| Final | Team | time | Rk. | | 1. Michael Phelps |  USA | 51.25s | 3. 1. | | 2. Ian Crocker | USA | 51.29s | 1. 3. | | 3. Andriy Serdinov |  UKR | 51.36s | 2. 2. | | 4. Thomas Rupprath |  GER | 52.27s | 7. 7. | | 5. Igor Marchenko |  RUS | 52.32s | 9. 4. | | 6. Gabriel Mangabeira |  BRA | 52.34s | 11.5. | | 7. Duje Draganja |  CRO | 52.46s | 6. 8. | | 8. Geoff Huegill |  AUS | 52.56s | 5. 6. |
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| Semi 1 | Team | time | Rk. | | 1. Andriy Serdinov | UKR | 51.74s | 2. | | 2. Duje Draganja | CRO | 52.74s | 8. | | 3. Takashi Yamamoto |  JPN | 52.81s | 9. | | 4. Franck Esposito |  FRA | 52.88s | 11. | | 5. Mike Mintenko |  CAN | 52.89s | 12. | | 6. Helge Meeuw | GER | 52.99s | 13. | | 7. James Hickman |  GBR | 53.10s | 15. | | 8. Milorad Čavić |  YUG | 53.12s | 16. |
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| Semi 2 | Team | time | Rk. | | 1. Michael Phelps | USA | 51.61s | 1. | | 2. Ian Crocker | USA | 51.83s | 3. | | 3. Igor Marchenko | RUS | 52.32s | 4. | | 4. Gabriel Mangabeira | BRA | 52.33s | 5. | | 5. Geoff Huegill | AUS | 52.64s | 6. | | 6. Thomas Rupprath | GER | 52.71s | 7. | | 7. Yevgeny Korotyshkin | RUS | 52.85s | 10. | | 8. Corney Swanepoel |  NZL | 52.99s | 13. |
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| Heat 8 | Team | time | Rk. | | 1. Ian Crocker | USA | 52.03s | 1. | | 2. Franck Esposito | FRA | 52.61s | 8. | | 3. Igor Marchenko | RUS | 52.62s | 9. | | 4. Gabriel Mangabeira | BRA | 52.76s | 11. | | 5. Mike Mintenko | CAN | 52.96s | 14. | | 6. Helge Meeuw | GER | 53.11s | 16. | | 7. Kaio Márcio de Almeida | BRA | 53.22s | 17. | | 8. Adam Pine | AUS | 53.45s | 20. |
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| Heat 7 | Team | time | Rk. | | 1. Michael Phelps | USA | 52.35s | 3. | | 2. Geoff Huegill | AUS | 52.54s | 5. | | 3. Duje Draganja | CRO | 52.56s | 6. | | 4. Thomas Rupprath | GER | 52.57s | 7. | | 5. Takashi Yamamoto | JPN | 52.71s | 10. | | 6. James Hickman | GBR | 52.91s | 12. | | 7. Corney Swanepoel | NZL | 53.07s | 15. | | 8. Ioan Ştefan Gherghel |  ROU | 53.89s | 27. |
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| Heat 6 | Team | time | Rk. | | 1. Andriy Serdinov | UKR | 52.05s | 2. | | 2. Yevgeny Korotyshkin | RUS | 52.93s | 13. | | 3. Joris Keizer |  NED | 53.41s | 19. | | 4. Denys Sylantyev | UKR | 53.46s | 21. | | 5. Todd Cooper | GBR | 53.48s | 22. | | 6. Mattia Nalesso |  ITA | 53.49s | 23. | | 7. Eugene Botes |  RSA | 54.15s | 30. | | 8. Josh Ilika |  MEX | 54.29s | 33. |
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| Heat 5 | Team | time | Rk. | | 1. Milorad Čavić | YUG | 52.44s | 4. | | 2. Ryan Pini |  PNG | 53.26s | 18. | | 3. Simão Morgado |  POR | 53.53s | 24. | | 4. Frédérick Bousquet | FRA | 53.63s | 25. | | 5. Pavel Lagun |  BLR | 53.87s | 26. | | 6. Erik Andersson |  SWE | 54.26s | 32. | | 7. Gáspár Zsolt |  HUN | 54.43s | 34. | | 8. Luis Rojas |  VEN | 54.58s | 36. |
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| Heat 4 | Team | time | Rk. | | 1. Jere Hård |  FIN | 54.02s | 28. | | 2. Peter Mankoč |  SLO | 54.14s | 29. | | 3. Sotirios Pastras |  GRE | 54.20s | 31. | | 4. Rimvydas Šalčius |  LTU | 54.46s | 35. | | 5. Camilo Becerra |  COL | 54.71s | 37. | | 6. Georgi Palazov |  BUL | 54.91s | 40. | | 7. Wu Peng |  CHN | 55.17s | 43. | | 8. Andrejs Dūda |  LAT | 56.81s | 53. |
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| Heat 3 | Team | time | Rk. | | 1. Jeong Du-Hui |  KOR | 54.76s | 38. | | 2. Rustam Khudiyev |  KAZ | 55.03s | 41. | | 3. Hjörtur Már Reynisson |  ISL | 55.12s | 42. | | 4. Eduardo Otero |  ARG | 55.24s | 44. | | 5. Aleksandar Miladinovski |  MKD | 55.71s | 45. | | 6. Juan Pablo Valdivieso |  PER | 55.98s | 47. | | 7. Aghiles Slimani |  ALG | 56.22s | 48. | | 8. Onur Uras |  TUR | 56.37s | 49. |
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| Heat 2 | Team | time | Rk. | | 1. Michal Rubáček |  CZE | 54.87s | 39. | | 2. Oleg Lyashko |  UZB | 55.90s | 46. | | 3. Nicholas Rees |  BAH | 56.39s | 50. | | 4. Gordon Touw Ngie Tjouw |  SUR | 56.68s | 51. | | 5. Conrad Francis |  SLA | 56.80s | 52. | | 6. Andi Wibowo |  INA | 56.86s | 54. | | 7. Daniel O'Keeffe |  GUM | 57.39s | 55. | | 8. Davy Bisslik |  ARU | 57.85s | 56. |
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| Heat 1 | Team | time | Rk. | | 1. Luis Matias |  ANG | 58.92s | 57. | | 2. Fernando Medrano |  NIC | 1:00.91 | 58. | | 3. Rad Aweisat |  PLE | 1:01.60 | 59. |
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