| Competition: | Segunda División |
| Season: | 1931–32 |
| Winners: | Betis Balompié |
| Promoted: | Betis Balompié |
| Relegated: | Catalunya FC |
| League Topscorer: | Isidro Lángara (24 goals) |
| Best Goalkeeper: | Óscar Álvarez Sión I (1.44 goals/match) |
| Biggest Home Win: | (13 March 1932) |
| Biggest Away Win: | (27 December 1931) |
| Highest Scoring: | (13 March 1932) |
| Matches: | 90 |
| Total Goals: | 295 |
| Prevseason: | 1930–31 |
| Nextseason: | 1932–33 |
The 1931–32 Segunda División season saw 10 teams participate in the second flight Spanish league. Betis was promoted to Primera División. Catalunya was relegated to Tercera División.