| Year: | 1940 |
| Team: | Mercer Bears |
| Sport: | football |
| Conference: | Dixie Conference |
| Short Conf: | Dixie |
| Record: | 1–7 |
| Conf Record: | 0–3 |
| Head Coach: | Lake Russell |
| Hc Year: | 12th |
| Stadium: | Centennial Stadium |
The 1940 Mercer Bears football team was an American football team that represented Mercer University as a member of the Dixie Conference during the 1940 college football season. In their twelfth year under head coach Lake Russell, the team compiled a 1–7 record.
Mercer was ranked at No. 167 (out of 697 college football teams) in the final rankings under the Litkenhous Difference by Score system for 1940.[1]