In its sixth season under head coach Cam Henderson, the team compiled an 8–2 record and outscored opponents by a total of 334 to 75.
Marshall had a 2–0 record against WVIAC opponents, but did not play enough conference games to qualify for the WVAC standings.
[1] Jim Roberts and Andy D'Antoni were the team captains.
[2] Jackie Hunt set a new single-season college football record with 27 touchdowns scored.
34 (out of 697 college football teams) in the final rankings under the Litkenhous Difference by Score system for 1940.