| Club: | Heart of Midlothian |
| Season: | 1986–87 |
| Manager: | Alex MacDonald Sandy Jardine |
| Chairman: | Wallace Mercer |
| Stadium: | Tynecastle Stadium |
| League: | Scottish Premier Division |
| League Result: | 5th |
| Cup1 Result: | Round 1 |
| Cup2 Result: | Semi-final |
| Cup3: | League Cup |
| Cup3 Result: | Round 2 |
| Cup4 Result: | Runner-up |
| League Topscorer: | John Robertson (16) |
| Season Topscorer: | John Robertson (19) |
| Highest Attendance: | 29,091 v Rangers Scottish Premier Division 7 February 1987 |
| Lowest Attendance: | 6,779 v Dundee United Scottish Premier Division 11 May 1987 |
| Average Attendance: | 14,531 |
| Prevseason: | 1985–86 |
| Nextseason: | 1987–88 |
The 1986–87 season was Heart of Midlothian F.C.s 4th consecutive season of play in the Scottish Premier Division. Hearts also competed in the UEFA Cup, Scottish Cup, Scottish League Cup and the East of Scotland Shield.
See main article: 1986–87 UEFA Cup.
See main article: 1986–87 Scottish Cup.
See main article: East of Scotland Shield.
See main article: 1986–87 Scottish Premier Division.