Academy Awards (Oscars)
1987 – Top Gun (Best Music, Original Song)
1984 – Flashdance (Best Music, Original Song)
1979 – Midnight Express (Best Music, Original Score)

Golden Globes
1987 – Top Gun (Best Original Song, Motion Picture)
1984 – Flashdance (Best Original Score – Motion Picture)
1984 – Flashdance (Best Original Song – Motion Picture)
1984 – Scarface (Best Original Score – Motion Picture) *Nominated
1983 – Cat People (Best Original Score – Motion Picture) *Nominated
1983 – Cat People (Best Original Song – Motion Picture) *Nominated
1981 – American Gigolo (Best Original Score – Motion Picture) *Nominated
1981 – American Gigolo (Best Original Song – Motion Picture) *Nominated
1979 – Midnight Express (Best Original Score – Motion Picture)

BAFTA Awards
1985 – Electric Dreams (Best Original Song) *Nominated
1984 – Flashdance (Best Original Song) *Nominated
1984 – Flashdance (Best Score) *Nominated

ASCAP Film and Television Music Awards
1988 – Over The Top (Most Performed Songs from Motion Pictures)
1987 – Top Gun (Most Performed Songs from Motion Pictures)

Academy of Science Fiction, Fantasy & Horror Films, USA
1985 – The NeverEnding Story (Best Music) *Nominated

Bambi Awards
1984 – The NeverEnding Story (Film, National)

Grammy Awards
2014 – Random Access Memories (Album of the Year)
1998 – Carry On (Best Dance Recording)
1984 – Flashdance (Best Album of Original Score Written for a Motion Picture or Television Special)
1984 – Flashdance (Best Instrumental Composition)
1979 – Midnight Express (Best Album of Original Score Written for a Motion Picture or Television Special) *Nominated

Los Angeles Film Critics Association Awards
1978 – Midnight Express (Best Music)

Los Angeles Italian Film Awards
2000 – Outstanding Achievement Award (Music)

Palm Springs International ShortFest
1996 – Jury Award (Best Experimental)
1996 – Audience Award (Best Experimental)

World Soundtrack Awards
2011 – Lifetime Achievement Award

Nordoff-Robbins
2014 – Lifetime Achievement Award for Innovation