The 2016 Icelandic Cup, also known as Borgunarbikar for sponsorship reasons, was the 57th edition of the Icelandic national football cup. Valur won the title.
Below are the dates for each round as given by the official schedule:
|colspan="3" style="background-color:#97DEFF"|27 April 2016
|- |colspan="3" style="background-color:#97DEFF"|29 April 2016
|- |colspan="3" style="background-color:#97DEFF"|30 April 2016
|- |colspan="3" style="background-color:#97DEFF"|1 May 2016
|- |colspan="3" style="background-color:#97DEFF"|3 May 2016
|colspan="3" style="background-color:#97DEFF"|1 May 2016
|- |colspan="3" style="background-color:#97DEFF"|7 May 2016
|- |colspan="3" style="background-color:#97DEFF"|9 May 2016
|- |colspan="3" style="background-color:#97DEFF"|10 May 2016
|- |colspan="3" style="background-color:#97DEFF"|11 May 2016
|colspan="3" style="background-color:#97DEFF"|24 May 2016
|- |colspan="3" style="background-color:#97DEFF"|25 May 2016
|- |colspan="3" style="background-color:#97DEFF"|25 May 2016
|colspan="3" style="background-color:#97DEFF"|8 June 2016
|- |colspan="3" style="background-color:#97DEFF"|9 June 2016
|colspan="3" style="background-color:#97DEFF"|3 July 2016
|- |colspan="3" style="background-color:#97DEFF"|4 July 2016
|- |colspan="3" style="background-color:#97DEFF"|5 July 2016
|colspan="3" style="background-color:#97DEFF"|27 July 2016
|- |colspan="3" style="background-color:#97DEFF"|28 July 2016