The 1992–93 season of the European Cup Winners' Cup was won by Parma in the final against Antwerp. Both were first time finalists in the competition, and Antwerp were the last Belgian side to reach a European final up to the present day. The competition had more entrants than ever before due to the break-up of Yugoslavia and the Soviet Union, resulting in many new countries eligible to enter the winners of their own cups into the competition. Israel, the Faroe Islands and Liechtenstein were also represented for the first time.

Qualifying round

First leg

Second leg

Chornomorets Odesa won 12–1 on aggregate. Maribor won 5–2 on aggregate. Avenir Beggen won 2–1 on aggregate. Hapoel Petah Tikva won 4–0 on aggregate.

First round

First leg

Second leg

Steaua București won 4–0 on aggregate. Liverpool won 8–2 on aggregate. ''4–4 on aggregate. AGF won on away goals.'' Admira Wacker won 3–1 on aggregate. ''2–2 on aggregate. Feyenoord won on away goals.'' Sparta Prague won 3–1 on aggregate. Olympiacos won 3–1 on aggregate. Trabzonspor won 4–2 on aggregate. Monaco won 1–0 on aggregate. ''2–2 on aggregate. Luzern won on away goals.'' Spartak Moscow won 5–1 on aggregate. Werder Bremen won 4–3 on aggregate. ''2–2 on aggregate. Antwerp won 3–1 on penalties.'' Atlético Madrid won 9–1 on aggregate. Parma won 2–1 on aggregate. Boavista won 3–0 on aggregate.

Second round

First leg

Second leg

Sparta Prague won 4–2 on aggregate. ''4–4 on aggregate. Steaua București won on away goals.'' Olympiacos won 1–0 on aggregate. Parma won 2–0 on aggregate. Atlético Madrid won 2–0 on aggregate. Spartak Moscow won 6–2 on aggregate. Feyenoord won 4–2 on aggregate. Antwerp won 7–6 on aggregate.

Quarter-finals

First leg

Second leg

Parma won 2–0 on aggregate. ''1–1 on aggregate. Antwerp won on away goals.'' Spartak Moscow won 4–1 on aggregate. Atlético Madrid won 4–2 on aggregate.

Semi-finals

First leg

Second leg

Antwerp won 3–2 on aggregate. ''2–2 on aggregate. Parma won on away goals.''

Final

Top scorers