Holmes, who let's be honest, is pretty good at playing it safe when it comes to fashion, donned a navy dress from her Holmes & Yang collection teamed with satin pumps. However, on closer inspection, perhaps this outfit isn't so boring after all - yes this polka dot design is pretty, but is that a bra we can see on show?
As for Cruise, he stuck to a suave suit and tie for his red carpet moment. We can't imagine he'll be following in the footsteps of Robert Downey Jr and his dip-dye shoes anytime soon...
How do you rate Katie and Tom's latest style? Let us know and take a look below to see some of Holmes' best fashion moments.
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See all the action from the red carpet in the video below: