The 1992 Mitropa Cup was the 50th and last season of the Mitropa football club tournament. It was won by Borac Banja Luka who beat BVSC Budapest in the final 1–1 (5–3 after penalty shoot-out).
Semi-finals
Matches played on 27 May 1992.
| Team 1 | Score | Team 2 |
|---|---|---|
Foggia 
|
2–2 (2–4 p) |  Borac Banja Luka
|
BVSC Budapest 
|
0–0 (6–5 p) |  DAC Dunajská Streda
|
Final
| Borac Banja Luka | 1–1 (a.e.t.) | BVSC Budapest |
|---|---|---|
|
|
|
| Penalties | ||
| 5–3 | ||
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