| Club: | Blackpool F.C. |
| Season: | 1986–87 |
| League: | Division Three |
| Manager: | Sam Ellis |
| League Result: | 9th |
| League Topscorer: | Paul Stewart (21) |
| Season Topscorer: | Paul Stewart (21) |
| Cup1: | FA Cup |
| Cup1 Result: | First round |
| Cup2: | League Cup |
| Cup2 Result: | First round |
| Pattern B1: | _blackarc |
| Pattern So1: | _blueline |
| Leftarm1: | ffa500 |
| Body1: | ffa500 |
| Rightarm1: | ffa500 |
| Shorts1: | ffffff |
| Socks1: | ffa500 |
| Prevseason: | 1985–86 |
The 1986–87 season was Blackpool F.C.'s 79th season (76th consecutive) in the Football League. They competed in the 24-team Division Three, then the third tier of English league football, finishing ninth.
Paul Stewart was the club's top scorer, with 21 goals.
During the close season, on 26 July, the club celebrated their centenary.