To evaluate the effect of irrigation regimes on yield and water productivity, a split plot experiment was conducted with three replications in Iran in 2017 and 2018. The main treatment consisted of 40%, 60%, 80% and 100% water requirements, respectively, and the sub-treatment consisted of four peanut cultivars (Guil, Gorgani, Jonobi and Mesri). Seed yield in 2017 with an average of 1316 kg/ha was higher than seed yield in 2018 with an average of 1022 kg/ha. Due to irrigation, seed yield in the treatments of 40 and 60% of water requirement with the average of 1345 and 1379 kg/ha, respectively, had the highest value. Due to the year of irrigation, the maximum seed yield in 2017 and in treatments of 40 and 60% of water requirement were with an average of 1494 and 1593 kg/ha, respectively. In peanut cultivars, Jonobi cultivar with an average of 1273 kg/ha, had the highest value compared to other cultivars. Due to irrigation×cultivars, 40% water requirement treatment and Jonobi cultivar with an average of 1732 kg/ha, and also 60% water requirement treatment and Guil cultivar with an average of 1667 kg/ha had the highest value. The maximum seed yield due in year ×irrigation ×cultivar was in 2017, and in the treatment of 40% of water requirement and in the Jonobi cultivar with an average of 1856 kg/ha. Water productivity on biological yield (4.32 kg.m-3) and pod yield (1.96 kg.m-3) in Mesri cultivar and Water productivity on seed yield in Gorgani cultivar were 0.54 kg.m-3.