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 1972 Formula One season. The race marked the first time two brothers raced together in F1 simultaneously, Emerson and Wilson Fittipaldi. 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.

The race was won by Lotus driver Emerson Fittipaldi after he started from third position. Jacky Ickx finished second for the Ferrari team and his teammate Clay Regazzoni came in third.