| Club: | Heart of Midlothian |
| Season: | 1940–41 |
| Manager: | Frank Moss |
| Stadium: | Tynecastle Park |
| League: | Southern League |
| League Result: | 9th |
| Cup1 Result: | Semi-finalists |
| Cup2 Result: | Finalists |
| League Topscorer: | |
| Season Topscorer: | |
| Prevseason: | 1939–40 |
| Nextseason: | 1941–42 |
During the 1940–41 season Hearts competed in the Southern League, the Summer Cup, the Southern League Cup and the East of Scotland Shield.
See main article: Wilson Cup (football).
See main article: Rosebery Charity Cup.
See main article: Southern League Cup (Scotland) 1940–41.
See main article: Southern Football League (Scotland) 1940–41.