Emerson Fittipaldi won the Italian Grand Prix 1972 at Autodromo Nazionale di Monza on 10 September 1972, starting from P4 on the grid. Mike Hailwood finished second for Surtees, with Denny Hulme completing the podium for McLaren.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 4 | Emerson FittipaldiFIT | Team Lotus | 55 | 1:29:58.4 | 9 | |
| 2 | 9 | Mike HailwoodHAI | Surtees | 55 | +14.5 | 6 | |
| 3 | 5 | Denny HulmeHUL | McLaren | 55 | +23.8 | 4 | |
| 4 | 8 | Peter RevsonREV | McLaren | 55 | +35.7 | 3 | |
| 5 | 13 | Graham HillHIL | Brabham | 55 | +1:05.6 | 2 | |
| 6 | 12 | Peter GethinGET | BRM | 55 | +1:21.9 | 1 | |
| 7 | 7 | Mario AndrettiAND | Ferrari | 54 | +1 Lap | 0 | |
| 8 | 16 | Jean-Pierre BeltoiseBEL | BRM | 54 | +1 Lap | 0 | |
| 9 | 24 | Ronnie PetersonPET | March | 54 | +1 Lap | 0 | |
| 10 | 25 | Mike BeuttlerBEU | March | 54 | +1 Lap | 0 | |
| 11 | 17 | Howden GanleyGAN | BRM | 52 | +3 Laps | 0 | |
| 12 | 10 | Reine WisellWIS | BRM | 51 | +4 Laps | 0 | |
| 13 | 20 | Niki LaudaLAU | March | 50 | +5 Laps | 0 | |
| R | 1 | Jacky IckxICK | Ferrari | 46 | Electrical | 0 | |
| R | 2 | Chris AmonAMO | Matra | 38 | Brakes | 0 | |
| R | 21 | Andrea de AdamichDEA | Surtees | 33 | Brakes | 0 | |
| R | 19 | Wilson FittipaldiFIT | Brabham | 20 | Suspension | 0 | |
| R | 22 | John SurteesSUR | Surtees | 20 | Fuel system | 0 | |
| R | 15 | Tim SchenkenSCH | Surtees | 20 | Spun off | 0 | |
| R | 4 | Clay RegazzoniREG | Ferrari | 16 | Collision | 0 | |
| R | 18 | Carlos PacePAC | March | 15 | Collision | 0 | |
| R | 11 | Carlos ReutemannREU | Brabham | 14 | Suspension | 0 | |
| R | 14 | François CevertCEV | Tyrrell | 14 | Engine | 0 | |
| R | 23 | Nanni GalliGAL | Tecno | 6 | Engine | 0 | |
| R | 3 | Jackie StewartSTE | Tyrrell | 0 | Clutch | 0 | |
| F | 0 | Henri PescaroloPES | March | 0 | Did not qualify | 0 | |
| F | 0 | Derek BellBEL | Tecno | 0 | Did not qualify | 0 |