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Date: 31 July 1948
| Rank | Name | Nation | Time |
| 1 | John Ljunggren | SWE | 4:41:52.0 |
| 2 | Gaston Godel | SUI | 4:48:17.0 |
| 3 | Tebbs Lloyd Johnson | GBR | 4:48:31.0 |
| 4 | Edgar Bruun | NOR | 4:53:18.0 |
| 5 | Harold Martineau | GBR | 4:53:18.0 |
| 6 | Rune Bjurstrom | SWE | 4:56:43.0 |
| 7 | Pierre Mazille | FRA | 5:01:40.0 |
| 8 | Claude Hubert | FRA | 5:03:12.0 |
| 9 | Enrique Villaplana | ESP | 5:03:31.0 |
| 10 | Tage Jonsson | SWE | 5:05:08.0 |
| 11 | Henri Caron | FRA | 5:08:15.0 |
| 12 | Ernest Crosbie | USA | 5:15:16.0 |
| 13 | Sandor Laszlo | HUN | 5:16:30.0 |
| 14 | Salvatore Cascino | ITA | 5:20:03.0 |
| 15 | John Deni | USA | 5:28:33.0 |
| 16 | Adolf Weinecker | USA | 5:30:14.0 |
| Did not finish | |||
| Per Olav Baarnaas | NOR | ||
| Valentino Bertolini | ITA | ||
| Sixto Ibanez | ARG | ||
| Francesco Pretti | ITA | ||
| Sadhu Singh | IND | ||
| Rex Whitlock | GBR | ||
| Gerhard Winther | NOR | ||