| Year: | 1972 |
| Team: | Troy State Red Wave |
| Sport: | football |
| Conference: | Gulf South Conference |
| Short Conf: | GSC |
| Record: | 4–5–1 |
| Conf Record: | 2–3–1 |
| Head Coach: | Tom Jones |
| Hc Year: | 1st |
| Stadium: | Veterans Memorial Stadium |
| Next: | 1973 |
The 1972 Troy State Red Wave football team represented Troy State University (now known as Troy University) as a member of the Gulf South Conference (GSC) during the 1972 NAIA Division I football season. Led by first-year head coach Tom Jones, the Red Wave compiled an overall record of 4–5–1 with a mark of 2–3–1 in conference play, placing fifth in the GSC.