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Few studies have explored the role of social capital in migrant well-being. This is important to examine, as changes in social capital are often expected following migration. The present study, using standardised measures, investigated the relationships of two components of social capital – generalised trust and network resources – with two dimensions of well-being – flourishing and psychological distress – among 1036 Australian migrants. Participants completed a national online survey and were from four different cultural backgrounds (Anglo, Other European, Indian, Chinese). Compared to the Anglo group, the Indian group was found to have lower levels of both generalised trust and network resources. The Chinese group had lower levels of generalised trust but similar levels of network resources. Multiple regression analyses found higher generalised trust was linked to higher flourishing and lower …