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GP of Spain Jarama 28-4-1974, 90 laps of 3.404 m, Total distance 306.360 m
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| Pos | No | Driver | Team-engine | Diff | Reason |
| 1 | 12 | Niki Lauda | Ferrari 312B3 | 2:00:29.56 | - |
| 2 | - | Clay Regazzoni | Ferrari 312B3 | -35.61 | - |
| 3 | - | Emerson Fittipaldi | McLaren-Ford M23 | -1 lap | - |
| 4 | - | Hans-Joachim Stuck | March-Ford 741 | -2 laps | - |
| 5 | - | Jody Scheckter | Tyrrell-Ford 007 | -2 laps | - |
| 6 | - | Denny Hulme | McLaren-Ford M23 | -2 laps | - |
| 7 | - | Brian Redman | Shadow-Ford DN3 | -3 laps | - |
| 8 | - | Patrick Depailler | Tyrrell-Ford | 006-3 laps | - |
| 9 | - | Mike Hailwood | McLaren-Ford M23 | -3 laps | - |
| 10 | - | James Hunt | Hesketh-Ford 308 | -3 laps | - |
| 11 | - | John Watson | Brabham-Ford BT42 | -4 laps | - |
| 12 | - | Henri Pescarolo | BRM P160E | -4 laps | - |
| 13 | - | Carlos Pace | Surtees-Ford TS16 | -6 laps | - |
| 14 | - | Tim Schenken | Trojan-Ford T103 | -8 laps | Spun |
| 15 | - | Jean-Pierre Jarier | Shadow-Ford DN3 | -11 laps | - |
| 16 | 26 | Graham Hill | Lola-Ford T370 | -41 lap | Engine |
| 17 | - | Arturo Merzario | Iso-Ford FW | -47 laps | Collision |
| 18 | - | Jochen Mass | Surtees-Ford TS16 | -49 laps | Gearbox |
| 19 | - | François Migault | BRM P160E | -57 laps | Engine |
| 20 | - | Jacky Ickx | Lotus-Ford 76 | -58 laps | Brakes |
| 21 | - | Ronnie Peterson | Lotus-Ford 76 | -61 lap | Engine |
| 22 | - | Chris Amon | Amon-Ford AF101 | -62 laps | Brakes |
| 23 | - | Rikky von Opel | Brabham-Ford BT44 | -70 laps | Oil leak |
| 24 | - | Carlos Reutemann | Brabham-Ford BT44 | -72 laps | Spun |
| 25 | - | Jean-Pierre Beltoise | BRM P201 | -82 laps | Engine |
| 26 | - | Vittorio Brambilla | March-Ford 741 | DNS | - |
| 27 | - | Guy Edwards | Lola-Ford T370 | DNQ | - |
| 28 | - | Tom Belso | Iso-Ford FW | DNQ | - |