The 1931–1932 Academy Awards were presented Nov. 18, 1932 at the Ambassador Hotel, Los Angeles.
| Outstanding Production | Arrowsmith (Goldwyn; United Artists) |
| Bad Girl (Fox) |
| The Champ (MGM) |
| Five Star Final (First National) |
| Grand Hotel (MGM) |
| One Hour With You (Paramount Publix) |
| Shanghai Express (Paramount Publix) |
| The Smiling Lieutenant (Paramount Publix) |
| Best Actor (tie) | Wallace Beery, The Champ |
| Alfred Lunt, The Guardsman |
| Fredric March, Dr. Jekyll and Mr. Hyde |
| Best Actress | Marie Dressler, Emma |
| Lynn Fontanne, The Guardsman |
| Helen Hayes, The Sin of Madelon Claudet |
| Directing | Frank Borzage, Bad Girl |
| King Vidor, The Champ |
| Josef Von Sternberg, Shanghai Express |
| Writing | | Adaptation | Edwin Burke, Bad Girl | | Percy Heath and Samuel Hoffenstein, Dr. Jekyll and Mr. Hyde | | Sidney Howard, Arrowsmith | | Original Story | Lucien Hubbard, The Star Witness | | Grover Jones and William Slavens McNutt, Lady and Gent | | Frances Marion, The Champ | | Adela Rogers St. Johns, What Price Hollywood? |
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| Cinematography | Lee Garmes, Shanghai Express |
| Ray June, Arrowsmith |
| Karl Struss, Dr. Jekyll and Mr. Hyde |
| Art Direction | Richard Day, Arrowsmith |
| Lazare Meerson, A Nous la Liberté |
| Gordon Wiles, Transatlantic |
| Sound Recording | MGM Studio Sound Dept. |
| Paramount Publix Studio Sound Department |
| RKO Radio Studio Sound Dept. |
| Warner Bros.-First National Studio Sound Dept. |
| Short Subjects | | Cartoon | Flowers and Trees (Silly Symphony Series) (Walt Disney Productions; United Artists) | | It's Got Me Again (Leon Schlesinger, producer; Warner Bros.) | | Mickey's Orphans (Mickey Mouse Series) (Walt Disney Productions; Columbia) | | Comedy | The Loud Mouth (Mack Sennett, producer; Paramount Publix) | | The Music Box (Laurel and Hardy Series) (Hal Roach, producer; MGM) | | Scratch-As-Catch-Can (Headliner Series) (RKO Radio) | | Stout Hearts and Willing Hands (Masquers Comedies Series) (RKO Radio) (This film was originally announced as a nominee, but before the final voting, it was disqualified and replaced by Scratch-As-Catch-Can.) | | Novelty | Screen Souvenirs (Paramount Publix) | | Swing High (Sports Champion Series) (MGM) | | Wrestling Swordfish (Cannibals of the Deep Series) (Mack Sennett, producer; Educational) |
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| Special Award | To Walt Disney for the creation of Mickey Mouse |
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