Mercedes also maintained the distinction of being the only team to win the championship since the 2014 turbo-hybrid engine regulation changes were enacted. At the Emilia Romagna Grand Prix, Mercedes secured their seventh consecutive Constructors' Championship making them the only team to win seven consecutive championships, breaking Ferrari's record from 1999 to 2004. Lewis Hamilton and Mercedes entered the season as the reigning World Drivers' and World Constructors' champions respectively, after they both won their sixth championship in 2019.

Due to the COVID-19 pandemic, the first eight rounds of the championship were run behind closed doors, with the rest of the races being run at a reduced capacity or also behind closed doors due to the second wave of the COVID-19 pandemic. The season started in July with the Austrian Grand Prix and ended in December with the Abu Dhabi Grand Prix.

The season was due to be contested over a record of 22 Grands Prix, but as some races were cancelled and new races were added to replace them, a total of 17 races were run. The championship was originally due to start in March, but the start was postponed until July in response to the COVID-19 pandemic. Drivers and teams competed for the titles of World Drivers' Champion and World Constructors' Champion, respectively.

The championship was recognised by the governing body of international motorsport, the Fédération Internationale de l'Automobile (FIA), as the highest class of competition for open-wheel racing cars. It marked the 70th anniversary of the first Formula One World Drivers' Championship. The 2020 FIA Formula One World Championship was the motor racing championship for Formula One cars which was the 71st running of the Formula One World Championship. Mercedes secured their seventh Constructors' Championship at the Emilia Romagna Grand Prix, breaking the record for most consecutive constructors' championships

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