Who Won Melbourne Cup 2025? Result, Prize & Full Winner List

The 2025 Melbourne Cup was won by Half Yours, with jockey Jamie Melham bringing home a thrilling victory for trainers Tony and Calvin McEvoy. Half Yours made history as the only Australian-bred horse in this year’s race, becoming a national favourite and stopping the crowd with a sprint finish at Flemington Racecourse.​

2025 Melbourne Cup Full Winner List: Every Horse Placing

The race was intense with strong contenders, and fans witnessed fierce competition. Below is the full finishing order with placements and horse numbers for Melbourne Cup 2025.

Key Highlights of Melbourne Cup 2025

• Winner: Half Yours (No. 14)

• Runner-up: Goodie Two Shoes (No. 20)

• Third Place: Middle Earth (No. 7)

Half Yours: Melbourne Cup Story

This year, Half Yours became just the 13th horse ever to win both the Melbourne Cup and Caulfield Cup in the same season, a rare accomplishment. Jockey Jamie Melham is now only the second woman to win the Melbourne Cup, following Michelle Payne’s famous victory in 2015. Against tough international competition, Half Yours raced from midfield and surged ahead to win by less than a length, showing incredible stamina and skill on a rainy Cup Day., and in this video you will see how Half Yours team celebrated

✨A feeling beyond words… Half Yours wins the 2025 Lexus Melbourne Cup#MelbCupCarnival #CupDay pic.twitter.com/J1TwRgRYht

— Victoria Racing Club (@FlemingtonVRC) November 4, 2025

Melbourne Cup 2025 Prizes and Payouts

The total prize money for the 2025 Melbourne Cup was a record $10 million AUD, with $4.5 million going to the winning owner, plus a pure gold trophy for the team.​

• The trainer gets 10% of the prize, and the jockey gets 5%.

• Second place receives $1.1 million, third $560,000, and every horse that finishes from sixth to last gets at least $100,000.

Watch Melbourne Cup 2025 Event

What Does “Half Yours” Mean?

In racing, “Half Yours” is the name of the star horse, representing the dream of sharing the Cup with the whole nation. The phrase became a hashtag among fans celebrating the result across Australia.

Race Day Highlights and Records

• Half Yours broke a 13-year streak—no favourite had won the Melbourne Cup 2025 for over a decade.

• Jamie Melham competed against her husband in the race, adding extra drama to the event.​

• The weather shifted just before the race, making the track more challenging.

ALSO READ: Melbourne Cup Results Make Jamie Melham & Half Yours Team Cry