Formula One Group (FWONK) Stock Price & Analysis
Formula One Group (FWONK) closed at USD 91.15 on Thursday, October 22, 2026, down 0.13% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 91.27; the Oct 22, 2026 session ranged USD 90.54–92.11 on volume of 2,599,195 shares. Market capitalization is $22.85B, with a 52-week range of USD 80.15–107.31 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FWONK.md
Key facts (FWONK)
- Last four reported quarters (through Jun 30, 2026): revenue $4.34B, net income $408M (9.4% margin), free cash flow $823M (SEC filings).
- 3 of 80 tracked superinvestors hold FWONK (13F, Q2 2026): 0 new, 0 added, 3 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $10.1M; 2 not under a Rule 10b5-1 plan ($10.1M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y -6.0% vs S&P 500 +14.9%; 5Y +71.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.51, revenue estimate $1.24B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FWONK)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $11.4B | $3.16B | $3.57B | $3.65B | $4.48B | $4.34B |
| Operating income | $1.98B | $145M | $266M | $287M | $577M | $516M |
| Net income | $398M | $1.81B | $761M | -$2.06B | $555M | $408M |
| Free cash flow | $2.00B | $2.24B | $2.00B | $492M | $789M | $823M |
| Operating margin | 17.3% | 4.6% | 7.4% | 7.9% | 12.9% | 11.9% |
| Net margin | 3.5% | 57.4% | 21.3% | -56.5% | 12.4% | 9.4% |
| Revenue growth | +21.8% | -72.3% | +13.0% | +2.3% | +22.7% | — |
| Cash + short-term investments | $2.81B | $1.88B | $1.41B | $2.63B | $1.05B | — |
| Total debt | $18.6B | $16.6B | $4.22B | $2.99B | $5.10B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FWONK)
Superinvestors (SEC 13F-HR, Q2 2026) (FWONK)
3 of 80 tracked investors hold FWONK. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Ruane Cunniff | Ruane Cunniff LP | 8.68% | $558M | Reduced -2.7% |
| Dennis Hong | ShawSpring Partners | 7.00% | $16.3M | Reduced -15.8% |
| Chase Coleman | Tiger Global Management | 0.90% | $217M | Reduced -15.0% |
Insider sales (SEC Form 4, open-market, last ~7 months) (FWONK)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-15 | Wilm Renee L | Chief Legal/Admin Officer | 11,597 | $1.0M | 42.7% | No | Too little history (no open-market trades in 2023) |
| 2026-05-27 | Carey Chase | Director | 100,000 | $9.0M | 51.5% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (FWONK)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | Susquehanna | Target lowered | Positive | $114 → $110 |
| 2026-09-29 | Wells Fargo | Target lowered | Equal-Weight | $105 → $96 |
| 2026-09-09 | Jefferies | Initiated | Buy | $115 |
| 2026-08-17 | Guggenheim | Target raised | Buy | $125 → $134 |
| 2026-08-07 | UBS | Target raised | Neutral | $104 → $110 |
| 2026-08-07 | JP Morgan | Target raised | Overweight | $124 → $125 |
| 2026-08-07 | Wells Fargo | Target raised | Equal-Weight | $97 → $105 |
| 2026-07-29 | Guggenheim | Target raised | Buy | $124 → $125 |
| 2026-07-28 | Bernstein | Target raised | Outperform | $115 → $119 |
| 2026-07-21 | JP Morgan | Target raised | Overweight | $111 → $124 |
| 2026-07-06 | B of A Securities | Target raised | Buy | $105 → $115 |
Total return (dividends reinvested) (FWONK)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -6.0% | +71.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -6.1% | +11.4% |
| Volatility (annualized) | 25.0% | 26.8% |
| Max drawdown | -21.1% (Nov 2025→Mar 2026) | -23.2% (Mar 2022→Oct 2022) |
FWONK revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Formula One | $764.0M | 81.8% | -37.7% |
| Motogp | $170.0M | 18.2% | — |
| Total revenue | $934.0M | 100% | — |
FWONK revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Motorsport | $934.0M | 100.0% | -22.4% |
| Primary | $622.0M | 66.6% | -39.7% |
| Product & Service Other | $142.0M | 15.2% | -26.8% |
| Total revenue | $934.0M | 100% | — |
FWONK revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United Kingdom | $3.78B | 84.4% | +14.0% |
| United States | $378.0M | 8.4% | +12.8% |
| Spain | $310.0M | 6.9% | — |
| Other Country Other Than Us & Uk | $12.0M | 0.3% | — |
| Total revenue | $4.48B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
FWONK suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Honda (HMC) | “At the end of the 2025 F1 Championship Renault ceased to be an engine supplier, with Audi and Honda supplying engines starting from the 2026 F1 Championship season.” |
| Partner | Liberty Live Holdings, Inc. (LLYVA) | “Under our tax sharing agreement with Liberty Live Holdings, Liberty Live Holdings is generally responsible for, and is required to indemnify us for, taxes and certain losses resulting from the Liberty Sirius XM Holdings Split-Off which are not allocated to and paid by Liberty Sirius XM Holdings pursuant to our tax sharing agreement with Liberty Sirius XM Holdings, subject to certain exceptions.” |
| Partner | Liberty Sirius XM Holdings | “Under our tax sharing agreement with Liberty Live Holdings, Liberty Live Holdings is generally responsible for, and is required to indemnify us for, taxes and certain losses resulting from the Liberty Sirius XM Holdings Split-Off which are not allocated to and paid by Liberty Sirius XM Holdings pursuant to our tax sharing agreement with Liberty Sirius XM Holdings, subject to certain exceptions.” |
Quoted from the company's 10-K filed Feb 26, 2026.
Companies that name FWONK in their SEC reports
| Relationship to FWONK | Company | Filing | Sentence |
|---|---|---|---|
| partner | Infinite Eagle Acquisition Corp. (IEAG) | 10-K Mar 23, 2026 | “in partnership with Liberty Media Corporation and other investors, of Telemundo Network Group, LLC, ("Telemundo").” |
| partner | Bold Eagle Acquisition Corp. (BEAG) | 10-K Mar 23, 2026 | “While at SPE, he spearheaded SPE's acquisition, in partnership with Liberty Media Corporation and other investors,” |
| partner | Liberty Live Holdings, Inc. (LLYVK) | 10-K Feb 26, 2026 | “As described above, Liberty Live is party to a services agreement with Liberty Media, pursuant to which 74 Liberty Media corporate employees provide certain management services to Liberty Live for a determined fee.” |
| related | Live Nation Entertainment, Inc. (LYV) | 10-K Feb 19, 2026 | “This related party relationship ended when Liberty Live was split off from Liberty Media Corporation.” |
| partner | Liberty Capital Corp/NV (GLIBK) | 10-K Feb 11, 2026 | “GCI Liberty is party to a Services Agreement with Liberty Media, pursuant to which 74 Liberty Media corporate employees (as of December 31, 2025) provide certain management services to GCI Liberty for a determined fee.” |
| partner | SIRIUS XM HOLDINGS INC. (SIRI) | 10-K Feb 5, 2026 | “On February 1, 2021, we entered into a tax sharing agreement with Liberty Media governing the allocation of consolidated U.S. income tax liabilities and setting forth agreements with respect to other tax matters.” |
FWONK company outlook (results filed Aug 6, 2026)
- “The financial information below is presented for illustrative purposes only and does not purport to represent the actual results of operations of MotoGP had the acquisition occurred on January 1, 2024, or to project the results of operations of Liberty for any future periods.”
Quoted word-for-word from the SEC 8-K results press release.
FWONK analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.51 | $0.55 | -7.1% | $1.24B | 6 |
| Next quarter (ends Dec 2026) | $0.88 | $0.75 | +16.9% | $1.86B | 6 |
| Current fiscal year (ends Dec 2026) | $1.61 | $1.78 | -9.9% | $4.75B | 6 |
| Next fiscal year (ends Dec 2027) | $1.95 | $2.13 | -8.4% | $5.27B | 6 |
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 91.15 |
|---|---|
| Change | ▼ 0.13% (down) |
| Previous Close | USD 91.27 |
| Open | USD 91.05 |
| Day Range | USD 90.54 – 92.11 |
| 52-Week Range | USD 80.15 – 107.31 |
| Volume | 2,599,195 shares |
| Market Cap | $22.85B |
| Exchange | NMS |
Technical Analysis (FWONK)
Nexqual's technical model rates FWONK "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 41.95 (neutral) |
| vs SMA50 | Below (USD 96.49) |
| MACD | -1.33 (negative) |
Earnings (FWONK)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.51 |
| Revenue Estimate | $1.24B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.02 vs est 0.25 ▼ miss |
| 2026-03-31 | USD 0.03 vs est -0.01 ▲ beat |
| 2025-12-31 | USD 0.38 vs est 0.4 ▼ miss |
| 2025-09-30 | USD 0.29 vs est 0.28 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (FWONK)
| Total Revenue | $4.02B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +18.30% |
| Gross Margin | +32.58% |
| Operating Margin | +15.96% |
| Profit Margin | +5.52% |
| ROE | +2.73% |
| Debt / Equity | 0.6 |
| Current Ratio | 1.25 |
| Total Cash | $1.29B |
| Total Debt | $5.16B |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Ownership (FWONK)
| Insider Ownership | +1.40% |
|---|---|
| Institutional Ownership | +102.31% |
| Shares Outstanding | 224.34M |
| Float | 242.63M |
| Short % of Float | +4.21% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Leadership (FWONK)
Formula One Group is led by Stefano Domenicali, President & CEO, per Nexqual as of October 23, 2026 at 09:22 UTC.
| President & CEO | Stefano Domenicali |
|---|---|
| Chief Financial Officer | Duncan Llowarch |
| Investor Relations Coordinator | Amber Conn |
Major Backers & Investors (FWONK)
Notable institutional backers of Formula One Group include Jupiter Topco LLC, Principal Financial Group, Inc., Morgan Stanley, according to Nexqual as of October 23, 2026 at 09:22 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Jupiter Topco LLC | 4.04% |
| Principal Financial Group, Inc. | 3.56% |
| Morgan Stanley | 3.42% |
| JANUS INVESTMENT FUND-Janus Henderson Enterprise Fund | 2.8% |
| Bank of America Corporation | 2.77% |
| Manufacturers Life Insurance Co. | 2.37% |
| Naya Capital Management Uk Ltd | 2.36% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.32% |
| BlackRock | 6.2% |
| State Street | 2.37% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From Formula One Group's Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- Under the 2026 Concorde Agreement, Formula 1 also has the exclusive right, subject to limited exceptions, to use each Formula 1 Team's intellectual property rights (including image rights) to portray the F1 Championship and/or any Formula 1 Event in any visual form.
- Under the IRTA Agreement, MotoGP also has the exclusive right, subject to some exceptions, to use each collective MotoGP Team's intellectual property rights (including image rights) to portray the MotoGP Championship and/or any MotoGP Event in any visual form.
Partnerships
- After the then-current Concorde Agreement expired on December 31, 2012, Formula 1 entered into a separate binding bilateral agreement with each Formula 1 Team (the "Formula 1 Team Agreements"), securing the relevant Formula 1 Team's commitment to continue participating in the F1 Championship until December 31, 2020.
- MotoGP has commercial agreements with IRTA (the "IRTA Agreements"), which include the 2022 IRTA Agreement.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in tax laws could adversely affect Formula 1, MotoGP and the Company.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ROKU | Roku, Inc. | USD 160.06 | ▲ 1.45% |
| NWS | News Corporation | USD 33.95 | ▲ 2.01% |
| FOXA | Fox Corporation | USD 68.27 | ▲ 3.69% |
| WMG | Warner Music Group Corp. | USD 31.69 | ▲ 0.8% |
| TKO | TKO Group Holdings, Inc. | USD 177.72 | ▼ 0.12% |
| SKYD | Skydance Corporation | USD 7.79 | ▼ 1.02% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt