The following is a list of fastest laps for the Indianapolis 500. The fastest lap statistic has been officially kept for the Indianapolis 500 since 1950. The honor is held in somewhat minor prestige, and typically a cash prize is awarded to the driver who accomplishes the feat. However, it is typically considered a peripheral award, and no championship bonus points are currently awarded for fastest lap.

Since records have been kept, the fastest lap has been achieved by the leader on the final lap of the race on one occasion (Bobby Rahal, 1986). It has never been accomplished on the first lap of the race. It is commonly done by a driver not leading the race at the time, due to drafting.

From 1950 to 1960, the Indianapolis 500 awarded points towards the World Championship of Drivers. During those eleven races, the driver setting the fastest lap received championship points towards the world title.

Year	Lap time	Lap Speed (mph)	Lap No.	Driver
1950	1:09.77	128.995		Johnnie Parsons
1951	1:07.26	133.809	23	Lee Wallard
1952	1:06.60	135.135	8	Bill Vukovich
1953	1:06.24	135.870	27	Bill Vukovich
1954	1:04.04	140.537	29	Jack McGrath
1955	1:03.67	141.354	27	Bill Vukovich
1956	1:02.32	144.416	19	Paul Russo
1957	1:02.75	143.426	127	Jim Rathmann
1958	1:02.37	144.300	55	Tony Bettenhausen
1959	1:01.89	145.419	64	Johnny Thomson
1960	1:01.59	146.128	4	Jim Rathmann
1961	1:00.98	147.589	91	Troy Ruttman
1962	1:00.69	148.295	56	Parnelli Jones
1963	59.39	151.541	114	Parnelli Jones
1964	57.09	157.646	15	Bobby Marshman
1965	57.14	157.508	2	A. J. Foyt
1966	56.54	159.179	18	Jim Clark
1967	54.57	164.926	6	Parnelli Jones
1968	53.36	168.666	94	Lloyd Ruby
1969	54.05	166.512	20	Roger McCluskey
1970	53.64	167.785	50	Joe Leonard
1971	51.44	174.961	66	Mark Donohue
1972	47.99	187.539	150	Mark Donohue
1973	48.15	186.916	55	Roger McCluskey
1974	47.02	191.408	2	Wally Dallenbach
1975	48.10	187.110	2	Gordon Johncock
1976	48.38	186.027	2	A. J. Foyt
1977	46.71	192.678	42	Danny Ongais
1978	46.41	193.924	75	Mario Andretti
1979	46.58	193.216	184	Mike Mosley
1980	47.35	190.074	149	Johnny Rutherford
1981	45.70	196.937	159	Gordon Johncock
1982	44.88	200.535	122	Rick Mears
1983	45.568	197.507	3	Teo Fabi
1984	43.942	204.815	52	Gordon Johncock
1985	43.916	204.937	14	Rick Mears
1986	43.031	209.152	200	Bobby Rahal
1987	43.900	205.011	57	Roberto Guerrero
1988	42.956	209.517	166	Rick Mears
1989	40.455	222.469	85	Emerson Fittipaldi
1990	40.436*	222.574*	91 162	Emerson Fittipaldi Arie Luyendyk
1991	40.508	222.178	109	Arie Luyendyk
1992	39.281	229.118	166	Michael Andretti
1993	41.898	214.807	198	Emerson Fittipaldi
1994	40.783	220.680	121	Emerson Fittipaldi
1995	40.177	224.009	179	Scott Goodyear
1996	38.119	236.103	78	Eddie Cheever
1997	41.739	215.626	105	Tony Stewart
1998	41.908	214.746	19	Tony Stewart
1999	41.118	218.882	101	Greg Ray
2000	41.191	218.494	198	Buddy Lazier
2001	40.941	219.830	130	Sam Hornish Jr.
2002	39.735	226.499	20	Tomas Scheckter
2003	39.2692	229.187	100	Tony Kanaan
2004	41.2086	218.401	173	Vítor Meira
2005	39.4560	228.102	167	Tony Kanaan
2006	40.6778	221.251	41	Scott Dixon
2007	40.2829	223.420	18	Tony Kanaan
2008	40.1720	224.037	161	Marco Andretti
2009	40.5325	222.044	187	Dario Franchitti
2010	39.9840	225.090	15	Will Power
2011	40.0593	224.667	169	Dario Franchitti
2012	40.8771	220.172	59	Marco Andretti
2013	39.6580	226.940	185	Justin Wilson
2014	39.9661	225.191	182	Juan Pablo Montoya
2015	39.6979	226.712	102	Charlie Kimball
2016	39.9488	225.288	106	Alexander Rossi
2017	39.7896	226.190	150	Takuma Sato
2018	40.1538	224.138	131	Hélio Castroneves
2019	39.8220	226.006	40	Scott Dixon
2020	40.3290	223.164	66	James Hinchcliffe[1]
2021	39.5874	227.345	116	Santino Ferrucci
2022	40.0263	224.852	179	Marcus Ericsson
2023	39.8193	226.021	136	David Malukas
2024	39.7574	226.373	175	Christian Lundgaard

  All-time record race lap speed.

• 1990: Emerson Fittipaldi and Arie Luyendyk tied for fastest lap to three decimal places.

• Indianapolis Star & news 500 Mile Race Record Book (2002)