| 1 | Hercules def. King Haku Opening Match — Singles — 6:57 Hercules (managed by no one at this point, having broken free from Bobby Heenan) defeated King Haku (managed by Bobby Heenan) at 6:57 in the opening singles match of WrestleMania 5. | 6:57 | King Haku | Hercules | Singles Match |
| 2 | The Twin Towers def. The Rockers Tag Team Match — 8:02 — Shawn Michaels WM Debut The Twin Towers (Akeem and Big Boss Man, managed by Slick) defeated The Rockers (Shawn Michaels and Marty Jannetty) at 8:02 — marking the WrestleMania debut of Shawn Michaels as part of The Rockers. | 8:02 | — | — | Tag Team Match |
| 3 | Ted DiBiase vs. Brutus Beefcake — Double Count-Out Singles Match — Double Count-Out — 10:01 Ted DiBiase (with Virgil) and Brutus 'The Barber' Beefcake went to a double count-out at 10:01 — Beefcake had applied the sleeper hold on the floor and both men were counted out by the referee. | — | — | — | Singles Match |
| 4 | The Bushwhackers def. The Fabulous Rougeaus Tag Team Match — 9:10 The Bushwhackers (Luke Williams and Butch Miller) defeated The Fabulous Rougeaus (Jacques and Raymond Rougeau, managed by Jimmy Hart) at 9:10 — the Bushwhackers' WrestleMania debut. | 9:10 | — | — | Tag Team Match |
| 5 | Mr. Perfect def. The Blue Blazer Singles Match — 5:38 — Owen Hart WM Debut Mr. Perfect (Curt Hennig) defeated The Blue Blazer at 5:38 — The Blue Blazer was Owen Hart making his WrestleMania debut. Both were making their WM5 first WM appearances. | 5:38 | The Blue Blazer (Owen Hart) | Mr. Perfect (Curt Hennig) | Singles Match |
| 6 | Demolition def. Powers of Pain & Mr. Fuji — Handicap WWF Tag Team Championship — 3-on-2 Handicap Match Demolition (Ax and Smash) retained the WWF Tag Team Championship against The Powers of Pain (Warlord and Barbarian) and their former manager Mr. Fuji in a 3-on-2 Handicap Match — the most physically challenging title defense of Demolition's reign. | — | — | — | 3-on-2 Handicap Tag Team Championship Match |
| 7 | Dino Bravo def. Ronnie Garvin Grudge Match — Singles Dino Bravo (managed by Frenchy Martin) defeated Rugged Ronnie Garvin in their grudge singles match at WM5. | — | Ronnie Garvin | Dino Bravo | Singles Grudge Match |
| 8 | Brain Busters def. Strike Force — Strike Force Breaks Up Tag Team Match — Martel Turns Heel on Santana The Brain Busters (Arn Anderson and Tully Blanchard, managed by Bobby Heenan) defeated Strike Force (Rick Martel and Tito Santana) when Rick Martel walked out on Tito Santana after a miscommunication, then attacked him with a flag — Strike Force officially disbanded at WM5. | — | — | — | Tag Team Match |
| 9 | Jake Roberts def. Andre the Giant — by DQ Grudge Match — Big John Studd Special Referee — DQ Jake 'The Snake' Roberts defeated Andre the Giant (managed by Bobby Heenan) by disqualification with Big John Studd as special guest referee — Roberts retrieved Damien after the match, causing Andre to collapse in apparent fear. | — | Andre the Giant | Jake Roberts (via DQ) | Grudge Singles Match — Special Guest Referee |
| 10 | Hart Foundation def. Rhythm & Blues Tag Team Grudge Match — Honky & Valentine The Hart Foundation (Bret Hart and Jim Neidhart) defeated Rhythm & Blues (Honky Tonk Man and Greg Valentine, managed by Jimmy Hart) in a tag team grudge match at WM5. | — | — | — | Tag Team Grudge Match |
| 11 | Rick Rude def. Ultimate Warrior — IC Championship WWF Intercontinental Championship — Title Change Ravishing Rick Rude (managed by Bobby Heenan) defeated The Ultimate Warrior at WM5 to win the WWF Intercontinental Championship — Rude used a piledriver and then the rude awakening while holding the tights — the Warrior's first pinfall loss in the WWF. | — | Ultimate Warrior | Rick Rude (NEW IC Champion) | WWF Intercontinental Championship Match |
| 12 | Jim Duggan vs. Bad News Brown — Double DQ Grudge Match — Double Disqualification — 3:49 Hacksaw Jim Duggan and Bad News Brown fought to a double disqualification at 3:49 — both men used foreign objects (Duggan his 2x4, Brown his bag) to cause the simultaneous disqualification. | — | — | — | Grudge Singles Match |
| 13 | The Red Rooster def. Bobby Heenan Grudge Singles Match — 0:31 — Shortest WM5 Match The Red Rooster (Terry Taylor) defeated Bobby Heenan (with The Brooklyn Brawler at ringside) at approximately 31 seconds — the shortest match of WM5 and one of the shortest in WrestleMania history, with Heenan taking the pin following a roll-up. | 0:31 | Bobby Heenan | The Red Rooster (Terry Taylor) | Grudge Singles Match |
| 14 | Hulk Hogan def. Randy Savage — Mega Powers Explode WWF World Heavyweight Championship — MAIN EVENT — 17:54 Hulk Hogan defeated WWF Champion Randy Savage (with Miss Elizabeth in a neutral corner — later sent backstage by referee) at 17:54 with the Atomic Leg Drop to win his second WWF World Heavyweight Championship — the first time the WWF Championship changed hands at WrestleMania in a non-tournament match. | 17:54 | Randy Savage (former champion) | Hulk Hogan — NEW 2x WWF Champion | WWF World Heavyweight Championship — The Mega Powers Explode |