The MP faced five counts of inciting hatred among Muslims following his controversial statements attacking Islam, which he compared to Nazism.
But the court ruled his comments, while offensive to many Muslims, fell within the bounds of legitimate political debate and cleared him of all charges.
Presiding judge Marcel van Oosten said Mr Wilders' public claims must be seen in a wider context of debate over immigration policy.
"It's not only an acquittal for me, but a victory for freedom of expression in the Netherlands," he said.
"Fortunately you're allowed to discuss Islam in public debate and you're not muzzled in public debate. An enormous burden has fallen from my shoulders."
Mr Wilders is widely known for his anti-Islam message, calling for a halt to Muslim immigration and to ban the Islamic faith's holy book, the Quran.
Wilders appearing in court in Amsterdam earlier this year
Soon after he made the comments he had to be put under police protection following a number of death threats.
Before proceedings got under way last year, he claimed: "I have said what I have said and I will not take one word back."
He argued his statements represent the views of millions of Dutch voters and they are protected by freedom of speech law.
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