John Collins' side stormed to victory over Killie to claim this piece of silverware for the third time in their history, following the triumphs of 1972/73 and 1991/92.
Abdessalam Benjelloun and Steven Fletcher both scored twice for Hibs, with defender Rob Jones also on target at Hampden Park.
Winning line-up
Andrew McNeil
Steven Whittaker
Chris Hogg
Rob Jones
David Murphy
Ivan Sproule
Guillaume Beuzelin
Scott Brown
Lewis Stevenson
Steven Fletcher
Abdessalam Benjelloun
Substitutes
Simon Brown
Shelton Martis
Kevin McCann
Michael Stewart
Merouane Zemmama