The 15th Cannes Film Festival was held from 7 to 23 May 1962. The Palme d'Or went to the O Pagador de Promessas by Anselmo Duarte. The festival opened with Les Amants de Teruel, directed by Raymond Rouleau.

The Palme d'Or is the highest prize awarded at the Cannes Film Festival. It was introduced in 1955 by the festival's organizing committee. Previously, from 1939 to 1954, the festival's highest prize was the Grand Prix du Festival International du Film. In 1964, the Palme d'Or was replaced again by the Grand Prix, before being reintroduced in 1975.