Following the announcement of the results, Corbyn said he would now work on uniting the party and pressuring the government on creating a fairer economic order.
"I will do everything I can to repay the trust and support [of voters], to bring our party together and to make it an engine of progress for our people," Corbyn said.
"This is the time for all of us to focus every ounce of energy on exposing the Tories [Conservative Party] and the damage they are doing to our country."
Corbyn was elected last year to lead Labour, which governed the UK between 1997 and 2010 but has lost two successive general elections.
"We have much more in common than that which divides us. As far as I'm concerned, let's wipe that slate clean from today and get on with the work we've got to do as a party together."
More than 750 Corbyn supporters celebrated his win at an event held by the pro-Corbyn Momentum organisation in Liverpool.
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