June 12, 1988 Circuit Gilles Villeneuve | Lap distance 4.390 km
| Pos | Points | No | Driver | Car | Engine | Tyres | Laps | Race Time | Delay | Qualifying | Fastest Lap | |||
| 1 | 9 | 12 | Ayrton Senna (BRA) | McLaren MP4-4 | Honda RA168-E | Goodyear | 69 | 1:39'46.618 | 1 | 1'21.681 | 1 | 1'24.973 | (53) | |
| 2 | 6 | 11 | Alain Prost (FRA) | McLaren MP4-4 | Honda RA168-E | Goodyear | 69 | 1:39'52.552 | +5.934 | 2 | 1'21.863 | 2 | 1'25.045 | (46) |
| 3 | 4 | 20 | Thierry Boutsen (BEL) | Benetton B188 | Ford Cosworth DFR | Goodyear | 69 | 1:40'38.027 | +51.409 | 7 | 1'24.115 | 3 | 1'26.193 | (42) |
| 4 | 3 | 1 | Nelson Piquet (BRA) | Team Lotus 100T | Honda RA168-E | Goodyear | 68 | 1:40'20.732 | +1 lap | 6 | 1'23.995 | 7 | 1'27.038 | (36) |
| 5 | 2 | 16 | Ivan Capelli (ITA) | March 881 | Judd CV | Goodyear | 68 | 1:40'50.834 | +1 lap | 14 | 1'25.609 | 14 | 1'27.614 | (61) |
| 6 | 1 | 3 | Jonathan Palmer (GBR) | Tyrrell 017 | Ford Cosworth DFZ | Goodyear | 67 | 1:40'07.353 | +2 laps | 19 | 1'26.092 | 15 | 1'28.108 | (43) |
| 7 | 17 | Derek Warwick (GBR) | Arrows A10B | Megatron | Goodyear | 67 | 1:40'25.862 | +2 laps | 16 | 1'25.740 | 18 | 1'28.234 | (47) | |
| 8 | 31 | Gabriele Tarquini (ITA) | Coloni FC-188 | Ford Cosworth DFZ | Goodyear | 67 | 1:40'44.130 | +2 laps | 26 | 1'27.665 | 17 | 1'28.206 | (50) | |
| 9 | 22 | Andrea de Cesaris (ITA) | Rial ARC-01 | Ford Cosworth DFZ | Goodyear | 66 | 1:37'27.888 | +3 laps | 12 | 1'24.988 | 9 | 1'27.224 | (28) | |
| 10 | 30 | Philippe Alliot (FRA) | Lola LC88 | Ford Cosworth DFZ | Goodyear | 66 | 1:38'00.527 | +3 laps | 17 | 1'25.765 | 8 | 1'27.068 | (65) | |
| 11 | 2 | Satoru Nakajima (JPN) | Team Lotus 100T | Honda RA168-E | Goodyear | 66 | 1:40'21.032 | +3 laps | 13 | 1'25.373 | 24 | 1'29.317 | (30) | |
| 12 | 33 | Stefano Modena (ITA) | Euro Brun ER-188 | Ford Cosworth DFZ | Goodyear | 66 | 1:40'39.168 | +3 laps | 15 | 1'25.713 | 13 | 1'27.549 | (65) | |
| 13 | 24 | Luis Perez-Sala (ESP) | Minardi M188 | Ford Cosworth DFZ | Goodyear | 64 | 1:40'27.224 | +5 laps | 21 | 1'26.437 | 12 | 1'27.316 | (54) | |
| 14 | 9 | Piercarlo Ghinzani (ITA) | Zakspeed 881 | Zakspeed 881 | Goodyear | 63 | 1:36'27.065 | +6 laps | 22 | 1'26.784 | 23 | 1'29.202 | (49) | |
| Retirement | ||||||||||||||
| gearbox | 15 | Mauricio Gugelmin (BRA) | March 881 | Judd CV | Goodyear | 54 | 1:21'23.358 | 18 | 1'25.910 | 20 | 1'28.750 | (49) | ||
| suspension | 14 | Philippe Streiff (FRA) | AGS JH23 | Ford Cosworth DFZ | Goodyear | 41 | 1:00'34.020 | 10 | 1'24.968 | 4 | 1'26.554 | (41) | ||
| transmission | 25 | René Arnoux (FRA) | Ligier JS31 | Judd CV | Goodyear | 36 | 54'31.233 | 20 | 1'26.327 | 19 | 1'28.586 | (26) | ||
| engine | 27 | Michele Alboreto (ITA) | Ferrari F1/87-88C | Ferrari 156/88 | Goodyear | 33 | 48'40.267 | 4 | 1'23.296 | 11 | 1'27.282 | (5) | ||
| engine | 6 | Riccardo Patrese (ITA) | Williams FW12 | Judd CV | Goodyear | 32 | 47'48.561 | 11 | 1'24.971 | 16 | 1'28.175 | (27) | ||
| throttle | 18 | Eddie Cheever (USA) | Arrows A10B | Megatron | Goodyear | 31 | 46'51.953 | 8 | 1'24.679 | 22 | 1'29.115 | (11) | ||
| engine | 5 | Nigel Mansell (GBR) | Williams FW12 | Judd CV | Goodyear | 28 | 41'25.785 | 9 | 1'24.844 | 10 | 1'27.275 | (25) | ||
| engine | 26 | Stefan Johansson (SWE) | Ligier JS31 | Judd CV | Goodyear | 24 | 36'23.650 | 25 | 1'27.637 | 21 | 1'28.850 | (24) | ||
| electrical | 28 | Gerhard Berger (AUT) | Ferrari F1/87-88C | Ferrari 156/88 | Goodyear | 22 | 32'30.896 | 3 | 1'22.719 | 6 | 1'26.947 | (6) | ||
| ignition | 19 | Alessandro Nannini (ITA) | Benetton B188 | Ford Cosworth DFR | Goodyear | 15 | 22'08.482 | 5 | 1'23.968 | 5 | 1'26.713 | (13) | ||
| chassis | 32 | Oscar Larrauri (ARG) | Euro Brun ER-188 | Ford Cosworth DFZ | Goodyear | 8 | 12'25.661 | 24 | 1'27.321 | 25 | 1'30.049 | (5) | ||
| collision | 4 | Julian Bailey (GBR) | Tyrrell 017 | Ford Cosworth DFZ | Goodyear | 0 | 23 | 1'27.139 | ||||||
| Not qualified | ||||||||||||||
| -- | 23 | Adrián Campos (ESP) | Minardi M188 | Ford Cosworth DFZ | Goodyear | 1'27.885 | ||||||||
| -- | 21 | Nicola Larini (ITA) | Osella FA1L | Osella 890T | Goodyear | 1'27.981 | ||||||||
| -- | 29 | Yannick Dalmas (FRA) | Lola LC88 | Ford Cosworth DFZ | Goodyear | 1'28.012 | ||||||||
| -- | 10 | Bernd Schneider (GER) | Zakspeed 881 | Zakspeed 881 | Goodyear | 1'28.215 | ||||||||
| Not pre-qualified | ||||||||||||||
| -- | 36 | Alex Caffi (ITA) | Dallara BMS-188 | Ford Cosworth DFZ | Goodyear | 1'29.103 | ||||||||
