Olivier Panis won the Monaco Grand Prix 1996 at Circuit de Monaco on 19 May 1996, starting from P14 on the grid. David Coulthard finished second for McLaren, with Johnny Herbert completing the podium for Sauber.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 14 | Olivier PanisPAN | Ligier | 75 | 2:00:45.629 | 10 | |
| 2 | 5 | David CoulthardCOU | McLaren | 75 | +4.828 | 6 | |
| 3 | 13 | Johnny HerbertHER | Sauber | 75 | +37.503 | 4 | |
| 4 | 9 | Heinz-Harald FrentzenFRE | Sauber | 74 | Withdrew | 3 | |
| 5 | 11 | Mika SaloSAL | Tyrrell | 70 | Collision | 2 | |
| 6 | 8 | Mika HäkkinenHKK | McLaren | 70 | Collision | 1 | |
| 7 | 7 | Eddie IrvineIRV | Ferrari | 68 | Collision | 0 | |
| R | 10 | Jacques VilleneuveVIL | Williams | 66 | Collision | 0 | |
| R | 3 | Jean AlesiALE | Benetton | 60 | Suspension | 0 | |
| R | 21 | Luca BadoerBAD | Forti | 60 | Collision | 0 | |
| R | 2 | Damon HillHIL | Williams | 40 | Engine | 0 | |
| R | 16 | Martin BrundleBRU | Jordan | 30 | Spun off | 0 | |
| R | 4 | Gerhard BergerBER | Benetton | 9 | Gearbox | 0 | |
| R | 17 | Pedro DinizDIN | Ligier | 5 | Transmission | 0 | |
| R | 20 | Ricardo RossetROS | Footwork | 3 | Spun off | 0 | |
| R | 15 | Ukyo KatayamaKAT | Tyrrell | 2 | Spun off | 0 | |
| R | 1 | Michael SchumacherMSC | Ferrari | 0 | Spun off | 0 | |
| R | 6 | Rubens BarrichelloBAR | Jordan | 0 | Spun off | 0 | |
| R | 19 | Pedro LamyLAM | Minardi | 0 | Collision | 0 | |
| R | 18 | Giancarlo FisichellaFIS | Minardi | 0 | Collision | 0 | |
| R | 12 | Jos VerstappenVER | Footwork | 0 | Spun off | 0 | |
| F | 22 | Andrea MonterminiMON | Forti | 0 | Injury | 0 |
| Pos | Driver | Team | Q1 | Q2 | Q3 |
|---|---|---|---|---|---|
| 1 | Michael Schumacher | Ferrari | 1:20.356 | - | - |
| 2 | Damon Hill | Williams | 1:20.866 | - | - |
| 3 | Jean Alesi | Benetton | 1:20.918 | - | - |
| 4 | Gerhard Berger | Benetton | 1:21.067 | - | - |
| 5 | David Coulthard | McLaren | 1:21.460 | - | - |
| 6 | Rubens Barrichello | Jordan | 1:21.504 | - | - |
| 7 | Eddie Irvine | Ferrari | 1:21.542 | - | - |
| 8 | Mika Häkkinen | McLaren | 1:21.688 | - | - |
| 9 | Heinz-Harald Frentzen | Sauber | 1:21.929 | - | - |
| 10 | Jacques Villeneuve | Williams | 1:21.963 | - | - |
| 11 | Mika Salo | Tyrrell | 1:22.235 | - | - |
| 12 | Jos Verstappen | Footwork | 1:22.327 | - | - |
| 13 | Johnny Herbert | Sauber | 1:22.346 | - | - |
| 14 | Olivier Panis | Ligier | 1:22.358 | - | - |
| 15 | Ukyo Katayama | Tyrrell | 1:22.460 | - | - |
| 16 | Martin Brundle | Jordan | 1:22.519 | - | - |
| 17 | Pedro Diniz | Ligier | 1:22.682 | - | - |
| 18 | Giancarlo Fisichella | Minardi | 1:22.684 | - | - |
| 19 | Pedro Lamy | Minardi | 1:23.350 | - | - |
| 20 | Ricardo Rosset | Footwork | 1:24.976 | - | - |
| 21 | Luca Badoer | Forti | 1:25.059 | - | - |
| 22 | Andrea Montermini | Forti | 1:25.393 | - | - |