Formula One confirms 2026 Concorde Commercial Agreement signed by all teams
On the eve of the season-opening Australian Grand Prix, Formula 1 confirmed that all 11 teams, including new 2026 entry Cadillac, have agreed the commercial framework for a new five-year deal that will run to the end of 2030.
The Concorde Agreement is the commercial contract between the Formula One Group, the Formula One teams and the Federation Internationale de l’Automobile dictates the terms by which the teams compete in races and how the television revenues and prize money is divided.
The first Concorde Agreement was signed in 1981, named after the plaza in Paris where the discussions took place.
The current Concorde Agreement is expiring at the end of the 2025 season. Ahead of last Sunday's Australian Grand Prix, Formula 1 announced that all of the sport's teams have recently signed the 2026 Concorde Commercial Agreement. However, the FIA still needs to finalise governance terms of the new deal.
A Formula 1 statement said: "Formula 1 can confirm that all teams have signed the 2026 Concorde Commercial Agreement, which secures the long-term economic strength of the sport.
"Formula 1 has never been in a stronger position and all stakeholders have seen positive benefits and significant growth. We thank all the teams for their engagement during this process to reach the best outcome for the sport. The 2026 Concorde Governance Agreement will be finalised in due course."
