"Formation" won in three categories at the 2016 BET Awards for Video of the Year, the Centric Award, and the Viewers Choice Award. At the 2017 BET Awards Beyoncé was nominated in 7 categories and won 5, including Album of the Year, Video of the Year for "Sorry" and Best Female R&B/Pop Artist. The Lemonade film was nominated for four Primetime Emmy Awards, including Outstanding Variety Special and Outstanding Directing for a Variety Special. From the four categories, Beyoncé was nominated in the two mentioned. The album's visuals received 11 nominations at the 2016 MTV Video Music Awards. They included Breakthrough Long Form Video for Lemonade, Video of the Year, Best Pop Video, Best Direction, Best Editing, and Best Cinematography for "Formation", Best Female Video and Best Art Direction for "Hold Up", and Best Choreography for "Sorry" and "Formation". Beyoncé went on to win eight of her nominations, including Video of the Year and Breakthrough Long Form Video.
She received two nominations at the 2016 MTV Video Music Awards Japan for Best Album of the Year for Lemonade and Best Female Video International for "Formation", eventually winning for Best Album of the Year. At the 2016 Soul Train Music Awards, Beyoncé was nominated for eight awards including Best Female Artist, Lemonade for Album of the Year, and "Formation" for Song and Video of the Year. Beyoncé went on to win all four awards. Lemonade won Best TV Show – Special or Limited Series at the African American Film Critics Association. At the 2017 NAACP Image Awards, Lemonade was nominated for Outstanding Album and Outstanding Variety – Series or Special, "Formation" was nominated for Outstanding Song and Outstanding Music Video, and "Freedom", featuring Kendrick Lamar, was nominated for Outstanding Duo, Group or Collaboration and Outstanding Song. The album received four awards, including Outstanding Album, Outstanding Song and Outstanding Duo, Group or Collaboration for "Freedom" and Outstanding Music Video for "Formation". At the 2016 ADG Excellence in Production Design Awards, Lemonade received the award for Best Awards or Event Special, as well as "Hold Up", "6 Inch" and "Denial" all being nominated for Best Short Format: Web Series, Music Video or Commercial.
At the 59th Annual Grammy Awards, Lemonade received three nominations: Album of the Year, Best Urban Contemporary Album and Best Music Film. "Formation" received three as well: Record of the Year, Song of the Year and Best Music Video. "Hold Up" was nominated for Best Pop Solo Performance, "Don't Hurt Yourself" for Best Rock Performance and "Freedom" for Best Rap/Sung Performance. Beyoncé went on to win two awards, Best Urban Contemporary Album and Best Music Video for "Formation". Lemonade won Outstanding Television Documentary or Special at the 2017 Black Reel Awards.
Lemonade won a Peabody Award in Entertainment, along with the following description by the board of jurors:
Adroitly bringing together stories about betrayal, renewal, and hope, Lemonade draws from the prolific literary, musical, cinematic, and aesthetic sensibilities of black cultural producers to create a rich tapestry of poetic innovation. Defying genre and convention, Lemonade immerses viewers in the sublime worlds of black women, family, and community where we experience poignant and compelling stories about the lives of women of color and the bonds of friendship seldom seen or heard in American popular culture. This innovative and stunningly beautiful masterpiece challenges us to readjust our visual and sonic antennae and invites a reckoning with taken for granted ideas about who we are. For the audacity of its reach and the fierceness of its vision in challenging our cultural imagination about the intimacies and complexities of women of color, we recognize Lemonade as a Peabody Award winner.
—The George Foster Peabody Awards Board of Jurors