Starting from 2007, the SPAA conference has been awarding annual Best Paper Award. In addition, starting in 2016, the SPAA conference has started awarding Outstanding Paper Award or Best Paper Finalists.

The SPAA Test-of-Time Award will recognize papers that have had a significant impact on the SPAA community and beyond. All regular papers that were published in a SPAA conference at least 10 years ago are eligible for the award.

The SPAA Parallel Computing Award will recognize a person either for a singular important result or for a career of accomplishments related to the SPAA community. However, it is not restricted to people who publish in SPAA, or a result that appeared in SPAA.