| Year: | 1987 |
| Tour: | LPGA Tour |
| Regular Season: | – |
| No Of Events: | 33 |
| Most Wins: | 5  Jane Geddes |
| Honor1: | Money leader |
| Honoree1: |  Ayako Okamoto |
| Honor2: | Player of the Year |
| Honoree2: | Ayako Okamoto |
| Honor3: | Rookie of the Year |
| Honoree3: | Tammie Green |
| Prevseason: | 1986 |
| Nextseason: | 1988 |
The 1987 LPGA Tour was the 38th season since the LPGA Tour officially began in 1950. The season ran from January 29 to November 8. The season consisted of 33 official money events. Jane Geddes won the most tournaments, five. Ayako Okamoto led the money list with earnings of $466,034.
There were seven first-time winners in 1987: Laura Davies, Rosie Jones, Yuko Moriguchi, Cindy Rarick, Deb Richard, Jody Rosenthal, and Colleen Walker.
The tournament results and award winners are listed below.
The following table shows all the official money events for the 1987 season.[1] "Date" is the ending date of the tournament. The numbers in parentheses after the winners' names are the number of wins they had on the tour up to and including that event. Majors are shown in bold.
| Date | Tournament | Location | Winner | Score | Purse ($) | 1st prize ($) | |
|---|---|---|---|---|---|---|---|
| Feb 1 | Kathy Postlewait (2) | 286 (-2) | 200,000 | 30,000 | |||
| Feb 8 | Nancy Lopez (35) | 281 (-7) | 200,000 | 30,000 | |||
| Feb 21 | Cindy Rarick (1) | 207 (-9) | 300,000 | 45,000 | |||
| Mar 1 | Jane Geddes (3) | 276 (-12) | 300,000 | 45,000 | |||
| Mar 8 | Jane Geddes (4) | 286 (-2) | 250,000 | 37,500 | |||
| Mar 22 | Betsy King (8) | 281 (-7) | 200,000 | 30,000 | |||
| Mar 29 | Pat Bradley (22) | 286 (-2) | 300,000 | 45,000 | |||
| Apr 5 | Nabisco Dinah Shore | Betsy King (9) | 283 (-5) | 500,000 | 80,000 | ||
| Apr 12 | Ayako Okamoto (8) | 275 (-13) | 200,000 | 30,000 | |||
| Apr 19 |  Jan Stephenson (14) | 215 (-1) | 300,000 | 45,000 | |||
| May 3 | Cindy Hill (2) | 271 (-17) | 225,000 | 33,750 | |||
| May 10 | Jody Rosenthal (1) | 209 (-7) | 250,000 | 37,500 | |||
| May 17 | Ayako Okamoto (9) | 215 (-4) | 225,000 | 33,750 | |||
| May 24 | Mazda LPGA Championship | Jane Geddes (5) | 275 (-13) | 350,000 | 52,500 | ||
| May 31 | Cindy Rarick (2) | 275 (-13) | 275,000 | 41,250 | |||
| Jun 7 | Betsy King (10) | 278 (-6) | 500,000 | 75,000 | |||
| Jun 14 | Colleen Walker (1) | 278 (-10) | 350,000 | 52,500 | |||
| Jun 21 | Ayako Okamoto (10) | 208 (-8) | 300,000 | 45,000 | |||
| Jun 28 | Deb Richard (1) | 280 (-8) | 300,000 | 45,000 | |||
| Jul 5 | Jane Geddes (6) | 280 (-8) | 225,000 | 33,750 | |||
| Jul 12 | du Maurier Ltd. Classic | Jody Rosenthal (2) | 272 (-16) | 400,000 | 60,000 | ||
| Jul 19 | Jane Geddes (7) | 277 (-11) | 300,000 | 45,000 | |||
| Jul 26 | U.S. Women's Open | Laura Davies (1*) | 285 (-3) | 325,000 | 55,000 | ||
| Aug 2 | Christa Johnson (4) | 277 (-11) | 250,000 | 37,500 | |||
| Aug 9 | Mary Beth Zimmerman (3) | 206 (-10) | 300,000 | 45,000 | |||
| Aug 16 | Val Skinner (3) | 212 (-4) | 225,000 | 33,750 | |||
| Aug 23 | Betsy King (11) | 207 (-6) | 225,000 | 33,750 | |||
| Aug 30 | Ayako Okamoto (11) | 282 (-6) | 250,000 | 81,500 | |||
| Sep 7 | Rosie Jones (1) | 208 (-8) | 200,000 | 30,000 | |||
| Sep 13 | Nancy Lopez (36) | 210 (-6) | 225,000 | 33,750 | |||
| Sep 20 | Jan Stephenson (15) | 277 (-11) | 225,000 | 33,750 | |||
| Sep 27 | Jan Stephenson (16) | 205 (-11) | 300,000 | 45,000 | |||
| Nov 8 | Yuko Moriguchi (1*) | 206 (-10) | 350,000 | 52,500 |