Ormazábal is a Basque surname. Notable people with the surname include:
- Asier Ormazábal Larizgoitia (born 1982), Spanish footballer
- Manuel Ormazábal Pino (born 1983), Chilean footballer
- Patricio Ormazábal Mozó (born 1979), Chilean footballer,
- Ramón Ormazábal Tife (1910–1982), Basque communist politician
- Víctor Ormazábal (born 1985), Argentinian footballer
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