1938 Országos Bajnokság I (men's water polo)

1938 Országos Bajnokság I (men's water polo) was the 32nd water polo championship in Hungary. There were nine teams who played one round match for the title.

Final list
 * M: Matches W: Win D: Drawn L: Lost G+: Goals earned G−: Goals got P: Point 

2. Class
1. NSC, 2. Szegedi VSE, 3. NTE, 4. Tatabányai SC.