Following their win in 2021, defending champions France were unable to retain their title in the finals after finishing third in their group.

[1][2] Spain won the final against Croatia, 5–4 on penalties following a 0–0 draw after extra time, for their first UEFA Nations League title.

[10][11] The fixture list for Group 4 was amended due to the postponement of Path A of UEFA qualifying for the World Cup.

[64] The semi-final pairings were determined by means of an open draw on 25 January 2023, 11:00 CET, at the UEFA headquarters in Nyon, Switzerland.

[71] Key The path A play-offs were previously held similarly to decide one extra qualification spot for UEFA Euro 2020.