The 1992 Masters (officially the 1992 Benson & Hedges Masters) was a professional non-ranking snooker tournament that took place between 2 and 9 February 1992 at the Wembley Conference Centre in London, England.

Stephen Hendry retained his title by beating John Parrott 9–4 in the final. This was Parrott's last of his three masters finals, he would retire without winning the event.

Field Defending champion Stephen Hendry was the number 1 seed. Places were allocated to the top 16 players in the world rankings. Players seeded 15 and 16 played in the wild-card round against the winner of the qualifying event, Ken Doherty (ranked 51), and James Wattana (ranked 20), who was the wild-card selection. Ken Doherty and Tony Jones were making their debuts in the Masters.

Wild-card round In the preliminary round, the wild-card players plays the 15th and 16th seeds:

Match Date Score WC1 Monday 3 February (15) 4–5 WC2 Sunday 2 February (16) 1–5

Main draw

Final Final: Best of 17 frames. Referee: Alan ChamberlainWembley Conference Centre, London, England, 9 February 1992. Stephen Hendry 9–4 John Parrott First session: 110–0 (81), 56–50, 64–22, 136–0 (136), 58–68, 49–61, 77–32 (67), 64–38, 71–11, 1–119 (81), 6–62, 91–1 (91), 97–0136 Highest break 81 1 Century breaks 0 4 50+ breaks 1

Qualifying Ken Doherty won the qualifying tournament, known as the 1991 Benson & Hedges Championship at the time.

Century breaks Total: 8

139 Jimmy White 136, 118 Stephen Hendry 130, 105 James Wattana 119 Gary Wilkinson 114 John Parrott 101 Steve Davis

James Wattana's 130 was scored in the wild-card round.

References