1939–40 AHL season

The 1939–40 AHL season was the fourth season of the International-American Hockey League, known in the present day as the American Hockey League. The league consisted of nine teams total. Four teams in the Eastern Division played a 54 game season, while five teams in the Western Division played a 56 game season. The Indianapolis Capitals won the F. G. "Teddy" Oke Trophy as the Western Division champions, while the Providence Reds won the Calder Cup as league champions.

Team changes

 * The Indianapolis Capitals joined the IAHL as an expansion team, based in Indianapolis, Indiana, playing in the West Division.

Final standings
Note: GP = Games played; W = Wins; L = Losses; T = Ties; GF = Goals for; GA = Goals against; Pts = Points; 

Scoring leaders
Note: GP = Games played; G = Goals; A = Assists; Pts = Points; PIM = Penalty minutes