George Russell New Mercedes Deal Make Him Third Highest Paid F1 Driver
George Russell has officially signed contract extension at Mercedes for 2026 Formula 1 season. The new contract was anno...
Formula 1 Driver Salary Database
Complete salary breakdown and earnings for all F1 drivers
Squad Salaries
| # | Driver | Base Salary | Bonus | Total | Team | Contract |
|---|---|---|---|---|---|---|
| 1 | $55m | $20m | $75m | Red Bull | 5 yrs (2024/2028) | |
| 2 | $50m | $20m | $70m | Ferrari | 2 yrs (2025/2026) | |
| 3 | $40m | $8m | $48m | Mercedes | 3 yrs (2025/2027) | |
| 4 | $34m | $12m | $46m | Ferrari | 6 yrs (2024/2029) | |
| 5 | $20m | $8m | $28m | Aston Martin | 2 yrs (2025/2026) | |
| 6 | $20m | $10m | $30m | McLaren | 4 yrs (2022/2025) | |
| 7 | $10m | $5m | $15m | Williams | 2 yrs (2025/2026) | |
| 8 | $10m | $3m | $13m | Alpine | 2 yrs (2025/2026) | |
| 9 | $7m | $2m | $9m | Haas | 3 yrs (2025/2027) | |
| 10 | $6m | $10m | $16m | McLaren | 4 yrs (2025/2028) | |
| 11 | $5m | $8m | $13m | Williams | 3 yrs (2023/2025) | |
| 12 | $5m | $2m | $7m | Sauber | 2 yrs (2025/2026) | |
| 13 | $3m | $1m | $4m | Aston Martin | 2 yrs (2025/2026) | |
| 14 | $2m | $500k | $2.5m | Racing Bulls | 1 yrs (2025/2025) | |
| 15 | $2m | $2m | $4m | Mercedes | 1 yrs (2025/2025) | |
| 16 | $1m | $1m | $2m | Sauber | 2 yrs (2025/2026) | |
| 17 | $1m | $1m | $2m | Haas | 3 yrs (2025/2027) | |
| 18 | $1m | $900k | $1.9m | Racing Bulls | 1 yrs (2025/2025) | |
| 19 | $935k | $720k | $1.7m | Racing Bulls | 1 yrs (2025/2025) | |
| 20 | $400k | $200k | $600k | Alpine | 1 yrs (2025/2025) | |
| 21 | $300k | $0 | $300k | Alpine | 5 yrs (2025/2029) |
| Player |
Base Salary
|
Bonus
|
Total | Team | Contract |
|---|---|---|---|---|---|
| $55m | $20m | $75m | Red Bull | 5 yrs (2024/2028) | |
| $50m | $20m | $70m | Ferrari | 2 yrs (2025/2026) | |
| $40m | $8m | $48m | Mercedes | 3 yrs (2025/2027) | |
| $34m | $12m | $46m | Ferrari | 6 yrs (2024/2029) | |
| $20m | $8m | $28m | Aston Martin | 2 yrs (2025/2026) | |
| $20m | $10m | $30m | McLaren | 4 yrs (2022/2025) | |
| $10m | $5m | $15m | Williams | 2 yrs (2025/2026) | |
| $10m | $3m | $13m | Alpine | 2 yrs (2025/2026) | |
| $7m | $2m | $9m | Haas | 3 yrs (2025/2027) | |
| $6m | $10m | $16m | McLaren | 4 yrs (2025/2028) | |
| $5m | $8m | $13m | Williams | 3 yrs (2023/2025) | |
| $5m | $2m | $7m | Sauber | 2 yrs (2025/2026) | |
| $3m | $1m | $4m | Aston Martin | 2 yrs (2025/2026) | |
| $2m | $500k | $2.5m | Racing Bulls | 1 yrs (2025/2025) | |
| $2m | $2m | $4m | Mercedes | 1 yrs (2025/2025) | |
| $1m | $1m | $2m | Sauber | 2 yrs (2025/2026) | |
| $1m | $1m | $2m | Haas | 3 yrs (2025/2027) | |
| $1m | $900k | $1.9m | Racing Bulls | 1 yrs (2025/2025) | |
| $935k | $720k | $1.7m | Racing Bulls | 1 yrs (2025/2025) | |
| $400k | $200k | $600k | Alpine | 1 yrs (2025/2025) | |
| $300k | $0 | $300k | Alpine | 5 yrs (2025/2029) |
Formula 1 Salary Insights
Formula 1 is the most popular and lucrative motorsport in the world. In 2025 F1 is projected to generate over $4 billion in revenue which will be 20% more then previous year. 2025 will be 5th consecutive year where Formula 1 has generated more revenue then the year before. Majority of the yearly revenue is generated via TV & Streaming rights deals, annual fees to host a Grand Prixs and sponsorship deals.
Majority of the yearly revenue is distributed among teams based on yearly constructor's championship ranking and legacy payments to teams like Ferrari and Mercedes etc. Teams then use that money to sign drivers on short/long-term contracts with fixed yearly salaries.
Max Verstappen is currently the highest paid F1 driver with his contract with Red Bull earning him around $65 million a-year. Not all drivers are paid the same, some are on very low paying contracts and some are getting the biggest salaries in sports. We breakdown each driver's contract and how much every driver is earning now and their previous contracts.
Formula 1 Driver Salaries & Bonuses:
F1 teams and drivers keep their salaries, bonuses and other compensation very private. Drivers salaries details are never made public as Former f1 driver and now SkySports f1 pundit 'Martin Brundle' said that most of financial information available online about driver salaries is not accurate.
That is because complex nature of F1 driver contracts. That include base salaries which are not as high as majority of information available online. But there are number of bonuses every driver have which can elevate their yearly earnings to whole different level.
For example, When Kimi Raikonnen joined Lotus his base salary was only $3 million a-year however there was also per point bonus of $50,000. What did Kimi do ? he raked up 207 points in 2012 F1 season finishing third in driver's championship. While he also finished with 183 points in next year so his two year bonus was around $19.5 million plus another $6 million in base salaries making it a sweet €25.5 million over two-year contract.
Frequently Asked Questions
No FAQs available for Formula 1 yet.
Latest Formula 1 News & Analysis
Stay updated with the latest formula 1 financial and player market insights.
F1 2026 Driver Line-Ups: Every Confirmed Team & Driver So Far
Most of the the teams have confirmed both or atleast one driver for 2026 Formula 1 season. We have broken down each team...
F1 Grand Prix Hosting Fees 2026: Race Fees & Contracts Revealed
Cost of hosting Formula 1 Grand Prix has been increasing over the last two decades — It is now big part of F1’s global r...