| Year | Result | Award | Category |
| 1998 | Nominated | MTV Movie Award | Best Villain for: Devil's Advocate, The |
| 1997 | Won | BSFC Award | Best Actor for: Donnie Brasco |
| 1997 | Won | DGA Award | Outstanding Directorial Achievement in Documentary for: Looking for Richard |
| 1997 | Nominated | Truer Than Fiction Award | - for: Looking for Richard |
| 1996 | Won | Lifetime Achievement Award | ---- |
| 1996 | Nominated | Donostia Lifetime Achievement Award | ---- |
| 1994 | Won | Golden Lion | - - For his career achievements |
| 1993 | Won | Oscar | Best Actor for: Scent of a Woman |
| 1993 | Nominated | Oscar | Best Supporting Actor for: Glengarry Glen Ross |
| 1993 | Won | Golden Globe for: Scent of a Woman | Best Performance by an Actor in a Motion Picture - Drama for: Scent of a Woman |
| 1993 | Nominated | Golden Globe | Best Performance by an Actor in a Supporting Role in a Motion Picture for: Glengarry Glen Ross |
| 1991 | Nominated | Oscar | Best Supporting Actor for: Dick Tracy |
| 1991 | Nominated | BAFTA Film Award | Best Actor in a Supporting Role for: Dick Tracy |
| 1991 | Nominated | Golden Globe | Best Performance by an Actor in a Motion Picture - Drama for: Godfather: Part III, The |
| 1991 | Nominated | Golden Globe | Best Performance by an Actor in a Supporting Role in a Motion Picture for: Dick Tracy |
| 1990 | Nominated | Golden Globe | Best Performance by an Actor in a Motion Picture - Drama for: Sea of Love |
| 1986 | Nominated | Razzie Award | Worst Actor for: Revolution |
| 1984 | Nominated | Golden Globe | Best Performance by an Actor in a Motion Picture - Drama for: Scarface |
| 1983 | Nominated | Golden Globe | Best Actor in a Motion Picture - Comedy/Musical for: Author! Author! |
| 1980 | Nominated | Oscar | Best Actor for: ...And Justice for All |
| 1980 | Nominated | Golden Globe | Best Motion Picture Actor - Drama for: ...And Justice for All |
| 1978 | Nominated | Golden Globe | Best Motion Picture Actor - Drama for: Bobby Deerfield |
| 1976 | Nominated | Oscar | Best Actor for: Dog Day Afternoon |
| 1976 | Won | BAFTA Film Award | Best Actor for: Godfather: Part II, The |
| 1976 | Nominated | Golden Globe | Best Motion Picture Actor - Drama for: Dog Day Afternoon |
| 1975 | Nominated | Oscar | Best Actor for: Godfather: Part II, The |
| 1975 | Nominated | BAFTA Film Award | Best Actor for: Serpico |
| 1975 | Nominated | Golden Globe | Best Motion Picture Actor - Drama for: Godfather: Part II, The |
| 1975 | Won | LAFCA Award | Best Actor for: Dog Day Afternoon |
| 1975 | Won | Prize San Sebastián | Best Actor for: Dog Day Afternoon |
| 1974 | Nominated | Oscar | Best Actor for: Serpico |
| 1974 | Won | Golden Globe | Best Motion Picture Actor - Drama for: Serpico |
| 1973 | Nominated | Oscar | Best Supporting Actor for: Godfather, The |
| 1973 | Nominated | BAFTA Film Award | Best Newcomer for: Godfather, The |
| 1973 | Nominated | Golden Globe | Best Motion Picture Actor - Drama for: Godfather, The |
| 1973 | Nominated | NBR Award | Best Actor for: Serpico |
| 1972 | Won | NBR Award | Best Supporting Actor for: Godfather, The |
| 1972 | Won | NSFC Award | Best Actor for: Godfather, The |