| Round | Race | Date | Circuit | Winner |
|---|---|---|---|---|
| 1 | Argentine Grand Prix | 17th Jan 1954 | Autódromo Juan y Oscar Gálvez Buenos Aires, Argentina | Juan Fangio (Maserati) |
| 2 | Indianapolis 500 | 31st May 1954 | Indianapolis Motor Speedway Indianapolis, USA | Bill Vukovich (Kurtis Kraft) |
| 3 | Belgian Grand Prix | 20th Jun 1954 | Circuit de Spa-Francorchamps Spa, Belgium | Juan Fangio (Maserati) |
| 4 | French Grand Prix | 4th Jul 1954 | Reims-Gueux Reims, France | Juan Fangio (Mercedes) |
| 5 | British Grand Prix | 17th Jul 1954 | Silverstone Circuit Silverstone, UK | José Froilán González (Ferrari) |
| 6 | German Grand Prix | 1st Aug 1954 | Nürburgring Nürburg, Germany | Juan Fangio (Mercedes) |
| 7 | Swiss Grand Prix | 22nd Aug 1954 | Circuit Bremgarten Bern, Switzerland | Juan Fangio (Mercedes) |
| 8 | Italian Grand Prix | 5th Sep 1954 | Autodromo Nazionale di Monza Monza, Italy | Juan Fangio (Mercedes) |
| 9 | Spanish Grand Prix | 24th Oct 1954 | Circuit de Pedralbes Barcelona, Spain | Mike Hawthorn (Ferrari) |