The 1992 Spanish Grand Prix was a Formula One motor race held on 3 May 1992 at the Circuit de Catalunya, Montmeló.

The 65-lap race was the fourth round of the 1992 Formula One World Championship and was won by Nigel Mansell driving a Williams-Renault and scoring the third grand chelem of his career.

[2][3] In the session itself, Bertrand Gachot was again fastest for Larrousse, less than a tenth of a second faster than Michele Alboreto in the Footwork.

As in the three previous races, Mansell qualified in pole position, ahead of Michael Schumacher, Ayrton Senna, Riccardo Patrese, Ivan Capelli and Martin Brundle.

Maurício Gugelmin had spun into the pit wall on lap 25 meaning more disaster for the Jordan team, as he was the only one to qualify for the race.

Alesi pitted for fresh tyres halfway through the race, and soon began to charge up through the field as the rain intensified despite making contact with both Gerhard Berger in the McLaren and Mika Häkkinen in the Lotus forcing the Finn to spin off the track whilst trying to lap him, who eventually retired after 56 laps from spinning off.