F1 Driver Salaries: How much do Hamilton and Verstappen earn in 2025?

Being an F1 driver is one of the most glamorous jobs around in 2025 - but just how much money do Lewis Hamilton, Max Verstappen and co take home?

The contracts and salaries that teams offer their drivers are exempt from the budget cap, meaning those at the front of the grid remain some of the highest-paid sports stars around.

Hamilton made a stunning move to Ferrari for 2025, providing another massive deal to shake up the list of current driver salaries.

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How much do F1 drivers earn in 2025?

Salaries for F1 drivers are notoriously difficult to pin down; there can be a range of external elements such as contract upgrades, bonuses, and sponsorships, which makes it hard to identify just how much each driver earns.

In 2022, Max Verstappen penned one of the most lucrative deals for a driver in F1 history and was financially rubbing shoulders with great rival Lewis Hamilton. In 2023 and 2024, Verstappen earned even more than Hamilton due to performance-based bonuses, but the two biggest stars still remained the sport's highest earners.

Hamilton's latest Ferrari contract will bring him closer to his arch rival, and you'd imagine that if he manages to claim an unprecedented eighth world title with the team (it won't be in 2025 obviously...), then his bonuses will be through the roof.

READ MORE: Lewis Hamilton net worth: What F1 megastar earns from salary, sponsorship and endorsements

2025 title challenger Lando Norris is on a lucrative deal with McLaren, although his age and lack of proven world title pedigree means he is a way behind Verstappen and Hamilton.

Norris' team-mate and current championship leader Oscar Piastri signed a new contract with McLaren ahead of the 2025 season, and reportedly got a mammoth pay rise. Money well spent it appears by the team in papaya.

Here are the base salaries of F1 drivers, as reported by multiple credible sources, excluding any performance-based bonuses.

Does the F1 budget cap affect driver salaries?

Quite simply, it doesn't.

As mentioned, driver salaries are kept separate from the budget cap. Indeed the salaries of the three highest-paid employees are exempt, which in virtually all cases will include the team principals as well.

Other items which are kept exempt include marketing costs and utility bills incurred by the teams.

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