The finals were contested in two-legged home-and-away format between Santos and Palmeiras, two of the most successful clubs of Brazil.
Following a draw to determine the home and away teams for both legs, Santos hosted the first match at Vila Belmiro in Santos on 25 November 2015, while the second match was hosted by Palmeiras at Allianz Parque in São Paulo on 2 December 2015.
As the tournament does not include extra time for any match in case of a tied aggregate score, nor even the away goals rule for the finals, the second match went straight to the penalty shoot-out, which Palmeiras won by 4–3 to claim their 3rd Copa do Brasil title.
This was the first Copa do Brasil win for manager Marcelo Oliveira, having reached the finals four times as he was runners-up in 2011, 2012 and 2014.
As winners, Palmeiras qualified automatically to group stage of the 2016 Copa Libertadores de América.