NXT TakeOver: Phoenix was the 23rd NXT TakeOver professional wrestling livestreaming event produced by WWE. It was held exclusively for wrestlers from the promotion's NXT brand division. The event aired exclusively on the WWE Network and took place on January 26, 2019, at the Talking Stick Resort Arena in Phoenix, Arizona as part of that year's Royal Rumble weekend.

Five matches were contested at the event. In the main event, Tommaso Ciampa defeated Aleister Black to retain the NXT Championship. In the penultimate match, Shayna Baszler defeated Bianca Belair by technical submission to retain the NXT Women's Championship. In other prominent matches, Johnny Gargano defeated Ricochet to win the NXT North American Championship, and in the opening bout, War Raiders (Hanson and Rowe) defeating The Undisputed Era (Kyle O'Reilly and Roderick Strong) to win the NXT Tag Team Championship.