The 1923 World Allround Speed Skating Championships took place at 10 and 11 February 1923 at the ice rink Östermalms Idrottsplats in Stockholm, Sweden.

Harald Strøm was defending champion but did not succeed in prolonging his title.

Clas Thunberg became World champion for the first time.

The points were awarded to the skaters who had skated all the distances.

The final ranking was then decided by ordering the skaters by lowest point totals.