The FIA Formula 2 Championship is the premier junior single-seater series, with races taking place as part of Formula 1 events. The modern F2 began as the GP2 Series in 2005 before taking on its current name in 2017.
F2 and FIA F3 promoter Formula Motorsport Ltd posted record pre-tax profits of €18.6 million in 2023, an increase of over 300% on 2022.