1940 Indiana Hoosiers football team

The 1940 Indiana Hoosiers football team represented the Indiana Hoosiers in the 1940 Big Ten Conference football season. The participated as members of the Big Ten Conference. The Hoosiers played their home games at Memorial Stadium in Bloomington, Indiana. The team was coached by Bo McMillin, in his seventh year as head coach of the Hoosiers.

Indiana was ranked at No. 26 (out of 697 college football teams) in the final rankings under the Litkenhous Difference by Score system for 1940.