[7][8] Overall, Shwartzman claimed three wins and finished third in the standings with 212 points behind the Prema Powerteam duo of Ralf Aron and Guanyu Zhou.

In 2016, Shwartzman moved to Formula Renault 2.0 with reigning series champions Josef Kaufmann Racing after testing with the team at Motorland Aragon.

[13][14] In November 2016, Shwartzman was listed among the drivers partaking in the post-season test at Yas Marina with Koiranen GP.

He took third place at qualifying in Circuit Paul Ricard and finished second in the first race, losing only to his team-mate Jehan Daruvala.

Armstrong retired and Shwartzman crossed the finish line in first, but was given a five-second time penalty for causing a collision, dropping him down to third behind race winner HWA Racelab driver Jake Hughes, who took victory here last year, and Jehan Daruvala.

At the Hungaroring, it was the first weekend for the Russian driver to not score any podiums - he qualified fourth, but following a poor start, finished only in fifth.

The following day, he was set to take third position, however retired following difficulties in tyre management and a collision with Felipe Drugovich.

[26] At Spa-Francorchamps Shwartzman qualified in fourth position, and overtook Jehan Daruvala and Marcus Armstrong to finish in second place.

[29] Shwartzman joined Prema Racing for the 2020 FIA Formula 2 Championship, partnering Mick Schumacher.

He made a good start, moving up to fifth and later taking advantage for a mechanical issue for Guanyu Zhou and a mistake from Schumacher.

[35] Shwartzman finished in fourth, two places higher than where he started due to retirements from Giuliano Alesi and former Formula 3 teammate Marcus Armstrong.

Shwartzman took his first Formula 2 victory at the feature race of the second Red Bull Ring round, having started eighth.

[46] Shwartzman back in top form again in Barcelona, qualifying second and taking the lead from Ilott into the first corner.

Shwartzman survived a dramatic late safety car restart to finish in second place, only losing out to a timely pitstop from Nobuharu Matsushita.

[51][52] Shwartzman improved to ninth after starting 16th at Monza, but was just less than a second away from Louis Delétraz from taking reverse pole.

[70][71] He finished fifth in the second sprint race, and ended the weekend in third place, taking advantage of multiple incidents and penalties for other drivers.

He won once again, having a brilliant start to pass Christian Lundgaard, Jüri Vips and Roy Nissany before the first corner.

Shwartzman got his home podium in mixed conditions by finishing third, after a battle with Jake Hughes and an incident for Lawson.

[81][82] Shwartzman qualified second from following up with fastest in free practice, forming a Prema front row lockout in Jeddah.

He also participated in a test with the Ferrari SF21 in September, at the Fiorano circuit together with Antonio Giovinazzi, in order to prepare them both for the free practice sessions in which they were to compete.

[98] At his first free practice outing, Shwartzman finished the session 16th, highest of the rookies but well down on his teammate who set the fastest time.

[109] He partook in his first free practice of the year at the Dutch Grand Prix for Kick Sauber, placing 16th in the session.

[110][111] Later that year, Shwartzman participated during the first free practice session at the Mexico City Grand Prix with Kick Sauber, and finished 19th.

[112][113] During the session, he obtained a 5 position grid penalty, which can only be served if he competes in a race, for overtaking under double yellow flags.

[115] Shwartzman returned to competition in 2023, pairing up with Nicklas Nielsen and Alessio Rovera at AF Corse in the GT World Challenge Europe Endurance Cup, thus making his debut in sportscar racing.

[119][120] Shwartzman would compete in the 2024 FIA World Endurance Championship for AF Corse alongside Yifei Ye and Robert Kubica.

[121] Shwartzman started the season in good fashion, as the #83 finished the Qatar 1812 km in fourth place on its debut.

[122] At a chaotic 24 Hours of Le Mans, the #83 would find themselves in the lead at the six-hour mark, but was penalised after Robert Kubica took out Dries Vanthoor, and the former would receive a 30-second penalty.

[125][126] An eighth place in the 8 Hours of Bahrain, put the #83 AF Corse ninth in the Hypercar standings, with 57 points.

[127] On 5 November 2024, it was announced that Shwartzman will compete full-time in the series for Prema Racing in 2025, alongside former Formula 2 rival Callum Ilott.