The 1950 Indianapolis 500 was held on Tuesday, May 30, 1950 at the Indianapolis Motor Speedway. The event was the third round of the 1950 World Drivers' Championship. The race was originally scheduled for 200 laps, but was stopped at 138 laps because of rain.
| Pos | Grid | No | Driver | Constructor | Qual | Rank | Laps | Led | Time/Retired | Points |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 5 | 1 | Johnnie Parsons | Kurtis Kraft-Offenhauser | 132.040 | 8 | 138 | 115 | 2:46:55.97 | 8 |
| 2 | 10 | 3 | Bill Holland | Deidt-Offenhauser | 130.480 | 21 | 137 | 8 | + 1 Lap | 6 |
| 3 | 3 | 31 | Mauri Rose | Deidt-Offenhauser | 132.310 | 6 | 137 | 15 | + 1 Lap | 4 |
| 4 | 12 | 54 | Cecil Green | Kurtis Kraft-Offenhauser | 132.910 | 2 | 137 | 0 | + 1 Lap | 3 |
| 5 | 9 | 17 | Joie Chitwood Tony Bettenhausen | Kurtis Kraft-Offenhauser | 130.750 | 19 | 136 | 0 | + 2 Laps | 1 1 |
| 6 | 23 | 8 | Lee Wallard | Moore-Offenhauser | 132.430 | 5 | 136 | 0 | + 2 Laps | |
| 7 | 1 | 98 | Walt Faulkner | Kurtis Kraft-Offenhauser | 134.340 | 1 | 135 | 0 | + 3 Laps | |
| 8 | 4 | 5 | George Connor | Lesovsky-Offenhauser | 132.160 | 7 | 135 | 0 | + 3 Laps | |
| 9 | 19 | 7 | Paul Russo | Nichels-Offenhauser | 130.790 | 18 | 135 | 0 | + 3 Laps | |
| 10 | 11 | 59 | Pat Flaherty | Kurtis Kraft-Offenhauser | 129.600 | 30 | 135 | 0 | + 3 Laps | |
| 11 | 16 | 2 | Myron Fohr | Marchese-Offenhauser | 131.710 | 11 | 133 | 0 | + 5 Laps | |
| 12 | 13 | 18 | Duane Carter | Stevens-Offenhauser | 131.660 | 12 | 133 | 0 | + 5 Laps | |
| 13 | 26 | 15 | Mack Hellings | Kurtis Kraft-Offenhauser | 130.680 | 20 | 132 | 0 | + 6 Laps | |
| 14 | 6 | 49 | Jack McGrath | Kurtis Kraft-Offenhauser | 131.860 | 10 | 131 | 0 | Spun Off | |
| 15 | 24 | 55 | Troy Ruttman | Lesovsky-Offenhauser | 131.910 | 9 | 130 | 0 | + 8 Laps | |
| 16 | 31 | 75 | Gene Hartley | Langley-Offenhauser | 129.210 | 32 | 128 | 0 | + 10 Laps | |
| 17 | 27 | 22 | Jimmy Davies | Ewing-Offenhauser | 130.400 | 23 | 128 | 0 | + 10 Laps | |
| 18 | 33 | 62 | Johnny McDowell | Kurtis Kraft-Offenhauser | 129.690 | 27 | 128 | 0 | + 10 Laps | |
| 19 | 20 | 4 | Walt Brown | Kurtis Kraft-Offenhauser | 130.450 | 22 | 127 | 0 | + 11 Laps | |
| 20 | 14 | 21 | Spider Webb | Maserati-Offenhauser | 129.740 | 26 | 126 | 0 | + 12 Laps | |
| 21 | 15 | 81 | Jerry Hoyt | Kurtis Kraft-Offenhauser | 129.520 | 31 | 125 | 0 | + 13 Laps | |
| 22 | 29 | 27 | Walt Ader | Rae-Offenhauser | 129.940 | 25 | 123 | 0 | + 15 Laps | |
| 23 | 30 | 77 | Jackie Holmes | Olson-Offenhauser | 129.690 | 28 | 123 | 0 | Spun Off | |
| 24 | 28 | 76 | Jim Rathmann | Wetteroth-Offenhauser | 129.950 | 24 | 122 | 0 | + 16 Laps | |
| 25 | 21 | 12 | Henry Banks | Maserati-Offenhauser | 129.640 | 29 | 112 | 0 | Oil Line | |
| 26 | 22 | 67 | Bill Schindler | Snowberger-Offenhauser | 132.690 | 4 | 111 | 0 | Transmission | |
| 27 | 17 | 24 | Bayliss Levrett Bill Cantrell | Adams-Offenhauser | 131.180 | 14 | 108 | 0 | Oil Pressure | |
| 28 | 2 | 28 | Fred Agabashian | Kurtis Kraft-Offenhauser | 132.790 | 3 | 64 | 0 | Oil Leak | |
| 29 | 32 | 61 | Jimmy Jackson | Kurtis Kraft-Cummins | 129.200 | 33 | 52 | 0 | Compressor | |
| 30 | 25 | 23 | Sam Hanks | Kurtis Kraft-Offenhauser | 131.590 | 13 | 42 | 0 | Oil Pressure | |
| 31 | 8 | 14 | Tony Bettenhausen | Deidt-Offenhauser | 130.940 | 16 | 30 | 0 | Wheel Bearing | |
| 32 | 18 | 45 | Dick Rathmann | Watson-Offenhauser | 130.920 | 17 | 25 | 0 | Stalled | |
| 33 | 7 | 69 | Duke Dinsmore | Kurtis Kraft-Offenhauser | 131.060 | 15 | 10 | 0 | Oil Leak |