| Tournament details | |
|---|---|
| Dates | February 18 – June 17 |
| Teams | 21 (from 10 associations) |
| Final positions | |
| Champions |  São Paulo (1st title) |
| Runners-up |  Newell's Old Boys |
| Tournament statistics | |
| Matches played | 98 |
| Goals scored | 236 (2.41 per match) |
| Top scorer(s) | Palhinha (7 goals) |
The 1992 Copa Libertadores was the 33rd edition of the Copa Libertadores, CONMEBOL's annual international club tournament. São Paulo won the competition.