Jackie Stewart won the Argentine Grand Prix 1972 at Autódromo Juan y Oscar Gálvez on 23 January 1972, starting from P2 on the grid. Denny Hulme finished second for McLaren, with Jacky Ickx completing the podium for Ferrari.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 2 | Jackie StewartSTE | Tyrrell | 95 | 1:57:59.1 | 9 | |
| 2 | 4 | Denny HulmeHUL | McLaren | 95 | +25.96 | 6 | |
| 3 | 8 | Jacky IckxICK | Ferrari | 95 | +59.39 | 4 | |
| 4 | 6 | Clay RegazzoniREG | Ferrari | 95 | +1:06.72 | 3 | |
| 5 | 11 | Tim SchenkenSCH | Surtees | 95 | +1:09.11 | 2 | |
| 6 | 10 | Ronnie PetersonPET | March | 94 | +1 Lap | 1 | |
| 7 | 1 | Carlos ReutemannREU | Brabham | 93 | +2 Laps | 0 | |
| 8 | 15 | Henri PescaroloPES | March | 93 | +2 Laps | 0 | |
| 9 | 13 | Howden GanleyGAN | BRM | 93 | +2 Laps | 0 | |
| 10 | 19 | Helmut MarkoMAR | BRM | 93 | +2 Laps | 0 | |
| 11 | 22 | Niki LaudaLAU | March | 93 | +2 Laps | 0 | |
| R | 5 | Emerson FittipaldiFIT | Team Lotus | 61 | Suspension | 0 | |
| R | 17 | François CevertCEV | Tyrrell | 59 | Gearbox | 0 | |
| R | 7 | Reine WisellWIS | BRM | 59 | Water leak | 0 | |
| R | 3 | Peter RevsonREV | McLaren | 49 | Engine | 0 | |
| R | 9 | Mario AndrettiAND | Ferrari | 20 | Engine | 0 | |
| R | 14 | Andrea de AdamichDEA | Surtees | 11 | Fuel system | 0 | |
| R | 16 | Graham HillHIL | Brabham | 11 | Fuel pump | 0 | |
| D | 20 | David WalkerWAL | Team Lotus | 8 | Disqualified | 0 | |
| R | 18 | Peter GethinGET | BRM | 1 | Oil leak | 0 | |
| R | 21 | Alex Soler-RoigSOL | BRM | 1 | Accident | 0 | |
| W | 12 | Chris AmonAMO | Matra | 0 | Withdrew | 0 |