We present the list of point sources found in the Wilkinson Microwave Anisotropy Probe (WMAP) five-year maps. The technique used in the first-year and three-year analyses now finds 390 point sources, and the five-year source catalog is complete for regions of the sky away from the Galactic plane to a 2Jy limit, with SNR>4.7 in all bands in the least covered parts of the sky. The noise at high frequencies is still mainly radiometer noise, but at low frequencies the cosmic microwave background (CMB) anisotropy is the largest uncertainty. A separate search of CMB-free V-W maps finds 99 sources of which all but one can be identified with known radio sources. The sources seen by WMAP are not strongly polarized. Many of the WMAP sources show significant variability from year to year, with more than a 2:1 range between the minimum and maximum fluxes.