- 2004 - Best Supporting Actor - Million Dollar Baby
BAFTA:
- 2010 - Alexander Korda Award for Outstanding British Film of the Year - The Last Station
- 2012 - BAFTA Fellowship
Golden Globe:
- 1988 - Best Supporting Actor - Motion Picture - Street Smart
- 1991 - Best Actor - Motion Picture Musical or Comedy - Driving Miss Daisy
- 2004 - Best Supporting Actor - Motion Picture - Million Dollar Baby
Screen Actors Guild:
- 1994 - Outstanding Performance by a Cast in a Motion Picture - The Shawshank Redemption
- 1997 - Outstanding Performance by a Cast in a Motion Picture - Amistad
- 1998 - Outstanding Performance by a Male Actor in a Supporting Role - Deep Impact
- 2004 - Outstanding Performance by a Cast in a Motion Picture - Million Dollar Baby
- 2009 - Life Achievement Award
Other Awards:
- 1987 - Best Actor - National Society of Film Critics - Street Smart
- 2000 - Best Actor - Chicago Film Critics Association - Nurse Betty
- 2001 - Black Movie Critics Award - Outstanding Performance by a Male Actor in a Leading Role - Nurse Betty
- 2003 - Best Actor - Satellite Awards - Bruce Almighty
- 2003 - Best Actor - Saturn Award - Bruce Almighty
- 2003 - Best Actor - Black Movie Association Awards - Bruce Almighty
- 2004 - Best Actor - Black Movie Association Awards - Million Dollar Baby
- 2005 - Best Actor - Black Movie Association Awards - Unleashed
- 2006 - Lifetime Achievement Award - Black Movie Association Awards
- 2006 - Hollywood Walk of Fame - Motion Pictures - 1716 Vine Street
- 2009 - Best Supporting Actor - Alliance of Women Film Journalists - Batman Begins
- 2012 - Best Actor - Acapulco Black Film Festival - Bopha!