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Grand final: 15.12 (102) d Melbourne 7.9 (51) · M.C.G.
| # | Club | W–L–D | P | W | L | D | % | Pts | Form |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Geelong CatsGeelong | 13–5–0 | 18 | 13 | 5 | 0 | 133.1 | 52 | |
| 2 | FootscrayFootscray | 11–6–1 | 18 | 11 | 6 | 1 | 130.0 | 46 | |
| 3 | North MelbourneNorth | 11–6–1 | 18 | 11 | 6 | 1 | 99.6 | 46 | |
| 4 | MelbourneMelbourne | 11–7–0 | 18 | 11 | 7 | 0 | 121.4 | 44 | |
| 5 | RichmondRichmond | 10–8–0 | 18 | 10 | 8 | 0 | 114.7 | 40 | |
| 6 | EssendonEssendon | 10–8–0 | 18 | 10 | 8 | 0 | 107.8 | 40 | |
| 7 | CollingwoodCollingwood | 10–8–0 | 18 | 10 | 8 | 0 | 100.8 | 40 | |
| 8 | CarltonCarlton | 8–10–0 | 18 | 8 | 10 | 0 | 99.4 | 32 | |
| 9 | HawthornHawthorn | 8–10–0 | 18 | 8 | 10 | 0 | 88.0 | 32 | |
| 10 | South MelbourneSouth Melbourne | 6–12–0 | 18 | 6 | 12 | 0 | 81.6 | 24 | |
| 11 | FitzroyFitzroy | 4–13–1 | 18 | 4 | 13 | 1 | 73.2 | 18 | |
| 12 | St KildaSt Kilda | 4–13–1 | 18 | 4 | 13 | 1 | 72.7 | 18 |
Footscray won the 1954 premiership, beating Melbourne in the grand final, 15.12 (102) to 7.9 (51) at M.C.G..
Geelong Cats were minor premiers with 13 wins from 18 games.
St Kilda finished last with 4 wins and 1 draw.
Results before 2001 come from Squiggle (squiggle.com.au); match files with player stats start in 2001.