Race Result
| GP n. 704 - 01/06/2003 - Grand Prix of Monaco Circuit de Monte Carlo |
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| Winner: | Juan Pablo Montoya / Williams-BMW - 1:42:19.010 | ||||||
| Pole Position: | Ralf Schumacher / Williams-BMW - 1:15.259 | ||||||
| Fastest Lap: | Kimi Raikkonen / McLaren-Mercedes - 1:14.545 | ||||||
| Pos | Nš | Driver | Constructor | Laps | Time/Retired | Grid | Points |
| 1 | 3 |  Juan Pablo Montoya |
Williams-BMW | 78 | 1:42:19.010 | 3 | 10 |
| 2 | 6 |  Kimi Raikkonen |
McLaren-Mercedes | 78 | +0.6 secs | 2 | 8 |
| 3 | 1 |  Michael Schumacher |
Ferrari | 78 | +1.7 secs | 5 | 6 |
| 4 | 4 | Ralf Schumacher |
Williams-BMW | 78 | +28.5 secs | 1 | 5 |
| 5 | 8 |  Fernando Alonso |
Renault | 78 | +36.2 secs | 8 | 4 |
| 6 | 7 |  Jarno Trulli |
Renault | 78 | +40.9 secs | 4 | 3 |
| 7 | 5 |  David Coulthard |
McLaren-Mercedes | 78 | +41.2 secs | 6 | 2 |
| 8 | 2 |  Rubens Barrichello |
Ferrari | 78 | +53.2 secs | 7 | 1 |
| 9 | 21 | Cristiano da Matta |
Toyota | 77 | +1 lap | 10 | 0 |
| 10 | 11 | Giancarlo Fisichella |
Jordan-Ford | 77 | +1 lap | 12 | 0 |
| 11 | 9 | Nick Heidfeld |
Sauber-Petronas | 76 | +2 lap | 14 | 0 |
| 12 | 12 | Ralph Firman |
Jordan-Ford | 76 | +2 lap | 16 | 0 |
| 13 | 20 |  Olivier Panis |
Toyota | 74 | +4 lap | 17 | 0 |
| Ret | 16 |  Jacques Villeneuve |
BAR-Honda | 63 | engine | 11 | 0 |
| Ret | 18 | Justin Wilson |
Minardi-Cosworth | 29 | fuel system | 19 | 0 |
| Ret | 19 |  Jos Verstappen |
Minardi-Cosworth | 28 | fuel system | 18 | 0 |
| Ret | 14 |  Mark Webber |
Jaguar-Cosworth | 16 | hydraulics | 9 | 0 |
| Ret | 15 | Antonio Pizzonia |
Jaguar-Cosworth | 10 | electrical | 13 | 0 |
| Ret | 10 | Heinz-Harald Frentzen |
Sauber-Petronas | 0 | accident | 15 | 0 |