Match ends, Arsenal 1, Everton 1.
Arsenal 1-1 Everton
Substitute Gerard Deulofeu's late strike earned Everton a draw and denied Arsenal a seven-point lead at the top of the Premier League.
The 19-year-old smashed past Wojciech Szczesny from inside the box to cancel out Mesut Ozil's close-range finish.
Everton's Tim Howard had earlier denied Aaron Ramsey and Olivier Giroud, before Szczesny thwarted Kevin Mirallas.
Giroud hit the bar in injury-time, but the point moves Arsenal five clear of Liverpool at the top of the table.
Everton manager Roberto Martinez, who was relegated with Wigan on his last visit to the Emirates, praised his side's "lack of fear" in recent matches and Deulofeu's late strike spoke volumes for the Blues' character as they remain the only side with one loss in the Premier League.
Arsenal, who have now led in 13 of their 15 league matches, will be frustrated to have squandered the advantage having battled to break down their visitors with Ozil's fourth league goal of the campaign.
Their manager, Arsene Wenger described the visitors' midweek win over Manchester United as a "warning" for his side, but with the two best defences in the league on show, early chances were sparse despite spells of crisp passing.
Everton, who last won at Arsenal in 1996, enjoyed large bouts of possession and drew protestations from Wenger for the intensity of their pressing without the ball.
Sylvain Distin swiped a volley wide for the visitors, before Ross Barkley, operating behind Romelu Lukaku, fed Mirallas on a breakaway but the Belgian's effort was wasteful.
Martinez described Arsenal's attacking-play as "as good as it gets" in the run up to the fixture and late on in the opening period, Wenger's side began to showcase the guile which had earned them four consecutive wins.
Howard, seeking a fourth successive clean sheet, dived at the feet of Giroud to block after a neat Ramsey pass, before the Arsenal charges reversed roles.
This time Giroud dummied to release the Welshman, but Howard was again swift and brave to block at his feet.
The Gunners started the second period with the intensity their opponents had the first and Carzola headed tamely at Howard after a delightful interchange with Wilshere.
The intricate play was not lost on Martinez's side and Steven Pienaar collected Barkley's confident flick to warm the hands of Szczesny in Arsenal's goal.
Ramsey, whose eight goals make him the Premier League's most potent midfielder, was denied by Howard before the influential Barkley blasted straight at Szczesny at the other end.
After making four changes from the midweek win against Hull, Wenger highlighted the strength of his bench ahead of the match and the introduction of Theo Walcott, Tomas Rosicky and Mathieu Flamini backed up his confidence.
Flamini instantly shot wide, before Rosicky and Walcott combined to present Ozil with the opener.
The German, who now has four goals and six assists in his last 12 Premier League matches, volleyed high past Howard from six-yards, sparking relief amongst home supporters.
Their emotion was soon swung by Deulofeu, who had been on the field just five minutes when he collected a pass inside the area to unleash a shot past Szczesny.
Giroud's volley from 30 yards at the death almost offered a dramatic end to a pulsating final 10 minutes of play, but the ball cannoned back of the angle of post and crossbar to ensure the points were shared.
To see a gallery of images from Sunday's Premier League action go to the BBC Sport Facebook page.
Arsenal manager Arsene Wenger:
"It was a good game and Everton played well. Overall it took us time to get into it and in the first 25 minutes they were stronger.
"After that we had three one against ones in the first half and that's the regret I have.
"We didn't take our chances very well and the other regret is that we gave the lead away with seven minutes to go. But credit to them, they always looked dangerous. In the end, we are disappointed to get caught but it's still a point."
- 16RamseySubstituted forFlaminiat 68'minutes
- 10WilshereSubstituted forRosickyat 68'minutes
- 19CazorlaSubstituted forWalcottat 68'minutes
- 24HowardBooked at 77mins
- 18BarryBooked at 43mins
- 11MirallasSubstituted forDeulofeuat 79'minutesBooked at 89mins
- 16McCarthyBooked at 61mins
- 20BarkleySubstituted forNaismithat 90+3'minutes
- 22PienaarSubstituted forOsmanat 71'minutes
- Howard Webb
- Shots on Target
Second Half ends, Arsenal 1, Everton 1.
Bryan Oviedo (Everton) wins a free kick in the defensive half.
Foul by Mathieu Flamini (Arsenal).
Olivier Giroud (Arsenal) hits the bar with a left footed shot from outside the box.
Substitution, Everton. Steven Naismith replaces Ross Barkley.
Attempt missed. Romelu Lukaku (Everton) left footed shot from outside the box is too high.
Corner, Arsenal. Conceded by Leon Osman.
Gerard Deulofeu (Everton) is shown the yellow card for a bad foul.
Foul by Gerard Deulofeu (Everton).
Tomas Rosicky (Arsenal) wins a free kick in the attacking half.
Ross Barkley (Everton) wins a free kick on the right wing.
Foul by Kieran Gibbs (Arsenal).
Goal! Arsenal 1, Everton 1. Gerard Deulofeu (Everton) right footed shot from the right side of the box to the top left corner. Assisted by Romelu Lukaku.
Goal! Arsenal 1, Everton 0. Mesut Özil (Arsenal) right footed shot from very close range to the top left corner. Assisted by Theo Walcott with a headed pass.
Substitution, Everton. Gerard Deulofeu replaces Kevin Mirallas.
Attempt missed. Sylvain Distin (Everton) header from the left side of the box is high and wide to the left.
Corner, Everton. Conceded by Wojciech Szczesny.
Attempt saved. Kevin Mirallas (Everton) right footed shot from the right side of the box is saved in the bottom right corner. Assisted by Leon Osman with a through ball.
Tim Howard (Everton) is shown the yellow card.
Offside, Everton. Romelu Lukaku tries a through ball, but Kevin Mirallas is caught offside.
Phil Jagielka (Everton) wins a free kick in the defensive half.
Foul by Laurent Koscielny (Arsenal).
Attempt blocked. Olivier Giroud (Arsenal) left footed shot from the centre of the box is blocked. Assisted by Laurent Koscielny.
Foul by Seamus Coleman (Everton).
Mesut Özil (Arsenal) wins a free kick on the left wing.
Attempt missed. Mathieu Flamini (Arsenal) right footed shot from the right side of the box is close, but misses to the left. Assisted by Olivier Giroud.
Substitution, Everton. Leon Osman replaces Steven Pienaar.
Ross Barkley (Everton) wins a free kick in the attacking half.
Foul by Olivier Giroud (Arsenal).
Attempt missed. Olivier Giroud (Arsenal) header from the centre of the box is high and wide to the right. Assisted by Kieran Gibbs with a cross.
Substitution, Arsenal. Tomas Rosicky replaces Jack Wilshere.
Substitution, Arsenal. Mathieu Flamini replaces Aaron Ramsey.
Substitution, Arsenal. Theo Walcott replaces Santiago Cazorla.
Attempt saved. Ross Barkley (Everton) right footed shot from outside the box is saved in the top centre of the goal. Assisted by Steven Pienaar.
Steven Pienaar (Everton) wins a free kick in the defensive half.
Foul by Mikel Arteta (Arsenal).
James McCarthy (Everton) is shown the yellow card for a bad foul.
Foul by James McCarthy (Everton).
Aaron Ramsey (Arsenal) wins a free kick in the defensive half.