Alfred Dorris, 49, appeared visibly shaken when a jury at the Old Bailey acquitted him of failing to take "reasonable care" of the health and safety of himself and his 69 passengers on Tram 2551 in November 2016.
The jury deliberated for less than two hours on Monday to reach its unanimous verdict following the prosecution brought by the Office of Road and Rail (ORR).
Transport for London (TfL) and Tram Operations Limited (ToL) have previously admitted health and safety offences relating to significant failings ahead of the catastrophic derailment and will be sentenced at a later date.
Families of the victims had sat in Court One of the Old Bailey or attended the trial by video-link from Croydon.
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