| Academy Award Nominations and Winners: |
| Best Picture |
| Best Director: Francis Ford Coppola |
| Best Supporting Actor: Robert Duvall |
| ★ | Best Cinematography: Vittorio Storaro |
| Best Art Direction: Dean Tavoularis & Angelo Graham |
| Best Film Editing: Richard Marks, Walter Murch, Gerald B. Greenberg, and Lisa Fruchtman |
| ★ | Best Sound: Walter Murch, Mark Berger, Richard Beggs, and Nathan Boxer |
|
| Golden Globe Nominations and Winners: |
| Best Picture (Drama) |
| ★ | Best Director: Francis Ford Coppola |
| ★ | Best Supporting Actor: Robert Duvall |
| ★ | Best Original Score: Francis Ford Coppola & Carmine Coppola |
|
| Other Awards: |
| Cannes Film Festival: Palme d'or (Best Picture; tie); FIPRESCI Prize |
| National Society of Film Critics: Best Supporting Actor (Forrest; also cited for The Rose) |
| British Academy Awards (BAFTAs): Best Director; Best Supporting Actor (Duvall) |