1940 Drake Bulldogs football team

The 1940 Drake Bulldogs football team was an American football represented Drake University in the Missouri Valley Conference (MVC) during the 1940 college football season. In its eighth season under head coach Vee Green, the team compiled a 4–5 record (2–2 against MVC opponents), tied for third place in the MVC, and outscored opponents by a total of 125 to 108.

Drake was ranked at No. 151 (out of 697 college football teams) in the final rankings under the Litkenhous Difference by Score system for 1940.