| Competition: | Scottish Division One |
| Season: | 1972–73 |
| Winners: | Celtic |
| Relegated: | Kilmarnock Airdrieonians |
| Prevseason: | 1971–72 |
| Nextseason: | 1973–74 |
The 1972–73 Scottish Division One was won by Celtic, one point ahead of their nearest rival Rangers. Kilmarnock and Airdrieonians finished 17th and 18th respectively and were relegated to the 1973–74 Second Division.