The 2025-26 UEFA Champions League is settled: Paris Saint-Germain are champions of Europe. PSG beat Arsenal 4-3 on penalties at the Puskás Aréna in Budapest on Saturday, May 30, after a 1-1 draw across 90 minutes and extra time. Outright markets are closed.
Arsenal struck first through Kai Havertz in the sixth minute and led at the break, the early goal asking PSG to chase the tie for the first time in their knockout run. Ousmane Dembélé levelled from the penalty spot in the 65th minute and extra time produced no further breakthrough. PSG converted four of their five spot-kicks; Arsenal, three of theirs. The trophy went to Paris for the first time in the club’s history.
The outright market that ran all season closed with PSG as the priced favorite heading into Budapest, and the result settled in line with the late tape. Arsenal’s run as the second-choice price was built on a defensive record that produced clean sheets in every home knockout leg through the bracket; the final was the first time in the knockouts a side scored against them at home from open play. PSG’s path closes with the route that defined their season: an attack that scored across every round, a defense that absorbed pressure when the result demanded it.
For the 2026-27 winner market and pre-season odds movement, the Champions League hub will carry the new bracket once the draw is made. To compare prices across top US sportsbooks, our betting sites guide rounds up the most competitive options.
Champions League winner odds 2025-26
Final result and how PSG were crowned
PSG: champions of Europe
Final: PSG 1-1 Arsenal (after extra time). PSG won 4-3 on penalties. Puskás Aréna, Budapest, 30 May 2026.
Luis Enrique’s side become the first PSG team to lift the European Cup. The route reads as a season-long statement: ten goals across two legs against Bayern München in the semi-final, a 4-0 aggregate win over Liverpool in the quarters, and a final settled on the only twelve yards of football the night offered after Arsenal’s early goal. The market priced them as the marginal favorite for the trophy, and the result settled accordingly.
Arsenal: runners-up
Final: Arsenal 1-1 PSG (after extra time). Arsenal lost 3-4 on penalties.
Mikel Arteta’s side reached their first Champions League final in 20 years and led the showpiece from the sixth minute. Havertz’s early goal was the start the build asked for, and the structure that produced clean sheets in every home knockout leg held until Dembélé’s spot-kick. The shootout went the way of margins: PSG converted four, Arsenal converted three. Second-place on the night, but the run from a knockout playoff entry to the final marks the deepest European campaign at the Emirates this generation.
Other Champions League 2025-26 outright markets
All season-long Champions League outright markets are now settled. The outright winner has gone to PSG, the finalists market settled on PSG and Arsenal, and the top scorer race closed with the field locked once Bayern’s elimination ended Harry Kane’s knockout-stage run. Live betting now turns to the 2026-27 winner market once the new league phase begins in mid-September.
The route to Budapest, in review
PSG and Arsenal arrived in Budapest by very different routes. PSG beat Liverpool 4-0 on aggregate in the quarter-final, then took Bayern München 6-5 across two extraordinary legs in the semi-final, scoring five at the Parc des Princes before holding the tie with a draw in Munich. Arsenal beat Sporting CP 1-0 in the round-of-16 bracket entry, came through Atlético Madrid 2-1 in the semi-final with a clean sheet at the Emirates in the decisive leg, and led the final inside six minutes before the night turned on a penalty kick.
Confirmed final result:
- Final: PSG 1-1 Arsenal (after extra time). PSG won 4-3 on penalties. Puskás Aréna, Budapest, 30 May 2026. Goals: Havertz 6′, Dembélé 65′ pen.
For player and team data, the Champions League stats hub carries the final 2025-26 numbers on goals, assists, clean sheets, and minutes. The fixtures and results page shows the complete season schedule, and the Champions League hub carries the full bracket retrospective.
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