The aim of this study was to estimate the genetic parameters of a one‐day performance test together with the linear type traits of 3‐year‐old warmblood horses. The study of genetic parameters was based on 5958 tested horses in the period 1998–2021. A total of 22 traits of linear description, three quantitatively measured traits, and one summary mark from the performance test were tested. The model equation included the fixed effect of gender and combination effects of classifier–year of evaluation–place. A single‐trait animal model was used for the estimation of heritability and genetic variance, while the two‐trait animal model was applied for the estimation of variance and covariance between all traits. The heritability of the overall score of the performance test was 0.25. The range for heritability was between 0.04 and 0.33 for the linear type traits and between 0.46 and 0.57 for the quantitatively measured traits. Genetic correlations were between −0.47 and 0.92. The estimated genetic parameters suggest that the results from the performance test can be incorporated into genetic evaluation in the Czech Republic.