The 2015 Red Bull Air Race of Budapest was the fourth round of the 2015 Red Bull Air Race World Championship season, the tenth season of the Red Bull Air Race World Championship.^[1] The event was held on the Danube river in Budapest, Hungary.

Austria's Hannes Arch took his second successive victory by 0.207 seconds ahead of championship leader Paul Bonhomme, with Martin Šonka completing the podium in third place. In the Challenger class, Daniel Ryfa took his second successive win by 0.227 seconds ahead of Mikaël Brageot, with Peter Podlunšek and Petr Kopfstein also finishing within a second of Ryfa.

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Master Class standings Pos Pilot Pts 1 Paul Bonhomme 34 2 Hannes Arch 29 Matt Hall 4 Martin Šonka 16 5 Pete McLeod 14

Challenger Class standings Pos Pilot Pts 1 Daniel Ryfa 28 2 Petr Kopfstein 22 Cristian Bolton Mikaël Brageot 5 Peter Podlunšek 10

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• Note: Only the top five positions are included for both sets of standings.