Melbourne Cup Results: Winners & Dividends

01Melbourne Cup 2025

The 2025 Melbourne Cup was run on Tuesday, 4 November 2025 at Flemington. As soon as the field crosses the line, the full finishing order, margins and win/place/trifecta dividends are published on our Melbourne Cup page and results section. Check the race card there for the confirmed field, barrier draw and live odds on Cup Day morning.

02Recent Melbourne Cup winners

2024: Knight's Choice, ridden by Robbie Dolan, trained by John Symons & Sheila Laxon — a stunning $91 winner by 0.1 lengths. 2023: Without A Fight (Mark Zahra) for Anthony & Sam Freedman at $9, by 2.25 lengths. 2022: Gold Trip (Mark Zahra, Ciaron Maher & David Eustace) at $17. 2021: Verry Elleegant (James McDonald, Chris Waller) at $15. The Cup's recent history rewards staying class and international form — four of the last six winners were European-bred.

03How to read the Cup result

Melbourne Cup dividends are parimutuel, declared after the race on the TAB: win (first), place (first three), quinella, exacta, trifecta (first three in order), first four, and the big-pool exotics. In recent years the Cup win dividend has ranged from under $2 (short-priced favourites) to the $91 paid on Knight's Choice — one of the great upsets in the race's history.

04Melbourne Cup records

Bart Cummings holds the training record with 12 Cups. Jockeys Harry White and Bobby Lewis each won four. Makybe Diva is the only three-time winner (2003–2005). The fastest running time belongs to Kingston Rule (1990), 3:16.30. The Cup has been run every year since 1861 — twice in 1975 after a dead heat was declared void — making it one of the world's oldest continuous sporting events.

Frequently Asked Questions