Emerson Fittipaldi won the Austrian Grand Prix 1972 at Red Bull Ring on 13 August 1972, starting from pole position. Denny Hulme finished second for McLaren, with Peter Revson completing the podium for McLaren.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 1 | Emerson FittipaldiFIT | Team Lotus | 54 | 1:29:16.660 | 9 | |
| 2 | 7 | Denny HulmeHUL | McLaren | 54 | +1.18 | 6 | |
| 3 | 4 | Peter RevsonREV | McLaren | 54 | +36.53 | 4 | |
| 4 | 12 | Mike HailwoodHAI | Surtees | 54 | +44.76 | 3 | |
| 5 | 6 | Chris AmonAMO | Matra | 54 | +45.64 | 2 | |
| 6 | 10 | Howden GanleyGAN | BRM | 54 | +1:01.19 | 1 | |
| 7 | 3 | Jackie StewartSTE | Tyrrell | 54 | +1:09.09 | 0 | |
| 8 | 21 | Jean-Pierre BeltoiseBEL | BRM | 54 | +1:21.45 | 0 | |
| 9 | 20 | François CevertCEV | Tyrrell | 53 | +1 Lap | 0 | |
| 10 | 22 | Niki LaudaLAU | March | 53 | +1 Lap | 0 | |
| 11 | 8 | Tim SchenkenSCH | Surtees | 52 | +2 Laps | 0 | |
| 12 | 11 | Ronnie PetersonPET | March | 52 | +2 Laps | 0 | |
| 13 | 16 | Peter GethinGET | BRM | 51 | +3 Laps | 0 | |
| 14 | 13 | Andrea de AdamichDEA | Surtees | 51 | +3 Laps | 0 | |
| R | 17 | Rolf StommelenSTO | March | 48 | Engine | 0 | |
| N | 18 | Carlos PacePAC | March | 46 | Not classified | 0 | |
| R | 23 | Nanni GalliGAL | Tecno | 45 | Oil leak | 0 | |
| R | 14 | Graham HillHIL | Brabham | 36 | Injection | 0 | |
| R | 15 | Wilson FittipaldiFIT | Brabham | 31 | Brakes | 0 | |
| R | 24 | Mike BeuttlerBEU | March | 24 | Fuel system | 0 | |
| R | 25 | François MigaultMIG | Connew | 22 | Suspension | 0 | |
| R | 9 | Jacky IckxICK | Ferrari | 20 | Fuel system | 0 | |
| R | 5 | Carlos ReutemannREU | Brabham | 14 | Injection | 0 | |
| R | 2 | Clay RegazzoniREG | Ferrari | 13 | Fuel system | 0 | |
| R | 19 | David WalkerWAL | Team Lotus | 6 | Engine | 0 |