1940 Portland Pilots football team

The 1940 Portland Pilots football team was an American football team that represented the University of Portland as an independent during the 1940 college football season. In its fourth year under head coach Robert L. Mathews, the team compiled a 2–3–1 record.

Portland was ranked at No. 154 (out of 697 college football teams) in the final rankings under the Litkenhous Difference by Score system for 1940.

The team played its home games at Multnomah Stadium in Portland, Oregon.