The Netflix Movie Emilia Pérez leads the way this year with 13 nominations, including best picture, making it the most nominated foreign film is Oscar history.
The French production of the Spanish-language film also picked up nods in the best cinematography, best actress (Karla Sofia Gascon), sound, editing, international cinema, best song category—where it was nominated twice and the best adapted screenplay.
Wicked has 10 nominations, including best actress (Cynthia Erivo) and best supporting actress (Ariana Grande), as well as nominations in the sound, editing, picture, visual effects, and original score categories.
Who has missed out?
Many fans were keeping their fingers crossed for Pamela Anderson to make it into the best actress for The Last Showgirl, which sees her give a vulnerable and powerful performance as an ageing Las Vegas performer.
She showed up unexpectedly at other ceremonies, including the SAG and Golden Globe nominations, but has ultimately missed out at the Oscars.
Marianne Jean-Baptiste was another victim of the busy best actress category, missing out on a nomination for her performance in Mike Leigh's Hard Truths.
But it's also worth reflecting on how quickly Angelina Jolie's campaign ran out of steam this season, after also missing SAG and Bafta nominations.
Just a few weeks ago, Jolie was considered a dead-cert for the category for her portrayal of opera singer Maria Callas, and her fans were ready for a comeback on the awards stage.
But voters clearly weren't keen on Pablo Larraín's film, which scored just one nomination for cinematography.
Emilia Pérez's Karla Sofía Gascón responds to nomination
The film Emilia Pérez has swept through the Oscar nominations this year, including in the best actress category for Karla Sofía Gascón's performance.
Responding to the news of her nomination, she says in a post on X, external: "Thank you so much."
"I take refuge in the Lotus of the Wonderful Law," she goes on to say—a phrase linked to Nichiren Buddhism, which the actress has been practicing for more than 20 years.
Record breakers in best actress
There are several interesting things to note in the best actress category this year.
Karla Sofía Gascón becomes the first transgender person to be nominated for an acting prize at the Oscars. She is up for lead actress for her role in Emilia Pérez.
In the same category, Wicked star Cynthia Erivo becomes the first black British woman to score two Oscar nominations for acting.
And, for the first time in 47 years, all five of the women nominated for best actress appear in best picture-nominated films - although that's partly because the category was expanded to 10 slots a few years ago.