The 1967 Formula One season was the 21st season of FIA Formula One motor racing. It featured the 18th World Championship of Drivers, the 10th International Cup for F1 Manufacturers, and six non-championship races open to Formula One cars. The World Championship was contested over eleven races between 2 January and 22 October 1967.

Denny Hulme won the Drivers' Championship in a Brabham-Repco. Brabham was also awarded the International Cup for F1 Manufacturers. As of 2025^[update], this is the only championship won by a New Zealand driver. Hulme also became the first driver in World Championship history to win the title without having scored a pole position during the season.

Lorenzo Bandini crashed during the Monaco Grand Prix. Losing an early lead of the race and trying to get back to the front, the Ferrari driver clipped the chicane at the harbour front and then hit a hidden mooring. The car turned over and exploded in flames. It took marshals several minutes to extricate Bandini from the burning wreck and three days later, the Italian died. British driver Bob Anderson died during a test at Silverstone. His Brabham slid off the track in wet conditions and hit a marshals post, suffering serious chest and neck injuries and later dying in hospital.

The following teams and drivers competed in the 1967 FIA World Championship. A pink background denotes additional Formula 2 entrants to the German Grand Prix on the very long Nürburgring track.

After Lorenzo Bandini's fatal accident, the FIA banned circuit organisers from using straw bales along the track and TV crews from flying their helicopters too low, as both had contributed to the fire flaring up.

Coming down from his third World Championship in 1966, Jack Brabham started this year off as well, with a pole position at the South African Grand Prix. Teammate Denny Hulme started second and two-time World Champion Jim Clark lined up in third in his Lotus. Hulme took the lead at the start, while Clark fell back to sixth. In a race of attrition, the crowd saw Rhodesian driver John Love take the lead. When he had to stop for extra fuel, however, it was Pedro Rodríguez who won in his Cooper. Love finished second, ahead of John Surtees in a Honda. Hulme and Brabham finished several laps down but still in the points, since there were just six classified finishers in total.

From 1967 to 1969, there was four months between the first and second race of the championship, and most teams would usually run the first race with old designs, or not even participate. This year, Ferrari, McLaren and Matra started their year with the Monaco Grand Prix. Lotus had planned to run revolutionary new Cosworths, but they were not ready in time. Jack Brabham scored pole position like in South Africa, but again lost the lead at the start, this time to long-time Ferrari driver Lorenzo Bandini. Before long, Hulme took over at the front and increased his lead to 15 seconds. Desperately trying to get closer, Bandini struck the barrier in the chicane at the harbour front and mounted the straw bales. The car landed upside down and exploded in flames. Bandini would succumbed to his injuries three days later. Hulme won the race, one lap ahead of Graham Hill (Lotus) and two ahead of Chris Amon (Ferrari). Like in the first race, there were just six finishers.

When Lotus could finally run the new Cosworth engines in the Dutch Grand Prix, their pace was significantly better than before and Hill snatched pole position. A surprising Dan Gurney in the Eagle started second, reigning champion Brabham in third. After drivers had to avoid a wandering marshal on the grid, the positions at the front remained rather the same, until Gurney made a pit stop. Hill's engine suddenly seized on lap 11, but teammate Clark was charging, getting up to second on lap 15 and taking the lead from Brabham on the next lap. He kept increasing his lead with a second per lap and easily won, ahead of the teammates Brabham and Hulme. Behind them finished the three Ferraris.