mercedes, where he clinched 84 race wins and six world drivers’ championships.

The team’s financial prowess in 2024 was nothing short of spectacular, with publicly available documents on Companies House in the UK revealing a remarkable profit after tax of £120,344,000. This figure represents a remarkable surge of £36,498,000 from the previous year’s after-tax profit of £83.846 million.

According to the documents signed by the team principal and CEO Toto Wolff, Mercedes attributed their financial success in 2024 to “higher commercial revenues from sponsorship and licensing, accounting for over 60% of income.”

Furthermore, the team reported a substantial increase in turnover, reaching £636.025 million in 2024, a significant rise from £546.450 million in 2023, reflecting a staggering increase of £89.575 million year-on-year.

Despite a bump in expenditures from £413.671 million in 2023 to £448.793 million in 2024, which included an additional grand prix and the return of the flyaway Chinese Grand Prix after a five-year hiatus due to the pandemic, Mercedes still managed to achieve a gross profit surge of nearly £65 million to reach £187.232 million in 2024.

After factoring in expenses, the team boasted an operating profit of £160.64 million, marking a substantial rise from £113.786 million in 2023. Following the recoupment of interest, Mercedes closed the financial year with a profit before tax of £164.046 million, a notable increase from the 2023 level of £115.830 million.

In 2024, the team paid £42.702 million in taxes, resulting in an after-tax profit of £120.344 million for the financial year ending December 31st, 2024, a significant jump from £83.846 million in 2023, representing a hefty increase of £36.498 million.

While all UK-based F1 teams are obligated to submit similar financial documentation, with Red Bull and McLaren yet to disclose their figures until September 30, 2025, Mercedes has set the bar high with their exceptional financial performance in Lewis Hamilton’s final season.

Stay tuned for more exhilarating updates from the world of motorsport as we delve into the hottest topics and most controversial moments on the track.

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