| Club: | Arsenal |
| Season: | 1938–39 |
| Manager: | George Allison |
| Chairman: | Bernard Forbes, 8th Earl of Granard |
| Stadium: | Highbury |
| League: | First Division |
| League Result: | 5th |
| Cup1: | FA Cup |
| Cup1 Result: | Third round |
| Pattern B1: | _whitecollarplain |
| Pattern So1: | _hoops_white |
| Leftarm1: | ffffff |
| Body1: | ff0000 |
| Rightarm1: | ffffff |
| Shorts1: | ffffff |
| Socks1: | 000066 |
| Pattern B2: | _collar |
| Pattern So2: | _hoops_white |
| Leftarm2: | ffffff |
| Body2: | ffffff |
| Rightarm2: | ffffff |
| Shorts2: | 000000 |
| Socks2: | 000066 |
| Prevseason: | 1937–38 |
| Nextseason: | 1939–40 |
The 1938–39 season was Arsenal's 20th consecutive season in the top division of English football.
Arsenal's score comes first[1]
| Win | Draw | Loss |
| Date | Opponent | Venue | Result | Attendance | Scorers | |
|---|---|---|---|---|---|---|
| 27 August 1938 | Portsmouth | H | 2–0 | 54,940 | ||
| 3 September 1938 | Huddersfield Town | A | 1–1 | 26,126 | ||
| 8 September 1938 | Brentford | A | 0–1 | 38,535 | ||
| 10 September 1938 | Everton | H | 1–2 | 64,555 | ||
| 14 September 1938 | Derby County | H | 1–2 | 25,756 | ||
| 17 September 1938 | Wolverhampton Wanderers | A | 1–0 | 45,364 | ||
| 24 September 1938 | Aston Villa | H | 0–0 | 66,456 | ||
| 1 October 1938 | Sunderland | A | 0–0 | 51,042 | ||
| 8 October 1938 | Grimsby Town | H | 2–0 | 39,174 | ||
| 15 October 1938 | Chelsea | A | 2–4 | 65,443 | ||
| 22 October 1938 | Preston North End | H | 1–0 | 40,296 | ||
| 29 October 1938 | Bolton Wanderers | A | 1–1 | 46,611 | ||
| 5 November 1938 | Leeds United | H | 2–3 | 39,092 | ||
| 12 November 1938 | Liverpool | A | 2–2 | 42,540 | ||
| 19 November 1938 | Leicester City | H | 0–0 | 36,407 | ||
| 26 November 1938 | Middlesbrough | A | 1–1 | 29,047 | ||
| 3 December 1938 | Birmingham | H | 3–1 | 33,710 | ||
| 10 December 1938 | Manchester United | A | 0–1 | 42,008 | ||
| 17 December 1938 | Stoke City | H | 4–1 | 30,006 | ||
| 24 December 1938 | Portsmouth | A | 0–0 | 21,344 | ||
| 27 December 1938 | Charlton Athletic | A | 0–1 | 51,479 | ||
| 31 December 1938 | Huddersfeld Town | H | 1–0 | 34,146 | ||
| 14 January 1939 | Everton | A | 0–2 | 47,178 | ||
| 21 January 1939 | Charlton Athletic | H | 2–0 | 39,702 | ||
| 28 January 1939 | Aston Villa | A | 3–1 | 57,453 | ||
| 1 February 1939 | Wolverhampton Wanderers | H | 0–0 | 33,103 | ||
| 4 February 1939 | Sunderland | H | 2–0 | 45,875 | ||
| 18 February 1939 | Chelsea | H | 1–0 | 54,510 | ||
| 21 February 1939 | Grimsby Town | A | 1–2 | 10,845 | ||
| 25 February 1939 | Preston North End | A | 1–2 | 29,678 | ||
| 4 March 1939 | Bolton Wanderers | H | 3–1 | 29,814 | ||
| 11 March 1939 | Leeds United | A | 2–4 | 22,160 | ||
| 18 March 1939 | Liverpool | H | 2–0 | 31,495 | ||
| 25 March 1939 | Leicester City | A | 2–0 | 22,565 | ||
| 1 April 1939 | Middlesbrough | H | 1–2 | 34,669 | ||
| 7 April 1939 | Blackpool | A | 0–1 | 31,497 | ||
| 8 April 1939 | Birmingham | A | 2–1 | 33,250 | ||
| 10 April 1939 | Blackpool | H | 2–1 | 30,760 | ||
| 15 April 1939 | Manchester United | H | 2–1 | 25,741 | ||
| 22 April 1939 | Stoke City | A | 0–1 | 26,039 | ||
| 29 April 1939 | Derby County | A | 2–1 | 10,186 | ||
| 6 May 1939 | Brentford | H | 2–0 | 30,928 |
See main article: 1938–39 FA Cup. Arsenal entered the FA Cup in the third round, in which they were drawn to face Chelsea.
| R3 | 7 January 1939 | Chelsea | A | 1–2 | 58,095 |