The 48th Annual Tony Awards was broadcast by CBS from the Gershwin Theatre on June 12, 1994. The hosts were Sir Anthony Hopkins and Amy Irving.

Shows that opened on Broadway during the 1993–1994 season before May 12, 1994 are eligible.

George Abbott, Alan Alda, Jane Alexander, Carol Burnett, Nell Carter, Glenn Close, Tony Danza, Ossie Davis, Ruby Dee, Peter Falk, Melanie Griffith, Madeline Kahn, Harvey Keitel, Jack Klugman, Swoosie Kurtz, Linda Lavin, Michael Learned, Steve Martin, Bebe Neuwirth, Rosie O'Donnell, Bernadette Peters, Tony Randall, Tony Roberts, Martin Short, Paul Sorvino, Jean Stapleton, Marlo Thomas, Gwen Verdon, Vanessa L. Williams

Victor Garber introduced scenes from the 1994 nominees for Best Revival of a Musical:

• Grease ("We Go Together" – Company);
• She Loves Me ("I Don't Know His Name"/"She Loves Me" – Diane Fratantoni, Sally Mayes and Boyd Gaines);
• Damn Yankees ("Shoeless Joe From Hannibal, Mo." – Vicki Lewis and Company);
• Carousel ("You'll Never Walk Alone"- Shirley Verrett and Company).
• Vanessa L. Williams on live remote from Toronto introduced Show Boat ("Ol' Man River" – Michel Bell and Company).

• A Grand Night for Singing ("People Will Say We're in Love"/"Some Enchanted Evening"/"It's a Grand Night for Singing" – Company);
• Beauty and the Beast ("Me"/"Be Our Guest"/"If I Can't Love Her"/"Beauty and the Beast" – Company);
• Cyrano: The Musical (Company);
• Passion ("Happiness"/"Drums and Music"/"Finale" – Company).

This was the first year for several awards: the award for Best Revival was given separately for plays and musicals, and the "Lifetime Achievement Award". The first Lifetime Achievement Award was presented to husband-and-wife Jessica Tandy and Hume Cronyn by another husband-and-wife, Ossie Davis and Ruby Dee.^[1]

Winners are in bold

• Regional Theatre Award — McCarter Theatre
• Lifetime Achievement Award — Jessica Tandy and Hume Cronyn

• Drama Desk Awards
• 1994 Laurence Olivier Awards – equivalent awards for West End theatre productions
• Obie Award
• New York Drama Critics' Circle
• Theatre World Award
• Lucille Lortel Awards