1940 New York Yankees season

The 1940 New York Yankees season was the team's 38th season. New York was managed by Joe McCarthy. Their home games were played at Yankee Stadium. The team finished in third place with a record of 88–66, finishing two games behind the American League champion Detroit Tigers and one game behind the second-place Cleveland Indians.

Offseason

 * October 14, 1939: Hank Sauer was drafted from the Yankees by the Cincinnati Reds in the 1939 minor league draft.

Starters by position
''Note: Pos = Position; G = Games played; AB = At bats; R = Runs; H = Hits; Avg. = Batting average; HR = Home runs; RBI = Runs batted in; SB = Stolen Bases''

Other batters
''Note: G = Games played; AB = At bats; R = Runs; H = Hits; Avg. = Batting average; HR = Home runs; RBI = Runs batted in; SB = Stolen bases''

Starting pitchers
Note: G = Games pitched; IP = Innings pitched; W = Wins; L = Losses; ERA = Earned run average; SO = Strikeouts

Other pitchers
Note: G = Games pitched; IP = Innings pitched; W = Wins; L = Losses; ERA = Earned run average; SO = Strikeouts

Relief pitchers
Note: G = Games pitched; W = Wins; L = Losses; SV = Saves; ERA = Earned run average; SO = Strikeouts

Farm system
LEAGUE CHAMPIONS: Newark, Binghamton, Amsterdam, Akron, Butler

Arkansas–Missouri League folded, July 1, 1940