| Season: | 1940 |
| Manager: |  Amílcar BarbuyRamón Platero |
| Mgrtitle: | Manager |
| Chairman: | Piragibe Nogueira Paulo Machado de Carvalho |
| Chrtitle: | Chairman |
| League: | Torneio Rio-São Paulo |
| League Result: | 9th |
| Cup1: | Campeonato Paulista |
| Cup1 Result: | 6th |
| Prevseason: | 1939 |
| Nextseason: | 1941 |
The 1940 football season was São Paulo's 11th season since the club's founding in 1930.
| Games played | 48 (8# Torneio Rio-São Paulo, 20# Campeonato Paulista, 23 Friendly match) |
| Games won | 20 (1# Torneio Rio-São Paulo, 9# Campeonato Paulista, 11 Friendly match) |
| Games drawn | 6 (2 Torneio Rio-São Paulo, 1 Campeonato Paulista, 3 Friendly match) |
| Games lost | 22 (5# Torneio Rio-São Paulo, 10# Campeonato Paulista, 9 Friendly match) |
| Goals scored | 115 |
| Goals conceded | 107 |
| Goal difference | +8 |
| Best result | 8–0 (A) v Primeiro de Maio - Friendly match - 1940.04.21 |
| Worst result | 1–8 (A) v Botafogo - Torneio Rio-São Paulo - 1940.07.10 |
| Most appearances | |
| Top scorer | |