The ICC World Cup trophy is a running trophy that is being presented to the winners of the tournament since 1999. Designed by the Garrard & Co, the trophy was first won by Steve Waugh's Australian side and since then has been retained by Australian in the last two events.

The original trophy is kept at the ICC headquarters in Dubai while the winners are given a replica of the same. The only difference between the two is that the original one has the names of the previous winners inscribed on it.