The racecourse is shaped not unlike a pear, and boasts a six-furlong (1200 m) straight known as 'the Straight Six.' The track has a circumference of 2312 metres and a final straight of 450 metres for race distances over 1200 metres. Races are run in an anti-clockwise direction.
The course has a crowd capacity of over 120,000 and contains three grandstands. The biggest ever attendance was on VRC Derby Day in 2006 when 129,089 people saw Efficient win the VRC Derby. The racecourse has undergone a facelift in recent years, with the opening of a new $45 million grandstand in 2000. It also contains a bronze statue of famous Australian racehorse Phar Lap, which was donated to the Club as part of Australia's bicentenary celebrations in 1988. The Hill Stand, built in 1977, houses the artist Harold Freedman's seven panel mural which traces the History of Racing. The work was commissioned to mark the Australian bicentenary in 1988.
Flemington Racecourse was added to the Australian National Heritage List on 7 November 2006, announced during the 2006 Melbourne Cup.
Flemington Racecourse today hosts many of Australia's top races, including the Melbourne Cup, VRC Derby, VRC Oaks, MacKinnon Stakes, Newmarket Handicap, Australian Cup and Lightning Stakes.
Car spaces for the disabled are available and taxi ranks are located adjacent to the main entrances. Shuttle buses run from Epsom Road to the main turnstiles of the racecource. Lift access is available in the Prince of Wales Stand and to the first floor of the Members Stand.
| Grp | Race Name | Age | Sex | Weight | Distance | Date |
| 1 | Ascot Vale Stakes | 3YO | Open | sw | 1200 | November |
| 1 | Australian Cup | Open | Open | wfa | 2000 | March |
| 1 | Australian Guineas/Cadbury Guineas | 3YO | Open | sw | 1600 | February |
| 1 | Cantala Stakes/Emirates Stakes | Open | Open | hcp | 1600 | November |
| 1 | Myer Classic | 3YO+ | F&M | wfa | 1600 | November |
| 1 | Lightning Stakes | Open | Open | wfa | 1000 | February |
| 1 | LKS Mackinnon Stakes | Open | Open | wfa | 2000 | November |
| 1 | Melbourne Cup | Open | Open | hcp | 3200 | November |
| 1 | Newmarket Handicap | Open | Open | hcp | 1200 | March |
| 1 | Salinger Stakes | Open | Open | hcp | 1200 | November |
| 1 | The Age Classic | Open | Open | wfa | 1200 | November |
| 1 | Turnbull Stakes | 4YO+ | Open | sw+p | 2000 | October |
| 1 | Victoria Derby | 3YO | Open | sw | 2500 | November |
| 1 | VRC Oaks/Crown Oaks | 3YO | Fillies | sw | 2500 | November |
| 2 | A.V Kewney Stakes | 3YO | Fillies | sw | 1600 | March |
| 2 | Blamey Stakes | 3YO+ | Open | sw+p | 1600 | March |
| 2 | Craiglee Stakes | Open | Open | wfa | 1600 | September |
| 2 | Edward Manifold Stakes | 3YO | Fillies | sw | 1600 | October |
| 2 | Hilton International Stakes | 4YO+ | Mares | hcp | 2000 | November |
| 2 | Rose Of Kingston Stakes | 4YO+ | Mares | sw+p | 1400 | October |
| 2 | VRC Sires' Produce Stakes | 2YO | Open | sw | 1400 | March |
| 2 | Wakeful Stakes | 3YO | Fillies | sw+p | 2000 | November |
| 3 | Baguette Stakes | Open | Open | sw+p | 1200 | October |
| 3 | Thoroughbred Breeders Stakes | 2YO | Fillies | sw+p | 1200 | March |
| 3 | Bobby Lewis Quality | Open | Open | qlty | 1200 | September |
| 3 | Chatham Stakes/Yallambee Stud Stakes | Open | Open | hcp | 1400 | November |
| 3 | Frances Tressady Stakes/Tooheys New Plate | 4YO+ | Mares | sw+p | 1400 | March |
| 3 | Hotham Handicap/Saab Quality | Open | Open | qlty | 2500 | November |
| 3 | Maribyrnong Plate | 2YO | Open | sw+p | 1000 | November |
| 3 | Matron Stakes | 4YO+ | Mares | sw+p | 1600 | March |
| 3 | Let's Elope Stakes | 4YO+ | Mares | sw+p | 1400 | September |
| 3 | Rory's Jester Stakes | 3YO | Open | sw+p | 1200 | November |
| 3 | Standish Handicap | Open | Open | hcp | 1200 | January |
| 3 | The Debonair | 3YO | C&G | sw+p | 1400 | February |
| 3 | The Vanity | 3YO | Fillies | sw+p | 1400 | February |
| 3 | VRC Carbine Club Stakes | 3YO | Open | sw+p | 1600 | November |
| 3 | VRC Queen Elizabeth Stakes | Open | Open | qlty | 2500 | November |
| L | VRC St Leger Stakes | 3YO | Open | sw+p | 2500 | April |