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Grand final: 8.15 (63) d Fitzroy 6.10 (46) · M.C.G.
| # | Club | W–L–D | P | W | L | D | % | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1 | EssendonEssendon | 13–3–0 | 16 | 13 | 3 | 0 | 135.8 | 52 | |
| 2 | FitzroyFitzroy | 11–5–0 | 16 | 11 | 5 | 0 | 115.7 | 44 | |
| 3 | South MelbourneSouth Melbourne | 9–7–0 | 16 | 9 | 7 | 0 | 107.3 | 36 | |
| 4 | Geelong CatsGeelong | 9–7–0 | 16 | 9 | 7 | 0 | 104.0 | 36 | |
| 5 | CollingwoodCollingwood | 8–7–1 | 16 | 8 | 7 | 1 | 109.1 | 34 | |
| 6 | St KildaSt Kilda | 8–8–0 | 16 | 8 | 8 | 0 | 98.7 | 32 | |
| 7 | CarltonCarlton | 6–9–1 | 16 | 6 | 9 | 1 | 84.0 | 26 | |
| 8 | RichmondRichmond | 4–12–0 | 16 | 4 | 12 | 0 | 79.5 | 16 | |
| 9 | MelbourneMelbourne | 3–13–0 | 16 | 3 | 13 | 0 | 80.4 | 12 |
Essendon won the 1923 premiership, beating Fitzroy in the grand final, 8.15 (63) to 6.10 (46) at M.C.G..
Essendon were minor premiers with 13 wins from 16 games.
Melbourne finished last with 3 wins.
Results before 2001 come from Squiggle (squiggle.com.au); match files with player stats start in 2001.