Newcomer BSK Beograd replaced Jugoslavija Beograd as Serbia's top-performing club, this was due to half of the Jugoslavija players switching clubs to play for BSK.
Hajduk and second-place club BSK entered the 1927 Mitropa Cup.
The elimination of Građanski and Jugoslavija, both former national champions, was a major surprise.
[1] Final goalscoring position, number of goals, player/players and club.
[2] Champions: HAJDUK SPLIT (coach: Luka Kaliterna)