Hybrid density functional calculations are used to locate 33 local minima on the potential energy surface of the formic acid trimer. Additional computations are performed for the 14 lowest-energy structures to assess their sensitivity to enlarging the basis set and to varying the density functional. Energies and enthalpies show that the global minimum is a planar structure consisting of the lowest-energy dimer bound to the third monomer by a strong O–H⋯O bond. However, a planar, symmetric ring structure has the lowest Gibbs free energy.