Race Result
| GP n. 562 - 16/10/1994 - Grand Prix of Europe Circuito Permanente de Jeréz |
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| Winner: | Michael Schumacher / Benetton-Ford - 1:40'26.689 | ||||||
| Pole Position: | Michael Schumacher / Benetton-Ford - 1:22.762 | ||||||
| Fastest Lap: | Michael Schumacher / Benetton-Ford - 1:25.040 | ||||||
| Pos | Nº | Driver | Constructor | Laps | Time/Retired | Grid | Points |
| 1 | 5 |  Michael Schumacher |
Benetton-Ford | 69 | 1:40'26.689 | 1 | 10 |
| 2 | 0 |  Damon Hill |
Williams-Renault | 69 | +24.689 | 2 | 6 |
| 3 | 7 |  Mika Hakkinen |
McLaren-Peugeot | 69 | +1'09.648 | 9 | 4 |
| 4 | 15 | Eddie Irvine |
Jordan-Hart | 69 | +1'18.446 | 10 | 3 |
| 5 | 28 |  Gerhard Berger |
Ferrari | 68 | +1 lap | 6 | 2 |
| 6 | 30 | Heinz-Harald Frentzen |
Sauber-Mercedes | 68 | +1 lap | 4 | 1 |
| 7 | 3 |  Ukyo Katayama |
Tyrrell-Yamaha | 68 | +1 lap | 13 | 0 |
| 8 | 12 | Johnny Herbert |
Lotus-Mugen-Honda | 68 | +1 lap | 7 | 0 |
| 9 | 26 |  Olivier Panis |
Ligier-Renault | 68 | +1 lap | 11 | 0 |
| 10 | 27 | Jean Alesi |
Ferrari | 68 | +1 lap | 16 | 0 |
| 11 | 10 |  Gianni Morbidelli |
Footwork-Ford | 68 | +1 lap | 8 | 0 |
| 12 | 14 |  Rubens Barrichello |
Jordan-Hart | 68 | +1 lap | 5 | 0 |
| 13 | 4 | Mark Blundell |
Tyrrell-Yamaha | 68 | +1 lap | 14 | 0 |
| 14 | 24 | Michele Alboreto |
Minardi-Ford | 67 | +2 laps | 20 | 0 |
| 15 | 23 | Pierluigi Martini |
Minardi-Ford | 67 | +2 laps | 17 | 0 |
| 16 | 11 | Alessandro Zanardi |
Lotus-Mugen-Honda | 67 | +2 laps | 21 | 0 |
| 17 | 9 | Christian Fittipaldi |
Footwork-Ford | 66 | +3 laps | 19 | 0 |
| 18 | 25 | Eric Bernard |
Ligier-Renault | 66 | +3 laps | 22 | 0 |
| 19 | 32 | Domenico Schiattarella |
Simtek-Ford | 64 | +5 laps | 26 | 0 |
| Ret | 2 | Nigel Mansell |
Williams-Renault | 47 | spun off | 3 | 0 |
| Ret | 31 |  David Brabham |
Simtek-Ford | 42 | engine | 25 | 0 |
| Ret | 20 | Erik Comas |
Larrousse-Ford | 37 | alternator | 23 | 0 |
| Ret | 29 | Andrea de Cesaris |
Sauber-Mercedes | 37 | throttle | 18 | 0 |
| Ret | 6 |  Jos Verstappen |
Benetton-Ford | 15 | spun off | 12 | 0 |
| Ret | 19 | Hideki Noda |
Larrousse-Ford | 10 | gearbox | 24 | 0 |
| Ret | 8 | Martin Brundle |
McLaren-Peugeot | 8 | engine | 15 | 0 |
| Dnq | 33 | Paul Belmondo |
Pacific-Ilmor | did not qualify | 0 | ||
| Dnq | 34 |  Bertrand Gachot |
Pacific-Ilmor | did not qualify | 0 | ||