Testosterone (T) concentrations change rapidly in the context of human competition, and these changes in neuroendocrine function may serve to modulate future aggressive behavior. However, an increase in T during competition does not translate into aggressive behavior among all individuals. Here, we examined the extent to which individual differences in trait anxiety moderate the relationship between T responses to competition and aggressive behavior. Across two studies, we found that T responses to competition were positively correlated with subsequent aggression, but only among men scoring relatively low in trait anxiety. Trait anxiety did not moderate the relationship between T reactivity and aggression in women. These findings highlight the importance of considering individual difference in trait anxiety when examining the neuroendocrine correlates of human aggression.