Aims: Patients with type 2 diabetes mellitus (T2DM) undergoing dialysis have extremely high cardiovascular and mortality risks, yet evidence for effective therapies is limited. The benefits of glucagon-like peptide-1 receptor agonists (GLP-1 RAs) in this population remain unclear. Methods: We conducted a retrospective, propensity score-matched cohort study using the TriNetX US Collaborative Network (2013–2022). Among 1688 matched pairs of new GLP-1 RA and dipeptidyl peptidase-4 inhibitor (DPP-4i) users, the primary outcome was major adverse cardiovascular events (MACE), with secondary outcomes of all-cause mortality, heart failure, sepsis, hospitalization, and emergency visits. Results: GLP-1 RA users experienced significantly lower risk of MACE compared with DPP-4i users [hazard ratio (HR) 0.88, 95% confidence interval (CI) 0.78–0.99]. GLP-1 RAs were also associated with reduced all-cause mortality (HR 0.84, 95% CI 0.72–0.99), myocardial infarction (HR 0.84, 95% CI 0.70–0.99), heart failure (HR 0.87, 95% CI 0.78–0.98), and sepsis (HR 0.81, 95% CI 0.71–0.92). Healthcare utilization outcomes, such as hospitalization and emergency visits, were also reduced. Findings were consistent across sensitivity and subgroup analyses. Conclusions: In this large real-world dialysis cohort, GLP-1 RAs were associated with improved cardiovascular outcomes, survival, infection risk, and healthcare utilization, supporting their potential role in T2DM patients receiving dialysis.