Schatz was awarded the 2015 IPA International Photography Award for Book of the Year for his retrospective, "Schatz Images: 25 Years." The IPA Awards, administered by the Lucie Foundation, are considered among the most prestigious in the field of photography.

His work recently showed at the Brooklyn Museum as part of its "Who Shot Sports" exhibition. His work has been shown in numerous museums, including the Whitney, the Guggenheim, San Francisco MOMA, the Met, MOMA, and that Art Institute of Chicago, and can be found in numerous private collections. Schatz has published 26 books of his work.