| Sport: | women's basketball |
| Prev Year: | 2022–23 |
| Year: | 2023–24 |
| Next Year: | 2024–25 |
| Team: | SMU Mustangs |
| Conference: | American Athletic Conference |
| Short Conf: | AAC |
| Record: | 14–16 |
| Conf Record: | 8–10 |
| Head Coach: | Toyelle Wilson |
| Hc Year: | 3rd |
| Assoc Coach: | Deneen Parker |
| Asst Coach1: | Danielle Edwards |
| Asst Coach2: | Anthony Anderson |
| Asst Coach3: | Brian Porth |
| Asst Coach4: | Alex Furr |
| Arena: | Moody Coliseum |
The 2023–24 SMU Mustangs women's basketball team represents Southern Methodist University during the 2023–24 NCAA Division I women's basketball season. The Mustangs, led by third-year head coach Toyelle Wilson, play their home games at Moody Coliseum in University Park, Texas as members of the American Athletic Conference. This will be SMU's final season as members of the American Athletic Conference, as they will be joining the Atlantic Coast Conference in July 2024.[1]
The Mustangs finished the 2022–23 season 17–12, 7–8 in AAC play to finish in fifth place.[2] As the #5 seed in the AAC tournament, they lost to #4 seed Houston in the quarterfinals.[3] They received an at-large bid into the WNIT, where they would defeat Little Rock in the first round,[4] before falling to Texas Tech in the second round.[5]
|-!colspan=12 style=| Exhibition|-!colspan=12 style=| Non-conference regular season|-!colspan=12 style=| AAC regular season|-!colspan=12 style=|AAC tournament|-Sources:[6] [7]