1992 Icelandic Cup

The 1992 Icelandic Cup was the 33rd edition of the National Football Cup.

It took place between 16 May 1992 and 23 August 1992, with the final played at Laugardalsvöllur in Reykjavik. The cup was important, as winners qualified for the UEFA Cup Winners' Cup (if a club won both the league and the cup, the defeated finalists would take their place in the Cup Winners' Cup).

The 10 clubs from the 1. Deild entered in the last 16, with clubs from lower tiers entering in the three preliminary rounds. Teams played one-legged matches. In case of a draw, a penalty shoot-out took place (there were no replays, unlike in previous years).

Valur won their eighth Icelandic Cup, and so qualified for Europe.

First round

 * colspan="3" style="background-color:#97DEFF"|16 May 1992


 * colspan="3" style="background-color:#97DEFF"|18 May 1992
 * colspan="3" style="background-color:#97DEFF"|18 May 1992


 * colspan="3" style="background-color:#97DEFF"|20 May 1992
 * colspan="3" style="background-color:#97DEFF"|20 May 1992


 * colspan="3" style="background-color:#97DEFF"|23 May 1992
 * colspan="3" style="background-color:#97DEFF"|23 May 1992


 * colspan="3" style="background-color:#97DEFF"|26 May 1992
 * colspan="3" style="background-color:#97DEFF"|26 May 1992


 * }

Second round

 * colspan="3" style="background-color:#97DEFF"|26 May 1992


 * colspan="3" style="background-color:#97DEFF"|16 June 1992
 * colspan="3" style="background-color:#97DEFF"|16 June 1992


 * }

Third round

 * colspan="3" style="background-color:#97DEFF"|23 June 1992


 * colspan="3" style="background-color:#97DEFF"|29 June 1992
 * colspan="3" style="background-color:#97DEFF"|29 June 1992


 * }

Fourth round

 * Entry of ten teams from the 1. Deild


 * colspan="3" style="background-color:#97DEFF"|7 July 1992


 * }

Quarter-finals

 * colspan="3" style="background-color:#97DEFF"|21 July 1992


 * }

Semi-finals

 * colspan="3" style="background-color:#97DEFF"|7 August 1992


 * }

Final

 * Valur won their eighth Icelandic Cup, and qualified for the 1993–94 European Cup Winners' Cup.