2025 Melbourne Cup

Common card · No. 256763

The 2025 Melbourne Cup, known commercially as the 2025 Lexus Melbourne Cup, was the 165th running of the Melbourne Cup, an Australian thoroughbred horse race. The race, run over 3,200 metres (1.988 mi), was held on 4 November 2025 at Melbourne's Flemington Racecourse. The final field for the race was declared on 1 November 2025. The total prize money for the race is A$10 million, a $1.44 million increase from 2024. The race was won by Half Yours, ridden by Jamie Melham, the first woman to win since Michelle Payne in 2015.

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