| 1 | - | | 24 | Switzerland | 129:13:07 |
| 2 | - | | 29 | Switzerland | + 24:16 |
| 3 | - | | 28 | Arbos - Bubba | + 26:28 |
| 4 | - | | 34 | Bianchi-Pirelli | + 31:17 |
| 5 | - | | 26 | Atala - Pirelli | + 33:09 |
| 6 | - | | 33 | Nivea - Fuchs | + 34:01 |
| 7 | - | | 31 | Netherlands | + 35:05 |
| 8 | - | | 29 | Bottecchia - Ursus | + 36:21 |
| 9 | - | | 28 | Switzerland | + 40:51 |
| 10 | - | | 29 | Frejus | + 41:07 |
| 11 | - | | 26 | Frejus | + 43:47 |
| 12 | - | | 24 | Legnano-Pirelli | + 44:46 |
| 13 | - | | 39 | Bartali - Brooklin | + 50:11 |
| 14 | - | | 24 | Netherlands | + 50:45 |
| 15 | - | | 22 | Torpado - Ursus | + 52:47 |
| 16 | - | | 24 | Legnano-Pirelli | + 53:29 |
| 17 | - | | 24 | Arbos - Bubba | + 54:13 |
| 18 | - | | 26 | Atala - Pirelli | + 56:35 |
| 19 | - | | 31 | Netherlands | + 56:41 |
| 20 | - | | 23 | Bianchi-Pirelli | + 01:00:52 |
| 21 | - | | 38 | Arbos - Bubba | + 01:04:37 |
| 22 | - | | 26 | Atala - Pirelli | + 01:06:59 |
| 23 | - | | 30 | Bottecchia - Ursus | + 01:11:54 |
| 24 | - | | 28 | Spain | + 01:13:18 |
| 25 | - | | 27 | Bartali - Brooklin | + 01:13:26 |
| 26 | - | | 29 | Bianchi-Pirelli | + 01:13:37 |
| 27 | - | | 29 | Doniselli - Lansetina | + 01:16:33 |
| 28 | - | | 32 | Bottecchia - Ursus | + 01:16:44 |
| 29 | - | | 28 | Switzerland | + 01:17:14 |
| 30 | - | | 29 | België | + 01:18:38 |
| 31 | - | | 29 | België | + 01:19:25 |
| 32 | - | | 29 | België | + 01:25:58 |
| 33 | - | | 34 | Bartali - Brooklin | + 01:26:33 |
| 34 | - | | 10 | Legnano-Pirelli | + 01:28:13 |
| 35 | - | | 28 | Frejus | + 01:29:57 |
| 36 | - | | 26 | Switzerland | + 01:30:41 |
| 37 | - | | 35 | Nivea - Fuchs | + 01:31:29 |
| 38 | - | | 29 | Spain | + 01:33:42 |
| 39 | - | | 27 | Spain | + 01:34:58 |
| 40 | - | | 31 | Nivea - Fuchs | + 01:35:22 |
| 41 | - | | 28 | Bianchi-Pirelli | + 01:36:37 |
| 42 | - | | 24 | Torpado - Ursus | + 01:37:25 |
| 43 | - | | 22 | Arbos - Bubba | + 01:39:34 |
| 44 | - | | 34 | Doniselli - Lansetina | + 01:40:21 |
| 45 | - | | 25 | Spain | + 01:42:58 |
| 46 | - | | 33 | Atala - Pirelli | + 01:43:46 |
| 47 | - | | 28 | Torpado - Ursus | + 01:44:48 |
| 48 | - | | 26 | Doniselli - Lansetina | + 01:45:11 |
| 49 | - | | 27 | Bianchi-Pirelli | + 01:45:50 |
| 50 | - | | 27 | Spain | + 01:46:47 |
| 51 | - | | 24 | Frejus | + 01:47:15 |
| 52 | - | | 33 | Arbos - Bubba | + 01:51:40 |
| 53 | - | | 26 | Legnano-Pirelli | + 01:51:53 |
| 54 | - | | 21 | Arbos - Bubba | + 01:52:27 |
| 55 | - | | 26 | Bottecchia - Ursus | + 02:02:38 |
| 56 | - | | 31 | Bottecchia - Ursus | + 02:05:59 |
| 57 | - | | 25 | Frejus | + 02:07:45 |
| 58 | - | | 28 | Torpado - Ursus | + 02:18:50 |
| 59 | - | | 25 | Netherlands | + 02:33:18 |
| 60 | - | | 22 | Bianchi-Pirelli | + 02:42:54 |
| 61 | - | | 24 | Legnano-Pirelli | + 02:42:57 |
| 62 | - | | 32 | Bartali - Brooklin | + 02:43:35 |
| 63 | - | | 32 | Switzerland | + 02:45:08 |
| 64 | - | | 23 | Frejus | + 02:52:34 |
| 65 | - | | 27 | Switzerland | + 02:55:31 |
| 66 | - | | 26 | Torpado - Ursus | + 03:23:53 |
| 67 | - | | 26 | Spain | + 03:38:41 |