Rangers played a total of 42 competitive matches during the 1994–95 season. The club won the Premier Division with a commanding sixteen point lead over nearest challengers Motherwell.

The cup competitions were not so successful as the side crashed out the Scottish Cup in the fourth round to Hearts, losing 4–2. In the League Cup the side was defeated 2–1 by Falkirk.

The European campaign was over as soon as it began, the club was knocked out the UEFA Champions League in the first round by AEK Athens, losing 3-0 on aggregate.

Rangers made three expensive signings at the start of the season in shape of defenders Basile Boli and Alan McLaren, as well as forward Brian Laudrup. On his way out of the club was misfit striker Duncan Ferguson after 18 months, when in December 1994 he signed for Everton in a £4.2million deal (£200,000 more than Rangers had paid for him) after two months on loan at the English club.

The club's successful season was overshadowed by the death in March of club legend Davie Cooper at the age of 39.

All results are written with Rangers' score first.

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