The 1932 VFL season was the 36th season of the Victorian Football League (VFL), the highest-level senior Australian rules football competition in Victoria.

The season featured twelve clubs and ran from 30 April to 1 October, comprising an 18-match home-and-away season followed by a four-week finals series featuring the top four clubs.

Carlton won the minor premiership by finishing atop the home-and-away ladder with a 15–3 win–loss record.

Fitzroy's Haydn Bunton Sr. won his second consecutive Brownlow Medal as the league's best and fairest player, and Geelong's George Moloney won the leading goalkicker medal as the league's leading goalkicker.

Once the 18 round home-and-away season had finished, the 1932 VFL Premiers were determined by the specific format and conventions of the Page–McIntyre system.