The Mercedes AMG Petronas F1 Team has been the works team of German car manufacturer Daimler AG in Formula 1 since the 2010 season, having emerged from the British racing team Brawn GP. The team is based in Brackley, UK, but competes under a German licence. The engines are manufactured at Mercedes AMG HPP in Brixworth and are also supplied to customer teams. From 2021, the racing team will be owned one-third each by Daimler AG, Ineos and CEO Toto Wolff.

The Mercedes-Benz brand has a long tradition in Grand Prix racing. Both Daimler-Motoren-Gesellschaft and Benz & Cie. were participants in the first official Paris-Rouen motorsport event in 1894, even before their merger, and Daimler won a circuit race for the first time in 1903 with the Gordon Bennett Cup. After the merger, the Silver Arrows dominated the international motorsport scene in the second half of the 1930s and they won the European Grand Prix Championship several times with Rudolf Caracciola, the most important championship at the time. In reference to this era, the Mercedes racing cars are still called Silver Arrows today.

After the end of the Second World War, Mercedes-Benz temporarily became involved in motor racing again. In 1954 and 1955, the Mercedes works team won two world championship titles with the Argentinian racing driver Juan Manuel Fangio. After a 38-year hiatus from Formula racing, Mercedes returned to Formula 1 in 1993, initially as an engine supplier alongside Sauber. In 1995, Mercedes switched to McLaren as a partner and won three drivers' titles as McLaren-Mercedes until 2009.

Since 2010, the company has once again maintained its own works team in the top motorsport class. In the 2014 season, the team won its first Constructors' World Championship with Lewis Hamilton as World Drivers' Champion. The season was the start of an era. As a result, the team went on to win both the drivers' title and the constructors' title for seven consecutive seasons from 2014 to 2020 - unprecedented in Formula One history, with Nico Rosberg winning the drivers' title in 2016 and Hamilton securing the others. Since the introduction of the V6 turbo engines at the beginning of 2014, Mercedes has won a total of 102 of the 138 (just under 74%) Grand Prix contested up to the end of 2020.

In those years, the team set the record for most wins (19, 2016), most pole positions (20, 2016), most podium finishes (33, 2016), most one-two finishes (12, 2015) and most points (765, 2016) in a season.

Since the 2017 season, the team has competed with the driver duo Lewis Hamilton and Valtteri Bottas. Because Hamilton was out of action for one race in 2020 due to COVID-19, George Russell was also used.