The Gunners won the league again, for the third time in four years, again winning it at Chelsea, this time with a 2–2 draw.
They finished three points clear of runners-up Huddersfield Town, but manager Herbert Chapman, who had invented the WM formation along with a host of other tactics, and had first suggested the use of floodlights and numbered shirts, as well as initiating with European competition, died of pneumonia on 6 January 1934.
Arsenal won the Charity Shield with a 3–0 triumph at Everton, but went out of the FA Cup against Aston Villa.
Arsenal's biggest league win of the season was 6–0 against Middlesbrough; in all competitions it was 7–0 against Crystal Palace in the FA Cup fourth round.
Their top scorer was once again Cliff Bastin, who scored 13 league goals and 15 in all competitions.