The Tony Award for Best Musical is given annually to the best new Broadway musical, as determined by Tony Award voters. The award is one of the ceremony's longest-standing awards, having been presented each year since 1949. The award goes to the producers of the winning musical. A musical is eligible for consideration in a given year if it has not previously been produced on Broadway and is not "determined... to be a 'classic' or in the historical or popular repertoire", otherwise it may be considered for Best Revival of a Musical. Best Musical is the final award presented at the Tony Awards ceremony. Excerpts from the musicals that are nominated for this award are usually performed during the ceremony before this award is presented. This is a list of winners and nominees for the Tony Award for Best Musical.

Winners and nominees

1940s

1950s

1960s

1970s

1980s

1990s

2000s

2010s

2020s

Records

Accumulated records as of 2022: