In the 2025-26 Champions League final, Arsenal lost to Paris Saint-Germain in a penalty shootout, missing out on their first-ever Champions League title. This marks Arsenal's second Champions League final defeat, a record surpassed only by Atletico Madrid.
In both the 2005-06 and 2025-26 seasons, Arsenal finished as runners-up in their two Champions League final appearances.
Statistics show that Arsenal is tied for the second-most Champions League final appearances without winning the title, trailing only Atletico Madrid, who finished as runners-up in all three of their finals.
Teams that have never won the Champions League ranked by number of final appearances:
Atletico Madrid (1974, 2014, 2016)
Reims (1956, 1959)
Valencia (2000, 2001)
Arsenal (2006, 2026)