The 36th Filipino Academy of Movie Arts and Sciences Awards Night was held on May 6, 1988 at the Manila Hotel Fiesta Pavilion in the Philippines, honoring the best films of 1987.
Saan Nagtatago ang Pag-ibig won the most awards with four wins including the most coveted FAMAS Award for Best Picture Three people were elevated to the "Hall Of Fame" status after winning their respective categories five times. They were Fernando Poe Jr. for best actor, Augusto Salvador for editing and George Canseco for musical score. This is the second time for Canseco who was earlier inducted to the Hall of Fame for winning five time in the Theme Song Category.
Winners are listed first and highlighted with boldface.