1940 VMI Keydets football team

The 1940 VMI Keydets football team was an American football team that represented the Virginia Military Institute (VMI) during the 1940 college football season as a member of the Southern Conference. In their fourth year under head coach Pooley Hubert, the team compiled an overall record of 7–2–1.

VMI was ranked at No. 85 (out of 697 college football teams) in the final rankings under the Litkenhous Difference by Score system for 1940.