An investigation into the evolution of temperature and stress fields, as well as the phase transformation in marine steel EH36 during multi-pass welding, and their subsequent effects on Charpy impact toughness, remains in great lack. In this study, submerged arc welding (SAW) was employed to carry out multi-pass welding on EH36 steel plates, followed by the low-temperature toughness test of weldments. Comsol software version 6.2 and finite element analysis are utilized to simulate the evolution of the microstructure, temperature, and residual stress fields throughout the multi-pass welding process. As welding progressed, the heat absorption along the vertical direction was enhanced; in contrast, a decrease is observed in the horizontal direction away from the heat source. This complicated temperature history favors the bainite transformation in the vicinity to the heat source, whereas areas more remote from the weld zone exhibit a higher prevalence of acicular ferrite due to the reduced cooling rate. The concentration of residual stress is predicted to occur at the boundary of the melt pool and at the interface between the weld and the heat-affected zone, with the greatest deformation observed near the fusion line at the top surface of the model. Furthermore, multi-pass welding may alleviate the residual stress, especially when coupled with the formation of acicular ferrite upon cooling, leading to improved low-temperature impact toughness in regions remote from the heat source. These findings offer valuable insights for the design and optimization of multi-pass welding in future applications.