The 1978 European Formula Two season was contested over 12 rounds. Italian driver Bruno Giacomelli, driving the works March car, won the season in dominant fashion.

Note:

Race 2, 8 and 12 were held in two heats, with results shown in aggregate.

Points were awarded to the top six classified non-graded finishers. Only the best nine results were counted.

Numbers without parentheses are championship points; numbers in parentheses are total points scored. Points were awarded in the following system: