| Tourney Name: | Mitropa Cup |
| Year: | 1927 |
| Dates: | 14 August – 13 November 1927 |
| Num Teams: | 8 |
| Champion Other: | Sparta Prague |
| Count: | 1 |
| Second Other: |  Rapid Wien |
| Matches: | 14 |
| Goals: | 64 |
| Top Scorer: | Josef Silný (5 goals) |
| Nextseason: | 1928 |
The 1927 season of the Mitropa Cup football club tournament was won by Sparta Prague in a final against Rapid Wien. This was the inaugural edition of the tournament.
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MTK won 8–2 on aggregate.----Rapid Wien won 9–1 on aggregate.----Sparta Prague won 8–6 on aggregate.----Slavia Prague won 6–2 on aggregate.
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Sparta Prague was awarded win after MTK fielded an ineligible player.----Rapid Wein won 4–3 on aggregate.
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| Rank | Player | Team | Goals |
|---|---|---|---|
| 1 | Josef Silný | Sparta Prague | 5 |
| 2 | Johann Hoffmann | Rapid Wien | 4 |
| Antonín Puč | Slavia Prague | ||
| Evžen Veselý | Sparta Prague | ||
| Ferdinand Wesely | Rapid Wien | ||
| 6 | Johann Luef | Rapid Wien | 3 |
| Adolf Patek | Sparta Prague |