Jean-Pierre Beltoise won the Monaco Grand Prix 1972 at Circuit de Monaco on 14 May 1972, starting from P4 on the grid. Jacky Ickx finished second for Ferrari, with Emerson Fittipaldi completing the podium for Team Lotus.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 4 | Jean-Pierre BeltoiseBEL | BRM | 80 | 2:26:55.3 | 9 | |
| 2 | 2 | Jacky IckxICK | Ferrari | 80 | +38.2 | 6 | |
| 3 | 1 | Emerson FittipaldiFIT | Team Lotus | 79 | +1 Lap | 4 | |
| 4 | 8 | Jackie StewartSTE | Tyrrell | 78 | +2 Laps | 3 | |
| 5 | 10 | Brian RedmanRED | McLaren | 77 | +3 Laps | 2 | |
| 6 | 6 | Chris AmonAMO | Matra | 77 | +3 Laps | 1 | |
| 7 | 18 | Andrea de AdamichDEA | Surtees | 77 | +3 Laps | 0 | |
| 8 | 17 | Helmut MarkoMAR | BRM | 77 | +3 Laps | 0 | |
| 9 | 21 | Wilson FittipaldiFIT | Brabham | 77 | +3 Laps | 0 | |
| 10 | 25 | Rolf StommelenSTO | March | 77 | +3 Laps | 0 | |
| 11 | 15 | Ronnie PetersonPET | March | 76 | +4 Laps | 0 | |
| 12 | 20 | Graham HillHIL | Brabham | 76 | +4 Laps | 0 | |
| 13 | 23 | Mike BeuttlerBEU | March | 76 | +4 Laps | 0 | |
| 14 | 14 | David WalkerWAL | Team Lotus | 75 | +5 Laps | 0 | |
| 15 | 7 | Denny HulmeHUL | McLaren | 74 | +6 Laps | 0 | |
| 16 | 22 | Niki LaudaLAU | March | 74 | +6 Laps | 0 | |
| 17 | 24 | Carlos PacePAC | March | 72 | +8 Laps | 0 | |
| N | 12 | François CevertCEV | Tyrrell | 70 | Not classified | 0 | |
| R | 9 | Henri PescaroloPES | March | 58 | Accident | 0 | |
| R | 3 | Clay RegazzoniREG | Ferrari | 51 | Accident | 0 | |
| R | 11 | Mike HailwoodHAI | Surtees | 48 | Accident | 0 | |
| R | 20 | Howden GanleyGAN | BRM | 47 | Accident | 0 | |
| R | 13 | Tim SchenkenSCH | Surtees | 31 | Accident | 0 | |
| R | 5 | Peter GethinGET | BRM | 27 | Accident | 0 | |
| R | 16 | Reine WisellWIS | BRM | 16 | Engine | 0 |