The 5000 metres speed skating event was part of the speed skating at the 1948 Winter Olympics programme.

The competition was held on Sunday, 1 February 1948.

Forty speed skaters from 14 nations competed.

[1] These were the standing world and Olympic records (in minutes) prior to the 1948 Winter Olympics.

(*) The record was set in a high altitude venue (more than 1000 metres above sea level) and on naturally frozen ice.