The event, which took place at London's Grosvenor Hotel, was hosted by Al Murray and featured 'star guest' presenters such as BBC Radio 1's Nick Grimshaw, Danny Boyle and Alice Cooper.
Blur won the award for Best Live Act, while Muse managed to beat The Stone Roses, Lady Gaga and Coldplay in order to win the Best Act In The World Today award.
Speaking about the event, Q's Editor Andrew Harrison said: "It's been the most incredible year for British music. Our bands and our anthems transformed the Olympics. A string of great albums announced fantastic new talent on the scene.
"And amazing comeback shows from Blur and the Stone Roses showed the enduring appeal of our best-loved musicians.
"Q is proud to raise a glass (perhaps a bottle of our very own Q Red Label Beer) to salute the artists that make Britain the world capital of rock and roll."
Other winners included Plan B winning Best Track for his single 'ill Manors', Pulp winning the Q Inspiration award and Johnny Marr being awarded the Q Hero award.
Q Awards 2012: Alt-J at the event, nominated for Q Best New Act.
Q Best New Act
Django Django
Best Track
Plan B - 'Ill Manors'
Best Album
Bobby Womack - The Bravest Man In The Universe
Best Live Act
Blur
Best Video
Keane - 'Disconnected'
Best Solo Artist
Emeli Sandé
Best Act In The World Today
Muse