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The 2016 Oscar nominations are here!

On Thursday morning the nominations for the 2016 Oscars were announced and there's some incredible competition in each of the categories.

Celebs like Joy's Jennifer Lawrence and Room's Brie Larson were both nominated in the Best Performance by an Actress in a Leading Role category for their incredible work this year.

"I thought, 'Holy s--t!'" Brie revealed. "It's that mixed with a total flat line."

In a statement Jennifer said, "I am beyond grateful and humbled by this nomination. I feel incredibly honored to be recognized among the other amazing women in this category."

This is Jennifer's fourth (!!) Oscar nomination, Brie's first and the gorgeous ladies will go head to head in what's sure to be an exciting Best Actress showdown.

What are some other showdowns we can expect at the 2016 Oscars?

Watch the E! News video above to find out!