- 3× NBA champion (2006, 2012, 2013)
- NBA Finals MVP (2006)
- 13× NBA All-Star (2005–2016, 2019)
- NBA All-Star Game MVP (2010)
- 2× All-NBA First Team (2009, 2010)
- 3× All-NBA Second Team (2005, 2006, 2011)
- 3× All-NBA Third Team (2007, 2012, 2013)
- 3× NBA All-Defensive Second Team (2005, 2009, 2010)
- NBA scoring champion (2009)
- NBA All-Rookie First Team (2004)
- NBA 75th Anniversary Team
- No. 3 retired by Miami Heat
- Consensus first-team All-American (2003)
- Third-team All-American – SN (2002)
- Conference USA Player of the Year (2003)
- 2× First-team All-Conference USA (2002, 2003)
- No. 3 retired by Marquette Golden Eagles