| Pos |
No |
Pilote |
Voiture |
Temps |
| 1 | 4 | Jacky Ickx | Ferrari 312 B2 | 1:18,430 |
| 2 | 11 | Denny Hulme | McLaren M19A Cosworth | 1:19,180 |
| 3 | 5 | Emerson Fittipaldi | Lotus 72D Cosworth | 1:19,260 |
| 4 | 1 | Jackie Stewart | Tyrrell 003 Cosworth | 1:19,330 |
| 5 | 7 | Mario Andretti | Ferrari 312 B2 | 1:19,390 |
| 6 | 9 | Chris Amon | Matra MS120C | 1:19,520 |
| 7 | 19 | Jean-Pierre Beltoise | BRM P160B | 1:19,570 |
| 8 | 6 | Clay Regazzoni | Ferrari 312 B2 | 1:19,710 |
| 9 | 2 | Ronnie Peterson | March 721X Cosworth | 1:19,860 |
| 10 | 10 | Reine Wisell | BRM P160B | 1:19,890 |
| 11 | 20 | Peter Revson | McLaren M19A Cosworth | 1:20,110 |
| 12 | 3 | Francois Cevert | Tyrrell 002 Cosworth | 1:20,500 |
| 13 | 26 | Andrea de Adamich | Surtees TS9B Cosworth | 1:20,790 |
| 14 | 22 | Wilson Fittipaldi | Brabham BT33 Cosworth | 1:20,830 |
| 15 | 15 | Mike Hailwood | Surtees TS9B Cosworth | 1:20,970 |
| 16 | 29 | Carlos Pace | March 711 Cosworth | 1:21,000 |
| 17 | 16 | Rolf Stommelen | Eifelland March 721 Cosworth | 1:21,040 |
| 18 | 12 | Tim Schenken | Surtees TS9B Cosworth | 1:21,060 |
| 19 | 14 | Henri Pescarolo | March 721 Cosworth | 1:21,240 |
| 20 | 25 | Howden Ganley | BRM P160B | 1:21,430 |
| 21 | 8 | Peter Gethin | BRM P180T | 1:22,430 |
| 22 | 28 | Alex Soler-Roig | BRM P160B | 1:22,570 |
| 23 | 18 | Graham Hill | Brabham BT37 Cosworth | 1:22,590 |
| 24 | 21 | Dave Walker | Lotus 72D Cosworth | 1:22,740 |
| 25 | 24 | Niki Lauda | March 721X Cosworth | 1:24,960 |
| DNQ | 23 | Mike Beuttler | March 721G Cosworth | 1:25,480 |
|
Grand Prix d'Espagne 1972