The 1972 NCAA Men's Water Polo Championship was the fourth annual NCAA Men's Water Polo Championship to determine the national champion of NCAA men's college water polo.

Tournament matches were played at the Armond H. Seidler Natatorium in Albuquerque, New Mexico during December 1972.

[1] UCLA defeated UC Irvine in the final, 10–5, to win their third, and second consecutive, national title.

The leading scorer for the tournament was Jim Kruse from UC Irvine (31 goals).

Additionally, an All-Tournament Team was named for the first time this year.