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Grand final: 16.14 (110) d Carlton 9.14 (68) · M.C.G.
| # | Club | W–L | P | W | L | % | Pts | Form |
|---|---|---|---|---|---|---|---|---|
| 1 | HawthornHawthorn | 18–4 | 22 | 18 | 4 | 141.6 | 72 | |
| 2 | Sydney SwansSydney | 16–6 | 22 | 16 | 6 | 118.4 | 64 | |
| 3 | CarltonCarlton | 15–7 | 22 | 15 | 7 | 141.8 | 60 | |
| 4 | FitzroyFitzroy | 13–9 | 22 | 13 | 9 | 100.2 | 52 | |
| 5 | EssendonEssendon | 12–10 | 22 | 12 | 10 | 120.3 | 48 | |
| 6 | CollingwoodCollingwood | 12–10 | 22 | 12 | 10 | 109.2 | 48 | |
| 7 | North MelbourneNorth | 12–10 | 22 | 12 | 10 | 98.6 | 48 | |
| 8 | FootscrayFootscray | 11–11 | 22 | 11 | 11 | 97.7 | 44 | |
| 9 | Geelong CatsGeelong | 7–15 | 22 | 7 | 15 | 82.1 | 28 | |
| 10 | RichmondRichmond | 7–15 | 22 | 7 | 15 | 78.4 | 28 | |
| 11 | MelbourneMelbourne | 7–15 | 22 | 7 | 15 | 74.9 | 28 | |
| 12 | St KildaSt Kilda | 2–20 | 22 | 2 | 20 | 71.9 | 8 |
Hawthorn won the 1986 premiership, beating Carlton in the grand final, 16.14 (110) to 9.14 (68) at M.C.G..
Hawthorn were minor premiers with 18 wins from 22 games.
St Kilda finished last with 2 wins.
Results before 2001 come from Squiggle (squiggle.com.au); match files with player stats start in 2001.