| Yugoslav Football Cup | |
| Year: | 1954 |
| Other Titles: | 8th Marshal Tito Cup |
| Country: | Yugoslavia |
| Winners: | Partizan (3rd title) |
| Second: | Red Star |
| Prev Season: | 1953 |
| Next Season: | 1955 |
The 1954 Yugoslav Cup was the 8th season of the top football knockout competition in SFR Yugoslavia, the Yugoslav Cup (Kup Jugoslavije), also known as the "Marshal Tito Cup" (Kup Maršala Tita), since its establishment in 1946.
In the following tables winning teams are marked in bold; teams from outside top level are marked in italic script.
| width=40 | Tie no | width=150 | Home team | width=80 | Score | width=150 | Away team |
|---|---|---|---|---|---|---|---|
| 1 | Dinamo Zagreb | 2–3 | Red Star | ||||
| 2 | Lovćen Cetinje | 0–4 | Spartak Subotica | ||||
| 3 | Mačva Šabac | 4–0 | Rijeka | ||||
| 4 | Rabotnički | 0–7 | Hajduk Split | ||||
| 5 | Radnički Niš | 1–1 (4–5 p) | Odred Ljubljana | ||||
| 6 | RNK Split | 0–0 (4–2 p) | Radnički Belgrade | ||||
| 7 | Velež | 3–2 | BSK Belgrade | ||||
| 8 | Vojvodina | 2–4 | Partizan |
| width=40 | Tie no | width=150 | Home team | width=80 | Score | width=150 | Away team |
|---|---|---|---|---|---|---|---|
| 1 | Odred Ljubljana | 1–5 | Hajduk Split | ||||
| 2 | Partizan | 7–2 | RNK Split | ||||
| 3 | Red Star | 9–0 | Velež | ||||
| 4 | Spartak Subotica | 5–0 | Mačva Šabac |
| width=40 | Tie no | width=150 | Home team | width=80 | Score | width=150 | Away team |
|---|---|---|---|---|---|---|---|
| 1 | Hajduk Split | 0–4 | Partizan | ||||
| 2 | Spartak Subotica | 0–1 | Red Star |