| Year | Festival | Category | Winner | Result |
|---|---|---|---|---|
| 1998 | Oscars | Best Film Editing | James Cameron | Winner |
| 1998 | Oscars | Best Director | James Cameron | Winner |
| 1998 | Oscars | Best Picture | James Cameron | Winner |
| 1998 | SAG Awards | Outstanding Performance by a Cast in a Motion Picture | Bill Paxton | Nominated |
| 1998 | Oscars | Best Actress | Kate Winslet | Nominated |