The 1977–78 season was Newport County's 16th consecutive season in the Football League Fourth Division and their 50th season overall in the Football League.

Despite the eventual lowly 16th-place finish, this season was a much-improved performance over the previous season's relegation battle.

The club was actually in third place with promotion looking likely with ten games to go, but those games yielded a mere three points and County missed out again on a return to the Third Division.

Source: rsssf.com P = Matches played; W = Matches won; D = Matches drawn; L = Matches lost; F = Goals for; A = Goals against; GD = Goal difference; Pts = Points