Adolfo Suárez Madrid-Barajas airport has become a leading European and international airport, the quality of its facilities and services and the extension works carried out have brought it major international awards and acclaim over recent years endorsing its past trajectory.

In 2008 Adolfo Suárez Madrid-Barajas airport received the ACI Europe (Airports Council International) award for Best European Airport for its “successful expansion and its efforts to offer passengers the highest service quality and comparatively low airport taxes”. In 2007, the airport was named one of the world's top ten airports and number one in Southern Europe in a survey undertaken by Skytrax, the airline research and observation agency.

Since its opening, Terminal T4 has also received numerous awards from European and international institutions. Examples of these awards are the RIBA Stirling 2006 or the RIBA European Awards 2006, awarded by the Royal Institute of British Architects; the IStructurE Award for Commercial or Retail Structures 2006, from the Institution of Structural Engineers; the Award for Architecture and Town Planning from Madrid City Council; the International Architecture Awards 2007, awarded by the Chicago Athenaeum; the award for Best Engineering Project 2005 given by the Spanish Engineering Institute and third place in the Best International Terminal at the 2013 World Airport Awards.

Adolfo Suárez Madrid-Barajas was given the following awards: Best Global Airport 2011, given by the British Institute of Transport Management (ITM) for its "leading position among world airports", in addition to being "an environmentally responsible airport”; the ‘Pilot Friendly’ award given by the Spanish Union of Airline Pilots (SEPLA), for the joint efforts made by both organisations to “build safe and reliable infrastructures”. In 2011 it was also named the airport with best architectural design in the world by National Geographic Traveller magazine; “piece of a perfect airport”; and fifth best airport in the world by Condé Nast Traveller magazine. In 2012, it was given Gold Fast Travel Award (IATA) for the "measures adopted to facilitate and speed up airport formalities for passengers and increased efficiency by reducing check-in and boarding costs".

In 2014, the airport was given the Tourism Industry Tribute Award by Madrid City Council and Best International Airport at the CAPA Awards for the over 25 million passenger category.