The 1940 VFL season was the 44th season of the Victorian Football League (VFL), the highest level senior Australian rules football competition in Victoria.

The season featured twelve clubs, ran from 27 April until 28 September, and comprised an 18-game home-and-away season followed by a finals series featuring the top four clubs.

The premiership was won by the Melbourne Football Club for the fourth time and second time consecutively, after it defeated Richmond by 39 points in the 1940 VFL Grand Final.

Once the 18 round home-and-away season had finished, the 1940 VFL Premiers were determined by the specific format and conventions of the Page–McIntyre system.

Rules for classification: 1. premiership points; 2. percentage; 3. points forAverage score: 90.1Source: AFL Tables