| Season: | 1986–87 |
| Nextseason: | 1987–88 |
The 1986–87 Toto Cup Leumit was the third season of the third most important football tournament in Israel since its introduction.
It was held in two stages. First, the 16 Liga Leumit teams were divided into four groups. The group winners advanced to the semi-finals, which, as was the final, were held as one-legged matches.
The competition was won by Shimshon Tel Aviv, who had beaten Maccabi Netanya 2–0 in the final.