Nigel Mansell holds the record of competing in the highest number of seasons before winning the World Championship, entering Formula One in 1980 and achieving the title in 1992, a span of 13 seasons. Schumacher also holds the record for the most consecutive drivers' titles with five between the 2000 and the 2004 seasons. Juan Manuel Fangio is third with five titles. Michael Schumacher and Lewis Hamilton hold the record for the most World Drivers' Championships, both having won the title on seven occasions. The World Championship is won when it is no longer mathematically possible for another competitor to overtake their points total regardless of the outcome of the remaining races, although it is not officially awarded until the FIA Prize Giving Ceremony held in various cities following the conclusion of the season.

The World Drivers' Championship is presented by the FIA to the most successful Formula One driver over the course of the season through a points system based on individual Grand Prix results. The Formula One World Championship season consists of a series of races, known as Grands Prix, held usually on purpose-built circuits, and in a few cases on closed city streets. The 'formula' in the name refers to a set of rules to which all participants and cars must conform.

Formula One, abbreviated to F1, is the highest class of open-wheeled auto racing defined by the Fédération Internationale de l'Automobile (FIA), motorsport's world governing body.

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