The 1972 Spanish Grand Prix was a Formula One motor race held at Jarama on May 1, 1972.

It was race 3 of 12 in both the 1972 World Championship of Drivers and the 1972 International Cup for Formula One Manufacturers.

The elder Fittipaldi was a last-minute substitute for Brabham's Carlos Reutemann, who had injured his ankle in a Formula 2 race the previous weekend at Thruxton, England.

Jacky Ickx finished second for the Ferrari team and his teammate Clay Regazzoni came in third.

After the race the World Drivers' Championship was tied at 15 points between Emerson Fittipaldi and Denny Hulme.