They said the practice of having the women milling about in the grid area before races was "clearly at odds with modern day societal norms".
Darts took a similar decision this month, banning the women who walk on with the players before matches.
"Over the last year we have looked at a number of areas which we felt needed updating so as to be more in tune with our vision for this great sport," said Sean Bratches, Managing Director, Commercial Operations at Formula 1.
Bratches said the practice was not "appropriate or relevant to Formula 1 and its fans, old and new, across the world."
The new Formula One season begins on March 25 with the Australian Grand Prix in Melbourne.
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