The team compiled a 6–3 record (3–2 against Big 6 opponents), finished in third place in the Big 6, and outscored all opponents by a combined total of 213 to 135.
Don Faurot was the head coach for the sixth of 19 seasons.
[1][2] The team's leading scorer was Harry Ice with 42 points.
37 (out of 697 college football teams) in the final rankings under the Litkenhous Difference by Score system for 1940.
[4] The team played its home games at Memorial Stadium in Columbia, Missouri.