Elections to Liverpool City Council were held on 3 May 1972. One seat in each of the forty wards was up for election, plus one by-election seat each in Vauxhall and Woolton wards. This was the last year when the council comprised 120 councillors and 40 Aldermen, totalling 160, which was the largest council membership .
After the election, the composition of the council was:
This data is compared with the election results for 1969, when the councillors were elected for a three-year term.
* - Councillor seeking re-election
<sup>(PARTY)</sup> - Party of former Councillor