Official Box Score
15th Indianapolis 500-Mile Race at the Indianapolis Motor Speedway
Monday, May 31, 1927
| FP | SP | Car No. | Driver | Car Name | Cassis/Engine | Laps | Status | Prize Money | |
| 1 | 22 | 32 | R | George Souders | Duesenberg | Duesenberg/Duesenberg | 200 | 97.545 | $30,650.00 |
| 2 | 15 | 10 | Earl DeVore* | Miller | Miller/Miller | 200 | 93.868 | $12,800.00 | |
| 3 | 27 | 27 | Tony Gulotta* | Miller | Miller/Miller | 200 | 93.139 | $6,000.00 | |
| 4 | 19 | 29 | R | Wilbur Shaw* | Jynx | Miller/Miller | 200 | 93.110 | $4,000.00 |
| 5 | 28 | 21 | R | Dave Evans* | Duesenberg | Duesenberg/Duesenberg | 200 | 90.782 | $3,500.00 |
| 6 | 7 | 14 | Bob McDonogh* | Cooper | Cooper/Miller | 200 | 90.410 | $5,200.00 | |
| 7 | 18 | 16 | Eddie Hearne* | Miller | Miller/Miller | 200 | 90.064 | $1,800.00 | |
| 8 | 25 | 6 | W | Tommy Milton* | Detroit | Detroit/Miller | 200 | 85.081 | $1,600.00 |
| 9 | 14 | 25 | R | Cliff Bergere* | Miller | Miller/Miller | 200 | 79.929 | $1,500.00 |
| 10 | 13 | 5 | Frank Elliott* | Junior 8 | Miller/Miller | 200 | 78.242 | $1,400.00 | |
| 11 | 33 | 31 | R | Fred Frame* | Miller | Miller/Miller | 199 | Running | $750.00 |
| 12 | 32 | 42 | R | Jimmy Hill* | Nickel Plate | Miller/Miller | 197 | Running | $600.00 |
| 13 | 31 | 24 | R | Benny Shoaff* | Perfect Circle Duesenberg | Duesenberg/Duesenberg | 198 | Drive gears | $550.00 |
| 14 | 26 | 41 | Wade Morton* | Thompson Valve | Duesenberg/Duesenberg | 152 | Accident | $500.00 | |
| 15 | 20 | 44 | R | Al Melcher* | Miller | Miller/Miller | 144 | Supercharger | $490.00 |
| 16 | 23 | 43 | R | Louis Schneider* | Miller | Miller/Miller | 137 | Timing gears | $480.00 |
| 17 | 12 | 9 | Peter Kreis* | Cooper | Cooper/Miller | 123 | Front axle | $470.00 | |
| 18 | 1 | 2 | W | Frank Lockhart | Perfect Circle Miller | Miller/Miller | 120 | Rod | $11,460.00 |
| 19 | 6 | 15 | Cliff Woodbury* | Boyle Valve | Miller/Miller | 108 | Supercharger | $450.00 | |
| 20 | 17 | 26 | R | Dutch Baumann | Miller | Miller/Miller | 90 | Pinion shaft | $1,340.00 |
| 21 | 29 | 35 | R | Al Cotey* | Elcar | Miller/Miller | 87 | Universal joint | $430.00 |
| 22 | 16 | 17 | Doc Shattuc | Miller | Miller/Miller | 83 | Valve | $420.00 | |
| 23 | 30 | 23 | Fred Lecklider* | Elgin Piston Pin | Miller/Miller | 49 | Accident | $410.00 | |
| 24 | 5 | 19 | Ralph Hepburn | Boyle Valve | Miller/Miller | 39 | Fuel leak | $400.00 | |
| 25 | 4 | 1 | Harry Hartz | Erskine Miller | Miller/Miller | 38 | Crankshaft | $390.00 | |
| 26 | 2 | 3 | W | Pete DePaolo | Perfect Circle Miller | Miller/Miller | 31 | Supercharger | $380.00 |
| 27 | 3 | 12 | Leon Duray | Miller Front Drive | Miller/Miller | 26 | Fuel tank | $370.00 | |
| 28 | 9 | 4 | Bennett Hill | Cooper | Miller/Miller | 26 | Shackle bolt | $360.00 | |
| 29 | 21 | 18 | Jules Ellingboe | Cooper | Miller/Miller | 25 | Accident | $350.00 | |
| 30 | 10 | 8 | Norm Batten | Miller | Fengler/Miller | 24 | Fire | $340.00 | |
| 31 | 24 | 38 | R | Babe Stapp | Duesenberg | Duesenberg/Duesenberg | 24 | Universal joint | $330.00 |
| 32 | 11 | 22 | R | Jack Petticord | Boyle Valve | Miller/Miller | 22 | Supercharger | $320.00 |
| 33 | 8 | 7 | Dave Lewis | Miller Front Drive | Miller/Miller | 21 | Front axle | $310.00 | |
| Total Purse $90,350.00 | |||||||||
Time of Race: 5:07:33.08 Average Speed: 97.545 mph Margin of Victory: 12:2.87
Poll: #2 Frank Lockhart (120.100, 4:59.75) Fastest Race Lap: N/A
Winning Car Owner: William S. White Winning Chief Mechanic: Jean Marcenac Winning Tire: Firestone
Legend: R=Indianapolis 500-Mile Race Rookie; W=Indianapolis 500-Mile Race Former Winner; *=Had Relief Help
Lap Leaders: Lockhart 1-81, Baumann 82-90, Lockhart 91-119, DePaolo (for McDonough) 120-149, Souders 150-200.
Lap Leader Summary: Lockhart 2 times for 110 laps, Souders 1-51, DePaolo (for McDonough) 1-30, Baumann 1-9
Lead Changes: 4 among 4 drivers.