GTP‐binding proteins are among the most important enzyme families that are involved in a plethora of biological processes. However, owing to the enormous diversity of the nucleotide‐binding protein family, comprehensive analyses of the expression level, structure, activity, and regulatory mechanisms of GTP‐binding proteins remain challenging with the use of conventional approaches. The many advances in mass spectrometry (MS) instrumentation and data acquisition methods, together with a variety of enrichment approaches in sample preparation, render MS a powerful tool for the comprehensive characterizations of the activities and expression levels of various GTP‐binding proteins. We review herein the recent developments in the application of MS‐based techniques, together with general and widely used affinity enrichment approaches, for the proteome‐wide and targeted capture, identification, and quantification of GTP‐binding proteins. The working principles, advantages, and limitations of various strategies for profiling the expression level, activity, posttranslational modifications, and interactome of GTP‐binding proteins are discussed. It can be envisaged that future applications of MS‐based proteomics will lead to a better understanding about the roles of GTP‐binding proteins in different biological processes and human diseases. © 2020 John Wiley & Sons Ltd. Mass Spec Rev.