According to the invention, there is provided a novel soybean variety designated 92M72. This invention thus relates to the seeds of soybean variety 92M72, to the plants of soybean 92M72, to plant parts of soybean variety 92M72 and to methods for producing a soybean plant produced by crossing plants of the soybean variety 92M72 with another soybean plant, using 92M72 as either the male or the female parent.