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Grand final: 21.22 (148) d Collingwood 14.11 (95) · M.C.G.
| # | Club | W–L–D | P | W | L | D | % | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MelbourneMelbourne | 15–3–0 | 18 | 15 | 3 | 0 | 128.4 | 60 | |
| 2 | CollingwoodCollingwood | 15–3–0 | 18 | 15 | 3 | 0 | 122.0 | 60 | |
| 3 | RichmondRichmond | 13–5–0 | 18 | 13 | 5 | 0 | 118.0 | 52 | |
| 4 | St KildaSt Kilda | 13–5–0 | 18 | 13 | 5 | 0 | 116.5 | 52 | |
| 5 | CarltonCarlton | 12–6–0 | 18 | 12 | 6 | 0 | 123.1 | 48 | |
| 6 | EssendonEssendon | 8–10–0 | 18 | 8 | 10 | 0 | 97.0 | 32 | |
| 7 | Geelong CatsGeelong | 7–11–0 | 18 | 7 | 11 | 0 | 92.4 | 28 | |
| 8 | FitzroyFitzroy | 6–11–1 | 18 | 6 | 11 | 1 | 89.2 | 26 | |
| 9 | North MelbourneNorth | 6–12–0 | 18 | 6 | 12 | 0 | 91.3 | 24 | |
| 10 | HawthornHawthorn | 5–12–1 | 18 | 5 | 12 | 1 | 86.1 | 22 | |
| 11 | FootscrayFootscray | 4–14–0 | 18 | 4 | 14 | 0 | 82.6 | 16 | |
| 12 | South MelbourneSouth Melbourne | 3–15–0 | 18 | 3 | 15 | 0 | 70.8 | 12 |
Melbourne won the 1939 premiership, beating Collingwood in the grand final, 21.22 (148) to 14.11 (95) at M.C.G..
Melbourne were minor premiers with 15 wins from 18 games.
South Melbourne finished last with 3 wins.
Results before 2001 come from Squiggle (squiggle.com.au); match files with player stats start in 2001.