The family Falconidae consists of the falcons and caracaras. There are about 60 species divided into two subfamilies.
- Genus Daptrius – Black Caracara
- Genus Ibycter – Red-throated Caracara (sometimes included in Daptrius)
- Genus Phalcoboenus (4 species)
- Genus Caracara – crested caracaras (2 living species, 1 extinct)
- Genus Milvago – brown caracaras (2 species)
- Genus Herpetotheres – Laughing Falcon
- Genus Micrastur – forest falcons (7 species)
- Genus Spiziapteryx – Spot-winged Falconet
- Genus Polihierax – pygmy-falcons (2 species, includes Neohierax)
- Genus Microhierax – typical falconets (5 species)
- Genus Falco – true falcons, hobbies and kestrels (around 37 species)