| Election Name: | 1940 Vermont gubernatorial election |
| Country: | Vermont |
| Type: | presidential |
| Ongoing: | no |
| Previous Election: | 1938 Vermont gubernatorial election |
| Previous Year: | 1938 |
| Next Election: | 1942 Vermont gubernatorial election |
| Next Year: | 1942 |
| Image1: | File:Wm Henry Wills.jpg |
| Nominee1: | William H. Wills |
| Party1: | Republican Party (United States) |
| Popular Vote1: | 87,346 |
| Percentage1: | 64.0% |
| Party2: | Democratic Party (United States) |
| Nominee2: | John McGrath |
| Popular Vote2: | 49,068 |
| Percentage2: | 36.0% |
| Map Size: | 220px |
| Governor | |
| Before Election: | George Aiken |
| Before Party: | Republican Party (United States) |
| After Election: | William H. Wills |
| After Party: | Republican Party (United States) |
The 1940 Vermont gubernatorial election took place on November 5, 1940. Incumbent Republican George Aiken did not run for re-election to a third term as Governor of Vermont, instead running for the United States Senate. Republican candidate William H. Wills defeated Democratic candidate John McGrath to succeed him.